• 4 the golden key career exhibition had a positive impact on the general members of golden key as...

2016 ANNUAL REPORTW W W . G O L D E N K E Y . O R G

TABLE OF CONTENTS

MESSAGE FROM THE BOARD CHAIR .......... 2

2016 SOCIETY LEADERSHIP ...................... 3

WHAT WE STAND FOR .............................. 4

ACHIEVING IN ACADEMICS........................ 5

GUIDING BY LEADERSHIP ......................... 7

GIVING THROUGH SERVICE ........................ 9

SCHOLARSHIP AWARD WINNERS ............. 11

GOLDEN KEY SPONSORS .......................... 13

EXPANSION REPORT/GLOBAL OVERVIEW .................................. 15

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION .......................... 16

CONSOLIDATED STATEMENTSOF ACTIVITIES .......................................... 17

CONSOLIDATES STATEMENTS OF EXPENSES BY REGION ......................... 18

A MESSAGE FROM THE BOARD CHAIR

Adnan Bokhari, CPA

Board Chair

Dear Golden Key Members and Friends:

Golden Key has proudly recognized the academic excellence of our graduate

and undergraduate student members for 40 years. We were pleased to

welcome 56,111 new members, who joined the Society in 2016. Through

the advancement of academics, leadership and service, we have continued

to honor Golden Key’s mission – to enable members to realize and unlock

their potential. The Society and our members uphold those three pillars and

everything they stand for on a daily basis.

Since its founding in 1977, Golden Key has awarded more than 14 million

dollars in scholarships and awards. In 2016, deserving Golden Key members

were awarded $490,339. We were honored to have the opportunity to

continue our graduate scholarship program that provided $10,000

scholarships to exemplary student members in top postgraduate programs

around the world.

Thousands of members attended our Regional Summits and took advantage of personal and professional training

on topics that included postgraduate school preparation, job and internship searches and preparation, chapter

development skills and service project initiatives to name a few. Our International Summit was held in exciting

Las Vegas, Nevada, where some of the brightest students around the world congregated for workshops, networking

opportunities and prestigious, interesting speakers.

The Society carried out its tradition of service as Golden Key sponsored events delivered over 100,000 hours of

volunteer service globally. Golden Key continued its own global service initiative, SPARK A Change, with the goal

of impacting and improving the lives of at-risk youth through literacy, education and real-world preparedness. We

will strive to continue emphasizing the importance of performing impactful service in our communities and look

forward to taking our previous accomplishments to an even higher level in 2017.

In 2016 we added 6 new board members and elected board leadership that represented the diversity of Golden

Key’s membership. We also embarked on a strategic planning process that leverages our strengths to better serve

the Society’s members. You will find more details about Golden Key’s accomplishments for the year of 2016 inside

this report. We hope it gives insight into the various ways we are continuing to pursue our mission of enabling our

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

On behalf of the board and staff, thank you for your support and your efforts in making Golden Key a successful

and meaningful organization for its members.

w w w . g o l d e n k e y. o r g • 2

SOCIETY LEADERSHIP

ADNAN BOKHARI, C.P.A. (BOARD CHAIR)• Chief Financial Officer • CFED

GAIL COLE-AVENT, PH.D.• Executive Director, Student Life and Assessment• University of Miami

SELWYN CORNISH, AM (VICE CHAIR)• Adjunct Associate Professor• The Australian National University

EMILY COSTELLO• Vice President of Channel Relationships• Robert Half International

KATRINA DAVIS (ILC STUDENT MEMBER)• Student• Swinburne University of Technology

ALIM DHANJI• Chief People Officer• Kik Interactive

DEBRA F. GELLER, ED.D.• Associate Dean of Students• UCLA

DRIEKIE HAY-SWEMMER, PH.D.• Chief Academic Officer• EDUCOR

BRETT POWELL, ED.D.• Vice President for Finance & Administration• Henderson State University

BRAD RAINEY (EXECUTIVE DIRECTOR)• Golden Key International Headquarters

JERRY SULLIVAN• American Association of Collegiate Registrars and Admissions Officers (Retired)

