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Nonprofiteer
← ROCKY MOUNTAIN INSTITUTE

Form 990 for tax year 2023

Filed by ROCKY MOUNTAIN INSTITUTE.

Totals

Total revenue
$164,733,491
Total expenses
$160,014,972
Contributions and grants received
$124,078,624
Grants paid
$14,675,465
Program service revenue
$29,890,319
Investment income
$838,264
Other revenue
$9,926,284
Total assets, end of year
$149,471,347
Total liabilities, end of year
$45,698,763
Net assets or fund balances, end of year
$103,772,584
Program services expenses (Part IX)
$134,760,574
Management and general expenses
$18,319,752
Fundraising expenses
$6,934,646
Program service expenses (Part III)
$134,760,574

Program services were 84.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $5,300,858

  • 1f · All other contributions, gifts and grants

    $118,777,766

  • 1g · Noncash contributions included above

    $3,433,238

  • 2a · Program service revenue: CONSULTING FEES

    total $20,379,000 · related or exempt $20,379,000

  • 2b · Program service revenue: MEMBERSHIP DUES

    total $3,846,899 · related or exempt $3,846,899

  • 2c · Program service revenue: GOVERNMENT & MULTILATERAL CONSULTING

    total $5,644,184 · related or exempt $5,644,184

  • 2d · Program service revenue: PROGRAM EVENT REVENUE

    total $20,236 · related or exempt $20,236

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $1,623,630 · excluded $1,623,630

  • 5 · Royalties

    total $866 · excluded $866

  • 6a · Gross rents

    real property $21,805

  • 6c · Rental income or loss

    real property $21,805 · personal property $0

  • 6d · Net rental income or loss

    total $21,805 · excluded $21,805

  • 7a · Gross sales of assets other than inventory

    securities $7,854,894

  • 7b · Less cost or other basis and sales expenses

    securities $8,640,260

  • 7c · Gain or loss

    securities -$785,366 · other assets $0

  • 7d · Net gain or loss

    total -$785,366 · excluded -$785,366

  • 11a · Other revenue: EQUITY INVESTMENT DISTRIBUTION

    total $9,769,232 · excluded $9,769,232

  • 11b · Other revenue: OTHER INCOME

    total $134,381 · related or exempt $218 · unrelated business $134,163

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $9,903,613

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $9,843,587 · program services $9,843,587

  • 3 · Grants to foreign organizations and individuals

    total $4,831,878 · program services $4,831,878

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $2,641,548 · program services $247,996 · management and general $1,980,270 · fundraising $413,282

  • 7 · Other salaries and wages

    total $84,217,571 · program services $71,487,050 · management and general $8,479,150 · fundraising $4,251,371

  • 8 · Pension plan contributions

    total $3,440,222 · program services $2,881,585 · management and general $403,910 · fundraising $154,727

  • 9 · Other employee benefits

    total $9,301,996 · program services $7,745,616 · management and general $1,126,678 · fundraising $429,702

  • 10 · Payroll taxes

    total $7,108,298 · program services $5,824,004 · management and general $945,731 · fundraising $338,563

  • 11b · Fees: legal

    total $694,220 · program services $550,895 · management and general $136,630 · fundraising $6,695

  • 11c · Fees: accounting

    total $336,762 · management and general $336,762

  • 11e · Fees: professional fundraising services

    total $94,680 · fundraising $94,680

  • 11f · Fees: investment management

    total $128,510 · management and general $128,510

  • 11g · Fees: other

    total $17,952,446 · program services $15,752,230 · management and general $1,990,673 · fundraising $209,543

  • 13 · Office expenses

    total $396,014 · program services $225,398 · management and general $60,835 · fundraising $109,781

  • 14 · Information technology

    total $4,080,714 · program services $3,266,657 · management and general $578,334 · fundraising $235,723

  • 16 · Occupancy

    total $3,754,236 · program services $3,091,927 · management and general $487,916 · fundraising $174,393

  • 17 · Travel

    total $5,968,491 · program services $4,914,407 · management and general $795,597 · fundraising $258,487

  • 19 · Conferences, conventions and meetings

    total $533,293 · program services $402,315 · management and general $28,298 · fundraising $102,680

  • 20 · Interest

    total $330,371 · management and general $330,371

  • 22 · Depreciation, depletion and amortization

    total $1,098,454 · program services $904,669 · management and general $142,759 · fundraising $51,026

  • 23 · Insurance

    total $265,753 · program services $218,870 · management and general $34,538 · fundraising $12,345

  • 24a · Other expenses: MEMBERSHIPS AND SUBSCRIPTION

    total $1,553,359 · program services $1,365,136 · management and general $148,769 · fundraising $39,454

  • 24b · Other expenses: FOREIGN CURRENCY ADJUSTMENT

    total $300,231 · program services $292,387 · management and general $1,997 · fundraising $5,847

  • 24c · Other expenses: BAD DEBT

    total $102,959 · program services $62,471 · management and general $40,488

  • 24d · Other expenses: TAXES

    total $14,107 · program services $684 · management and general $13,423

  • 24e · All other expenses

    total $1,025,272 · program services $850,812 · management and general $128,113 · fundraising $46,347

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $18,703,464 · end of year $28,523,780

  • 3 · Pledges and grants receivable

    beginning of year $20,057,075 · end of year $25,984,489

  • 4 · Accounts receivable

    beginning of year $13,259,308 · end of year $11,929,081

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $4,203,750 · end of year $2,123,288

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,951,256 · end of year $4,612,182

  • 10a · Land, buildings and equipment: cost or other basis

    $20,915,123

  • 10b · Land, buildings and equipment: accumulated depreciation

    $6,706,090

  • 10c · Land, buildings and equipment, net

    beginning of year $14,456,779 · end of year $14,209,033

  • 11 · Investments: publicly traded securities

    beginning of year $27,827,158 · end of year $25,716,534

  • 12 · Investments: other securities

    beginning of year $12,755,253 · end of year $15,993,953

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $25,521,443 · end of year $20,379,007

  • 17 · Accounts payable and accrued expenses

    beginning of year $13,689,326 · end of year $16,693,930

  • 19 · Deferred revenue

    beginning of year $2,656,337 · end of year $3,089,951

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $6,367,990 · end of year $6,259,800

  • 25 · Other liabilities

    beginning of year $21,666,411 · end of year $19,655,082

  • 27 · Net assets without donor restrictions

    beginning of year $32,273,805 · end of year $36,341,680

  • 28 · Net assets with donor restrictions

    beginning of year $64,081,617 · end of year $67,430,904

Mission and programs · 2023

Mission

We work with businesses, policymakers, and communities to scale energy efficiency and renewable energy solutions, reduce energy waste, and boost access to affordable clean energy.

  • DECARBONIZING KEY SECTORS: - RMI's BUILDINGS PROGRAM DRIVES A CLEAN ENERGY TRANSITION IN THE GLOBAL BUILDINGS SECTOR BY ADOPTING A WHOLE-SYSTEMS APPROACH. WE WORK TO ADVANCE CLEAN TECHNOLOGY IN THE GLOBAL BUILDING SECTOR THAT LOWERS HOUSING COST BURDENS AND IMPROVES HOUSING QUALITY, CREATING A SAFE AND HEALTHY BUILT ENVIRONMENT FOR ALL. - RMI's ELECTRICITY PROGRAM WORKS WITH PARTNERS TO CREATE AND SCALE SOLUTIONS THAT DEPLOY CLEAN ENERGY TECHNOLOGIES WHILE MAINTAINING ENERGY RELIABILITY, EXPANDING ENERGY ACCESS, AND IMPROVING AFFORDABILITY. WE SUPPORT US UTILITIES IN PLANNING, PROVIDE INDEPENDENT ANALYSIS ON CHINA'S USE OF WIND AND SOLAR TO MEET ITS GROWING ELECTRICITY DEMAND, AND TRANSFORM UTILITY BUSINESS MODELS TO SUPPORT CLEAN ENERGY INVESTMENT IN THE GLOBAL SOUTH. - RMI's TRANSPORTATION PROGRAM SPEARHEADS A RAPID AND EQUITABLE TRANSITION TO A CLEAN TRANSPORTATION FUTURE IN INDIA, CHINA, THE UNITED STATES, AND THE GLOBAL SOUTH. GLOBALLY, OUR WORK WILL ACCELERATE THE ELECTRIFICATION OF TWO- AND THREE-WHEELERS, TRUCKS, AND FACILITATE INVESTMENT IN EV INFRASTRUCTURE FOR ALL. - CLIMATE-ALIGNED INDUSTRIES ENGAGES WITH THE PUBLIC AND PRIVATE SECTORS TO KICK- START FIRST-OF-A-KIND INDUSTRIAL PROJECTS THAT ACCELERATE THE DEPLOYMENT OF CLEAN ENERGY WORLDWIDE FOR HEAVY INDUSTRY. WITH PARTNERS, WE LEVERAGE "HUBS" TO COMPLETE FIRST-MOVER COMMERCIAL SCALE PROJECTS, ENCOURAGE THE BUILD-OUT OF GREEN HYDROGEN, AND ACCELERATE CARBON DIOXIDE REMOVAL PROJECTS.

