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 06/2021, Rocky Mountain Institute employed 297 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 06/2020, Rocky Mountain Institute generated $61.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $52.6m during the year ending 06/2020. While expenses have increased by 10.2% per year over the past 6 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 17 individual grants totaling $2,345,500. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
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:
Part 3 - Line 4a
STRENGTHENING MARKET FORCES THAT ACCELERATE THE CLEAN ENERGY TRANSITION. CLIMATE INTELLIGENCE (NEW IN FY21): RMI IS CREATING A CLIMATE INTELLIGENCE SYSTEM THAT WILL USE EMISSIONS DATA TO CATALYZE THE DEVELOPMENT OF LOW-EMISSIONS MARKET CHOICES. FOR EXAMPLE, THROUGH THE COALITION ON MATERIALS EMISSIONS TRANSPARENCY (COMET), RMI IS CREATING A UNIVERSAL GREENHOUSE GAS CALCULATION FRAMEWORK THAT CAN BE USED IN ALL INDUSTRIAL SUPPLY CHAINS. GLOBAL CLIMATE FINANCE: RMI'S CENTER FOR CLIMATE-ALIGNED FINANCE IS HELPING FINANCIAL INSTITUTIONS PARTNER WITH THEIR CLIENTS TO DEVELOP PRACTICAL AND SCALABLE SOLUTIONS TO THE BARRIERS TO CLIMATE ALIGNMENT. PARTNERS INCLUDE THE WORLD'S LARGEST AND MOST INFLUENTIAL LENDING INSTITUTIONS. BREAKTHROUGH TECHNOLOGIES (PREVIOUSLY RMI VENTURES AND THE ENERGY COLLABORATIVE). RMI IS UNLOCKING THE RAPID INNOVATION, DEPLOYMENT, AND MARKET ADOPTION OF CRITICAL CLIMATE TECHNOLOGIES AT SCALE. FOR EXAMPLE, WITH THIRD DERIVATIVE, WE HAVE BUILT A COLLABORATIVE ECOSYSTEM THAT INCLUDES $3.6T MARKET CAP OF CORPORATE PARTNERS, $1B AUM OF INVESTOR PARTNERS (ACROSS FIVE CONTINENTS), AND OVER 60 STARTUPS ADDRESSING CLIMATE CHALLENGES ACROSS ALL MAJOR EMISSIONS SECTORS. ENERGY TRANSITION ACADEMY (NEW IN FY21): RMI'S ENERGY TRANSITION ACADEMY IS A GLOBAL PLATFORM FOR ENERGY LEADERS TO ACCESS CURATED INFORMATION, TOOLS, AND COACHING NETWORKS AS WELL AS ENGAGE IN PEER-TO-PEER PROBLEM-SOLVING. CLIMATE FINANCE ACCESS NETWORK (CFAN) (NEW IN FY21) IS SUPPORTING DEVELOPING COUNTRIES IN SECURING AND STRUCTURING FINANCE FOR CLIMATE INVESTMENTS BY CULTIVATING A NETWORK OF HIGHLY TRAINED, EMBEDDED CLIMATE FINANCE ADVISORS.
DRIVING DECARBONIZATION. CARBON-FREE ELECTRICITY (PREVIOUSLY ELECTRICITY): RMI IS BRINGING THE BENEFITS OF CLEAN ENERGY TO ALL BY TRANSFORMING GLOBAL POWER SYSTEMS TO SUPPORT MODERN, LOW-CARBON ECONOMIES. FOR EXAMPLE, OUR TEAM HAS SUCCESSFULLY DEVELOPED FINANCING MODELS TO SUPPORT FOSSIL FUEL RETIREMENT WHILE OFFERING A PATH TOWARD A CLEAN POWER SECTOR. CARBON-FREE BUILDINGS (PREVIOUSLY BUILDINGS): RMI IS ENDING RELIANCE ON FOSSIL FUELS TO POWER AND CONSTRUCT OUR BUILT ENVIRONMENT, BRINGING BUILDINGS TO THE FOREFRONT OF A CLEAN ENERGY FUTURE. FOR EXAMPLE, OUR BUILDING ELECTRIFICATION INITIATIVE HAS ALREADY HELPED MULTIPLE U.S. STATES AND CITIES TO BAN GAS IN NEW BUILDING CONSTRUCTION IN FAVOR OF CLEAN ELECTRIFICATION. CARBON-FREE MOBILITY (PREVIOUSLY MOBILITY): RMI IS ENDING TAILPIPE EMISSIONS TO CREATE CLEANER AIR, SAVE MILLIONS OF LIVES, AND ALIGN THE TRANSPORTATION SECTOR WITH A 1.5C TARGET. CLIMATE ALIGNED INDUSTRIES AND INDUSTRY: RMI IS POSITIONING THE MOST CHALLENGING INDUSTRY SECTORS ON PAR WITH NATION-STATES AS ENGINES OF RAPID DECARBONIZATION AND ACHIEVING CLIMATE-ALIGNMENT. FOR EXAMPLE, WE LAUNCHED THE MISSION POSSIBLE PARTNERSHIP IS AN ALLIANCE OF CLIMATE LEADERS FOCUSED ON SUPERCHARGING DECARBONIZATION ACROSS THE ENTIRE VALUE CHAIN OF THE WORLD'S HIGHEST-EMITTING INDUSTRIES IN THE NEXT 10 YEARS. ALSO, WE ARE HELPING THE SHIPPING AND AVIATION SECTORS GO TO NET ZERO WITH PARTNERSHIPS LIKE THE SUSTAINABLE AVIATION BUYERS ALLIANCE WHICH IS DRIVING INVESTMENT IN SUSTAINABLE AVIATION FUELS.
