RIFLE ECONOMIC DEVELOPMENT CORPORATION: Form 990EZ, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- RIFLE ECONOMIC DEVELOPMENT CORPORATION (EIN 20-5780798)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-06-18
- IRS object ID
- 202031709349200413
- Schema version
- 2019v5.0
- 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 | 2020-06-18T06:58:19-07:00 | ReturnTs |
| Tax Period End | 2019-12-31 | 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 | 816502252 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990EZ | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | 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 | 2020-04-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Edward E Weiss CPA | PreparerPersonNm |
| PTIN | P00411953 | PTIN |
| Phone | 9706252262 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2020-09-22 18:59:49Z | 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 | $136,851 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $135,566 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $754 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $0 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $0 | SpecialEventsDirectExpensesAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Other Revenue Total | $531 | OtherRevenueTotalAmt |
| Total Revenue | $136,851 | TotalRevenueAmt |
| Salaries Other Comp Empl Bnft | $27,680 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $52,712 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $71,291 | OccupancyRentUtltsAndMaintAmt |
| Printing Publications Postage | $166 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $45,756 | OtherExpensesTotalAmt |
| Total Expenses | $197,605 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$60,754 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $203,826 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $143,072 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $125,061 | BOYAmt |
| EOY | $68,428 | 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 | $69,764 | BOYAmt |
| EOY | $66,901 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $204,825 | BOYAmt |
| EOY | $145,329 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $999 | BOYAmt |
| EOY | $2,257 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $203,826 | BOYAmt |
| EOY | $143,072 | 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 | $167,966 | GrantsAndAllocationsAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $167,966 | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Katherine Potter-Mackley | PersonNm |
| Title | Executive Director | TitleTxt |
| Average Hours Per Week | 30.00 | AverageHoursPerWeekRt |
| Compensation | $25,712 | 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 | $122,900 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $117,100 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $172,337 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $149,785 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $135,566 | CurrentTaxYearAmt |
| Total | $697,688 | 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 | $122,900 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $117,100 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $172,337 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $149,785 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $135,566 | CurrentTaxYearAmt |
| Total | $697,688 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $697,688 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $583 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $502 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $332 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $461 | CurrentTaxYearMinus1YearAmt |
| Total | $1,878 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $79,095 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $46,604 | CurrentTaxYearMinus3YearsAmt |
| Total | $125,699 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $825,265 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $715,495 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.84540 | PublicSupportCY170Pct |
| Public Support PY170 | 0.82950 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (18 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other Revenue.1 | Other $531 |
| Other Expenses.1001 | Advertising and Promotion $24561 |
| Other Expenses.1003 | Information Technology $4462 |
| Other Expenses.1008 | Interest $9 |
| Other Expenses.1009 | Depreciation $267 |
| Other Expenses.1012 | Insurance $274 |
| Other Expenses.1 | Meetings $4036 |
| Other Expenses.2 | Website Services $3889 |
| Other Expenses.3 | Public Support $3839 |
| Other Expenses.4 | Supplies $1826 |
| Other Expenses.5 | Dues & Subscriptions $1150 |
| Other Expenses.6 | Telephone $1030 |
| Other Expenses.7 | Bank Charges $211 |
| Other Expenses.8 | Registration Fees $202 |
| Other Assets.1002 | Furniture and Fixtures - Beginning $14132 Furniture and Fixtures - Ending $13865 |
| Other Assets.1009 | Notes and Loans Receivable - Beginning $55632 Notes and Loans Receivable - Ending $53036 |
| Total Liabilities.1001 | Accounts Payable and Accrued Expenses - Beginning $560 Accounts Payable and Accrued Expenses - Ending $1325 |
| Total Liabilities.1 | Payroll Taxes Payable - Beginning $439 Payroll Taxes Payable - Ending $932 |
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