2014-11-03T12:57:45-06:00 2014-06-30 461497033 EKS&H LLLP 7979 E TUFTS AVENUE SUITE 400 DENVER CO 802372521 990 2013-07-01 742244146 ROCKY MOUNTAIN INSTITUTE ROCK 3032451003 1820 FOLSOM STREET BOULDER CO 80302 JULES KORTENHORST CEO 3032451003 2014-10-31 1 DORI J EGGETT P00645252 3037409400 2013 2015-11-30 17:44:51Z JULES KORTENHORST 1820 FOLSOM STREET BOULDER CO 80302 20119393 0 X WWW.RMI.ORG X 1982 CO OUR MISSION IS TO DRIVE THE EFFICIENT AND RESTORATIVE USE OF RESOURCES. 16 13 108 20 0 0 13905792 16217886 2374423 1985012 152083 629269 45082 19621 16477380 18851788 0 0 0 0 8515261 9570591 0 0 1857611 4035557 5750959 12550818 15321550 3926562 3530238 13475076 18910188 1713682 2524549 11761394 16385639 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. 0 0 11063756 1984500 TRANSFORM GLOBAL ENERGY USE TO CREATE A CLEAN, PROSPEROUS, AND SECURE FUTURE. DRIVE SECTOR IMPACT: BUILDINGS - ENVISION ENERGY EFFICIENCY REVOLUTION REDUCING FOSSIL FUEL USE WHILE REVITALIZING REAL-ESTATE SECTOR, CREATING JOBS, AND REVIVING U.S. ECONOMY; ELECTRICITY - ACCELERATE CHANGE OF AGING, FOSSIL FUEL RELIANT, ELECTRICAL SYSTEM TO CLEAN, RELIABLE, AFFORDABLE, CUSTOMER-CENTRIC SYSTEM, USING DISTRIBUTED RENEWABLE RESOURCES; TRANSPORTATION - INCREASE LIGHTWEIGHT, ADVANCED-COMPOSITE MATERIALS AND MANUFACTURING TO ANSWER DESIGN AND AUTO MAKING CHALLENGES FOR SAFE, ULTRALIGHT, EFFICIENT VEHICLES; INDUSTRY - RESOLVE CHALLENGES FOR INDUSTRIAL PROCESSES AND EQUIPMENT TO INCREASE ENERGY EFFICIENCY WHILE INVIGORATING AND DE-RISKING THE SECTOR, CREATING JOBS AND DRIVING GLOBAL COMPETITIVENESS. 1383260 512 COMMUNICATION: THIS GROUP COVERS THE FULL COMPLEMENT OFCOMMUNICATION BY WORKING WITH RMI'S RESEARCH & COLLABORATION STAFF TOCREATE THE NECESSARY PLANS TO SUPPORT THE VARIOUS PROGRAMINITIATIVES AND PROJECTS. A LEAD COMMUNICATIONS PERSON IS PLACEDWITH EACH R&C TEAM TO COORDINATE ALL COMMUNICATIONS ACTIVITIESINCLUDING: CONSULTING REPORTS, WHITE PAPERS, CONFERENCE PAPERS,ANNUAL REPORTS AND BOOKS. ADDITIONALLY, THROUGH WEB, FILM,MULTIMEDIA AND BROADCASTING, THE COMMUNICATIONS GROUP CREATES BOTHIN-HOUSE AND SUBCONTRACTED PRODUCTIONS THAT PROVIDE CONSIDERABLEMEDIA COVERAGE OF RMI'S WORK AND PEOPLE. 12447016 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 0 0 0 0 0 1 49 0 1 108 1 0 0 0 0 0 0 0 0 0 0 X 16 13 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 MICHAEL FAIN 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 CHRIS SAWYER TRUSTEE 1.00 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 354200 0 23684 MICHAEL POTTS FORMER CEO THROUGH 6/28/13 40.00 X X 216138 0 22103 MARTHA PICKETT MANAGING DIRECTOR - LEGAL COUNSEL 40.00 X X 311058 0 21527 JULES KORTENHORST CEO AS OF 