WORKING ACROSS CRITICAL GLOBAL GEOGRAPHIES. CHINA: RMI IS PROVIDING THE TECHNICAL AND ECONOMIC PATHWAYS FOR CHINA TO PEAK CARBON EMISSIONS BY 2030 AND REACH A ZERO-CARBON ECONOMY BY 2050. INDIA: RMI'S INDIA PROGRAM COLLABORATES WITH GOVERNMENT AND INDUSTRY LEADERS TO CREATE CLEAN, RESILIENT, AND EQUITABLE ENERGY AND MOBILITY SYSTEMS. UNITED STATES (PREVIOUSLY CITIES AND STATES): RMI IS BUILDING ON OUR HISTORY OF INFLUENCING POLICY TO SPEED ACTION THAT SLASHES US EMISSIONS BY 2030, SUPPORTS A SUSTAINABLE ECONOMY, AND GROWS JOBS. GLOBAL SOUTH (PREVIOUSLY ISLANDS, AFRICA, AND SE ASIA): RMI IS ACCELERATING DISTRIBUTED ENERGY RESOURCES AS A CONDUIT FOR CLEAN, AFFORDABLE, AND EQUITABLE POWER. URBAN TRANSFORMATION (PREVIOUSLY CITIES AND STATES): RMI IS WORKING WITH CLIMATE-CRITICAL CITIES AROUND THE WORLD TO SIMULTANEOUSLY REDUCE EMISSIONS, ENHANCE URBAN LIVABILITY, INCREASE RESILIENCE, AND ADVANCE SOCIAL EQUITY.
RMI SUPPORTING PROGRAMS. STRATEGIC ANALYSIS AND ENGAGEMENT (PREVIOUSLY EMERGING SOLUTIONS): RMI IS WORKING WITH GLOBAL PARTNERS TO CREATE A CLEAR, COMPELLING, AND ACTIONABLE VISION, GROUNDED IN REAL ECONOMY INDICATORS, FOR THE PATH TO 1.5C. COMMUNICATIONS: TO CHANGE THE COURSE ON CLIMATE CHANGE, RMI STRATEGICALLY COMMUNICATES TO ITS STAKEHOLDERS, THE MEDIA AND KEY DECISIONMAKERS. RMI LAUNCHED CANARY MEDIA WHICH PROVIDES AMBITIOUS, NONPROFIT JOURNALISM POWERED BY RMI FOR THE CLEAN ENERGY TRANSITION, ECONOMY-WIDE DECARBONIZATION, AND CLIMATE TECH MARKETS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jules Kortenhorst Chief Executive Officer | OfficerTrustee | 40 | $648,787 |
Amory Bloch Lovinssee Sched O Trustee/former Chief Scientist | Trustee | 40 | $601,062 |
Martha Pickett General Counsel-Secretary | OfficerTrustee | 40 | $391,178 |
Jon Creyts Managing Director | Officer | 40 | $370,884 |
Paul Bodnar Thru 042021 Managing Director | 40 | $369,032 | |
James Newcomb Managing Director | 40 | $359,708 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Spherical Analytics Inc Consulting | 6/29/21 | $1,430,618 |
Lovins Associates Llc Consulting | 6/29/21 | $366,466 |
California Clean Energy Fund Consulting | 6/29/21 | $250,000 |
Donovan Energy Llc Consulting | 6/29/21 | $241,699 |
Bross Group Llc It Services | 6/29/21 | $597,822 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $51,847,182 |
Investment income | $52,716 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $2,030 |
Net Rental Income | $39,240 |
Net Gain/Loss on Asset Sales | $418 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $61,864,266 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $300,000 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $6,144,369 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $21,086,393 |
Pension plan accruals and contributions | $842,355 |
Other employee benefits | $2,721,651 |
Payroll taxes | $1,580,408 |
Fees for services: Management | $0 |
Fees for services: Legal | $493,512 |
Fees for services: Accounting | $178,282 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $5,110 |
Fees for services: Other | $10,248,331 |
Advertising and promotion | $387,535 |
Office expenses | $1,332,398 |
Information technology | $1,497,230 |
Royalties | $0 |
Occupancy | $1,650,470 |
Travel | $1,865,034 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $605,541 |
Interest | $303,423 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $828,333 |
Insurance | $176,436 |
All other expenses | $0 |
Total functional expenses | $52,619,733 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $25,946,455 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $9,945,698 |
Accounts receivable, net | $2,621,620 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $737,725 |
Investments—publicly traded securities | $0 |
Investments—other securities | $547,102 |
Investments—program-related | $720,220 |
Intangible assets | $1,828,583 |
Other assets | $1,670,604 |
Total assets | $59,543,794 |
Accounts payable and accrued expenses | $4,971,435 |
Grants payable | $0 |
Deferred revenue | $544,761 |
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 | $9,604,632 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $236,737 |
Total liabilities | $15,357,565 |
Net assets without donor restrictions | $0 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Total liabilities and net assets/fund balances | $44,186,229 |
Over the last fiscal year, Rocky Mountain Institute has awarded $1,445,500 in support to 8 organizations.
