The Carle Foundation

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To be the trusted partner in all healthcare decisions and improve health by providing highly accessible world-class care and service.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-0673465) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
44¢ of each $1 spent went to programs.
$15.9M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $46.5M a year · 8% of revenue · last 5 filings
A surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
44%
of spending
44% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$15.9M
to officers and key staff · 2% of spending
Pay to officers and key staff is 2% of spending.
Part VII, Section A
Named funders
3
named funders · $813K
3 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$1.4B
44% of total assets
Liabilities are 44% of assets.
Pt X · Ln 26
Revenue
$693.3M
+21% vs prior year
Spent
$641.5M
To programs
44%
Net assets
$1.8B
By yearFY2020–FY2024
Revenue
$693.3M
FY2024▲ +21%
Tap a bar for its year
Revenue by fiscal year
FY2020$432.4M
FY2021$555.7M
FY2022$481.9M
FY2023$575.4M
FY2024$693.3M
Expenses
$641.5M
FY2024▲ +17%
Tap a bar for its year
Expenses by fiscal year
FY2020$383.6M
FY2021$455.9M
FY2022$475.5M
FY2023$549.8M
FY2024$641.5M
Net assets
$1.8B
FY2024▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.9B
FY2021$2.1B
FY2022$1.8B
FY2023$1.6B
FY2024$1.8B

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1948.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

44 cents of each dollar spent went to programs.

Program services 44% · $279.8M Management & general 56% · $361.7M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

29 people listed on the 990; $15.9M paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Ex-Officio, Officer - President & CEO
$5,690,001Pt VII · Sec A
Officer - President, Carle Health Regions // EVP, Chief Operating Officer
$1,567,332Pt VII · Sec A
Officer - EVP, Chief Finance & Strategy Officer
$1,395,995Pt VII · Sec A
Officer - EVP, Chief Human Resources Officer
$945,711Pt VII · Sec A
Officer - EVP, Chief Medical Officer
$940,875Pt VII · Sec A
Officer - EVP, Chief Legal Officer
$926,444Pt VII · Sec A
President, Carle Health - Central Region
$815,721Pt VII · Sec A
President, Carle Health - East Region // Chief Nursing Officer
$722,013Pt VII · Sec A

James C Leonard MD’s $5.7M as Ex-Officio, Officer - President & CEO is at the 97th percentile of top reported officer pay among 1747 $100M+ health care nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2023FY2022FY2021FY2020
James C Leonard MD$5,690,001$2,140,109$2,558,835$4,774,129
John Snyder——$1,942,803$1,249,113
Matthew Kolb Jd Mha$1,567,332$1,363,262——
Dennis Hesch$1,395,995$1,286,099$1,566,892$1,470,712
Matthew Kolb——$1,159,563$975,723
Laurence Fallon——$1,071,364$989,186
William Schuh MD———$996,853
Lauren Schmid MBA$945,711$772,322——

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See The Carle Foundation executive salaries →

Programs and updates

Provides accessible, world-class healthcare and services to improve health and guide decisions.

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1 program · $225.2M · in their own filed words · FY2023
01

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…

Form 990 Part III, line 4, FY2023. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 37-0673465) · Dispute this line
$225.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$813K
See all 3 funders →
Grants paid · 13 grants · $12.8M · 2020–2023
Carle Development FoundationIL · FY2023$2,349,329
The Carle Foundation HospitalIL · FY2023$278,340
Carle Bromenn Medical CenterIL · FY2023$12,667
Carle Development FoundationIL · FY2022$2,314,030
The Carle Foundation HospitalIL · FY2022$278,340
Carle Development FoundationIL · FY2021$2,156,837
The Carle Foundation HospitalIL · FY2021$278,340
Carle Development FoundationIL · FY2020$1,582,863
Carle West Physician Group INCIL · FY2020$1,180,330
The Carle Foundation HospitalIL · FY2020$278,340

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Dec 2025 · $10.9M federal money spent
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$2.4M
Cancer ControlDepartment of Health and Human Services · ALN 93.399 · Direct$2.2M
Opioid StrDepartment of Health and Human Services · ALN 93.788 · Through Illinois Department of Human Services$1.7M
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Illinois Department of Human Services$1.2M
Federal Pell Grant ProgramDepartment of Education · ALN 84.063 · Direct$865K

Plus 39 smaller programs.

