American Idol Worship has learned, courtesy of a Clay Aiken fan site, that popular Season 5 finalist Elliott Yamin will soon be releasing his first single, "The Storm."

The fan favorite, who finished third on the competition despite being overshadowed from the beginning of the finals, is reportedly close to signing a record deal. His first single's release marks Yamin's first creative effort as both a vocal artist and co-writer.

The soulful Elliott and his best buddy, producer/co-writer, Terry "Big Planz" Thompson quietly spent time together in a recording studio in between when the Virginian was voted off the program and the beginning of the American Idols Live tour.

"The Storm" is the result of their collaboration, with 20 percent of all sales have been designated to helping the Juvenile Diabetes Research Foundation, and another 20 percent earmarked for the Bush-Clinton Katrina Fund.

Yamin (left, with AI5 winner Taylor Hicks) is a diabetic himself, and by setting aside 40 cents on the dollar for charitable causes, it's great to see him following the lead of Aiken, a renowned philanthropist.

"The Storm" will be available by the end of August on iTunes, as well as other web sources such as Amazon.com. It will hit music stores shortly thereafter. as Tower Records and other music stores. Fans looking for more information can check out Thompson's official site.

Matt Richenthal is the Editor in Chief of TV Fanatic. Follow him on Twitter and on Google+.