2011-11-11T12:59:37-06:00 2010-12-31 FRAZIER & DEETER LLC 600 PEACHTREE STREET SUITE 1900 ATLANTA GA 30308 990 2010-01-01 581306896 GOLDEN KEY INTERNATIONAL HONOUR SOCIETY INC GOLD 6786892260 1040 CROWN POINTE PARKWAY NO 900 ATLANTA GA 303386908 CEDRIC EDMUNDSON 6786892200 2011-11-09 1 FRANK KIMLER 4042537500 2010 2016-02-24 21:20:13Z CEDRIC EDMUNDSON 1040 CROWN POINTE PARKWAY NO 900 ATLANTA GA 303386908 9695235 0 X WWW.GOLDENKEY.ORG X 1977 GA TO ENABLE MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMIC, LEADERSHIP AND SERVICE. 14 13 41 3000 0 0 5965419 6774517 250644 271219 132945 161147 3040547 2335381 9389555 9542264 5716467 485953 0 0 2657805 2839329 0 0 321528 5089871 5806739 13464143 9132021 -4074588 410243 5495507 4660841 4024540 2779626 1470967 1881215 X TO ENABLE MEMBERS TO REALIZE THEIR POTENTIAL THROUGH THE ADVANCEMENT OF ACADEMIC, LEADERSHIP AND SERVICE. 0 0 2051806 2641879 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 WITHIN THE CHAPTER MODEL, 4) MENTORING ACTIVITIES FOR BOTH ADVISORS AND STUDENTS, AND 5) PROMOTING SERVICE ACTIVITIES AT THE LOCAL LEVEL. 3030714 3902308 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, RECUITING ACCREDITED UNIVERSITIES GLOBALLY TO JOIN THE GOLDEN KEY NETWORK AND FURTHER THE MISSION BY OFFERING ACADEMIC EXCELLENCE, MEMBER BENEFITS, SERVICE AND LEADERSHIP. 2195947 2998078 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 ABOARD, 9) JOBS AND INTERNSHIPS, AND 10) DISCOUNTED PROGRAMS. 791575 LEADERSHIP, VOLUNTEER TRAINING & OTHER: 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 POSITIONS. 791575 8070042 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 X 98 0 0 41 0 0 1 AS NZ SF CA 0 0 0 0 0 0 X 14 13 0 0 0 0 1 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 GA X X MR CEDRIC EDMUNDSON 6786892200 1040 CROWN POINTE PARKWAY SUITE 900 ATLANTA GA 30338 JOHN MITCHELL 50.00 X X X X 245436 0 25364 WILLIAM ASBURY 2.00 X 0 0 0 STEPHEN GROSS 1.00 X 0 0 0 JERRY SULLIVAN 2.00 X 0 0 0 CECILIA MANRIQUE 2.00 X 0 0 0 ANITA MILLER 2.00 X 0 0 0 DEREK SWEMMER 1.00 X 0 0 0 PETER VERUKI 1.00 X 0 0 0 SELWYN CORNISH 1.00 X 0 0 0 TEVOR NELSON 2.00 X 0 0 0 EMILY COSTELLO 1.00 X 0 0 0 BRAD RAINEY 2.00 X 0 0 0 TRACY RYAN 1.00 X 0 0 0 ANDREW LOBO 1.00 X 0 0 0 EDWARD TRACKMAN 50.00 X X X 169716 0 0 CEDRIC EDMUNDSON 50.00 X X X 151871 0 0 RUSSELL WYNNE 50.00 X X 135120 0 0 702143 0 25364 4 0 1 0 GABRIEL GROUP 3190 RIDER TRAIL SOUTH EARTH CITY MO 63045 DATA MANAGEMENT 683712 DATACORE RESOURCE GROUP INC 9040 SHAUGHNESSY STREET VANCOUVER BRITISH COLUMBIA CA V6P6E5 DATA MANAGEMENT 252960 LBI ATLANTA LLC 1888 EMERY STREET SUITE 400 ATLANTA GA 30318 WEBDESIGN AND IT SUPPORT 221900 TECHBRIDGE INC 1100 JOHNSON FERRY ROAD SUITE 670 ATLANTA GA 30342 ADVISORY SERVICES 131721 CUSTOMER EFFECTIVE 25 EAST COURT ST SUITE 401 GREENVILLE SC 29601 SOFTWARE CONSULTANTS 110717 5 386015 6388502 63333 6774517 MEMBER SERVICES 611710 271219 271219 271219 166322 166322 1500180 1500180 3570 8745 -5175 -5175 -5175 800296 144226 656070 656070 MISCELLANEOUS INCOME 611710 162481 