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Nonprofiteer
← THE CARLE FOUNDATION

Form 990 for tax year 2023

Filed by THE CARLE FOUNDATION.

Totals

Total revenue
$575,377,812
Total expenses
$549,795,506
Contributions and grants received
$1,004,763
Grants paid
$2,640,336
Program service revenue
$529,712,604
Investment income
$35,826,874
Other revenue
$8,833,571
Total assets, end of year
$2,977,227,900
Total liabilities, end of year
$1,393,340,348
Net assets or fund balances, end of year
$1,583,887,552
Program services expenses (Part IX)
$225,199,357
Management and general expenses
$324,596,149
Fundraising expenses
$0
Program service expenses (Part III)
$225,199,357

Program services were 41.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • Karl Appelquist

    Immediate Past Chair

    Total calculated
    $0
    Hours/week
    0.3 + 5 related

  • Mark Czys

    Vice Chair

    Total calculated
    $0
    Hours/week
    2.5 + 5 related

  • Paul Tucker PhD

    Chair

    Total calculated
    $0
    Hours/week
    2 + 5 related

  • Uretz Oliphant MD

    Secretary/Treasurer

    Total calculated
    $625,566
    From this org
    $0
    From related orgs
    $589,881
    Other
    $35,685
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $563,944 related
    Bonus
    $0
    Other
    $0 + $25,937 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $19,185 related
    Filer's total
    $0 + $625,566 related

  • Aja Lystila MD

    TRUSTEE - PHYSICIAN

    Total calculated
    $441,082
    From this org
    $0
    From related orgs
    $406,916
    Other
    $34,166
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $336,287 related
    Bonus
    $0 + $67,393 related
    Other
    $0 + $3,236 related
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $27,566 related
    Filer's total
    $0 + $441,082 related

  • Debbie Simon

    Trustee BEG 04/01/2023

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • Dennis Triggs JD

    Trustee BEG 04/01/2023

    Total calculated
    $0
    Hours/week
    0.5 + 5 related

  • Jamel Wright PhD

    Trustee

    Total calculated
    $0
    Hours/week
    4

  • James Stevenson

    Trustee BEG 04/01/2023

    Total calculated
    $0
    Hours/week
    2 + 10 related

  • Maryjane Wurth

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Michael Devocelle

    Trustee

    Total calculated
    $0
    Hours/week
    1.5 + 5 related

  • Phyllis Wise PhD

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Ryan Porter MD

    Trustee // Physician

    Total calculated
    $838,659
    From this org
    $0
    From related orgs
    $800,495
    Other
    $38,164
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $636,880 related
    Bonus
    $0 + $137,678 related
    Other
    $0 + $25,937 related
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $31,564 related
    Filer's total
    $0 + $838,659 related

  • Sherfield Dawson MD

    Trustee// Physician

    Total calculated
    $1,008,518
    From this org
    $0
    From related orgs
    $985,346
    Other
    $23,172
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $763,189 related
    Bonus
    $0 + $218,620 related
    Other
    $0 + $3,537 related
    Deferred
    $0 + $6,600 related
    Nontaxable benefits
    $0 + $16,572 related
    Filer's total
    $0 + $1,008,518 related

  • Dennis Hesch

    Officer - EVP, Chief Finance & Strategy Officer

    Total calculated
    $1,762,884
    From this org
    $1,395,995
    From related orgs
    $0
    Other
    $366,889
    Hours/week
    7.5 + 32.5 related

    Schedule J breakdown matched by us

    Base
    $1,104,200
    Bonus
    $262,608
    Other
    $29,187
    Deferred
    $346,286
    Nontaxable benefits
    $20,603
    Filer's total
    $1,762,884

  • James C Leonard MD

    Ex-Officio, Officer - President & CEO

    Total calculated
    $5,726,886
    From this org
    $5,690,001
    From related orgs
    $0
    Other
    $36,885
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $1,690,975
    Bonus
    $443,047
    Other
    $3,555,979
    Deferred
    $16,500
    Nontaxable benefits
    $20,385
    Filer's total
    $5,726,886

  • Lauren Schmid MBA

    Officer - EVP, Chief Human Resources Officer

    Total calculated
    $1,155,351
    From this org
    $945,711
    From related orgs
    $0
    Other
    $209,640
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $674,332
    Bonus
    $113,339
    Other
    $158,040
    Deferred
    $182,309
    Nontaxable benefits
    $27,331
    Filer's total
    $1,155,351

  • Laurence Fallon JD

    Officer - EVP, Chief Legal Officer

    Total calculated
    $1,160,805
    From this org
    $926,444
    From related orgs
    $0
    Other
    $234,361
    Hours/week
    18 + 22 related

