Nonprofit · EIN 37-0673465
THE CARLE FOUNDATION
Tax-exempt · URBANA, IL 61801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $693,331,990 | $641,458,723 | $51,873,267 | $3,261,726,458 | $1,438,572,621 | $1,823,153,837 |
| December 31, 2023 | 990 | $575,377,812 | $549,795,506 | $25,582,306 | $2,977,227,900 | $1,393,340,348 | $1,583,887,552 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,269,083
- of which government grants
- $473,511
- Program service revenue
- $586,728,208
- Investment income
- $91,600,266
- Net rental income
- $1,067,466
- Net gain from sales of assets
- $31,819,431
- Tax-exempt bond proceeds
- $6,011,119
- Other revenue
- $13,734,433
Expenses
- Grants and similar amounts paid
- $3,416,880
- Compensation of officers, directors and key employees
- $9,468,124
- Other salaries and wages
- $203,853,166
- Salaries, compensation and benefits (total)
- $289,093,827
- Professional fundraising fees
- $0
- Legal fees
- $13,267,439
- Accounting fees
- $1,075,351
- Occupancy
- $14,371,277
- Travel
- $681,222
- Depreciation
- $74,045,856
- Program services (functional)
- $279,757,509
- Management and general (functional)
- $361,701,214
Balance sheet and other
- Total assets, start of year
- $2,977,227,900
- Total assets, end of year
- $3,261,726,458
- Total liabilities, end of year
- $1,438,572,621
- Net assets, end of year
- $1,823,153,837
- Land, buildings and equipment
- $987,691,849
- Publicly traded securities
- $1,576,928,067
- Net assets without donor restrictions
- $1,812,176,648
- Net assets with donor restrictions
- $10,977,189
- Gross unrelated business income
- $20,517,694
- Gross receipts
- $945,666,916
- Employees
- 3,366
- Volunteers
- 0
- Year formed
- 1946
- State of legal domicile
- IL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JAMES C LEONARD MD | EX-OFFICIO, OFFICER - PRESIDENT & CEO Officer | 18 | $2,298,226 | $0 | $50,256 |
| MATTHEW KOLB JD MHA | OFFICER - PRESIDENT, CARLE HEALTH REGIONS // EVP, CHIEF OPERATING OFFICER Officer | 14 | $1,418,629 | $0 | $333,703 |
| DENNIS HESCH | OFFICER - EVP, CHIEF FINANCE & STRATEGY OFFICER Officer | 6 | $1,175,111 | $0 | $332,566 |
| NAPOLEON KNIGHT MD MBA | OFFICER - EVP, CHIEF MEDICAL OFFICER Officer | 20 | $1,091,552 | $0 | $41,194 |
| LAURENCE FALLON JD | OFFICER - EVP, CHIEF LEGAL OFFICER Officer | 18 | $798,181 | $0 | $219,664 |
| LAUREN SCHMID MBA | OFFICER - EVP, CHIEF HUMAN RESOURCES OFFICER Officer | 20 | $878,588 | $0 | $105,168 |
| SHERFIELD DAWSON MD | BOARD MEMBER // PHYSICIAN Trustee or director | 0.1 | $0 | $893,402 | $46,277 |
| RYAN PORTER MD | BOARD MEMBER // PHYSICIAN Trustee or director | 1 | $0 | $831,258 | $62,358 |
| COLLEEN KANNADAY | PRESIDENT, CARLE HEALTH - CENTRAL REGION Highest-paid employee | 5 | $673,013 | $0 | $189,557 |
| ELIZABETH ANGELO DNP RN-BC | PRESIDENT, CARLE HEALTH - EAST REGION // CHIEF NURSING OFFICER Highest-paid employee | 0 | $621,149 | $0 | $117,677 |
| JOHN WIELAND MD | ASSOCIATE CHIEF MEDICAL OFFICER, BROMENN & EUREKA Highest-paid employee | 0 | $619,107 | $0 | $57,598 |
| DAWN WALDEN | SVP, CHIEF REVENUE CYCLE OFFICER Highest-paid employee | 23 | $653,053 | $0 | $17,675 |
