2012-11-14T13:37:03-06:00 2011-12-31 GRANT THORNTON LLP 1100 PEACHTREE STREET SUITE 1200 ATLANTA GA 30309 990 2011-01-01 581306896 Golden Key International Honour Society Inc % MR CEDRIC EDMUNDSON GOLD 6786892260 1040 Crown Pointe Parkway Atlanta GA 303386908 Cedric Edmundson 2012-11-15 true Jennifer FitzGerald 4043302000 2011 2016-02-24 21:20:13Z Golden Key Inc Cedric Edmundson 1040 Crown Pointe Parkway Atlanta GA 303386908 10312245 false X www.goldenkey.org X 1977 GA TO ENABLE MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMIC, LEADERSHIP AND SERVICE. 14 13 47 3000 0 6774517 6826282 271219 113911 161147 179617 2335381 3038116 9542264 10157926 485953 860254 0 0 2839329 3750542 0 0 411787 5806739 5083338 9132021 9694134 410243 463792 4660841 4499936 2779626 2154929 1881215 2345007 X TO ENABLE MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMIC, LEADERSHIP AND SERVICE. false false 1810153 UNIVERSITY ACTIVITIES: UNIVERSITY ACTIVITIES IS THE PROGRAM SERVICE ASSOCIATED WITH FUNDING AND OVERALL SUPPORT OF OVER 350 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. 3200156 STUDENT RECOGNITION: STUDENT RECOGNITION IS THE SERVICE ASSOCIATED WITH RECOGNIZING THE TOP 15% OF SOPHMORES, 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. 2504153 860254 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. 764033 LEADERSHIP, VOLUNTEER TRAINING & OTHER 764033 8278495 true true false false false false false false true true false false false true true false false false true true true 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 false true 17 0 false 47 true false true NZ AS SF CA false false false false false false false false X 14 13 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 CEDRIC EDMUNDSON 6786892200 1040 CROWN POINTE PARKWAY Atlanta GA 30338 John Mitchell 40.0 X X 295425 0 0 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 BRAD RAINEY 2.0 X 0 0 0 TRACY RYAN 1.0 X 0 0 0 ANDREW LOBO 1.0 X 0 0 0 Leigh Fox 2.0 X Gary Weed 2.0 X Cedric Edmundson 60.0 X 155025 0 0 Edward Trackman 40.0 X 221131 0 0 Melissa Leitzell 60.0 X 112628 0 0 Russell Wynne 40.0 X 151473 0 0 Bradford Rainey 60.0 X 59216 994898 0 0 10 false true false Gabriel Group 3190 Rider Trail South EARTH CITY MO 63045 Direct mail house 275936 RGI Inc 575 Commerce Park Dr MARIETTA GA 30060 Direct mail house 253505 Goldner Associates 231 Venture Circle NASHVILLE TN 37228 Merchandise vendor 220490 MediaSauce 811 West Main St Suite 200 CARMEL IN 46032 Marketing agency 208523 Mass Mutual Life Ins 1040 Crown Pointe Parkway ATLANTA GA 30338 Office Lease 200977 5 349778 6476504 6826282 MEMBER SERVICES 611710 113911 113911 113911 179617 179617 0 2254406 2254406 0 0 0 889424 154319 735105 735105 MISCELLANEOUS INCOME 611710 48605 48605 48605 10157926 897621 2434023 38248 38248 730081 730081 91925 91925 0 699474 586593 63227 49654 0 2404574 2016528 217352 170694 61647 50906 5923 4818 64956 52957 7983 4016 519891 459331 38752 21808 0 78797 55762 15410 7625 120693 63778 50601 6314 0 0 0 1276353 1113558 117400 45395 216096 177062 16926 22108 105340 75062 26241 4037 156079 136771 17675 1633 0 320347 238183 64294 17870 269666 241873 12244 15549 0 93448 81819 6228 5401 0 0 130522 99039 27077 4406 90804 68218 19935 2651 CHAPTER FUNDING 469037 469037 POSTAGE 625788 605212 18987 1589 CREDIT CARD AND BANK FEES 266666 256565 9699 402 MEALS 123627 106062 7442 10123 740075 463925 260456 15694 9694134 8278495 1003852 411787 1727214 1866895 258 0 0 0 362970 117991 0 0 0 0 1454922 1439515 164420 186053 144327 165175 1542320 954147 682574 588173 0 0 0 0 0 0 0 0 124156 136134 4660841 4499936 826376 1053941 0 0 1267719 296340 0 0 0 0 0 0 0 0 0 0 685531 804648 2779626 2154929 X 1776645 2206609 4570 38398 100000 100000 1881215 2345007 4660841 4499936 463792 X false true true X false X 5486650 4959551 6216063 7045736 6940193 30648193 388610 435153 694006 800296 889424 3207489 5875260 5394704 6910069 7846032 7829617 33855682 33855682 1903122 1605824 1567645 1670072 2434023 9180686 1903122 1605824 1567645 1670072 2434023 9180686 40682 153455 1026420 179131 48605 1448293 7819064 7153983 9504134 9695235 10312245 44484661 0.76106 0.75521 0.20638 0.20998 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false 100000 -9255 90745 100000 100000 100000 3500 3500 100000 100000 3500 3500 100000 1.00000 false false 0 446665 6776 439889 0 1095655 947371 148284 588173 0 ACCRUED COMPENSATION 306152 DEFERRED RENT 498496 804648 10157926 9694134 463792 -30646 -30646 433146 10447494 289568 289568 10157926 10157926 10014348 320214 320214 9694134 9694134 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 (IRC) and is not a private foundation within the meaning of Section 509(a) of the IRC. 