G K I H S 2014 Annual Report · 2019. 7. 11. · In July 2014, Golden Key launched SPARK a Change, our new global service initiative. The mission of SPARK a Change is to impact and

w w w . g o l d e n k e y . o r g

Golden Key International Honour Society

2014 Annual Report

A MESSAGE FROM THE BOARD CHAIR

www.goldenkey.org • 1

TABLE OF CONTENTS

1 • www.goldenkey.org

MESSAGE FROM THE BOARD CHAIR 2

2014 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

CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 15

CONSOLIDATED STATEMENTS OF ACTIVITIES 16

CONSOLIDATED STATEMENTS OF EXPENSES BY REGION 17

EXPANSION REPORT/ GLOBAL OVERVIEW 18

TABLE OF CONTENTS


Dear Golden Key Members and Friends:Over the past 37 years, Golden Key has proudly recognized the academic achievements

of over 10 million exemplary graduate and undergraduate students, including 60,422

new members who joined the Society in 2014. The mission of Golden Key is to enable

members to realize their potential and we believe this can be accomplished through the

advancement of academics, leadership and service. Golden Key continues to align itself

and everything it stands for around its three pillars.

Golden Key has awarded more than 11 million dollars in scholarships and awards since

its founding. In 2014, Golden Key awarded over $1,000,000 to 812 members. We were

thrilled to be able to continue our graduate scholarship program that provided $10,000

scholarships to twenty-nine excellent student members in top postgraduate programs around the world.

Our Regional Summits last year provided personal and professional training to thousands of attendees. Members were trained on

topics that included: job/internship searches, postgraduate school preparation, chapter development skills, personal development and

service project initiatives. Our International Summit was held in Boston, MA and brought 700+ members from around the world

together for professional development workshops, exciting and prestigious speakers and networking opportunities.

Our tradition of service was advanced as Golden Key sponsored events delivered over 108,000 hours of volunteer service around the

world. Golden Key also launched SPARK a Change, our own global service initiative with the goal of impacting and improving the lives

of at-risk youth through literacy, education and real-world preparedness. We will continue to emphasize the importance of performing

impactful service to our communities and strive to take this great accomplishment to an even higher level in 2015.

Within this report, you will find more details about Golden Key’s other accomplishments and how 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.

Sincerely,

Anita J Miller, Ed.D.

Board Chair




BOARD OF DIRECTORSSelwyn Cornish, AM (Secretary) » Adjunct Associate Professor » Australian National University

Emily Costello » Vice President of Channel Relationships » Robert Half International

Leigh Fox » Chief Financial Officer » Cincinnati Bell

Andrew Lobo » Director of Talent Management » The Coca-Cola Company

Bobbi Capps » ILC Student Member » Metropolitan State University of Denver

Anita J. Miller, Ed.D. (Vice Chair) » Associate Vice Chancellor for Academic Affairs » University of Massachusetts Boston

Bradford Rainey » Executive Director » Golden Key International Honour Society

Jerry Sullivan » Retired: Executive Director » American Association of Collegiate Registrars

and Admissions Officers

Derek Swemmer, D Litt et Phil. (Chair) » Registrar » The University of the Free State

Peter Veruki » Retired: Director, Corporate Relations » Vanderbilt University, Owen Graduate School of

Management

Harriet Watkins, M.Ed. » ILC President » Director of Online Learning » The University of Arkansas System

Gary Weed » Retired: Vice President » ExxonMobil

INTERNATIONAL LEADERSHIP COUNCILHarriet Watkins, M.Ed. (President) » Director of Online Learning » The University of Arkansas System

Linda L. Naimi, Ed.D./J.D. (Vice President) » Associate Program Head » Associate Professor » Technology Leadership & Innovation » Purdue University

J. Ryck Luthi (Secretary) » Associate Director » The University of Utah

Bobbi Capps (Student Member) » Metropolitan State University of Denver

Laura Molyneaux (Alumni Member) » University of Massachusetts Amherst

COUNCIL OF ADVISORSLinda L. Naimi, Ed.D./J.D. (Chair) » Associate Program Head » Associate Professor » Technology Leadership & Innovation » Purdue University

Glenda Campbell-Evans, Ed.D. (Asia-Pacific) » Associate Dean of International CSESS » Edith Cowan University

