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Nonprofiteer
← GOTHIC CORPORATION

Form 990 for tax year 2022

Filed by GOTHIC CORPORATION.

Totals

Total revenue
$1,719,200,107
Total expenses
$1,727,014,620
Contributions and grants received
$1,056,312,983
Grants paid
$1,417,259,958
Program service revenue
$0
Investment income
$566,898,229
Other revenue
$95,988,895
Total assets, end of year
$8,367,573,592
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,367,573,592
Program services expenses (Part IX)
$1,727,014,620
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,727,014,620

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

    $1,056,312,983

  • 3 · Investment income

    total $392,299,154 · unrelated business -$8,118,509 · excluded $400,417,663

  • 5 · Royalties

    total $95,988,895 · excluded $95,988,895

  • 7a · Gross sales of assets other than inventory

    securities $152,274,288 · other assets $22,324,787

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

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $152,274,288 · other assets $22,324,787

  • 7d · Net gain or loss

    total $174,599,075 · unrelated business $11,247,288 · excluded $163,351,787

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,417,259,958 · program services $1,417,259,958

  • 11f · Fees: investment management

    total $11,022,761 · program services $11,022,761

  • 24a · Other expenses: PARTNERSHIP DEDUCTIONS

    total $297,393,478 · program services $297,393,478

  • 24e · All other expenses

    total $1,338,423 · program services $1,338,423

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $396,931,472 · end of year $763,789,347

  • 12 · Investments: other securities

    beginning of year $7,897,530,484 · end of year $7,601,308,344

  • 15 · Other assets

    beginning of year $9,396,786 · end of year $2,475,901

  • 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 $8,303,858,742 · end of year $8,367,573,592

Mission and programs · 2022

Mission

SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT.

Activities or mission (Part I)

SEE SCHEDULE O FOR ORGANIZATION'S MISSION STATEMENT

  • 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 $1,417,259,958 WERE MADE TO DUKE UNIVERSITY IN SUPPORT OF ITS TAX EXEMPT PURPOSES.

    Expenses $1,727,014,620 · Grants $1,417,259,958

As filed on the 2022 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
    $4,292,537
    From this org
    $0
    From related orgs
    $4,191,717
    Other
    $100,820
    Hours/week
    0.1 + 40.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $821,217 related
    Bonus
    $0 + $3,350,000 related
    Other
    $0 + $20,500 related
    Deferred
    $0 + $37,164 related
    Nontaxable benefits
    $0 + $66,307 related
    Filer's total
    $0 + $4,295,188 related

  • Robert McGrail

    DIRECTOR/SECRETARY

    Total calculated
    $560,218
    From this org
    $0
    From related orgs
    $497,125
    Other
    $63,093
    Hours/week
    0.1 + 50.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,908 related
    Bonus
    $0 + $203,012 related
    Other
    $0 + $38,205 related
    Deferred
    $0 + $54,869 related
    Nontaxable benefits
    $0 + $9,020 related
    Filer's total
    $0 + $561,014 related

  • Jannine M Lall

    DIRECTOR/TREASURER

    Total calculated
    $320,745
    From this org
    $0
    From related orgs
    $269,907
    Other
    $50,838
    Hours/week
    0.1 + 40.2 related

    Schedule J breakdown matched by us

    Base
    $0 + $174,346 related
    Bonus
    $0 + $73,806 related
    Other
    $0 + $21,755 related
    Deferred
    $0 + $39,251 related
    Nontaxable benefits
    $0 + $13,156 related
    Filer's total
    $0 + $322,314 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 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 $17,705 AND JANNINE LALL $1,255. 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 LTP LLC