HARRIET WATKINS, M.ED.• Golden Key ILC President• Director of Online Learning• The University of Arkansas System

HARRIET WATKINS, M.ED. (PRESIDENT)• The University of Arkansas System

LINDA L. NAIMI, ED.D., J.D. (VICE PRESIDENT)• Purdue University

CHRISTOPHER WALTHER, MS (SECRETARY)• Pace University - Pleasantville Campus

KATRINA NOTARMASO (ALUMNI MEMBER) • The College of New Jersey

KATRINA DAVIS (STUDENT MEMBER)• Swinburne University of Technology

DR. VERITY GREENWOOD, BA, LLB, PH.D. (ASIA-PACIFIC)• Macquarie University

CATHRINE FROESE-KLASSEN (CANADA)• The University of Winnipeg

NICOLE MSOMI (SOUTH AFRICA)• University of the Witwatersrand, Johannesburg

ELIZABETH COLON (US REGION 1)• Pace University - New York City Campus

AMANDA WILSON, MBA (US REGION 2)• American Public University System

MICHAEL L. SANSEVIRO, PH.D. (US REGION 3)• Kennesaw State University

DIANN SIMMONS (US REGION 4) • University of Massachusetts - Boston

WILLIAM WOODS (US REGION 5)• Ashford University

KATHRYN WALTERSCHEID (US REGION 6)• University of Missouri - St. Louis

NEWMAN WONG (US REGION 7)• Midwestern State University

KATHRYN CLIFFORD (US REGION 8)• California State University, Sacramento

JACOB WAUCHOPE (ASIA-PACIFIC)• Queensland University of Technology

NERISSA NAIDOO (SOUTH AFRICA)• University of KwaZulu-Natal

GLEN LOVIE (CANADA)• The University of Winnipeg

LEONORA BERISHA (US REGION 1) • Pace University - Pleasantville Campus

BRANDON HASKINS (US REGION 2)• Tennessee State University

VIVIAN ROBINSON (US REGION 3) • Golden Key International Honour Society Individual Member

AMANDA MENDOZA (US REGION 4) • Central Connecticut State University

ROXANNE THORELLI (US REGION 5) • University of Minnesota

NICHOLAS PERKINS (US REGION 6) • Southern Utah University

JALA MORROW (US REGION 7) • Jackson State University

JASON TORIKAWA-DOMINGO (US REGION 8) • University of Hawai’i - West O’ahus

BOARD OF DIRECTORS

INTERNATIONAL LEADERSHIP COUNCIL

COUNCIL OF ADVISORS

COUNCIL OF STUDENT MEMBERS

WHAT WE STAND FOR

In July 2014, Golden Key launched SPARK a Change, a new global service

initiative. The mission of SPARK a Change is to impact and improve the lives of

at-risk youth (ages 1-17) through literacy, education and real-world preparedness.

Golden Key members are service-minded individuals who strive to make a positive

difference in their communities and around the world. This initiative allows us to

bring all of our chapters together toward a common objective.

To learn more and find out how to support Golden Key, please visit:www.goldenkey.org/programs-privileges/service/

To enable members to realize their potential

through the advancement of academics,

leadership and service.

Academics, Leadership

and Service

Integrity, Collaboration, Innovation,

Respect, Diversity, Excellence and

Engagement

GOLDEN KEY MISSION

OUR PILLARS

OUR VALUES


The Golden Key Career Exhibition had a positive impact on the general members of Golden Key as

it further motivated them to continue working hard and equipped them with knowledge about the

Society. Ensuring that the General members are knowledgeable will enable them to inform others

about the society. The entire student community was motivated as they realized the importance to

not only pass, but to be exceptional because Golden Key is here to reward their academic excellence.

Golden Key joined the School of Engineering to celebrate the fourth anniversary of the Engineering

Community Summit (ECoS), in which GK UPRM has played a significant role from the beginning by

giving support and volunteering. The engineering community was invited to the all-day event consisting

of STEM-related seminars, workshop, and social activities.

About 360 students participated in this activity, including 60 high school students. From the latter, 40

participants were from the UPRM Pre-Engineering Summer Camp and 20 from the UPRM R2Deep high

school program. The selection criterion for extending such invitations for these high school students

participants is based on the level of achievement demonstrated throughout the camp and the R2Deep

Program.