    Schedule J breakdown matched by us

    Base
    $738,955
    Bonus
    $158,380
    Other
    $29,109
    Deferred
    $210,158
    Nontaxable benefits
    $24,203
    Filer's total
    $1,160,805

  • Matthew Kolb JD MHA

    Officer - President, Carle Health Regions // EVP, Chief Operating Officer

    Total calculated
    $1,930,637
    From this org
    $1,567,332
    From related orgs
    $0
    Other
    $363,305
    Hours/week
    14 + 26 related

    Schedule J breakdown matched by us

    Base
    $1,092,613
    Bonus
    $219,047
    Other
    $255,672
    Deferred
    $335,494
    Nontaxable benefits
    $27,811
    Filer's total
    $1,930,637

  • Napoleon Knight MD MBA

    Officer - EVP, Chief Medical Officer

    Total calculated
    $1,056,334
    From this org
    $940,875
    From related orgs
    $0
    Other
    $115,459
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $775,491
    Bonus
    $136,231
    Other
    $29,153
    Deferred
    $103,114
    Nontaxable benefits
    $12,345
    Filer's total
    $1,056,334

  • Nicholas Crompton

    VP, Construction & Facility Services

    Total calculated
    $432,431
    From this org
    $364,372
    From related orgs
    $0
    Other
    $68,059
    Hours/week
    21 + 19 related

    Schedule J breakdown matched by us

    Base
    $291,871
    Bonus
    $30,843
    Other
    $41,658
    Deferred
    $37,180
    Nontaxable benefits
    $30,879
    Filer's total
    $432,431

  • Richard Rinehart

    VP, Information Technology & Chief Information Officer

    Total calculated
    $748,840
    From this org
    $612,255
    From related orgs
    $0
    Other
    $136,585
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $478,716
    Bonus
    $51,687
    Other
    $81,852
    Deferred
    $114,199
    Nontaxable benefits
    $22,386
    Filer's total
    $748,840

  • Caleb Miller

    SVP, Surgical Services & Ambulatory Care

    Total calculated
    $778,899
    From this org
    $654,000
    From related orgs
    $0
    Other
    $124,899
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $427,754
    Bonus
    $63,119
    Other
    $163,127
    Deferred
    $96,647
    Nontaxable benefits
    $28,252
    Filer's total
    $778,899

  • Colleen Kannaday

    President, Carle Health - Central Region

    Total calculated
    $851,487
    From this org
    $815,721
    From related orgs
    $0
    Other
    $35,766
    Hours/week
    9 + 31 related

    Schedule J breakdown matched by us

    Base
    $623,587
    Bonus
    $164,842
    Other
    $27,292
    Deferred
    $6,600
    Nontaxable benefits
    $29,166
    Filer's total
    $851,487

  • Elizabeth Angelo DNP RN-BC

    President, Carle Health - East Region // Chief Nursing Officer

    Total calculated
    $817,933
    From this org
    $722,013
    From related orgs
    $0
    Other
    $95,920
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $540,222
    Bonus
    $75,108
    Other
    $106,683
    Deferred
    $64,797
    Nontaxable benefits
    $31,123
    Filer's total
    $817,933

  • John Wieland MD

    Associate Chief Medical Officer, BroMenn & Eureka

    Total calculated
    $686,902
    From this org
    $653,588
    From related orgs
    $0
    Other
    $33,314
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $564,563
    Bonus
    $64,312
    Other
    $24,713
    Deferred
    $6,600
    Nontaxable benefits
    $26,714
    Filer's total
    $686,902

  • Robert Healy MD

    Associate Chief Medical Officer, Quality Patient Safety & Experience

    Total calculated
    $778,084
    From this org
    $637,115
    From related orgs
    $0
    Other
    $140,969
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $494,792
    Bonus
    $52,348
    Other
    $89,975
    Deferred
    $118,798
    Nontaxable benefits
    $22,171
    Filer's total
    $778,084

  • Charles Dennis MD

    Former - Officer

    Total calculated
    $318,654
    From this org
    $0
    From related orgs
    $283,640
    Other
    $35,014
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $255,906 related
    Bonus
    $0 + $24,327 related
    Other
    $0 + $3,407 related
    Deferred
    $0 + $12,918 related
    Nontaxable benefits
    $0 + $22,096 related
    Filer's total
    $0 + $318,654 related