162481 MINIMUM PENSION LIABIL 611710 16650 16650 179131 9542264 1101245 0 1666502 41625 41625 367137 367137 77191 77191 727507 571175 156332 1585514 1363745 66395 155374 56178 41105 9176 5897 470130 415787 33072 21271 46587 5501 30561 10525 65100 63239 1861 236474 227985 7937 552 735877 653449 64610 17818 534680 463991 37710 32979 50327 34753 12235 3339 143394 120937 17633 4824 256367 177078 61230 18059 661908 623413 27765 10730 388130 356240 19318 12572 54751 51177 3574 865488 865488 120912 91063 25105 4744 80417 60501 16729 3187 RECRUITING 380701 380701 0 0 POSTAGE 366549 355104 10167 1278 PRINTING 366378 361757 4599 22 MEALS 130587 114380 12170 4037 TELEPHONE 117498 99021 13630 4847 204614 149738 47264 7612 9132021 8070042 740451 321528 2125642 1727214 807206 258 384960 362970 1480115 1454922 38927 164420 177794 144327 1503798 821224 102107 682574 153177 225579 124156 5495507 4660841 707976 826376 2417939 1267719 898625 685531 4024540 2779626 X 1294417 1776645 76550 4570 100000 100000 1470967 1881215 5495507 4660841 X 410243 5 X X 0 1 1 X 0 X 4985041 5486650 4959551 6216063 7045736 28693041 417022 388610 435153 694006 800296 2735087 5402063 5875260 5394704 6910069 7846032 31428128 0 0 0 31428128 1991832 1903122 1605824 1567645 1670072 8738495 1991832 1903122 1605824 1567645 1670072 8738495 48903 40682 153455 1026420 179131 1448591 7442798 7819064 7153983 9504134 9695235 41615214 0.75520 0.73850 0.21000 0.22880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1 100000 100000 100000 3500 3500 100000 100000 3500 3500 100000 0.98110 0 0 446665 5832 440833 1057133 815392 241741 682574 ACCRUED COMPENSATION 250731 DEFERRED RENT 434800 685531 9542264 9132021 410243 5 5 410248 9885889 210875 210875 9675014 -132750 -132750 9542264 9437726 305705 305705 9132021 0 9132021 PART IV, LINE 2B: THE SOCIETY'S ENDOWMENT FUNDS ARE CLASSIFIED INTO THREE SEPARATE FUNDS: THE RETIREMENT FUND, THE SCHOLARSHIP FUND, AND THE INVEST IN EXCELLENCE FUND. THE RETIREMENT AND SCHOLARSHIP FUNDS ARE BOARD-DESIGNATED ENDOWMENT FUNDS AND THE INVEST IN EXCELLENCE FUND IS A DONOR-RESTRICTED ENDOWMENT FUND. THE SCHOLARSHIP FUND IS SET ASIDE FOR CURRENT AND FUTURE SCHOLARSHIPS, USES A TOTAL RETURN INVESTMENT APPROACH TO MAINTAIN PURCHASING POWER, AND ALLOWS FOR $270,000 IN ANNUAL SPENDING. 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. 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 ACCOUNT. THE BOARD OF DIRECTORS IMPOSED A SAFETY RESERVE LEVEL OF $4,000,000, AND THIS LEVEL IS REVIEWED ANNUALLY. IN 2009, THE BOARD-DESIGNATED, UNRESTRICTED ENDOWMENT FUNDS WERE TRANSFERED TO A RELATED ORGANIZATION, GOLDEN KEY INTERNATIONAL HONOUR SOCIETY FOUNDATION, INC. (EIN# 27-0748749) WHOSE SOLE PURPOSE IS TO HOLD AND INVEST THE ENDOWMENT FUNDS THAT CURRENTLY BELONG TO GOLDEN KEY IN ORDER TO ENSURE THOSE FUNDS ARE WISELY INVESTED AND PROTECTED. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2007. 