Rocky Mountain College
- Assets
- $75.3m
- Revenue
- $42.0m
- Investments
- $0.0
- Employees
- 762
- Location
- Billings, MT
- Founding
- 04/1950
- Data as of
- 06/2020
- EIN
- 81-0235407
Organization Overview
Rocky Mountain College is located in Billings, MT. The organization was established in 1950. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, under the broad grouping of Education and related organizations. As of 06/2021, Rocky Mountain College employed 762 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rocky Mountain College is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2020, Rocky Mountain College generated $42.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.2% each year. All expenses for the organization totaled $42.5m during the year ending 06/2020. While expenses have increased by 2.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
STUDENT SERVICES - DEAN OF STUDENTS ADMINISTRATION, STUDENT ACTIVITIES, PUBLICATIONS, CAREER COUNSELING, FINANCIAL AID, REGISTRAR, ADMISSIONS, STUDENT RECORDS (REGISTRAR), ETC.
AUXILIARY SERVICES - STUDENT RESIDENCE HALLS, DINING, BOOKSTORE, SUMMER CAMPS, CONFERENCES, ATHLETICS.
ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, STUDENT ADVISING, ACADEMIC COMPUTING, ETC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Twylla Kirchen Director, Otd Program | 40 | $139,023 | |
Heather Heggem Director, Physician Assist | 40 | $138,699 | |
Melodie Milroy Cfo/treasurer | Officer | 40 | $135,231 |
Anthony Piltz Professor, Accounting/provost | Officer | 40 | $133,662 |
Adam Mattingly Assistant Professor Mpas | 40 | $125,662 | |
Tyler Wiltgen Vice President Of Advancem | Officer | 40 | $123,211 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Merrill Lynch Investment Management | 6/29/21 | $361,651 |
Encode Corporation Hvac | 6/29/21 | $251,655 |
Langlas & Associates Construction | 6/29/21 | $466,539 |
Ultra Graphics Printing Services | 6/29/21 | $188,471 |
Sodexo Inc & Affiliates Food Services | 6/29/21 | $899,352 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,064,682 |
| Investment income | $911,405 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $3,581 |
| Net Rental Income | -$31,801 |
| Net Gain/Loss on Asset Sales | $400,358 |
| Net Income from Fundraising Events | -$31,150 |
| Net Income from Gaming Activities | $6,245 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $42,030,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $15,544,124 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $659,450 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,903,081 |
| Pension plan accruals and contributions | $439,147 |
| Other employee benefits | $2,028,277 |
| Payroll taxes | $891,590 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,550 |
| Fees for services: Accounting | $55,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $42,083 |
| Fees for services: Investment Management | $246,285 |
| Fees for services: Other | $1,255,452 |
| Advertising and promotion | $347,293 |
| Office expenses | $2,238,318 |
| Information technology | $406,869 |
| Royalties | $0 |
| Occupancy | $1,333,275 |
| Travel | $1,227,909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,182 |
| Interest | $565,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,992,384 |
| Insurance | $513,989 |
| All other expenses | $0 |
| Total functional expenses | $42,524,214 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,151,392 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $81,490 |
| Accounts receivable, net | $725,279 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $551,388 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $595,519 |
| Investments—publicly traded securities | $33,197,034 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,313,113 |
| Total assets | $75,298,645 |
| Accounts payable and accrued expenses | $2,157,563 |
| Grants payable | $0 |
| Deferred revenue | $1,351,253 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $18,071,590 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,875,475 |
| Total liabilities | $23,455,881 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $51,842,764 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Rocky Mountain College has recieved totaling $33,250.
| Awarding Organization | Amount |
|---|---|
First Interstate Bancsystem Foundation Inc Billings, MT PURPOSE: GENERAL OPERATING SUPPORT | $32,250 |
Andrew And Paulette Laszlo Foundation Inc Billings, MT PURPOSE: PHILANTHROPIC PURPOSES | $1,000 |
Endowment Analysis
| Beg. Balance | $32,883,434 |
| Earnings | $3,399,282 |
| Admin Expense | $296,538 |
| Net Contributions | $5,178,265 |
| Other Expense | $509,655 |
| Grants | $1,332,145 |
| Ending Balance | $39,322,643 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Augustana University Association Sioux Falls, SD | $281,200,572 | $99,152,573 |
The College Of Idaho Inc Caldwell, ID | $172,477,776 | $58,915,354 |
Northwest Nazarene University Inc Nampa, ID | $150,539,904 | $62,049,602 |
Carroll College Helena, MT | $143,834,789 | $63,598,809 |
University Of Jamestown Jamestown, ND | $90,603,412 | $44,320,991 |
Rocky Mountain College Billings, MT | $75,298,645 | $42,030,669 |
University Of Sioux Falls Sioux Falls, SD | $85,542,086 | $32,808,257 |
Mount Marty University Yankton, SD | $70,710,505 | $31,955,448 |
Dakota Wesleyan University Mitchell, SD | $90,960,221 | $27,499,766 |
Turtle Mountain Community College Inc Belcourt, ND | $74,108,632 | $32,502,071 |
Presentation College Aberdeen, SD | $36,433,181 | $19,581,252 |
Sitting Bull College Fort Yates, ND | $37,837,044 | $15,828,392 |