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Nonprofiteer
← GOTHIC HSP CORPORATION

Form 990 for tax year 2023

Filed by GOTHIC HSP CORPORATION.

Totals

Total revenue
$490,205,782
Total expenses
$650,077,288
Contributions and grants received
$205,405,601
Grants paid
$508,279,777
Program service revenue
$0
Investment income
$266,164,827
Other revenue
$18,635,354
Total assets, end of year
$2,488,099,093
Total liabilities, end of year
$2,583,649
Net assets or fund balances, end of year
$2,485,515,444
Program services expenses (Part IX)
$650,077,288
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$650,077,288

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $205,405,601

  • 3 · Investment income

    total $137,857,899 · unrelated business -$8,484,631 · excluded $146,342,530

  • 5 · Royalties

    total $18,635,354 · excluded $18,635,354

  • 7a · Gross sales of assets other than inventory

    securities $125,808,429 · other assets $2,498,499

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $125,808,429 · other assets $2,498,499

  • 7d · Net gain or loss

    total $128,306,928 · unrelated business $828,781 · excluded $127,478,147

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $508,279,777 · program services $508,279,777

  • 11f · Fees: investment management

    total $9,284,439 · program services $9,284,439

  • 24a · Other expenses: PARTNERSHIP DEDUCTIONS

    total $131,491,888 · program services $131,491,888

  • 24e · All other expenses

    total $1,021,184 · program services $1,021,184

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $268,543,497 · end of year $220,124,418

  • 12 · Investments: other securities

    beginning of year $2,369,378,227 · end of year $2,264,612,433

  • 15 · Other assets

    beginning of year $3,380,356 · end of year $3,362,242

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,286,395 · end of year $2,583,649

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $2,639,015,685 · end of year $2,485,515,444

Mission and programs · 2023

Mission

SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT.

Activities or mission (Part I)

SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT

  • 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 $508,279,777 WERE MADE TO DUKE UNIVERSITY HEALTH SYSTEM, INC. IN SUPPORT OF ITS TAX EXEMPT PURPOSES.

    Expenses $650,077,288 · Grants $508,279,777

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Neal F Triplett

    DIRECTOR/PRESIDENT

    Total calculated
    $4,700,363
    From this org
    $0
    From related orgs
    $4,539,339
    Other
    $161,024
    Hours/week
    0.1 + 50.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $816,839 related
    Bonus
    $0 + $3,700,000 related
    Other
    $0 + $22,500 related
    Deferred
    $0 + $40,376 related
    Nontaxable benefits
    $0 + $123,274 related
    Filer's total
    $0 + $4,702,989 related

  • Robert McGrail

    DIRECTOR/SECRETARY

    Total calculated
    $601,246
    From this org
    $0
    From related orgs
    $518,864
    Other
    $82,382
    Hours/week
    0.1 + 40.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,616 related
    Bonus
    $0 + $231,228 related
    Other
    $0 + $36,020 related
    Deferred
    $0 + $71,076 related
    Nontaxable benefits
    $0 + $13,404 related
    Filer's total
    $0 + $603,344 related

  • Jannine M Lall

    DIRECTOR/TREASURER

    Total calculated
    $398,848
    From this org
    $0
    From related orgs
    $335,177
    Other
    $63,671
    Hours/week
    0.1 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,272 related
    Bonus
    $0 + $135,335 related
    Other
    $0 + $27,570 related
    Deferred
    $0 + $51,371 related
    Nontaxable benefits
    $0 + $14,222 related
    Filer's total
    $0 + $400,770 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
METHODS USED TO ESTABLISH THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL: GOTHIC HSP CORPORATION RELIED ON DUMAC, INC., A RELATED TAX-EXEMPT ORGANIZATION, TO ESTABLISH THE COMPENSATION OF THE TOP MANAGEMENT OFFICIAL. DUMAC, INC. USED VARIOUS METHODS TO ESTABLISH THE TOP MANAGEMENT OFFICIAL'S COMPENSATION SUCH AS INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED TAXABLE OR TAX-EXEMPT ORGANIZATIONS FOR SIMILAR SERVICES, OR CURRENT COMPENSATION SURVEYS.
PART I, LINE 4B
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN: THE FOLLOWING INDIVIDUALS PARTICIPATED IN AND RECEIVED PAYMENTS UNDER A DEFERRED COMPENSATION PLAN DESCRIBED UNDER SECTION 457(F) OF THE INTERNAL REVENUE CODE: ROBERT MCGRAIL $13,520. AND JANNINE LALL $5,070. SUCH AMOUNT WAS SUBJECT TO A SUBSTANTIAL RISK OF FORFEITURE AS DEFINED UNDER IRC SECTION 457(F).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • G HSP LLC

