Brattleboro Retreat
- Assets
- $45.2m
- Revenue
- $65.5m
- Investments
- $492.0k
- Employees
- 616
- Location
- Brattleboro, VT
- Founding
- 10/1942
- Data as of
- 12/2021
- EIN
- 03-0107360
Organization Overview
Brattleboro Retreat is located in Brattleboro, VT. The organization was established in 1942. According to its NTEE Classification (F31) the organization is classified as: Psychiatric Hospitals, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 12/2021, Brattleboro Retreat employed 616 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Brattleboro Retreat 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, Brattleboro Retreat generated $65.5m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.8%) each year. All expenses for the organization totaled $60.0m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.9%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OFFERING A CONTINUUM OF CARE INCLUDING INPATIENT, PARTIAL HOSPITALIZATION, RESIDENTIAL AND OUTPATIENT TREATMENT FOR CHILDREN, ADOLESCENTS, ADULTS, AND OLDER ADULTS THROUGHOUT THE NORTHEAST.
Describe the Organization's Program Activity:
OFFERING A FULL CONTINUUM OF CARE INCLUDING INPATIENT AND PARTIAL HOSPITALIZATION, RESIDENTIAL CARE FOR CHILDREN AND ADOLESCENTS, INTENSIVE OUTPATIENT SERVICES FOR ADULTS (INCLUDING TREATMENT FOR OPIATE ADDICTION), AND TRADITIONAL OUTPATIENT TREATMENT FOR CHILDREN, ADOLESCENTS ADULTS AND OLDER ADULTS FROM THROUGHOUT THE NORTHEAST. PATIENT DAYS: INPATIENT 18,950, PARTIAL 4,176, RESIDENTIAL 2,294, OUTPATIENT - 20,373
VERMONT BOARD OF EDUCATION APPROVED SCHOOL SERVING CHILDREN AND ADOLESCENTS IN INPATIENT, RESIDENTIAL, AND PARTIAL HOSPITALIZATION PROGRAMS. THE CURRICULUM MEETS THE EDUCATIONAL, CLINICAL, AND BEHAVIORAL NEEDS OF OUR STUDENTS AS WELL AS THE REQUIREMENTS OF VERMONT'S EDUCATIONAL STANDARDS. PATIENT SCHOOL DAYS 905.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Lambert Staff Psychiatrist | 40 | $439,600 | |
Louis Josephson CEO | OfficerTrustee | 40 | $429,117 |
Guarav Chawla Chief Medical Officer | 40 | $400,840 | |
Karl Jeffries Sr Medical Director | 40 | $288,480 | |
Elizabeth H Joseph Staff Psychiatrist | 40 | $268,961 | |
Tracey Krasnow Unit Chief | 40 | $258,379 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Food/housekeeping Services | 12/30/21 | $3,436,577 |
Ahsa Llc Travel Nurse Provider | 12/30/21 | $3,048,449 |
Schroeder Consulting Process Consultant | 12/30/21 | $1,364,155 |
Locumtenens Travel Doctor Provider | 12/30/21 | $799,275 |
Avant Healthcare Travel Nurse Provider | 12/30/21 | $1,008,899 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $18,546,407 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,377,347 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,923,754 |
| Total Program Service Revenue | $44,084,665 |
| Investment income | $85,474 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $67,590 |
| Net Gain/Loss on Asset Sales | $977 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,465,039 |
| 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. | $652,514 |
| Compensation of current officers, directors, key employees. | $652,514 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $28,642,959 |
| Pension plan accruals and contributions | $410,338 |
| Other employee benefits | $5,554,188 |
| Payroll taxes | $2,099,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $437,240 |
| Fees for services: Accounting | $90,450 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $23,579 |
| Fees for services: Other | $12,007,843 |
| Advertising and promotion | $69,232 |
| Office expenses | $65,502 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,728,149 |
| Travel | $14,591 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $429,119 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,754,605 |
| Insurance | $796,025 |
| All other expenses | $0 |
| Total functional expenses | $59,993,657 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,603,533 |
| Savings and temporary cash investments | $9,925,163 |
| Pledges and grants receivable | $1,027,878 |
| Accounts receivable, net | $2,890,283 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $150,075 |
| Prepaid expenses and deferred charges | $1,222,576 |
| Net Land, buildings, and equipment | $21,911,899 |
| Investments—publicly traded securities | $3,807,383 |
| Investments—other securities | $492,049 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,159,696 |
| Total assets | $45,190,535 |
| Accounts payable and accrued expenses | $10,024,175 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,532,832 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $356,221 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,959,394 |
| Total liabilities | $21,872,622 |
| Net assets without donor restrictions | $19,822,573 |
| Net assets with donor restrictions | $3,495,340 |
| 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 | $45,190,535 |
Grants Awarded
Over the last fiscal year, Brattleboro Retreat has awarded $24,178 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Brattleboro, VT PURPOSE: Organizational Support | $18,178 |
Hinsdale, NH PURPOSE: Organizational Support | $6,000 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Brattleboro Retreat has recieved totaling $25,115.
| Awarding Organization | Amount |
|---|---|
Thomas Thompson Trust Boston, MA PURPOSE: HEALTHWORKDS ACT PROGRAM LAUNCH | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $115 |
Endowment Analysis
| Beg. Balance | $3,686,428 |
| Earnings | -$49,619 |
| Ending Balance | $3,636,809 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Long Island Home Amityville, NY | $86,524,478 | $93,301,864 |
New York Gracie Square Hospital Inc New York, NY | $62,924,626 | $72,320,328 |
Brattleboro Retreat Brattleboro, VT | $45,190,535 | $65,465,039 |
The Lakes Region Mental Health Center Inc Laconia, NH | $16,534,727 | $16,794,140 |
Comprehensive Mental Health Systems North Dartmouth, MA | $3,589,910 | $11,614,122 |
St Josephs Hospital Health Center Foundation Inc Syracuse, NY | $19,284,095 | $2,021,499 |
New York Association Of Psychiatric Rehabilitation Services Inc Albany, NY | $409,776 | $1,929,887 |
Queens County Neuropsychiatric Institute Inc Jackson Heights, NY | $425,058 | $1,253,548 |
American Friends Of Herzog Hospital Inc New York, NY | $302,031 | $1,226,116 |
Boston Psychoanalytic Society And Institute Inc Newton Centre, MA | $17,526,827 | $2,697,086 |
Nami Western Massachusetts Inc Agawam, MA | $62,518 | $0 |
Woodhull Medical & Mental Health Center Auxiliary Inc Brooklyn, NY | $695,712 | $18,384 |