Overview
What is Legacy Echn Inc?
Legacy Echn Inc is a nonprofit organization, headquartered in Glastonbury, Connecticut, with the primary aim of supporting and benefiting charitable hospital corporations, such as Manchester Memorial Hospital and Rockville General Hospital. The organization carries out their objectives by promoting, furthering, and upholding their welfare, missions, and activities. Additionally, Legacy Echn Inc manages and applies charitable funds for exclusively charitable purposes, contributing to the traditional missions of these hospitals and serving the interests of their respective communities.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Legacy Echn Inc received a One-Star rating from Charity Navigator, reflecting significant concerns regarding its financial management and accountability practices. The organization scored particularly low in its Program Expense Ratio, indicating that only a small portion of its expenses is allocated towards programs, which raises questions about its effectiveness in fulfilling its mission.
On the positive side, Legacy Echn Inc demonstrates strong governance practices, with a fully independent board and comprehensive policies in place, including conflict of interest and whistleblower policies. This structure suggests a commitment to transparency and ethical conduct within the organization.
However, the low liabilities to assets ratio and minimal program spending indicate potential issues in financial health and operational effectiveness. Stakeholders may want to consider these factors when assessing the organization's impact and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Legacy Echn Inc legitimate?
Legacy Echn Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Legacy Echn Inc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Legacy Echn Inc?
Legacy Echn Inc's mission is centered around supporting and advancing the objectives and functions of two charitable hospital corporations: Manchester Memorial Hospital and Rockville General Hospital. The primary goal is to enhance their goals, fulfill their obligations, and carry out their purposes, thereby benefiting the hospitals and the communities they serve. Additionally, Legacy Echn Inc is responsible for managing and utilizing charitable funds for exclusively charitable purposes, thereby contributing to the traditional missions of these hospitals.
Who is the CEO of Legacy Echn Inc?
Robert A Schwartz Md is the President of Legacy Echn Inc.
What is the revenue of Legacy Echn Inc?
Legacy Echn Inc's revenue in 2022 was $127,595.
Who are the executives of Legacy Echn Inc and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Legacy Echn Inc?
Legacy Echn Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Legacy Echn Inc
Legacy Echn Inc, with its mission, endeavors to support and advance the objectives, duties, and functions of the Manchester Memorial Hospital and the Rockville General Hospital, two charitable hospital corporations. Its primary goal is to uphold, promote, and further the welfare, mission, and activities of these organizations, ultimately benefiting the communities they serve. In addition, Legacy Echn Inc manages and utilizes charitable funds for exclusively charitable purposes, contributing to the traditional missions of these hospital corporations. By carrying out these tasks, Legacy Echn Inc plays a crucial role in enhancing the well-being and serving the interests of the communities these hospitals cater to.
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Impact
October, 2024
Legacy Echn Inc plays a crucial role in enhancing community health services and supporting the mission of two prominent hospital corporations in Connecticut: the former Manchester Memorial Hospital and Rockville General Hospital. By focusing on the welfare and activities of these institutions, Legacy Echn Inc ensures that essential medical services and resources remain accessible to the communities they serve.
The organization actively pursues the goals and obligations of these hospitals, effectively channeling charitable funds to uphold their traditional missions. This includes managing and applying resources to further healthcare initiatives, improve patient care, and sustain healthy community programs. Legacy Echn Inc’s impact is significant as it not only preserves healthcare traditions but also adapts to the evolving needs of the community, thereby fostering a robust healthcare environment in Glastonbury and surrounding areas in Connecticut.
This information is meant to be a general summary of Legacy Echn Inc. 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.
- Gross Receipts: $127,595
Assets and Liabilities:
- Total Assets: $14,844,292
- Total Liabilities: $710,812
- Net Assets: $14,133,480
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Organization Details
Founding Year
1995
Phone
(860) 646-1222Principal Officer
Robert A Schwartz Md
Main Address
100 WESTERN BOULEVARD, GLASTONBURY, CT, 06033
NTEE Category
Code: E30Z - Health
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