    INVESTMENTS · NC · income $6,978,955 · assets $255,522,656

    Directly controlled by GOTHIC CORPORATION

  • G LTP II LLC

    INVESTMENTS · NC · income $0 · assets $11,202

    Directly controlled by GOTHIC CORPORATION

  • G LTP III LLC

    INVESTMENTS · NC · income $7,977,427 · assets $183,351,992

    Directly controlled by GOTHIC CORPORATION

  • G LTP IV LLC

    INVESTMENTS · NC · income $0 · assets $0

    Directly controlled by GOTHIC CORPORATION

  • G LTP V LLC

    INVESTMENTS · NC · income $20,885,038 · assets $437,840,410

    Directly controlled by GOTHIC CORPORATION

  • G LTP VI LLC

    INVESTMENTS · NC · income $0 · assets $0

    Directly controlled by GOTHIC CORPORATION

  • GRETMAR PARTNERS LLC

    INVESTMENTS · GA · income -$442,145 · assets -$34,989

    Directly controlled by GOTHIC 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 · 55.21% owned · share of income $245,193,237 · share of assets $3,464,103,945 · general or managing partner

    Directly controlled by GOTHIC CORPORATION

  • CANYON BLUE INV FD 27-0186996

    INVES-EXCLUDED · INVESTMENTS · DE · share of income $7,410,900

    Directly controlled by GOTHIC CORPORATION

  • LYRICAL BLUE RL PT 27-2994514

    INVES-EXCLUDED · INVESTMENTS · DE · 54.98% owned · share of income -$559,174 · share of assets $26,247,758

    Directly controlled by GOTHIC CORPORATION

  • LYRICAL-BLUE RGNT 45-3626577

    INVES-EXCLUDED · INVESTMENTS · DE · 57% owned

    Directly controlled by GOTHIC CORPORATION

  • SBER LUCKY STRIKE 20-3891303

    N/A · REAL ESTATE · NC

  • MANGUM II LLC - 46-5135858

    INVES-EXCLUDED · INVESTMENTS · NC · 57.84% owned · share of income $2,059,126 · share of assets $52,302,837 · general or managing partner

    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 · 55.22% owned · share of income -$3,802,660 · share of assets $99,001,323

    Directly controlled by GOTHIC CORPORATION

  • LYRICAL BLUE RL PT IV

    INVES-EXCLUDED · INVESTMENTS · DE · 57.14% owned · share of income -$241,842 · share of assets $13,876,538

    Directly controlled by GOTHIC CORPORATION

  • STRATUS SCP II INVESTORS - C LP

    INVES-EXCLUDED · INVESTMENTS · UK · 57.4% owned · share of income -$458,259 · share of assets $14,511,135

    Directly controlled by GOTHIC CORPORATION

  • ALTOS HYBRID D LLC - 47-3996176

    INVES-EXCLUDED · INVESTMENTS · DE · 57.4% owned · share of income -$1,311,506 · share of assets $4,021,662

    Directly controlled by GOTHIC CORPORATION

  • BLACKWELL PARTNERS LLC - SERIES C - 81-1264533

    N/A · INVESTMENTS · DE

  • BLACKWELL PARTNERS LLC - SERIES B

    INVES-EXCLUDED · INVESTMENTS · DE · 55.26% owned · share of income $4,703,296 · share of assets $176,698,678 · general or managing partner

    Directly controlled by GOTHIC CORPORATION

  • BLACKWELL PARTNERS LLC - SERIES D

    INVES-EXCLUDED · INVESTMENTS · DE · general or managing partner

    Directly controlled by GOTHIC CORPORATION

  • BLACKWELL PARTNERS LLC - SERIES E

    INVES-EXCLUDED · INVESTMENTS · DE · 52.08% owned · share of income $8,261,986 · share of assets $732,490,397 · general or managing partner

    Directly controlled by GOTHIC CORPORATION

  • ALTOS HYBRID 2D LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 58% owned · share of income $3,514 · share of assets $21,634,135

    Directly controlled by GOTHIC CORPORATION

  • LYRICAL-BLUE 100 KINGSHIGHWAY PARTNERS LP

    INVES-EXCLUDED · INVESTMENTS · DE · 51.43% owned · share of income -$866 · share of assets $7,601,731

    Directly controlled by GOTHIC CORPORATION

  • WASHINGTON GOTHIC LP

    INVES-EXCLUDED · INVESTMENTS · DE · 51.12% owned · share of income -$116,546 · share of assets $4,170,188