Bruce M. Shore, Ph.D. F-AERA (Canada) » Professor of Educational and Counselling

Psychology » McGill University

Charl Cilliers (South Africa) » Director: Centre for Student Counselling and

Development » Professor » Stellenbosch University

Christopher Walther, MS (US Region 1) » Academic Services Coordinator, College of

Health Professions » Adjunct Assistant Professor of Psychology » Pace University, Pleasantville

Jeff Fox, M.A. (US Region 2) » Academic Advisor, College of Informatics » Instructor, Communication » Northern Kentucky University

F. Lynn Hamric (US Region 3) » Administrative Assistant » University of Alabama

Dawn M. Long (US Region 4) » Office Coordinator and Graduate Secretary,

Department of Biomedical and Chemical Engineering

» Syracuse University

Jean Ann Miller, M.S.W. (Region 5) » Director of The Center for Student Activities &

Leadership Development » Oakland University

Dan P. Bumblauskas, Ph.D. (US Region 6) » Assistant Professor & Hamilton/ESP

International Fellow for Supply Chain Logistics & Management

» University of Northern Iowa

Hal Miller, Ph.D. (US Region 6) » Professor of Psychology » Brigham Young University

Tiffanie Douglas, M.S. (US Region 7) » Program Coordinator - Student Success Center » The University of Texas at Dallas

Emily Nudge (US Region 8) » Academic Advisor » Bourns College of Engineering, University of

California, Riverside

COUNCIL OF STUDENT MEMBERS Bobbi Capps (Chair) » Metropolitan State University of Denver

Timothy Ng (Asia Pacific) » University of Waikato

Nerissa Smith (South Africa) » University of the Western Cape

Azin Zanganeh (Canada) » York University

Nicole Marte (US Region 1) » New Jersey City University

Ian Anderson (US Region 2) » The University of North Carolina at Charlotte

Kelvin Chavez (US Region 3) » The University of Puerto Rico at Mayaguez

Urmimala Chaudhuri (US Region 4) » Wright State University

Zenobia Bey (US Region 5) » DePaul University

Billy Gurr (US Region 6) » Metropolitan State University of Denver

Bradley Mason (US Region 7) » Mississippi State University

Kellie Rollins (US Region 8) » University of California, Los Angeles

2014 SOCIETY LEADERSHIP


In July 2014, Golden Key launched SPARK a Change, our new global service initiative. The mission of SPARK a Change is to impact and improve the lives of at-risk youth (ages 0-17) 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 our chapters together towards a common objective. By 2017, Golden Key aims to raise $40,000, dedicate 400,000 hours of

service and impact 400,000 lives in local communities & around the world.

Before International Summit 2017, there will be a collaborative effort to choose a program or organization that corresponds with SPARK a Change to donate the entire $40,000. By donating a lump sum of $40,000 to one organization, this donation will have a measurable impact on the recipient organization, thus fulfilling the mission of SPARK a Change.

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

Golden Key Mission To enable members to realize their potential through the

advancement of academics, leadership and service.

Our Pillars Academics, Leadership and Service

Our Values Integrity, Collaboration, Innovation, Respect, Diversity,

Excellence and Engagement

http://www.goldenkey.org/programs-privileges/service/


www.goldenkey.org • 5 5 • www.goldenkey.org

Academics

15-year-old to Begin Ph.D. Program At fifteen years old, Golden Key member Eugenie de Silva has already accomplished more than many will

in their lifetime. She received a bachelor’s degree in intelligence analysis and a master’s in intelligence studies from American Military University (AMU). She is now finishing her thesis for her second master’s degree in legal

studies, this time at Harvard University, and she has begun a Ph.D. program in politics at the University of Leicester in England. “My goals and values certainly align with Golden Key’s mission, since I have always been focused on my academics and I am tirelessly working to provide service to the U.S. It is always wonderful to be a part of an international honor society that promotes

and upholds high standards in an academic forum.”