The sponsored students had the opportunity to attend all plenaries and professional talks for the

participants, talk to company representatives, gain an insight of the professional role of engineers in

social issues and expand their views of the engineering career. They also participated in the specially

designed tracks for high school students.

The University of Tasmania Golden Key chapter hosted a series of events across Tasmania as part of a

wider initiative to raise awareness around depression and bullying.

These events, which were held across 3 evenings, highlighted the devastating effects that depression and

bullying can have on the lives of sufferers, their families and health professionals. Australian speaker and

author of “Mum, I wish I was dead”, Adam Schwartz, shared his journey through depression and spread

his message of hope and empowerment. Adam was joined by Chloe Cunningham, the founder of anti-

bullying organization “Angel’s Hope”, along with a number of other panellists, who each brought their

own experiences and stories to the table.

UNITED STATES

University of Puerto Rico at Mayaguez

The University of Tasmania

University of the Free State

ASIA PACIFIC

SOUTH AFRICA

ACADEMICS

Grad School Speed Dating (GSSD) was organized to promote various graduate and professional programs

on campus. It provided a chance for prospective students to chat with students who are already in the

program they are interested in.

In the informal mixer, grads and undergrads had some time at the start of the event to network amongst

each other. For the info session, after a brief introduction from the organizers, graduate students went

to their assigned stations and undergraduate students approached their tables of interest to ask their

questions about admissions, course loads, personal experiences, etc.

The chapter was able to organize and facilitate the GSSD event in a way that provided a safe, casual, low-stress environment not only for undergraduate

students to learn more about their prospective programs and meet possible contacts and mentors, but also for graduate students to share their

knowledge, program, and experiences with undergrads. Undergrads left the event with a better idea of the various programs available to them after

their degree and with at least one friendly face from each. Meanwhile, grad students were really happy to share their stories, show off their programs,

and give some advice. As an added bonus, because most of the guests were non-GK members, the GSSD event served as a great way for the rest of the

UAlberta community to learn more about what Golden Key is and what sort of events we do. And to the few GK members who were present, we were

also able to expound more and direct them on how to get involved with GK.

CANADA

University of Alberta

ACHIEVING IN ACADEMICS


LEADERSHIP

Recognizing the history of excellence that precedes Golden Key International Honour Society, I am committed to representing the

organization that shares my ambition for the bigger picture through my educational excellence. Thank you again for enabling this opportunity!

Entrepreneurs Connect: This year we took it upon ourselves to forge relationships with other societies

to promote our chapter and its activities. In line with Golden Key’s mission to enable members to realize

their potential through the advancement of academics, leadership and service, our chapter partnered

with Enactus NMMU, ABASA NMMU and BMF NMMU. The purpose was to give existing and aspiring

entrepreneurs an opportunity to connect, network and engage in discussion about issues affecting

Entrepreneurs in Port Elizabeth and South Africa as a whole. Participants were given a platform to

engage with and receive valuable advice from successful business owners on how they too can be

successful in their ventures. In addition to this and as part of the program for the event, Siyabonga

Beyile, founder and CEO of The Threaded Man gave an inspirational and informative talk focusing

on educating and inspiring young entrepreneurs. We also held a panel discussion and the topic was

“Thriving In the South African Economy as an Entrepreneur”. The event was an overall success with an

attendance of 160 people. We managed to bring together students from different societies on campus

while promoting our respective societies and strengthening the Golden Key brand.

In 2016, the University of Waikato Golden Key chapter hosted a Speed Networking event. This event

was designed to provide members with the opportunity to engage with a range of local and national

leaders from companies such as Beca, Fonterra, DATACOM, Audit NZ, Colliers, Dairy NZ and the

Waipa District Council.

On the night, members were encouraged to converse with these leaders and learn from their

experiences and knowledge. They were also asked to reflect upon how they might be able to use

their own leadership skills, as well as personal and professional skills, to enhance their journeys as

students and future leaders.

