Nonprofit · EIN 37-1159978
CARLE DEVELOPMENT FOUNDATION
Tax-exempt · URBANA, IL 61801
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $17,396,365 | $17,804,303 | -$407,938 | $113,837,041 | $18,719,108 | $95,117,933 |
| December 31, 2023 | 990 | $12,643,536 | $9,529,648 | $3,113,888 | $114,616,141 | $20,336,167 | $94,279,974 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,257,256
- of which government grants
- $13,634
- Program service revenue
- $0
- Investment income
- $4,243,983
- Net gain from sales of assets
- $1,559,395
- Net income from fundraising events
- -$151,772
- Net income from gaming
- $12,298
- Other revenue
- -$104,874
Expenses
- Grants and similar amounts paid
- $14,761,213
- Compensation of officers, directors and key employees
- $365,674
- Other salaries and wages
- $1,668,160
- Salaries, compensation and benefits (total)
- $2,520,450
- Professional fundraising fees
- $0
- Occupancy
- $77,817
- Travel
- $5,441
- Depreciation
- $2,221
- Program services (functional)
- $14,808,391
- Management and general (functional)
- $155,043
- Fundraising (functional)
- $2,840,869
Balance sheet and other
- Total assets, start of year
- $114,616,141
- Total assets, end of year
- $113,837,041
- Total liabilities, end of year
- $18,719,108
- Net assets, end of year
- $95,117,933
- Land, buildings and equipment
- $14,263,388
- Publicly traded securities
- $62,667,116
- Net assets without donor restrictions
- $33,232,951
- Net assets with donor restrictions
- $61,884,982
- Gross receipts
- $25,511,293
- Employees
- 32
- Volunteers
- 368
- Year formed
- 1982
- 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, Voting // President & CEO Trustee or director, Officer | 1.5 | $0 | $2,298,226 | $50,256 |
| Matthew Kolb JD MHA | Officer - President, Carle Health Regions // EVP, COO Officer | 1 | $0 | $1,418,629 | $333,703 |
| Dennis Hesch | Officer - EVP, Chief Finance & Strategy Officer Officer | 1 | $0 | $1,175,110 | $332,566 |
| Lauren Schmid MBA | EVP, Chief Human Resources Officer Key employee | 1 | $0 | $878,588 | $105,168 |
| Ken Dicken MBA | VP, Finance - West Region Key employee | 1 | $0 | $375,119 | $72,807 |
| Lizbeth Katsinas | BOARD MEMBER // VP, Center for Philanthropy Trustee or director | 39 | $0 | $378,449 | $60,862 |
| Nicholas Crompton | VP, Construction & Facility Services Key employee | 1 | $0 | $303,209 | $84,556 |
| Shelleigh Birlingmair | VP, BroMenn & Eureka Development Key employee | 40 | $184,688 | $0 | $46,482 |
| Ross Richards | Director, Philanthropy Operations Highest-paid employee | 40 | $149,773 | $0 | $40,827 |
| Roger Laramee | Executive Director, Development East Region Key employee | 40 | $160,995 | $0 | $10,092 |
| Andrew Bond | Director, BroMenn Development Highest-paid employee | 40 | $129,527 | $0 | $39,327 |
| Angela Hatfield | Executive Director, Development & Campaigns Highest-paid employee | 40 | $136,445 | $0 | $31,034 |
| Timothy Stedman | Director, Carle Health - West Region Development Highest-paid employee | 40 | $151,283 | $0 | $9,836 |
| Nicole Hayse | Executive Director, Development Highest-paid employee | 40 | $111,317 | $0 | $24,975 |
| Mary McGrath | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
8 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Phillip Blankenburg | BOARD MEMBER - East Region, Vice Chair, Secretary & Treasurer Trustee or director, Officer | 1 | $0 |
| Adam Hawks | BOARD MEMBER - West Region Trustee or director | 0.5 | $0 |
| Brandon Moss | BOARD MEMBER - West Region Trustee or director | 2 | $0 |
| Courtney Zell Armstrong | BOARD MEMBER - Central Region Trustee or director | 1 | $0 |
| Julia Eichhorst | BOARD MEMBER - South Region Trustee or director | 1 | $0 |
| Marc Largent | BOARD MEMBER - Central Region Trustee or director | 1 | $0 |
| Rick Stephens | BOARD MEMBER Trustee or director | 0.5 | $0 |
| Russ Leigh | BOARD MEMBER - East Region Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| James C Leonard MD | Ex Officio, Voting // President & CEO Trustee or director, Officer | 1.5 | $0 | $5,690,001 | $36,885 |
| Matthew Kolb JDMHA | Officer - President, Carle Health Regions // EVP, COO Officer | 1 | $0 | $1,567,332 | $363,305 |
| Dennis Hesch | Officer - EVP, Chief Finance & Strategy Officer Officer | 1 | $0 | $1,395,995 | $366,889 |
| Laurence Fallon JD | Former - Key Employee Former | 0 | $0 | $926,444 | $234,361 |
| Lauren Schmid MBA | EVP, Chief Human Resources Officer Key employee | 1 | $0 | $945,711 | $209,640 |
| Lizbeth Katsinas | VP, Center for Philanthropy Key employee | 40 | $0 | $433,168 | $52,520 |
| Shelleigh Birlingmair | VP, BroMenn & Eureka Development Key employee | 40 | $200,972 | $0 | $19,763 |
| Ross Richards | Director, Philanthropy Operations Highest-paid employee | 40 | $150,411 | $0 | $29,774 |
| Roger Laramee | Executive Director, Development East Region Key employee | 40 | $166,784 | $0 | $2,992 |
| Andrew Bond | Director, BroMenn Development Highest-paid employee | 40 | $140,412 | $0 | $28,774 |
| Sharla Jolly | Director, Leadership Giving Highest-paid employee | 40 | $125,875 | $0 | $20,096 |
| Mary McGrath | Chair Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Phillip Blankenburg | Trustee - East Region, Vice Chair, Secretary & Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| Adam Hawks | Trustee - West Region BEG 02/28/2023 Trustee or director | 0.5 | $0 | $0 | $0 |
| Brandon Moss | Trustee - West Region BEG 02/28/2023 Trustee or director | 2 | $0 | $0 | $0 |
| Courtney Zell Armstrong | Trustee - Central Region BEG 02/28/2023 Trustee or director | 1 | $0 | $0 | $0 |
| Julia Eichhorst | Trustee - South Region Trustee or director | 1 | $0 | $0 | $0 |
| Marc Largent | Trustee - Central Region BEG 02/28/2023 Trustee or director | 1 | $0 | $0 | $0 |
| Rick Stephens | Trustee Trustee or director | 2 | $0 | $0 | $0 |
| Russ Leigh | Trustee - East Region BEG 02/28/2023 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 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 RAISE FUNDS FROM THE PUBLIC AND OTHER SOURCES, MAINTAIN THOSE FUNDS AND, AS APPROPRIATE, EXPEND PRINCIPAL AND INCOME TO SUPPORT THE CARLE FOUNDATION MISSION OF PROVIDING HIGH QUALITY HEALTH CARE AND ADVANCING MEDICAL RESEARCH AND EDUCATION IN CENTRAL ILLINOIS.
