2017-11-14T10:06:39-06:00 2016-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 650N BETHESDA MD 208142930 990 2016-01-01 581306896 GOLDEN KEY INTERNATIONAL HONOUR SOCIETY INC GOLD 6786892200 1040 CROWN POINTE PARKWAY NO 900 ATLANTA GA 303386908 JERRY SULLIVAN FINANCE COMMITTEE CHAIR 6786892200 2017-11-14 1 3019519090 75.103.231.202 2017-11-14 11:06:14 ES P B0767C5434AF612094479A14CF214538D894849F 1C84E1F40D0AB4F75A6C29AABE8087358D4F1C89 2016 2017-02-10 21:41:12Z BRADFORD RAINEY 1040 CROWN POINTE PARKWAY NO 900 ATLANTA GA 303386908 7061310 0 X WWW.GOLDENKEY.ORG X 1977 GA SEE PART III, LINE 1. 12 11 36 3000 0 0 180456 313108 4938792 5321254 53852 59791 1836705 1108012 7009805 6802165 770091 551021 0 0 2287309 2273038 0 0 404084 3805824 4344356 6863224 7168415 146581 -366250 2988467 2600688 1391227 1358154 1597240 1242534 X TO ENABLE MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMICS, LEADERSHIP AND SERVICE. 0 0 2342510 STUDENT RECOGNITION: STUDENT RECOGNITION IS THE SERVICE ASSOCIATED WITH RECOGNIZING THE TOP 15% OF SOPHOMORES, JUNIORS, SENIORS AND GRADUATE STUDENTS GLOBALLY AT OUR OVER 350 UNIVERSITIES IN 6 COUNTRIES. GOLDEN KEY AND ITS UNIVERSITY PARTNERS RECOGNIZE ALL STUDENTS, WHO MEET THE CRITERIA, PRESENTED TO THE ORGANIZATION BY THE UNIVERSITY FOR THEIR ACADEMIC ACHIEVEMENT. OTHER SERVICES INCLUDE COMMUNICATING THE VALUE ADDED BY JOINING THE SOCIETY, RECRUITING ACCREDITED UNIVERSITIES GLOBALLY TO JOIN THE GOLDEN KEY NETWORK AND FURTHER THE MISSION BY OFFERING ACADEMIC EXCELLENCE, MEMBER BENEFITS, SERVICE AND LEADERSHIP. 1488640 UNIVERSITY ACTIVITIES: UNIVERSITY ACTIVITIES IS THE PROGRAM SERVICE ASSOCIATED WITH FUNDING AND OVERALL SUPPORT OF OVER 414 CHAPTERS LOCATED ON THE UNIVERSITY CAMPUS IN 6 COUNTRIES TO FURTHER THE GK MISSION OF 1) PROVIDING BENEFITS AT THE LOCAL LEVEL, 2) PROMOTING GK AT THE LOCAL LEVEL, 3) FUNDING ALLOCATED TO CHAPTERS FOR LEADERSHIP ACTIVITIES TO INCLUDE ATIENDANCE AT BOTH REGIONAL AND INTERNATIONAL CONFERENCES AND LEADERSHIP POSITIONS WITH THE CHAPTER MODEL, 4) MENTORING ACTIVITIES FOR BOTH ADVISORS AND STUDENTS, AND 5) PROMOTING SERVICE ACTIVITIES AT THE LOCAL LEVEL. 1507222 551021 5321254 MEMBER BENEFITS: MEMBER BENEFITS IS THE PROGRAM SERVICE ASSOCIATED WITH PROVIDING BENEFITS TO THE STUDENT MEMBERS, ALUMNI, ADVISORS AND HONORARY MEMBERS. MEMBER BENEFITS INCLUDE 1) SCHOLARSHIPS, 2) RECOGNITION, 3) LEADERSHIP, 4) CAREER BENEFITS AND TRAINING, 5) MERCHANDISE, 6) MENTORING, 7) REGIONAL AND INTERNATIONAL CONFERENCES, 8) STUDY ABROAD, 9) JOBS AND INTERNSHIPS, AND 10) DISCOUNTED PROGRAMS. 