Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $443,741

• 1f · All other contributions, gifts and grants

  $137,304

• 1g · Noncash contributions included above

  $12,058

• 2a · Program service revenue: Patient Service Revenue

  total $147,777,123 · related or exempt $147,777,123

• 2b · Program service revenue: Miscellaneous

  total $745,308 · related or exempt $559,149 · excluded $186,159

• 2c · Program service revenue: MSO Revenue

  total $136,170 · related or exempt $136,170

• 2d · Program service revenue: Contractual/Char. Adj.

  total -$51,374,504 · related or exempt -$51,374,504

• 3 · Investment income

  total $480,234 · excluded $480,234

• 6a · Gross rents

  real property $399,392

• 6b · Less rental expenses

  real property $698,058

• 6c · Rental income or loss

  real property -$298,666

• 6d · Net rental income or loss

  total -$298,666 · excluded -$298,666

• 7a · Gross sales of assets other than inventory

  securities $2,510,357

• 7b · Less cost or other basis and sales expenses

  securities $2,510,769

• 7c · Gain or loss

  securities -$412

• 7d · Net gain or loss

  total -$412 · excluded -$412

• 11a · Other revenue: Joint Venture Earnings

  total $205,961 · related or exempt $205,961

• 11e · Other revenue, total

  $205,961

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $500 · program services $500

• 5 · Compensation of officers, directors and key employees

  total $1,715,505 · program services $812,731 · management and general $902,774

• 7 · Other salaries and wages

  total $33,519,894 · program services $27,821,219 · management and general $5,698,675

• 8 · Pension plan contributions

  total $501,305 · program services $407,365 · management and general $93,940

• 9 · Other employee benefits

  total $5,975,611 · program services $4,845,563 · management and general $1,130,048

• 10 · Payroll taxes

  total $2,464,039 · program services $2,001,773 · management and general $462,266

• 11b · Fees: legal

  total $335,103 · management and general $335,103

• 11c · Fees: accounting

  total $186,459 · management and general $186,459

• 11d · Fees: lobbying

  total $24,000 · management and general $24,000

• 11e · Fees: professional fundraising services

  total $36,000 · fundraising $36,000

• 11f · Fees: investment management

  total $19,663 · management and general $19,663

• 11g · Fees: other

  total $33,766,867 · program services $27,299,130 · management and general $6,467,737

• 12 · Advertising and promotion

  total $44,430 · program services $44,430

• 13 · Office expenses

  total $69,477 · program services $54,411 · management and general $15,066

• 16 · Occupancy

  total $1,945,208 · program services $1,690,102 · management and general $255,106

• 17 · Travel

  total $107,569 · program services $86,222 · management and general $21,347

• 20 · Interest

  total $352,128 · program services $188,908 · management and general $163,220

• 22 · Depreciation, depletion and amortization

  total $2,097,086 · program services $1,156,307 · management and general $940,779

• 23 · Insurance

  total $828,867 · program services $828,867

• 24a · Other expenses: Provider Tax

  total $2,140,374 · program services $2,140,374

• 24b · Other expenses: Miscellaneous Expenses

  total $1,895,327 · program services $1,371,608 · management and general $523,719

• 24c · Other expenses: Medical Supplies

  total $1,043,729 · program services $1,043,729

• 24d · Other expenses: Meals

  total $1,010,853 · program services $997,215 · management and general $13,638

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $10,663,329 · end of year $4,815,764

• 2 · Savings and temporary cash investments

  beginning of year $17,831,624 · end of year $17,746,318

• 4 · Accounts receivable

  beginning of year $3,244,359 · end of year $1,627,760

• 8 · Inventories for sale or use

  beginning of year $104,154 · end of year $124,527

• 9 · Prepaid expenses and deferred charges

  beginning of year $945,743 · end of year $1,143,416

• 10a · Land, buildings and equipment: cost or other basis

  $67,875,137

• 10b · Land, buildings and equipment: accumulated depreciation

  $47,068,735

• 10c · Land, buildings and equipment, net

  beginning of year $20,460,157 · end of year $20,806,402

• 11 · Investments: publicly traded securities

  beginning of year $3,358,374 · end of year $3,586,564

• 12 · Investments: other securities

  beginning of year $412,356 · end of year $646,338

• 14 · Intangible assets

  beginning of year $0 · end of year $1,576,540

• 15 · Other assets

  beginning of year $526,817 · end of year $8,337,779

• 17 · Accounts payable and accrued expenses

  beginning of year $7,727,161 · end of year $8,493,432

• 20 · Tax-exempt bond liabilities

  beginning of year $8,667,978 · end of year $7,776,603

• 23 · Secured mortgages and notes payable

  beginning of year $266,417 · end of year $168,979

• 25 · Other liabilities

  beginning of year $9,387,810 · end of year $4,064,228

• 27 · Net assets without donor restrictions

  beginning of year $28,065,471 · end of year $38,166,969

• 28 · Net assets with donor restrictions

  beginning of year $3,432,076 · end of year $1,741,197

The filer's explanations (Part III)

Part I, Line 1a

During calendar year 2023, Linda Rossi, CEO, and Karl Jeffries, Chief Medical Officer each received a housing allowance which is included as part of their taxable compensation.

Part I, Line 1b

The Board of Directors approved the housing allowances provided by the Organization.

Part I, Line 7

During 2023 Karl Jeffries, Lisa Lambert, Jarred Zucker, and Lance Thigpen were awarded bonuses based on performance and due to lack of pay raise in the calendar year.

Form 990, Part VII, Line 5:

During the calendar year 2023, Brattleboro Retreat paid Mazars USA LLP, an unrelated organization, $313,062 for services provided by William King as Interim CFO. Brattleboro Retreat is not able to determine the compensation paid to William King, only the amount paid to Mazars USA LLP.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

• Vermont Collaborative Care LLC

  Related · Care Management Services · VT · 50% owned · share of income $233,982 · share of assets $671,215 · general or managing partner

  Directly controlled by Brattleboro Retreat