Rocky Mountain Institute
- Assets
- $140.7m
- Revenue
- $139.4m
- Investments
- $12.8m
- Employees
- 628
- Location
- Boulder, CO
- Founding
- 12/1982
- Data as of
- 06/2023
- EIN
- 74-2244146
Organization Overview
Rocky Mountain Institute is located in Boulder, CO. The organization was established in 1982. According to its NTEE Classification (C30) the organization is classified as: Natural Resources Conservation & Protection, under the broad grouping of Environment and related organizations. As of 06/2023, Rocky Mountain Institute employed 628 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Mountain Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Rocky Mountain Institute generated $139.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.4% each year . All expenses for the organization totaled $141.2m during the year ending 06/2023. While expenses have increased by 21.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Rocky Mountain Institute has awarded 56 individual grants totaling $10,336,919. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TRANSFORM THE GLOBAL ENERGY SYSTEM TO SECURE A CLEAN, PROSPEROUS, ZERO-CARBON FUTURE FOR ALL.
Describe the Organization's Program Activity:
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jules Kortenhorst CEO (end 11/2022) | OfficerTrustee | 40 | $734,956 |
Jon Creyts Chief Executive Officer | OfficerTrustee | 40 | $470,568 |
Martha Pickett General Counsel And Secretary | OfficerTrustee | 40 | $396,503 |
Kylie Rogers Chief People Officer | Officer | 40 | $357,733 |
Heather Mccreery Chief Financial Officer | Officer | 40 | $354,540 |
Lena Hansen Managing Director Chief Strate | 40 | $341,584 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
M Harris Co Marketing | 6/29/23 | $839,291 |
New Energy Nexus Consulting | 6/29/23 | $750,000 |
System Iq Consulting | 6/29/23 | $1,924,055 |
Rmi Clean Energy Innovations Privat Consulting | 6/29/23 | $2,050,000 |
Topbloc Llc Software Consulting | 6/29/23 | $739,234 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,914,894 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,531,198 |
| Noncash contributions included in lines 1a–1f | $1,475,788 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,446,092 |
| Total Program Service Revenue | $24,790,890 |
| Investment income | $835,842 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,219 |
| Net Rental Income | $23,536 |
| Net Gain/Loss on Asset Sales | $7,968,542 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $139,396,668 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,977,184 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $3,720,132 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $3,683,907 |
| Compensation of current officers, directors, key employees. | $2,504,714 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $75,301,502 |
| Pension plan accruals and contributions | $2,943,066 |
| Other employee benefits | $7,809,369 |
| Payroll taxes | $5,921,354 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $788,484 |
| Fees for services: Accounting | $304,667 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $21,780 |
| Fees for services: Investment Management | $131,562 |
| Fees for services: Other | $18,789,232 |
| Advertising and promotion | $0 |
| Office expenses | $412,300 |
| Information technology | $3,839,773 |
| Royalties | $0 |
| Occupancy | $2,925,395 |
| Travel | $5,893,102 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $334,189 |
| Interest | $285,770 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,088,820 |
| Insurance | $228,627 |
| All other expenses | $883,885 |
| Total functional expenses | $141,157,018 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,703,464 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,057,075 |
| Accounts receivable, net | $13,259,308 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,203,750 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,951,256 |
| Net Land, buildings, and equipment | $14,456,779 |
| Investments—publicly traded securities | $27,827,158 |
| Investments—other securities | $12,755,253 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $25,521,443 |
| Total assets | $140,735,486 |
| Accounts payable and accrued expenses | $13,689,326 |
| Grants payable | $0 |
| Deferred revenue | $2,656,337 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,367,990 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $21,666,411 |
| Total liabilities | $44,380,064 |
| Net assets without donor restrictions | $32,273,805 |
| Net assets with donor restrictions | $64,081,617 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $140,735,486 |
Grants Awarded
Over the last fiscal year, Rocky Mountain Institute has awarded $4,965,957 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
NEW BUILDINGS INSTITUTE PURPOSE: Support Program | $100,000 |
WE MEAN BUSINESS COALITION PURPOSE: Support Program | $100,000 |
COLUMBIA UNIVERSITY PURPOSE: Support Program | $155,000 |
COLORADO SCHOOL OF MINES PURPOSE: Support Program | $50,000 |
THE REGENTS OF THE UNIVERSITY OF CALIFORNIA PURPOSE: Support Program | $44,228 |
RESOURCE LEGACY FUND (CLIMATE MAYORS) PURPOSE: Support Program | $400,000 |