Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1e · Government grants (contributions)

  $1,914,894

• 1f · All other contributions, gifts and grants

  $103,531,198

• 1g · Noncash contributions included above

  $1,475,788

• 2a · Program service revenue: CONSULTING FEES

  total $17,290,583 · related or exempt $17,290,583

• 2b · Program service revenue: MEMBERSHIP DUES

  total $2,076,731 · related or exempt $2,076,731

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

  total $5,407,498 · related or exempt $5,407,498

• 2d · Program service revenue: PROGRAM EVENT REVENUE

  total $16,078 · related or exempt $16,078

• 3 · Investment income

  total $835,842 · excluded $835,842

• 4 · Income from investment of tax-exempt bond proceeds

  total $0

• 5 · Royalties

  total $3,219 · excluded $3,219

• 6a · Gross rents

  real property $23,536

• 6c · Rental income or loss

  real property $23,536 · personal property $0

• 6d · Net rental income or loss

  total $23,536 · excluded $23,536

• 7a · Gross sales of assets other than inventory

  securities $25,114,748 · other assets $7,835,484

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

  securities $24,981,690

• 7c · Gain or loss

  securities $133,058 · other assets $7,835,484

• 7d · Net gain or loss

  total $7,968,542 · excluded $7,968,542

• 8a · Fundraising events: gross income

  $0

• 8b · Fundraising events: direct expenses

  $0

• 8c · Net income from fundraising events

  total $0

• 9a · Gaming: gross income

  $0

• 9b · Gaming: direct expenses

  $0

• 9c · Net income from gaming

  total $0

• 10a · Gross sales of inventory

  $0

• 10b · Cost of goods sold

  $0

• 10c · Net income from sales of inventory

  total $0

• 11a · Other revenue: OTHER INCOME

  total $328,547 · related or exempt $119,121 · unrelated business $209,426

• 11e · Other revenue, total

  $328,547

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $4,977,184 · program services $4,977,184

• 2 · Grants to domestic individuals

  total $0

• 3 · Grants to foreign organizations and individuals

  total $3,720,132 · program services $3,720,132

• 4 · Benefits paid to or for members

  total $0

• 5 · Compensation of officers, directors and key employees

  total $3,683,907 · program services $791,136 · management and general $2,504,714 · fundraising $388,057

• 6 · Compensation of disqualified persons

  total $0

• 7 · Other salaries and wages

  total $75,301,502 · program services $63,552,549 · management and general $7,627,578 · fundraising $4,121,375

• 8 · Pension plan contributions

  total $2,943,066 · program services $2,566,198 · management and general $252,410 · fundraising $124,458

• 9 · Other employee benefits

  total $7,809,369 · program services $6,809,358 · management and general $669,764 · fundraising $330,247

• 10 · Payroll taxes

  total $5,921,354 · program services $5,163,109 · management and general $507,840 · fundraising $250,405

• 11a · Fees: management

  total $0

• 11b · Fees: legal

  total $788,484 · program services $659,425 · management and general $125,500 · fundraising $3,559

• 11c · Fees: accounting

  total $304,667 · management and general $304,667

• 11d · Fees: lobbying

  total $0

• 11e · Fees: professional fundraising services

  total $21,780 · fundraising $21,780

• 11f · Fees: investment management

  total $131,562 · management and general $131,562

• 11g · Fees: other

  total $18,789,232 · program services $15,492,096 · management and general $3,129,740 · fundraising $167,396

• 12 · Advertising and promotion

  total $0

• 13 · Office expenses

  total $412,300 · program services $258,358 · management and general $31,866 · fundraising $122,076

• 14 · Information technology

  total $3,839,773 · program services $3,178,563 · management and general $450,305 · fundraising $210,905

• 15 · Royalties

  total $0

• 16 · Occupancy

  total $2,925,395 · program services $2,460,559 · management and general $313,103 · fundraising $151,733

• 17 · Travel

  total $5,893,102 · program services $4,926,561 · management and general $660,969 · fundraising $305,572

• 18 · Travel or entertainment for public officials

  total $0

• 19 · Conferences, conventions and meetings

  total $334,189 · program services $320,703 · management and general $5,000 · fundraising $8,486