807714 LEADERSHIP/VOLUNTEER TRAINING 807714 6146086 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 1 1 0 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 1 X 7 0 1 36 1 0 1 AS CA NZ SF 0 0 0 0 0 0 0 0 X 12 11 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 0 0 GA X DERRICK BROWN 6786892260 1040 CROWN POINTE PARKWAY NO 900 ATLANTA GA 303386908 BRADFORD RAINEY EXECUTIVE DIRECTOR 39.00 1.00 X X 228800 0 14926 ADNAN BOKHARI CHAIR 1.00 0.00 X X 0 0 0 SELWYN CORNISH VICE-CHAIR 1.00 0.50 X X 0 0 0 DEBRA GELLER SECRETARY 1.00 0.00 X X 0 0 0 GAIL COLE-AVENT BOARD MEMBER 1.00 0.00 X 0 0 0 EMILY COSTELLO BOARD MEMBER 1.00 0.00 X 0 0 0 BRETT POWELL BOARD MEMBER 1.00 0.50 X 0 0 0 KATRINA DAVIS BOARD MEMBER 1.00 0.00 X 0 0 0 JERRY SULLIVAN BOARD MEMBER 1.00 0.50 X 0 0 0 ALIM DHANJI BOARD MEMBER 1.00 0.00 X 0 0 0 DRIEKIE HAY-SWEMMER BOARD MEMBER 1.00 0.00 X 0 0 0 HARRIET WATKINS BOARD MEMBER 1.00 0.00 X 0 0 0 MELISSA LEITZELL VICE PRESIDENT 40.00 0.00 X 128600 0 10386 357400 0 25312 2 0 1 0 FIDELIS 223 GATES RD UNIT A LITTLE FERRY NJ 07643 MARKETING/PRINT/MAILING SERVICES 696556 DATACORE RESOURCE GROUP INC 9040 SHAUGHNESSY ST VANCOUVER BRITISH COLUMBIA CA V6P 6E5 DATA FILE SCRUBBING 243886 THE GREAT RIDGE COMPANY 3939 LAVISTA ROAD SUITE E 365 TUCKER GA 30084 INFORMATION TECHNOLOGY 202500 MARRIOTT BUSINESS SERIVICES PO BOX 404883 ATLANTA GA 303844883 SUMMITT HOSTING 186267 CROWNTECH COMPUTER SVCS 3870 PEACHTREE IND BLVD 340-137 DULUTH GA 30096 INFORMATION TECHNOLOGY 106785 5 150107 163001 313108 MEMBERSHIP DUES 900099 4405675 4405675 MEMBER SERVICES 900099 908993 908993 REGISTRATION FEES 900099 6586 6586 5321254 59791 59791 1145193 1145193 131695 259145 -127450 -127450 -127450 FOREIGN CURRENCY GAIN 900099 75731 75731 MISCELLANEOUS 900099 14538 14538 90269 6802165 5321254 0 1167803 X 60000 60000 334034 334034 156987 156987 382712 184407 154796 43509 1508717 1424342 15540 68835 27357 26920 360 77 188429 163266 15433 9730 165823 134993 19072 11758 42228 27536 6738 7954 127929 76006 34683 17240 691 230 403 58 1536752 1338022 95133 103597 130311 98089 13395 18827 197429 149528 36702 11199 256519 172629 42004 41886 94408 8935 73310 12163 244891 207609 22396 14886 362870 362514 178 178 177 177 244924 160121 67275 17528 88716 58502 15588 14626 CHAPTER ACTIVITIES 558929 558929 MERCHANDISE 175196 175196 CREDIT CARD FEES 157664 156473 594 597 AWARDS 63588 63588 61134 47230 4468 9436 7168415 6146086 618245 404084 1741975 1500276 4473 80617 125467 100925 82951 103161 62235 2585283 1899369 810791 685914 97752 104823 53246 34549 2988467 2600688 589521 765031 245903 242138 555803 350985 1391227 1358154 X 1468397 1107237 28843 35297 100000 100000 1597240 1242534 2988467 2600688 -366250 11544 0 X 0 1 X 1 0 X 214645 210162 462292 180456 313108 1380663 7263802 6719200 5992472 5684205 5321254 30980933 7478447 6929362 6454764 5864661 5634362 32361596 0 0 0 32361596 1368456 1695337 1320910 1246000 1336679 6967382 1368456 1695337 1320910 1246000 1336679 6967382 73885 204917 151658 41564 90269 562293 8920788 8829616 7927332 7152225 7061310 39891271 0.81120 0.75760 0.17470 0.18630 