Mutual/Membership Benefit Organizations, Other

Golden Key International Honour Society, Inc.

  • Atlanta, GA
  • http://www.goldenkey.org

Mission Statement

To enable members to realize their potential through the advancement of academics, leadership and service.

Main Programs

  1. SPARK
  2. Scholarship Program
Service Areas

Self-reported

International

United States, Canada, Australia, New Zealand, South Africa, Malaysia

ruling year

1978

Executive Director

Self-reported

Mr. Brad Rainey

Keywords

Self-reported

collegiate honors organization, scholastic achievement, scholarships, education-related service

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EIN

58-1306896

 Number

0617730664

Also Known As

Golden Key

Contact

Cause Area (NTEE Code)

Mutual/Membership Benefit Organizations, Other N.E.C. (Y99)

Professional Societies & Associations (B03)

Professional Societies, Associations (Q03)

IRS Filing Requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Programs + Results

How does this organization make a difference?

Overview

Self-reported by organization

As an international honor society with more than 400 chapters at colleges and universities around the world, Golden Key is committed to a high standard of scholastic achievement, and an ethos of integrity, innovation, respect, collaboration and diversity.

Golden Key offers its members exclusive opportunities and connections through $1,000,000 in scholarships and awards, partnerships with major corporations, career advancement and graduate programs.

In 2013, Golden Key awarded over $1,000,000 in scholarships to Golden Key members around the world and Golden Key members performed over 200,000 hours of community service.

Programs

Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Program 1

SPARK

Golden Key members commit an average of 205,000 hours of service annually across the globe. With this amount of passion and enthusiasm around service in July of 2014 Golden Key launched a brand new global service initiative—SPARK a Change. Golden Key members are committed to impacting and improving the lives of at-risk youth (ages 0-17) through literacy, education and real-world preparedness. This initiative helps the next generation to discover and unlock their potential. Golden Key has a goal of raising $40,000, committing 400,000 hours of service and impacting 400,000 lives by 2017.

Category

None

Population(s) Served

None

None

None

Budget

Program 2

Scholarship Program

Golden Key annually awards over a half a million dollars in members-only scholarships and awards. To date Golden Key has awarded over $12 million dollars in scholarships and grants. Some scholarships target specific fields of study; others focus on countries or regions, affording members the luxury of studying abroad or participating in a faraway internship program. Golden Key scholarships and awards vary from $1,000 to $10,000.

Category

Population(s) Served

None

Budget

$500,000.00

Charting Impact

Self-reported by organization

Five powerful questions that require reflection about what really matters - results.

  1. What is the organization aiming to accomplish?
    Recognizing that the top 15% of collegiate sophomores, juniors, seniors and graduate students face many challenges in getting their education and achieving their goals, Golden Key provides member benefits, programs and opportunities that help current Golden Key student members as well as alumni continue to advance in their academic or professional careers. Golden Key also recognizes that our members are service-minded individuals who strive to make a positive difference in their communities and around the world. Golden Key provides an outlet to participate in service opportunities both in their local communities and around the world. Our goals are to add to and strengthen our programs in order to impact more deserving students around the world.
  2. What are the organization's key strategies for making this happen?
    Golden Key International Honour Society is making strategic investments in the following areas to enable our members to realize their potential:

