Elam Ministries

The information on this page was last updated 12/22/2023. If you see errors or omissions, please email: [email protected]


Summary



Every day, Iranians are coming to Christ. Every week, new house churches are being born in Iran, despite persecution. Elam exists to strengthen and expand this rapidly growing church. Much is happening, but -with your help- many more can be reached and discipled in the heart of the Muslim world.


Contact information

Mailing address:
Elam Ministries, USA
5755 North Point Parkway
Suite 217
Alpharetta, GA 30022

Website: elam.com

Phone: 770-664-8800

Email: [email protected]


Organization details

EIN: 582134253

CEO/President: David Yeghnazar

Chairman: Samuel Yeghnazar

Board size: 7

Founder: Sam Yeghnazar

Ruling year: 1996

Tax deductible: Yes

Fiscal year end: 12/31

Member of ECFA: Yes

Member of ECFA since: 2021


Purpose

Our desire is for all the people of Iran to have the opportunity to know Jesus Christ as Lord and Savior and follow him as disciples. We pray that Iran will continue to grow in becoming a missionary-sending nation, reaching many others for Christ.


Mission statement

Our mission is to strengthen and expand the church in the Iran region and beyond. To accomplish this we:
TRAIN Persian-speaking leaders for fruitful, effective ministry
EQUIP the Persian-speaking church with Bibles and resources for evangelism and discipleship
SEND the Gospel through trained evangelists, church planters and the media into the Persian-speaking world.


Statement of faith

Evangelical Christians accept the revelation of the triune God given in the Scriptures of the Old and New Testaments and confess the historic faith of the gospel therein set forth.

A. The sovereignty and grace of the triune God, God the Father, God the Son and God the Holy Spirit in creation, providence, revelation, redemption and final judgement.

B. The divine inspiration and infallibility of the Old and New Testaments as originally given and their consequent entire trustworthiness and supreme authority in all matters of faith and conduct.

C. The universal sinfulness and guilt of fallen human beings, making them subject to God's wrath and condemnation.

D. The substitutionary sacrifice of Jesus Christ the incarnate Son of God as the sole and all sufficient ground of redemption from the guilt and power of sin and from its eternal consequences.

E. The justification of the sinner solely by the grace of God through faith in Christ who was crucified and bodily raised from the dead.

F. The illuminating, regenerating, in-dwelling and sanctifying work of God the Holy Spirit

G. The priesthood of all believers, who form the universal Church, the Body of which Christ is the Head, and which is committed by His command to the proclamation of the Gospel throughout the world.

H. The expectation of the personal, visible return of the Lord Jesus Christ in power and glory.

Donor confidence score

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Transparency grade

A

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Financial efficiency ratings

Sector: Foreign Missions

CategoryRatingOverall rankSector rank
Overall efficiency rating132 of 110218 of 144
Fund acquisition rating585 of 110379 of 144
Resource allocation rating118 of 110317 of 144
Asset utilization rating122 of 110217 of 144

Financial ratios

Funding ratiosSector median20222021202020192018
Return on fundraising efforts Return on fundraising efforts =
Fundraising expense /
Total contributions
6%6%4%4%5%6%
Fundraising cost ratio Fundraising cost ratio =
Fundraising expense /
Total revenue
5%6%4%4%5%6%
Contributions reliance Contributions reliance =
Total contributions /
Total revenue
99%100%100%100%100%100%
Fundraising expense ratio Fundraising expense ratio =
Fundraising expense /
Total expenses
5%5%5%5%5%5%
Other revenue reliance Other revenue reliance =
Total other revenue /
Total revenue
1%0%0%0%0%0%
 
Operating ratiosSector median20222021202020192018
Program expense ratio Program expense ratio =
Program services /
Total expenses
84%90%90%91%91%90%
Spending ratio Spending ratio =
Total expenses /
Total revenue
99%127%85%82%96%109%
Program output ratio Program output ratio =
Program services /
Total revenue
81%114%77%75%88%99%
Savings ratio Savings ratio =
Surplus (deficit) /
Total revenue
1%-27%15%18%4%-9%
Reserve accumulation rate Reserve accumulation rate =
Surplus (deficit) /
Net assets
3%-90%32%54%19%-47%
General and admin ratio General and admin ratio =
Management and general expense /
Total expenses
9%6%5%4%4%4%
 
Investing ratiosSector median20222021202020192018
Total asset turnover Total asset turnover =
Total expenses /
Total assets
1.333.641.812.384.263.80
Degree of long-term investment Degree of long-term investment =
Total assets /
Total current assets
1.191.101.051.081.181.18
Current asset turnover Current asset turnover =
Total expenses /
Total current assets
1.944.011.902.585.034.47
 