    Expenses $51,471,713 · Grants $2,548,321 · Revenue $20,442,130

  • SCALING SOLUTIONS AROUND THE WORLD: - RMI CHINA ACCELERATES DECARBONIZATION OF THE COUNTRY'S BIGGEST CARBON-PRODUCING SECTORS, OFFERING IN-DEPTH, INDEPENDENT TECHNICAL EXPERTISE AND SOLUTION-BASED IMPLEMENTATION STRATEGIES TO HELP CHINA REACH CLEAN ENERGY AND EMISSIONS REDUCTION TARGETS. - THE GLOBAL SOUTH PROGRAM WORKS ON THE GROUND TO ACCELERATE THE ENERGY TRANSITION, HELPING EMPOWER, CONNECT, AND ELEVATE VOICES IN AFRICA, SOUTHEAST ASIA, THE CARIBBEAN, AND BEYOND TO DEVELOP THE LABOR AND SKILLS NEEDED TO BE PART AND BENEFIT FROM THE ENERGY TRANSITION. - RMI INDIA SUPPORTS THE TRANSFORMATION OF INDIA'S ECONOMY FOR A CLEAN, THRIVING, AND INCLUSIVE ENERGY FUTURE, ALIGNED WITH THE COUNTRY'S BOLD AMBITION TO ACHIEVE A NET-ZERO ECONOMY BY 2070. - THE US PROGRAM RAISES THE AMBITION AND IMPACT OF US FEDERAL AND STATE CLIMATE POLICY, HELPING CREATE TANGIBLE EXAMPLES TO SHOW THAT MEASURES TO BOOST RENEWABLE ENERGY AND REDUCE ENERGY WASTE ARE NOT ONLY POSSIBLE BUT ARE ECONOMICALLY AND SOCIALLY ADVANTAGEOUS. - URBAN TRANSFORMATION HELPS CITIES IMPLEMENT AND ACT ON THEIR CLIMATE PLANS TO REDUCE EMISSIONS, ENHANCE LIVABILITY AND INCREASE RESILIENCE FOR ALL. - ENERGY TRANSITION "SUPER TEAM" BRINGS TOGETHER EXPERTS FROM ACROSS THE INSTITUTE TO DEVELOP INNOVATIVE AND INCLUSIVE FINANCIAL APPROACHES TO THE TRANSITION TO CLEAN ENERGY. THESE APPROACHES CAN MOBILIZE CAPITAL AND ALIGN STAKEHOLDERS FOR A FASTER ENERGY TRANSITION.

