Legacy Echn Inc
- Assets
- $14.3m
- Revenue
- $199.7k
- Investments
- $3.3m
- Employees
- 0
- Location
- Glastonbury, CT
- Founding
- 11/1984
- Data as of
- 09/2023
- EIN
- 22-2546079
Organization Overview
Legacy Echn Inc is located in Glastonbury, CT. The organization was established in 1984. According to its NTEE Classification (E30) the organization is classified as: Ambulatory & Primary Health Care, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Echn 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 09/2023, Legacy Echn Inc generated $199.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (51.9%) each year. All expenses for the organization totaled $1.0m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT, PERFORM THE FUNCTIONS OF, CARRY OUT THE PURPOSES OF, AND UPHOLD, PROMOTE AND FURTHER THE WELFARE, MISSION AND ACTIVITIES OF THE CHARITABLE HOSPITAL CORPORATIONS FORMERLY KNOWN AS THE MANCHESTER MEMORIAL HOSPITAL, OF MANCHESTER, CONNECTICUT AND THE ROCKVILLE GENERAL HOSPITAL, INCORPORATED, OF VERNON, CONNECTICUT (THE "HOSPITAL CORPORATIONS"): (I) BY FURTHERING, EFFECTING, AND CARRYING OUT THE HOSPITAL CORPORATIONS' GOALS, OBLIGATIONS, AND FUNCTIONS TO BENEFIT THE HOSPITAL CORPORATIONS AND THE INTERESTS OF THE COMMUNITIES THEY SERVED; AND (II) BY RECEIVING, COLLECTING, PRESERVING, MANAGING, APPLYING AND DISPOSING OF ASSETS AND CHARITABLE FUNDS FOR THE EXCLUSIVELY CHARITABLE PURPOSES OF THE CORPORATION AND BENEFITING THE TRADITIONAL MISSIONS OF THE HOSPITAL CORPORATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FURTHERING, EFFECTING, AND CARRYING OUT THE HOSPITAL CORPORATIONS' GOALS, OBLIGATIONS, AND FUNCTIONS TO BENEFIT THE HOSPITAL CORPORATIONS AND THE INTERESTS OF THE COMMUNITIES THEY SERVED; AND RECEIVING, COLLECTING, PRESERVING, MANAGING, APPLYING AND DISPOSING OF ASSETS AND CHARITABLE FUNDS FOR THE EXCLUSIVELY CHARITABLE PURPOSES OF THE CORPORATION AND BENEFITING THE TRADITIONAL MISSIONS OF THE HOSPITAL CORPORATIONS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert A Schwartz MD President | 1 | $0 | |
Thomas F Scanlon Treasurer | 1 | $0 | |
Michele R Blezard Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $98,838 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $100,825 |
| Capital Gain Net Income | $100,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $199,663 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $55,931 |
| Total operating and administrative expenses | $1,041,589 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $1,041,589 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,288,521 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $16,838 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,298,174 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $3,698,640 |
| Total assets | $14,302,173 |
| Accounts payable and accrued expenses | $79,499 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $610,898 |
| Total liabilities | $690,397 |