Overview
What is Gothic Hsp Corporation?
Gothic Hsp Corporation is a North Carolina-based nonprofit organization, specifically located at 280 S Mangum Street 210, Durham, with the primary aim of supporting Duke University Health System, Inc. This partnership involves managing assets for the betterment of Duke University Health System, Inc., with allocations totaling over $393 million made to the organization. The mission and detailed description of their purpose are outlined in Schedule O.
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 67% (Two-Star out of Four Star rating).
Gothic Hsp Corporation has received a Two-Star rating from Charity Navigator, indicating a below-average performance in accountability and finance. While the charity excels in program expenses, using 100% of its funds for programs, it has significant weaknesses in governance practices, such as the total absence of independent board members and multiple missing policies critical for transparency and ethical operations.
The organization scored well on financial audits and the management of assets, showing no material diversion of assets and maintaining a low liabilities-to-assets ratio. However, the lack of independent oversight and the absence of key policies such as conflict of interest, whistleblower protection, and document retention raise concerns about its governance structure and commitment to accountability.
Overall, while Gothic Hsp Corporation demonstrates responsible financial management in terms of program expenses and asset management, the notable deficiencies in board independence and missing governance policies suggest that improvements are necessary to enhance its overall accountability and trustworthiness.
This AI summary has been generated from information found on Charity Navigator.
Is Gothic Hsp Corporation legitimate?
Gothic Hsp Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gothic Hsp Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Gothic Hsp Corporation?
Gothic Hsp Corporation was established to further the tax-exempt objectives of Duke University Health System, Inc. The corporation supports this mission by managing assets intended for Duke University Health System, Inc. A significant financial contribution of over $393 million was made to the health system to advance its tax-exempt goals. Gothic Hsp Corporation does not have a publicly stated mission statement beyond its support for Duke University Health System, Inc.
Who is the CEO of Gothic Hsp Corporation?
Neal F Triplett is the Director/President of Gothic Hsp Corporation.
What is the revenue of Gothic Hsp Corporation?
Gothic Hsp Corporation's revenue in 2022 was $730,166,668.
Who are the executives of Gothic Hsp Corporation and what are their salaries?
Here are 4 key members and their salaries:
- Compensation: $0
- Related: $2,842,965
- Other: $117,778
- Compensation: $0
- Related: $405,711
- Other: $58,508
- Compensation: $0
- Related: $221,783
- Other: $43,970
- Compensation: $0
- Related: $212,569
- Other: $39,062
Where can I find the form 990 for Gothic Hsp Corporation?
Gothic Hsp Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gothic Hsp Corporation
Gothic Hsp Corporation, a key supporter of Duke University Health System, Inc., was established to further the tax-exempt objectives of the health system. The corporation plays a significant role in managing assets that contribute to the health system's mission. Duke University Health System, Inc. received allocations amounting to $393,448,483 from Gothic Hsp Corporation, which have been integral to the realization of its tax-exempt goals.
Gothic Hsp Corporation's primary focus lies in advancing the initiatives of Duke University Health System, Inc. This partnership enables the health system to effectively manage its assets and maintain their support. The collaboration between the two entities has proven essential in fostering a thriving and impactful health organization.
In essence, Gothic Hsp Corporation serves as a vital partner to Duke University Health System, Inc., working together to ensure the successful execution of the health system's mission. By managing assets and providing financial support, the corporation is instrumental in facilitating the health system's commitment to providing quality care and advancing medical research.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Gothic Hsp Corporation significantly impacts the healthcare landscape by providing crucial financial support to Duke University Health System, Inc. This backing enables the health system to enhance its services and fulfill its mission of delivering high-quality medical care. In the fiscal period noted, Gothic Hsp Corporation allocated a substantial $393,448,483 to Duke University Health System, facilitating various initiatives, infrastructure improvements, and patient care programs.
By managing assets dedicated to supporting the health system, Gothic Hsp Corporation ensures that Duke University Health System can continue to operate effectively while pursuing innovative healthcare solutions. Their contributions play a vital role in maintaining and improving the overall health of the community in Durham, North Carolina, and beyond, thereby fostering a healthier population through advanced medical services and support.
This information is meant to be a general summary of Gothic Hsp Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $372,308,467
- Gross Receipts: $730,166,668
Assets and Liabilities:
- Total Assets: $2,746,223,752
- Total Liabilities: $525,148
- Net Assets: $2,745,698,604
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
2009
Phone
(919) 668-6829Principal Officer
Neal F Triplett
Main Address
280 S MANGUM STREET 210, DURHAM, NC, 27701
NTEE Category
Code: E11 - Health
If you are a representative of Gothic Hsp Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.