Academic Spotlight - United States

University of the Witwatersrand Corporate Breakfast The University of the Witwatersrand (Wits) hosted a Corporate Breakfast, which seated Wits Golden Key students with various corporate interests to provide a platform for Golden Key members to integrate, socialize, network and brainstorm ideas with corporate sponsors and fellow students. Students were able to ask representatives from various companies questions about the corporate experience, and got insights on how to write their CVs, how to seek job opportunities and how to increase their skills regarding employment contract negotiations. Attendees included 80 Wits students, 8 tables of corporate representatives, Golden Key chapter presidents from various universities across South Africa, the guest speaker, and members of the Wits University staff. Some of the corporate sponsors involved at the breakfast included Bowman & Gilfillan, PPS, SAB, FNB, and Werksman’s Attorneys. Students walked away with valuable guidance for their academics and future careers.

Academic Spotlight - S ou th Africa


Golden Key Celebrates 100,000th Member From Canada

In November 2014, Golden Key was thrilled to welcome Karla Gorospe from the University of Windsor as our 100,000th member to join from Canada. In 1997, Golden Key established its first chapter in Canada and has been welcoming high-achieving students into the Society across Canada ever since. “Now that I was named as the 100,000th member, it is even more rewarding to know that many Canadian students are achieving academic excellence and taking leadership roles and meaningful involvement in the community. I have no doubt that more future leaders of this great nation will emanate from GK membership,” Karla said.

Academic Spotlight - Canada

Mother, Daughter, and Son Inducted Into GK at the Same TimeOn Friday 9 May 2014, three members of the Duncan family were proudly inducted into Golden Key at the University of Adelaide’s New Member Recognition Event. Sharon Duncan, a Flinders University student studying Paramedic Science, decided to attend the University of Adelaide ceremony so that she could be inducted along with her daughter, Amy, and son, Jock. “We all received our invitation letters in the post at the same time,” said Sharon. “We study different things – Amy is topping her subjects in Medical Science (Vision Science/Master of Optometry) and Jock is studying Electronic and Electrical Engineering, as well as being Apprentice of the Year for AiGTS. I am so proud of them.”

Academic Spotlight - Asia Pacific



Leadership

Dr. Marcus Robertson 2014 Alumni Professional Development Grant recipient Monash University

“I applied for a Golden Key Alumni Professional Development Grant to

assist in travelling to the Digestive Diseases Week Conference in Chicago,

where I have been invited to present my research on Gastrointestinal Bleeding. I

never expected when I joined Golden Key as an undergraduate that it would continue

to support and influence my career so far into the future. Attending the conference will provide a unique

opportunity for collaboration with researchers from around the world and will enable me to share my

research at the largest Gastroenterology conference in the world. I am currently completing my medical

specialist training in Gastroenterology, specialising in hepatology and liver transplantation. I thank

Golden Key International Honour Society for supporting me.”

Leadership Spotlight - Asia Pacific

Leadership Spotlight - CanadaConcordia Speed Networking Event

The Concordia University chapter hosted a career speed networking event for members in order to prepare them for career fairs. First there was a panel of five

professionals from various fields who spoke about their achievements and work experience and then provided insights to the students on best practices and networking tips when interacting with recruiters. The thirty student participants were then split into five groups with one of the panelists leading each group. Each participant presented their elevator pitch and received instant feedback. Once this portion of the night was complete, there was a meet and greet with food and beverages available, where the students were able to interact amongst one another and the guest speakers to practice their networking skills in a semi-formal environment. The event was very successful and received a great deal of positive feedback.


Leadership Spotlight - S o u t h A f r i c a

The Golden Key North-West University, Mafikeng chapter hosted a leadership seminar in conjunction with the North-West University Career Center. The theme of the event was “leading with a purpose” which aimed to speak to the conscience of all newly elected Campus Student Representative Council leaders. The key speakers at the event were Sir Max (motivational speaker and radio presenter) and Thapelo Dlamini (motivational speaker on leadership and pastor). Their discussion topics were aimed at grooming leaders in the 21st century.

North-West University, Mafikeng Leadership Seminar

Texas Tech’s Leadership Speaker SeriesThe Golden Key Texas Tech chapter teamed up with the Texas Tech Terry Scholars to host a leadership speaker series. At each event a renowned leader from the community talked about how to develop leadership skills. For their September 2014 event, Dr. Lance Nail, the dean and a professor of finance at the Jerry S. Rawls College of Business Administration, was the speaker. He was motivational, encouraging and effective, and the 25 GK members who attended benefitted greatly. Members left very inspired with real life examples of how great leaders act and lead by example.

