Gothic Corporation
- Assets
- $7.7b
- Revenue
- $3.6b
- Investments
- $7.3b
- Employees
- 0
- Location
- Durham, NC
- Founding
- 09/1993
- Data as of
- 06/2021
- EIN
- 56-1776668
Organization Overview
Gothic Corporation is located in Durham, NC. The organization was established in 1993. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gothic Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Gothic Corporation generated $3.6b in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $2.8b during the year ending 06/2021. While expenses have increased by 4.0% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT
Describe the Organization's Program Activity:
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 $2,557,731,511 WERE MADE TO DUKE UNIVERSITY IN SUPPORT OF ITS TAX EXEMPT PURPOSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Neal F Triplett Director/president | OfficerTrustee | 0.1 | $0 |
Jannine M Lall Director/treasurer | OfficerTrustee | 0.1 | $0 |
Robert Mcgrail Secretary | Officer | 0.1 | $0 |
Gregory A Hudgins Director | Trustee | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $2,016,747,394 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,016,747,394 |
| Total Program Service Revenue | $0 |
| Investment income | $122,693,514 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $22,391,836 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,475,695,919 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,637,528,663 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,557,731,511 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,499,787 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $1,180,809 |
| Total functional expenses | $2,821,034,990 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $385,048,255 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,259,473,822 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $57,249,891 |
| Total assets | $7,701,771,968 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $7,701,771,968 |
| Total liabilities and net assets/fund balances | $7,701,771,968 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Georgia Research Foundation Inc Athens, GA | $126,359,390 | $273,465,461 |
Robert W Woodruff Health Sciences Center Fund Inc Atlanta, GA | $1,114,739,846 | $188,927,419 |
Virginia Tech Foundation Inc Blacksburg, VA | $2,253,132,781 | $221,999,686 |
University Of Georgia Foundation Athens, GA | $1,813,135,367 | $241,177,913 |
George Mason University Foundation Inc Fairfax, VA | $459,289,058 | $113,505,085 |
Georgia Tech Foundation Inc Atlanta, GA | $3,057,656,645 | $246,304,114 |
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
Nc State Investment Fund Inc Raleigh, NC | $1,930,063,391 | $166,344,497 |
Spelman College Special Ventures Fund Inc Atlanta, GA | $236,389,415 | $26,274,154 |
University Of South Carolina Educational Foundation Columbia, SC | $607,523,681 | $89,201,263 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |