Gothic Hsp Corporation
- Assets
- $2.5b
- Revenue
- $1.2b
- Investments
- $2.4b
- Employees
- 0
- Location
- Durham, NC
- Founding
- 03/2010
- Data as of
- 06/2021
- EIN
- 27-1325761
Organization Overview
Gothic Hsp Corporation is located in Durham, NC. The organization was established in 2010. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Gothic Hsp 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 Hsp Corporation generated $1.2b in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 18.4% each year . All expenses for the organization totaled $817.1m during the year ending 06/2021. While expenses have increased by 12.2% 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 HSP CORPORATION WAS FORMED TO SUPPORT THE EXEMPT PURPOSES OF DUKE UNIVERSITY HEALTH SYSTEM, INC. A PORTION OF THE EXPENSES INCURRED ARE RELATED TO THE MANAGEMENT OF ASSETS MAINTAINED FOR THE SUPPORT OF DUKE UNIVERSITY HEALTH SYSTEM, INC. ALLOCATIONS TOTALING $725,391,476 WERE MADE TO DUKE UNIVERSITY HEALTH SYSTEM, INC. 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 | $783,214,448 |
| 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 | $783,214,448 |
| Total Program Service Revenue | $0 |
| Investment income | $39,279,877 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $5,280,613 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $366,619,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,194,394,332 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $725,391,476 |
| 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 | $4,014,631 |
| 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 | $5,820,298 |
| Total functional expenses | $817,096,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,972,141 |
| Savings and temporary cash investments | $0 |
| 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 | $2,368,844,103 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $23,361,030 |
| Total assets | $2,537,177,274 |
| 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 | $2,537,177,274 |
| Total liabilities and net assets/fund balances | $2,537,177,274 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Global Health Solutions Inc Decatur, GA | $0 | $961,202,345 |
Gothic Hsp Corporation Durham, NC | $2,537,177,274 | $1,194,394,332 |
Georgia Tech Applied Research Corporation Atlanta, GA | $189,895,321 | $634,160,368 |
University Of Virginia Physicians Group Charlottesville, VA | $487,439,220 | $580,982,808 |
Georgia Tech Research Corporation Atlanta, GA | $176,132,447 | $344,901,970 |
University Health Systems Of Eastern Carolina Inc Greenville, NC | $305,100,320 | $334,615,086 |
Caromont Medical Group Inc Gastonia, NC | $43,858,251 | $131,069,416 |
Moses H Cone Memorial Hospital Greensboro, NC | $1,808,997,657 | $191,496,344 |
Intrahealth International Inc Chapel Hill, NC | $25,698,138 | $95,131,742 |
Moses Cone Medical Services Inc Greensboro, NC | $66,450,127 | $85,429,043 |
Sheet Metal Workers National Health Fund Goodlettsville, TN | $59,855,607 | $61,652,205 |
Corvesta Inc Roanoke, VA | $82,180,783 | -$1,235,003 |