Gothic Corporation: FY2020 Nonprofit Profile & Form 990 (EIN 56-1776668)

Revenue by fiscal year
FY2020	$1.7B
FY2021	$3.6B
FY2022	$2.8B
FY2023	$1.7B
FY2024	$1.8B
FY2025	$3.2B

Expenses by fiscal year
FY2020	$1.8B
FY2021	$2.8B
FY2022	$2.1B
FY2023	$1.7B
FY2024	$1.9B
FY2025	$2.4B

Net assets by fiscal year
FY2020	$7.6B
FY2021	$7.7B
FY2022	$8.3B
FY2023	$8.4B
FY2024	$8.2B
FY2025	$8.9B

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Part of a larger organization · Schedule R

Gothic Corporation files its own Form 990, but Schedule R discloses 25 related entities — figures on this page are for this EIN only, not the whole group.

Duke Triangle Endoscopy Center LLC · Gothic Hsp Corporation · Bep Legacy 1c LLC · Innovations in Healthcare INC + 21 more · see all

Combined filings · FY2020 · 14 entities with data

Simple sum of each entity's Form 990 headline figures — not audited consolidated financials. This page's EIN is 31% of group revenue.

Group revenue

$5.5B

Group expenses

$5.8B

Group net assets

$20.8B

Gothic Hsp Corporation · $560.0M rev · $2.3B net assets

Innovations in Healthcare INC · $955K rev · $1.5M net assets

Duke Corporate Education · $23.3M rev · $17.5M net assets

Duke Quality Network INC · $6.0M rev · $0 net assets

Duke Integrated Network INC · $7.9M rev · −$3.6M net assets

Duke Allmo Services INC · $3.9M rev · $2K net assets

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $1.8B

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? Claim to fix it

Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII

Neal F Triplett

Director/President

$0Pt VII · Sec A

Robert McGrail

Secretary

$0Pt VII · Sec A

Gregory a Hudgins

Director

$0Pt VII · Sec A

Jannine M Lall

Director/Treasurer

$0Pt VII · Sec A

Jennifer Dimitri

Secretary

$0Pt VII · Sec A

See Gothic Corporation executive salaries →

On this list? Claim this org

Something off? Claim to fix it

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides resources and support to help people achieve their goals.

Questions for Gothic Corporation

Tap to ask. Gothic Corporation sees how many people are interested.

Your first name shows with your question. Gothic Corporation answers here, for everyone.

Provided by the organization

Know this org? Add your story

1 program · $1.8B · in their own filed words · FY2019

01

Gothic corporation was formed to support the exempt purposes of duke university. A portion of the expenses incurred are related to the management of assets maintained for the support of duke university. Allocations totaling $1,504,279,593 were made to duke university in support of its tax exempt purposes.

$1.8Bprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking

Grants paid · 6 grants · $10.7B · 2019–2024

Duke UniversityNC · FY2024$1,963,772,469

Duke UniversityNC · FY2023$1,427,503,584

Duke UniversityNC · FY2022$1,417,259,958

Duke UniversityNC · FY2021$1,833,737,226

Duke UniversityNC · FY2020$2,557,731,511

Duke UniversityNC · FY2019$1,504,279,593

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$1.7B

Ln 12

Gifts and grantsLn 1h$872.0M

Investment incomeLn 3$785.2M

Other incomeLn 4–11$31.4M

Money outPt IX

$1.8B

Ln 25

Programscol B$1.8B

Owns and owesPt X

$7.6B

net assets · Ln 32

Cash and savingsLn 1–2$527.0M

Total assetsLn 16$7.6B

LiabilitiesLn 26$0

PeoplePt VI, VII

5

listed · VII A

PaidVII A0

Voting boardVI 1a3

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$872.0M

Investment incomeLn 3$785.2M

Other incomeLn 4–11$31.4M

Gains on assetsLn 7$566.3M

Total revenueLn 12$1.7B

Assets in detailPt X, end of year

SavingsLn 2$527.0M

Cash and savings togetherLn 1–2$527.0M

InvestmentsLn 11–13$6.98B

Other assetsLn 15$88.0M

Total assetsLn 16$7.6B

LiabilitiesLn 26$0

Net assetsLn 32$7.6B

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$461.9M	$527.0M
InvestmentsLn 11–13	$7.14B	$6.98B
Total assetsLn 16	$7.61B	$7.59B
LiabilitiesLn 26	$639K	$0
Net assetsLn 32	$7.61B	$7.59B

