2025-10-31T11:44:40-07:00 2024-12-31 823709663 Upkeepe 4824 E Baseline Rd Ste 112 Mesa AZ 85206 990 2024-01-01 843520422 Legacy Cares Inc CO Resolute Commercial Services LEGA 4809473321 6750 E Camelback Rd 103 Scottsdale AZ 85251 Jeremiah Foster Director 2025-10-31 true true Kelli Archibald P00180332 6025655169 2024 2025-03-06 01:10:19Z Jeremiah Foster 6750 E Camelback Rd 103 Scottsdale AZ 85251 333491054 false X legacycaresinc.org X 2018 AZ Prior to May 1, 2023, the date the taxpayer filed for chapter 11 bankruptcy, 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. The Organization had no activities other than the liquidation of its assets and liabilities in 2024. X 1 1 0 0 3342924 0 19501519 0 -196006107 153331 333337723 -173161664 333491054 2462 0 0 559512 0 0 0 74722663 13827208 75284637 13827208 -248446301 319663846 19590588 83816 339170932 0 -319580344 83816 X Prior to May 1, 2023, the date the taxpayer filed for chapter 11 bankruptcy, 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. The Organization had no activities other than the liquidation of its assets and liabilities in 2024. false true ON MAY 1, 2023 TAXPAYER (DEBTOR) FILED A VOLUNTARY PETITION FOR RELIEF UNDER CHAPTER 11 OF THE BANKRUPTCY CODE IN THE DISTRICT OF ARIZONA. DEBTOR HIRED AN INVESTMENT BANKING FIRM TO CONDUCT A MARKETING PROCESS FOR THE SALE OF THE PROPERTY AND RELATED OPERATIONS. THE DEBTOR OBTAINED FORMAL APPROVAL FROM THE BANKRUPTCY COURT TO ESTABLISH A COMPETITIVE SALE AND AUCTION PROCESS FOR THE ASSETS. SUBSEQUENTLY, ON DECEMBER 14, 2023, SUBSTANTIALLY ALL DEBTOR'S ASSETS WERE SOLD. LIMITED SECURED CLAIMS WERE RESOLVED WITH PROCEEDS FROM THE SALE OF DEBTOR'S ASSETS. THE REMAINING SUBSTANTIAL DEBTS (INCLUDING OUTSTANDING BOND) BECAME SUBSTANTIAL UNSECURED DEBTS, AND A PLAN OF LIQUIDATION WAS CONFIRMED BY THE BANKRUPTCY COURT IN JUNE 2024 INCLUDING THE FINAL DISSOLUTION OF THE BOND DEBT. DURING 2024 ALL ASSETS OF THE ORGANIZATION WERE TRANSFERRED TO A BANKRUPTCY TRUSTEE, RESOLUTE TRUST, TO OVERSEE THE FINAL LIQUIDATION OF THE ORGANIZATION. THE ORGANIZATION HAD NO FURTHER ACTIVITIES DURING 2024. true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 1 1 false true false false false false false true true false false true true true false true true false true false X Resolute Commercial Services 4809473321 6750 E Camelback Rd Scottsdale AZ 85251 X Jeremiah Foster Trustee 2.00 0.00 X 0 0 0 0 false false false Pachulski Stang Ziehl Jones 10100 Santa Monica Blvd Los Angeles CA 90067 Legal Services 268841 1 0 0 153331 153331 0 0 0 0 0 0 0 Gain on Extinguishment of debt 333337723 333337723 333337723 333491054 333337723 153331 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 745779 745779 0 0 0 0 0 0 0 0 0 0 0 0 Interest 11444912 11444912 Restructuring Expense 950221 950221 Trust Expense Transfer 500000 500000 Amortization 93199 93199 93097 93097 13827208 0 13827208 0 2006446 83816 3321295 0 0 48125 0 0 0 0 0 166881 0 0 5223481 0 0 0 0 8824360 0 19590588 83816 54667579 276385000 8118353 339170932 0 X -319580344 83816 -319580344 83816 19590588 83816 X 319663846 314 X false false false X 50000 5277230 3342924 8670154 1413269 22348115 19501519 43262903 0 0 0 1463269 27625345 22844443 51933057 0 0 51933057 16504 127584 198904 420238 153331 916561 0 16504 127584 198904 420238 153331 916561 0 333337723 333337723 16504 1590853 27824249 23264681 333491054 386187341 0.13450 0.98550 0.00240 0.01450 X Transfer of Assets to Bankruptcy Trust 2024-09-03 500000 FMV 396817721 Legacy Cares Liquidation Trust 6750 E Camelback Rd Ste 103 Scottsdale AZ 85251 Trust true false false false Part I & 2, Line 2e - Name and Explanation for Involvement in Successor Jeremiah Foster, a current trustee of Legacy Cares Inc, is the Trustee of Legacy Cares Liquidation Trust. Form 990, Part III, Line 3 See Part III, Line 4a Description Form 990, Part VI, Section A, Line 3 The Organization's dissolution is overseen by the Legacy Cares Liquidation Trust. Form 990, Part VI, Section B, Line 11b The return has been reviewed by the Trustee of the Legacy Cares Liquidation Trust as well as the employees of Resolute Trust. Form 990, Part VI, Section C, Line 19 Besides the Form 990, Form 1023, and IRS determination letter that are available at the Legacy Cares Liquidation Trust for public inspection, there are no other documents available to the public at this time. Form 990, Part XI, Line 9 Unrealized Gain on Investment = $314