SOUTH AFRICA

ASIA PACIFIC

Nelson Mandela Metropolitan University

The University of Waikato

- Andrew Ackerman, New York Institute of Technology

GUIDING BY LEADERSHIP

One of the best events we had all year was the professional night event held in conjunction with NAHB.

NAHB is the National Association of Home Builders - an association our VP, Myles Cardenas, is

president of. The KSU chapter of NAHB is nationally recognized and won a $60,000 award to bring back

to KSU. Therefore the officers of GK thought that they had something to teach us about professional

development. Out of this came the idea of a joint LinkedIn night/Merit night. Professionals from career

development came out and talked to our members about LinkedIn - how to make one, the importance,

how to build a great profile for future employers to look at. They also talked to us about Merit, a new

way to track your resume online. In addition to this, they were able to talk about the different services

available on campus in the career services center including resume building and mock interviews. This

was also a good way for students to be able to see who their career advisor is for future career needs.

Lastly, a part of this event allowed all attendees to take a free professional headshot for their LinkedIn

profiles. Although this was not a service event, this was definitely a great way for students to network and

build the leadership skills they need to be successful leaders during and after college.

One of the unique programs our chapter offers is our highly popular Tri-Mentoring program. Upon

last year’s success, we decided to once again provide an opportunity to check in with participants

halfway through the program. We had two objectives: 1) to ensure triads were meeting participants’

expectations, and to make adjustments and invite dialogues where needed; 2) to allow mentees

to share their triad experiences with each other, for mutual growth. To balance our agenda of

mainly seated, serious conversations, our Tri-Mentoring team added lighthearted socialization to

the schedule. We began with everyone making small talk over a meal, and included various team-

building mini games that had all participants on their feet. To ensure the games were for more

than merely entertainment, our Executive team led brief conversations after each event to apply

foundations from the activities to a triad relationship.

After a roundtable discussion on participants’ triads, the conversation naturally led to a personal

sharing time. While this was not on our agenda, our team was pleased to see our members

spontaneously open up their feelings and share their experiences beyond Tri-Mentoring. To close the

night of bonding, participants kindly provided praise and feedback for the further development of

our Tri-Mentoring program.

UNITED STATES

CANADA

Kennesaw State University

University of British Columbia


Go Global Fair: This yearly event is a food-tasting extravaganza founded by Dalhousie Golden Key in

2015. The event is run in collaboration with the International Centre and various cultural societies at

Dalhousie. Students prepare food samples to share their culture in exchange for donations to support

early education for children immigrating to Canada. The money raised is donated to ISANS (Immigrant

Services Association of Nova Scotia) to support the Early Childhood Education Centre. The Go Global

Fair celebrates culture on our university campus and helps support members of our community at large

through the donations collected for ISANS.

Our chapter volunteered throughout 2016 at the Tennyson Center in Colorado that specializes in the

treatment and education of abused, neglected, and at-risk children. Volunteers meet with the children

as a person-to-person connection, fostering personal development and growth and serving as a positive

role model for the children. These events were conducted with Psi Chi, the International Honor Society

in Psychology, under the leadership of Public Relations Director Joseph Rosales (Psi Chi CU Denver

President).

Dalhousie University

University of Colorado Denver

CANADA

UNITED STATES

We decided to have a concert, with all proceeds from ticket sales going to the PSFA. The headlining act,

Opposite the Other, as well as the supporting act, Jasmine Minter, kindly accepted to play for free at

the concert. The Great Wizoo also kindly allowed us to use the venue for free. SoundOut gave us great

discounts on sound equipment rental. The sound guys, Dylan and Robert also worked for free. We

marketed the event on social media and via email. We set up a Google Form for people to reserve tickets;

they had the option of either paying by EFT or cash at the door. The event was a huge success and we

managed to sell 164 tickets and raise R8200, which is enough to feed 20 children for a year through the

PSFA feeding scheme.

University of Cape Town

SOUTH AFRICA

SERVICE

The Golden Key Victorian Alliance, in partnership with KOGO (Knit One Give One), held the

“Christmas Angel Project”, a day dedicated to wrapping Christmas gifts for disadvantaged and

refugee children.