9/9/13 40.00 X X 187692 0 12725 ROBERT HUTCHINSON MANAGING DIRECTOR 40.00 X 243187 0 25780 EDWARD HARVEY MANAGING DIRECTOR 40.00 X 246494 0 10340 JON CREYTS MANAGING DIRECTOR 40.00 X 247270 0 23401 JAMES NEWCOMB MANAGING DIRECTOR 40.00 X 216270 0 24534 BRAD MUSHOVIC MANAGING DIRECTOR 40.00 X 192649 0 23578 CAROL NASTA MANAGING DIRECTOR 40.00 X 150464 0 22034 EDGAR MCCULLOUGH CONTROLLER, FINANCE & OPERATIONS 40.00 X 157456 0 23571 LENA HANSEN PRINCIPAL 40.00 X 154473 0 12272 VICTOR OLGYAY PRINCIPAL 40.00 X 144086 0 22050 JULIE LEVINE DIRECTOR OF DEVELOPMENT 40.00 X 138429 0 11512 KENDRA TUPPER PRINCIPAL 40.00 X 128997 0 11716 DANIEL SEIF PRINCIPAL 40.00 X 124657 0 20756 3213520 0 311583 16 0 1 0 ZIMMER GUNSUL FRASCA ARCHITECTS LLP 1223 SW WASHINGTON ST 200 PORTLAND OR 97205 ARCHITECTS 529195 LAWRENCE BERKELEY NATIONAL LABORATORY 1 CYCLOTRON ROAD MS971-SP BERKELEY CA 94720 CONSULTING 250000 MULDAVIN COMPANY INC 44 WATERSIDE CIRCLE SAN RAFAEL CA 94903 CONSULTING 194740 HEIDRICK & STRUGGLES INC 1133 PAYSPHERE CIRCLE CHICAGO IL 60674 RECRUITING 159935 TRUE NORTH MANAGEMENT PO BOX 3645 BASALT CO 81621 NEW BUILDING OWNER'S REP. 120965 9 16217886 814751 16217886 CONSULTING FEES 541610 1896253 1896253 PROJECT REVENUE 541900 72504 72504 RENTAL INCOME 531120 15743 15743 PUBLICATION REVENUE 511190 512 512 1985012 647530 647530 14492 14492 1249344 1267605 -18261 -18261 -18261 OTHER INCOME 900099 5129 5129 5129 18851788 1985012 0 648890 2756155 2217568 70543 468044 5556798 4533948 185898 836952 126843 103769 4432 18642 624862 528141 82653 14068 505933 411020 15684 79229 39863 37870 1993 75417 75417 21708 21708 130477 129563 914 464688 280886 85440 98362 148290 82031 35877 30382 669133 422766 176361 70006 1363747 1247944 39973 75830 84733 57667 17164 9902 24345 18332 3722 2291 279908 210771 42798 26339 42336 42336 CONSULTANTS AND SUBCONT 1598113 1468402 41333 88378 RECRUITING 518975 493039 25936 MISCELLANEOUS 177793 54360 85831 37602 DUES AND SUBSCRIPTIONS 86124 81294 4160 670 25309 25309 15321550 12447016 1016923 1857611 474398 543032 2270386 2506181 300000 3008215 452885 165757 94299 46071 2420 2613 123689 92201 5337008 2253405 1663017 3083603 1482569 2147750 5970555 6622428 640858 692337 13475076 18910188 1567510 2320766 146172 203783 1713682 2524549 X 10374196 11120837 560508 4414797 826690 850005 11761394 16385639 13475076 18910188 X 3530238 314731 779276 X 0 1 X 1 0 X 9868505 10490919 7622879 13905792 16217886 58105981 9868505 10490919 7622879 13905792 16217886 58105981 16995846 41110135 180538 155537 115594 208499 662022 1322190 850 963 1813 12251 -42230 11701 5933 5129 -7216 59422768 12573487 0.69180 0.70810 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2009 AMOUNT: $ 12,251. 