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 97752 11544 109296 90771 8972 -1991 97752 90745 8 90753 0.00000 1.00000 0.00000 0 0 214075 17419 196656 605399 383460 221939 1765809 1498490 267319 685914 DEFERRED RENT 317181 SUBLEASE TENANT DEPOSITS 33804 350985 X 7313267 11544 576 649434 661554 6651713 345 150107 150452 6802165 7367791 576 349252 349828 7017963 345 150107 150452 7168415 PART V, LINE 4: THE BASIC PHILOSOPHY GOVERNING THE INVESTMENT OF THE SOCIETY'S PORTFOLIO IS THE LONG TERM PRESERVATION OF PRINCIPAL. THE INVEST IN EXCELLENCE FUND IS A DONOR-RESTRICTED ENDOWMENT FUND. THE INVEST IN EXCELLENCE FUND IS USED FOR FUTURE SCHOLARSHIPS, USES A TOTAL RETURN INVESTMENT APPROACH TO MAINTAIN PURCHASING POWER, AND ALLOWS FOR $3,500 IN ANNUAL SPENDING, AFTER ITS FAIR VALUE RETURNS TO AT LEAST $100,000. IN ESTABLISHING THIS POLICY, THE SOCIETY CONSIDERED THE LONG-TERM EXPECTED RETURN ON ITS INVESTMENT ASSETS, THE NATURE AND DURATION OF THE INDIVIDUAL ENDOWMENT FUNDS, SOME OF WHICH MUST BE MAINTAINED IN PERPETUITY BECAUSE OF DONOR RESTRICTIONS, AND THE POSSIBLE EFFECTS OF INFLATION. THE SOCIETY'S OBJECTIVE IS TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS AS WELL AS TO PROVIDE ADDITIONAL REAL GROWTH THROUGH INVESTMENT RETURN. THE SOCIETY EXPECTS A RATE OF RETURN OF 3% TO 4% ANNUALLY. ACTUAL RETURNS IN ANY GIVEN YEAR MAY VARY FROM THIS AMOUNT. THE BOARD OF DIRECTORS IMPOSED A SAFETY RESERVE LEVEL OF $4,000,000, AND THIS LEVEL IS REVIEWED ANNUALLY. PART X, LINE 2: THE SOCIETY RECOGNIZES THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY THE TAXING AUTHORITY, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE SOCIETY, EXCEPT FOR ITS SOUTH AFRICA BRANCH, IS EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND IS NOT A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE CODE. THE SOCIETY IS SUBJECT TO FEDERAL AND STATE INCOME TAXES ON INCOME WHICH IS DETERMINED TO BE UNRELATED TO ITS EXEMPT PURPOSE, IF ANY. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY MAJOR TAX JURISDICTIONS DATE BACK TO THE YEAR ENDED DECEMBER 31, 2013. THE SOCIETY IS LIABLE FOR ANY TAX RELATED TO ITS SOUTH AFRICA BRANCH. IN ACCORDANCE WITH THE ASC, AN ASSET AND LIABILITY APPROACH IS USED FOR FINANCIAL ACCOUNTING AND REPORTING FOR INCOME TAXES. DEFERRED INCOME TAX ASSETS AND LIABILITIES ARE COMPUTED ANNUALLY FOR THE DIFFERENCE BETWEEN THE CONSOLIDATED FINANCIAL STATEMENT AND TAX BASIS OF ASSETS AND LIABILITIES THAT WILL RESULT IN TAXABLE OR DEDUCTIBLE AMOUNTS IN THE FUTURE BASED ON ENACTED TAX LAWS AND RATES. VALUATION ALLOWANCES ARE ESTABLISHED WHEN NECESSARY TO REDUCE THE DEFERRED INCOME TAX ASSETS TO AMOUNTS EXPECTED TO BE REALIZED. INCOME TAX EXPENSE IS THE TAX PAYABLE OR REFUNDABLE FOR THE PERIOD PLUS OR MINUS THE CHANGE DURING THE PERIOD IN DEFERRED INCOME TAX ASSETS AND LIABILITIES. THERE WERE NO