On the day, over 3000 Christmas gifts were wrapped. These gifts were then delivered to families

and children in need of a bit of Christmas spirit. Project leader and Swinburne University of

Technology Golden Key chapter President Justine Hall was recognized for her ongoing commitment

to community service and leadership as part of this event and was awarded the “2016 Woman of

Achievement Award” from Zonta Club of Melbourne’s East. As part of this award, Justine dedicated

$1000 to the Monash Health Foundation. This money will be used to directly assist gynecology and

oncology patients at Monash Medical Centers.

ASIA PACIFIC

Victorian Alliance

GIVING THROUGH SERVICE

w w w . g o l d e n k e y. o r g • 1 0

SHERMA NOBLEWalden University

$3,000

JAMES WELLSEastern Kentucky

University$1,000

JOSE FANAQueens College

$1,000

MONTANA DIABOConcordia University

$5,000

MOHAMMED GHUZIUniversity of Alberta

$10,000

BLAIR FLICKERThe University of Texas

$10,000

RYAN DAVISIndiana University-

Bloomington$10,000

LARS KARLSTROEMUniversity of the Sunshine Coast

$5,000

MATTHEW HASBYAshford University

$1,000

I-HSIN LEECleveland State University

$10,000

ANDREW ACKERMANNew York Institute of

Technology$1,000

TINGWEI ADECKWest Texas A&M

University$1,000

BETTINA KOSCHADEConcordia University

$2,500

SHERI LYNCHUniversity of Central

Florida$1,000

MINA DELAVARCalifornia State

Northridge$10,000

ALIZA DENOBREGAFlorida State University

$10,000

CARLY HANDState University of

New York at Fredonia$5,000

MORGAN FRICKUniversity of Alabama

$1,000

CAMILLIE COLLINSThe University of Texas at

Arlington$1,000

THANKDEKA COCHRANE

University of Cape Town$10,000

ENRIQUE VARONAFlorida International

University$3,000

PHILLIPPA MURPHY-HASTE

The University of Sydney$5,000

KECIA WADDELLWayne State University

$1,000

NOE ARROYO-WILLIAMS

University of Arizona$1,000

HANNAH ISHIKAWAIndiana University of

Prudue$5,000

JULIAN RIVERA RO-DRIGUEZ

Walden University$1,000

GWENDOLYN JORDANVirginia State University

$1,000

JENNIFER HOFFMANAshford University

$1,000

2016 FEATURED SCHOLARSHIP AWARD WINNERS

JENNY GORZEGNERThe University of Montana

$10,000

TIMOTHY BABAGeorgia Institute of

Technology$1,000

VERONICA THOMASFlorida International

University$3,000

PETER LEEBrooklyn College, City University of New York$1,000 & $2,500

DOAA KHALILUniversity of Southern

Maine$1,000

JOANNA SCHEIDEGGERUnivesity of Southern

Maine$5,000

NEWMAN WONGMidwestern State

University$1,000

AGNIESZKA KULIGOWSKI

Nova Southeastern $1,000

Not Pictured

RYAN MUIStanford University

$5,000

AUDREY KIM WEI PINGThe University of Western Australia

$10,000

FRANK PIZZINI JR.Lehman College

$10,000

ALEJANDRA SALDANAUniversity of the Sunshine Coast

$1,000

ANGELICA PATTERSONDePaul University

$1,000

SHIANN WHITEBEANConcordia$5,000

JOANNA STAMPELOSUniversity of Delaware

$1,000

JEANNI SIMPSONHoward University

$10,000

LAURENCE THIRYBishopps University

$1,000

DIPELA J. MONDIUniversity of

Witwatersrand$5,000

DAI ZHANGCincinnati Christian

University$1,000 & $5,000

ALEXANDER ROUSSOSMacquarie University

$1,000

KATELYN POMROYGriffith University

$5,000

PATRICK MAYOHThe Australian National

University$5,000

PHYLLIS TANGUniversity of British

Columbia$1,000

BETHANY MARTINUniversity of the Rockies

$1,000

JAMAAL THOMASWalden University

$10,000

KENNETH PATTERSONColorado State University

Global Campus$1,000

TARA SPENCERHoward University

$5,000

PATRICK MCCAULEYUniversity of Sydney

$10,000

AURAND TOUUniversity of Waikato

$5,000

2016 FEATURED SCHOLARSHIP AWARD WINNERS

I am grateful for the generosity

of the Golden Key International

Honour Society. As a 2016

Education Debt Reduction

Scholarship winner, I am truly

overwhelmed by the weight that has been lifted. I earned

two Master’s degrees from the University of Montana, one

in Public Health and the other in Environmental Studies.

