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RIFLE ECONOMIC DEVELOPMENT CORPORATION: Form 990EZ, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
RIFLE ECONOMIC DEVELOPMENT CORPORATION (EIN 20-5780798)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-08-07
IRS object ID
202432209349200813
Schema version
2023v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-08-07T08:23:50-07:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN882569219PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Troy L Weiss CPA LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1827 Railroad Avenue Flr 1AddressLine1Txt
CityRIFLECityNm
State AbbreviationCOStateAbbreviationCd
ZIP81650ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN205780798EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Rifle Economic Development CorporationBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlRIFLBusinessNameControlTxt
Phone9706254202PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1827 Railroad Avenue Flr 1AddressLine1Txt
CityRifleCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81650ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMichael LanghornePersonNm
Person TitlePresidentPersonTitleTxt
Signature2024-08-07SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTroy L Weiss CPAPreparerPersonNm
PTINP01522102PTIN
Phone9706659733PhoneNum
Self EmployedYes (X)SelfEmployedInd
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2024-08-08 14:25:15ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Address ChangeYes (X)AddressChangeInd
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website AddressN/AWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$186,227GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$78,716ContributionsGiftsGrantsEtcAmt
Membership Dues$30,000MembershipDuesAmt
Investment Income$32,322InvestmentIncomeAmt
Cost Or Other Basis Expense Sale$0CostOrOtherBasisExpenseSaleAmt
Fundraising Gross Income$45,189FundraisingGrossIncomeAmt
Special Events Direct Expenses$28,289SpecialEventsDirectExpensesAmt
Special Events Net Income Loss$16,900SpecialEventsNetIncomeLossAmt
Cost Of Goods Sold$0CostOfGoodsSoldAmt
Total Revenue$157,938TotalRevenueAmt
Salaries Other Comp Empl Bnft$12,116SalariesOtherCompEmplBnftAmt
Fees And Other Pymt To Ind Cntrct$21,671FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$33,000OccupancyRentUtltsAndMaintAmt
Other Expenses Total$38,178OtherExpensesTotalAmt
Total Expenses$104,965TotalExpensesAmt
Excess Or Deficit For Year$52,973ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$178,828NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$231,801NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$140,983BOYAmt
EOY$197,919EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$22,527BOYAmt
EOY$22,197EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$100,734BOYAmt
EOY$36,885EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$264,244BOYAmt
EOY$257,001EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$85,416BOYAmt
EOY$25,200EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$178,828BOYAmt
EOY$231,801EOYAmt
FieldValueIRS element (for citing)
Primary Exempt PurposePurpose of the Organization is to promote conomic development.PrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp

FieldValueIRS element (for citing)
Description Program Srvc AccomPurpose of the Organization is to promote economic development.DescriptionProgramSrvcAccomTxt
Program Service Expenses$70,459ProgramServiceExpensesAmt
FieldValueIRS element (for citing)
Total Program Service Expenses$70,459TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (3 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
Michael Langhorne
President0$0
Larry Stewart
Vice President0$0
Sally Brands
Secretary0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Tax Imposed Under IRC4911$0TaxImposedUnderIRC4911Amt
Tax Imposed Under IRC4912$0TaxImposedUnderIRC4912Amt
Tax Imposed Under IRC4955$0TaxImposedUnderIRC4955Amt
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Tax Imposed On Organization Mgr$0TaxImposedOnOrganizationMgrAmt
Tax Reimbursed By Organization$0TaxReimbursedByOrganizationAmt
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonREDCPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO Box 823AddressLine1Txt
CityRifleCityNm
State AbbreviationCOStateAbbreviationCd
ZIP81650ZIPCd
FieldValueIRS element (for citing)
Phone9706254202PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$135,566CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$88,700CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$95,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$83,079CurrentTaxYearMinus1YearAmt
Current Tax Year$124,938CurrentTaxYearAmt
Total$527,933TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$135,566CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$88,700CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$95,650CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$83,079CurrentTaxYearMinus1YearAmt
Current Tax Year$124,938CurrentTaxYearAmt
Total$527,933TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$0SubstantialContributorsTotAmt
Public Support Total170$527,933PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$527,933TotalSupportAmt
Public Support CY1701.00000PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1Farmer's MarketEvent1Nm
Gross Receipts Event1$28,087GrossReceiptsEvent1Amt
Gross Revenue Event1$28,087GrossRevenueEvent1Amt
Other Direct Expenses Event1$24,279OtherDirectExpensesEvent1Amt
Event2OtherEvent2Nm
Gross Receipts Event2$7,500GrossReceiptsEvent2Amt
Gross Revenue Event2$7,500GrossRevenueEvent2Amt
Other Events Total1OtherEventsTotalCnt
Gross Receipts Other Events$5,276GrossReceiptsOtherEventsAmt
Gross Revenue Other Events$5,276GrossRevenueOtherEventsAmt
Oth Direct Expnss Other Events$4,010OthDirectExpnssOtherEventsAmt
Gross Receipts Total$40,863GrossReceiptsTotalAmt
Gross Revenue Total Events$40,863GrossRevenueTotalEventsAmt
Oth Direct Expnss Total Events$28,289OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$28,289DirectExpenseSummaryEventsAmt
Net Income Summary$12,574NetIncomeSummaryAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (19 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Other Expenses.1001Advertising and Promotion $1270
Other Expenses.1002Office Expenses $2349
Other Expenses.1008Interest $52
Other Expenses.1009Depreciation $2503
Other Expenses.1012Insurance $1225
Other Expenses.1Grants to Businesses $20045
Other Expenses.2Supplies $7508
Other Expenses.3Website $1842
Other Expenses.4Registrations $556
Other Expenses.5Dues and Membership $420
Other Expenses.6Bank Charges $311
Other Expenses.7Training $55
Other Expenses.8Meetings $32
Other Expenses.9Licenses and Fees $10
Other Assets.1002Furniture and Fixtures - Beginning $13060 Furniture and Fixtures - Ending $10887
Other Assets.1005Accounts Receivable - Beginning $700 Accounts Receivable - Ending $700
Other Assets.1009Notes and Loans Receivable - Beginning $84074 Notes and Loans Receivable - Ending $22398
Other Assets.1Damage Deposit - Beginning $2900 Damage Deposit - Ending $2900
Total Liabilities.1001Accounts Payable and Accrued Expenses - Beginning $85416 Accounts Payable and Accrued Expenses - Ending $25200

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