Overview
What is Gothic Corporation?
Gothic Corporation is a North Carolina-based nonprofit organization located at 280 S Mangum Street 210, Durham, with a ZIP code of 27701. Established to support Duke University, it manages assets to further the exempt purposes of the institution. The organization has made substantial allocations, amounting to $1.83 billion, to Duke University. Although the exact mission statement is not provided, it is mentioned that it can be found in Schedule O.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement)
Gothic Corporation has received a two-star rating from Charity Navigator, indicating a need for improvement in its accountability and financial practices. With a score of 67%, the organization displays some strengths, such as a perfect program expense ratio of 100% and no material diversion of assets. However, these positives are overshadowed by significant weaknesses, particularly the lack of independent board members and essential governance policies.
The organization has failed to achieve any independent board representation, which raises concerns about oversight and accountability. Additionally, key documents and policies, such as a conflict of interest policy, whistleblower policy, and even basic financial statements on its website, are missing. This lack of transparency and governance frameworks may hinder trust and confidence among potential donors and stakeholders.
On a positive note, Gothic Corporation does maintain proper documentation for board meeting minutes and has a strong financial position with a liabilities to assets ratio of 0.00%. Nevertheless, the absence of critical governance elements highlights areas that need immediate attention to enhance the organization's credibility and operational effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Gothic Corporation legitimate?
Gothic Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Gothic 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 Corporation?
The Gothic Corporation was established to support the exempt purposes of Duke University. Its primary focus is to manage assets designated for the benefit of Duke University in furtherance of its tax-exempt mission. A substantial amount of $1.83 billion was allocated to Duke University from the corporation for this purpose. Although the exact mission statement of the Gothic Corporation is unavailable, it is clear that its role is to facilitate Duke University's objectives through the effective management of its assets.
Who is the CEO of Gothic Corporation?
Neal F Triplett is the Director/President of Gothic Corporation.
What is the revenue of Gothic Corporation?
Gothic Corporation's revenue in 2022 was $2,800,188,275.
Who are the executives of Gothic 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 Corporation?
Gothic Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Gothic Corporation
Gothic Corporation, a renowned organization, was established to support the exempt purposes of Duke University. The corporation's primary role involves managing assets that contribute to Duke University's tax-exempt objectives. The financial contributions made by Gothic Corporation to Duke University total an impressive $1,833,737,226.
At its core, Gothic Corporation is driven by a commitment to furthering Duke University's mission. Its activities focus on providing essential resources and support to the prestigious educational institution. The corporation's close association with Duke University extends to the management of significant assets aimed at enhancing the university's overall growth and impact. By dedicating its efforts to the exempt purposes of Duke University, Gothic Corporation plays a vital role in fostering the continued success and development of the educational institution.
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Impact
October, 2024
Gothic Corporation plays a crucial role in supporting the educational mission of Duke University, providing significant financial contributions that enhance its programs and initiatives. With total allocations amounting to $1,833,737,226, Gothic Corporation facilitates the management of assets that directly benefit the university's exempt purposes. By strategically managing these resources, Gothic Corporation not only strengthens the university’s capacity to deliver quality education but also ensures the long-term sustainability of its various educational endeavors in Durham, NC. Their impact is amplified through the continuous support they provide, fostering an environment where academic excellence can thrive.
This information is meant to be a general summary of Gothic 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: $1,494,378,476
- Gross Receipts: $2,800,188,275
Assets and Liabilities:
- Total Assets: $8,303,858,742
- Total Liabilities: $0
- Net Assets: $8,303,858,742
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Organization Details
Founding Year
1992
Phone
(919) 668-6829Principal Officer
Neal F Triplett
Main Address
280 S MANGUM STREET 210, DURHAM, NC, 27701
NTEE Category
Code: B110 - Education
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