Leadership Spotlight -United States



Service

University of Adelaide’s Woodville High School Mentoring Program The University of Adelaide chapter has formed a successful partnership with the Australian Government’s Department for Education and Child Development (DECD) to pair Golden Key members with Year 11 and 12 students at Woodville High School. The Golden Key mentors offer academic help to students and motivate them to achieve success. They also offer advice on attending University, and guide the students in making plans before they graduate. Many of these students need extra support in building confidence to embrace these opportunities, and the volunteers aim to fill that gap. Throughout 2014, volunteers have spent an hour per week at Woodville High School, mentoring one on one with students allocated to them according to shared academic strengths and interests.

Norfolk State University’s SPARK the Future Initiative The Golden Key chapter at Norfolk State University collaborated with the Virginia Commonwealth Challenge Youth Academy’s Mentoring and Tutoring Program. This program assists youth, ages 16-18, who are at high risk for dropping out of high school in obtaining their diploma or GED and prepares them for life post-graduation. The NSU chapter members have become mentors to the student cadets and assist them to stay motivated, inspired, and focus. The GK mentors stay in constant contact with their mentees and are dedicated to their success. The chapter strongly believes that they have the responsibility to share their education and skills.

Service Spotlight - United States

Service Spotlight - Asia Pacific



Service Spotlight - C a n a da

The University of British Columbia (UBC) Golden Key chapter collaborated with Samaritan Purse, a nonprofit organization, to hold the International Christmas Shoebox Initiative. The goal of the initiative is to present at-risk youth with personalized gift boxes that include school supplies and everyday necessities. The chapter was interested in this project because it was important for them to give back to their Vancouver community and they were especially excited to make the holiday season a little brighter for disadvantaged young individuals. In total, 97 volunteers (comprised of 73 UBC Golden Key members and 24 UBC community members) came to donate school supplies and basic necessities.

University of British Columbia’s International Christmas Shoebox Initiative

The University of KwaZulu-Natal High School Tutoring ProjectThe University of KwaZulu-Natal (UKZN) Golden Key chapter has worked with the Children in Distress Network (CINDI) on a few occasions in the past three years. In 2014, the chapter expanded their 2013 tutoring project, which centered on one disadvantaged high school to 10 high schools. The GK tutors give math, English and science tutorials for up to 80 students every other Saturday and discuss student life, course and bursary options at the university. Not only has this provided the learners with great academic help, but the Golden Key tutors were excited to travel to new places, experience the hardship of rural communities and earn a sense of pride for their accomplishments. The volunteers made sure to incorporate motivational material for the students, including a fun slideshow about what the campus and student life looks like. They enlightened the learners about what one can do with a tertiary education and provided some healthy snacks during the break.

Service Spotlight - S ou th Africa



2014 Scholarship Award Winners - Graduate Scholar Award

The Graduate Scholar Award is Golden Key’s premier scholarship. This scholarship supports members’ post-baccalaureate study at accredited universities anywhere in the world. It is one of many scholarships

that make up the $1,000,000 that Golden Key offers annually.

Steven Fencl ($10,000) Ashford

University, United States

Erin HallisySmith ($10,000) Walden


David Knechtel ($10,000) University of

Alberta, Canada

Sarah Appleby ($10,000) The University of

Waikato, New Zealand

Nijiati Abulizi ($10,000) The University of British Columbia, Canada

Leonardo Almeida ($10,000) Brigham Young University, United States

Olive Aneno ($10,000) The University of

Georgia, United States

Gerard Atkinson ($10,000) Southern

Methodist University, United States

Evora Baker ($10,000) Walden


Caleb Ballard ($10,000) Northeastern University, United States

Sarah Bouse ($10,000) Rice University,

United States

Aaron Brooks ($10,000) Florida State University, United States

Matthew Bui ($10,000) McMaster University, Canada

Karen Chung Tun Wong($10,000) Queen’s University, Canada

Erasmus du Toit ($10,000) University of

Stellenbosch, South Africa

Kim Helms ($10,000) Valdosta State University, United States

Andrew Jackson ($10,000) New York Film Academy, United States

Brianna Johnson ($10,000) San Diego State University, United States

Sherman Leung ($10,000) Griffith

University, Australia

Shaun McCarthy ($10,000) University of New Hampshire, United

States

Dominic Pesce ($10,000) University of Virginia, United States

Robert Sedam ($10,000) The University of New Mexico, United States

Yolanda Silvera ($10,000) Walden


Edna Smith ($10,000) Walden


Lydia Sinkus ($10,000) University

of California, Berkeley, United States

Marc Stevens ($10,000) East Tennessee State University, United

States

Darcy Tootoosis ($10,000) University of

British Columbia, Canada

Beverly Vendryes ($10,000) Walden


Sui May Koh ($10,000) University Malaysia Terengganu,

Malaysia


Albert Appouh Rutgers-Newark, The State University of New Jersey, United States $1,000