DEFERRED OR CURRENT INCOME TAXES FOR THE YEARS ENDED DECEMBER 31, 2016 AND 2015. AS OF DECEMBER 31, 2016 AND 2015, THERE ARE NO KNOWN ITEMS WHICH WOULD RESULT IN A MATERIAL ACCRUAL RELATED TO UNCERTAIN FOREIGN, FEDERAL, OR STATE TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: GOLDEN KEY FOUNDATION REVENUE REPORTED IN CONSOLIDATED 390,289. AUIDT REPORT BUT BACKED OUT FOR GOLDEN KEY SOCIETY FORM 990 REPORTING. RENTAL EXPENSES REPORTED AS EXPENSE ON THE FINANCIAL 259,145. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 6B. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANT FROM GOLDEN KEY FOUNDATION TO GOLDEN KEY SOCIETY 150,107. ELIMINATED IN CONSOLIDATED AUDIT AND REPORTED ON FORM 990. PART XII, LINE 2D - OTHER ADJUSTMENTS: GOLDEN KEY FOUNDATION EXPENSES REPORTED IN CONSOLIDATED 90,107. AUIDT REPORT BUT BACKED OUT FOR GOLDEN KEY SOCIETY FORM 990 REPORTING. RENTAL EXPENSES REPORTED AS EXPENSE ON THE FINANCIAL 259,145. STATEMENTS AND NETTED AGAINST REVENUE ON FORM 990, PART VIII, LINE 6B. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT FROM GOLDEN KEY FOUNDATION TO GOLDEN KEY SOCIETY 150,107. ELIMINATED IN CONSOLIDATED AUDIT AND REPORTED ON FORM 990. 1 EAST ASIA AND THE PACIFIC 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 74026 NORTH AMERICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 18210 SUB-SAHARAN AFRICA 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION 64751 EAST ASIA AND THE PACIFIC 1 6 PROGRAM SERVICES ENABLE MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMICS, LEADERSHIP AND SERVICE. 660362 EAST ASIA AND THE PACIFIC 0 0 MANAGEMENT AND GENERAL 53180 EAST ASIA AND THE PACIFIC 0 0 FUNDRAISING 21927 NORTH AMERICA 0 1 PROGRAM SERVICES ENABLE MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMICS, LEADERSHIP AND SERVICE. 297824 NORTH AMERICA 0 0 MANAGEMENT AND GENERAL 12184 NORTH AMERICA 0 0 FUNDRAISING 13208 SUB-SAHARAN AFRICA 1 4 PROGRAM SERVICES ENABLE MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMICS, LEADERSHIP AND SERVICE. 204964 SUB-SAHARAN AFRICA 0 0 MANAGEMENT AND GENERAL 24404 SUB-SAHARAN AFRICA 0 0 FUNDRAISING 10411 SOUTH ASIA 0 0 PROGRAM SERVICES ENABLE MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMICS, LEADERSHIP AND SERVICE. 1010 1 7 1 4 2 11 1202464 253997 1456461 SCHOLARSHIPS EAST ASIA AND THE PACIFIC 39 74026 WIRE SCHOLARSHIPS NORTH AMERICA 28 18210 WIRE SCHOLARSHIPS SUB-SAHARAN AFRICA 66 64751 WIRE 0 0 0 0 0 0 1 GOLDEN KEY INTERNATIONAL HONOUR SOCIETY FOUNDATION INC 1040 CROWN POINTE PARKWAY 900 ATLANTA GA 30338 270748749 501(C)(3) 60000 FORGIVENESS OF DEBT 1 0 SCHOLARSHIPS 590 334034 PART I, LINE 2: EACH SCHOLARSHIP IS LISTED ON THE SOCIETY'S WEBSITE ALONG WITH THE CRITERIA FOR EACH SCHOLARSHIP AND FORMAL APPLICATION THE SOCIETY'S HEADQUARTERS AND ITS AUTHORIZED AGENT REVIEW THE SCHOLARSHIP APPLICATIONS