Austen Riggs Center Inc
- Assets
- $62.3m
- Revenue
- $23.9m
- Investments
- $4.1m
- Employees
- 188
- Location
- Stockbridge, MA
- Founding
- 08/1953
- Data as of
- 12/2022
- EIN
- 04-2103543
Organization Overview
Austen Riggs Center Inc is located in Stockbridge, MA. The organization was established in 1953. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2022, Austen Riggs Center Inc employed 188 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Austen Riggs Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Austen Riggs Center Inc generated $23.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $24.2m during the year ending 12/2022. While expenses have increased by 4.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE AUSTEN RIGGS CENTER IS A VITAL THERAPEUTIC COMMUNITY, OPEN PSYCHIATRIC HOSPITAL, AND INSTITUTE FOR EDUCATION AND RESEARCH. OUR MISSION IS TO PROMOTE RESILIENCE AND SELF-DIRECTION IN THOSE WITH COMPLEX PSYCHIATRIC PROBLEMS -- TO HELP PEOPLE TAKE CHARGE OF THEIR LIVES. OUR WORK IS GROUNDED IN THE CONVICTION THAT AN INDIVIDUAL'S PROBLEMS ARE INHERENTLY MEANINGFUL, THAT SUCH PROBLEMS ARE BEST UNDERSTOOD IN A SOCIAL CONTEXT, AND THAT TREATMENT LEADS TO A MORE FULFILLING LIFE WHEN THE SOURCES OF SUFFERING ARE ADDRESSED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MENTAL HEALTH TREATMENT PROGRAMS,PATIENT CARE - 19,943 PATIENT PROGRAM DAYS.
RESEARCH AND EDUCATION INITIATIVES RELATED TO THE FOLLOWING TOPICS: CLINCAL SYSTEMS, BIOPSYCHOSOCIAL ADVOCACY, HUMAN DEVELOPMENT, NEURAL MEDIATORS OF PSYCHOTHERAPEUTIC CHANGE, PSYCHODYNAMIC PSYCHOPHARMACOLOGY, AND SUICIDE RESEARCH AND EDUCATION; FELLOWSHIP PROGRAM; SCHOLAR PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric M Plakun MD Medical Director/ceo | OfficerTrustee | 40 | $524,996 |
Samar Habal MD Associate Medical Dir./dir. Of Admissions | Officer | 40 | $352,995 |
Chauncey T Collins Treasurer/cfo/coo | Officer | 40 | $337,043 |
Margaret Parish PHD Director Of Patient Care | Officer | 40 | $266,953 |
Donna Elmendorf Director Of Therapeutic Community | Officer | 40 | $250,018 |
David Mintz Director Of Psychiatric Education | 40 | $243,961 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Synaptic Advisory Partners Llc It Services | 12/30/22 | $1,300,114 |
Marois Construction Co Inc Contractor Services | 12/30/22 | $194,109 |
M&w Mechanical Contractors Inc Contractor Services | 12/30/22 | $174,076 |
Cic Covid Testing | 12/30/22 | $136,599 |
Gary O'brien Landscaping Services | 12/30/22 | $125,780 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $49,018 |
| All other contributions, gifts, grants, and similar amounts not included above | $624,690 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $673,708 |
| Total Program Service Revenue | $22,204,973 |
| Investment income | $805,997 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $148,295 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,932,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,919,668 |
| Compensation of current officers, directors, key employees. | $1,034,304 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,289,724 |
| Pension plan accruals and contributions | $558,021 |
| Other employee benefits | $1,777,151 |
| Payroll taxes | $901,605 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $65,585 |
| Fees for services: Accounting | $89,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $175,935 |
| Fees for services: Other | $827,189 |
| Advertising and promotion | $210,634 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,065,532 |
| Travel | $105,698 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $216,835 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,348,386 |
| Insurance | $517,578 |
| All other expenses | $263,554 |
| Total functional expenses | $24,237,894 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $495,293 |
| Pledges and grants receivable | $104,400 |
| Accounts receivable, net | $1,625,177 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $115,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $496,677 |
| Net Land, buildings, and equipment | $21,433,640 |
| Investments—publicly traded securities | $32,795,033 |
| Investments—other securities | $4,053,300 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,230,419 |
| Total assets | $62,348,939 |
| Accounts payable and accrued expenses | $1,844,568 |
| Grants payable | $0 |
| Deferred revenue | $251,060 |
| Tax-exempt bond liabilities | $4,511,628 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,230,419 |
| Total liabilities | $7,837,675 |
| Net assets without donor restrictions | $36,712,208 |
| Net assets with donor restrictions | $17,799,056 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $62,348,939 |