2020-07-13T13:17:23-05:00 2019-06-30 810385940 ANDERSON ZURMUEHLEN & CO PC PO BOX 20435 BILLINGS MT 591040435 990 2018-07-01 810235407 ROCKY MOUNTAIN COLLEGE ROCK 4066571000 1511 POLY DR BILLINGS MT 591021796 MELODIE MILROY CHIEF FINANCIAL OFFICER 4066571000 2020-07-07 1 STEFENI S FREESE CPA P00124115 4062455136 2020-07-07 71.92.235.230 2020-07-07 11:38:48 MD P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 A14E9CDD889BBD782C80E2D4DA52672E91CF27C0 2018 2021-01-29 14:40:06Z MELODIE MILROY 1511 POLY DR BILLINGS MT 591021796 46498945 0 X WWW.ROCKY.EDU X 1947 MT 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. 22 22 857 25 261270 0 5363064 3728022 32511468 33777547 1965290 1530376 324990 327634 40164812 39363579 15021672 15877907 0 0 14749135 15346875 26386 52500 797358 10654892 11052060 40452085 42329342 -287273 -2965763 69376924 70688763 15274295 18183273 54102629 52505490 X 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. 0 0 26557490 15877907 29939395 INSTRUCTION - HIGHER EDUCATION PROGRAM LEADING TO A BACCALAUREATE DEGREE OR MASTERS DEGREE IN PROFESSIONAL STUDIES OR LIBERAL ARTS. ROCKY MOUNTAIN COLLEGE SERVES 700 TO 1,000 STUDENTS PER SEMESTER. 6163452 STUDENT SERVICES - DEAN OF STUDENTS ADMINISTRATION, STUDENT ACTIVITIES, PUBLICATIONS, CAREER COUNSELING, FINANCIAL AID, REGISTRAR, ADMISSIONS, STUDENT RECORDS (REGISTRAR), ETC. 3632216 3838877 AUXILIARY SERVICES - STUDENT RESIDENCE HALLS, DINING, BOOKSTORE, SUMMER CAMPS, CONFERENCES, ATHLETICS. 2237212 ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, STUDENT ADVISING, ACADEMIC COMPUTING, ETC. 2237212 38590370 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 1 148 0 1 857 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 22 22 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 X MELODIE MILROY 4066571000 1511 POLY DR BILLINGS MT 591021796 ROCKWOOD BROWN BOARD MEMBER 1.00 X 0 0 0 GREG MCDONALD BOARD MEMBER 1.00 X 0 0 0 BARB SKELTON BOARD MEMBER 1.00 X 0 0 0 ROD KASTELITZ BOARD MEMBER 1.00 X 0 0 0 REV MARC STEWART BOARD MEMBER 1.00 X 0 0 0 KATIE LEHMAN BOARD MEMBER 1.00 X 0 0 0 REV GEORGE GOODRICH BOARD MEMBER 1.00 X 0 0 0 RANDY SCOTT BOARD MEMBER 1.00 X 0 0 0 DR BRANDON HOGAN BOARD MEMBER 1.00 X 0 0 0 REV DEBORAH CHRISTINE BOARD MEMBER 1.00 X 0 0 0 REV BARBARA MINER BOARD MEMBER 1.00 X 0 0 0 DAVID DIETRICH BOARD MEMBER 1.00 X 0 0 0 JACK MOWELL BOARD MEMBER 1.00 X 0 0 0 DENA JOHNSON BOARD MEMBER 1.00 X 0 0 0 JOHN EISENHAUER BOARD MEMBER 1.00 X 0 0 0 JOHN FELTON BOARD MEMBER 1.00 X 0 0 0 MIKE GULLEDGE BOARD MEMBER 1.00 X 0 0 0 PETE TAYLOR BOARD MEMBER 1.00 X 0 0 0 JIM WINCHELL BOARD MEMBER 1.00 X 0 0 0 LYLE KNIGHT CHAIR 1.00 X X 0 0 0 MIKE WALKER BOARD MEMBER 1.00 X 0 0 0 CHUCK TOOLEY SECRETARY 1.00 X X 0 0 0 ROBERT WILMOUTH PRESIDENT 40.00 X 93572 0 8172 TYLER WILTGEN VICE PRESIDENT OF ADVANCEM 40.00 X 98291 0 15075 STEPHEN GERMIC PROVOST/ACADEMIC VICE PRES 40.00 X 108119 0 12611 MELODIE MILROY CHIEF FINANCIAL OFFICER 40.00 X 125133 0 17900 BRAD NASON VICE PRESIDENT/DEAN FOR ST 40.00 X 112924 0 12430 STEPHANIE SCHMITZ DIRECTOR, EDUCATIONAL LEAD 40.00 X 140440 0 15446 HEATHER HEGGEM DIRECTOR, PHYSICIAN ASSIST 40.00 X 111368 0 5880 ANTHONY