FOR THE REQUIRED DOCUMENTATION, (I.E. OFFICIAL ACADEMIC TRANSCRIPT, LETTER OF RECOMMENDATION AND QUALITY OF PAPER SUBMITTED) BEFORE DETERMINING WHO IS AWARDED THE SCHOLARSHIP THE RECIPIENT IS NOTIFIED AND MUST PROVIDE THEIR PERSONAL INFORMATION AND OTHER DOCUMENTATION BEFORE THE SCHOLARSHIP FUNDS ARE DISBURSED BY HEADQUARTERS TO THEIR RESPECTIVE UNIVERSITY, COLLEGE OR INSTITUTION. X 1 1 X X X 0 0 0 0 0 0 0 0 0 BRADFORD RAINEY EXECUTIVE DIRECTOR 228800 0 0 0 0 0 9152 0 5774 0 243726 0 0 0 PART I, LINE 1A BUSINESS CLASS OR FIRST CLASS TRAVEL IS ALLOWED FOR ALL INTERNATIONAL FLIGHTS AND DOMESTIC FLIGHTS WHICH EXCEED 5 HOURS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND WAS REVIEWED BY SENIOR MANAGEMENT. THE BOARD RECEIVED A FINAL COPY OF THE FORM 990 BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE SOCIETY MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY ANNUALLY, BY REQUIRING EACH BOARD MEMBER TO SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. DISCLOSURE INVOLVING DIRECTORS SHOULD BE MADE TO THE BOARD CHAIR, WHO SHALL BRING THESE MATTERS, IF MATERIAL, TO THE BOARD. THE BOARD SHALL DETERMINE WHETHER A CONFLICT EXISTS AND IS MATERIAL, AND IN THE PRESENCE OF AN EXISTING MATERIAL CONFLICT, WHETHER THE CONTEMPLATED TRANSACTION MAY BE AUTHORIZED AS JUST, FAIR, AND REASONABLE TO GKIHS. THE DECISION OF THE BOARD ON THESE MATTERS WILL REST IN THEIR SOLE DISCRETION, AND THEIR CONCERN MUST BE THE WELFARE OF GKIHS AND THE ADVANCEMENT OF ITS PURPOSE. FORM 990, PART VI, SECTION B, LINE 15A COMPARABLE SALARY SURVEYS ARE OBTAINED THROUGH PROFESSIONAL AGENCIES TO DETERMINE THE TYPICAL RANGE OF SALARY FOR A GIVEN POSITION. THESE ARE REVIEWED ON AT LEAST AN ANNUAL BASIS. CEO COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMTTEE OF THE BOARD OF DIRECTORS AND UTILIZES COMPARABILITY DATA. THE DECISION IS THEN DOCUMENTED IN THE EXECTUTIVE LIMITATIONS REVIEW AND BOARD MINUTES. THE LAST COMPENSATION REVIEW TOOK PLACE MAY 2017. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST, AT THE UNITED STATES HEADQUARTERS IN ATLANTA, GA. FORM 990, PART IX, LINE 11G CONTRACT SERVICES: PROGRAM SERVICE EXPENSES 931,166. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 931,166. CONSULTANTS: PROGRAM SERVICE EXPENSES 340,802. MANAGEMENT AND GENERAL EXPENSES 78,918. FUNDRAISING EXPENSES 87,381. TOTAL EXPENSES 507,101. CONTRACTORS: PROGRAM SERVICE EXPENSES 66,054. MANAGEMENT AND GENERAL EXPENSES 16,215. FUNDRAISING EXPENSES 16,216. TOTAL EXPENSES 98,485. GOLDEN KEY INTERNATIONAL HONOUR SOCIETY FOUNDATION INC 1040 CROWN POINTE PARKWAY SUITE 900 ATLANTA GA 30338 270748749 INVESTMENT GA 501(C)(3) LINE 12A, I GKIHS 1 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 GOLDEN KEY INTERNATIONAL HONOUR SOCIETY FOUNDATION INC C 150107 FMV GOLDEN KEY INTERNATIONAL HONOUR SOCIETY FOUNDATION INC B 60000 FMV