The auditor reported 4 findings: a material weakness in money controls.

Year ending Dec 2024 · $24.3M federal money spent
Disaster Grants - Public Assistance (presidentially Declared Disasters)Department of Homeland Security · ALN 97.036 · Direct$7.2M
Congressional DirectivesDepartment of Health and Human Services · ALN 93.493 · Direct$3.0M
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$2.8M
Cancer ControlDepartment of Health and Human Services · ALN 93.399 · Direct$2.4M
Block Grants for Prevention and Treatment of Substance AbuseDepartment of Health and Human Services · ALN 93.959 · Through Illinois Department of Human Services$1.7M

Plus 34 smaller programs.

The auditor reported 10 findings: a material weakness in money controls.

Year ending Dec 2023 · $14.4M federal money spent
Cancer ControlDepartment of Health and Human Services · ALN 93.399 · Direct$2.4M
Federal Direct Student LoansDepartment of Education · ALN 84.268 · Direct$2.3M
Opioid StrDepartment of Health and Human Services · ALN 93.788 · Through Illinois Department of Human Services$1.5M
Block Grants for Prevention and Treatment of Substance AbuseDepartment of Health and Human Services · ALN 93.959 · Through Illinois Department of Human Services$1.5M
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Illinois Department of Human Services$838K

Plus 39 smaller programs.

The auditor reported 16 findings: a material weakness in money controls, questioned costs.

Year ending Dec 2022 · $38.6M federal money spent
Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$25.4M
Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Direct and through Richland County and 1 more$7.0M
Cancer ControlDepartment of Health and Human Services · ALN 93.399 · Through National Institutes of Health$2.1M
Opioid StrDepartment of Health and Human Services · ALN 93.788 · Through Illinois Department of Human Services$1.2M
Covid-19 Testing for Rural Health ClinicsDepartment of Health and Human Services · ALN 93.697 · Direct$1.0M

Plus 23 smaller programs.

The auditor reported 13 findings: a material weakness in money controls.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$693.3M
Ln 12
Other incomeLn 4–11$692.1M
Gifts and grantsLn 1h$1.3M
Money outPt IX
$641.5M
Ln 25
Programscol B$279.8M
Managementcol C$361.7M
Owns and owesPt X
$1.8B
net assets · Ln 32
Total assetsLn 16$3.3B
LiabilitiesLn 26$1.4B
PeoplePt VI, VII
29
listed · VII A
PaidVII A13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$692.1M
Total revenueLn 12$693.3M
Assets in detailPt X, end of year
Total assetsLn 16$3.3B
LiabilitiesLn 26$1.4B
Net assetsLn 32$1.8B
OperationsPt I, VI
EmployeesI 52,686
VolunteersI 60
Fiscal year endsHeaderDecember
3Year over year
Business incomeForm 990-T, Part I
LineFY24
Gross$17.4M
Net$17.4M
Tax$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest ViewingFiled with the IRS Nov 15, 2025 $693.3M$641.5M$51.9M$1.8B 990 PDF
FY2023Filed with the IRS Nov 15, 2024 $575.4M$549.8M$25.6M$1.6B 990 PDF
FY2022 $481.9M$475.5M$6.4M$1.8B 990 PDF
FY2021Filed with the IRS Nov 15, 2022 $555.7M$455.9M$99.8M$2.1B 990 PDF
FY2020Filed with the IRS Nov 15, 2021 $432.4M$383.6M$48.8M$1.9B 990 PDF

Schedules filed Part IV

A · Public support O · Explanations

Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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