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

501(c)(3) charity; gifts are tax-deductible.
45¢ of each $1 spent went to programs.
$11.1M 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

FY2022 · Form 990-TIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990-T
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
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
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
45%
of spending
Concern: 45% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$11.1M
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
5 mo
of spending, in cash
Plus $1.77B in investments, Pt X · Ln 11–13
Looks good: 4.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $813K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.2B
39% of total assets
Looks good: liabilities are 39% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 14 voting members
Looks good: 8 of 14 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$481.9M
-13% vs prior year
Spent
$475.5M
To programs
45%
Net assets
$1.8B
By yearFY2020–FY2024
Revenue
$481.9M
FY2022▼ -13%
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
$475.5M
FY2022▲ +4%
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
FY2022▼ -13%
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 FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

45 cents of each dollar spent went to programs.

Program services 45% · $214.1M Management & general 55% · $261.4M

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

33 people listed on the 990-T; $11.1M paid to officers and key staff.

Part VII, Section A · reportable compensation
Ex-Officio, Officer - President & CEO
$2,140,109Pt VII · Sec A
Officer - EVP, Chief Operating Officer
$1,363,262Pt VII · Sec A
Officer - EVP, Chief Finance & Strategy Officer
$1,286,099Pt VII · Sec A
Officer - EVP, Chief Legal Officer
$851,281Pt VII · Sec A
Officer - EVP, Chief Human Resources Officer
$772,322Pt VII · Sec A
Officer - EVP, Chief Medical Officer
$724,696Pt VII · Sec A
Officer - President & CEO, Bromenn Medical Center
$702,846Pt VII · Sec A
SVP, Surgical Services & Amb Care
$563,204Pt 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 →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

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

Questions for The Carle Foundation

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Provided by the organization

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1 program · $214.1M · in their own filed words · FY2022
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…

$214.1Mprogram 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

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$481.9M
Fees for services$425.8M
Investment income$45.6M
Other income$8.8M
Money out
$475.5M
Programs$214.1M
Management$261.4M
Owns and owes
$1.8B
net assets
Cash and savings$193.4M
Total assets$3.0B
Liabilities$1.2B
People
33
listed
Paid15
Voting board14
Independent8
2In more detail
Revenue in detail
Gifts and grants$1.7M
Fees for services$425.8M
Investment income$45.6M
Other income$8.8M
Total revenue$481.9M
Assets in detailEnd of year
Cash and savings together$193.4M
Total assets$3.0B
Liabilities$1.2B
Net assets$1.8B
Operations
Employees2,686
Volunteers0
Fiscal year endsDecember
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $693.3M$641.5M$51.9M$1.8B 990 PDF
FY2023 $575.4M$549.8M$25.6M$1.6B 990 PDF
FY2022 Viewing $481.9M$475.5M$6.4M$1.8B 990 PDF
FY2021 $555.7M$455.9M$99.8M$2.1B 990 PDF
FY2020 $432.4M$383.6M$48.8M$1.9B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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