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.
Form
990
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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Thomas Deyo Chief Executive Officer | Officer | 40 | $214,942 |
Stephen Morel Chief Investment Officer | Officer | 40 | $191,143 |
Bonnie Norman Chair | Trustee | 15 | $0 |
Marcene Mitchell Vice Chair | Trustee | 12 | $0 |
Bob Sahadi Vice Chair | Trustee | 12 | $0 |
Bert Hunter Secretary | Trustee | 12 | $0 |
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 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $778,741 |
Compensation of current officers, directors, key employees. | $361,711 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $34,426 |
Pension plan accruals and contributions | $39,627 |
Other employee benefits | $118,882 |
Payroll taxes | $54,882 |
Fees for services: Management | $0 |
Fees for services: Legal | $18,000 |
Fees for services: Accounting | $43,005 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $89,487 |
Advertising and promotion | $59,828 |
Office expenses | $30,150 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $6,264 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $10,507 |
All other expenses | $0 |
Total functional expenses | $1,392,024 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $20,312 |
Savings and temporary cash investments | $22,811,452 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $225,244 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $21,838 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $1,048,148 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,886 |
Total assets | $24,128,880 |
Accounts payable and accrued expenses | $128,271 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $6,390,374 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $6,518,645 |
Net assets without donor restrictions | $11,970,107 |
Net assets with donor restrictions | $5,640,128 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $24,128,880 |
Over the last fiscal year, we have identified 1 grants that Montgomery County Green Bank Corporation has recieved totaling $150,000.
Awarding Organization | Amount |
---|---|
The Jpb Foundation New York, NY PURPOSE: GREEN BANK AFFORDABLE CLEAN ENERGY FINANCING | $150,000 |
Organization Name | Assets | Revenue |
---|---|---|
Sustainable Energy Utility Inc Dover, DE | $151,005,842 | $34,793,273 |
Solar Energy Industries Association Inc Washington, DC | $18,099,333 | $20,516,160 |
Clasp Washington, DC | $15,465,717 | $16,877,815 |
Environmental Working Group Washington, DC | $14,685,158 | $16,093,379 |
Smart Electric Power Alliance Washington, DC | $18,618,602 | $11,424,998 |
Citizens For Responsible Energy Solutions Inc Washington, DC | $4,760,375 | $5,691,548 |
Urban Sustainability Directors Network Washington, DC | $14,958,599 | $9,810,102 |
National Hydropower Association Inc Washington, DC | $4,290,027 | $5,771,967 |
Institute For Market Transformation Inc Washington, DC | $5,588,466 | $5,620,018 |
Solar United Neighbors Washington, DC | $7,152,492 | $9,177,956 |
Renewable Energy Wildlife Institute Washington, DC | $5,884,881 | $3,402,247 |
Coalition For Green Capital Washington, DC | $1,092,509 | $2,755,500 |