    INVESTMENTS · NC · income $5,693,089 · assets $67,766,883

    Directly controlled by GOTHIC HSP CORPORATION

  • G HSP II LLC

    INVESTMENTS · NC · income $37 · assets $4,499

    Directly controlled by GOTHIC HSP CORPORATION

  • G HSP III LLC

    INVESTMENTS · NC · income $4,463,487 · assets $101,153,076

    Directly controlled by GOTHIC HSP CORPORATION

  • G HSP IV LLC

    INVESTMENTS · NC · income $0 · assets $0

    Directly controlled by GOTHIC HSP CORPORATION

  • G HSP V LLC

    INVESTMENTS · NC · income $8,618,240 · assets $165,956,146

    Directly controlled by GOTHIC HSP CORPORATION

  • G HSP VI LLC

    INVESTMENTS · NC · income $0 · assets $0

    Directly controlled by GOTHIC HSP CORPORATION

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BLACKWELL PARTNERS LLC - SERIES A - 20-8075455

    INVES-EXCLUDED · INVESTMENTS · DE · 15.89% owned · share of income $92,828,306 · share of assets $995,969,024

    Directly controlled by GOTHIC CORPORATION

  • LYRICAL BLUE RL PT 27-2994514

    INVES-EXCLUDED · INVESTMENTS · DE · 12.38% owned · share of income -$162,837 · share of assets $5,649,494

    Directly controlled by GOTHIC CORPORATION

  • SBER LUCKY STRIKE 20-3891303

    N/A · REAL ESTATE · NC

  • MANGUM II LLC - 46-5135858

    INVES-EXCLUDED · INVESTMENTS · NC · 12.33% owned · share of income $469,838 · share of assets $11,562,190

    Directly controlled by GOTHIC CORPORATION

  • LS INVESTOR LLC 20-3891381

    N/A · REAL ESTATE · NC

  • DILWEG BLUE PF LP 47-1225569

    INVES-EXCLUDED · INVESTMENTS · DE · 15.8% owned · share of income -$1,820,703 · share of assets $25,246,744

    Directly controlled by GOTHIC CORPORATION

  • LYRICAL BLUE RL PT IV

    INVES-EXCLUDED · INVESTMENTS · DE · 12.57% owned · share of income $77,835 · share of assets $2,789,584

    Directly controlled by GOTHIC CORPORATION

  • STRATUS SCP II INVESTORS - C LP

    INVES-EXCLUDED · INVESTMENTS · UK · 12.3% owned · share of income -$429,553 · share of assets $2,639,598

    Directly controlled by GOTHIC CORPORATION

  • ALTOS HYBRID D LLC - 47-3996176

    INVES-EXCLUDED · INVESTMENTS · DE · 12.3% owned · share of income $175,030 · share of assets $853,856

    Directly controlled by GOTHIC CORPORATION

  • BLACKWELL PARTNERS LLC - SERIES C - 81-1264533

    INVES-EXCLUDED · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES B

    INVES-EXCLUDED · INVESTMENTS · DE · 20.86% owned · share of income $1,997,470 · share of assets $60,511,544

    Directly controlled by GOTHIC CORPORATION

  • BLACKWELL PARTNERS LLC - SERIES D

    INVES-EXCLUDED · INVESTMENTS · DE

    Directly controlled by GOTHIC CORPORATION

  • BLACKWELL PARTNERS LLC - SERIES E

    INVES-EXCLUDED · INVESTMENTS · DE · 16.16% owned · share of income $34,895,353 · share of assets $243,724,189

    Directly controlled by GOTHIC CORPORATION

  • ALTOS HYBRID 2D LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 14% owned · share of income -$63,106 · share of assets $5,561,954

    Directly controlled by GOTHIC CORPORATION

  • LYRICAL-BLUE 100 KINGSHIGHWAY PARTNERS LP

    INVES-EXCLUDED · INVESTMENTS · DE · 21.43% owned · share of income $18,472 · share of assets $3,048,648

    Directly controlled by GOTHIC CORPORATION

  • WASHINGTON GOTHIC LP

    INVES-EXCLUDED · INVESTMENTS · DE · 22.19% owned · share of income $82,853 · share of assets $1,681,620

