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Gothic Corporation

Durham, NC · EIN 56-1776668 · 501(c)(3) · Supporting organization (509(a)(3))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Gothic Corporation reported $3.18 billion in revenue and $2.44 billion in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $100.00 went to program services, $0.00 to management and general costs and $0.00 to fundraising. Its largest source of revenue was contributions and grants: 53.7% of the total. The highest compensation it reported for one person was $5,012,725 (DIRECTOR/PRESIDENT). Revenue rose 88% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $2.44B

For context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $3.18B

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 5,499 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
100.0%84.4%
Management & general
Part IX 25(C) ÷ 25(A)
0.0%13.4%
Fundraising
Part IX 25(D) ÷ 25(A)
0.0%0.8%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.00$0.04
Contributions & grants share of revenue
Part VIII 1h ÷ 12
53.7%19.1%
Government grants share of revenue
Part VIII 1e ÷ 12
0.0%1.1%
Program service revenue share
Part VIII 2g ÷ 12
0.0%69.9%
Highest reported compensation
Part VII-A, columns D–F
$5,012,725$331,578
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.21%1.28%
People paid over $100,000
Part VII, line 2
08
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
44.013.3
Independent voting board members
Part VI 1a–1b
0 of 3100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$2.44B expenses · 100.0% of program spending · grants $1.96B

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 $1,963,772,469 were made to duke university in support of its tax exempt purposes

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
DIRECTOR/PRESIDENT
Director/trustee, officer, 0.10 hrs/week
$0$4,885,718$127,007$5,012,725
DIRECTOR/SECRETARY
Director/trustee, officer, 0.10 hrs/week
$0$675,499$99,754$775,253
DIRECTOR/TREASURER
Director/trustee, officer, 0.10 hrs/week
$0$449,978$86,856$536,834

0 people received more than $100,000 in reportable compensation from Gothic Corporation (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$1.00B$2.00B$3.00B$4.00BFY2020FY2021FY2022FY2023FY2024FY2025$3.18B$2.44B
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$3.18B$2.44B100.0%$8.94B$5,012,725
FY2024 ⓘ$1.77B$1.90B100.0%$8.24B$4,700,363
FY2023 ⓘ$1.72B$1.73B100.0%$8.37B$4,292,537
FY2022 ⓘ$2.80B$2.10B100.0%$8.30B$2,960,743
FY2021 ⓘ$3.64B$2.82B100.0%$7.70B$3,427,486
FY2020 ⓘ$1.69B$1.80B100.0%$7.59B$3,110,969

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b3 · 0 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aNo
  • Whistleblower policy Part VI 13No
  • Document retention policy Part VI 14No
  • Independent process for top executive pay Part VI 15aNo
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2Yes
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bYes
  • Employees Part I, line 50

Correct a figure or respond

Every number above is copied from Gothic Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Gothic Corporation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All education charities · Largest charities in North Carolina

Questions people ask

How much of Gothic Corporation's spending goes to programs?

In the fiscal year ending June 30, 2025, Gothic Corporation reported that 100.0% of its $2.44 billion in expenses went to program services, 0.0% to management and general and 0.0% to fundraising (Form 990, Part IX).

How much does Gothic Corporation pay its top executive?

The largest total compensation Gothic Corporation reported for one person in the fiscal year ending June 30, 2025 was $5,012,725, for the role of DIRECTOR/PRESIDENT (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Gothic Corporation get its money?

Of $3.18 billion in revenue in the fiscal year ending June 30, 2025, 53.7% came from contributions and grants and 0.0% from program service revenue (Form 990, Part VIII).

Is Gothic Corporation a registered charity?

The IRS lists EIN 56-1776668 as a 501(c)(3) organization (supporting organization (509(a)(3))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202621349349306702 · read the filing
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202531349349311508 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202411359349300531 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202321359349300122 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202221369349301417 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202121369349300732 · read the filing

All filings for EIN 56-1776668: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.