Marissa Bane The University of North Carolina at Chapel Hill, United States $1,000

Lisa Carter University of South Australia, Australia $1,000

Jade Cera Guy McGill University, Canada $1,000

Charlotte Dobson The University of Winnipeg, Canada $1,000

Allison Fox American Public University System, United States $1,000

John Phelps Wright State University, United States $1,000

Errick Placide Arizona State University, United States $1,000

Kevin Shin University of Hawaii at Manoa, United States $1,000

Teidda Vejcik Kaplan University, United States $1,000

GEICO Life Scholarship

ISLP Scholarship Heting Yang University of Pretoria, South Africa $2,000

Partner Sponsored Scholarships

Kim Helms Valdosta State University, United States 2014 Graduate Scholar Award recipient “I joined Golden Key when I was an undergrad at The University of Georgia and was impressed with the chapter’s goal of giving back to the local community. I have chosen to become a speech-language pathologist

in order to make a career out of giving back to my community. As a speech-language pathologist, I will be able to work with a diverse population at different life stages. Whether it is working with early intervention programs,

within the school system, hospital, inpatient/outpatient, or a skilled nursing facility, I am grateful for the financial opportunity from Golden Key to focus on my clients’ needs, and continue to follow my dreams.”

Charlotte DobsonUniversity of Winnipeg, Canada 2014 GEICO Life Scholarship recipient “As a woman who has to overcome many obstacles to achieve post-secondary schooling, this scholarship means so very much to me. I grew up in a small town from a family where education was not valued or encouraged.

I am the first person in my family to attend university. I am excited not only to achieve this goal for myself, but also to model for my own children what lifelong learning looks like. After years of working as an Educational

Assistant, I knew there was more in me to give and decided to take the big leap into post-secondary education. Attending university later in life is no easy feat as I balance the duties of being a wife and mother with my classes, homework and practicum placements. Finances are tight and every dollar counts. Awards such as these allow me to support my family while also paying for schooling. To me, this scholarship is a chance to complete my education. It is a chance at success for which I will be forever thankful.”

2014 Scholarship Award Winners


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 young people in more than 145 countries have participated in Envision programs around the world. Envision partners with Golden Key in nominating its highly qualified members 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 1,000 Golden Key members have traveled in a professional ISLP delegation to engage within the fields of medicine, nursing, engineering, business and international relations.

Golden Key Sponsors

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. Each year through Bank of America’s generous support, Golden Key is able to award a variety of scholarships. Bank of America provides members with the Golden Key BankAmericard Cash Rewards credit card that rewards customers with up to 3% cash back on certain purchases, all while supporting Golden Key initiatives.

GEICOGEICO has been helping drivers with their auto insurance needs since 1936 and is the third largest private passenger auto insurer in the United States. More than 33,500 members are GEICO policyholders. GEICO takes pride in being the fastest-growing auto insurance company in the U.S.; the company is equally proud of the work it does outside the office walls. Part of GEICO’s corporate mission is to encourage active, involved citizenship. More than 4,000 employees volunteer an average of 5 hours a week helping many worthwhile organizations.

750,000 Level : U.S. Dollars




Additional Sponsors

» Adams & Adams » AfterCollege » Ameriprise » AT&T » Bank of America » Bank of Montreal » Better World Books » Brandhouse » Discover » Dream Careers » Envision EMI » Education First College Study Tours

» GEICO » Gradschoolmatch.com » International Scholar Laureate Program (ISLP)

» Investec » Johnson Inc. » Lenovo » McKinsey & Company » Meltwater Group » NASA Federal Credit Union » Oasis Asset and Wealth Management

» Proctor & Gamble

» Q.S. » Sant’Anna Institute » SearchStudyAbroad.com » The South African Breweries » Startup Institute » Teach Me2 » Teach South Africa » Teach for Australia » The Princeton Review » Universum » Vault

