Austen Riggs Center Inc
- Assets
- $70.9m
- Revenue
- $27.4m
- Investments
- $4.0m
- Employees
- 179
- Location
- Stockbridge, MA
- Founding
- 08/1953
- Data as of
- 12/2021
- 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 12/2021, Austen Riggs Center Inc employed 179 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 12/2021, Austen Riggs Center Inc generated $27.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.3% each year. All expenses for the organization totaled $22.1m during the year ending 12/2021. While expenses have increased by 3.8% per year over the past 7 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
2021
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 - 20,884 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 | $456,808 |
Samar Habal MD Associate Medical Dir./dir. Admissions | Officer | 40 | $343,562 |
Chauncey T Collins Treasurer/cfo/coo | Officer | 40 | $321,073 |
Margaret Parish PHD Director Of Patient Care | Officer | 40 | $256,743 |
David Mintz Director Of Psychiatric Ed | 40 | $247,777 | |
Nicholas Holliday Director Of Psychopharm & Med Services | 40 | $232,949 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Synaptic Advisory Partners Llc It Services | 12/30/21 | $1,280,338 |
Cic Covid Testing | 12/30/21 | $203,724 |
Gary O'brien Landscaping Services | 12/30/21 | $104,720 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,500,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $692,428 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,192,428 |
| Total Program Service Revenue | $21,215,842 |
| Investment income | $762,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,080,457 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,352,029 |
| 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. | $2,729,593 |
| Compensation of current officers, directors, key employees. | $954,346 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $10,186,278 |
| Pension plan accruals and contributions | $522,313 |
| Other employee benefits | $1,729,749 |
| Payroll taxes | $819,463 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $118,797 |
| Fees for services: Accounting | $78,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $176,617 |
| Fees for services: Other | $1,011,581 |
| Advertising and promotion | $136,651 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $956,458 |
| Travel | $28,063 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $235,905 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,071,878 |
| Insurance | $468,363 |
| All other expenses | $195,142 |
| Total functional expenses | $22,143,493 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $766,008 |
| Pledges and grants receivable | $104,400 |
| Accounts receivable, net | $1,288,650 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $100,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $524,857 |
| Net Land, buildings, and equipment | $20,933,442 |
| Investments—publicly traded securities | $42,131,784 |
| Investments—other securities | $3,984,263 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,038,242 |
| Total assets | $70,871,646 |
| Accounts payable and accrued expenses | $1,914,047 |
| Grants payable | $0 |
| Deferred revenue | $125,595 |
| Tax-exempt bond liabilities | $4,920,167 |
| 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 | $1,038,242 |
| Total liabilities | $7,998,051 |
| Net assets without donor restrictions | $41,677,822 |
| Net assets with donor restrictions | $21,195,773 |
| 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 | $70,871,646 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Austen Riggs Center Inc has recieved totaling $49,158.
| Awarding Organization | Amount |
|---|---|
Henry & Elaine Kaufman Foundation Inc Albany, NY PURPOSE: GENERAL CHARITABLE | $30,000 |
Jewish Communal Fund New York, NY PURPOSE: GENERAL SUPPORT | $16,000 |
Olive Higgins Prouty Foundation Inc State Street Bank And Trust Boston, MA PURPOSE: GENERAL FUND | $2,000 |
The Mpd Higgins Foundation Boston, MA PURPOSE: GENERAL PURPOSE | $1,000 |
Hyman And Susan Feldman Family Foundation Chicago, IL PURPOSE: CIVIC | $100 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $58 |
Endowment Analysis
| Beg. Balance | $39,066,461 |
| Earnings | $5,480,680 |
| Net Contributions | $35,821 |
| Other Expense | $1,411,200 |
| Ending Balance | $43,171,762 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Interborough Developmental & Consultation Center Inc Brooklyn, NY | $61,623,980 | $56,914,779 |
Union Community Health Center Inc Bronx, NY | $37,674,663 | $46,378,633 |
The Mental Health Center Of Greater Manchester Inc Manchester, NH | $29,193,331 | $40,576,904 |
Central Nassau Guidance & Counseling Services Inc Hicksville, NY | $25,428,404 | $39,043,121 |
Unity House Of Troy Incorporated Troy, NY | $28,458,005 | $33,067,043 |
Mental Health Association Of Westchester Inc Tarrytown, NY | $25,934,841 | $29,776,302 |
Heywood Medical Group Inc Gardner, MA | $12,509,063 | $24,946,399 |
Austen Riggs Center Inc Stockbridge, MA | $70,871,646 | $27,352,029 |
Seacoast Mental Health Center Inc Portsmouth, NH | $15,380,524 | $24,422,055 |
Lamoille County Mental Health Service Morrisville, VT | $8,969,134 | $19,449,244 |
St Catherines Center For Children Albany, NY | $14,520,467 | $19,743,955 |
Connecticut Junior Republic Association Inc Litchfield, CT | $5,512,691 | $18,153,265 |