    • GK Scholarship program that awards $1 million in student and alumni scholarships and awards annually
    • Offering International and Regional Summits for personal and professional development
    • SPARK a Change Global Service Program
    • Leadership Development Programs
    • Job and Internship Program
  3. What are the organization's capabilities for doing this?
    Golden Key employs more than 30 individuals in three countries to deliver on our mission to our members. Within Golden Key, we focus tremendous efforts with regards to staff and utilization of current resources to deliver these programs within budget.
  4. How will they know if they are making progress?
    • Scholarships: Annual award of $1 million dollars in scholarships per company financial statements
    • Summits: Golden Key will host global regional summits as well as yearly International Summit. The International Summit will be held outside of the United States in odd years and in the US in even years. Programs will all be completed in either year by the start of the US fall semester.
    • SPARK a Change Global Service Program – The worldwide membership goal is to raise $40,000, serve 400,000 volunteer hours and impact the lives of 400,000 at-risk youth by the GK International Summit in the summer of 2017.
    • Leadership Development – Golden Key aims to launch the first phase of the virtual leadership development program in the fall of 2015.
    • Job and Internship Program – Golden Key has a long-term plan of providing exclusive internship opportunities to students that would include housing, etc. The first phase of this program will begin in the summer of 2016.
  5. What have and haven't they accomplished so far?
    • GK Scholarships: GK has awarded $1 million dollars in scholarships and awards every year since 2011 as is reflected in Society financial reports.
    • International and Regional Summits: Golden Key hosted regional summits and an international Summit in 2014. In 2015, GK will host 5 North American Regional Summits, a South African Summit and the GK International Summit in the Gold Coast, Australia.
    • SPARK a Change Global Service Program: The SPARK program was launched in the summer of 2014 and was also incorporated as a part of the GK international chapter performance requirements. The first measures of success will be reported in December of 2014 and every 6 months thereafter.
    • Leadership Development Programs: The Leadership Development program is currently in the content development stage and will ready for testing in spring of 2015. We are still on track for a launch in the fall of 2015.
    • Job and Internship Program: Golden Key will embark on a mission of cultivating contacts to generate leads for the job and internship program. Once these contacts are established, we will then begin the business plan for an all-inclusive internship program. In the meantime, as companies reach out to Golden Key about potential internship and job opportunities, openings will be posted on a members-only portion of the GK website.
Service Areas

Self-reported

International

United States, Canada, Australia, New Zealand, South Africa, Malaysia

Social Media

External Reviews

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Financials

Financial information is an important part of gauging the short- and long-term health of the organization.

GOLDEN KEY INTERNATIONAL HONOUR SOCIETY INC
Fiscal year: Jan 01-Dec 31
Yes, financials were audited by an independent accountant.

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Operations

The people, governance practices, and partners that make the organization tick.

Golden Key International Honour Society, Inc.

Leadership

NEED MORE INFO ON THIS NONPROFIT?

Free: Gain immediate access to the following:
  • Address, phone, website and contact information
  • Forms 990 for 2014, 2013 and 2013
  • Board Chair, Board Co-Chair and Board Members
  • Access to the GuideStar Community
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Executive Director

Mr. Brad Rainey

Governance

BOARD CHAIR

Adnan Bokhari

Corporation for Enterprise Development

Term: July 2016 - July 2018

BOARD LEADERSHIP PRACTICES

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section, which enables organizations and donors to transparently share information about essential board leadership practices. Self-reported by organization

Yes

BOARD ORIENTATION & EDUCATION

Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations?

No

CEO OVERSIGHT

Has the board conducted a formal, written assessment of the chief executive within the past year?

Yes

ETHICS & TRANSPARENCY

Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year?

Yes

BOARD COMPOSITION

Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership?

Yes

BOARD PERFORMANCE

Has the board conducted a formal, written self-assessment of its performance within the past three years?


ORGANIZATIONAL DEMOGRAPHICS

In order to support nonprofits and gain valuable insight for the sector, GuideStar worked with D5—a five-year initiative to advance diversity, equity, and inclusion in philanthropy—in creating a questionnaire. This section is a voluntary questionnaire that empowers organizations to share information on the demographics of who works in and leads organizations. To protect the identity of individuals, we do not display sexual orientation or disability information for organizations with fewer than 15 staff. Any values displayed in this section are percentages of the total number of individuals in each category (e.g. 20% of all Board members for X organization are female).

Gender
Sexual Orientation

We do not display sexual orientation information for organizations with fewer than 15 staff.

Disability

We do not display disability information for organizations with fewer than 15 staff.

Diversity Strategies
No
We track retention of staff, board, and volunteers across demographic categories
No
We track income levels of staff, senior staff, and board across demographic categories
No
We track the age of staff, senior staff, and board
No
We track the diversity of vendors (e.g., consultants, professional service firms)
No
We have a diversity committee in place
No
We have a diversity manager in place
No
We have a diversity plan
No
We use other methods to support diversity