2015-11-13T15:49:47-06:00 2015-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2014-07-01 742244146 ROCKY MOUNTAIN INSTITUTE ROCK 3032451003 1820 FOLSOM STREET BOULDER CO 80302 JULES KORTENHORST CEO 3032451003 2015-11-11 1 DORI J EGGETT P00645252 3037409400 2014 2016-03-07 17:11:31Z JULES KORTENHORST 1820 FOLSOM STREET BOULDER CO 80302 29305906 0 X WWW.RMI.ORG X 1982 CO OUR MISSION IS TO DRIVE THE EFFICIENT AND RESTORATIVE USE OF RESOURCES. 19 16 131 20 0 0 16217886 23324546 1985012 1825439 629269 656236 19621 13607 18851788 25819828 0 0 0 0 9570591 14237645 0 0 1847457 5750959 9217050 15321550 23454695 3530238 2365133 18910188 33621689 2524549 9103705 16385639 24517984 X WE ENVISON A WORLD THRIVING, VERDANT, AND SECURE, FOR ALL, FOR EVER. TO THAT END, OUR MISSION IS TO DRIVE THE EFFICIENT AND RESTORATIVE USE OF RESOURCES. 1 0 16184483 1813242 RMI PROGRAMS - TRANSFORMS GLOBAL ENERGY USE TO CREATE A CLEAN, PROSPEROUS, AND SECURE LOW-CARBON FUTURE: BUILDINGS SPEEDING THE ENERGY EFFICIENCY REVOLUTION, REDUCING FOSSIL FUEL USE WHILE REVITALIZING THE REAL-ESTATE SECTOR, CREATING JOBS, AND REVIVING U.S. ECONOMY; ELECTRICITY - ACCELERATING THE SHIFT FROM FOSSIL FUEL DOMINATED ELECTRICAL SYSTEM TO CLEAN, RELIABLE, AFFORDABLE, CUSTOMER-CENTRIC SYSTEM BASED ON RENEWABLE RESOURCES; MOBILITY LEVERAGING NEW TECHNOLOGY AND INNOVATION TO ADVANCE MOBILITY SERVICES TO ADDRESS CONGESTION, COSTS, COMMUTING, SAFETEY, AND THE ENVIRONMENT; INDUSTRY- INCREASING ENERGY EFFICIENCY OF INDUSTRY, INVIGORATING AND DE-RISKING THE SECTOR, CREATING JOBS, AND DRIVING GLOBAL COMPEITIVENESS. 1701408 0 CWR PROGRAMS - ACCELERATES THE ADOPTION OF BUSINESS SOLUTIONS THAT REDUCE CARBON EMISSIONS AT GIGATON SCALE AND ADVANCE THE LOW-CARBON ECONOMY. SHIPPING REDUCING CARBON EMISSIONS BY BRIDGING GAPS IN MARKET INFORMATION RELATED TO FUEL EFFICIENCY AND UNLOCKING CAPITAL FLOW FOR TECHNOLOGY RETROFITS. AVIATION REDUCING THE INDUSTRY'S CARBON FOOTPRINT BY ACCELERATING THE DISPLACEMENT OF CONVENTIONAL JET FUEL WITH SUSTAINABLE AVIATION FUEL. SMART ISLANDS ACCELERATING THE TRANSITION OF ISLAND ECONOMIES FROM A HEAVY DEPENDENCE ON FOSSIL FUELS TO A DIVERSE AND RENEWABLE ENERGY MIX, CREATING A BLUEPRINT FOR OTHER ECONOMIES. TRUCKING DOUBLING THE FUEL EFFICIENCY OF THE NORTH AMERICAN GOODS MOVEMENT BY ADDRESSING KEY BARRIERS IN THE ADOPTION OF FUEL-SAVING TECHNOLGOIES FOR THE ON-ROAD TRUCKING SECTOR. 1797749 12197 MARKETING AND COMMUNICATIONS: THIS TEAM CREATES AND EXECUTES THE MARKETING AND COMMUNICATIONS PLANS FOR ALL RMI AND CWR PROGRAMS. PROGRAM MARKETERS ENSURE COMMUNICATIONS PLANS LEVERAGE DIVERSE CHANNELS AND MEDIA, AMPLIFYING PROGRAM SUCCESSES AND CONTRIBUTING TO GOALS AND MILESTONES. SHARED SERVICES EXPERTS--IN MEDIA, DIGITAL, DESIGN, AND EDITORIAL--SUPPORT THE PROFESSIONAL EXECUTION OF THOSE PLANS. TEAM ALSO MANAGES THE EXECUTION OF DONOR-FOCUSED COMMUNICATIONS SUCH AS THE ANNUAL REPORT, MAGAZINE, BLOG, AND NEWSLETTER. 