| RICHARD RINEHART | VP, INFORMATION TECHNOLOGY & CHIEF INFORMATION OFFICER Key employee | 1 | $496,973 | $0 | $135,655 |
| CALEB MILLER | SVP, SURGICAL SERVICES & AMBULATORY CARE Highest-paid employee | 10 | $540,975 | $0 | $87,261 |
| AJA LYSTILA MD | BOARD MEMBER // PHYSICIAN Trustee or director | 0.1 | $0 | $475,149 | $58,400 |
14 more people on this return
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SCOTT HENDRIE | VP, FINANCE & TREASURY Key employee | 16 | $416,624 | $0 | $52,727 |
| MARY TREACY-SHIFF | VP, FINANCE & REPORTING Key employee | 10 | $348,015 | $0 | $57,948 |
| NICHOLAS CROMPTON | VP, CONSTRUCTION & FACILITY SERVICES Key employee | 21 | $303,209 | $0 | $84,556 |
| CHARLES DENNIS MD | FORMER OFFICER Former | 0 | $0 | $149,771 | $945 |
| URETZ OLIPHANT MD | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $131,034 | $7,632 |
| MARK CZYS | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| PAUL TUCKER PHD | CHAIR Trustee or director, Officer | 2 | $0 | $0 | $0 |
| DEBBIE SIMON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| DENNIS TRIGGS JD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| JAMEL WRIGHT PHD | BOARD MEMBER Trustee or director | 4 | $0 | $0 | $0 |
| JAMES STEVENSON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MARYJANE WURTH | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
| MICHAEL DEVOCELLE | BOARD MEMBER Trustee or director | 1.2 | $0 | $0 | $0 |
| PHYLLIS WISE PHD | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 29 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| James C Leonard MD | Ex-Officio, Officer - President & CEO Officer | 18 | $5,690,001 | $0 | $36,885 |
| Matthew Kolb JD MHA | Officer - President, Carle Health Regions // EVP, Chief Operating Officer Officer | 14 | $1,567,332 | $0 | $363,305 |
| Dennis Hesch | Officer - EVP, Chief Finance & Strategy Officer Officer | 7.5 | $1,395,995 | $0 | $366,889 |
| Laurence Fallon JD | Officer - EVP, Chief Legal Officer Officer | 18 | $926,444 | $0 | $234,361 |
| Lauren Schmid MBA | Officer - EVP, Chief Human Resources Officer Officer | 20 | $945,711 | $0 | $209,640 |
| Napoleon Knight MD MBA | Officer - EVP, Chief Medical Officer Officer | 20 | $940,875 | $0 | $115,459 |
| Sherfield Dawson MD | Trustee// Physician Trustee or director | 1 | $0 | $985,346 | $23,172 |
| Colleen Kannaday | President, Carle Health - Central Region Highest-paid employee | 9 | $815,721 | $0 | $35,766 |
| Ryan Porter MD | Trustee // Physician Trustee or director | 1 | $0 | $800,495 | $38,164 |
| Elizabeth Angelo DNP RN-BC | President, Carle Health - East Region // Chief Nursing Officer Highest-paid employee | 0 | $722,013 | $0 | $95,920 |
| Caleb Miller | SVP, Surgical Services & Ambulatory Care Highest-paid employee | 10 | $654,000 | $0 | $124,899 |
| Robert Healy MD | Associate Chief Medical Officer, Quality Patient Safety & Experience Highest-paid employee | 40 | $637,115 | $0 | $140,969 |
| Richard Rinehart | VP, Information Technology & Chief Information Officer Key employee | 40 | $612,255 | $0 | $136,585 |
