2025-08-19T10:25:36-05:00 2024-09-30 881478669 CBIZ ADVISORS LLC 53 STATE STREET BOSTON MA 02109 990PF 2023-10-01 222546079 LEGACY ECHN INC LEGA 8606461222 100 WESTERN BOULEVARD GLASTONBURY CT 06033 ROBERT A SCHWARTZ MD PRESIDENT 8606461222 2025-08-19 1 1 DOUGLAS FARRINGTON P00370668 6178075000 2025-08-15 2023 2025-03-06 01:10:19Z X 14414064 X 218816 0 218816 0 0 0 0 0 0 813460 0 0 813460 73810 0 0 0 2613 0 0 0 1480 0 0 0 42396 0 0 0 933759 0 0 813460 0 0 933759 0 0 813460 -714943 0 0 7288521 6534095 6534095 16838 16482 16482 3298174 3877393 3877393 3698640 3986094 3986094 14302173 14414064 14414064 79499 39659 610898 898352 690397 938011 X 10313603 9598660 3298173 3877393 13611776 13476053 14302173 14414064 13611776 -714943 579220 13476053 0 13476053 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 CT 1 0 0 0 0 1 N/A MICHAEL THURZ 8604302017 100 WESTERN BOULEVARD MANCHESTER CT 06033 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 ROBERT A SCHWARTZ MD 100 WESTERN BOULEVARD GLASTONBURY CT 06033 PRESIDENT 1.00 0 0 0 THOMAS F SCANLON 100 WESTERN BOULEVARD GLASTONBURY CT 06033 TREASURER 1.00 0 0 0 MICHELE R BLEZARD 100 WESTERN BOULEVARD GLASTONBURY CT 06033 SECRETARY 1.00 0 0 0 NONE 0 WIGGIN AND DANA LLP 265 CHURCH STREET PO BOX 1832 NEW HAVEN CT 06508 LEGAL SERVICES 813460 MARCUM LLP 53 STATE STREET 17TH FLOOR BOSTON MA 02109 TAX AND OTHER RELATED SERVICES 56191 0 0 0 6908688 7446810 14355498 0 0 14355498 215332 14140166 707008 707008 0 707008 0 707008 0 707008 813460 0 813460 707008 0 0 251646 251646 813460 0 0 0 707008 106452 0 0 358098 0 0 0 0 0 0 0 358098 251646 106452 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X X 1 WILLIAM E BARTON TRUST 99 FOUNDERS PLAZA EAST HARTFORD CT 06108 77537 X 2 MARY BARTON TRUST 99 FOUNDERS PLAZA EAST HARTFORD CT 06108 37556 X 3 DILLON LAURENCE M TRUST 99 FOUNDERS PLAZA EAST HARTFORD CT 06108 103723 X ACCOUNTING FEES 73810 0 0 0 PART I - LINE 16A AND PART XI - QUALIFYING DISTRIBUTIONS, LINE 1A TREATMENT OF LEGAL FEES AS QUALIFYING DISTRIBUTIONS:THE ORGANIZATION PAID LEGAL FEES THAT WERE REASONABLE AND NECESSARY TO FURTHER THE ORGANIZATION'S CHARITABLE PURPOSES AND TO PRESERVE AND PROTECT ITS CHARITABLE ASSETS IN LITIGATION FROM CLAIMS AND LIABILITIES RELATED TO THE SALE OF ITS ASSETS TO A FOR-PROFIT ENTITY. THEORGANIZATION IS THE PARENT AND SUPPORTING ORGANIZATION OF A HOSPITAL SYSTEM THAT SOLD ITS ASSETS TO A FOR-PROFIT PURCHASER IN 2016. AFTER THE SALE, THE FOR-PROFIT PURCHASER ASSERTED THAT UNDER THE ASSET PURCHASE AGREEMENT IT WAS ENTITLED TO RECEIVE ROUGHLY $10,000,000 OF ACHARITABLE BEQUEST TO ONE OF THE SYSTEM'S HOSPITALS, AND IT SUED THE ORGANIZATION DEMANDING PAYMENT OF THE BEQUEST. AFTER A TRIAL CONDUCTED DURING THE PRIOR TAX YEAR, THE COURT ISSUED A DECISION FINDING IN FAVOR OF THE ORGANIZATION AND HOLDING THAT THE ORGANIZATION HAD THE RIGHT TO RETAIN THE BEQUEST. THE FOR-PROFIT PURCHASER APPEALED THAT DECISION. IN ADDITION, THE ORGANIZATION SEPARATELY SUED THE FOR-PROFIT PURCHASER SEEKING PROTECTION FROM NEARLY $10,000,000 IN IMPOSED AND THREATENED PENALTIES BY THE IRS AND THE RECOVERY OF ASSOCIATED LEGAL AND OTHER PROFESSIONAL SERVICE FEES ARISING FROM THE FOR-PROFIT ENTITY'S "WILLFUL DISREGARD" OF IRS NOTICES WHILE PROVIDING REQUIRED POST-CLOSING SERVICES TO THE ORGANIZATION, INCLUDING THE FILING OF ITS TAX RETURNS. THIS CASE WAS TRIED, AND THE COURT FOUND IN THE ORGANIZATION'S FAVOR. FOLLOWING THE COURT'S DECISIONS IN THE ORGANIZATION'S FAVOR, THE ORGANIZATION SOUGHT REIMBURSEMENT OF ITS ATTORNEYS' FEES AND COSTS. FINALLY, IN ADDITION TO THE LEGAL EXPENSES RELATED TO THE TWO MAJOR PIECES OF LITIGATION, THE ORGANIZATION PAID OTHER LEGAL EXPENSES ASSOCIATED WITH ITS RESPONSIBILITIES TO MANAGE AND CONTINUE ITS WIND-DOWN OF THE ORGANIZATION, INCLUDING EXPENSES FOR LEGAL SERVICES FOR PARTICIPATION IN PROBATE COURT PROCEEDINGS FOR TESTAMENTARY CHARITABLE GIFTS. ALL LEGAL FEES WERE CHARGED AT REDUCED HOURLY RATES SUBSTANTIALLY LESS THAN THOSE CHARGED TO THE GENERAL PUBLIC. CONSISTENT WITH REVENUE RULING 75-495 AND ITS PROGENY, THESE LEGAL FEES ARE QUALIFYING DISTRIBUTIONS BECAUSE THEY WERE BOTH REASONABLE AND NECESSARY TO ACCOMPLISH AN EXEMPT PURPOSE. INVESTMENT AT COST 3877393 3877393 LEGAL FEES 813460 0 0 813460 ESTIMATED SETTLEMENTS DUE FROM THIRD-PARTY PAYERS 1837022 1837022 1837022 DUE FROM PROSPECT ECHN, INC. 1861618 2149072 2149072 INSURANCE 42129 0 0 0 POSTAGE AND MAILING SERVICE 267 0 0 0 UNREALISED GAINS (LOSSES) 579220 ESTIMATED SETTLEMENTS DUE TO THIRD PARTY PAYERS 610898 610898 DUE TO PMH - SALE OF BUILDING 0 287454 CONSULTING EES 2613 0 0 0 EXCISE TAX 1480 0 0 0