RIFLE ECONOMIC DEVELOPMENT CORPORATION: Form 990EZ, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- RIFLE ECONOMIC DEVELOPMENT CORPORATION (EIN 20-5780798)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-03-16
- IRS object ID
- 202100759349200855
- Schema version
- 2020v4.0
- 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 | 2021-03-16T07:48:31-07:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 841461173 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Weiss and Associates PC | 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 | 2020-01-01 | 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 |
| Business Name Line2 | co Weiss & Associates PC | BusinessNameLine2Txt |
| 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 | 2021-03-16 | 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 |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Edward E Weiss CPA | PreparerPersonNm |
| PTIN | P00411953 | PTIN |
| Phone | 9706252262 | PhoneNum |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Federated Assurance Level | FAL1 | FederatedAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | 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 | $132,166 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $47,700 | ContributionsGiftsGrantsEtcAmt |
| Membership Dues | $41,000 | MembershipDuesAmt |
| Investment Income | $21,686 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $19,325 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $25,755 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | -$6,430 | SpecialEventsNetIncomeLossAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Other Revenue Total | $2,455 | OtherRevenueTotalAmt |
| Total Revenue | $106,411 | TotalRevenueAmt |
| Salaries Other Comp Empl Bnft | $35,298 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $5,797 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $36,171 | OccupancyRentUtltsAndMaintAmt |
| Printing Publications Postage | $169 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $37,475 | OtherExpensesTotalAmt |
| Total Expenses | $114,910 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$8,499 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $143,072 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $134,573 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,428 | BOYAmt |
| EOY | $97,450 | EOYAmt |
Land And Buildings LandAndBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,000 | BOYAmt |
| EOY | $10,000 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $66,901 | BOYAmt |
| EOY | $114,724 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $145,329 | BOYAmt |
| EOY | $222,174 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,257 | BOYAmt |
| EOY | $87,601 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $143,072 | BOYAmt |
| EOY | $134,573 | 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 | $96,671 | GrantsAndAllocationsAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $96,671 | 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 | Ed Weiss | 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 (2 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | CompensationCompensationAmt | Employee BenefitsEmployeeBenefitsAmt | Expense AccountExpenseAccountAmt |
|---|---|---|---|---|
| Katherine Potter-Mackley | ||||
| Executive Director | 30.00 | $28,375 | $0 | $0 |
| Tyler Kelly | ||||
| Executive Director | 30.00 | $4,390 | $0 | $0 |
| 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 | $117,100 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $172,337 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $149,785 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $135,566 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $88,700 | CurrentTaxYearAmt |
| Total | $663,488 | 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 | $117,100 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $172,337 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $149,785 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $135,566 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $88,700 | CurrentTaxYearAmt |
| Total | $663,488 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $663,488 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $502 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $332 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $461 | CurrentTaxYearMinus2YearsAmt |
| Total | $1,295 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year | $15,256 | CurrentTaxYearAmt |
| Total | $15,256 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $46,604 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year | $2,455 | CurrentTaxYearAmt |
| Total | $49,059 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $729,098 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $608,364 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.91000 | PublicSupportCY170Pct |
| Public Support PY170 | 0.84540 | 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 | $19,325 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $19,325 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $25,755 | OtherDirectExpensesEvent1Amt |
| Gross Receipts Total | $19,325 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $19,325 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $25,755 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $25,755 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | -$6,430 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (20 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other Revenue.1 | Other $2455 |
| Other Expenses.1001 | Advertising and Promotion $171 |
| Other Expenses.1003 | Information Technology $3772 |
| Other Expenses.1007 | Conferences, Conventions, and Meetings $49 |
| Other Expenses.1008 | Interest $51 |
| Other Expenses.1009 | Depreciation $267 |
| Other Expenses.1012 | Insurance $475 |
| Other Expenses.1 | Hogback Trail System $19261 |
| Other Expenses.2 | Public Support $5000 |
| Other Expenses.3 | Website Services $4704 |
| Other Expenses.4 | Supplies $3281 |
| Other Expenses.5 | Meetings $213 |
| Other Expenses.7 | Registration Fees $127 |
| Other Expenses.8 | Dues & Subscriptions $100 |
| Other Expenses.9 | Bank Charges $4 |
| Other Assets.1002 | Furniture and Fixtures - Beginning $13865 Furniture and Fixtures - Ending $13598 |
| Other Assets.1009 | Notes and Loans Receivable - Beginning $53036 Notes and Loans Receivable - Ending $101126 |
| Total Liabilities.1001 | Accounts Payable and Accrued Expenses - Beginning $1325 Accounts Payable and Accrued Expenses - Ending $1609 |
| Total Liabilities.1008 | Unsecured Notes and Loans Payable - Beginning $0 Unsecured Notes and Loans Payable - Ending $85051 |
| Total Liabilities.1 | Payroll Taxes Payable - Beginning $932 Payroll Taxes Payable - Ending $941 |
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