19683640 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 1 58 0 1 131 1 0 0 0 0 0 0 0 0 0 0 X 19 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AL AK AZ AR CA CO CT DC FL GA HI IL KS KY LA ME MD MA MI MN MS MO NH NJ NM NY NC ND OH OK OR PA RI SC TN UT VA WA WV WI X X ED MCCULLOUGH 3032451003 1820 FOLSOM STREET BOULDER CO 80302 JOHN ABELE TRUSTEE 1.00 X 0 0 0 DAVID ALLEN TRUSTEE 1.00 X 0 0 0 SHARMY ALTSHULER TRUSTEE 1.00 X 0 0 0 PETER BOYER TRUSTEE 1.00 X 0 0 0 MARY CAULKINS TRUSTEE 1.00 X 0 0 0 TOM DINWOODIE LEAD TRUSTEE 1.00 X X 0 0 0 SEAN CLEARY TRUSTEE 1.00 X 0 0 0 SUZANNE FARVER TRUSTEE/TREASURER 1.00 X X 0 0 0 ARJUN GUPTA TRUSTEE 1.00 X 0 0 0 KRISTINA JOHNSON TRUSTEE 1.00 X 0 0 0 JOSE MARIA FIGUERES CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 TED WHITE TRUSTEE 1.00 X 0 0 0 REUBEN MUNGER TRUSTEE 1.00 X 0 0 0 AMORY LOVINS CHIEF SCIENTIST 40.00 X X 353480 0 24206 MARTHA PICKETT GENERAL COUNSEL-SECRETARY 40.00 X X 280929 0 21706 JULES KORTENHORST CEO 40.00 X X 666451 0 29937 JEAN OELWANG TRUSTEE 1.00 X 0 0 0 GEORGE POLK TRUSTEE 1.00 X 0 0 0 JIGAR SHAH TRUSTEE 1.00 X 0 0 0 EDWARD HARVEY MANAGING DIRECTOR 40.00 X 278740 0 12500 JON CREYTS MANAGING DIRECTOR 40.00 X 284797 0 25637 JAMES NEWCOMB MANAGING DIRECTOR 40.00 X 261685 0 25237 BRAD MUSHOVIC MANAGING DIRECTOR 40.00 X 198161 0 23352 CAROL NASTA MANAGING DIRECTOR 40.00 X 185910 0 22405 EDGAR MCCULLOUGH CONTROLLER, FINANCE & OPER 40.00 X 178401 0 22405 LENA HANSEN PRINCIPAL 40.00 X 179502 0 12492 VICTOR OLGYAY PRINCIPAL 40.00 X 145452 0 21850 OWEN SMITH PRINCIPAL 40.00 X 152239 0 22037 KAREN CROFTON PRINCIPAL 40.00 X 145843 0 11374 JERULD WEILAND MANAGING DIRECTOR 40.00 X 144909 0 16332 3456499 0 291470 18 0 1 0 ZIMMER GUNSUL FRASCA ARCHITECTS LLP 1223 SW WASHINGTON ST 200 PORTLAND OR 97205 ARCHITECTS 1227800 JE DUNN 2000 S COLORADO BLVD SUITE 12000 DENVER CO 80222 GENERAL CONTRACTOR 957540 LAWRENCE BERKELEY NATIONAL LABORATORY 1 CYCLOTRON ROAD MS971-SP BERKELEY CA 94720 CONSULTING 432330 REOS NORTH AMERICA ONE BROADWAY 14TH FLOOR CAMBRIDGE MA 02142 CONSULTING 191165 INKHOUSE LLC 260 CHARLES ST SUITE 200 WALTHAM MA 02453 CONSULTING 185435 9 328441 22996105 619999 23324546 CONSULTING FEES 541610 1560823 1560823 PROJECT REVENUE 541900 249155 249155 RENTAL INCOME 531120 15443 15443 PUBLICATION REVENUE 511190 18 18 1825439 47002 47002 13607 13607 2895312 1200000 2966716 519362 -71404 680638 609234 609234 25819828 1825439 0 669843 2895941 2429772 126531 339638 9480494 7969102 521250 990142 271274 235327 26875 9072 857538 739802 76972 40764 732398 629862 61888 40648 131412 126210 5202 86544 2944 83600 23366 23366 5895 5337 