CARLE DEVELOPMENT FOUNDATION

URBANA, IL, 61801-2529 (217) 383-3311 Est. 1982 EIN 37-1159978
E00J— Health Care Form 990 501(c)(3)
WWW.CARLE.ORG

Mission

TO RAISE FUNDS FROM THE PUBLIC AND OTHER SOURCES, MAINTAIN THOSE FUNDS AND, AS APPROPRIATE, EXPEND PRINCIPAL AND INCOME TO SUPPORT THE CARLE FOUNDATION MISSION OF PROVIDING HIGH QUALITY HEALTH CARE AND ADVANCING MEDICAL RESEARCH AND EDUCATION IN CENTRAL ILLINOIS.

Giving Portfolio

Total Grants
60
Total Giving
$33.7M
Recipients
51
Years Active
2016 - 2024
Avg grant: $511,745 Median: $268,160

Yearly Trends

YearGrantsTotal Giving Avg GrantNewRepeat
202414$14.6M $1.0M212
202313$6.2M $475K67
20228$3.6M $445K35
20208$1.3M $166K14
20196$1.8M $297K04
20186$2.7M $451K13
20165$3.5M $707K30

Sectors Funded

Health Care
48
Education
7
Human Services
2

Top States

Illinois
60

Grantee Size Profile

Over $50M
44
$10M - $50M
6
$1M - $5M
2

Top Grantees

$6.8M
$5.5M
IL - 3 grants
$2.9M
$1.6M
$1.3M
IL - 5 grants
$1.3M
$1.1M
IL - 2 grants
$878K
$642K
and 13 more grantees

Grants Awarded · 59 grants

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Financials

Total Revenue
$17,396,365
Total Expenses
$17,804,303
Net Assets
$95,117,933
32 employees 368 volunteers
From latest filing (tax period ending 2024-12-31)

Financial Health

Operating Reserve
5.3 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↑ 37.6%
Expenses ↑ 86.8%
Revenue Sources
Contributions 76.2% Investment 24.4%
Expense Breakdown
Program 83.2% Management 0.9% Fundraising 16.0%

Officers & Trustees (23)

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Filing History (7 filings)

YearRevenueExpensesNet Assets
2024 Form 990$17,396,365 $17,804,303$95,117,933
2023 Form 990$12,643,536 $9,529,648$94,279,974
2022 Form 990$7,867,151 $5,974,030$46,941,960
2020 Form 990$6,536,866 $3,220,186$43,263,729
2019 Form 990$5,330,548 $3,617,745$30,791,052
2018 Form 990$4,597,216 $4,290,890$27,485,225
2016 Form 990$7,617,980 $4,775,514$24,822,831

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EIN: 37-1159978 · Source: IRS Form 990 e-file data