Grant Recipient | Amount |
---|---|
GISTEARTH LLC PURPOSE: TO COMPLETE THREE STUDIES INVOLVING CARBON INTELLIGENT CITIES, F-GAS AND LANDFILLS | $815,000 |
Basalt, CO PURPOSE: ASSISTANCE TO HELP CANARY MEDIA BEGIN OPERATIONS | $250,000 |
Washington, DC PURPOSE: SUPPORT THE ACCELERATION OF TRANSPORT DECARBONISATION IN INDIA | $210,000 |
TRANSAERA INC PURPOSE: INCENTIVIZE THE DEVELOPMENT OF A RESIDENTIAL COOLING SOLUTION THAT WILL HAVE AT LEAST FIVE TIMES LOWER CLIMATE IMPACT THAN THE STANDARD ROOM AC UNITS SOLD ON THE MARKET TODAY | $100,000 |
COMMUNITY DEVELOPMENT CORPORATION OF PEMBROKE HOPKINS PARK PURPOSE: ESTABLISH A BENEFICIAL ELECTRIFICATION DEMONSTRATION PROJECT WITH BUILDING DECARBONIZATION IMPROVEMENTS TO BE INSTALLED IN APPROXIMATELY FIVE HOMES IN PEMBROKE TOWNSHIP, ILLINOIS | $55,000 |
Greenbelt, MD PURPOSE: 2020 RAY FELLOWSHIP PROGRAM CONTRIBUTION | $5,500 |
Over the last fiscal year, we have identified 3 grants that Rocky Mountain Institute has recieved totaling $125,100.
Awarding Organization | Amount |
---|---|
Branson Family Foundation Los Altos, CA PURPOSE: GENERAL | $100,000 |
Organization Name not Listed PURPOSE: PROMOTE CLEAN ENERGY | | $25,000 |
Michael P Dowling Foundation Denver, CO PURPOSE: CLEAN ENERGY | $100 |
Beg. Balance | $1,019,498 |
Earnings | $198,602 |
Admin Expense | $14,519 |
Net Contributions | $127 |
Other Expense | $20,879 |
Ending Balance | $1,182,829 |
Organization Name | Assets | Revenue |
---|---|---|
Rocky Mountain Institute Boulder, CO | $59,543,794 | $61,864,266 |
Western Conservation Foundation Denver, CO | $6,156,193 | $13,024,526 |
Environment America Inc Denver, CO | $45,550,735 | $14,481,282 |
Grand Canyon Trust Inc Flagstaff, AZ | $35,143,090 | $9,915,125 |
Badger Creek Corporation Stilwell, KS | $26,149,568 | $5,167,986 |
Housing Resources Of Western Colorado Grand Junction, CO | $12,341,486 | $4,804,755 |
River Network Boulder, CO | $3,721,825 | $4,468,341 |
Compatible Lands Foundation Inc Claremore, OK | $1,764,355 | $3,589,470 |
Summit Land Conservancy Park City, UT | $8,589,642 | $4,445,147 |
Tucson Audubon Society Tucson, AZ | $6,162,054 | $3,148,032 |
Coalitions And Collaboratives Inc Lake George, CO | $744,071 | $2,427,870 |
Platte River Whooping Crane Maintenance Trust Inc Wood River, NE | $12,726,786 | $1,705,315 |