  • Kenneth Aronson MD

    Former - Officer

    Total calculated
    $711,286
    From this org
    $0
    From related orgs
    $674,881
    Other
    $36,405
    Hours/week
    0 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $548,487 related
    Bonus
    $0 + $100,157 related
    Other
    $0 + $26,237 related
    Deferred
    $0 + $16,500 related
    Nontaxable benefits
    $0 + $19,905 related
    Filer's total
    $0 + $711,286 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE BOARD OF TRUSTEES OF THE CARLE FOUNDATION, THROUGH ITS COMPENSATION COMMITTEE COMPRISED OF INDEPENDENT MEMBERS FREE OF CONFLICT, ANNUALLY REVIEWS EXECUTIVE COMPENSATION LEVELS AND ESTABLISHES APPROPRIATE SALARY RANGES AND OTHER FEATURES OF THE COMPENSATION PLAN IN ACCORDANCE WITH THE ORGANIZATION'S APPROVED COMPENSATION PHILOSOPHY AND STRATEGY: - THE COMMITTEE IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES; WHO ARE INDEPENDENT OF THE CARLE FOUNDATION MANAGEMENT; HAVE NO PERSONAL INTEREST IN THE COMPENSATION ARRANGEMENTS; ARE NOT RELATED TO, OR UNDER THE CONTROL OF ANY INDIVIDUAL WHOSE COMPENSATION ARRANGEMENT IS BEING REVIEWED; AND HAVE NO MATERIAL BUSINESS RELATIONSHIP WITH THE CARLE FOUNDATION. - THE CHIEF EXECUTIVE OFFICER'S COMPENSATION IS DETERMINED BY THE COMPENSATION COMMITTEE IN RELATION TO APPROPRIATE COMPARABILITY DATA. COMPENSATION FOR OTHER MEMBERS OF THE EXECUTIVE STAFF IS DEVELOPED BY THE CEO, EVALUATED AGAINST MARKET DATA, AND REVIEWED AND APPROVED BY THE COMMITTEE. - THE COMMITTEE APPROVES ALL ANNUAL COMPENSATION DECISIONS IN ADVANCE OF THEIR IMPLEMENTATION AND DOCUMENTS ITS DETERMINATIONS AND DISCUSSIONS. - THE COMPENSATION COMMITTEE RELIES UPON A NUMBER OF EXTERNAL RESOURCES AND COMPARISONS, AND ITS ANALYSIS INCLUDES TOTAL COMPENSATION (CASH COMPENSATION PLUS BENEFITS PROVIDED BY THE CARLE FOUNDATION) IN RELATION TO ORGANIZATIONAL PERFORMANCE AND PREVAILING INDUSTRY PRACTICES FOR LIKE RESPONSIBILITIES AT COMPARABLY-SIZED ORGANIZATIONS. THE COMMITTEE HAS ENGAGED THE SERVICES OF A COMPENSATION CONSULTING FIRM SPECIALIZING IN THE NOT-FOR-PROFIT SECTOR WHICH HAS WORKED WITH THE CARLE FOUNDATION AND MAKES ITS REPORTS DIRECTLY AVAILABLE TO THE COMPENSATION COMMITTEE.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
THE 2023 PARTICIPANTS IN THE 457(F) PLAN OFFERED BY THE CARLE FOUNDATION, THAT ARE LISTED IN THE 990 PART VII INCLUDE JAMES C. LEONARD, MD, LAURENCE FALLON, JD, DENNIS HESCH, MD, NAPOLEON KNIGHT, MD, MBA, MATTHEW KOLB, JD, MHA, LAUREN SCHMID, MBA, NICHOLAS CROMPTON, RICHARD RINEHART, COLLEEN KANNADAY, ELIZABETH ANGELO, DNP, RN-BC, CALEB MILLER, AND ROBERT HEALY, MD. THE 2023 PAYMENTS FROM THE 457(F) PLAN WERE MADE TO JAMES C. LEONARD, MD ($3,526,792), MATTHEW KOLB, JD, MHA ($226,485), LAUREN SCHMID, MBA ($128,983), AND CALEB MILLER ($80,698).
Schedule J, Part I, Line 7 Non-fixed payments
PART OF THE OVERALL EMPLOYEES' COMPENSATION PROGRAM INCLUDES AN INCENTIVE COMPONENT THAT COVERS MOST EMPLOYEES AND IS DESIGNED TO ENCOURAGE AND PROMOTE THE ACHIEVEMENT OF CERTAIN QUALITY, OPERATIONAL, AND EFFICIENCY IMPROVEMENTS. ALTHOUGH THIS INCENTIVE COMPONENT IS BASED ON THE ORGANIZATION MEETING CERTAIN MINIMUM FINANCIAL THRESHOLDS, ALL PAYMENTS MUST BE APPROVED BY THE BOARD OF TRUSTEES PRIOR TO ANY INCENTIVE PAYOUT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349319389

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