    Directly controlled by GOTHIC CORPORATION

  • DUKE TRIANGLE ENDOSCOPY CENTER LLC

    N/A · HEALTHCARE · NC

  • DWELLWORKS CO-INVESTMENT LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 38.61% owned · share of assets $3,139,373

  • BEP LEGACY 1C LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 53.4% owned · share of income $823 · share of assets -$493,461

    Directly controlled by GOTHIC CORPORATION

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

    INVES-EXCLUDED · INVESTMENTS · DE · 48.6% owned · share of income $3,319,070 · share of assets $103,214,697

  • ENIAC SPECIAL DELTA LLC

    INVES-EXCLUDED · INVESTMENTS · DE · 38.88% owned · share of assets $530,882

  • STRATUS SCP III INVESTORS - GAMMA LP

    INVES-EXCLUDED · INVESTMENTS · UK · 50.9% owned · share of income $47,258 · share of assets $7,987,660

  • STRATUS SCP COINVESTMENT II - FIP-M

    N/A · INVESTMENTS · BR · 44.99% owned

  • MANGUM LLC

    N/A · INVESTMENTS · NC · 55% owned · general or managing partner

    Directly controlled by GOTHIC CORPORATION

  • CPF HEARTBEAT HEALTH INVES B LLC

    N/A · INVESTMENTS · DE · 46.97% owned

  • CPF TRIAS INVESTMENT LLC

    N/A · INVESTMENTS · DE · 54.8% owned · share of income -$244,455

    Directly controlled by GOTHIC CORPORATION

  • CPF HEARTBEAT HEALTH INV A LLC

    N/A · INVESTMENTS · DE · 54.8% owned · share of income -$50,997 · share of assets $4,352,394

    Directly controlled by GOTHIC CORPORATION

  • CPF TRIAS INVESTMENT II LLC

    N/A · INVESTMENTS · DE · 54.8% owned · share of income -$73,761 · share of assets $2,118,239

    Directly controlled by GOTHIC CORPORATION

  • THRIVE CAPITAL PARTNERS IV SEGMENT LLC

    N/A · INVESTMENTS · DE · 45.92% owned · share of income $58 · share of assets $189,946

  • MANGUM III LLC

    N/A · INVESTMENTS · DE · 55.21% owned

    Directly controlled by GOTHIC CORPORATION

  • MANGUM III LLC - SERIES A

    N/A · INVESTMENTS · DE · 55.21% owned · share of income $21,911 · share of assets $11,292,583

    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

  • DUKE MEDICINE ASIA PTE LTD

    C · MEDICAL RESEARCH · SN

  • DURHAM CASUALTY COMPANY LTD

    C · INSURANCE · BD

  • GOTHIC INTERNATIONAL LTD

    C · INVESTMENTS · CJ · 100% owned · share of income $532,236 · share of assets $14,780,704 · controlled entity

    Directly controlled by GOTHIC CORPORATION

  • MARATHON BLUE CAYMAN FUND

    C · INVESTMENTS · CJ · 47.89% owned · share of income $67,632 · share of assets $738,700 · controlled entity

    Directly controlled by GOTHIC CORPORATION

  • GHI HOLDINGS MAURITIUS

    C · INVESTMENTS · MP · 55.14% owned · share of income $1,225,944 · share of assets $32,490,976 · controlled entity

    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 · 54.88% owned · share of income $15,902 · share of assets $108,977 · controlled entity

    Directly controlled by GOTHIC CORPORATION

  • DUKE INDIA SERVICES PRIVATE LIMITED

    C · MEDICAL RESEARCH · IN

  • HEALTH SYSTEM MEDICAL STRATEGIES INC

    C · HEALTHCARE · NC

  • VITA BELLAVISTA CASA 84 SRL

    C · REAL ESTATE · CS

  • VITA BELLAVISTA CASA DIECINUEVE SRL

    C · REAL ESTATE · CS

  • DUKE GLOBAL GERMANY GMBH

    C · EDUCATION · GM

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349300531

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