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Nonprofiteer
← CARLE DEVELOPMENT FOUNDATION

Form 990 for tax year 2022

Filed by CARLE DEVELOPMENT FOUNDATION.

Totals

Total revenue
$7,867,151
Total expenses
$5,974,030
Contributions and grants received
$6,635,473
Grants paid
$3,634,806
Program service revenue
$0
Investment income
$937,805
Other revenue
$293,873
Total assets, end of year
$69,715,231
Total liabilities, end of year
$22,773,271
Net assets or fund balances, end of year
$46,941,960
Program services expenses (Part IX)
$3,707,127
Management and general expenses
$0
Fundraising expenses
$2,266,903
Program service expenses (Part III)
$3,707,127

Program services were 62.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1c · Fundraising events

    $262,952

  • 1d · Related organizations

    $2,314,030

  • 1f · All other contributions, gifts and grants

    $4,058,491

  • 1g · Noncash contributions included above

    $22,357

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $940,621 · excluded $940,621

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7a · Gross sales of assets other than inventory

    securities $2,653,649

  • 7b · Less cost or other basis and sales expenses

    securities $2,656,465

  • 7c · Gain or loss

    securities -$2,816 · other assets $0

  • 7d · Net gain or loss

    total -$2,816 · excluded -$2,816

  • 8a · Fundraising events: gross income

    $348,610

  • 8a · Fundraising events: contributions included on line 1c

    $262,952

  • 8b · Fundraising events: direct expenses

    $96,737

  • 8c · Net income from fundraising events

    total $251,873 · excluded $251,873

  • 11a · Other revenue: FARM LEASE INCOME

    total $42,000 · excluded $42,000

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $42,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,565,683 · program services $3,565,683

  • 2 · Grants to domestic individuals

    total $69,123 · program services $69,123

  • 5 · Compensation of officers, directors and key employees

    total $223,063 · fundraising $223,063

  • 7 · Other salaries and wages

    total $1,173,847 · fundraising $1,173,847

  • 8 · Pension plan contributions

    total $56,987 · fundraising $56,987

  • 9 · Other employee benefits

    total $140,812 · fundraising $140,812

  • 10 · Payroll taxes

    total $80,679 · fundraising $80,679

  • 11d · Fees: lobbying

    total $126 · fundraising $126

  • 11f · Fees: investment management

    total $49,610 · fundraising $49,610

  • 11g · Fees: other

    total $194,848 · program services $0 · management and general $0 · fundraising $194,848

  • 12 · Advertising and promotion

    total $19,078 · fundraising $19,078

  • 13 · Office expenses

    total $97,125 · fundraising $97,125

  • 14 · Information technology

    total $46,797 · fundraising $46,797

  • 16 · Occupancy

    total $147,468 · fundraising $147,468

  • 17 · Travel

    total $6,334 · fundraising $6,334

  • 19 · Conferences, conventions and meetings

    total $1,667 · fundraising $1,667

  • 22 · Depreciation, depletion and amortization

    total $2,742 · fundraising $2,742

  • 23 · Insurance

    total $917 · fundraising $917

  • 24a · Other expenses: MISC ANNUITIES

    total $72,321 · program services $72,321

  • 24b · Other expenses: NON-PHYSICIAN RECRUITMENT

    total $17,500 · fundraising $17,500

  • 24c · Other expenses: PATIENT CARE SUPPLIES

    total $73 · fundraising $73

  • 24d · Other expenses: Not Allowable Costs

    total $5,806 · fundraising $5,806

  • 24e · All other expenses

    total $1,424 · program services $0 · management and general $0 · fundraising $1,424

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $2,831,773 · end of year $2,619,969

  • 3 · Pledges and grants receivable

    beginning of year $2,221,144 · end of year $1,015,299

  • 4 · Accounts receivable

    beginning of year $84,988 · end of year $84,988

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $52 · end of year $79

  • 10a · Land, buildings and equipment: cost or other basis

    $11,239,833

  • 10b · Land, buildings and equipment: accumulated depreciation

    $102,720

  • 10c · Land, buildings and equipment, net

    beginning of year $11,147,645 · end of year $11,137,113

  • 11 · Investments: publicly traded securities

    beginning of year $39,570,954 · end of year $39,997,996

  • 12 · Investments: other securities

    beginning of year $14,550,322 · end of year $14,812,326

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $47,461 · end of year $47,461

