Rocky Mountain Institute is a 501(c)(3)/509(a)(1) public charity with thousands of loyal supporters. Our financial staff manages an annual budget that has steadily grown to more than $13 million, supporting approximately 80 employees (including interns and fellows). 

2010-2011 Financials

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Rocky Mountain Institute’s fiscal year 2011 financial performance remained strong. While revenues showed a modest decline from FY 2010, continued spending discipline kept operating expenses in check as compared with FY 2010, resulting in a net income for the Institute that exceeded our FY 2011 targets by almost $900K. These outcomes helped RMI to significantly strengthen its balance sheet, reduce liabilities and end the year with net assets of $9.34 million, $1.66 million over the previous fiscal year’s end.

Fiscal year 2011 GAAP revenues of $12.9 million were slightly reduced from our FY 2010 revenues of $13.1 million. A substantial year-over-year decline (-$3.1 million) in grant funding corresponded to the reduction in foundation philanthropic giving; however, individual and corporate contributions showed enormous growth ($4.1 million) over the previous year. Revenues from fees for professional services were also down considerably (-$1.3 million) primarily due to the Research and Consulting group’s concentration on strategic initiatives, particularly Reinventing Fire. Operationally, RMI continued its discipline around general spending with a reduction in total operating expenses of $849K (8%) for FY 2011.

We anticipate that prolonged weakness in the economy, coupled with soft philanthropic conditions will continue to provide a challenging environment for Rocky Mountain Institute. As such we will continue to embrace strategic, cooperative planning with staff, management and other stakeholders to insure a solid, viable Institute. As we move into the new fiscal year, effective management and ongoing stewardship of resources, along with the major emphasis on building the capacity of our development, marketing and communications groups will foster broad institutional engagement helping to influence key audiences, donors and decision makers.

Ned Harvey, Chief Operating Officer
Ed McCullough, Director of Finance

Download the 2010-2011 Annual Report for complete details.

Download RMI's IRS Form 990's from the last 5 years.

2010 IRS Form 990 (Fiscal Year 2011) (PDF-3.4MB)

2009 IRS Form 990 (Fiscal Year 2010) (PDF-2.1MB)

2008 IRS Form 990 (Fiscal Year 2009) (PDF-4.5MB)

2007 IRS Form 990 (Fiscal Year 2008) (PDF-3.7MB)

2006 IRS Form 990 (Fiscal Year 2007) (PDF-4.7MB)