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← ROCKY MOUNTAIN COLLEGE

Form 990 for tax year 2023

Filed by ROCKY MOUNTAIN COLLEGE.

Totals

Total revenue
$49,861,937
Total expenses
$47,574,315
Contributions and grants received
$4,143,901
Grants paid
$17,661,201
Program service revenue
$41,036,836
Investment income
$4,332,729
Other revenue
$348,471
Total assets, end of year
$87,743,441
Total liabilities, end of year
$14,226,073
Net assets or fund balances, end of year
$73,517,368
Program services expenses (Part IX)
$42,699,518
Management and general expenses
$4,732,370
Fundraising expenses
$142,427
Program service expenses (Part III)
$42,699,518

Program services were 89.8% 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.

  • 1c · Fundraising events

    $433,261

  • 1e · Government grants (contributions)

    $2,247,993

  • 1f · All other contributions, gifts and grants

    $1,462,647

  • 1g · Noncash contributions included above

    $224,839

  • 2a · Program service revenue: TUITION AND FEES

    total $36,726,766 · related or exempt $36,726,766

  • 2b · Program service revenue: RESIDENCE HALLS

    total $2,113,913 · related or exempt $2,113,913

  • 2c · Program service revenue: CAFETERIA/DINING

    total $1,308,647 · related or exempt $1,308,647

  • 2d · Program service revenue: OTHER

    total $471,967 · related or exempt $471,967

  • 2e · Program service revenue: COMMUNITY SERVICES

    total $209,447 · related or exempt $209,447

  • 2f · All other program service revenue

    total $206,096 · related or exempt $206,096

  • 3 · Investment income

    total $1,208,327 · excluded $1,208,327

  • 5 · Royalties

    total $4,519 · excluded $4,519

  • 6a · Gross rents

    real property $19,510

  • 6b · Less rental expenses

    real property $7,562

  • 6c · Rental income or loss

    real property $11,948

  • 6d · Net rental income or loss

    total $11,948 · excluded $11,948

  • 7a · Gross sales of assets other than inventory

    securities $14,885,078

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

    securities $11,760,676

  • 7c · Gain or loss

    securities $3,124,402

  • 7d · Net gain or loss

    total $3,124,402 · excluded $3,124,402

  • 8a · Fundraising events: gross income

    $66,586

  • 8a · Fundraising events: contributions included on line 1c

    $433,261

  • 8b · Fundraising events: direct expenses

    $124,468

  • 8c · Net income from fundraising events

    total -$57,882 · excluded -$57,882

  • 9a · Gaming: gross income

    $7,012

  • 9b · Gaming: direct expenses

    $4,200

  • 9c · Net income from gaming

    total $2,812 · excluded $2,812

  • 11a · Other revenue: CAMPS

    total $244,005 · unrelated business $244,005

  • 11b · Other revenue: HEALTH CLUB

    total $142,497 · unrelated business $142,497

  • 11c · Other revenue: MISCELLANEOUS

    total $530 · unrelated business $530

  • 11d · All other revenue

    total $42 · unrelated business $42

  • 11e · Other revenue, total

    $387,074

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $17,661,201 · program services $17,661,201

  • 5 · Compensation of officers, directors and key employees

    total $1,001,278 · program services $444,573 · management and general $521,947 · fundraising $34,758

  • 7 · Other salaries and wages

    total $11,727,040 · program services $11,031,272 · management and general $675,621 · fundraising $20,147

  • 8 · Pension plan contributions

    total $415,681 · program services $375,091 · management and general $40,590

  • 9 · Other employee benefits

    total $2,165,845 · program services $1,108,436 · management and general $1,050,196 · fundraising $7,213

  • 10 · Payroll taxes

    total $904,631 · program services $826,330 · management and general $74,053 · fundraising $4,248

  • 11b · Fees: legal

    total $37,865 · management and general $37,865

  • 11c · Fees: accounting

    total $58,804 · management and general $58,804

  • 11f · Fees: investment management

    total $264,676 · management and general $264,676

  • 11g · Fees: other

    total $1,406,940 · program services $1,230,898 · management and general $178,545 · fundraising -$2,503