Liquidity ratiosSector median20222021202020192018
Current ratio Current ratio =
Total current assets /
Total current liabilities
18.556.9824.2661.3445.913.89
Current liabilities ratio Current liabilities ratio =
Total current liabilities /
Total current assets
0.050.140.040.020.020.26
Liquid reserve level Liquid reserve level =
(Total current assets -
Total current liabilities) /
(Total expenses / 12)
5.722.566.044.582.332.00
 
Solvency ratiosSector median20222021202020192018
Liabilities ratio Liabilities ratio =
Total liabilities /
Total assets
7%13%4%2%14%34%
Debt ratio Debt ratio =
Debt /
Total assets
0%0%0%0%12%12%
Reserve coverage ratio Reserve coverage ratio =
Net assets /
Total expenses
67%24%53%41%20%17%

Financials

Balance sheet
 
Assets20222021202020192018
Cash$2,685,028$5,236,802$3,170,048$1,337,342$1,357,612
Receivables, inventories, prepaids$309,820$162,296$272,164$335,178$421,355
Short-term investments$0$0$20,219$20,320$9,164
Other current assets$0$0$0$0$0
Total current assets$2,994,848$5,399,098$3,462,431$1,692,840$1,788,131
Long-term investments$0$0$0$0$0
Fixed assets$306,964$280,630$288,079$304,366$314,052
Other long-term assets$0$0$0$0$0
Total long-term assets$306,964$280,630$288,079$304,366$314,052
Total assets$3,301,812$5,679,728$3,750,510$1,997,206$2,102,183
 
Liabilities20222021202020192018
Payables and accrued expenses$429,295$222,507$56,451$36,872$459,598
Other current liabilities$0$0$0$0$0
Total current liabilities$429,295$222,507$56,451$36,872$459,598
Debt$0$0$0$249,000$249,000
Due to (from) affiliates$0$0$0$0$0
Other long-term liabilities$0$0$0$0$0
Total long-term liabilities$0$0$0$249,000$249,000
Total liabilities$429,295$222,507$56,451$285,872$708,598
 
Net assets20222021202020192018
Without donor restrictions$1,794,039$4,258,829$2,570,576$330,657$542,474
With donor restrictions$1,078,478$1,198,392$1,123,483$1,380,677$851,111
Net assets$2,872,517$5,457,221$3,694,059$1,711,334$1,393,585
 
Revenues and expenses
 
Revenue20222021202020192018
Total contributions$9,387,128$12,042,641$10,916,799$8,827,079$7,327,348
Program service revenue$0$0$0$0$0
Membership dues$0$0$0$0$0
Investment income$823$0$253$2,494$270
Other revenue$33,551$0$0$0$0
Total other revenue$34,374$0$253$2,494$270
Total revenue$9,421,502$12,042,641$10,917,052$8,829,573$7,327,618
 
Expenses20222021202020192018
Program services$10,777,129$9,248,656$8,142,390$7,766,128$7,225,246
Management and general$665,895$541,126$357,815$311,195$327,794
Fundraising$563,182$489,697$431,813$434,264$434,971
Total expenses$12,006,206$10,279,479$8,932,018$8,511,587$7,988,011
 
Change in net assets20222021202020192018
Surplus (deficit)($2,584,704)$1,763,162$1,985,034$317,986($660,393)
Other changes in net assets$0$0$0$0$0
Total change in net assets($2,584,704)$1,763,162$1,985,034$317,986($660,393)

Compensation

NameTitleCompensation
David YeghnazarElam US President$152,369

Compensation data as of: 12/31/2022


Response from ministry

No response has been provided by this ministry.


The information below was provided to MinistryWatch by the ministry itself. It was last updated 12/22/2023. To update the information below, please email: [email protected]


History

Elam's story begins with Rev. Sam Yeghnazar, one of Iran's most senior church leaders. Iranian by birth and a key leader in the United Bible Societies, Sam became the pastor of a small Iranian fellowship in London in 1984 while working with UBS. He served for 20 years as pastor and the church became the largest congregation of Iranian Muslim converts outside Iran at the time. Sensing the openness of Iranians to the Gospel, Sam left the UBS in 1986 to dedicate his life to ministry among Iranians.

In 1990, Sam Yeghnazar founded Elam Ministries with a vision to reach the Persian-speaking world for Christ. To do this, Elam College was established - the only Persian-speaking residential Bible training center in the world. At the time, there were fewer than 10 Persian speakers in the entire world with formal Bible training. Several years later, Elam began working with Wycliffe Bible Translators to develop a new translation of the Bible in modern-day Persian: the New Millennium Version, which was completed in 2014.

Today, Elam trains and mentors emerging leaders for effective ministry at a variety of levels and to serve in multiple contexts across the Persian-speaking world.


Program accomplishments


Needs