PILTZ PROFESSOR, ACCOUNTING 40.00 X 118910 0 11140 DANIEL HARGROVE PROFESSOR, AVIATION 40.00 X 106737 0 5638 1015494 0 104292 7 0 1 0 DICK ANDERSON CONSTRUCTION INC PO BOX 31511 BILLINGS MT 591071511 CONSTRUCTION SERVICES 2102831 SODEXO INC & AFFILIATES 1511 POLY DRIVE BILLINGS MT 59102 FOOD SERVICES 1335772 INTERMOUNTAIN EQUESTRIAN CENTER 7256 HWY 3 BILLINGS MT 59106 EQUESTRIAN BOARDING 299210 EDWARDS JET CENTER 1691 AVIATION PLACE BILLINGS MT 59105 AIR SERVICES 194637 ULTRA GRAPHICS 3413 GABEL RD BILLINGS MT 59102 PRINTING SERVICES 190138 12 333353 2251173 1143496 158180 3728022 TUITION AND FEES 611600 29912642 29912642 RESIDENCE HALLS 721000 1914886 1914886 CAFETERIA/DINING 722514 1208410 1208410 MISCELLANEOUS INCOME 900099 387720 387720 ATHLETICS 900099 152547 152547 201342 201342 33777547 957893 957893 4556 4556 33859 33602 257 257 257 7540302 725 6968544 0 571758 725 572483 725 571758 106561 333353 109582 -3021 -3021 88210 23638 64572 64572 CAMPS 721310 148279 148279 HEALTH CLUB 713940 105820 105820 ADVERTISING 900099 6665 6665 506 506 261270 39363579 33778272 261270 1596015 15877907 15877907 637958 255469 249931 132558 11586662 10611512 661529 313621 421308 383273 21029 17006 1827579 1159732 621108 46739 873368 770192 70764 32412 11960 2135 9825 56000 56000 52500 52500 238566 238566 1545610 1211790 308159 25661 185584 162384 5810 17390 2377171 2298307 24002 54862 426645 166479 222400 37766 1297188 1182906 112642 1640 1476244 1394883 45058 36303 44199 31817 5622 6760 471254 160095 311159 1998944 1998944 464189 174619 289570 MEMBERSHIP FEES 258733 202884 51833 4016 BAD DEBT EXPENSE 105559 105559 OTHER EXPENSES 94214 67910 8180 18124 INDIRECT COSTS ALLOCATI 0 238566 -238566 42329342 38590370 2941614 797358 2170515 2222461 322447 147792 224049 526490 713322 635609 475943 476438 61215395 32670336 28475631 28545059 31473513 32670076 5521504 5464838 69376924 70688763 2419917 2808487 129384 11040112 13259489 1814266 1985913 15274295 18183273 X 15063779 13940961 10865734 9963471 28173116 28601058 54102629 52505490 69376924 70688763 X -2965763 1411706 -43082 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 387051 X 0 30891015 134081 2793224 1030275 473080 259722 32055243 29722840 152468 2673323 920855 485230 251531 30891015 26460611 1952948 2644439 741770 375225 218163 29722840 26149773 134156 1717440 947746 412500 180512 26460611 26250383 341503 1123365 925450 368830 271198 26149773 0.04830 0.76900 0.18270 0 0 288000 110978 398978 436780 43411140 20681148 23166772 3809156 1486895 2322261 12772289 10502293 2269996 189536 197516 387052 28545059 FUNDS HELD IN TRUST 5464838 5464838 STUDENT DEPOSITS 883479 ANNUITY LIABILITIES 281912 FEDERAL PERKINS STUDENT LOAN PROGRAM 820522 1985913 24761395 1368624 166821 1535445 23225950 16137629 16137629 39363579 26358534 166821 166821 26191713 16137629 16137629 42329342 PART III, LINE 4: THE COLLEGE'S COLLECTIONS OF ART ARE HELD FOR PUBLIC EXHIBITIONS AND EDUCATION. PART V, LINE 4: APPROXIMATELY TWO THIRDS OF THE VALUE OF THE ENDOWMENT FUNDS IS COMMITTED TO SUPPORT SCHOLARSHIPS. THE REMAINING ENDOWMENT FUNDS, INCLUDING THE MODEST BOARD-DESIGNATED FUNDS, SUPPORT THE GENERAL OPERATIONS