    Expenses $37,159,980 · Grants $3,517,038 · Revenue $4,714,796

  • APPLYING POWERFUL MARKET CATALYSTS: - THE CLIMATE FINANCE ACCESS NETWORK HELPS DEVELOPING COUNTRIES SECURE AND STRUCTURE FINANCE FOR CLIMATE INVESTMENTS, WITH A FOCUS ON SMALL ISLAND DEVELOPING STATES (SIDS) AND LEAST DEVELOPED COUNTRIES (LDCS) IN AFRICA, THE PACIFIC ISLANDS, AND THE CARIBBEAN. - CLIMATE INTELLIGENCE MAKES EMISSIONS VISIBLE - IMPROVING ACCESS TO TIMELY, TRUSTWORTHY DATA THAT CAN HELP DRIVE CLIMATE-ALIGNED DECISIONS AND TRANSACTIONS GLOBALLY. - CLIMATE-ALIGNED FINANCE PARTNERS WITH THE FINANCE COMMUNITY TO BUILD THE INFRASTRUCTURE AND SOLUTIONS NECESSARY TO ALIGN THE GLOBAL FINANCE SECTOR'S ACTIONS WITH EQUITABLE, CONCRETE CARBON REDUCTION GOALS. WE SUPPORT EMERGING ECONOMIES AND DEVELOPING COUNTRIES TO BREAK DOWN ROADBLOCKS TO CLIMATE FINANCE, AND PROVIDE ANALYSIS TO MAXIMIZE US INVESTMENTS IN THE ENERGY TRANSITION. - THE ENERGY TRANSITION ACADEMY IS A LEADERSHIP, CAPACITY, AND WORKFORCE DEVELOPMENT PLATFORM FOR ENERGY LEADERS AROUND THE WORLD. IT OFFERS TOOLS AND SERVICES TO ADVANCE PROJECTS, PROGRAMS, AND POLICIES THAT WILL EMPOWER COMMUNITIES ACROSS THE GLOBAL SOUTH TO BOOST THEIR RESILIENCE TO CLIMATE HAZARDS AND SEIZE CLEAN ENERGY OPPORTUNITIES. - STRATEGY TEAM (FORMERLY PORTFOLIO IMPACT ACCELERATOR AND STRATEGIC ANALYSIS AND ENGAGEMENT) MAXIMIZES RMI'S IMPACT BY PROVIDING PORTFOLIO-LEVEL STRATEGIC INSIGHTS AND INTELLIGENCE, BOTH INTERNALLY AND EXTERNALLY, SUPPORTING STRATEGIC ENGAGEMENT WITH CRITICAL STAKEHOLDERS, DRIVING OUR ORGANIZATIONAL STRATEGY PLANNING PROCESS, AND SUPPORTING STRATEGY COUNCIL DECISION MAKING. - THIRD DERIVATIVE GUIDES AND SUPPORTS THE CLIMATE TECH ENTREPRENEURS WHO ARE DEVELOPING AND INNOVATING CUTTING-EDGE CLEAN TECH SOLUTIONS, CONNECTING THEM WITH A VAST AND DIVERSE NETWORK OF EXPERTS, CORPORATE PARTNERS, AND INVESTORS TO HELP THESE STARTUPS GO TO MARKET FASTER AND ADVANCE CLIMATE TECH INNOVATION.

    Expenses $33,153,047 · Grants $2,368,491 · Revenue $3,301,932

  • OTHER RMI INITIATIVES - INFLUENCE TEAM: AS AN AUDIENCE-FIRST, MULTI-CHANNEL STORYTELLING FORCE, RMI STRATEGICALLY COMMUNICATES TO ITS STAKEHOLDERS, THE MEDIA, AND KEY DECISION-MAKERS TO SHARE OUR TECHNICAL EXPERTISE AND INSPIRE THEM TO ACT ON SOLUTIONS. THROUGH PARTNERSHIPS, STRATEGIC COMMUNICATIONS, AND MULTI-CHANNEL STORYTELLING WE INFLUENCE GLOBAL LEADERS TO ADOPT AND SPREAD THE MESSAGE OF THE ACCELERATING ENERGY TRANSITION. - ZETRO ENERGY IS A UNIQUE SOFTWARE TOOL THAT HELPS SCALE AND DISSEMINATE ZERO- CARBON BUILDING PRACTICES, TECHNOLOGIES, BUSINESS MODELS, AND FINANCE REQUIREMENTS.

