Duke University Health System Inc
- Assets
- $8.3b
- Revenue
- $4.6b
- Investments
- $3.7b
- Employees
- 25,613
- Location
- Durham, NC
- Founding
- 06/1998
- Data as of
- 06/2022
- EIN
- 56-2070036
Organization Overview
Duke University Health System Inc is located in Durham, NC. The organization was established in 1998. According to its NTEE Classification (E21) the organization is classified as: Community Health Systems, under the broad grouping of Health Care and related organizations. As of 06/2022, Duke University Health System Inc employed 25,613 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Duke University Health System Inc 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 06/2022, Duke University Health System Inc generated $4.6b in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $4.2b during the year ending 06/2022. While expenses have increased by 6.2% per year over the past 7 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.
Since 2015, Duke University Health System Inc has awarded 450 individual grants totaling $11,973,251. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT
Describe the Organization's Program Activity:
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
A Eugene Washington MD Director/president & CEO | OfficerTrustee | 33 | $0 |
Vincent E Price Director | Trustee | 3 | $0 |
Mary E Klotman MD Director | Trustee | 11 | $0 |
Erik Paulson Director | Trustee | 1 | $0 |
Leslie E Bains Director | Trustee | 2 | $0 |
Gail Belvett MD DDS Director | Trustee | 2 | $228 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Private Diagnostic Clinic Pllc Medical Services | 6/29/22 | $211,738,812 |
Skanska Usa Building Inc Construction Services | 6/29/22 | $34,101,685 |
Robins & Morton Group Construction Services | 6/29/22 | $52,943,788 |
Whiting Turner Contracting Co Construction Services | 6/29/22 | $21,583,562 |
Aramark Services Inc Food Services | 6/29/22 | $18,354,615 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $73,617 |
| Related organizations | $0 |
| Government grants | $62,481,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,257,376 |
| Noncash contributions included in lines 1a–1f | $94,046 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $65,812,130 |
| Total Program Service Revenue | $4,061,183,925 |
| Investment income | $14,962,739 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $6,519,570 |
| Net Rental Income | $4,327,170 |
| Net Gain/Loss on Asset Sales | $357,810,070 |
| Net Income from Fundraising Events | $88,730 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,600,505,996 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,903,725 |
| Grants and other assistance to domestic individuals. | $95,751 |
| Grants and other assistance to Foreign Orgs/Individuals | $48,700 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,223,887 |
| Compensation of current officers, directors, key employees. | $9,472,423 |
| Compensation to disqualified persons | $141,702 |
| Other salaries and wages | $1,586,200,477 |
| Pension plan accruals and contributions | $134,821,189 |
| Other employee benefits | $168,031,996 |
| Payroll taxes | $117,053,249 |
| Fees for services: Management | $28,470,360 |
| Fees for services: Legal | $3,407,856 |
| Fees for services: Accounting | $581,466 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $4,874,226 |
| Fees for services: Other | $339,423,034 |
| Advertising and promotion | $4,140,364 |
| Office expenses | $35,813,154 |
| Information technology | $75,528,151 |
| Royalties | $0 |
| Occupancy | $83,979,514 |
| Travel | $8,755,448 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,584,684 |
| Interest | $36,572,200 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $195,482,568 |
| Insurance | $13,293,474 |
| All other expenses | -$16,415,613 |
| Total functional expenses | $4,174,139,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,763 |
| Savings and temporary cash investments | $472,331,439 |
| Pledges and grants receivable | $882,384 |
| Accounts receivable, net | $561,593,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $84,177 |
| Inventories for sale or use | $137,742,780 |
| Prepaid expenses and deferred charges | $35,959,046 |
| Net Land, buildings, and equipment | $2,165,937,441 |
| Investments—publicly traded securities | $719,112,041 |
| Investments—other securities | $3,681,086,884 |
| Investments—program-related | $0 |
| Intangible assets | $21,965,765 |
| Other assets | $463,961,211 |
| Total assets | $8,260,774,039 |
| Accounts payable and accrued expenses | $512,026,066 |
| Grants payable | $0 |
| Deferred revenue | $9,664,456 |
| Tax-exempt bond liabilities | $636,101,119 |
| 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 | $1,642,258,684 |
| Total liabilities | $2,800,050,325 |
| Net assets without donor restrictions | $5,403,296,138 |
| Net assets with donor restrictions | $57,427,576 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $8,260,774,039 |
Grants Awarded
Over the last fiscal year, Duke University Health System Inc has awarded $1,591,933 in support to 73 organizations.
| Grant Recipient | Amount |
|---|---|
INTER-FAITH FOOD SHUTTLE PURPOSE: GENERAL SUPPORT | $15,000 |
CARING HOUSE INC PURPOSE: GENERAL SUPPORT | $86,333 |
REINVESTMENT PARTNERS PURPOSE: COMMUNITY SUPPORT | $20,000 |
ALICE AYCOCK POE CTR FOR HEALTH EDUCATION PURPOSE: SPONSORSHIP | $7,500 |
BAND TOGETHER PURPOSE: SPONSORSHIP | $25,000 |
BOYS CLUB OF WAKE COUNTY INC PURPOSE: SPONSORSHIP | $20,000 |