RIFLE ECONOMIC DEVELOPMENT CORPORATION: Form 990EZ, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- RIFLE ECONOMIC DEVELOPMENT CORPORATION (EIN 20-5780798)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-02-09
- IRS object ID
- 201700409349200730
- Schema version
- 2016v3.0
- 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 | 2017-02-09T13:07:59-08:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
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 | 2016-01-01 | 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 | 2017-01-24 | 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 | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | 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 | $179,038 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $163,704 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $502 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $14,832 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $0 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | $14,832 | SpecialEventsNetIncomeLossAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Total Revenue | $179,038 | TotalRevenueAmt |
| Salaries Other Comp Empl Bnft | $33,035 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $24,243 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $137,860 | OccupancyRentUtltsAndMaintAmt |
| Printing Publications Postage | $252 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $33,819 | OtherExpensesTotalAmt |
| Total Expenses | $229,209 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$50,171 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $227,148 | NetAssetsOrFundBalancesBOYAmt |
| Other Changes In Net Assets | -$488 | OtherChangesInNetAssetsAmt |
| Net Assets Or Fund Balances EOY | $176,489 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $180,980 | BOYAmt |
| EOY | $140,387 | 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 | $51,368 | BOYAmt |
| EOY | $27,982 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $242,348 | BOYAmt |
| EOY | $178,369 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,200 | BOYAmt |
| EOY | $1,880 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,148 | BOYAmt |
| EOY | $176,489 | 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 | $158,837 | GrantsAndAllocationsAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $158,837 | 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 |
| Joy Wentzel | ||
| Treasurer | 5.00 | $0 |
| Michael Langhorne | ||
| Board Member | 5.00 | $0 |
| Rachel Pohkrant | ||
| Director | 5.00 | $0 |
| Sally Brands | ||
| Secretary | 5.00 | $0 |
| Aron Diaz | ||
| Director | 5.00 | $0 |
| Stuart McArthur | ||
| Director | 5.00 | $0 |
| Kimberly Bullen | ||
| Director | 5.00 | $0 |
| Melvin Kent | ||
| Executive Dir. | 40.00 | $0 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| Activities Not Previously Rpt | false | ActivitiesNotPreviouslyRptInd |
| Chg Made To Orgnzng Doc Not Rpt | false | ChgMadeToOrgnzngDocNotRptInd |
| Organization Had UBI | false | OrganizationHadUBIInd |
| Organization Filed990 T | false | OrganizationFiled990TInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Organization Dissolved Etc | false | OrganizationDissolvedEtcInd |
| Form1120 Pol Filed | false | Form1120PolFiledInd |
| Made Loans To From Officers | false | MadeLoansToFromOfficersInd |
| Initiation Fees And Cap Contri | $0 | InitiationFeesAndCapContriAmt |
| Gross Receipts For Public Use | $0 | GrossReceiptsForPublicUseAmt |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| 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 |
| Form720 Filed | false | Form720FiledInd |
| 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 |
| Related Org Sect527 Org | false | RelatedOrgSect527OrgInd |
| Part VI Of Comp Of Hghst Pd Empl | NONE | PartVIOfCompOfHghstPdEmplTxt |
| 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 | $89,695 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $111,376 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $130,325 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $122,900 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $117,100 | CurrentTaxYearAmt |
| Total | $571,396 | 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 | $89,695 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $111,376 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $130,325 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $122,900 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $117,100 | CurrentTaxYearAmt |
| Total | $571,396 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $571,396 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $1,125 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $369 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $192 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $583 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $502 | CurrentTaxYearAmt |
| Total | $2,771 | 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 Minus3 Years | $2,725 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $14,557 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $79,095 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $46,604 | CurrentTaxYearAmt |
| Total | $142,981 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $717,148 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $652,124 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.79680 | PublicSupportCY170Pct |
| Public Support PY170 | 0.86700 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (16 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other Expenses.1001 | Advertising and Promotion $16965 |
| Other Expenses.1003 | Information Technology $2598 |
| Other Expenses.1005 | Travel $201 |
| Other Expenses.1006 | Payments of Travel or Entertainment for Public Officials $2146 |
| Other Expenses.1009 | Depreciation $267 |
| Other Expenses.1012 | Insurance $475 |
| Other Expenses.1 | Bad Debt $9023 |
| Other Expenses.2 | Telephone $1778 |
| Other Expenses.4 | Supplies $190 |
| Other Expenses.5 | Dues & Subscriptions $175 |
| Other Expenses.7 | Other $1 |
| Other Assets.1002 | Furniture and Fixtures - Beginning $14933 Furniture and Fixtures - Ending $14666 |
| Other Assets.1009 | Notes and Loans Receivable - Beginning $36435 Notes and Loans Receivable - Ending $13316 |
| Total Liabilities.1001 | Accounts Payable and Accrued Expenses - Beginning $2995 Accounts Payable and Accrued Expenses - Ending $1880 |
| Total Liabilities.1007 | Secured Mortgages and Notes Payable - Beginning $10000 Secured Mortgages and Notes Payable - Ending $0 |
| Total Liabilities.1 | Accrued Payroll Taxes - Beginning $2205 Accrued Payroll Taxes - Ending $0 |
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