Public Charity

Carle Development Foundation

Carle Development Foundation is a Public Charity headquartered in URBANA, IL. Financial data from the 2024 filing: $17.4M revenue, $17.8M expenses, $113.8M total assets. 65 publicly reported grants to this organization, totaling roughly $19.2M, appear in IRS filings.

EIN: 371159978 URBANA, IL Latest filing: 2024
Total Revenue$17.4M
Total Expenses$17.8M
Total Assets$113.8M
Grant Records65
Funding Total$19.2M
Filing Years2019–2024

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.

Officers & Directors

BOARD MEMBER - West Region Adam Hawks
Director, BroMenn Development Andrew Bond
Executive Director, Development & Campaigns Angela Hatfield
BOARD MEMBER - West Region Brandon Moss
BOARD MEMBER - Central Region Courtney Zell Armstrong
Officer - EVP, Chief Finance & Strategy Officer Dennis Hesch

Officer compensation and complete director data available with membership.

Top Grant Purposes

Internal Funding
$5,487,869 2 grants
INTERNAL FUNDING
$5,362,578 3 grants
Program support
$1,749,853 1 grant
INTERNAL FUNDING SUPPORT FOR THE COLLEGE OF MED
$1,429,990 1 grant
INTERNAL FUNDING INTERNAL FUNDING Translational Research Support EXPANSION OF FACILITY
$1,278,774 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $17.4M $17.8M $113.8M
2023 $12.6M $9.5M $114.6M
2022 $7.9M $6.0M $69.7M
2020 $6.5M $3.2M $64.0M
2019 $5.3M $3.6M $31.4M

Between 2019 and 2024, reported annual revenue grew from $5.3M to $17.4M (+226%), with total assets most recently reported at $113.8M.

Interactive year-over-year charts and full filing details available with membership.

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