OF THE COLLEGE. SOME OF THE INCOME FROM THESE LATTER ENDOWMENT IS RESTRICTED FOR THINGS SUCH AS BUILDING AND GROUNDS MAINTENANCE, LIBRARY RESOURCES, SPECIFIC ACADEMIC PROGRAMS AND ACADEMIC CHAIRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RAFFLE PRIZES RENTAL EXPENSES SPECIAL EVENT EXPENSES PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS ENDOWMENT EXPENSES REALLOACTED TO INCOME PART XII, LINE 2D - OTHER ADJUSTMENTS: RAFFLE PRIZES RENTAL EXPENSES SPECIAL EVENT EXPENSES PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS ENDOWMENT EXPENSES REALLOCATED TO INCOME SCHEDULE D PART XI LINE 2D SPECIAL EVENT EXPENSES AND RAFFLE PRIZES WERE INCLUDED WITH EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. SPECIAL EVENT EXPENSES AND RAFFLE PRIZES ARE REPORTED NET OF FUNDRAISING REVENUE ON THE FORM 990. RENTAL EXPENSES WERE INCLUDED WITH EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. RENTAL EXPENSES ARE REPORTED NET OF RENTAL INCOME ON THE FORM 990. SCHEDULE D PART XII LINE 2D SPECIAL EVENT EXPENSES AND RAFFLE PRIZES WERE INCLUDED WITH EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. SPECIAL EVENT EXPENSES AND RAFFLE PRIZES ARE REPORTED NET OF FUNDRAISING REVENUE ON THE FORM 990. RENTAL EXPENSES WERE INCLUDED WITH EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. RENTAL EXPENSES ARE REPORTED NET OF RENTAL INCOME ON THE FORM 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ROCKY MOUNTAIN COLLEGE CATALOG - "ROCKY MOUNTAIN COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEX, RELIGION, NATIONAL ORIGIN, CITIZENSHIP, AGE, DISABILITY, OR SEXUAL ORIENTATION IN ADMISSIONS OR ITS POLICIES AND/OR PROGRAMS, EMPLOYMENT OR OTHER ACTIVITIES." SCHEDULE E, PART I, LINE 6 ROCKY MOUNTAIN COLLEGE RECEIVED MONEY FROM THE FEDERAL TITLE IV PROGRAM. OTHER MISCELLANEOUS GRANTS FROM FEDERAL AND STATE GOVERNMENTS ARE ALSO RECEIVED BY ROCKY MOUNTAIN COLLEGE FOR EDUCATION AND RESEARCH PURPOSES. EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM 0 0 PROGRAM ACTIVITIES BUSINESS CLASS TRIP 35800 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM ACTIVITIES DEBATE TEAM TRIP 7090 CENTRAL AMERICA AND THE CARIBBEAN 0 0 PROGRAM ACTIVITIES MISSION TRIP 32150 0 0 0 0 0 0 75040 0 75040 0 0 0 0 0 0 X X X X X X X 1 HANOVER RESEARCH COUNCIL 4401 WILSON BLVD 4TH FLOOR ARLINGTON VA 22203 RESEARCH AND ANALYTICS 0 0 52500 0 52500 BLACK TIE BLUE JEANS AUCTION 415826 327635 88191 8987 14068 9250 68381 ALUMNI GOLF TOURNAMENT 15093 5718 9375 2240 2911 334 1 8995 8995 1935 875 600 439914 333353 106561 2240 13833 15277 9250 68981 109581 -3020 88210 7200 16438 0 88210 7200 16438 23638 64572 MT MS 0 ROCKY MOUNTAIN COLLEGE HOLDS VARIOUS RAFFLES THROUGHOUT THE YEAR. ROCKY MOUNTAIN COLLEGE APPLIES WITH THE STATE OF MONTANA TO CONDUCT RAFFLES, WHICH IS DONE ANNUALLY. 0 0 0 1.00000 MELODIE MILROY 1511 POLLY DR BILLINGS MT 59101 0 0 1 PELL GRANTS 319 1357925 RMC GRANTS 908 14379346 SEOG GRANTS 190 127560 TEACH GRANTS 4 13076 PART I, LINE 2: ROCKY MOUNTAIN COLLEGE AWARDS FINANCIAL AID WHICH COMES FROM FEDERAL AND STATE FUNDS, ENDOWMENT FUNDS, DONATIONS, ETC. THE STUDENTS ARE SELECTED BASED ON THE INDIVIDUAL FUND REQUIREMENTS AND IS POSTED TO THEIR ACCOUNT AS A REDUCTION. IF FUNDS EXCEED TUITION AND FEES, THE STUDENT IS GIVEN THE EXTRA FUNDS FOR LIVING EXPENSES. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 STEPHANIE SCHMITZ DIRECTOR, EDUCATIONAL LEAD 140440 0 0 0 0 0 6413 0 9033 0 155886 0 0 0 PART I, LINE 1A DUES WERE PAID FOR MEMBERSHIPS IN SOCIAL AND CIVIC CLUBS FOR ROBERT WILMOUTH AND TYLER WILTGEN. 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. A CITY OF BILLINGS MT 816001237 2011-03-31 2610868 PNC ENERGY PERFORMANCE AUDIT 0 0 0 B CITY OF BILLINGS MT 816001237 2004-02-18 10200000 2004 HIGHER ED NOTE 0 0 0 A 659045 2610868 52000 2610868 0 0 1 1 B 3820180 10200000 204000 5765700 4230300 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 1 0 0 0 0 0 B 1 0 0 0 0 0 A 0 B 0 BARB SKELTON TRUSTEE 304022 INDEPENDENT CONTRACTOR - BARB SKELTON (TRUSTEE) AND HER HUSBAND OWN INTERMOUNTAIN EQUESTRIAN CENTER. ROCKY MOUNTAIN COLLEGE PAYS INTERMOUNTAIN EQUESTRIAN CENTER FOR THE BOARDING OF STUDENT HORSES FOR THE EQUESTRIAN PROGRAM. 0 MARY UNDERRINER FORMER TRUSTEE 26456 VEHICLE LEASES - MARY UNDERRINER IS MARRIED TO THE OWNER OF UNDERRINER MOTORS. ROCKY MOUNTAIN COLLEGE LEASES SEVERAL VEHICLES FROM UNDERRINER MOTORS. 0 DAVID DIETRICH TRUSTEE 5240 LEGAL FEES PAID TO DIETRICH AND ASSOCIATES, AND DAVID DIETRICH IS AN OWNER IN THE ORGANIZATION. 0 X 7 100159 FAIR MARKET VALUE X AUCTION PROPERTY 0 41583 FAIR MARKET VALUE X RAFFLE RINGS 1 11000 FAIR MARKET VALUE X RAFFLE EARINGS 1 4000 FAIR MARKET VALUE X PRIZES/AWARDS 1 1438 FAIR MARKET VALUE 0 1 0 PART I, COLUMN (B): VARIOUS AUCTION PROPERTY DONATIONS MADE BY MULTIPLE INDIVIDUALS NOT SPECIFICALLY TRACKED BY NUMBER OF CONTRIBUTORS. FORM 990, PART VI, SECTION A, LINE 2 BARB SKELTON (TRUSTEE) AND ROCKWOOD BROWN (TRUSTEE) - BUSINESS RELATIONSHIP SAFEGUARDS HAVE BEEN IMPLEMENTED TO ENSURE COMPLIANCE WITH ORGANIZATIONAL POLICIES. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE ELECTRONICALLY. THE AUDIT COMMITTEE THEN MEETS WITH THE FINANCIAL STAFF FOR A QUESTION AND ANSWER SESSION. ONCE APPROVAL IS GIVEN THROUGH THE AUDIT COMMITTEE, THE RETURN IS FILED. THE APPROVAL IS COMMUNICATED TO THE FULL BOARD OF TRUSTEES AND EACH TRUSTEE MAY RECEIVE A COPY OF THE RETURN UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, TRUSTEES, OFFICERS AND MANAGEMENT EMPLOYEES COMPLETE A CONFLICT OF INTEREST FORM LISTING ANY CONFLICTS THEY MAY HAVE. IF TRUSTEES HAVE A CONFLICT OF INTEREST, THEY ARE NOT ALLOWED TO VOTE ON ANY ISSUES THAT ARE RELATED TO THEIR CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE PRESIDENT OF ROCKY MOUNTAIN COLLEGE IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. COMPARABLE INFORMATION FROM CUPA-HR ADMNISTRATIVE COMPENSATION SURVEY AND CHRONICLE OF HIGHER EDUCATION ARE USED TO HELP DETERMINE THE SALARY. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE AVAILABLE ON THE ROCKY MOUNTAIN COLLEGE WEBSITE. GOVERNING DOCUMENTS AND 990'S ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT -43,082. 990 PART XII, LINE 2C-OVERSIGHT OF AUDIT ROCKY MOUNTAIN COLLEGE HAS AN AUDIT COMMITTEE THAT MAINTAINS OVERSIGHT OF THE AUDIT. NO CHANGE TO THIS PROCESS FROM PRIOR YEAR REPORTING.