  • 12 · Advertising and promotion

    total $422,873 · program services $412,619 · management and general $10,219 · fundraising $35

  • 13 · Office expenses

    total $3,043,884 · program services $2,953,771 · management and general $63,923 · fundraising $26,190

  • 14 · Information technology

    total $653,810 · program services $358,159 · management and general $262,379 · fundraising $33,272

  • 16 · Occupancy

    total $1,785,742 · program services $1,598,448 · management and general $185,302 · fundraising $1,992

  • 17 · Travel

    total $2,032,304 · program services $1,987,740 · management and general $36,515 · fundraising $8,049

  • 19 · Conferences, conventions and meetings

    total $62,502 · program services $46,598 · management and general $15,904

  • 20 · Interest

    total $421,489 · program services $133,600 · management and general $287,889

  • 22 · Depreciation, depletion and amortization

    total $2,198,990 · program services $2,198,990

  • 23 · Insurance

    total $743,964 · program services $254,009 · management and general $489,955

  • 24a · Other expenses: MEMBERSHIP FEES

    total $288,602 · program services $241,010 · management and general $47,592

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $159,625 · management and general $159,625

  • 24c · Other expenses: OTHER EXPENSES

    total $116,569 · program services $86,502 · management and general $21,041 · fundraising $9,026

  • 24d · Other expenses: INDIRECT COSTS ALLOCATI

    total $0 · program services -$249,729 · management and general $249,729

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,487,648 · end of year $5,843,182

  • 4 · Accounts receivable

    beginning of year $606,443 · end of year $891,612

  • 7 · Other notes and loans receivable

    beginning of year $141,717 · end of year $81,712

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,878,956 · end of year $2,682,156

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

    $69,870,230

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

    $42,819,292

  • 10c · Land, buildings and equipment, net

    beginning of year $27,943,915 · end of year $27,050,938

  • 11 · Investments: publicly traded securities

    beginning of year $40,607,388 · end of year $44,461,748

  • 15 · Other assets

    beginning of year $6,353,411 · end of year $6,732,093

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,489,308 · end of year $1,666,307

  • 19 · Deferred revenue

    beginning of year $1,228,185 · end of year $1,286,599

  • 23 · Secured mortgages and notes payable

    beginning of year $11,095,238 · end of year $10,115,267

  • 25 · Other liabilities

    beginning of year $916,027 · end of year $1,157,900

  • 27 · Net assets without donor restrictions

    beginning of year $25,072,679 · end of year $25,987,376

  • 28 · Net assets with donor restrictions

    beginning of year $44,218,041 · end of year $47,529,992

Mission and programs · 2023

Mission

ROCKY MOUNTAIN COLLEGE EDUCATES FUTURE LEADERS THROUGH LIBERAL ARTS AND PROFESSIONAL PROGRAMS THAT CULTIVATE CRITICAL THINKING, CREATIVE EXPRESSION, ETHICAL DECISION MAKING, INFORMED CITIZENSHIP, AND PROFESSIONAL EXCELLENCE.

  • INSTRUCTION - HIGHER EDUCATION PROGRAM LEADING TO A BACCALAUREATE DEGREE OR MASTERS DEGREE IN PROFESSIONAL STUDIES OR LIBERAL ARTS. ROCKY MOUNTAIN COLLEGE SERVES 850 TO 1,100 STUDENTS PER SEMESTER.

    Expenses $29,006,962 · Grants $17,661,201 · Revenue $36,726,340

  • STUDENT SERVICES - DEAN OF STUDENTS ADMINISTRATION, STUDENT ACTIVITIES, PUBLICATIONS, CAREER COUNSELING, FINANCIAL AID, REGISTRAR, ADMISSIONS, STUDENT RECORDS (REGISTRAR), ETC.

    Expenses $7,496,006

  • AUXILIARY SERVICES - STUDENT RESIDENCE HALLS, DINING, BOOKSTORE, SUMMER CAMPS, CONFERENCES, ATHLETICS.

    Expenses $3,690,334 · Revenue $4,310,496

  • ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, STUDENT ADVISING, ACADEMIC COMPUTING, ETC.

