Overview
What is Carle Development Foundation?
The Carle Development Foundation is a charitable organization based in Urbana, Illinois, with an address at 611 W Park Street, 61801. Its primary purpose is to raise funds to support the mission of the Carle Foundation, which involves providing top-notch healthcare, driving medical research, and fostering education in the Central Illinois region. The foundation has been instrumental in the revitalization of the Hosick Rehabilitation Center, transforming it into a state-of-the-art facility with enhanced facilities, private patient rooms, and additional amenities to cater to over 300 patients annually. The Carle Development Foundation's operations are managed under the name Carle Center for Philanthropy, with a dedicated workforce of 28 employees.
Official website here: www.carle.org/
What are the reviews and ratings of this charity?
**Carle Development Foundation - Charity Navigator Rating: 87% (Three-Star out of Four Star Rating)**
Carle Development Foundation has earned a solid rating of 87%, primarily based on its accountability and financial practices. With an independent board that consists of 88% members and excellent financial oversight, the organization demonstrates strong governance. Its financial health is portrayed by a low liabilities-to-assets ratio of 32.65% and an impressive working capital ratio of 9.70 years, indicating effective management of finances.
While the foundation has commendable aspects, there are areas for improvement, particularly in program expenses and fundraising efficiency. With only 59.30% of its expenses directed toward programs and a fundraising efficiency ratio of $0.29 per dollar raised, these figures suggest the organization may be over-reliant on administrative costs relative to its programmatic work.
Unfortunately, user reviews from GreatNonprofits could not be fetched, limiting insights from community feedback. However, the organization’s strong accountability framework positions it as a reliable nonprofit, even as stakeholders may desire more focus on enhancing its program funding and fundraising strategies.
Is Carle Development Foundation legitimate?
Carle Development Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Carle Development Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $223,063
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,173,847
For more financial information, click here
Official website here: www.carle.org/
What is the mission statement of Carle Development Foundation?
The Carle Development Foundation's primary mission is to gather funds to support its mission, which involves providing high-quality healthcare, advancing medical research, and promoting education in the field. It achieves this by soliciting funds from the public and other sources, managing these funds, and then allocating them appropriately to fulfill its mission.
One of the initiatives under this mission is the Dr. Elizabeth C. Hosick Rehabilitation Center, a state-of-the-art inpatient rehabilitation facility that reopened in 2017 following a renovation and expansion project. This facility offers enhanced amenities such as private patient rooms, a larger therapy gym, a separate therapy area for patients with brain injuries or high levels of agitation, an activity of daily living apartment for transitioning patients, and a driving simulator to boost patients' confidence. The Hosick Rehabilitation Center serves over 300 patients annually.
Official website here: www.carle.org/
Who is the CEO of Carle Development Foundation?
Unavailable The CEO's salary of Carle Development Foundation is $0 and their total compensation is $2,801,918.
Official website here: www.carle.org/
What is the revenue of Carle Development Foundation?
Carle Development Foundation's revenue in 2022 was $7,867,151.
Official website here: www.carle.org/
Who are the executives of Carle Development Foundation and what are their salaries?
The average compensation at Carle Development Foundation during 2022 was $49,890. There are 28 employees and 335 volunteers at Carle Development Foundation.
Here are 25 key members and their salaries (Carle Development Foundation's CEO's salary is $0 and their total compensation is $2,801,918):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $2,140,109
- Other: $661,809
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
- Related: $463,282
- Other: $58,813
- Compensation: $0
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- Compensation: $0
- Related: $1,286,099
- Other: $414,800
- Compensation: $0
- Related: $1,363,262
- Other: $394,190
- Compensation: $0
- Related: $772,322
- Other: $228,747
- Compensation: $0
- Related: $314,146
- Other: $65,527
- Compensation: $171,821
- Related: $0
- Other: $46,699
- Compensation: $116,701
- Related: $0
- Other: $9,148
- Compensation: $137,860
- Related: $0
- Other: $10,215
- Compensation: $0
- Related: $851,281
- Other: $289,874
Official website here: www.carle.org/
Where can I find the form 990 for Carle Development Foundation?
Carle Development Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.carle.org/
Learn more at the official website: www.carle.org/
Mission Statement of Carle Development Foundation
The Carle Development Foundation's mission is centered around raising funds to support its core objective. This objective involves providing high-quality healthcare, promoting medical research, and facilitating education in the domain of health within central Illinois. The foundation accomplishes this by securing financial contributions from various sources, maintaining these funds, and subsequently allocating principal and income as necessary to fulfill its mission.
One of the ways in which the Carle Development Foundation supports its mission is through the Dr. Elizabeth C. Hosick Rehabilitation Center. This inpatient rehabilitation center, which reopened in 2017 following a two-phase renovation and expansion project, offers a state-of-the-art facility equipped with numerous amenities. These include more spacious private patient rooms with oversized bathrooms, lifts in each room to assist patients with mobility, a contemporary therapy gym, a dedicated therapy area for patients with brain injuries or high levels of agitation, an activity of daily living apartment for patients transitioning to life outside the hospital, and a driving simulator to boost patients' confidence behind the wheel. Annually, the Hosick Rehabilitation Center serves over 300 patients.
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Impact
October, 2024
Carle Development Foundation significantly enhances healthcare services in Central Illinois through dedicated fundraising efforts that support the Carle Foundation's mission. A notable example of this impact is the Dr. Elizabeth C. Hosick Rehabilitation Center, which reopened in 2017 following an extensive renovation and expansion project. This state-of-the-art facility is designed to provide superior rehabilitation services, featuring private patient rooms, modern therapy areas, and specialized equipment such as a driving simulator to help patients regain their independence.
Each year, the Hosick Rehabilitation Center serves over 300 patients, offering tailored therapies in an environment that prioritizes privacy and comfort. The facility includes advanced features such as lifts in patient rooms to aid mobility, a dedicated area for patients with high levels of agitation, and an apartment setup for practicing daily living skills. By investing in such projects, Carle Development Foundation plays a crucial role in ensuring high-quality healthcare and promoting medical advancement in the region.
This information is meant to be a general summary of Carle Development Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $937,805
- Gross Receipts: $10,620,353
Assets and Liabilities:
- Total Assets: $69,715,231
- Total Liabilities: $22,773,271
- Net Assets: $46,941,960
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Organization Details
Founding Year
1982
Phone
(217) 383-3311Main Address
611 W PARK STREET, URBANA, IL, 61801
Website
www.carle.org/NTEE Category
Code: E00J - Health
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