  • 17 · Accounts payable and accrued expenses

    beginning of year $373,701 · end of year $301,724

  • 19 · Deferred revenue

    beginning of year $10,406

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $21,026,215 · end of year $22,471,547

  • 27 · Net assets without donor restrictions

    beginning of year $17,469,911 · end of year $17,300,323

  • 28 · Net assets with donor restrictions

    beginning of year $31,574,106 · end of year $29,641,637

Mission and programs · 2022

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. WHICH IS TO PROVIDE HIGH QUALITY HEALTH CARE, ADVANCE MEDICAL RESEARCH AND EDUCATION IN CENTRAL ILLINOIS.

Activities or mission (Part I)

TO RAISE FUNDS TO SUPPORT THE CARLE FOUNDATION MISSION.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $1,026,716 · Grants $1,026,716

  • SENSORY FRIENDLY INITIATIVES - IN SEPTEMBER 2020, CARLE HEALTH CENTER FOR PHILANTHROPY LAUNCHED EFFORTS TO FULLY FUND A SENSORY FRIENDLY INITIATIVE THROUGHOUT THE CARLE HEALTH SYSTEM. PROCEEDS FROM THE ANNUAL EMPLOYEE GIVING CAMPAIGN AND CARLE GOLF OPEN WERE USED TO EDUCATE STAFF, TRANSFORM THE ENVIRONMENT, AND PROVIDE HELPFUL DISTRACTIONS - ALL FOR THE PURPOSE OF HELPING THOSE WITH AUTISIM NAVIGATE THE HEALTHCARE ENVIRONMENT. TO DATE, SIX SENSORY-FRIENDLY SPACES HAVE BEEN COMPLETED, THOUSANDS OF SENSORY FRIENDLY KITS HAVE BEEN DISTRIBUTED TO PATIENT CARE AREAS AND MORE THAN 7,500 TEAM MEMBERS HAVE RECEIVED AUTISM AWARENESS TRAINING.

    Expenses $428,365 · Grants $428,365

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $198,465 · Grants $198,465

  • 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 $2,053,581 · Grants $1,981,260

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Bud Leister

    Secretary of Board

    Total calculated
    $0
    Hours/week
    1

  • James C Leonard MD

    Ex-Officio, Voting; - President & CEO

    Total calculated
    $2,801,918
    From this org
    $0
    From related orgs
    $2,140,109
    Other
    $661,809
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $1,607,032 related
    Bonus
    $0 + $528,517 related
    Other
    $0 + $4,560 related
    Deferred
    $0 + $643,876 related
    Nontaxable benefits
    $0 + $17,933 related
    Filer's total
    $0 + $2,801,918 related

  • Joseph Barkmeier MD

    Treasurer of Board

    Total calculated
    $0
    Hours/week
    1

  • Mary McGrath

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Phillip Blankenburg

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Curt Anderson

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Donna Greene

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Julia Eichorst

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Justin Kirby

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Karl Appelquist

    Ex-Officio, Voting

    Total calculated
    $0
    Hours/week
    1

  • Kathy Aquino

    Ex-Officio, Voting

    Total calculated
    $0
    Hours/week
    1

  • Malec Mokraoui MD

    Trustee

    Total calculated
    $522,095
    From this org
    $0
    From related orgs
    $463,282
    Other
    $58,813
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $461,430 related
    Bonus
    $0
    Other
    $0 + $1,852 related
    Deferred
    $0 + $39,510 related
    Nontaxable benefits
    $0 + $19,303 related
    Filer's total
    $0 + $522,095 related

