Nonprofit · EIN 20-5780798
RIFLE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · RIFLE, CO 81650
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $185,553 | $215,209 | -$29,656 | $241,710 | $263 | $241,447 |
| December 31, 2024 | 990 | $151,952 | $112,650 | $39,302 | $271,227 | $124 | $271,103 |
| December 31, 2023 | 990-EZ | $157,938 | $104,965 | $52,973 | $257,001 | $25,200 | $231,801 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $187,321
- of which government grants
- $90,261
- Membership dues
- $67,500
- Program service revenue
- $0
- Investment income
- $0
- Net rental income
- -$26,757
- Net income from fundraising events
- $14,127
- Other revenue
- -$1,768
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $16,223
- Salaries, compensation and benefits (total)
- $17,501
- Professional fundraising fees
- $0
- Legal fees
- $2,387
- Accounting fees
- $3,586
- Occupancy
- $5,141
- Depreciation
- $2,503
- Program services (functional)
- $193,688
- Management and general (functional)
- $10,767
- Fundraising (functional)
- $10,754
Balance sheet and other
- Total assets, start of year
- $271,227
- Total assets, end of year
- $241,710
- Total liabilities, end of year
- $263
- Net assets, end of year
- $241,447
- Land, buildings and equipment
- $28,080
- Net assets without donor restrictions
- $216,447
- Net assets with donor restrictions
- $25,000
- Gross unrelated business income
- -$26,757
- Gross receipts
- $258,725
- Employees
- 0
- Year formed
- 2006
- State of legal domicile
- CO
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Larry Stewart | President Trustee or director | 2 | $0 |
| Larry Stewart | Vice President Officer | 2 | $0 |
| Sally Brands | Secretary Officer | 2 | $0 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Langhorne | President Trustee or director | 2 | $0 |
| Larry Stewart | Vice President Officer | 2 | $0 |
| Sally Brands | Secretary Officer | 2 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Michael Langhorne | President | 0 | $0 |
| Larry Stewart | Vice President | 0 | $0 |
| Sally Brands | Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 144 E 3RD ST, RIFLE, CO 81650-2318
- In care of
- % WEISS & ASSOCIATES P C
- Principal officer (990 for 2025)
- Michael Langhorne
- Signed the 990
- Michael Langhorne, President
- Phone
- (970) 625-4202
- Return prepared by
- Troy L Weiss CPA LLC
Mission
Purpose of the Organization is to promote conomic development.
Program accomplishments
- Purpose of the Organization is to promote economic development.Expenses $193,688
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-5780798
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $241,710
- Income (IRS master file)
- $258,725
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $185,553 | $215,209 | $241,710 | XML |
| 990 | December 2024 | $151,952 | $112,650 | $271,227 | XML |
| 990-EZ | December 2023 | $157,938 | $104,965 | $257,001 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5780798).
Questions about RIFLE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of RIFLE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of RIFLE ECONOMIC DEVELOPMENT CORPORATION is 20-5780798.
- Is RIFLE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to RIFLE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does RIFLE ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of RIFLE ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did RIFLE ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of RIFLE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 names Michael Langhorne.
- Who are the officers and directors of RIFLE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does RIFLE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $185,553, expenses of $215,209 and total assets of $241,710 at year end.
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All nonprofits in RIFLE · Colorado · Community improvement and capacity building