2020-01-29T13:07:51-06:00 2019-07-31 363990892 Capin Crouse LLP 2435 Research Parkway Suite 200 Colorado Springs CO 80920 990 2018-08-01 953551085 English Language Institute in China ENGL 9705303800 1629 Blue Spruce Dr Fort Collins CO 80524 Mike Malan Treasurer 9705303800 2020-01-29 1 Ashley Peabody P01385870 7195286225 139.146.132.42 2020-01-29 14:07:43 ES P D4965F56B40AF6A7ED723965842D1DAEDDD763D5 E451B00C2DAB5B9C155711C472862A882530A861 2018 2020-09-23 17:36:50Z Timothy Davis 1629 Blue Spruce Dr Fort Collins CO 80524 18876713 0 X www.elic.org X 1980 CA Provide teams to teach "English as a Foreign Language" 11 9 518 286 0 0 15312446 16965003 2366023 1910389 781 1321 0 0 17679250 18876713 110548 95000 0 0 11975394 10282029 0 0 513518 6310509 6970755 18396451 17347784 -717201 1528929 4324346 4663474 4631165 3374807 -306819 1288667 ELIC places passionate people in contact with students across Asia through the medium of teaching English. ELIC recruits, trains, and sends men and women from the U.S. and Canada to meet the ever-growing demand for quality English education in Asia. 0 0 15242113 95000 1910389 ELIC has been sending teachers to teach English in China and southeast Asia since 1982. We are considered the premier English teaching organization in China and for the fiscal year ended July 31, 2019, we provided 300 teachers to Asia and the Middle East/North Africa in our university and fellowship programs and an additional 259 teachers in our summer programs. ELIC receives funding for carrying out programs in three ways: 1) teachers raise support to cover programmatic costs directly related to their services overseas; 2) ELIC affiliates pay ELIC a fee for carrying out administrative and support services for programs; and 3) ELIC is paid by overseas Universities for the placement of teachers and carrying out specific summer programs. 15242113 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 26 0 1 518 1 0 1 HK 0 0 0 0 0 0 0 0 0 0 X 11 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AK AZ AR CA CT FL GA HI IL KS KY ME MD MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X Mike Malan 9705303800 1629 Blue Spruce Dr Fort Collins CO 80524 Timothy Davis CEO/President 50.00 X X 124686 0 89591 Philip G Hubbard Board Member/Chairman 1.00 X X 0 0 0 Steven Hawn Board Member Vice Chair/Secretary 1.00 X X 0 0 0 Frank Fernandes Board Member 1.00 X 0 0 0 Robert Harrell Board Member 1.00 X 0 0 0 Dr Karen Longman Board Member 1.00 X 0 0 0 Tjalling Schotanus Board Member 1.00 X 0 0 0 Amy Shane Board Member 1.00 X 0 0 0 Homer Sun Board Member 1.00 X 0 0 0 John Southard Board Member 1.00 X 0 0 0 Rita Lim Board Member 1.00 X 0 0 0 Michael Malan Treasurer 50.00 X 84697 0 19535 209383 0 109126 1 0 1 0 0 16965003 16965003 Support service revenu 611710 1690134 1690134 Other program revenue 611710 136018 136018 University Services 611710 84237 84237 1910389 1321 1321 18876713 1910389 0 1321 95000 95000 330640 290277 25148 15215 6757376 6021112 420667 315597 102085 58857 26933 16295 2525030 2320581 180378 24071 566898 497694 43117 26087 12952 12952 53768 53768 1653097 1611968 34972 6157 74551 59641 14910 464420 224374 223262 16784 123019 66077 50834 6108 141963 106763 21931 13269 2246025 2158549 67550 19926 908418 827336 81082 172129 172129 168979 109803 36871 22305 258258 208099 50159 Teacher Expenses 276502 276502 Education Materials 251964 251426 538 Hospitality 55780 11691 27295 16794 108930 106004 2926 17347784 15242113 1592153 513518 X 143186 480339 41192 550798 48343 32742 6030315 2622384 3551757 3407931 92446 159003 447422 32661 4324346 4663474 981990 725628 150000 200000 3419175 2349179 80000 100000 4631165 3374807 X -670712 976782 363893 311885 -306819 1288667 4324346 4663474 X 1528929 66557 X X 0 1 X 1 0 X 16094000 15638332 16615983 15312446 16965003 80625764 16094000 15638332 16615983 15312446 16965003 80625764 2761981 77863783 2617 2713 1190 781 1321 8622 80634386 8968298 0.96560 0.97590 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 203079 203079 4175514 1145114 3030400 726687 697011 29676 925035 780259 144776 3407931 1 