  • Paul Tucker PhD

    Ex-Officio, Voting

    Total calculated
    $0
    Hours/week
    1

  • Rick Stephens

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Scott Reichard

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Shirley Witte

    Ex-Officio, Voting

    Total calculated
    $0
    Hours/week
    1

  • Will Timmons

    Trustee

    Total calculated
    $0
    Hours/week
    1

  • Dennis Hesch

    EVP, Chief Finance & Strategy Officer

    Total calculated
    $1,700,899
    From this org
    $0
    From related orgs
    $1,286,099
    Other
    $414,800
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $993,973 related
    Bonus
    $0 + $288,063 related
    Other
    $0 + $4,063 related
    Deferred
    $0 + $396,203 related
    Nontaxable benefits
    $0 + $18,597 related
    Filer's total
    $0 + $1,700,899 related

  • Matthew Kolb JD MHA

    EVP, Chief Operating Officer

    Total calculated
    $1,757,452
    From this org
    $0
    From related orgs
    $1,363,262
    Other
    $394,190
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $979,097 related
    Bonus
    $0 + $225,035 related
    Other
    $0 + $159,130 related
    Deferred
    $0 + $368,388 related
    Nontaxable benefits
    $0 + $25,802 related
    Filer's total
    $0 + $1,757,452 related

  • Lauren Schmid

    EVP, Chief Human Resources Officer

    Total calculated
    $1,001,069
    From this org
    $0
    From related orgs
    $772,322
    Other
    $228,747
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $550,105 related
    Bonus
    $0 + $123,287 related
    Other
    $0 + $98,930 related
    Deferred
    $0 + $204,706 related
    Nontaxable benefits
    $0 + $24,041 related
    Filer's total
    $0 + $1,001,069 related

  • Lizbeth Katsinas

    VP, Center for Philantropy

    Total calculated
    $379,673
    From this org
    $0
    From related orgs
    $314,146
    Other
    $65,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $271,154 related
    Bonus
    $0 + $40,715 related
    Other
    $0 + $2,277 related
    Deferred
    $0 + $64,125 related
    Nontaxable benefits
    $0 + $1,402 related
    Filer's total
    $0 + $379,673 related

  • Shelleigh Birlingmair

    VP, BroMenn & Eureka Development

    Total calculated
    $218,520
    From this org
    $171,821
    From related orgs
    $0
    Other
    $46,699
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,037
    Bonus
    $23,487
    Other
    $1,297
    Deferred
    $32,510
    Nontaxable benefits
    $14,189
    Filer's total
    $218,520

  • Laura Caveny

    Director, Development & Grateful Giving CFH

    Total calculated
    $125,849
    From this org
    $116,701
    From related orgs
    $0
    Other
    $9,148
    Hours/week
    40

  • Roger Laramee

    Director, Development CFH

    Total calculated
    $148,075
    From this org
    $137,860
    From related orgs
    $0
    Other
    $10,215
    Hours/week
    40

  • Laurence Fallon

    Former - Key Employee

    Total calculated
    $1,141,155
    From this org
    $0
    From related orgs
    $851,281
    Other
    $289,874
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $678,156 related
    Bonus
    $0 + $168,917 related
    Other
    $0 + $4,208 related
    Deferred
    $0 + $264,214 related
    Nontaxable benefits
    $0 + $25,660 related
    Filer's total
    $0 + $1,141,155 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

  • 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, THE PARENT ORGANIZATION OF CARLE DEVELOPMENT 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 2022 PARTICIPANTS IN THE 457(F) PLAN OFFERED BY CARLE FOUNDATION, THE PARENT ORGANIZATION OF THE CARLE DEVELOPMENT FOUNDATION, THAT ARE LISTED IN THE 990 PART VII INCLUDE JAMES LEONARD, MD, DENNIS HESCH, MATTHEW KOLB, LAUREN SCHMID, LIZABETH KATSINAS, SHELLEIGH BIRLINGMAIR, AND LAURENCE FALLON. THE 2022 PAYMENTS FROM THE 457(F) PLAN WERE MADE TO JAMES LEONARD, MD ($497), MATTHEW KOLB ($155,067), AND LAUREN SCHMID ($95,210).
Schedule J, Part I, Line 7 Non-fixed payments
PART OF THE OVERALL EMPLOYEE'S 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 DIRECTORS 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.

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349318481

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