2023-05-11T18:47:59-05:00 2022-06-30 480567703 KCOE ISOM LLP 402 N BROADWAY 4TH FLOOR BILLINGS MT 59101 990 2021-07-01 810235407 ROCKY MOUNTAIN COLLEGE ROCK 4066571000 1511 POLY DR BILLINGS MT 591021796 MELODIE MILROY CHIEF FINANCIAL OFFICER 4066571000 2023-05-10 1 MELODIE MILROY 999009999 KENDRA MORAN P00814196 4062455136 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z MELODIE MILROY 1511 POLY DR BILLINGS MT 591021796 57721003 0 X WWW.ROCKY.EDU X 1947 MT 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. 18 18 734 15 303380 0 14144900 5528518 37379449 38584763 5426357 3207910 176537 288007 57127243 47609198 15987658 15773234 0 0 16115934 15897462 50067 36800 350495 10766330 13177884 42919989 44885380 14207254 2723818 88159868 80874555 18128161 16486259 70031707 64388296 X 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. 0 0 26700597 15773234 35129783 INSTRUCTION - HIGHER EDUCATION PROGRAM LEADING TO A BACCALAUREATE DEGREE OR MASTERS DEGREE IN PROFESSIONAL STUDIES OR LIBERAL ARTS. ROCKY MOUNTAIN COLLEGE SERVES 850 TO 1,100 STUDENTS PER SEMESTER. 7929615 STUDENT SERVICES - DEAN OF STUDENTS ADMINISTRATION, STUDENT ACTIVITIES, PUBLICATIONS, CAREER COUNSELING, FINANCIAL AID, REGISTRAR, ADMISSIONS, STUDENT RECORDS (REGISTRAR), ETC. 3470111 3454980 AUXILIARY SERVICES - STUDENT RESIDENCE HALLS, DINING, BOOKSTORE, SUMMER CAMPS, CONFERENCES, ATHLETICS. 2049661 ACADEMIC SUPPORT - ACADEMIC ADMINISTRATION, LIBRARIES, STUDENT ADVISING, ACADEMIC COMPUTING, ETC. 2049661 40149984 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 0 1 0 1 0 1 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 1 139 0 1 734 1 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 0 0 AK CO MD MA MI NV NH OH OK OR SC WA WI DC NY PA X MELODIE MILROY 4066571000 1511 POLY DR BILLINGS MT 591021796 MIKE WALKER BOARD MEMBER 1.00 X 0 0 0 REV MARC STEWART BOARD MEMBER 1.00 X 0 0 0 REV GEORGE GOODRICH BOARD MEMBER 1.00 X 0 0 0 LYNETTE SCOTT BOARD MEMBER 1.00 X 0 0 0 KATIE LEHMAN BOARD MEMBER 1.00 X 0 0 0 BARB SKELTON BOARD MEMBER 1.00 X 0 0 0 JIM WINCHELL BOARD MEMBER 1.00 X 0 0 0 REV DEBORAH CHRISTINE BOARD MEMBER 1.00 X 0 0 0 DENA JOHNSON BOARD MEMBER 1.00 X 0 0 0 KELLY COLEMAN BOARD MEMBER 1.00 X 0 0 0 GREG MCDONALD CHAIRMAN 1.00 X X 0 0 0 RICH ST JOHN BOARD MEMBER 1.00 X 0 0 0 LYLE KNIGHT BOARD MEMBER 1.00 X 0 0 0 PETE TAYLOR BOARD MEMBER 1.00 X 0 0 0 SCOTT ELLNER BOARD MEMBER 1.00 X 0 0 0 MEGAN KONGAIKA BOARD MEMBER 1.00 X 0 0 0 STEVE LOVELESS BOARD MEMBER 1.00 X 0 0 0 JOHN EISENHAUER BOARD MEMBER 1.00 X 0 0 0 ANTHONY PILTZ PROFESSOR, ACCOUNTING/PROV 40.00 X 133662 0 13040 AUSTIN MAPSTON VICE PRESIDENT FOR ENROLLM 40.00 X 107019 0 11875 BRAD NASON VICE PRESIDENT/DEAN FOR ST 40.00 X 114860 0 12388 MELODIE MILROY CFO/TREASURER 40.00 X 142838 0 14795 ERIN RESER ACADEMIC VICE PRESIDENT 40.00 X 97790 0 11140 ROBERT WILMOUTH PRESIDENT 40.00 X 86733 0 15777 TWYLLA KIRCHEN DIRECTOR, OTD PROGRAM 40.00 X 151755 0 16180 HEATHER HEGGEM DIRECTOR, PHYSICIAN ASSIST 40.00 