This award will go towards paying back those student loans.

Winning this award means that I will be able to increase my

work in public mental health while caring for my family.

To say that this award is life-changing would be a great

understatement. It has reduced stress and anxiety in my home

and given me the opportunity to focus on making a positive

impact in my community. It is a privilege to represent Golden

Key and all that it stands for. I am honored to be a part of the

Golden Key International Honour Society and look forward to

contributing to its success in the future. Thank you for being

such an inspiring and supportive organization!

Education Debt ReductionThe University of Montana

JENNY GORZEGNER


G o l d e n K e y S p o n s o r s

750,000 LEVEL: U.S. DOLLARS



bank of americaBank of America is headquartered in Charlotte, North Carolina, and provides a diverse

range of banking and financial services in more than 30 countries. Bank of America has

been a valued Golden Key partner since 1995 and is currently the longest-standing partner

of the Society. Through Bank of America’s generous support, Golden Key is able to award

a variety of scholarships each year.

envisionEnvision is a leading experiential education organization dedicated to enabling students of all ages

to explore their interests and gain learning experiences beyond the classroom. Since 1985, more

than 800,000 students from more than 145 countries have participated in Envision programs.

Envision partners with Golden Key in providing its highly qualified members the opportunity to

take part in the International Scholar Laureate Program (ISLP), a short-term career focused study

abroad opportunity. Due to its longstanding relationship with Golden Key, Envision is proud

to extend a limited number of scholarship awards exclusively to Golden Key members to attend

ISLP each summer. More than 1,700 Golden Key members have traveled in an ISLP delegation to

engage within the fields of medicine, nursing, engineering, business and international relations.

geicoGEICO has been helping drivers with their auto insurance needs since 1936 and is

the second-largest private passenger auto insurer in the United States. More than

33,500 members of Golden Key are GEICO policyholders. GEICO takes pride in

serving more than 16 million policyholders and the company is equally proud of the

work it does outside the office walls. GEICO’s commitment to provide outstanding

community service is no less than our goal to provide excellent customer service to our

policyholders. We support and encourage the good works being done in communities

across the country by many of our 39,000 associates. Whether it’s reading, teaching,

walking, volunteering or fundraising, GEICO associates are actively involved with

schools, disaster relief efforts, national and local charities, etc.

G o l d e n K e y S p o n s o r s

ADDITIONAL SPONSORS

graduate school partners & sponsors

corporate partners & sponsors

• Adams & Adams

• Ameriprise

• AT&T

• Australian Association of Graduate Employers

• Bain & Company

• Bank of America

• Bank of Montreal

• Better World Books

• Brandhouse

• CPA Australia

• Discover Financial Services

• Dream Careers

• Education Dynamics

• EF Tours

• Envision EMI

• GEICO

• Grad Flowers

• Investec

• Johnson Inc.

• Leaderex

• Lenovo

• LifeMart

• Meltwater Group

• Merrill Lynch

• Money 101

• NASA Federal Credit Union

• Nedbank

• Oasis Group Holdings

• QS Quacquarelli Symonds

• Sant’Anna Institute

• Startup Institute

• Student Village

• Teach Me 2

• The Intern Group

• The Princeton Review

• The South African Brewery

• Ticket Monster

• Universum Global

• Vault

• CareerEco

• IE Business School

• Grad School Match

• Hult

• Katz Graduate School of Business

• Rotman School Of Management

• York University’s Schulich School of Business

“Experiences like the service activities offered through

Golden Key leave an indelible mark on the thinking of

the bright young people that join. Involvement in the

activities of the GK chapters helps to imbue in members

the ethos of service, the importance of leadership,

and the beauty of enriching their minds through their

academic excellence. There are few organizations that

provide all three of these opportunities even as they

network with the future leaders of the world.”