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$1.50B	$1.50B
Investment management feesLn 11f	$15.9M	$15.9M
Other expenses (24a–d)Ln 24	$274.6M	$274.6M
All other expensesLn 24e	$2.4M	$2.4M
Total functional expensesLn 25	$1.80B	$1.80B	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest	$3.2B	$2.4B	$739.0M	$8.9B	990 PDF
FY2024	$1.8B	$1.9B	−$133.7M	$8.2B	990 PDF
FY2023	$1.7B	$1.7B	−$7.8M	$8.4B	990 PDF
FY2022	$2.8B	$2.1B	$701.0M	$8.3B	990 PDF
FY2021	$3.6B	$2.8B	$816.5M	$7.7B	990 PDF
FY2020 Viewing	$1.7B	$1.8B	−$108.6M	$7.6B	990 PDF

More to add? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

See the full FY2020 990 (6 parts)

Part I · Summary $1,688,560,138 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,285,619,509$872,006,506

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $727,107,326$785,181,337

I-11 Other revenuePrior year $19,536,161$31,372,295

I-12 Total revenuePrior year $2,032,262,996$1,688,560,138

I-13 Grants and similar amounts paidPrior year $1,732,661,058$1,504,279,593

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $0$0

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $294,599,438$292,863,618

I-18 Total expensesPrior year $2,027,260,496$1,797,143,211

I-19 Revenue less expensesPrior year $5,002,500−$108,583,073

Part VI · Governance 0 of 3 board members independent, 5 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsYes

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

Part VIII · Statement of revenue $1,688,560,138 across 6 lines filed

VIII-1d Related organizations$872,006,506

VIII-1h Total contributions, gifts and grants$872,006,506

VIII-3 Investment incomeUnrelated business −$70,271,151 · Excluded from tax $289,134,725$218,863,574

VIII-5 RoyaltiesExcluded from tax $31,372,295$31,372,295

VIII-7 Net gain or loss on sales of assetsUnrelated business $20,159,622 · Excluded from tax $546,158,141$566,317,763

VIII-12 Total revenueRelated to mission $0 · Unrelated business −$50,111,529 · Excluded from tax $866,665,161$1,688,560,138

Part IX · Statement of functional expenses $1,797,143,211 across 4 lines filed

IX-1 Grants to domestic organizationsPrograms $1,504,279,593$1,504,279,593

IX-11f Investment management feesPrograms $15,851,286$15,851,286

IX-24 Other expenses (24a–d)Programs $274,608,102$274,608,102

IX-24e All other expensesPrograms $2,404,230$2,404,230

IX-25 Total functional expensesPrograms $1,797,143,211 · Management $0 · Fundraising $0$1,797,143,211

Part X · Balance sheet $7,591,393,057 assets, 8 lines filed

X-2 Savings and temporary cash investmentsStart of year $461,888,927$526,994,838

X-12 Other securitiesStart of year $7,140,245,659$6,976,369,452

X-15 Other assetsStart of year $8,184,971$88,028,767

X-16 Total assetsStart of year $7,610,319,557$7,591,393,057

X-17 Accounts payable and accrued expensesStart of year $638,647$0

X-26 Total liabilitiesStart of year $638,647$0

X-32 Total net assets or fund balancesStart of year $7,609,680,910$7,591,393,057

X-33 Total liabilities and net assetsStart of year $7,610,319,557$7,591,393,057

Part XI · Reconciliation of net assets $7,591,393,057 net assets at year end

XI-1 Total revenue$1,688,560,138

XI-2 Total expenses$1,797,143,211

XI-3 Revenue less expenses−$108,583,073

XI-4 Net assets at start of year$7,609,680,910

XI-9 Other changes in net assets$90,295,220

XI-10 Net assets at end of year$7,591,393,057

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

Your org? Add context

Made it to the end? Claim this org

Gothic Corporation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Gothic Corporation

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV

Gothic Corporation FY2020 filing

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Gothic Corporation

Funders

Grants

Related Organizations

By the numbers

Filing history

Schedules filed Part IV