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, 2010 AND 2009. AS OF DECEMBER 31, 2010 AND 2009, THERE ARE NO KNOWN ITEMS WHICH WOULD RESULT IN A MATERIAL ACCRUAL RELATED TO WHERE THE SOCIETY HAS UNCERTAIN FOREIGN, FEDERAL, OR STATE TAX POSITIONS. PART XI, LINE 8 - OTHER ADJUSTMENTS: ROUNDING ADJUSTMENT 5. PART XII, LINE 2D - OTHER ADJUSTMENTS: TO REMOVE RELATED PARTY REVENUE REPORTED ON SEPARATE RETURN 210,870. ROUNDING ADJUSTMENT 5. PART XII, LINE 4B - OTHER ADJUSTMENTS: COST OF GOODS SOLD -144,226. MINIMUM PENSION LIABILITY 16,650. LOSS ON DISPOSAL OF ASSETS INCLUDED IN EXPENSES ON AFS -5,174. PART XIII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 144,226. TO REMOVE RELATED ENTITY EXPENSES REPORTED ON SEPARATE RETURN 156,304. LOSS ON DISPOSAL OF ASSETS INCLUDED IN EXPENSES ON AFS 5,174. ROUNDING ADJUSTMENT 1. UNREALIZED LOSSES ON INVESTMENTS - ACCORDING TO THE AUDITED FINANCIAL STATEMENTS WHICH WERE PREPARED IN ACCORDANCE WITH THE ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES AND SFAS NO. 124, "ACCOUNTING FOR CERTAIN INVESTMENTS HELD BY NOT-FOR-PROFIT ORGANIZATIONS", INVESTMENTS ARE CARRIED AT QUOTED MARKET VALUE. THESE UNREALIZED LOSSES ARE NOT RECOGNIZED NOR REPORTED ON THE FORM 990. 1 CANADA 0 1 FUNDRAISING, PROGRAM SERVICES, GENERAL AND ADMINISTRATIVE, GRANTS TO RECIPIENTS LOCATED IN REGION MEMBERSHIP RECRUITMENT, CHAPTER RELATIONS, MEMBER BENEFITS, LEADERSHIP/VOLUNTEER TRAINING 454958 AUSTRALIA 1 5 FUNDRAISING, PROGRAM SERVICES, GENERAL AND ADMINISTRATIVE, GRANTS TO RECIPIENTS LOCATED IN REGION MEMBERSHIP RECRUITMENT, CHAPTER RELATIONS, MEMBER BENEFITS, LEADERSHIP/VOLUNTEER TRAINING 831324 NEW ZEALAND 0 0 PROGRAM SERVICES, GENERAL AND ADMINISTRATIVE, GRANTS TO RECIPIENTS LOCATED IN REGION MEMBERSHIP RECRUITMENT, CHAPTER RELATIONS, MEMBER BENEFITS, LEADERSHIP/VOLUNTEER TRAINING 34314 SOUTH AFRICA 1 3 FUNDRAISING, PROGRAM SERVICES, GENERAL AND ADMINISTRATIVE, GRANTS TO RECIPIENTS LOCATED IN REGION MEMBERSHIP RECRUITMENT, CHAPTER RELATIONS, MEMBER BENEFITS, LEADERSHIP/VOLUNTEER TRAINING 323253 9 0 9 1643849 0 1643849 X HIGHER EDUCATION SCHOLARSHIP CANADA 39 19749 CHECK APPRAISAL FROM REGISTRAR HIGHER EDUCATION SCHOLARSHIP SOUTH AFRICA 42 34851 CHECK APPRAISAL FROM REGISTRAR HIGHER EDUCATION SCHOLARSHIP AUSTRALIA 35 22229 CHECK APPRAISAL FROM REGISTRAR HIGHER EDUCATION SCHOLARSHIP NEW ZEALAND 2 361 CHECK APPRAISAL FROM REGISTRAR 0 0 0 0 0 0 PROCEDURE FOR MONITORING GRANTS OUTSIDE THE 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. METHOD USED TO ACCCOUNT FOR EXPENDITURES: SCHEDULE F, PART I, LINE 3: ACCRUAL 1 NATIONAL ASSOCIATION OF STUDENT PERSONNEL ADMINISTRATORS 111 K STREET NE 10TH FLOOR WASHINGTON DC 20002 521542166 501(C)(3) 14200 HIGHER EDUCATION GRANTS: TO ENABLE THE ORGANIZATION TO PROVIDE ACADEMIC AND LEADERSHIP PROGRAMS. 1 1 HIGHER EDUCATION SCHOLARSHIPS: SCHOLARSHIPS FOR STUDENTS ATTENDING UNIVERSITIES FOR UNDERGRADUATE AND GRADUATE LEVELS AS WELL AS PROVISION FOR BOOKS AND EDUCATIONAL SUPPLIES. 