RIFLE ECONOMIC DEVELOPMENT CORPORATION: Form 990EZ, tax year 2014
View the entire original 990 at ProPublica ↗
- Organization
- RIFLE ECONOMIC DEVELOPMENT CORPORATION (EIN 20-5780798)
- Tax period
- 2014-01-01 to 2014-12-31
- Filed
- 2015-08-17
- IRS object ID
- 201502299349200430
- Schema version
- 2014v5.0
- 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 | 2015-08-17T06:48:22-07:00 | ReturnTs |
| Tax Period End | 2014-12-31 | 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 | 2014-01-01 | 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 | Michael Langhorne | PersonNm |
| Person Title | President | PersonTitleTxt |
| Signature | 2015-08-17 | 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 | 2014 | TaxYr |
| Build TS | 2016-03-07 17:11:31Z | 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 | $149,082 | GrossReceiptsAmt |
| Info In Schedule O Part I | Yes (X) | InfoInScheduleOPartIInd |
| Contributions Gifts Grants Etc | $130,325 | ContributionsGiftsGrantsEtcAmt |
| Investment Income | $192 | InvestmentIncomeAmt |
| Cost Or Other Basis Expense Sale | $0 | CostOrOtherBasisExpenseSaleAmt |
| Fundraising Gross Income | $18,565 | FundraisingGrossIncomeAmt |
| Special Events Direct Expenses | $4,008 | SpecialEventsDirectExpensesAmt |
| Special Events Net Income Loss | $14,557 | SpecialEventsNetIncomeLossAmt |
| Cost Of Goods Sold | $0 | CostOfGoodsSoldAmt |
| Total Revenue | $145,074 | TotalRevenueAmt |
| Salaries Other Comp Empl Bnft | $27,481 | SalariesOtherCompEmplBnftAmt |
| Fees And Other Pymt To Ind Cntrct | $48,766 | FeesAndOtherPymtToIndCntrctAmt |
| Occupancy Rent Utlts And Maint | $113,059 | OccupancyRentUtltsAndMaintAmt |
| Printing Publications Postage | $356 | PrintingPublicationsPostageAmt |
| Other Expenses Total | $30,056 | OtherExpensesTotalAmt |
| Total Expenses | $219,718 | TotalExpensesAmt |
| Excess Or Deficit For Year | -$74,644 | ExcessOrDeficitForYearAmt |
| Net Assets Or Fund Balances BOY | $353,407 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $278,763 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part II | Yes (X) | InfoInScheduleOPartIIInd |
Cash Savings And Investments CashSavingsAndInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $353,734 | BOYAmt |
| EOY | $270,360 | EOYAmt |
Land And Buildings LandAndBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $10,000 | EOYAmt |
Other Assets Total Detail OtherAssetsTotalDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $200 | BOYAmt |
| EOY | $15,196 | EOYAmt |
Form990 Total Assets Form990TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $353,934 | BOYAmt |
| EOY | $295,556 | EOYAmt |
Sum Of Total Liabilities SumOfTotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $527 | BOYAmt |
| EOY | $16,793 | EOYAmt |
Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $353,407 | BOYAmt |
| EOY | $278,763 | 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 | $155,351 | GrantsAndAllocationsAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $155,351 | TotalProgramServiceExpensesAmt |
Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (9 entries)
| TitleTitleTxt | Average Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRt | CompensationCompensationAmt |
|---|---|---|
| Mike Johnson | ||
| Director | 40.00 | $0 |
| Annick Pruett | ||
| Secretary | 5.00 | $0 |
| Joy Wentzel | ||
| Treasurer | 5.00 | $0 |
| Michael Langhorne | ||
| President | 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 |
| 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 | $36,577 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $209,209 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $89,695 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $111,376 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $130,325 | CurrentTaxYearAmt |
| Total | $577,182 | 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 | $36,577 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $209,209 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $89,695 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $111,376 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $130,325 | CurrentTaxYearAmt |
| Total | $577,182 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $0 | SubstantialContributorsTotAmt |
| Public Support Total170 | $577,182 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $9,103 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $3,127 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,125 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $369 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $192 | CurrentTaxYearAmt |
| Total | $13,916 | 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 Minus1 Year | $2,725 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,557 | CurrentTaxYearAmt |
| Total | $17,282 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $608,380 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $259,544 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.94870 | PublicSupportCY170Pct |
| 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 | $18,565 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $18,565 | GrossRevenueEvent1Amt |
| Food And Beverage Event1 | $4,008 | FoodAndBeverageEvent1Amt |
| Gross Receipts Total | $18,565 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $18,565 | GrossRevenueTotalEventsAmt |
| Food And Beverage Total Events | $4,008 | FoodAndBeverageTotalEventsAmt |
| Direct Expense Summary Events | $4,008 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $14,557 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (16 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Other Expenses.1001 | Advertising and Promotion $13591 |
| Other Expenses.1002 | Office Expenses $2964 |
| Other Expenses.1003 | Information Technology $7111 |
| Other Expenses.1005 | Travel $1295 |
| Other Expenses.1007 | Conferences, Conventions, and Meetings $1400 |
| Other Expenses.1009 | Depreciation $4 |
| Other Expenses.1012 | Insurance $690 |
| Other Expenses.1 | Supplies $1065 |
| Other Expenses.2 | Meeting Expense $929 |
| Other Expenses.3 | Recruiting $461 |
| Other Expenses.4 | Dues & Subscriptions $335 |
| Other Expenses.6 | Bank Charges $113 |
| Other Expenses.7 | Registration Fees $98 |
| Other Assets.1002 | Furniture and Fixtures - Beginning $200 Furniture and Fixtures - Ending $15196 |
| Total Liabilities.1001 | Accounts Payable and Accrued Expenses - Beginning $275 Accounts Payable and Accrued Expenses - Ending $14507 |
| Total Liabilities.1 | Accrued Payroll Taxes - Beginning $252 Accrued Payroll Taxes - Ending $2286 |
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