2013-11-18T10:46:25-06:00 2012-12-31 GRANT THORNTON LLP 1100 PEACHTREE STREET SUITE 1200 ATLANTA GA 30309 990 2012-01-01 581306896 Golden Key International Honour Society Inc % MR DERRICK BROWN GOLD 6786892260 1040 Crown Pointe Parkway Suite 900 Atlanta GA 303386908 BRAD RAINEY 6786892260 2013-11-13 true Jennifer FitzGerald 4043302000 2012 2016-03-07 17:11:31Z Golden Key Inc Brad Rainey 1040 Crown Pointe PKWY STE 900 Atlanta GA 303386908 8933632 false X www.goldenkey.org X 1977 GA TO ENABLE MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMIC, LEADERSHIP AND SERVICE. 12 11 47 3000 0 6826282 6438614 113911 11844 179617 166122 3038116 2130721 10157926 8747301 860254 798982 0 0 3750542 2711147 0 0 298015 5083338 5129529 9694134 8639658 463792 107643 4499936 4415854 2154929 1963204 2345007 2452650 X GOLDEN KEY INTERNATIONAL HONOUR SOCIETY ENABLES MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMIC EXCELLENCE, LEADERSHIP DEVELOPMENT TRAINING AND EDUCATION BASED COMMUNITY SERVICE. THESE ACTIVITIES ALLOW GOLDEN KEY MEMBERS THE ABILITY TO MAKE A SIGNIFICANT IMPACT IN THEIR COMMUNITIES THROUGHOUT THE WORLD. false false 1645252 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 ATTENDANCE 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. 2764211 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. 2240079 788982 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. 772266 10000 7421808 true true false false false false false false false true true false false false true true true true false true true false true false false false false true true true false false false false false false false false false false false false false true false false false true 47 0 47 true false true AS CA NZ SF false false false false false false false false X 12 11 false false false false false false false true true false true true true true true true true true true true false GA X X MR DERRICK BROWN 6786892260 1040 CROWN POINTE PKWY STE 900 Atlanta GA 30338 Bradford Rainey 40.0 X X 215535 0 5529 WILLIAM ASBURY 2.0 X 0 0 0 STEPHEN GROSS 1.0 X 0 0 0 JERRY SULLIVAN 2.0 X 0 0 0 CECILIA MANRIQUE 2.0 X 0 0 0 ANITA MILLER 2.0 X 0 0 0 DEREK SWEMMER 1.0 X 0 0 0 PETER VERUKI 1.0 X 0 0 0 SELWYN CORNISH 1.0 X 0 0 0 TEVOR NELSON 2.0 X 0 0 0 EMILY COSTELLO 1.0 X 0 0 0 TRACY RYAN 1.0 X 0 0 0 ANDREW LOBO 1.0 X 0 0 0 Cedric Edmundson 60.0 X 156780 0 5363 Melissa Leitzell 60.0 X 106567 0 21185 478882 0 32077 3 false true false MASS MUTUAL LIFE INS 1040 CROWN POINTE PARKWAY ATLANTA GA 30338 OFFICE LEASE 470651 RGI INC 576 COMMERCE PARK DR MARIETTA GA 30060 Direct Mail House 379919 Lyon Technologies LLC 2939 New College Way CUMMING GA 30041 Info. Technology 276010 Georgia Tech Hotel and Conference C 800 Spring Street NW ATLANTA GA 30308 Int'l Summit Venue 193714 TechBridgeInc 100 Peachtree Street Suite 2090 ATLANTA GA 30303 Info. Technology 181595 6 6223969 214645 6438614 MEMBER SERVICES 611710 11844 11844 11844 166122 166122 0 1203334 1203334 0 0 0 0 0 0 1039833 186331 853502 853502 MISCELLANEOUS INCOME 611710 73885 73885 73885 8747301 939231 1369456 X 15400 15400 701430 701430 82152 82152 0 510959 413917 64798 32244 0 1773319 1436529 224885 111905 40000 32304 4905 2791 224900 187066 24914 12920 161969 131465 19931 10573 0 39332 25968 9283 4081 119061 63181 49020 6860 0 0 0 780621 645478 111531 23612 304889 263286 15070 26533 112378 77489 30619 4270 123421 103186 18932 1303 0 319889 220350 82130 17409 290741 259913 26509 4319 0 340493 337534 2959 2728 2571 157 0 135309 93799 37153 4357 86784 59674 24733 2377 CHAPTER FUNDING 644728 644728 POSTAGE 532192 525162 6068 962 PRINTING SERVICES 361657 299047 51670 10940 CREDIT CARD AND BANK FEES 257035 245594 11102 339 