558 571813 452496 78858 40459 219782 116299 65194 38289 1020579 731754 239800 49025 2314155 2000561 262135 51459 143790 124305 16288 3197 53924 42077 8862 2985 225667 176086 37091 12490 63187 51530 6801 4856 CONSULTANTS AND SUBCONT 3139197 2845857 149494 143846 RECRUITING 581060 552072 28988 MISCELLANEOUS 309555 129781 101050 78724 PUBLIC RELATIONS 201137 201137 0 0 125987 121329 3353 1305 23454695 19683640 1923598 1847457 543032 550757 2506181 5272625 3008215 10380797 165757 809524 46071 60838 2613 2859 92201 287902 13200904 2663696 3083603 10537208 2147750 1798943 6622428 3186595 692337 733641 18910188 33621689 2320766 4577893 670144 3584348 203783 271320 2524549 9103705 X 11120837 9345833 4414797 14862581 850005 309570 16385639 24517984 18910188 33621689 X 2365133 -19419 5786631 X 0 1 X 1 0 X 10490919 7622879 13905792 16217886 23324546 71562022 10490919 7622879 13905792 16217886 23324546 71562022 27809225 43752797 155537 115594 208499 662022 60609 1202261 850 963 1813 -42230 11701 5933 5129 -19467 72746629 11028158 0.60140 0.69180 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 980930 35890 -30291 609285 377244 875987 23315 89825 8197 980930 710719 125365 52732 12829 875987 746828 3421 -35339 4191 710719 703870 710 46472 4224 746828 0.82060 0.17940 1 0 9878335 9878335 480156 451442 28714 2342832 1851580 491252 499581 360674 138907 10537208 ASSETS HELD BY THE DENVER FOUNDATION 3086595 F INVESTMENTS IN BLACK BEAR ENERGY 100000 F 3186595 CAPITAL LEASE OBLIGATIONS 232539 DEFERRED RENT 38781 271320 X 13145765 -19419 101250 38440 120271 13025494 23366 12770969 12794335 25819829 13517362 101250 101250 13416112 23366 10015217 10038583 23454695 PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE RMI SUMMER RESEARCH INTERNSHIPS OPPORTUNITIES. PART X, LINE 2: THE ALLIANCE APPLIES A MORE-LIKELY-THAN-NOT MEASUREMENT METHODOLOGY TO REFLECT THE FINANCIAL STATEMENT IMPACT OF UNCERTAIN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. AFTER EVAULUATING THE TAX POSITIONS TAKEN, NONE ARE CONSIDERED TO BE UNCERTAIN; THEREFORE, NO AMOUNTS HAVE BEEN RECOGNIZED AS OF JUNE 30, 2015. IF INCURRED, INTEREST AND PENALTIES ASSOCIATED WITH TAX POSITIONS ARE RECORDED IN THE PERIOD ASSESSED AS GENERAL AND ADMINISTRATIVE EXPENSE. NO INTEREST OR PENALTIES HAVE BEEN ASSESSED AS OF JUNE 30, 2015. PART XI, LINE 2D - OTHER ADJUSTMENTS: RESEARCH PRESENTATION MEETING EXPENSES NET AGAINST REVENUE IN FS -21,900. CHANGE IN NET ASSETS HELD AT THE DENVER FOUNDATION 60,340. PART XI, LINE 4B - OTHER ADJUSTMENTS: INCOME FROM RMI BEFORE MERGER 12,770,969. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESEARCH PRESENTATION MEETING EXPENSES NET AGAINST REVENUE IN FS 21,900. EXPENSES FROM RMI BEFORE MERGER 9,993,317. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 AMORY LOVINS CHIEF SCIENTIST 270980 0 82500 0 0 0 13750 0 10456 0 377686 0 0 0 MARTHA PICKETT GENERAL COUNSEL-SECRETARY 230929 0 50000 0 0 0 11250 0 10456 0 302635 0 0 0 JULES KORTENHORST CEO 291451 0 300000 0 75000 0 15000 0 14937 0 696388 0 0 0 EDWARD HARVEY MANAGING DIRECTOR 228740 0 50000 0 0 0 12500 0 0 0 291240 0 0 0 JON CREYTS MANAGING DIRECTOR 224797 0 60000 0 0 0 10700 0 14937 0 310434 0 0 0 JAMES NEWCOMB MANAGING DIRECTOR 221685 0 40000 0 0 0 10300 0 14937 0 286922 0 0 0 BRAD MUSHOVIC MANAGING DIRECTOR 165161 0 33000 0 0 0 8415 0 14937 0 221513 0 0 0 CAROL NASTA MANAGING DIRECTOR 150910 0 35000 0 0 0 7468 0 14937 0 208315 0 0 0 EDGAR MCCULLOUGH CONTROLLER, FINANCE & OPER 145901 0 32500 0 0 0 7468 0 14937 0 200806 0 0 0 LENA HANSEN PRINCIPAL 144502 0 35000 0 0 0 6802 0 5690 0 191994 0 0 0 VICTOR OLGYAY PRINCIPAL 130452 0 15000 0 0 0 6913 0 14937 0 167302 0 0 0 OWEN SMITH PRINCIPAL 130239 0 22000 0 0 0 7100 0 14937 0 174276 0 0 0 KAREN CROFTON PRINCIPAL 125843 0 20000 0 0 0 6500 0 4874 0 157217 0 0 0 JERULD WEILAND MANAGING DIRECTOR 144909 0 0 0 0 0 11458 0 4874 0 161241 0 0 0 PART I, LINE 1A BUSINESS USE OF PERSONAL RESIDENCE - AMORY LOVINS RENTS APPROXIMATELY 1200 SQ FT OF HIS HOUSE, PLUS SHARED SPACE TO RMI AS OFFICE SPACE UNDER A 1-YEAR WRITTEN LEASE ENDING JUNE 30, 2016. THE RENT IS $1,790 PER MONTH. PART I, LINE 7 NON-FIXED PAYMENTS - SOME EMPLOYEES WERE PAID PERFORMANCE BONUSES AT THE DISCRETION OF MANAGEMENT. X 17 619999 FMV 0 0 0 FORM 990, PART III, LINE 2 THE MERGER OF ROCKY MOUNTAIN INSTITUTE WITH THE CARBON WAR ROOM ALLOWS THE ACCELERATION OF A WORLD ENERGY TRANSFORMATION TO CREATE A CLEAN, PROSPEROUS, AND SECURE LOW-CARBON FUTURE. THE TWO ORGANIZATIONS CAN BUILD THEIR HISTORICAL RESULTS, AND FOCUS ON AMPLIFYING THE IMPACT BEYOND THE SUM OF WHAT THEY CAN DO INDEPENDENTLY. THE MERGER ALLOWS THE ADDITION OF COMPLEMENTARY PROGRAMS RESULTING IN MUCH MORE THAN THE SUM OF THE PARTS. FORM 990, PART VI, SECTION B, LINE 11 RMI'S REVIEW PROCESS FOR THE 990 FORM BEGINS WITH A FORMAL REVIEW BY THE SENIOR MANAGEMENT TEAM (CEO, MANAGING DIRECTOR - LEGAL COUNSEL, MANAGING DIRECTOR - DEVELOPMENT, AND CONTROLLER). ONCE REVIEWED, A SECOND EVALUATION IS PERFORMED BY THE BOARD OF TRUSTEES AUDIT COMMITTEE WITH THE CEO AND DIRECTOR OF FINANCE IN ATTENDANCE. ONCE APPROVED, THE AUDIT COMMITTEE WILL FORMALLY ACCEPT THE REPORT AND AUTHORIZE THE AUDITORS TO FILE THE ANNUAL 990 FORM. THE MINUTES AND RECOMMENDATIONS OF THE AUDIT COMMITTEE WILL BE REPORTED TO THE BOARD OF TRUSTEES AT THE NEXT TRI-ANNUAL MEETING (JANUARY, APRIL, AND OCTOBER). FORM 990, PART VI, SECTION B, LINE 12C TRUSTEES ARE CONTACTED THROUGH AN ANNUAL AFFIRMATION TO UPDATE ANY CHANGES TO THEIR PERSONAL SITUATION. TRUSTEES ARE REQUIRED TO REPORT ANY CHANGES THAT MAY CONSTITUTE