    Expenses $2,506,216

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

Listed in Part VII

  • Bill Lamdin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Corey Jensen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dena Johnson

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Greg Wing

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jennifer Owen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Stewart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kelly Coleman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lynette Scott

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Megan Kongaika

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rich St John

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Sam Beaves-Fisher

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Steve Loveless

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tim Brocopp

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Toby O'Rourke

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Anthony Piltz

    PROFESSOR, ACCOUNTING/PROV

    Total calculated
    $185,277
    From this org
    $170,979
    From related orgs
    $0
    Other
    $14,298
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $170,979
    Bonus
    $0
    Other
    $0
    Deferred
    $8,767
    Nontaxable benefits
    $5,531
    Filer's total
    $185,277

  • Austin Mapston

    VICE PRESIDENT FOR ENROLLM

    Total calculated
    $138,955
    From this org
    $126,661
    From related orgs
    $0
    Other
    $12,294
    Hours/week
    40

  • Brad Nason

    VICE PRESIDENT/DEAN FOR ST

    Total calculated
    $129,258
    From this org
    $117,339
    From related orgs
    $0
    Other
    $11,919
    Hours/week
    40

  • Erin Reser

    ACADEMIC VICE PRESIDENT

    Total calculated
    $112,074
    From this org
    $101,363
    From related orgs
    $0
    Other
    $10,711
    Hours/week
    40

  • Melodie Milroy

    CFO/TREASURER

    Total calculated
    $140,104
    From this org
    $125,845
    From related orgs
    $0
    Other
    $14,259
    Hours/week
    40

  • Robert Wilmouth

    PRESIDENT

    Total calculated
    $282,502
    From this org
    $266,201
    From related orgs
    $0
    Other
    $16,301
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,201
    Bonus
    $0
    Other
    $0
    Deferred
    $6,875
    Nontaxable benefits
    $9,426
    Filer's total
    $282,502

  • Brady Ruff

    PROFESSOR

    Total calculated
    $122,557
    From this org
    $104,450
    From related orgs
    $0
    Other
    $18,107
    Hours/week
    40

  • Carrie Hall

    PROGRAM DIRECTOR

    Total calculated
    $135,611
    From this org
    $116,057
    From related orgs
    $0
    Other
    $19,554
    Hours/week
    40

  • Daniel Hargrove

    PROFESSOR, AVIATION

    Total calculated
    $113,514
    From this org
    $107,841
    From related orgs
    $0
    Other
    $5,673
    Hours/week
    40

  • Heather Heggem

    DIRECTOR, PHYSICIAN ASSIST

    Total calculated
    $146,751
    From this org
    $139,500
    From related orgs
    $0
    Other
    $7,251
    Hours/week
    40

  • Twylla Kirchen

    DIRECTOR, OTD PROGRAM

    Total calculated
    $199,523
    From this org
    $183,446
    From related orgs
    $0
    Other
    $16,077
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,446
    Bonus
    $0
    Other
    $0
    Deferred
    $8,625
    Nontaxable benefits
    $7,452
    Filer's total
    $199,523

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 · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
DUES WERE PAID FOR MEMBERSHIPS IN SOCIAL AND CIVIC CLUBS FOR ROBERT WILMOUTH. THESE CLUB VENUES ARE USED TO NETWORK AND SOLICIT DONATIONS FOR THE COLLEGE. NONE OF THE DUES ARE TREATED AS TAXABLE COMPENSATION.
PART I, LINE 3
A COMPENSATION COMMITTEE FORMED BY TRUSTEES OF THE COLLEGE DETERMINES THE SALARY OF THE PRESIDENT, WHICH IS THEN APPROVED BY THE BOARD OF TRUSTEES. THE PROCESS FOR DETERMINING COMPENSATION USES OUTSIDE SOURCES SUCH AS CUPA-HR ADMINISTRATIVE COMPENSATION SURVEY AS WELL AS INFORMATION AND REPORTING FROM THE CHRONICLE OF HIGHER EDUCATION.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
13 May 2025
IRS schema version
2023v6.0
Source object
202511349349300701

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