RIFLE ECONOMIC DEVELOPMENT CORPORATION: Form 990EZ, tax year 2022
View the entire original 990 at ProPublica ↗
- Organization
- RIFLE ECONOMIC DEVELOPMENT CORPORATION (EIN 20-5780798)
- Tax period
- 2022-01-01 to 2022-12-31
- Filed
- 2023-03-13
- IRS object ID
- 202320729349201607
- Schema version
- 2022v4.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-03-13T07:30:33-07:00 | ReturnTs |
| Tax Period End | 2022-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 852778114 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Mbaluka & Beisel LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 West Ave Ste 101 | AddressLine1Txt |
| City | Rifle | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81650 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2022-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 205780798 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Rifle Economic Development Corporation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | RIFL | BusinessNameControlTxt |
| Phone | 9706254202 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 West Avenue Suite 101 | AddressLine1Txt |
| City | Rifle | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81650 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Mike Johnson | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2023-03-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Mike | PersonFirstNm |
| Person Last | Johnson | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (true) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Eduardo Gutierrez | PreparerPersonNm |
| PTIN | P02424993 | PTIN |
| Phone | 9706252262 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 3 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2022 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990-EZ IRS990EZ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Schedule B Not Required | Yes (X) | ScheduleBNotRequiredInd |
| Website Address | N/A | WebsiteAddressTxt |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Gross Receipts | $125,480 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $83,079 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $25,064 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $17,337 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $22,815 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | -$5,478 | SpecialEventsNetIncomeLossAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Total Revenue | $102,665 | TotalRevenueAmt |
| Grants And Similar Amounts Paid | $10,000 | GrantsAndSimilarAmountsPaidAmt |
| Salaries Other Comp Empl Bnft | $32,472 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $2,831 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $32,500 | OccupancyRentUtltsAndMaintAmt |
| Printing Publications Postage | $108 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $18,451 | OtherExpensesTotalAmt |
| Total Expenses | $96,362 | TotalExpensesAmt |
| Excess Or Deficit For Year | $6,303 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $170,625 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $176,928 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $140,851 | BOYAmt |
| EOY | $141,306 | EOYAmt |
Land And Buildings LandAndBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,425 | BOYAmt |
| EOY | $22,527 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $99,601 | BOYAmt |
| EOY | $99,711 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $256,877 | BOYAmt |
| EOY | $263,544 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,252 | BOYAmt |
| EOY | $86,616 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $170,625 | BOYAmt |
| EOY | $176,928 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Exempt Purpose | Purpose of the Organization is to promote economic development. | PrimaryExemptPurposeTxt |
Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description Program Srvc Accom | Purpose of the Organization is to promote economic development. | DescriptionProgramSrvcAccomTxt |
| Grants And Allocations | $10,000 | GrantsAndAllocationsAmt |
| Program Service Expenses | $107,387 | ProgramServiceExpensesAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $107,387 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (10 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| Mike Johnson | ||
| President | 5.00 | $0 |
| Annick Pruett | ||
| Secretary | 5.00 | $0 |
| Doug Goldsmith | ||
| Director | 5.00 | $0 |
| Michael Langhorne | ||
| Board Member | 5.00 | $0 |
| Tinker Ducio | ||
| Director | 5.00 | $0 |
| Sally Brands | ||
| Secretary | 5.00 | $0 |
| Jeff Layman | ||
| Director | 5.00 | $0 |
| Joe Carpenter | ||
| Director | 5.00 | $0 |
| Nathan Lindquist | ||
| Director | 5.00 | $0 |
| Tyler Kelly | ||
| Director | 0 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Tax Imposed Under IRC4911 | $0 | TaxImposedUnderIRC4911Amt |
| Tax Imposed Under IRC4912 | $0 | TaxImposedUnderIRC4912Amt |
