Montgomery County Green Bank Corporation

Organization Overview

Montgomery County Green Bank Corporation is located in Rockville, MD. The organization was established in 2017. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 06/2022, Montgomery County Green Bank Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montgomery County Green Bank Corporation 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 06/2022, Montgomery County Green Bank Corporation generated $933.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.7%) each year. All expenses for the organization totaled $1.4m during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

MONTGOMERY COUNTY GREEN BANK CORPORATION IS MAKING ENERGY EFFICIENCY AND CLEAN ENERGY ATTAINABLE FOR ALL IN OUR COMMUNITY AND CREATING A MORE SUSTAINABLE AND RESILIENT FUTURE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE MONTGOMERY COUNTY GREEN BANK IS A PUBLICLY-CHARTERED NONPROFIT DEDICATED TO ACCELERATING AFFORDABLE ENERGY EFFICIENCY AND CLEAN ENERGY INVESTMENT IN MONTGOMERY COUNTY, MD. WE PARTNER WITH THE PRIVATE SECTOR TO BUILD A MORE DIVERSE, EQUITABLE, AND INCLUSIVELY PROSPEROUS,RESILIENT, SUSTAINABLE, AND HEALTHY COMMUNITY. OUR WORK SUPPORTS MONTGOMERY COUNTY'S GOAL TO REDUCE ITS GREENHOUSE GAS EMISSIONS.


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Board, Officers & Key Employees

Name (title)Compensation
Thomas Deyo
Chief Executive Officer
$214,942
Stephen Morel
Chief Investment Officer
$191,143
Bonnie Norman
Chair
$0
Marcene Mitchell
Vice Chair
$0
Bob Sahadi
Vice Chair
$0
Bert Hunter
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$780,753
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$780,753
Total Program Service Revenue$98,071
Investment income $54,307
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $933,131

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Montgomery County Green Bank Corporation has recieved totaling $150,000.

Awarding OrganizationAmount
The Jpb Foundation

New York, NY

PURPOSE: GREEN BANK AFFORDABLE CLEAN ENERGY FINANCING

$150,000
View Grant Recipient Profile

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