A POTENTIAL CONFLICT OF INTEREST. TRUSTEES ARE ASKED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE EACH YEAR. IF A CONFLICT OF INTEREST OR AN APPEARANCE OF A CONFLICT OF INTEREST ARISES, THE EXECUTIVE COMMITTEE REVIEWS AND INVESTIGATES COMPLIANCE ISSUES. FORM 990, PART VI, SECTION B, LINE 15 DURING FISCAL YEAR 2010, RMI RETAINED A CERTIFIED COMPENSATION PROFESSIONAL TO CONDUCT A DETAILED ANALYSIS OF ALL CURRENT POSITIONS. THIS ANALYSIS UTILIZED "WORLD AT WORK" BEST PRACTICES TO DETERMINE MARKET PRICES FOR THE ROLES THAT CURRENTLY EXIST WITHIN RMI AND ESTABLISH A GRADE TABLE. THE RESULTS OF THIS WORK ENABLE RMI LEADERSHIP TO ENSURE APPROPRIATE COMPENSATION LEVELS FOR CURRENT ROLES AS WELL AS NEW OR RESTRUCTURED JOBS IN THE ORGANIZATION. IN ORDER TO MAINTAIN THE INTEGRITY OF THIS TABLE, MEMBERS OF THE LEADERSHIP TEAM HAVE BEEN EDUCATED ON THE PHILOSOPHY BEHIND AND USE OF THE COMPENSATION STUDY RESULTS. FURTHER, PROCESSES FOR APPROPRIATELY "PRICING" NEW ROLES ARE BEING ESTABLISHED TO ENSURE FUTURE COMPLIANCE. IN 2011, THE ORGANIZATION ENGAGED AN OUTSIDE EXECUTIVE COMPENSATION FIRM TO REVIEW EXECUTIVE COMPENSATION AND PROVIDE AN INTERMEDIATE SANCTIONS LETTER. THIS EXECUTIVE COMPENSATION STUDY YIELDED SOLID DATA CONFIRMING RMI EXECUTIVES ARE PAID APPROPRIATELY FOR NONPROFIT EXECUTIVES IN AN ORGANIZATION OF RMI'S SIZE. CURRENTLY, RMI CONTINUES TO UTILIZE CERTIFIED COMPENSATION PROFESSIONALS TO ENSURE NEW AND MODIFIED POSITIONS OF ALL LEVELS ARE APPROPRIATELY PRICED WITH REGARD TO SALARY AND BONUS. ADDITIONALLY, THE BOARD OF TRUSTEES FORMED A COMPENSATION COMMITTEE IN THE 2ND QUARTER OF 2013 TO ENSURE APPROPRIATE COMPENSATION PRACTICES ARE IN PLACE FOR THE EXECUTIVE LEVEL. THE CHIEF SCIENTIST, CEO AND EXECUTIVE DIRECTOR POSITIONS WERE REVIEWED BY THE OUTSIDE COMPENSATION PROFESSIONALS NOTED ABOVE; THE COMPENSATION COMMITTEE THEN UTILIZED THAT INFORMATION TO HELP ENSURE APPROPRIATE SALARIES AND BONUSES ARE IN PLACE FOR THE INDIVIDUALS IN THOSE POSITIONS. FORM 990, PART VI, SECTION C, LINE 19 RMI'S ARTICLES OF INCORPORATION ARE OF PUBLIC RECORD WITH THE COLORADO SECRETARY OF STATE. ANNUAL REPORTS, IRS FORM 990, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE ON THE RMI WEBSITE (WWW.RMI.ORG). COPIES OF ANY POLICY, INCLUDING BYLAWS, ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: NET ASSETS ACQUIRED IN MERGER WITH CARBON WAR ROOM 5,726,291. CHANGE IN NA OF THE DENVER FOUNDATION 60,340. RMI INNOVATION CENTER LLC 1820 FOLSOM ST BOULDER CO 80302 742244146 MANAGEMENT OF ROCKY MOUNTAIN INSTITUTE INNOVATION CENTER IN BASALT, CO CO ROCKY MOUNTAIN INSTITUTE ROCKY MOUNTAIN INSTITUTE-INTERNATIONAL 1820 FOLSOM ST BOULDER CO 80302 QIAHAI RMI RESEARCH CENTER CO ROCKY MOUNTAIN INSTITUTE C 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0