- Dr. Derek SwemmerFormer Board Vice Chair


2016 GLOBAL OVERVIEW

2016 service hours

2016 scholarships by country (usd)

2016 global number of chapters

ASIA PACIFIC

5,123NORTH AMERICA

66,193SOUTH AFRICA

9,682TOTAL

80,998

CANADA: 20 MALAYSIA: 3 NEW ZEALAND: 2AUSTRALIA: 25 UNITED STATES: 324SOUTH AFRICA: 15

“It is immensely rewarding for me to be involved with so many great students who are

performing at such a high level and doing outstanding things around the world.”

- Brad Rainey, Executive Director

$32,209.50

TOTAL: $490,338.66$314,351.98

$69,751.40

$74,025.78

assets• Current assets: • Cash and cash equivalents ...................................................................$ 1,500,276 ....................................................................$ 1,741,975 • Term Deposits ....................................................................................... 0 .................................................................... 0 • Dues Receivable .................................................................................... 17,340 .................................................................... 14,670 • Accounts receivable .............................................................................. 108,127 .................................................................... 86,054 • Investments, at fair value ..................................................................... 5,679,986 .................................................................... 5,439,576 • Inventories ............................................................................................ 82,951 .................................................................... 100,925 • Prepaid expenses .................................................................................. 290,753 .................................................................... 182,921

TOTAL CURRENT ASSETS ............................................................................... 7,679,433 .................................................................... 7,566,121

• Fixed assets, net of accumulated depreciation and amortization of $1,899,369 and $1,654,596 for 2016 and 2015 respectively .................... 685,914 .................................................................... 810,791• Investments – Invest in Excellence, at fair value ...................................... 109,296 .................................................................... 97,752• Deposits .................................................................................................... 34,549 .................................................................... 53,246

TOTAL ASSETS ...............................................................................................$ 8,509,192 ....................................................................$8,527,910

liabilities and net assets • Current liabilities: • Accounts payable ..................................................................................$ 652,576 ....................................................................$ 673,863 • Accrued compensation .......................................................................... 116,918 .................................................................... 132,996 • Other accrued expenses ........................................................................ — .................................................................... — • Deferred rent ......................................................................................... 79,031 .................................................................... 71,823 • Deferred revenue ................................................................................... 242,138 .................................................................... 245,903

TOTAL CURRENT LIABILITIES ......................................................................... 1,090,663 .................................................................... 1,124,585

• Deferred rent, net of current portion ...................................................... 238,150 .................................................................... 317,180 • Sublease tenant deposits ...................................................................... 33,804 .................................................................... 33,804

TOTAL LIABILITIES ......................................................................................... 1,362,617 .................................................................... 1,475,569

• Net assets: • Unrestricted .......................................................................................... 7,011,278 .................................................................... 6,923,498 • Temporarily restricted ........................................................................... 35,297 .................................................................... 28,843 • Permanently restricted .......................................................................... 100,000 .................................................................... 100,000

TOTAL NET ASSETS ........................................................................................ 7,146,575 .................................................................... 7,052,341

TOTAL LIABILITIES AND NET ASSETS .............................................................$ 8,509,192 ....................................................................$ 8,527,910

2016 2015

2016 CONSOLIDATED STATEMENTS OF FINANCIAL POSITION


support and revenue• Membership dues ..........................................................................$ 4,405,675 $ — $ — $ 4,405,675 • Member services ........................................................................... 908,993 — — 908,993• Corporate sponsorships contributions,

and contributions in kind .............................................................. 119,776 43,801 — 163,577• Royalties ....................................................................................... 1,145,193 — — 1,145,193• Investment gains and losses, net ................................................. 449,735 11,544 — 461,279• Other ............................................................................................. 228,550 — — 228,550• Net assets released from restrictions ............................................ 48,891 -48,891 — 0

