Carle Development Foundation EIN 37-1159978

Carle Development Foundation

EIN  37-1159978 Public charity (501(c)(3)) Urbana, IL Founded 1982
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/11/26 · see original filing: IRS
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Size
$10–100M
What they do
Raises funds to support healthcare services and research.
Leadership
Shelleigh Birlingmair · VP, Bromenn & Eureka Development · $185K
Money in and out
$17.4M revenue, $17.8M expenses
Bottom line
83% program efficiency

Raises funds to support healthcare services and research. For fiscal year 2024 it reported $17.4M in revenue, $17.8M in expenses, and $95.1M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$17.4M
Pt VIII · Ln 12
Total expenses
$17.8M
Pt IX · Ln 25
Net assets
$95.1M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$408K
Where spending went · Part IX cols B–D
Program services $0.83 Management & general $0.01 Fundraising $0.16
Program efficiency
83%
of spending reaches programs▲ +23% vs prior filing year
Operating runway
62.6mo
months of highly liquid reserves at operating expense rate▼ -49% vs prior filing year
Surplus margin
-2%
revenue over expenses, this year▼ -110% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$17.4M
FY2024▲ +38%
Expenses
$17.8M
FY2024▲ +87%
Total assets
$113.8M
FY2024▼ -1%
Total liabilities
$18.7M
FY2024▼ -8%
Total revenue
$17.4M
Pt VIII · Ln 12
Total expenses
$17.8M
Pt IX · Ln 25
Net assets
$95.1M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$408K
Total assetsPt X · Ln 16$113.8M
Program-expense ratioPt IX · col B83%
Voting members of governing bodyPt I · Ln 312
Independent voting membersPt I · Ln 49
Mission & Programs · Part III

Where the work happens

3 program services account for $8.7M of program spending, described in the organization's own filed words · FY2024.
01

Greater Peoria Young Minds Project Building Costs

The young minds project bulidng costs fund supports the transformation of a former skilled nursing facility in west peoria into a state-of-the-art child and adolescent behavioral health center, trillum place young minds center, an affiliate of carle health.

$7.6Mprogram expense
02

Critical Care Transport

This fund supports the critical care transport program at carle. Purchases include an advanced critical care ground ambulance, a hamilton ventilator, and an advanced human patient simulator, enhancing emergency response training throughout carle's service region.

$574Kprogram expense
03

Stephens Family Innovations in Medical Research

The stephens family innovations in medical research fund supports research led by carle health clinician scientists in collaboration with university of illinois researchers. It is designed to directly impact patient care in our community and beyond.

$485Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCarle Development Foundation
EINHdr · item D37-1159978
Principal addressHdr · item CUrbana, IL
WebsiteHdr · item Jwww.carle.org
Year of formationHdr · item L1982
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHealth Care (E00J)
Ruling yearIRS BMFNov 1984

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a12
Independent voting membersPt VI · Ln 1b9
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
VP, Bromenn & Eureka Development
$184,688Pt VII · Sec A
Executive Director, Development East Region
$160,995Pt VII · Sec A
Director, Carle Health - West Region Development
$151,283Pt VII · Sec A
Director, Philanthropy Operations
$149,773Pt VII · Sec A
Executive Director, Development & Campaigns
$136,445Pt VII · Sec A
Director, Bromenn Development
$129,527Pt VII · Sec A
Executive Director, Development
$111,317Pt VII · Sec A
Board Member // VP, Center for Philanthropy
$0Pt VII · Sec A

Shelleigh Birlingmair’s $185K as VP, Bromenn & Eureka Development is at the 18th percentile of top reported officer pay among 2900 $10–100M 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

NameFY2024FY2023FY2022FY2021FY2020
Lizbeth Katsinas$352,933$307,820
Shelleigh Birlingmair$184,688$200,972$171,821$165,452
Roger Laramee$160,995$166,784$137,860$144,199$128,269
Timothy Stedman$151,283
Ross Richards$149,773$150,411
Andrew Bond$129,527$140,412
Angela Hatfield$136,445
Sharla Jolly$125,875

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.

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Statement of Revenue

Part VIII
Contributions & grants$13.3M · 76%
Investment income$4.2M · 24%
Contributions & grants76%$13.3M
Investment income24%$4.2M
— government grantsLn 1e$14K
Total revenueLn 12$17.4M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.83 Management & general $0.01 Fundraising $0.16
Program services83%$14.8M
Management & general1%$155K
Fundraising16%$2.8M
Total functional expensesLn 25$17.8M

Balance Sheet

Part X · end of year
CashLn 1$11.5M
Total assetsLn 16$113.8M
Total liabilitiesLn 26$18.7M
Total net assetsLn 32$95.1M
Months of cash on handcomputed7.7

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $92.5M · Operating expenses (Pt IX) $17.8M · Less non-cash grants $82K · Cash operating expenses/yr $17.7M
62.6 months
Where the money goes
Program services
Program services $14.8M · Total expenses $17.8M
83%
Management & General
Management & general $155K · Total expenses $17.8M
1%
Fundraising
Fundraising $2.8M · Total expenses $17.8M
16%
Cost to raise $1
Fundraising expense (3-yr avg) $2.7M · Solicited contributions (3-yr avg) $9.0M
$0.30 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $13.3M · Total revenue $17.4M
76%
Government reliance
Government grants $14K · Total revenue $17.4M
0%
Earned-income share
Program service revenue $0 · Total revenue $17.4M
0%
Investment reliance
Investment income $4.2M · Total revenue $17.4M
+24%
Program self-sufficiency
Program service revenue $0 · Total expenses $17.8M
0%
Growth & trend
Revenue growth (YoY)
This year $17.4M · Prior year $12.6M
+38%
Revenue CAGR
FY2020 $6.5M · FY2024 $17.4M
+28%
Net-asset trend (YoY)
End of year $95.1M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $17.4M · Expenses $17.8M
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $113.8M
Net-asset ratio
Net assets $95.1M · Total assets $113.8M
84%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $62.7M · Other securities (Pt X, ln 12) $18.4M · Total assets (Pt X, ln 16) $113.8M
71%
People & payroll
Highest Reported Total Compensation
Individual Shelleigh Birlingmair · Reported title VP, BroMenn & Eureka Development · Highest reported compensation $185K · Total expenses $17.8M
1%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $2.5M · Total expenses $17.8M
14%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 83%
Overhead ratio 1%
Fundraising cost ratio 21%
Revenue growth 38%
Investment management fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
See all 12 funders →
Grants paid · 58 grants · $26.2M · 2020–2024
The Carle Foundation HospitalIL · FY2024$1,816,665
The Carle FoundationIL · FY2024$795,572
Carle Health Care IncorporatedIL · FY2024$723,806
Proctor HospitalIL · FY2024$572,039
Carle Bromenn Medical CenterIL · FY2024$338,972
Carle West Physician Group INCIL · FY2024$333,355
Unitemized GrantFY2024$90,249
Unitemized GrantFY2024$90,226
Carle Eureka HospitalIL · FY2024$51,133
Pekin Memorial HospitalIL · FY2024$20,956
Carle Retirement Centers INCIL · FY2024$11,481
Champaign Surgicenter LLCFY2024$5,670
Unitemized GrantFY2024$632
The Carle Foundation HospitalIL · FY2023$1,890,294
See all 58 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$17.4M revenue · viewing · ⤓ 990 PDF
FY2023$12.6M revenue · ⤓ 990 PDF
FY2022$7.9M revenue · ⤓ 990 PDF
FY2021$11.2M revenue · ⤓ 990 PDF
FY2020$6.5M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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