• 20 · Interest

  total $285,770 · management and general $285,770

• 21 · Payments to affiliates

  total $0

• 22 · Depreciation, depletion and amortization

  total $1,088,820 · program services $915,810 · management and general $116,536 · fundraising $56,474

• 23 · Insurance

  total $228,627 · program services $192,299 · management and general $24,470 · fundraising $11,858

• 24a · Other expenses: FOREIGN CURRENCY ADJUSTMENT

  total $152,604 · program services $148,467 · management and general $532 · fundraising $3,605

• 24b · Other expenses: TAXES

  total $59,428 · program services $43,774 · management and general $15,654

• 24c · Other expenses: MEMBERSHIPS AND SUBSCRIPTIONS

  total $643,376 · program services $554,605 · management and general $66,264 · fundraising $22,507

• 24d · Other expenses: BAD DEBT

  total $17,510 · program services $17,510

• 24e · All other expenses

  total $883,885 · program services $668,347 · management and general $175,235 · fundraising $40,303

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $29,716,111 · end of year $18,703,464

• 2 · Savings and temporary cash investments

  beginning of year $0 · end of year $0

• 3 · Pledges and grants receivable

  beginning of year $11,618,626 · end of year $20,057,075

• 4 · Accounts receivable

  beginning of year $3,673,204 · end of year $13,259,308

• 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 $0 · end of year $4,203,750

• 8 · Inventories for sale or use

  beginning of year $0 · end of year $0

• 9 · Prepaid expenses and deferred charges

  beginning of year $2,901,750 · end of year $3,951,256

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

  $20,372,436

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

  $5,915,657

• 10c · Land, buildings and equipment, net

  beginning of year $14,999,575 · end of year $14,456,779

• 11 · Investments: publicly traded securities

  beginning of year $38,897,998 · end of year $27,827,158

• 12 · Investments: other securities

  beginning of year $11,800,128 · end of year $12,755,253

• 13 · Investments: program-related

  beginning of year $0 · end of year $0

• 14 · Intangible assets

  beginning of year $0 · end of year $0

• 15 · Other assets

  beginning of year $2,810,019 · end of year $25,521,443

• 17 · Accounts payable and accrued expenses

  beginning of year $11,961,480 · end of year $13,689,326

• 18 · Grants payable

  beginning of year $0 · end of year $0

• 19 · Deferred revenue

  beginning of year $795,474 · end of year $2,656,337

• 20 · Tax-exempt bond liabilities

  beginning of year $0 · end of year $0

• 21 · Escrow or custodial account liability

  beginning of year $0 · end of year $0

• 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 $5,520,872 · end of year $6,367,990

• 24 · Unsecured notes and loans payable

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $451,465 · end of year $21,666,411

• 27 · Net assets without donor restrictions

  beginning of year $37,440,450 · end of year $32,273,805

• 28 · Net assets with donor restrictions

  beginning of year $60,247,670 · end of year $64,081,617

The filer's explanations (Part III)

SCHEDULE J, PART I, LINE 1A

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 ONE YEAR LEASE ENDS DECEMBER 31, 2023. THE RENT IS $123 PER MONTH. 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 4B

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. The following pre-tax calendar year 2022 contributions to the 457(F) plan are included in schedule J, Part II, column (C) as deferred compensation: $ 93,439 - Jon Creyts $ 63,000 - Martha Pickett $ 58,740 - Heather McCreery $ 57,860 - Lena Hansen $ 56,000 - Leia Guccione $ 53,750 - Clay Stranger $ 56,000 - Jennifer Stokes $ 53,750 - Justin Locke $ 58,300 - Kylie Rogers $ 56,000 - Sarah Ladislaw

SCHEDULE J, PART I, LINE 7

DESCRIPTION OF NON-FIXED PAYMENT: THE EMPLOYEES WERE PAID A PERFORMANCE BONUS AT THE DISCRETION OF MANAGEMENT.

Disregarded entities

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

• RMI INNOVATION CENTER LLC

  RMI MGMT · CO · income $5,349 · assets $13,096,302

  Directly controlled by N