Carle Development Foundation
- Assets
- $69.7m
- Revenue
- $7.9m
- Investments
- $14.8m
- Employees
- 28
- Location
- Urbana, IL
- Founding
- 11/1984
- Data as of
- 12/2022
- EIN
- 37-1159978
Organization Overview
Carle Development Foundation, operating under the name Carle Center For Philanthropy, is located in Urbana, IL. The organization was established in 1984. As of 12/2022, Carle Center For Philanthropy employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carle Center For Philanthropy is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Carle Center For Philanthropy generated $7.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $6.0m during the year ending 12/2022. While expenses have increased by 8.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Carle Center For Philanthropy has awarded 66 individual grants totaling $24,368,194. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO RAISE FUNDS TO SUPPORT THE CARLE FOUNDATION MISSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOSICK REHABILITATION - CARLE'S INPATIENT REHABILITATION CENTER REOPENED AS THE DR. ELIZABETH C. HOSICK REHABILITATION CENTER IN 2017 AFTER THE COMPLETION OF A TWO-PHASE RENOVATION AND EXPANSION PROJECT. THIS STATE-OF-THE-ART UNIT INCLUDES MORE SQUARE FOOTAGE, PRIVATE PATIENT ROOMS WITH OVERSIZED BATHROOMS, LIFTS IN EACH ROOM TO HELP PATIENTS MOVE FREELY, A NEW THERAPY GYM, A PRIVATE THERAPY AREA FOR PATIENTS WITH BRAIN INJURY OR HIGH LEVELS OF AGITATION, AN ACTIVITY OF DAILY LIVING APARTMENT FOR TRANSITIONING TO LIFE OUTSIDE THE HOSPITAL, AND A DRIVING SIMULATOR TO BOOST PATIENTS' CONFIDENCE BEHIND THE WHEEL. THE HOSICK REHABILITATION CENTER SERVES MORE THAN 300 PATIENTS EACH YEAR.
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.
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.
CATHY H. NOTTOLI MEMORIAL - CATHY NOTTOLI SPENT 20 YEARS AS A PHYSICIAN RECRUITER FOR THE HOSPITAL NOW KNOWN AS CARLE BROMENN MEDICAL CENTER. IN TRIBUTE TO HER CAREER, THE NEW LOBBY ON THE LOWER LEVEL OF THE CARLE BROMENN ATRIUM, SERVING RADIOLOGY AS WELL AS HEART AND VASCULAR PATIENTS, CARRIES HER NAME THANKS TO GENEROUS SUPPORT FROM HER FAMILY. THE RENOVATED LOBBY IS NOW A VIBRANT, OPEN, AND WELCOMING PUBLIC SPACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Secretary Of Board | OfficerTrustee | 1 | $0 |
Name Not Listed Ex-Officio, Voting; - President & CEO | OfficerTrustee | 2 | $0 |
Name Not Listed Treasurer Of Board | OfficerTrustee | 1 | $0 |
Name Not Listed Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Vice Chair | OfficerTrustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $262,952 |
| Related organizations | $2,314,030 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,058,491 |
| Noncash contributions included in lines 1a–1f | $22,357 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,635,473 |
| Total Program Service Revenue | $0 |
| Investment income | $940,621 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$2,816 |
| Net Income from Fundraising Events | $251,873 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $7,867,151 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,565,683 |
| Grants and other assistance to domestic individuals. | $69,123 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $223,063 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,173,847 |
| Pension plan accruals and contributions | $56,987 |
| Other employee benefits | $140,812 |
| Payroll taxes | $80,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $126 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $49,610 |
| Fees for services: Other | $194,848 |
| Advertising and promotion | $19,078 |
| Office expenses | $97,125 |
| Information technology | $46,797 |
| Royalties | $0 |
| Occupancy | $147,468 |
| Travel | $6,334 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,742 |
| Insurance | $917 |
| All other expenses | $1,424 |
| Total functional expenses | $5,974,030 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,619,969 |
| Pledges and grants receivable | $1,015,299 |
| Accounts receivable, net | $84,988 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $79 |
| Net Land, buildings, and equipment | $11,137,113 |
| Investments—publicly traded securities | $39,997,996 |
| Investments—other securities | $14,812,326 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $47,461 |
| Total assets | $69,715,231 |
| Accounts payable and accrued expenses | $301,724 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $22,471,547 |
| Total liabilities | $22,773,271 |
| Net assets without donor restrictions | $17,300,323 |
| Net assets with donor restrictions | $29,641,637 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $69,715,231 |
Grants Awarded
Over the last fiscal year, Carle Development Foundation has awarded $3,559,152 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
THE BOARD OF TRUSTEES OF THE UNIVERSITY OF ILLINOIS PURPOSE: PGRM Support & Research | $127,623 |
THE CARLE FOUNDATION PURPOSE: PGRM Support & Education | $1,718,441 |
THE CARLE FOUNDATION HOSPITAL PURPOSE: Patient Support & Education | $883,088 |
CARLE HEALTH CARE INCORPORATED PURPOSE: Patient Support & Education | $159,181 |
CARLE BROMENN MEDICAL CENTER PURPOSE: Patient Support & Education | $129,872 |
RICHLAND COMMUNITY MEMORIAL HOSPITAL INC PURPOSE: Patient Support & Education | $159,045 |