North America 0 0 Grants to Recipients Located in Region 95000 East Asia and the Pacific 6 10 Program ServicesProgram Services Teach English 10267166 Middle East and North Africa 2 0 Program Services Teach English 4879947 8 10 0 0 8 10 15242113 0 15242113 North America Organziational Operations 95000 Wire 1 0 0 0 0 0 0 0 Part I, Line 2: ELIC works closely with a foreign nonprofit that has the same purpose. As part of working with this nonprofit both in North America and Asia, ELIC monitors the use of granted funds. Part I, line 3: Foreign expenditures are accounted for based on the accrual accounting basis, using expense reports and other appropriate documentation. X 1 1 X X 0 0 0 0 0 0 0 0 0 Timothy Davis CEO/President 99101 0 18445 0 7140 0 24500 0 66149 0 215335 0 0 0 Part I, Line 1a Due to his status as an ordained minister of the Gospel, the President received a designated minister's housing allowance, a nontaxable benefit. Timothy Davis CEO / President Operating Loan X 100000 100000 0 1 1 Phil Hubbard Chairman of the Board Operating Loan X 100000 100000 0 1 1 200000 Form 990, Part VI, Section A, line 1 The Executive Committee is composed of the Chairman, Vice Chairman, and one other Board Member. The Executive Committee has authorization to act on behalf of the Board in between meetings. Form 990, Part VI, Section B, line 11b The Form 990 is prepared and reviewed by an independent CPA firm. The Executive Committee of the board and the Chairman of the Audit Committee reviewed the 990 in detail. A copy of the return is also provided to the full board before being filed with the IRS. Form 990, Part VI, Section B, line 12c Board members and officers are required to disclose potential conflicts of interest on an annual basis. The annual signed disclosures are reviewed by the Vice Chair. The Vice Chair's disclosure is reviewed by the President. Additionally, the executive & finance teams meet regularly and monitor transactions to make sure they comply with the conflict of interest policy. If there is a potential conflict of interest, the person with a conflict recuses himself from the board's decision making process. No transaction is entered into unless it is determined to be in the best interest of ELIC. Form 990, Part VI, Section B, line 15 The independent board is responsible for annually establishing the compensation of the organization's officers. The Vice President of Human Resources compiles a compensation analysis using comparability data from various sources and presents this information to the board. The independent board then examines the data and votes to approve the compensation of each officer. This process is documented in the board minutes. Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are available upon request. Form 990, Part X, Lines 27 - 29 In accordance with the principles of FASB ASU 2016-14 (ASC 958), the organization has implemented required changes to its audited financial statements for the period ended 07/31/2019. The 2018 Form 990 and its associated schedules were not updated to reflect changes made by this standard. Thus, we have reported the revised net asset categories from the audited financial statements as follows on Form 990, Part X, Lines 27-29: Line 27 - Net assets without donor restrictions $976,782 Line 29 - Net assets with donor restrictions 311,885 --------- Total net assets $1,288,667 Form 990, Part XI, line 9: Change in net assets of subsidiaries 66,557. Pinnacle Teaching Solutions LLC 155 North Wacker Drive Suite 4250 Chicago IL 60606 464530808 Language School CO N/A C 1 BlueBridge International LLC 1629 Blue Spruce Drive Fort Collins CO 80524 262772458 Exchange Program NC N/A C 1 Pinnacle Education Holdings LLC 1629 Blue Spruce Drive Fort Collins CO 80524 300972654 Holding Company CO English Lang Institute in China C 2200 290821 1.00000 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 Pinnacle Teaching Solutions B 488185 Cash Tranfer Bluebridge International LLC B Cash Tranfer Pinnacle Teaching Solutions O 905881 Actual expense Pinnacle Educational Holdings B Cash Tranfer