TOTAL SUPPORT AND REVENUES ....................................................... 7,306,813 6,454 — 7,313,267

program expenses• Student recognition ....................................................................... 2,279,147 — — 2,279,147• University activities ...................................................................... 1,542,908 — — 1,542,908• Member benefits ........................................................................... 1,499,980 — — 1,499,980• Leadership/volunteer training ....................................................... 837,160 — — 837,160

TOTAL PROGRAM EXPENSES .............................................................. 6,159,195 — — 6,159,195

fundraising and generaladministrative expenses• Fundraising ................................................................................... 418,814 — — 418,814• General and administration .......................................................... 641,024 — — 641,024

TOTAL FUNDRAISING AND GENERAL AND ADMINISTRATIVE EXPENSES ...................................................... 1,059,838 — — 1,059,838

TOTAL EXPENSES ............................................................................... 7,219,033 — — 7,219,033

CHANGE IN NET ASSETS .................................................................... 87,870 6,454 — 94,234

NET ASSEST, BEGINNING OF YEAR..................................................... 6,923,498 28,843 100,000 7,052,341

NET ASSETS, END OF YEAR ................................................................$ 7,011,278 $ 35,297 $ 100,000 $ 7,146,575

UNRESTRICTED TEMPORARILY PERMANENTLY NET ASSETS RESTRICTED NET ASSESTS RESTRICTED NET ASSESTS 2016 TOTAL

2016 CONSOLIDATED STATEMENTS OF ACTIVITIES

2016 CONSOLIDATED STATEMENTS OF EXPENSES BY REGION

australia

new zealand

2016 revenue by regiongk foundation

overall program expenses

canada

south africa

india

united states

Student Recognition .............................$ 232,018

University activities.............................. 284,162

Membership benefits ............................ 66,933

Leadership/Volunteer training .............. 59,006

TOTAL PROGRAM .................................. 642,119Fundraising .......................................... 21,927

G&A ................................................... 52,990

TOTAL FUNDRAISING & G&A ................. 74,917TOTAL ALL PROGRAM EXPENSES ..........$ 717,036




Leadership/Volunteer training .............. 360

TOTAL PROGRAM .................................. 18,243Fundraising .......................................... 0

G&A .................................................... 190

TOTAL FUNDRAISING & G&A ................. 190TOTAL ALL PROGRAM EXPENSES ..........$ 18,433

Australia ................................................................................ $ 768,746

Canada .................................................................................. 330,821

India ...................................................................................... 80

New Zealand .......................................................................... 58,246

South Africa ........................................................................... 480,206

United States ........................................................................ 5,434,958

GK Foundation ....................................................................... 390,289

TOTAL REVENUE ..................................................................... $ 7,463,346

Student Recognition ............................................................... $ —

University activities................................................................ —

Membership benefits .............................................................. —

Leadership/Volunteer training ................................................ —

TOTAL PROGRAM .................................................................... —Fundraising ............................................................................ —

G&A ...................................................................................... 10,000

TOTAL FUNDRAISING & G&A ................................................... 10,000TOTAL ALL PROGRAM EXPENSES ............................................ $ 10,000

Total Program ......................................................................... $ 6,159,195

Total Fundraising and G&A..................................................... 1,059,731

Total Expenses........................................................................ $ 7,218,926






G&A ................................................... 12,184







G&A .................................................... 24,404


Student Recognition .............................$ 0

University activities.............................. 0

Membership benefits ............................ 0


TOTAL PROGRAM .................................. 1,010Fundraising .......................................... 0

G&A ................................................... 0

TOTAL FUNDRAISING & G&A ................. 0

TOTAL ALL PROGRAM EXPENSES ..........$ 1,010

Student Recognition ..........................$ 1,815,410

University activities........................... 1,083,362

Membership benefits ......................... 1,364,931

Leadership/Volunteer training ........... 731,332

TOTAL PROGRAM ............................... 4,995,035Fundraising ....................................... 373,268

G&A ................................................. 551,149

TOTAL FUNDRAISING & G&A .............. 924,417TOTAL ALL PROGRAM EXPENSES .......$ 5,919,452


Golden Key International Headquarters

1040 Crow n Pointe Parkway, Suite 900

Atlanta, Georgia 30338

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