» The University of Alabama, Graduate School » The Elliot School of International Affairs, The George Washington University

» Hult International Business School » Claremont McKenna College » Indiana University – School of Public and Environmental Affairs

» IE Business School » New York University » Northcentral University » University of Rochester » Rotman School of Management, University of Toronto » Willamette University

“Bank of America’s partnership with Golden Key has raised $14.5 million over 25 years in support of building global communities of academic achievers by providing opportunities for individual

growth through leadership, career development, networking and community service.”– Jake Frego, SVP Bank of America

Corporate Partners & Sponsors

Graduate School Sponsors




2014 Consolidated Statements of Financial Position

» Current assets: » Cash and cash equivalents.................................................$ 7,074,035 ..................................................$ 4,258,222

» Term deposits.......................................................................... 206,012 .................................................... 443,650

» Dues receivable....................................................................... 21,540 .................................................... 34,740

» Accounts receivable................................................................ 195,322 .................................................... 221,782

» Investments, at fair value....................................................... 271 .................................................... 3,903,477

» Inventories.............................................................................. 93,815 .................................................... 117,508

» Prepaid expenses..................................................................... 164,873 .................................................... 70,557

TOTAL CURRENT ASSETS .................................................$ 7,755,868 ...................................... 9,049,936

» Fixed assets, net of accumulated depreciation of $1,418,415 and $1,217,559................................................................................$ 968,286 ...............................................$

534,714

» Investments – Invest in Excellence, at fair value.......................... — .................................................. 90,763

» Deposits............................................................................................. 32,299 ....................................................... 32,512

TOTAL ASSETS .............................................................$ 8,756,453 .................................... 9,707,925

» Current Liabilities: » Accounts payable............................................................................$ 227,031 ..................................................$ 243,638

» Accrued compensation.................................................................... 243,629 .................................................... 174,622

» Other accrued expenses................................................................... 659,060 .................................................... 618,092

» Deferred revenue.............................................................................. 283,510 ......................................................... 307,125

TOTAL CURRENT LIABILITIES ............................................$ 1,413,230 ..................................... 1,343,477

» Deferred Rent................................................................................... » Sublease tenant deposits.................................................................

453,618 33,804

.........................................................

.........................................................512,498

33,804

TOTAL LIABILITIES ........................................................ 1,900,652 ..................................... 1,889,779

» Net assets: » Unrestricted...................................................................................... 6,733,992 .................................................. 7,680,146

» Temporarily restricted...................................................................... 21,809 .................................................. 38,000

» Permanently restricted..................................................................... 100,000 ....................................................... 100,000

TOTAL NET ASSETS ......................................................$ 6,855,801 .................................... 7,818,146

TOTAL LIABILITIES AND NET ASSETS..................................$ 8,756,453 ................................... 9,707,925

ASSETS 2014 2013

LIABILITIES AND NET ASSETS


2014 Consolidated Statements of Activities

SUPPORT AND REVENUE

» Support and revenues: » Membership Dues...................................$ 4,873,888 — — 4,873,888

» Member services........................................ 1,118,583 — — 1,118,583

» Corporate sponsorships, contributions, and contributions in kind........................

266,560 21,809 —

288,369

» Royalties..................................................... 1,248,569 — — 1,248,569

» Investment gains and losses and interest income, net...................................

266,238 — —

266,238

» Other........................................................... 279,892 — — 279,892

» Net assets released from restrictions...... 38,000 (38,000) — —

TOTAL SUPPORT AND REVENUES.............. 8,091,730 (16,191) — 8,075,539

» Student recognition.................................$ 2,447,457 — — 2,447,457

» University activities................................... 1,793,681 — — 1,793,681

» Member benefits....................................... 2,550,198 — — 2,550,198

» Leadership/volunteer training ................ 867,201 — — 867,201

TOTAL PROGRAM EXPENSES...................... 7,658,537 — — 7,658,537

» Fundraising..............................................$ 451,618 — — 451,618

» General and Administrative................... 927,729 — — 927,729

TOTAL FUNDRAISING AND GENERAL AND ADMINISTRATIVE EXPENSES.....................