678271 554585 106425 17261 8639658 7421808 919835 298015 1866895 1896434 0 0 0 0 117991 221669 0 0 0 0 1439515 1439515 186053 169194 165175 90867 1562609 1089079 588173 473530 0 0 0 0 0 0 0 0 136134 124645 4499936 4415854 1053941 861653 0 0 296340 281132 0 0 0 0 0 0 0 0 0 0 804648 820419 2154929 1963204 X 2206609 2328710 38398 23940 100000 100000 2345007 2452650 4499936 4415854 107643 X false true X true false X 4959551 6216063 7045736 6940193 6450458 31612001 435153 694006 800296 889424 1039833 3858712 0 0 0 5394704 6910069 7846032 7829617 7490291 35470713 0 0 0 35470713 1605824 1567645 1670072 2434023 1369456 8647020 0 1605824 1567645 1670072 2434023 1369456 8647020 0 153455 1026420 179131 48605 73885 1481496 7153983 9504134 9695235 10312245 8933632 45599229 0.77788 0.76106 0.18963 0.20638 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 90745 8 90753 100000 -9255 90745 100000 100000 100000 3500 3500 100000 100000 3500 3500 100000 1.00000 false false 446665 7734 438931 1115944 1081345 34599 473530 0 ACCRUED COMPENSATION 264001 DEFERRED RENT 556418 820419 X 9149875 44456 171786 216242 8933633 -186332 -186332 8747301 9130314 44456 446200 490656 8639658 8639658 Intended Uses of Endowment Funds Schedule D, Part V, Line 4 INVEST IN EXCELLENCE; THE SOCIETY'S ENDOWMENT FUND IS A DONOR-RESTRICTED FUND. THE FUND WAS ESTABLISHED TO FUND FUTURE SCHOLARSHIPS/BENEFITS FOR THE SOCIETY'S MEMBERS. THE FUND BALANCE IS CONSERVATIVELY INVESTED IN A MONEY MARKET FUND TO PRESERVE CAPITAL AND TO ENSURE PERPETUITY BASED ON THE DONOR RESTRICTION. TO DATE THE FUND HAS NOT GENERATED ENOUGH INVESTMENT INCOME TO FUND SCHOLARSHIPS/BENEFITS FOR MEMBERS. THE LONG-TERM PLAN FOR THE FUND IS TO ADD ADDITIONAL DONOR FUNDING AND CHANGE THE INVESTMENT MIX TO GENERATE INVESTMENT INCOME TO SUPPORT SCHOLARSHIPS/BENEFITS TO THE MEMBERSHIP. Liability for Uncertain Tax Position (ASC 740) Schedule D, 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, 2009. 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 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, 2012 and 2011. As of December 31, 2012 and 2011, there are no known items which would result in a material accrual related to uncertain foreign, federal, or state tax positions. Supplemental Description - Other Schedule D, Part XI, Line 2d TO REMOVE RELATED PARTY REVENUE REPORTED ON SEPARATE RETURN $171,786 Supplemental Description - Other Schedule D, Part XI, Line 4b COGS, INCLUDED IN EXPENSES IN AFS ($186,332) Supplemental Description - Other Schedule D, Part XII, Line 2D TO REMOVE RELATED PARTY EXPENSES REPORTED ON SEPARATE RETURN $259,866 COGS, INCLUDED IN EXPENSES IN AFS $186,332 ROUNDING $2 TOTAL TO SCHEDULE D, PART XII, LINE 2D $446,200 true North America 1 Maintaining offices 30938 East Asia and the Pacific 1 5 Maintaining offices 107623 Sub-Saharan Africa 1 3 Maintaining offices 33659 South Asia Maintaining offices 10154 North America Program Services LEADERSHIP/VOLUNTEER 349043 East Asia and the Pacific Program Services LEADERSHIP/VOLUNTEER 937096 Sub-Saharan Africa Program Services LEADERSHIP/VOLUNTEER 274797 South Asia Program Services LEADERSHIP/VOLUNTEER 48202 East Asia and the Pacific Fundraising 54819 Sub-Saharan Africa Fundraising 10521 South Asia Fundraising 5914 North America Grantmaking 31889 East Asia and the Pacific Grantmaking 26953 Sub-Saharan Africa Grantmaking 29846 South Asia Grantmaking 509 2 9 2 9 1951963 1951963 Higher Education Scholarships East Asia and the Pacific 37 26751 CHECK FMV Higher Education Scholarships North America 43 31889 CHECK FMV Higher Education Scholarships Sub-Saharan Africa 38 22801 CHECK FMV Higher Education Scholarships South Asia 1 509 CHECK FMV Higher