    Expenses $12,975,834 · Grants $6,241,615 · Revenue $1,431,679

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Edward White

    BOARD CHAIR (END 12/23)

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Jon Creyts

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $601,651
    From this org
    $549,360
    From related orgs
    $0
    Other
    $52,291
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $427,255
    Bonus
    $122,105
    Other
    $0
    Deferred
    $16,500
    Nontaxable benefits
    $35,791
    Filer's total
    $601,651

  • Martha C Pickett

    General Counsel & Co-Chair

    Total calculated
    $468,927
    From this org
    $427,426
    From related orgs
    $0
    Other
    $41,501
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $327,426
    Bonus
    $100,000
    Other
    $0
    Deferred
    $16,472
    Nontaxable benefits
    $25,029
    Filer's total
    $468,927

  • Sumant Sinha

    BOARD CHAIR (BEGIN 01/24)

    Total calculated
    $0
    Hours/week
    1

  • Amory Bloch Lovins

    TRUSTEE / CONTRACTOR

    Total calculated
    $85,149
    From this org
    $85,149
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • Anjali Bansal

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Audrey Zibelman

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bryan J Hannegan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Catherine Coleman Flowers

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dennis V McGinn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Dr Wei Ding

    TRUSTEE (END 12/23)

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Ann Sall

    TRUSTEE (END 12/23)

    Total calculated
    $0
    Hours/week
    1

  • Enki Tan

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Polk

    TRUSTEE (END 12/23)

    Total calculated
    $0
    Hours/week
    1

  • Jessica Uhl

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kandeh Yumkella

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ma Jun

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Martha Brooks

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Steve Denning

    TRUSTEE (END 1/24)

    Total calculated
    $0
    Hours/week
    1

  • Todd Stern

    TRUSTEE (END 12/23)

    Total calculated
    $0
    Hours/week
    1

  • Heather McCreery

    CHIEF FINANCIAL OFFICER

    Total calculated
    $424,955
    From this org
    $375,677
    From related orgs
    $0
    Other
    $49,278
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $302,252
    Bonus
    $73,425
    Other
    $0
    Deferred
    $15,358
    Nontaxable benefits
    $33,920
    Filer's total
    $424,955

  • Heidi Johnson

    ASSISTANT SECRETARY

    Total calculated
    $121,336
    From this org
    $91,691
    From related orgs
    $0
    Other
    $29,645
    Hours/week
    40

  • Jennifer Stokes

    CHIEF DEVELOPMENT OFFICER

    Total calculated
    $401,650
    From this org
    $366,224
    From related orgs
    $0
    Other
    $35,426
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,224
    Bonus
    $70,000
    Other
    $0
    Deferred
    $12,711
    Nontaxable benefits
    $22,715
    Filer's total
    $401,650

  • Kylie Rogers

    CHIEF PEOPLE OFFICER

    Total calculated
    $419,953
    From this org
    $366,454
    From related orgs
    $0
    Other
    $53,499
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $293,579
    Bonus
    $72,875
    Other
    $0
    Deferred
    $15,304
    Nontaxable benefits
    $38,195
    Filer's total
    $419,953

  • Bryan Fisher

    MANAGING DIRECTOR

    Total calculated
    $418,464
    From this org
    $370,586
    From related orgs
    $0
    Other
    $47,878
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $298,398
    Bonus
    $72,188
    Other
    $0
    Deferred
    $15,160
    Nontaxable benefits
    $32,718
    Filer's total
    $418,464

  • Josh Henretig

    MANAGING DIRECTOR

    Total calculated
    $416,640
    From this org
    $368,826
    From related orgs
    $0
    Other
    $47,814
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $296,638
    Bonus
    $72,188
    Other
    $0
    Deferred
    $15,099
    Nontaxable benefits
    $32,715
    Filer's total
    $416,640

  • Leia Guccione

    MANAGING DIRECTOR

    Total calculated
    $390,165
    From this org
    $373,414
    From related orgs
    $0
    Other
    $16,751
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $303,414
    Bonus
    $70,000
    Other
    $0
    Deferred
    $15,050
    Nontaxable benefits
    $1,701
    Filer's total
    $390,165

  • Lena Hansen

    CHIEF STRATEGY OFFICER

    Total calculated
    $407,292
    From this org
    $374,601
    From related orgs
    $0
    Other
    $32,691
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $302,276
    Bonus
    $72,325
    Other
    $0
    Deferred
    $11,397
    Nontaxable benefits
    $21,294
    Filer's total
    $407,292

  • Rushad Nanvatty

    MANAGING DIRECTOR

    Total calculated
    $402,323
    From this org
    $386,250
    From related orgs
    $0
    Other
    $16,073
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,656
    Bonus
    $93,594
    Other
    $0
    Deferred
    $14,501
    Nontaxable benefits
    $1,572
    Filer's total
    $402,323