X 139616 0 7260 DANIEL HARGROVE PROFESSOR, AVIATION 40.00 X 109769 0 5749 ADAM MATTINGLY ASSISTANT PROFESSOR MPAS 40.00 X 125602 0 12772 1209644 0 120976 8 0 1 0 MERRILL LYNCH PO BOX 30917 BILLINGS MT 591079971 INVESTMENT MANAGEMENT 4952849 SODEXO INC & AFFILIATES 1511 POLY DRIVE BILLINGS MT 59102 FOOD SERVICES 1225353 COMMERCIAL ROOFING PO BOX 80861 BILLINGS MT 59108 ROOF 529795 K2 CIVIL INC 6611 TRADE CENTER AVE BILLINGS MT 59101 ENGINEERING 369889 ENCODE CORPORATION 111 FLORINE LANE BILLINGS MT 59101 HVAC 352220 15 299168 3522198 1707152 90333 5528518 TUITION AND FEES 611600 35119671 35119671 RESIDENCE HALLS 721000 1804462 1804462 CAFETERIA/DINING 722514 943287 943287 OTHER 611710 330897 330897 COMMUNITY SERVICES 611710 206200 206200 180246 180246 38584763 936464 936464 4901 4901 901 32373 -31472 -31472 -31472 12075171 187488 9994012 -2799 2081159 190287 2271446 2271446 78396 299168 79257 -861 -861 21021 8962 12059 12059 CAMPS 721310 187233 187233 HEALTH CLUB 713940 114397 114397 ADVERTISING 541800 1196 1196 554 554 303380 47609198 38584763 303380 3192537 15773234 15773234 960516 469762 399709 91045 11514846 10872103 589193 53550 437527 400884 29592 7051 2033865 1217345 812387 4133 950708 837151 101091 12466 57893 2500 55393 58495 58495 36800 36800 302833 302833 1542529 1097571 408489 36469 287329 254914 16474 15941 2629778 2516793 77962 35023 533735 264885 232134 36716 1586691 1388961 195267 2463 1347665 1296154 42657 8854 49970 47753 2217 469117 146122 322995 2193425 2193425 542442 207049 335393 OTHER EXPENSES 1169734 1155284 6424 8026 MEMBERSHIP FEES 278696 231063 45675 1958 BAD DEBT EXPENSE 127552 18464 109088 INDIRECT COSTS ALLOCATI 0 -241433 241433 44885380 40149984 4384901 350495 6486403 7077569 38570 10071 601208 453250 312641 181337 833663 852630 68275636 38442266 29150166 29833370 44211698 36958787 6525519 5507541 88159868 80874555 2526998 2340513 1583218 1273087 12471996 11676148 1545949 1196511 18128161 16486259 X 19558881 23862718 50472826 40525578 70031707 64388296 88159868 80874555 X 2723818 -9437981 1041865 28887 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 390051 X 0 39322643 623454 -521557 1375900 654300 322760 37071580 32883434 5178265 3399282 1332145 509655 296538 39322643 32055243 570413 2022295 1081310 416665 266542 32883434 30891015 134081 2793224 1030275 473080 259722 32055243 29722840 152468 2673323 920855 485230 251531 30891015 0.04347 0.83834 0.11819 0 0 288000 110978 398978 436780 48785531 24416053 24806258 3809155 2043340 1765815 14455140 11982873 2472267 189536 200516 390052 29833370 FUNDS HELD IN TRUST 5507541 5507541 STUDENT DEPOSITS 734939 ANNUITY LIABILITIES 130120 FEDERAL PERKINS STUDENT LOAN PROGRAM 331452 1196511 22224702 -9437981 149479 -9288502 31513204 16095994 16095994 47609198 28909978 120592 120592 28789386 16095994 16095994 44885380 PART III, LINE 4: THE COLLEGE'S COLLECTIONS OF ART ARE HELD FOR PUBLIC EXHIBITIONS AND EDUCATION. PART V, LINE 4: APPROXIMATELY TWO THIRDS OF THE VALUE OF