Legacy Cares Inc
- Assets
- $275.9m
- Revenue
- $27.8m
- Investments
- $0.0
- Employees
- 3
- Location
- Phoenix, AZ
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 84-3520422
Organization Overview
Legacy Cares Inc is located in Phoenix, AZ. The organization was established in 2019. According to its NTEE Classification (N40) the organization is classified as: Sports Associations & Training Facilities, under the broad grouping of Recreation & Sports and related organizations. As of 12/2022, Legacy Cares Inc employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Cares 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, Legacy Cares Inc generated $27.8m in total revenue. All expenses for the organization totaled $71.6m during the year ending 12/2022. While expenses have increased by 111.3% per year over the past 3 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
LEGACY CARES, INC. IS A 501C3 NON-PROFIT ORGANIZATION DEDICATED TO PROVIDING ATHLETES AND NON-ATHLETES ALIKE OF ALL AGES, ECONOMIC BACKGROUNDS, AND LEVELS OF ATHLETIC PROFICIENCY THE OPPORTUNITY TO PARTICIPATE IN SPORTS WHILE FOSTERING THE ENJOYMENT AND CAMARADERIE OF TEAMWORK AND PERSEVERANCE, KEY COMPONENTS IN ATHLETIC COMPETITION AND LIFETIME SUCCESS. ITS MISSION IS TO PROVIDE FAMILIES A SAFE, FRIENDLY, HIGH-QUALITY ENVIRONMENT IN WHICH TO EXPERIENCE DIFFERENT SPORTING, ARTISTIC, EDUCATIONAL, AND ENTERTAINMENT AMENITIES. LEGACY CARES SERVES THE COMMUNITY BY PROVIDING OPPORTUNITIES TO EXPLORE, LEARN, AND DEVELOP NEW AND EXISTING SKILLS IN ORDER TO EXTRACT UNTAPPED ABILITIES WHILE PROMOTING A HEALTHY LIFESTYLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2022, LEGACY CARES, INC. OPENED A 320 ACRE WORLD CLASS SPORTS AND ENTERTAINMENT PARK THAT HAS 24 FOOTBALL/SOCCER FIELDS, 19 BASKETBALL COURTS, 41 PICKLEBALL COURTS, 12 BEACH VOLLEYBALL COURTS, EIGHT SOFTBALL FIELDS, AND MUCH MORE. LEGACY CARES INC PROVIDED HUNDREDS OF ATHLETES AND NON ATHLETES OF ALL AGES THE OPPORTUNITY TO PARTICIPATE IN SPORTS CAMPS, TRAINING PROGRAMS, LEAGUES, AND TOURNAMENTS. THE PARK PROVIDES ATHLETES AND NON-ATHLETES OF ALL AGES, ECONOMIC BACKGROUNDS AND LEVELS OF ATHLETIC PROFICIENCY, THE OPPORTUNITY TO PARTICIPATE IN SPORTS WHILE FOSTERING THE ENJOYMENT AND CAMARADERIE OF TEAMWORK AND PERSEVERANCE, KEY COMPONENTS IN ATHLETIC COMPETITION AND LIFETIME SUCCESS. THE ORGANIZATION ALSO HOSTED NUMEROUS COMMUNITY EVENTS AT THE PARK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lawrence K White Director | Trustee | 20 | $262,350 |
Douglas G Moss President | OfficerTrustee | 40 | $247,917 |
Austin J Jack Chief Development Officer | 40 | $169,460 | |
Daniel O'brien Director | Trustee | 1 | $0 |
Natalie Alvarez Director | Trustee | 1 | $0 |
John Willis Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Haydon Building Comp Construction Services | 12/30/22 | $8,356,414 |
Okland Constuction Constuction Services | 12/30/22 | $21,875,736 |
Insight Investments Llc Consultation Services | 12/30/22 | $2,843,458 |
Marc Taylor Inc Construction Services | 12/30/22 | $1,376,855 |
Kearney Electric Inc Construction Services | 12/30/22 | $2,064,991 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,277,230 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,277,230 |
| Total Program Service Revenue | $22,348,115 |
| Investment income | $64,264 |
| Tax Exempt Bond Proceeds | $134,640 |
| Royalties | $0 |
| Net Rental Income | $25,496 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $27,849,745 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $45,232 |
| Grants and other assistance to domestic individuals. | $27,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $679,727 |
| Compensation of current officers, directors, key employees. | $481,394 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $54,598 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,922 |
| Payroll taxes | $26,719 |
| Fees for services: Management | $659,263 |
| Fees for services: Legal | $622,125 |
| Fees for services: Accounting | $96,179 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,477,899 |
| Advertising and promotion | $321,421 |
| Office expenses | $6,411,844 |
| Information technology | $44,652 |
| Royalties | $0 |
| Occupancy | $4,554,445 |
| Travel | $104,431 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,062 |
| Interest | $21,373,370 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,186,479 |
| Insurance | $1,475,450 |
| All other expenses | $491,836 |
| Total functional expenses | $71,628,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,163 |
| Savings and temporary cash investments | $3,260,151 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,015,729 |
| Loans from Officers, Directors, or Controlling Persons | $1,311,491 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,242,727 |
| Net Land, buildings, and equipment | $215,101,135 |
| Investments—publicly traded securities | $22,893,570 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $30,002,647 |
| Total assets | $275,862,613 |
| Accounts payable and accrued expenses | $60,832,682 |
| Grants payable | $0 |
| Deferred revenue | $2,859,337 |
| Tax-exempt bond liabilities | $276,385,000 |
| 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 | $8,534,562 |
| Total liabilities | $348,611,581 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | -$72,748,968 |
| Total liabilities and net assets/fund balances | $275,862,613 |