Education Scholarships East Asia and the Pacific 1 202 CHECK FMV false false false false false false Procedure for Monitoring Use of Grant Funds Outside U.S. Schedule F, Part I, Line 2 ALL GRANTS OR SCHOLARSHIPS AWARDED OUTSIDE THE UNITED STATES ARE FIRST RECOGNIZED BY THE EMPLOYEES IN THE REGION. THE EMPLOYEE THEN REQUESTS THE APPROVAL OF THE GRANT OR SCHOLARSHIP AND THE AMOUNT FROM THE NORTH AMERICA OFFICE. ONCE APPROVED, THE NORTH AMERICA OFFICE MAINTAINS THE RECORDS. true Nat'l Assoc of Student Personnel Administrators 111 K Street NE 10th Floor Washington DC 20002 521542166 501(c ) (3 ) 15400 Cash Value HIGHER EDUCATION GRANTS: TO ENABLE THE ORGANIZATION TO PROVIDE ACADEMIC AND LEADERHSIP 1 1 Higher Education Scholarships 648 694384 Procedure for Monitoring Use of Grant Funds Inside U.S. Schedule I, 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, (IE: 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...(CONTINUED ON NEXT PAGE) (CONTINUED FROM PREVIOUS PAGE)...DOCUMENTATION BEFORE THE SCHOLARSHIP FUNDS ARE DISBURSED BY HEADQUARTERS TO THEIR RESPECTIVE UNIVERSITY, COLLEGE OR INSTITUTION. FORM 990,PART III, LINE 1 HIGHER EDUCATION SCHOLARSHIPS: SCHOLARSHIPS FOR STUDENTS ATTENDING UNIVERSITIES FOR UNDERGRADUATE AND GRADUATE LEVELS AS WELL AS PROVISION FOR BOOKS AND EDUCATIONAL SUPPLIES. X X X true true X X X X false false false false false false false false false Bradford Rainey 215535 0 0 0 0 0 0 0 5529 0 221064 0 0 0 Cedric Edmundson 149175 0 7605 0 0 0 0 0 5363 0 162143 0 0 0 Schedule J, LINE 1A FIRST CLASS OR BUSINESS TRAVEL FOR ALL INTERNATIONAL FLIGHTS OR DOMESTIC FLIGHTS GREATER THAN 5 HOURS. Schedule J, LINE 1A GYM REIMBURSEMENT FOR DIRECTORS AND ABOVE TO ASSIST WITH STRESS RELIEF FROM 60 HOUR WORK WEEKS Schedule J, LINE 1A ONE YEAR HOUSING ALLOWANCE FOR EXECUTIVE DIRECTOR'S RELOCATION FROM MEMPHIS TO ATLANTA. Other Program Services - LEADERSHIP, VOLUNTEER TRAINING & OTHER FORM 990, PART III, LINE 4D TO PROMOTE AND PROVIDE LEADERSHIP TRAINING THROUGH STUDENT-RUN CHAPTERS UNDER THE ABLE GUIDANCE OF A DEDICATED FACULTY/STAFF ADVISOR(S); INTERNATIONAL CONVENTIONS, REGIONAL CONFERENCES AND LEADERSHIP ROUNDTABLES; LOCAL, REGIONAL AND INTERNATIONAL LEADERSHIP POSITION. Form 990 Review Process FORM 990, PART VI, LINE 11B FORM 990, PART VI, SECTION B, LINE 11: AFTER THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM, GRANT THRORNTON, LLP, THE FORM IS REVIEWED BY THE CONTROLLER AND IS SUBSEQUENTLY REVIEWED BY THE CEO. ONCE THE FORM HAS BEEN EXAMINED, INCLUDING THE ACCOMPANYING SCHEDULES AND STATEMENTS, AND IS DEEMED TO THE BEST OF KNOWLEDGE AND BELIEF TO BE TRUE, CORRECT, AND COMPLETE, THE CEO/CONTROLLER ELECTRONICALLY SUBMITS THE FORM TO THE FINANCE COMMITTEE FOR A DETAILED REVIEW. THE FINANCE COMMITTEE APPROVES THE FORM 990 ON BEHALF OF THE BOARD OF DIRECTORS. UPON APPROVAL, THE CEO SIGNS AND FILES THE FORM APPROPRIATELY. Conflict of Interest Policy Monitoring & Enforcement Form 990, Part VI, Line 12c 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 FORM. Process for Determining Compensation Form 990, Part VI, Line 15a AND LINE 15B FORM 990, PART VI, SECTION B, LINE 15: 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. THE COMPENSATION COMMITTEE UTILIZES COMPARABlE DATA AND RECOMMENDS THE CEO'S COMPENSATION AMOUNT TO THE BOARD OF DIRECTORS. How Documents are Made Available to the Public Form 990, Part VI, Line 19 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. Golden Key Intl Honour Sociey Foundation 1040 Crown Pointe PkwySTE 900 Atlanta GA 30338 270748749 Investment GA 501 (c)(3) 09 NA false false false false false true false false false false false false true false false false false true false false