  • Jules Kortenhorst

    CEO (END 1/2023)

    Total calculated
    $283,951
    From this org
    $282,318
    From related orgs
    $0
    Other
    $1,633
    Hours/week
    40 + 1 related

    Schedule J breakdown matched by us

    Base
    $32,318
    Bonus
    $250,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,633
    Filer's total
    $283,951

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Payments for business use of a personal residence
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 1a First-class or charter travel
DESCRIPTION OF FIRST-CLASS TRAVEL: AT CFO OR MANAGING DIRECTOR'S DISCRETION, AND IF APPLICABLE FUNDING ALLOWS, OFFICERS AND SOME HIGH-LEVEL EMPLOYEES WHO TRAVEL FREQUENTLY MAY BE REIMBURSED FOR BUSINESS CLASS TRAVEL. IN THE TAX YEAR, IF BUSINESS CLASS TRAVEL WAS NOT AVAILABLE, FIRST-CLASS TRAVEL WAS REIMBURSED.
Schedule J, Part I, Line 1a Travel for companions
ONE DIRECTOR AND ONE HIGHLY COMPENSATED EMPLOYEE WERE REIMBURSED FOR TRAVEL COMPANIONS WITHIN THE TAX YEAR. THE REIMBURSEMENT FOR THE DIRECTOR WAS INCLUDED IN REPORTABLE COMPENSATION WITHIN THE 1099.
Schedule J, Part I, Line 1a Payments for business use of personal residence
BUSINESS USE OF PERSONAL RESIDENCE: AMORY BLOCH LOVINS RENTS APPROXIMATELY 124 SQ FT OF HIS PERSONAL RESIDENCE FOR RMI TO HOST TOURS, MEETINGS AND OTHER EVENTS AS NEEDED. THE LEASE ENDS JUNE 4TH, 2024. THE RENT IS $123 PER MONTH.
Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
SUPPLEMENTAL NONQUALIFIED PLAN: ROCKY MOUNTAIN INSTITUTE ESTABLISHED A 457(F) DEFERRED COMPENSATION PLAN IN OCTOBER 2022 THAT ALLOWS RMI TO CONTRIBUTE MONEY FOR CERTAIN EXECUTIVES ON A PRE-TAX BASIS INTO INVESTMENTS AND TO ACCUMULATE TAX-DEFERRED EARNINGS. THE CONTRIBUTIONS FULLY VEST ON OCTOBER 1, 2025, AT WHICH POINT RMI WILL BE OBLIGATED TO PAY OUT WITHIN 60 DAYS TO ALL PARTICIPANTS WHO REMAIN EMPLOYED AT RMI.
Schedule J, Part I, Line 7 Non-fixed payments
DESCRIPTION OF NON-FIXED PAYMENT: THE EMPLOYEES WERE PAID A PERFORMANCE BONUS AT THE DISCRETION OF MANAGEMENT.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • CANARY MEDIA

    501(c)(3) · Further Global Mission · DE · controlled entity

    Directly controlled by ROCKY MOUNTAIN INSTITUTE

  • ROCKY MOUNTAIN INSTITUTE INTERNATIONAL

    501(c)(3) · Supporting organization · CO · controlled entity

    Directly controlled by ROCKY MOUNTAIN INSTITUTE

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • RMI INNOVATION CENTER LLC

    Ownership of Innovation Center in Basalt, CO · CO · income $11,267 · assets $12,693,930

    Directly controlled by N

  • RMI INNOVATIONS LLC

    FURTHER MISSION · CO · income $0 · assets $0

    Directly controlled by N

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • D3 COHORT 415 LLC

    N/A · INVESTMENT FUNDS · CO

    Directly controlled by SURGE PROTECTOR INC

  • JOLTSEED419 LLC

    N/A · INVESTMENT FUNDS · CO

    Directly controlled by SURGE PROTECTOR INC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SURGE PROTECTOR INC

    C Corporation · HOLDING COMPANY · DE · 100% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by ROCKY MOUNTAIN INSTITUTE

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2025
IRS schema version
2023v6.0
Source object
202501349349310640

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.