2010 AMOUNT: $ -42,230. 2011 AMOUNT: $ 11,701. 2012 AMOUNT: $ 5,933. 2013 AMOUNT: $ 5,129. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 875987 23315 89825 8197 980930 710719 125365 52732 12829 875987 746828 3421 -35339 4191 710719 703870 710 46472 4224 746828 706173 1754 -251 3806 703870 0.86600 0.13400 1 0 86964 86964 2724906 258643 2466263 400914 391673 9241 1653835 1290183 363652 470389 312906 157483 3083603 ASSETS HELD BY THE DENVER FOUNDATION 6622428 F 6622428 CAPITAL LEASE OBLIGATIONS 203783 203783 X 20033778 314731 135000 753967 1203698 18830080 21708 21708 18851788 15409533 135000 135000 15274533 21708 25309 47017 15321550 PART V, LINE 4: ENDOWMENT FUNDS ARE USED TO PROVIDE RMI SUMMER RESEARCH INTERNSHIPS OPPORTUNITIES. PART X, LINE 2: RMI 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, 2014. 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, 2014 AND 2013. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION INCLUDE 2010 THROUGH CURRENT FOR THE FEDERAL RETURN AND 2010 THROUGH CURRENT FOR THE COLORADO RETURN. PART XI, LINE 2D - OTHER ADJUSTMENTS: RESEARCH PRESENTATION MEETING EXPENSES NET AGAINST REVENUE IN FS -25,309. CHANGE IN NET ASSETS HELD AT THE DENVER FOUNDATION 779,276. PART XII, LINE 4B - OTHER ADJUSTMENTS: RESEARCH PRESENTATION MEETING EXPENSES NET AGAINST REVENUE IN FS 25,309. X 1 1 X X X X 0 0 0 0 0 0 0 1 0 AMORY LOVINS CHIEF SCIENTIST 254200 0 100000 0 0 0 13062 0 10622 0 377884 0 0 0 MICHAEL POTTS FORMER CEO THROUGH 6/28/13 136138 0 80000 0 0 0 6833 0 15270 0 238241 0 0 0 MARTHA PICKETT MANAGING DIRECTOR - LEGAL COUNSEL 211058 0 100000 0 0 0 10905 0 10622 0 332585 0 0 0 JULES KORTENHORST CEO AS OF 9/9/13 112692 0 0 0 75000 0 0 0 12725 0 200417 0 0 0 ROBERT HUTCHINSON MANAGING DIRECTOR 201187 0 42000 0 0 0 10510 0 15270 0 268967 0 0 0 EDWARD HARVEY MANAGING DIRECTOR 205494 0 41000 0 0 0 10340 0 0 0 256834 0 0 0 JON CREYTS MANAGING DIRECTOR 197270 0 50000 0 0 0 8131 0 15270 0 270671 0 0 0 JAMES NEWCOMB MANAGING DIRECTOR 176270 0 40000 0 0 0 9264 0 15270 0 240804 0 0 0 BRAD MUSHOVIC MANAGING DIRECTOR 159649 0 33000 0 0 0 8308 0 15270 0 216227 0 0 0 CAROL NASTA MANAGING DIRECTOR 121464 0 29000 0 0 0 6764 0 15270 0 172498 0 0 0 EDGAR MCCULLOUGH CONTROLLER, FINANCE & OPERATIONS 127456 0 30000 0 0 0 8301 0 15270 0 181027 0 0 0 LENA HANSEN PRINCIPAL 124473 0 30000 0 0 0 6380 0 5892 0 166745 0 0 0 VICTOR OLGYAY PRINCIPAL 129086 0 15000 0 0 0 6780 0 15270 0 166136 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, 2015. 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 11 814751 FMV 0 0 0 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: HELD BY DENVER FOUNDATION 779,276.