| Kenneth Aronson MD | Former - Officer Former | 0 | $0 | $674,881 | $36,405 |
| John Wieland MD | Associate Chief Medical Officer, BroMenn & Eureka Highest-paid employee | 0 | $653,588 | $0 | $33,314 |
| Uretz Oliphant MD | Secretary/Treasurer Trustee or director, Officer | 1 | $0 | $589,881 | $35,685 |
| Aja Lystila MD | TRUSTEE - PHYSICIAN Trustee or director | 1 | $0 | $406,916 | $34,166 |
| Nicholas Crompton | VP, Construction & Facility Services Key employee | 21 | $364,372 | $0 | $68,059 |
| Charles Dennis MD | Former - Officer Former | 0 | $0 | $283,640 | $35,014 |
| Karl Appelquist | Immediate Past Chair Trustee or director, Officer | 0.3 | $0 | $0 | $0 |
| Mark Czys | Vice Chair Trustee or director, Officer | 2.5 | $0 | $0 | $0 |
| Paul Tucker PhD | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Debbie Simon | Trustee BEG 04/01/2023 Trustee or director | 1 | $0 | $0 | $0 |
| Dennis Triggs JD | Trustee BEG 04/01/2023 Trustee or director | 0.5 | $0 | $0 | $0 |
| Jamel Wright PhD | Trustee Trustee or director | 4 | $0 | $0 | $0 |
| James Stevenson | Trustee BEG 04/01/2023 Trustee or director | 2 | $0 | $0 | $0 |
| Maryjane Wurth | Trustee Trustee or director | 1 | $0 | $0 | $0 |
| Michael Devocelle | Trustee Trustee or director | 1.5 | $0 | $0 | $0 |
| Phyllis Wise PhD | Trustee Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 611 W PARK ST, URBANA, IL 61801-2529
- In care of
- % DENNIS P HESCH EXEC VP/CFO
- Principal officer (990 for 2024)
- DENNIS HESCH EXEC VP& CFO, 611 W PARK STREET, URBANA, IL 61801
- Signed the 990
- DENNIS HESCH, EXEC VP & CFO
- Phone
- (217) 383-3311
- Website
- www.carle.org
- Return prepared by
- ERNST & YOUNG US LLP
Mission
TO BE THE TRUSTED PARTNER IN ALL HEALTHCARE DECISIONS AND TO IMPROVE HEALTH BY PROVIDING HIGHLY ACCESSIBLE, WORLD-CLASS CARE AND SERVICES.
Program accomplishments
- THE CARLE FOUNDATION IS ORGANIZED AND AT ALL TIMES OPERATES EXCLUSIVELY FOR THE BENEFIT OF, TO PERFORM THE FUNCTIONS OF, AND TO CARRY OUT THE PURPOSES OF THE FOLLOWING HEALTHCARE ORGANIZATIONS WHICH ARE AFFILIATED WITH THE CORPORATION THROUGH THE PROVISION OF FINANCIAL AND MANAGEMENT ASSISTANCE: THE CARLE FOUNDATION HOSPITAL, CARLE BROMENN MEDICAL CENTER, CARLE EUREKA HOSPITAL, HOOPESTON COMMUNITY MEMORIAL HOSPITAL D/B/A CARLE HOOPESTON REGIONAL HEALTH CENTER, RICHLAND MEMORIAL HOSPITAL D/B/A CARLE RICHLAND MEMORIAL HOSPITAL, THE METHODIST MEDICAL CENTER OF ILLINOIS D/B/A CARLE HEALTH METHODIST HOSPITAL, PROCTOR HOSPITAL D/B/A CARLE HEALTH PROCTOR HOSPITAL, PEKIN MEMORIAL HOSPITAL D/B/A CARLE HEALTH PEKIN HOSPITAL, CARLE HEALTH CARE INCORPORATED D/B/A CARLE PHYSICIAN GROUP, THE CARLE DEVELOPMENT FOUNDATION D/B/A CARLE HEALTH CENTER FOR PHILANTHROPY, OR ANY OTHER NOT-FOR-PROFIT CORPORATION THAT IS OR BECOMES AFFILIATED WITH THE CORPORATION, OR ANY OF THE HEALTH CARE ORGANIZATIONS DESCRIBED IN THIS SECTION, WHICH QUALIFIES FOR EXEMPTION FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) AND AS A PUBLIC CHARITY UNDER SECTIONS 509(A)(1) OR (2) OF THE CODE. THE CARLE FOUNDATION: (A) SERVES AS THE PARENT CORPORATION FOR AN