| Tax Imposed Under IRC4955 | $0 | TaxImposedUnderIRC4955Amt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| Tax Imposed On Organization Mgr | $0 | TaxImposedOnOrganizationMgrAmt |
| Tax Reimbursed By Organization | $0 | TaxReimbursedByOrganizationAmt |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | M B CPAs | PersonNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 450 West Avenue Suite 101 | AddressLine1Txt |
| City | Rifle | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 81650 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 9706252262 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Foreign Office | false | ForeignOfficeInd |
| Donor Advised Fnds | false | DonorAdvisedFndsInd |
| Operate Hospital | false | OperateHospitalInd |
| Tanning Services Provided | false | TanningServicesProvidedInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| School Operating | false | SchoolOperatingInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
Compensation Highest Paid Empl CompensationHighestPaidEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Tyler J Kelly | PersonNm |
| Title | Executive Director | TitleTxt |
| Average Hours Per Week | 30.00 | AverageHoursPerWeekRt |
| Compensation | $21,800 | CompensationAmt |
| Employee Benefits | $0 | EmployeeBenefitsAmt |
| Expense Account | $0 | ExpenseAccountAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Part VI Hghst Pd Cntrct Prof Srvc | NONE | PartVIHghstPdCntrctProfSrvcTxt |
| Filed Schedule A | Yes (true) | FiledScheduleAInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $149,785 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $135,566 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $88,700 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $95,650 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $83,079 | CurrentTaxYearAmt |
| Total | $552,780 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $149,785 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $135,566 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $88,700 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $95,650 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $83,079 | CurrentTaxYearAmt |
| Total | $552,780 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $552,780 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $461 | CurrentTaxYearMinus4YearsAmt |
| Total | $461 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $15,256 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $28,561 | CurrentTaxYearMinus1YearAmt |
| Total | $43,817 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $2,455 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $60 | CurrentTaxYearMinus1YearAmt |
| Total | $2,515 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $599,573 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $380,928 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.92200 | PublicSupportCY170Pct |
| Public Support PY170 | 0.93160 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | Farmer's Market | Event1Nm |
| Gross Receipts Event1 | $17,337 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $17,337 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $22,815 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $17,337 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $17,337 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $22,815 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $22,815 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$5,478 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (19 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Grants and Similar Amounts Paid In Excess of $5,000.1 | | Donee's Name: City of Rifle | Donee's Address: 202 Railroad Ave Rifle CO 81650 | Cash Amount Given: $10000 |
| Other Expenses.1001 | Advertising and Promotion $3515 |
| Other Expenses.1003 | Information Technology $2963 |
| Other Expenses.1008 | Interest $811 |
| Other Expenses.1009 | Depreciation $590 |
| Other Expenses.1012 | Insurance $836 |
| Other Expenses.1 | Supplies $4640 |
| Other Expenses.2 | Meetings $2252 |
| Other Expenses.3 | Website Services $1551 |
| Other Expenses.4 | Registration Fees $644 |
| Other Expenses.5 | Dues & Subscriptions $399 |
| Other Expenses.6 | Equipment & Maintenance $210 |
| Other Expenses.8 | Bank Charges $40 |
| Other Assets.1002 | Furniture and Fixtures - Beginning $13327 Furniture and Fixtures - Ending $12737 |
| Other Assets.1005 | Accounts Receivable - Beginning $-700 Accounts Receivable - Ending $0 |
| Other Assets.1009 | Notes and Loans Receivable - Beginning $86974 Notes and Loans Receivable - Ending $86974 |
| Total Liabilities.1001 | Accounts Payable and Accrued Expenses - Beginning $-1200 Accounts Payable and Accrued Expenses - Ending $0 |
| Total Liabilities.1008 | Unsecured Notes and Loans Payable - Beginning $86571 Unsecured Notes and Loans Payable - Ending $86571 |
| Total Liabilities.1 | Payroll Taxes Payable - Beginning $881 Payroll Taxes Payable - Ending $45 |
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