THE ENDOWMENT FUNDS IS COMMITTED TO SUPPORT SCHOLARSHIPS. THE REMAINING ENDOWMENT FUNDS, INCLUDING THE MODEST BOARD-DESIGNATED FUNDS, SUPPORT THE GENERAL OPERATIONS OF THE COLLEGE. SOME OF THE INCOME FROM THESE LATTER ENDOWMENT IS RESTRICTED FOR THINGS SUCH AS BUILDING AND GROUNDS MAINTENANCE, LIBRARY RESOURCES, SPECIFIC ACADEMIC PROGRAMS AND ACADEMIC CHAIRS. PART XI, LINE 2D - OTHER ADJUSTMENTS: RAFFLE PRIZES 8,962. RENTAL EXPENSES 32,373. SPECIAL EVENT EXPENSES 79,257. CHANGE IN SPLIT INTEREST AGREEEMENT 28,887. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 15,773,234. ENDOWMENT EXPENSES REALLOACTED TO INCOME 322,760. PART XII, LINE 2D - OTHER ADJUSTMENTS: RAFFLE PRIZES 8,962. RENTAL EXPENSES 32,373. SPECIAL EVENT EXPENSES 79,257. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS AND GRANTS 15,773,234. ENDOWMENT EXPENSES REALLOCATED TO INCOME 322,760. SCHEDULE D PART XI LINE 2D SPECIAL EVENT EXPENSES AND RAFFLE PRIZES WERE INCLUDED WITH EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. SPECIAL EVENT EXPENSES AND RAFFLE PRIZES ARE REPORTED NET OF FUNDRAISING REVENUE ON THE FORM 990. RENTAL EXPENSES WERE INCLUDED WITH EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. RENTAL EXPENSES ARE REPORTED NET OF RENTAL INCOME ON THE FORM 990. SCHEDULE D PART XII LINE 2D SPECIAL EVENT EXPENSES AND RAFFLE PRIZES WERE INCLUDED WITH EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. SPECIAL EVENT EXPENSES AND RAFFLE PRIZES ARE REPORTED NET OF FUNDRAISING REVENUE ON THE FORM 990. RENTAL EXPENSES WERE INCLUDED WITH EXPENSES IN THE AUDITED FINANCIAL STATEMENTS. RENTAL EXPENSES ARE REPORTED NET OF RENTAL INCOME ON THE FORM 990. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 ROCKY MOUNTAIN COLLEGE CATALOG - "ROCKY MOUNTAIN COLLEGE DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, SEX, RELIGION, NATIONAL ORIGIN, CITIZENSHIP, AGE, DISABILITY, OR SEXUAL ORIENTATION IN ADMISSIONS OR ITS POLICIES AND/OR PROGRAMS, EMPLOYMENT OR OTHER ACTIVITIES." SCHEDULE E, PART I, LINE 6 ROCKY MOUNTAIN COLLEGE RECEIVED MONEY FROM THE FEDERAL TITLE IV PROGRAM. OTHER MISCELLANEOUS GRANTS FROM FEDERAL AND STATE GOVERNMENTS ARE ALSO RECEIVED BY ROCKY MOUNTAIN COLLEGE FOR EDUCATION AND RESEARCH PURPOSES. SOUTH AMERICA 0 0 PROGRAM SERVICES ENVIRONMENTAL SCIENCE TRIP 47142 0 0 0 0 0 0 47142 0 47142 0 0 0 0 0 0 PART III ACCOUNTING METHOD: X X X X X X X 1 HANOVER RESEARCH COUNCIL 4401 WILSON BLVD 4TH FLOOR ARLINGTON VA 22203 RESEARCH AND ANALYTICS 0 0 36800 0 36800 AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY BLACK TIE BLUE JEANS AUCTION 360903 298193 62710 13417 900 54109 BEAR BASH DINNER 12741 975 11766 126 2345 1062 1 3920 3920 4200 1164 1935 377564 299168 78396 17743 3509 900 57106 79258 -862 21021 6169 2793 0 21021 6169 2793 8962 12059 MT 0 ROCKY MOUNTAIN COLLEGE HOLDS VARIOUS RAFFLES THROUGHOUT THE YEAR. ROCKY MOUNTAIN COLLEGE APPLIES WITH THE STATE OF MONTANA TO CONDUCT RAFFLES, WHICH IS DONE ANNUALLY. 