Golden Key International Honour Society Inc
- Assets
- $2.0m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Atlanta, GA
- Founding
- 12/1978
- Data as of
- 12/2021
- EIN
- 58-1306896
Organization Overview
Golden Key International Honour Society Inc, operating under the name Golden Key Inc, is located in Atlanta, GA. The organization was established in 1978. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. As of 12/2021, Golden Key Inc employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Key Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Golden Key Inc generated $4.0m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $3.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE PART III, LINE 1.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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 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.
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.
LEADERSHIP/VOLUNTEER TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Leitzell Executive Director | OfficerTrustee | 39 | $179,000 |
Derrick Brown Contoller | Officer | 39 | $90,000 |
Michael Sanseviro Chair | OfficerTrustee | 1 | $0 |
Gail Cole-Avent Vice Chair | OfficerTrustee | 1 | $0 |
Debra Geller Secretary | OfficerTrustee | 1 | $0 |
Gordon Zeilstra Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
True Interaction Marketing/web Services | 12/30/20 | $254,202 |
Fidelis Printing | 12/30/20 | $308,043 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $400,033 |
| Government grants | $486,269 |
| All other contributions, gifts, grants, and similar amounts not included above | $78,574 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $964,876 |
| Total Program Service Revenue | $2,458,476 |
| Investment income | $5,664 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $585,906 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $201 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,009,170 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $67,235 |
| Grants and other assistance to Foreign Orgs/Individuals | $101,493 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $294,939 |
| Compensation of current officers, directors, key employees. | $126,101 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $952,249 |
| Pension plan accruals and contributions | $22,087 |
| Other employee benefits | $126,782 |
| Payroll taxes | $70,302 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,513 |
| Fees for services: Accounting | $138,709 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $231,959 |
| Advertising and promotion | $117,561 |
| Office expenses | $390,924 |
| Information technology | $146,316 |
| Royalties | $0 |
| Occupancy | $59,760 |
| Travel | $20,079 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,280 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $155,946 |
| Insurance | $87,066 |
| All other expenses | $105,596 |
| Total functional expenses | $3,601,911 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,307,036 |
| Savings and temporary cash investments | $9,480 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $227,588 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $39,567 |
| Prepaid expenses and deferred charges | $17,786 |
| Net Land, buildings, and equipment | $219,985 |
| Investments—publicly traded securities | $208,438 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $12,504 |
| Total assets | $2,042,384 |
| Accounts payable and accrued expenses | $590,186 |
| Grants payable | $0 |
| Deferred revenue | $9,615 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $400,000 |
| Total liabilities | $999,801 |
| Net assets without donor restrictions | $823,664 |
| Net assets with donor restrictions | $218,919 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,042,384 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Golden Key International Honour Society Inc has recieved totaling $47.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $47 |
Endowment Analysis
| Beg. Balance | $178,683 |
| Earnings | $39,235 |
| Ending Balance | $217,918 |
Peer Organizations
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Eastern States Veterinary Association Inc Orlando, FL | $24,266,314 | $20,705,177 |
Alabama Education Association Inc Montgomery, AL | $11,369,391 | $16,688,773 |
Tennessee Education Association Inc Nashville, TN | $10,428,351 | $9,646,926 |
Georgia School Boards Association Inc Lawrenceville, GA | $6,628,869 | $7,234,902 |
College And University Professional Association For Human Resources Knoxville, TN | $15,862,589 | $7,812,208 |
Center For Credentialing And Education Inc Greensboro, NC | $13,101,154 | $10,633,640 |
Avondale Education Association Inc Decatur, GA | $8,429,300 | $7,595,655 |
Georgia Association Of Educators Inc Tucker, GA | $8,973,666 | $5,902,220 |
Downtown Miami Charter School Inc Miami, FL | $1,756,433 | $6,102,697 |
Florida Education Association Orlando, FL | $1,972,513 | $5,719,056 |
Manning Educational Association Manning, SC | $2,830,843 | $5,355,218 |