Program accomplishments
- GREATER PEORIA YOUNG MINDS PROJECT BUILDING COSTS - THE YOUNG MINDS PROJECT BULIDNG COSTS FUND SUPPORTS THE TRANSFORMATION OF A FORMER SKILLED NURSING FACILITY IN WEST PEORIA INTO A STATE-OF-THE-ART CHILD AND ADOLESCENT BEHAVIORAL HEALTH CENTER, TRILLUM PLACE YOUNG MINDS CENTER, AN AFFILIATE OF CARLE HEALTH. THE PURCHASE OF THE BUILDING AND THE RENOVATION EXPENSES WERE MADE POSSIBLE BY THIS FUND.Expenses $7,636,132 · grants $7,636,132
- CRITICAL CARE TRANSPORT - THIS FUND SUPPORTS THE CRITICAL CARE TRANSPORT PROGRAM AT CARLE. PURCHASES INCLUDE AN ADVANCED CRITICAL CARE GROUND AMBULANCE, A HAMILTON VENTILATOR, AND AN ADVANCED HUMAN PATIENT SIMULATOR, ENHANCING EMERGENCY RESPONSE TRAINING THROUGHOUT CARLE'S SERVICE REGION.Expenses $573,764 · grants $573,764
- STEPHENS FAMILY INNOVATIONS IN MEDICAL RESEARCH - THE STEPHENS FAMILY INNOVATIONS IN MEDICAL RESEARCH FUND SUPPORTS RESEARCH LED BY CARLE HEALTH CLINICIAN SCIENTISTS IN COLLABORATION WITH UNIVERSITY OF ILLINOIS RESEARCHERS. IT IS DESIGNED TO DIRECTLY IMPACT PATIENT CARE IN OUR COMMUNITY AND BEYOND. THESE PROJECTS ALSO INVOLVE MEDICAL STUDENTS AT CARLE ILLINOIS COLLEGE OF MEDICINE AND CONTRIBUTE TO THE TRAINING OF FUTURE GENERATIONS OF PHYSICIAN SCIENTISTS.Expenses $484,605 · grants $484,605
- OTHER PROGRAM SERVICE - OTHER PROGRAMS FUNDED AND SUPPORTED BY THE CARLE DEVELOPMENT FOUNDATION INCLUDE RURAL HEALTH AND FARM SAFETY, RESEARCH IN MANY AREAS INCLUDING CANCER/CARDIOLOGY/DIGESTIVE HEALTH/GENERAL NURSING, MEDICAL EDUCATION IN BOTH HOSPITAL SETTINGS AND COMMUNITY SETTINGS, PEDIATRICS INITIATIVES AND PATIENT CARE.Expenses $6,113,890 · grants $6,066,712
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
- 37-1159978
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1984
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E00J)
- Assets (IRS master file)
- $113,837,041
- Income (IRS master file)
- $25,511,293
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $17,396,365 | $17,804,303 | $113,837,041 | XML |
| 990 | December 2023 | $12,643,536 | $9,529,648 | $114,616,141 | XML |
| 990 | December 2022 | $7,867,151 | $5,974,030 | $69,715,231 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990 | December 2016 | – | – | – | 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 37-1159978).
Questions about CARLE DEVELOPMENT FOUNDATION
- What is the EIN of CARLE DEVELOPMENT FOUNDATION?
- The employer identification number (EIN) of CARLE DEVELOPMENT FOUNDATION is 37-1159978.
- Is CARLE DEVELOPMENT FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
- Are donations to CARLE DEVELOPMENT FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CARLE DEVELOPMENT 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 CARLE DEVELOPMENT 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 CARLE DEVELOPMENT 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 CARLE DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 names DENNIS HESCH EXEC VP & CFO.
- Who are the officers and directors of CARLE DEVELOPMENT FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 23 people; 7 received compensation from the organization.
- How much revenue does CARLE DEVELOPMENT FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $17,396,365, expenses of $17,804,303 and total assets of $113,837,041 at year end.
Other nonprofits in URBANA
- THE CARLE FOUNDATION HOSPITAL EIN 37-1119538 · last filed 990 for 2024
- THE CARLE FOUNDATION EIN 37-0673465 · 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