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Where Your Money Goes

Fiscal year 2012 was a financially challenging year for Rocky Mountain Institute.  After successive years of sustained total revenue growth, this year marked a drop in philanthropic support.  As this shift became apparent to management, the budget was revised and spending disciplines were modified to minimize the impact of the shortfall.  RMI had built cash reserves in the previous few years, but ended this year with net assets of $7.56 million, $1.78 million less than the previous fiscal year’s end.