Overview
What is Ledgemont Legacy Corporation?
Ledgemont Legacy Corporation is a former entity that once operated a country club located at 120 Lavan Street 2, Warwick, Rhode Island (RI 02888). Despite its previous operations, the country club is no longer in service, and the organization has sold its assets. The corporation is currently in the process of dissolving, with the remaining assets being liquidated. Although the country club is no longer operational, Ledgemont Legacy Corporation continues to manage its affairs until the liquidation process is complete.
Is Ledgemont Legacy Corporation legitimate?
Ledgemont Legacy Corporation is a legitimate nonprofit organization registered as a 501(c)(7) entity. Ledgemont Legacy Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Ledgemont Legacy Corporation?
The Ledgemont Legacy Corporation, formerly a country club, has ceased its operations and sold its operating assets. Upon the completion of liquidating the remaining assets, the corporation will be dissolved. The entity's primary focus during this period is on the liquidation process. The funds obtained from the sale of assets will be utilized to fulfill any legal or financial obligations before the corporation is officially dissolved.
Who is the CEO of Ledgemont Legacy Corporation?
Jeffrey Brier is the President of Ledgemont Legacy Corporation.
What is the revenue of Ledgemont Legacy Corporation?
Ledgemont Legacy Corporation's revenue in 2022 was $14,612.
Who are the executives of Ledgemont Legacy Corporation and what are their salaries?
Here are 8 key members and their salaries:
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Where can I find the form 990 for Ledgemont Legacy Corporation?
Ledgemont Legacy Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ledgemont Legacy Corporation
Ledgemont Legacy Corporation, having ceased its operations as a country club, is now in the process of liquidating its remaining assets. Originally serving as a country club, the corporation is now on a path towards dissolution, marking the end of its operations in this capacity. The corporation's focus now lies in selling off its remaining assets, ultimately leading to its dissolution.
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Impact
October, 2024
Ledgemont Legacy Corporation has had a significant impact on its local community in Warwick, RI, primarily through its former operation as the Ledgemont Country Club. The country club served as a recreational hub, providing a space for residents to engage in leisure activities and socialize. With the cessation of its operations and the subsequent sale of its assets, the community has experienced a shift in recreational options available to residents.
The dissolution of the corporation will result in the liquidation of any remaining assets, which may impact local development plans and the availability of open spaces formerly associated with the country club. While the organization no longer operates as a recreational facility, its legacy may influence future proposals for land use and community activities in the area, necessitating a response from local stakeholders to adapt to these changes.
This information is meant to be a general summary of Ledgemont Legacy Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $749
- Gross Receipts: $14,612
Assets and Liabilities:
- Total Assets: $159,417
- Total Liabilities: $1,740
- Net Assets: $157,677
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Organization Details
Founding Year
1924
Phone
(508) 761-6600Principal Officer
Jeffrey Brier
Main Address
120 LAVAN STREET 2, WARWICK, RI, 02888
NTEE Category
Code: N50 - Recreation
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