    Directly controlled by GOTHIC CORPORATION

  • DUKE TRIANGLE ENDOSCOPY CENTER LLC

    N/A · HEALTHCARE · NC

  • DWELLWORKS CO-INVESTMENT LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 17.3% owned · share of income $309 · share of assets $1,413,805

  • BEP LEGACY 1C LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 12.14% owned · share of income $1,629 · share of assets -$115,395

    Directly controlled by GOTHIC CORPORATION

  • WELLINGTON TRUST CO NA - CTF OPP FIXED INC ALLOC II POR

    INVES-EXCLUDED · INVESTMENTS · DE · 17.17% owned · share of income $3,233,296 · share of assets $50,521,198

  • ENIAC SPECIAL DELTA LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 13.49% owned · share of assets $184,400

  • STRATUS SCP III INVESTORS - GAMMA LP

    INVES-EXCLUDED · INVESTMENTS · UK · 22.8% owned · share of income $56,087 · share of assets $3,478,514

  • STRATUS SCP COINVESTMENT II - FIP-M

    N/A · INVESTMENTS · BR · 3.19% owned

  • MANGUM LLC

    N/A · INVESTMENTS · NC · 15% owned

    Directly controlled by GOTHIC CORPORATION

  • CPF HEARTBEAT HEALTH INV A LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 15.1% owned · share of income -$44,978 · share of assets $1,309,881

    Directly controlled by GOTHIC CORPORATION

  • CPF TRIAS INVESTMENT II LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 10.9% owned · share of income -$148,923 · share of assets $643,676

    Directly controlled by GOTHIC CORPORATION

  • THRIVE CAPITAL PARTNERS IV SEGMENT LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 9.84% owned · share of income $574 · share of assets $42,057

  • MANGUM III LLC

    N/A · INVESTMENTS · DE · 17.78% owned

    Directly controlled by GOTHIC CORPORATION

  • MANGUM III LLC - SERIES A

    INVES-EXCLUDED · INVESTMENTS · DE · 17.78% owned · share of income $1,190,396 · share of assets $18,058,736

    Directly controlled by GOTHIC CORPORATION

  • RALLYDAY LF CO-INVESTORS LP

    INVES-EXCLUDED · INVESTMENTS · DE · 13.8% owned · share of income $28,701 · share of assets $1,072,462

    Directly controlled by GOTHIC CORPORATION

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • DUKE CE LS INC

    C · REAL ESTATE · NC

  • DUKE CE (SEA) PRIVATE LIMITED

    C · SUPPORT · SN

  • DUKE CORP EDU INDIA PRIVATE

    C · CONSULTING · IN

  • DUKE CORPORATE EDUCATION LIM

    C · EDUCATION CONSULTING · UK

  • DUKE CORPORATE EDUCATION RSA

    C · CONSULTING · SF

  • DUKE GLOBAL CONSULTING (KUNSHAN)

    C · CONSULTING · CH

  • DUKE MEDICAL STRATEGIES INC

    C · HEALTHCARE · NC

  • DURHAM CASUALTY COMPANY LTD

    C · INSURANCE · BD

  • GOTHIC INTERNATIONAL LTD

    C · INVESTMENTS · CJ

  • MARATHON BLUE CAYMAN FUND

    C · INVESTMENTS · CJ · 18.34% owned · share of income -$47,329 · share of assets $200,901

    Directly controlled by GOTHIC CORPORATION

  • GHI HOLDINGS MAURITIUS

    C · INVESTMENTS · MP · 14.43% owned · share of income $1,187,637 · share of assets $9,556,194

    Directly controlled by GOTHIC CORPORATION

  • GHI ERP LTD

    C · INVESTMENTS · MP

  • GHI HSP LTD

    C · INVESTMENTS · MP

  • GHI JBD LTD

    C · INVESTMENTS · MP

  • GHI LTP LTD

    C · INVESTMENTS · MP

  • MCP PRIVATE CAPITAL (FEEDER) FUND I LP

    C · INVESTMENTS · LU · 13.72% owned · share of income -$76 · share of assets $27,959

    Directly controlled by GOTHIC CORPORATION

  • DUKE INDIA SERVICES PRIVATE LIMITED

    C · MEDICAL RESEARCH · IN

  • HEALTH SYSTEM MEDICAL STRATEGIES INC

    C · HEALTHCARE · NC

  • DUKE GLOBAL GERMANY GMBH

    C · EDUCATION · GM

  • MEDBLUE INCUBATOR INC

    C · CONSULTING · DE

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202521349349311457

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