1,379,347

—

—

1,379,347

TOTAL EXPENSES................................... 9,037,884 — — 9,037,884

CHANGE IN NET ASSETS.......................... (946,154) (16,191) — (962,345)

NET ASSETS, BEGINNING OF YEAR.............. 7,680,146 38,000 100,000 7,818,146

NET ASSETS, END OF YEAR ...................... 6,733,992 21,809 100,000 6,855,801

UNRESTRICTED NET ASSETS

TEMPORARILY RESTRICTED NET ASSETS

PERMANENTLY RESTRICTED NET ASSETS TOTAL

PROGRAM EXPENSES

FUNDRAISING AND GENERAL AND ADMINISTRATIVE EXPENSES



2014 Consolidated Statements of Expenses By RegionThe Following is an Abridged Set of Audited Financials for 2014


AUSTRALIA CANADA INDIAStudent recognition............................$ 266,571

University activities............................. 329,345Membership benefits........................... 139,891Leadership/Volunteer training.......... 79,824

TOTAL PROGRAM........................ 815,631Fundraising.......................................... 28,502

G&A...................................................... 49,231

TOTAL FUNDRAISING & G&A........... 77,733

TOTAL ALL PROGRAM EXPENSES....$ 893,364

Student recognition..........................$ 158,610

University activities............................. 73,521Membership benefits.......................... 29,699

Leadership/Volunteer training.......... 26,960

TOTAL PROGRAM........................ 288,790Fundraising.......................................... --

G&A...................................................... 18,108



Student recognition..........................$ 117

University activities............................. 3,766Membership benefits.......................... --Leadership/Volunteer training.......... 510


G&A...................................................... 267

TOTAL FUNDRAISING & G&A........... 267


NEW ZEALAND SOUTH AFRICA UNITED STATESStudent recognition...........................$ 15,150

University activities............................. 13,788Membership benefits........................... 3,035Leadership/Volunteer training........... --


G&A...................................................... 2,426


TOTAL ALL PROGRAM EXPENSES.....$ 34,399

Student recognition..........................$ 61,203

University activities............................. 108,749Membership benefits.......................... 50,866

Leadership/Volunteer training.......... 34,601

TOTAL PROGRAM........................ 255,419Fundraising.......................................... 9,077

G&A...................................................... 50,310



Student recognition..........................$ 1,945,806

University activities............................. 1,264,512Membership benefits.......................... 2,326,707Leadership/Volunteer training.......... 725,306

TOTAL PROGRAM........................ 6,262,331Fundraising.......................................... 414,039

G&A...................................................... 797,387

TOTAL FUNDRAISING & G&A........... 1,211,426

TOTAL ALL PROGRAM EXPENSES....$ 7,473,757

2014 REVENUE BY REGION

AUSTRALIA........................................$ 945,901

CANADA............................................$ 406,621

INDIA...............................................$ 529

NEW ZEALAND.....................................$ 74,162

SOUTH AFRICA....................................$ 344,821

UNITED STATES....................................$ 6,302,683

GK FOUNDATION..................................$ 200,822

TOTAL...............................................$ 8,275,539

OVERALL TOTALS

TOTAL PROGRAM................................$ 7,658,537...85%

TOTAL FUNDRAISING AND G&A...............$ 1 ,379,347. . . 15%

TOTAL ALL PROGRAM EXPENSES.............$ 9,037,884...100%


Asia-Pacific

10,952 North America

58,312South Africa

39,266Total

108,490

Australia: 27 The Bahamas: 1 Canada: 19 India: 1

*Including US Virgin Islands & Puerto Rico

Expansion Report2014 Expansion Report and Global Overview

2014 Chapter Base ExpansionChartering a chapter paves the way for future generations by recognizing excellent students who can join together to make a difference in the community. In 2014, Golden Key added the following new chapters to our family:

2014 Service Hours

2014 Global Number of Chapters

Claflin University Clarion University of Pennsylvania

Dillard University Durban University of Technology

New Zealand: 2 South Africa: 15 United States: 330*

Grove City College

Landmark College Lynn University Minnesota State University, Moorhead

Schiller International University

University of Phoenix, Oregon

Malaysia: 11

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Documents

G K I H S 2014 Annual Report · 2019. 7. 11. · In July 2014, Golden Key launched SPARK a Change, our new global service initiative. The mission of SPARK a Change is to impact and