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, 2008. 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, 2011 and 2010. As of December 31, 2011 and 2010, there are no known items which would result in a material accrual related to uncertain foreign, federal, or state tax positions. PART XII, LINE 2D OTHER ADJUSTMENTS TO REMOVE RELATED PARTY REVENUE REPORTED ON SEPARATE RETURN 135,249 COGS, INCLUDED IN EXPENSES IN AFS 154,319 TOTAL TO SCHEDULE D, PART XII, LINE 2D 289,568 PART XIII, LINE 2D OTHER ADJUSTMENTS TO REMOVE RELATED PARTY EXPENSES REPORTED ON SEPARATE RETURN 165,895 COST OF GOODS SOLD 154,319 TOTAL TO SCHEDULE D, PART XIII, LINE 2D 320,214 PART XI, LINE 8 OTHER ADJUSTMENTS TO REMOVE RELATED PARTY NET ASSETS REPORTED ON SEPARATE RETURN 30,646 true North America 1 Maintaining offices 32566 East Asia and the Pacific 1 5 Maintaining offices 141561 Sub-Saharan Africa 1 3 Maintaining offices 44576 North America Program Services Leadership/volunteer 366898 East Asia and the Pacific Program Services Leadership/volunteer 940776 Sub-Saharan Africa Program Services Leadership/volunteer 289481 North America Grantmaking 35469 East Asia and the Pacific Grantmaking 37473 Sub-Saharan Africa Grantmaking 18983 East Asia and the Pacific Fundraising 62721 Sub-Saharan Africa Fundraising 11510 Middle East and North Africa Program Services Leadership/volunteer 33272 Middle East and North Africa Maintaining offices 6064 2 9 2 9 2021350 2021350 X HIGHER EDUCATION SCHOLARSHIP North America 93 37323 CHECK APPRAISAL HIGHER EDUCATION SCHOLARSHIP East Asia/Pacific 89 45224 CHECK APPRAISAL HIGHER EDUCATION SCHOLARSHIP Sub-Saharan Africa 38 18983 check appraisal 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 StNE10th FlOOR WASHINGTON Washington DC 20002 521542166 501(c)(3) 14200 Cash Value HIGHER EDUCATION GRANTS: TO ENABLE THE ORGANIZATION TO PROVIDE ACADEMIC AND LEADERHSIP Higher Education Scholarships 496 730081 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 REWARDED 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. 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 true false false true false false false false true John Mitchell 116869 0 0 0 178556 0 0 0 0 0 295425 0 0 0 Cedric Edmundson 155025 0 0 0 0 0 0 0 0 0 155025 0 0 0 Edward Trackman 88262 0 102071 0 30798 0 0 0 0 0 221131 0 0 0 Russell Wynne 151473 0 0 0 0 0 0 0 0 0 151473 0 0 0 PART J, LINE 1A FIRST CLASS OR BUSINESS TRAVEL FOR ALL INTERNATIONAL FLIGHTS OR DOMESTIC FLIGHTS GREATER THAN 3 HOURS PART J, LINE 1A 1 YEAR HOUSING ALLOWANCE FOR EXECUTIVE DIRECTORS'S RELOCATION FROM MEMPHIS TO ATLANTA PART J, LINE 1A GYM REIMBURSEMENT FOR DIRECTORS AND GREATER TO ASSIST WITH STRESS RELIEF FROM 60 HOUR WORK WEEKS PART J, LINE 5A AND LINE 8 ED TRACHMAN, VP OF DEVELOPMENT POSITION WAS TERMINATED. WE ACCRUED HIS OPEN COMMISSIONS IN CURRENT YEAR 2011. THE AGREEMENT WAS PER THE COMMISSION CONTRACT 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 CFO 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/CFO ELECTRONICALLY SUBMITS THE FORM TO THE FINANCE COMMITTEE FOR A DETAILED REVIEW ON BEHALF OF THE BOARD OF DIRECTORS FOR APPROVAL. THE BOARD THEN APPROVES THE FORM BASED ON THE RECOMMENDATION FROM THE FINANCE COMMITTEE. UPON APPROVAL, THE CEO SIGNS AND MAILS 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 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. CEO COMPENSATION IS DETERMINED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS AND UTILIZES COMPARABILITY DATA. 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. 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. Golden Key Intl Honour Sociey Foundation 1040 Crown Pointe PkwySte 900 Atlanta GA 30338 270748749 Investment GA 501 (c)(3) 09 false false false false false true false false false false false true false false false false true true true