0 0 0 1.00000 MELODIE MILROY 1511 POLY DR BILLINGS MT 59101 0 0 1 PELL GRANTS 261 1128112 RMC GRANTS 804 14447600 SEOG GRANTS 181 193750 TEACH GRANTS 1 3772 PART I, LINE 2: ROCKY MOUNTAIN COLLEGE AWARDS FINANCIAL AID WHICH COMES FROM FEDERAL AND STATE FUNDS, ENDOWMENT FUNDS, DONATIONS, ETC. THE STUDENTS ARE SELECTED BASED ON THE INDIVIDUAL FUND REQUIREMENTS AND IS POSTED TO THEIR ACCOUNT AS A REDUCTION. IF FUNDS EXCEED TUITION AND FEES, THE STUDENT IS GIVEN THE EXTRA FUNDS FOR LIVING EXPENSES. X 1 1 X X X X 0 0 0 0 0 0 0 0 0 TWYLLA KIRCHEN DIRECTOR, OTD PROGRAM 151755 0 0 0 0 0 7687 0 8493 0 167935 0 0 0 MELODIE MILROY CFO/TREASURER 142838 0 0 0 0 0 6062 0 8733 0 157633 0 0 0 PART I, LINE 1A DUES WERE PAID FOR MEMBERSHIPS IN SOCIAL AND CIVIC CLUBS FOR ROBERT WILMOUTH. THESE CLUB VENUES ARE USED TO NETWORK AND SOLICIT DONATIONS FOR THE COLLEGE. NONE OF THE DUES ARE TREATED AS TAXABLE COMPENSATION. PART I, LINE 3 A COMPENSATION COMMITTEE FORMED BY TRUSTEES OF THE COLLEGE DETERMINES THE SALARY OF THE PRESIDENT, WHICH IS THEN APPROVED BY THE BOARD OF TRUSTEES. THE PROCESS FOR DETERMINING COMPENSATION USES OUTSIDE SOURCES SUCH AS CUPA-HR ADMINISTRATIVE COMPENSATION SURVEY AS WELL AS INFORMATION AND REPORTING FROM THE CHRONICLE OF HIGHER EDUCATION. A CITY OF BILLINGS MT 816001237 2011-03-31 2610868 PNC ENERGY PERFORMANCE AUDIT 0 0 0 B CITY OF BILLINGS MT 816001237 2004-02-18 10200000 2004 HIGHER ED NOTE 0 0 0 A 1166026 2610868 52000 2610868 0 0 1 1 B 4875119 10200000 204000 5765700 4230300 0 0 1 1 A 0 0 0 0 0 0 0 B 0 0 0 0 0 0 0 A 1 0 0 0 0 0 B 1 0 0 0 0 0 A 0 B 0 X 3 41164 FAIR MARKET VALUE X AUCTION ITEMS 0 49169 FAIR MARKET VALUE 0 1 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE AUDIT COMMITTEE ELECTRONICALLY. THE AUDIT COMMITTEE DISCUSSES ANY QUESTIONS AND/OR COMMENTS WITH THE FINANCIAL STAFF. ONCE APPROVAL IS GIVEN THROUGH THE AUDIT COMMITTEE, THE RETURN IS FILED. THE APPROVAL IS COMMUNICATED TO THE FULL BOARD OF TRUSTEES AND EACH TRUSTEE MAY RECEIVE A COPY OF THE RETURN UPON REQUEST. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY, TRUSTEES, OFFICERS AND MANAGEMENT EMPLOYEES COMPLETE A CONFLICT OF INTEREST FORM LISTING ANY CONFLICTS THEY MAY HAVE. IF TRUSTEES HAVE A CONFLICT OF INTEREST, THEY ARE NOT ALLOWED TO VOTE ON ANY ISSUES THAT ARE RELATED TO THEIR CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A COMPENSATION FOR THE PRESIDENT OF ROCKY MOUNTAIN COLLEGE IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES. COMPARABLE INFORMATION FROM CUPA-HR ADMNISTRATIVE COMPENSATION SURVEY AND CHRONICLE OF HIGHER EDUCATION ARE USED TO HELP DETERMINE THE SALARY. FORM 990, PART VI, SECTION C, LINE 19 POLICIES ARE AVAILABLE ON THE ROCKY MOUNTAIN COLLEGE WEBSITE. GOVERNING DOCUMENTS AND 990'S ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN SPLIT INTEREST AGREEMENT 28,887. 990 PART XII, LINE 2C-OVERSIGHT OF AUDIT ROCKY MOUNTAIN COLLEGE HAS AN AUDIT COMMITTEE THAT MAINTAINS OVERSIGHT OF THE AUDIT. NO CHANGE TO THIS PROCESS FROM PRIOR YEAR REPORTING.