INTEGRATED HEALTH CARE DELIVERY NETWORK (B) PROVIDES FINANCING AND MANAGEMENT ASSISTANCE TO THE ORGANIZATIONS DESCRIBED ABOVE (C) ACQUIRES, OWNS, USES, LEASES AS LESSOR OR LESSEE, CONVEYS AND OTHERWISE DEALS IN AND WITH REAL PROPERTY AND ANY INTEREST THEREIN, ALL IN SUPPORT OF OR IN FURTHERANCE OF THE CHARITABLE PURPOSES OF THE ORGANIZATIONS DESCRIBED ABOVE (D) CONTRACTS WITH OTHER ORGANIZATIONS (FOR PROFIT AND NOT-FOR-PROFIT), WITH INDIVIDUALS, AND WITH GOVERNMENTAL AGENCIES IN SUPPORT OF, OR IN FURTHERANCE OF, THE CHARITABLE PURPOSES OF THE ORGANIZATIONS DESCRIBED ABOVE AND (E) OWNS OR OPERATES FACILITIES OR OWNS OTHER ASSETS FOR PUBLIC USE AND WELFARE IN FURTHERANCE OF THE CHARITABLE PURPOSES OF THE ORGANIZATIONS DESCRIBED ABOVE.Expenses $279,757,509 · grants $3,416,880 · revenue $594,319,931
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 37-0673465
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1948
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E210)
- Assets (IRS master file)
- $3,261,726,458
- Income (IRS master file)
- $945,666,916
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $693,331,990 | $641,458,723 | $3,261,726,458 | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $575,377,812 | $549,795,506 | $2,977,227,900 | XML |
| 990-T | December 2023 | – | – | – | IRS |
| 990 | December 2022 | $481,907,573 | $475,536,731 | $2,988,243,749 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 37-0673465).
Questions about THE CARLE FOUNDATION
- What is the EIN of THE CARLE FOUNDATION?
- The employer identification number (EIN) of THE CARLE FOUNDATION is 37-0673465.
- Is THE CARLE FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1948.
- Are donations to THE CARLE FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does THE CARLE FOUNDATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THE CARLE FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE CARLE FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE CARLE FOUNDATION?
- The 990 for the year ended December 31, 2024 names DENNIS HESCH EXEC VP& CFO.
- Who are the officers and directors of THE CARLE FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 29 people; 15 received compensation from the organization, the highest $2,298,226 (JAMES C LEONARD MD, EX-OFFICIO, OFFICER - PRESIDENT & CEO).
- How much revenue does THE CARLE FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $693,331,990, expenses of $641,458,723 and total assets of $3,261,726,458 at year end.
Other nonprofits in URBANA
- THE CARLE FOUNDATION HOSPITAL EIN 37-1119538 · last filed 990 for 2024
- METHODIST MEDICAL CENTER OF ILLINOIS EIN 37-0661223 · last filed 990 for 2024
- CARLE HEALTH MEDICAL GROUP EIN 37-1140016 · last filed 990 for 2024
- CARLE BROMENN MEDICAL CENTER EIN 85-0682363 · last filed 990 for 2024
- PROCTOR HOSPITAL EIN 37-0681540 · last filed 990 for 2024
- HOOPESTON COMMUNITY MEMORIAL HOSPITAL EIN 36-3637465 · last filed 990 for 2024
- RICHLAND MEMORIAL HOSPITAL INC EIN 37-1363001 · last filed 990 for 2024
- CARLE WEST PHYSICIAN GROUP INC EIN 85-0703768 · last filed 990 for 2024