696 367137 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: 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. OTHER INFORMATION: PART IV: DURING THE YEAR ENDED DECEMBER 31, 2009, THE SOCIETY INCORPORATED A NEW NONPROFIT ORGANIZATION, THE GOLDEN KEY INTERNATIONAL HONOUR SOCIETY FOUNDATION, INC. (EIN #27-0748749). IN DECEMBER 2009, THE UNITED STATES BRANCH OF THE SOCIETY GRANTED ITS INVESTMENTS TO THE FOUNDATION IN ORDER TO SEGREGATE ITS INVESTMENTS FROM SOCIETY OPERATIONS TO ENSURE THAT 1) THE SOCIETY'S PRIMARY PURPOSE IS NOT BEING HINDERED BY ANY FOCUS ON AN INVESTMENT PORTFOLIO AND 2) THE FOUNDATION WILL BE ABLE TO DEVOTE ADDITIONAL TIME TO FURTHER THE INVESTMENT PORTFOLIO RETURN IN ORDER TO RECOGNIZE AND ENCOURAGE SCHOLASTIC ACHIEVEMENT AND EXCELLENCE IN ALL UNDERGRADUATE FIELDS OF STUDY, TO UNITE WITH COLLEGE FACULTY AND ADMINISTRATORS IN DEVELOPING AND MAINTAINING HIGH UNDERGRADUATE STANDARDS OF EDUCATION, TO PROVIDE ECONOMIC ASSISTANCE TO OUTSTANDING MEMBERS BY MEANS OF ANNUAL SCHOLARSHIPS, TO PROMOTE ALTRUISTIC CONDUCT THROUGH VOLUNTARY SERVICE, AND TO PROVIDE CAREER ASSISTANCE TO MEMBERS. X X 1 1 X X X X 0 0 0 0 0 0 0 0 0 JOHN MITCHELL 220436 0 25000 0 0 0 0 0 25364 0 270800 0 345051 0 EDWARD TRACKMAN 145277 0 24439 0 0 0 0 0 0 0 169716 0 105427 0 CEDRIC EDMUNDSON 151871 0 0 0 0 0 0 0 0 0 151871 0 146447 0 PART I, LINE 1A BREAKDOWN OF OTHER REPORTABLE COMPENSATION: CAR ALLOWANCE: $ 10,200 MEDICAL/SUPPLEMENTAL INSURANCE: 15,164 TOTAL: $ 25,364 X 1 38270 FMV RENT CALC PER SQFT X SPONSORSHIP 1 4290 FMV OF CONFERENCE X HOTEL STAY AND RESORT SERVICES 1 12922 FMV HOTEL RATES AND ADDITIONAL SERVICES X LEGAL AND CONSULTING 1 7851 FMV OF SERVICES CALC @ FIRM BILLING RATES 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 THE SOCIETY HAS MEMBERS WHO HAVE BEEN RECOGNIZED FOR THEIR SCHOLASTIC ACHIEVEMENT AND EXCELLENCE. THE MEMBERS OF THE SOCIETY DO NOT RETAIN VOTING RIGHTS TO ELECT THE GOVERNING BODY NOR ARE THE DECISIONS OF THE GOVERNING BODY SUBJECT TO THE APPROVAL BY MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 AFTER THE FORM 990 IS PREPARED BY AN OUTSIDE CPA FIRM, FRAZIER & DEETER, LLC, 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. 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. 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. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: ROUNDING ADJUSTMENT 5. TOTAL TO FORM 990, PART XI, LINE 5: 5. FORM 990, PART XI, LINE 2C, COMMITTEE FOR THE OVERSIGHT OF THE AUDIT: THE ORGANIZATION HAS IN PLACE A FINANCE COMMITTEE COMPRISED OF INDEPENDENT DIRECTORS AND THE CFO. THIS COMMITTEE OVERSEES THE ANNUAL AUDIT OF THE FINANCIAL STATEMENTS AND ANNUALLY ENGAGES AN INDEPENDENT AUDITOR. THE INDEPENDENT AUDITOR REPORTS DIRECTLY TO THE AUDIT COMMITTEE, AND THE AUDIT COMMITTEE REPORTS DIRECTLY TO THE BOARD OF DIRECTORS. GOLDEN KEY INTERNATIONAL HONOUR SOCIETY FOUNDATION INC 1040 CROWN POINTE PARKWAY SUITE 900 ATLANTA GA 30338 270748749 TO HOLD AND INVEST FUNDS ENSURING THOSE FUNDS ARE INVESTED AND PROTECTED GA 501(C)(3) LINE 9 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 GOLDEN KEY INTERNATIONAL HONOUR SOCIETY FOUNDATION INC Q 1500000 GOLDEN KEY INTERNATIONAL HONOUR SOCIETY FOUNDATION INC R 1875000