Carle Development Foundation EIN 37-1159978

Carle Development Foundation FY2020 filing

EIN  37-1159978 Public charity (501(c)(3)) Urbana, IL Founded 1982
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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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
Lizbeth Katsinas · Vp-Ctr for Philanthropy · $308K
Money in and out
$6.5M revenue, $3.2M expenses
Bottom line
54% program efficiency

Raises funds to support healthcare services and research. For fiscal year 2020 it reported $6.5M in revenue, $3.2M in expenses, and $43.3M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$6.5M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$43.3M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.3M
Where spending went · Part IX cols B–D
Program services $0.54 Fundraising $0.46
Program efficiency
54%
of spending reaches programs
Operating runway
192.4mo
months of highly liquid reserves at operating expense rate
Surplus margin
+51%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$6.5M
FY2020
Expenses
$3.2M
FY2020
Total assets
$64.0M
FY2020
Total liabilities
$20.8M
FY2020
Total revenue
$6.5M
Pt VIII · Ln 12
Total expenses
$3.2M
Pt IX · Ln 25
Net assets
$43.3M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.3M
Total assetsPt X · Ln 16$64.0M
Program-expense ratioPt IX · col B54%
Voting members of governing bodyPt I · Ln 318
Independent voting membersPt I · Ln 412
Mission & Programs · Part III

Where the work happens

3 program services account for $627K of program spending, described in the organization's own filed words · FY2020.
01

Expanding children's hearing opportunities (ECHO)/CARLE auditory oral school (caos)-carle's echo program is devoted to children with hearing loss. The program's state-of-the-art facility houses the pediatric hearing center and carle auditory oral school.

$270Kprogram expense
02

Carle auxiliary guest house-the guest house provides a home away from home for thousands of family members needing overnight accommodations while their loved one receives care at carle. Charitable donations are used to cover the operational costs of the guest house, keeping the cost of the service free to guests, family and friends who…

$211Kprogram expense
03

Healthy beginnings-this program works closely with community partners to build a culture of health. By offering services such as nurse home visits, mobile clinic services, child and family education and healthy food access, healthy beginnings ensures children and their families-regardless of life circumstances-have an opportunity to be…

$146Kprogram 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 1a18
Independent voting membersPt VI · Ln 1b12
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-Ctr for Philanthropy
$307,820Pt VII · Sec A
Dir-Development
$128,269Pt VII · Sec A
Dir-Fd Communications
$114,597Pt VII · Sec A
Exec VP & COO
$0Pt VII · Sec A
Key Employee - Former
$0Pt VII · Sec A
Exec VP, Chief HR Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
$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$5.3M · 81%
Investment income$1.2M · 19%
Contributions & grants81%$5.3M
Investment income19%$1.2M
Other revenue$20K
— government grantsLn 1e$2K
Total revenueLn 12$6.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.54 Fundraising $0.46
Program services54%$1.7M
Fundraising46%$1.5M
Total functional expensesLn 25$3.2M

Balance Sheet

Part X · end of year
CashLn 1$1.3M
Total assetsLn 16$64.0M
Total liabilitiesLn 26$20.8M
Total net assetsLn 32$43.3M
Months of cash on handcomputed5.0

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $50.6M · Operating expenses (Pt IX) $3.2M · Less non-cash grants $65K · Cash operating expenses/yr $3.2M
192.4 months
Where the money goes
Program services
Program services $1.7M · Total expenses $3.2M
54%
Management & General
Management & general $0 · Total expenses $3.2M
0%
Fundraising
Fundraising $1.5M · Total expenses $3.2M
46%
Cost to raise $1
Fundraising expense $1.5M · Solicited contributions $5.3M
$0.28 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $5.3M · Total revenue $6.5M
81%
Government reliance
Government grants $2K · Total revenue $6.5M
0%
Earned-income share
Program service revenue $0 · Total revenue $6.5M
0%
Investment reliance
Investment income $1.2M · Total revenue $6.5M
+19%
Program self-sufficiency
Program service revenue $0 · Total expenses $3.2M
0%
Growth & trend
Revenue growth (YoY)
This year $6.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $43.3M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $6.5M · Expenses $3.2M
+51%
Liabilities-to-Assets
Total liabilities — · Total assets $64.0M
Net-asset ratio
Net assets $43.3M · Total assets $64.0M
68%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $35.8M · Other securities (Pt X, ln 12) $13.5M · Total assets (Pt X, ln 16) $64.0M
77%
People & payroll
Highest Reported Total Compensation
Individual Lizbeth Katsinas · Reported title VP-CTR FOR PHILANTHROPY · Highest reported compensation $308K · Total expenses $3.2M
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $1.1M · Total expenses $3.2M
33%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 54%
Overhead ratio 0%
Fundraising cost ratio 28%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%
Fundraising 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 · ⤓ 990 PDF
FY2023$12.6M revenue · ⤓ 990 PDF
FY2022$7.9M revenue · ⤓ 990 PDF
FY2021$11.2M revenue · ⤓ 990 PDF
FY2020$6.5M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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