Form 990 for tax year 2023
Filed by MONTGOMERY COUNTY GREEN BANK CORP.
Totals
- Total revenue
- $20,777,761
- Total expenses
- $4,625,405
- Contributions and grants received
- $635,157
- Grants paid
- $0
- Program service revenue
- $311,939
- Investment income
- $1,619,633
- Other revenue
- $18,211,032
- Total assets, end of year
- $57,473,798
- Total liabilities, end of year
- $6,862,902
- Net assets or fund balances, end of year
- $50,610,896
- Program services expenses (Part IX)
- $3,742,221
- Management and general expenses
- $822,860
- Fundraising expenses
- $60,324
- Program service expenses (Part III)
- $3,742,221
Program services were 80.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$635,157
-
2a · Program service revenue: PROGRAM REVENUE
total $311,939 · related or exempt $311,939
-
3 · Investment income
total $1,619,633 · related or exempt $1,619,633
-
11a · Other revenue: ENERGY TAX REVENUE
total $18,211,032 · related or exempt $18,211,032
-
11e · Other revenue, total
$18,211,032
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,568,572 · program services $1,019,571 · management and general $517,629 · fundraising $31,372
-
7 · Other salaries and wages
total $217,399 · program services $141,311 · management and general $71,741 · fundraising $4,347
-
8 · Pension plan contributions
total $56,536 · program services $36,748 · management and general $18,657 · fundraising $1,131
-
9 · Other employee benefits
total $169,604 · program services $110,243 · management and general $55,969 · fundraising $3,392
-
10 · Payroll taxes
total $116,211 · program services $75,537 · management and general $38,350 · fundraising $2,324
-
11b · Fees: legal
total $33,330 · program services $24,998 · management and general $7,999 · fundraising $333
-
11c · Fees: accounting
total $138,967 · program services $104,225 · management and general $33,352 · fundraising $1,390
-
11g · Fees: other
total $63,409 · program services $47,557 · management and general $15,218 · fundraising $634
-
12 · Advertising and promotion
total $131,669 · program services $111,918 · management and general $5,267 · fundraising $14,484
-
13 · Office expenses
total $101,154 · program services $67,773 · management and general $33,381
-
16 · Occupancy
total $45,861 · program services $29,810 · management and general $15,134 · fundraising $917
-
23 · Insurance
total $30,798 · program services $20,635 · management and general $10,163
-
24a · Other expenses: PRODUCT DEVELOPMENT
total $1,080,549 · program services $1,080,549
-
24b · Other expenses: BAD DEBT EXPENSE
total $832,094 · program services $832,094
-
24c · Other expenses: LOSS ON LOAN FORGIVENES
total $39,252 · program services $39,252
Balance sheet
Part X, book values.
-
2 · Savings and temporary cash investments
beginning of year $31,368,833 · end of year $27,197,836
-
4 · Accounts receivable
beginning of year $2,727,389 · end of year $2,993,288
-
9 · Prepaid expenses and deferred charges
beginning of year $22,228 · end of year $65,747
-
12 · Investments: other securities
beginning of year $6,970,712 · end of year $27,214,041
-
15 · Other assets
beginning of year $1,886 · end of year $2,886
-
17 · Accounts payable and accrued expenses
beginning of year $242,134 · end of year $472,528
-
21 · Escrow or custodial account liability
beginning of year $6,390,374 · end of year $6,390,374
-
27 · Net assets without donor restrictions
beginning of year $27,093,964 · end of year $41,213,942
-
28 · Net assets with donor restrictions
beginning of year $7,364,576 · end of year $9,396,954
Mission and programs · 2023
Mission
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.
-
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.
Expenses $3,742,221
As filed on the 2023 return.
Listed in Part VII
-
Julie AbramsJULIE ABRAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Hope BrownHOPE BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
William BumpersWILLIAM BUMPERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
David CrowDAVID CROW
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kyle DanishKYLE DANISH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 12
-
Bert HunterBERT HUNTER
SECRETARY
- Total calculated
- $0
- Hours/week
- 12
-
Andrea LongtonANDREA LONGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Brian MarconiBRIAN MARCONI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Zach MarksZACH MARKS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Marcene MitchellMARCENE MITCHELL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 12
-
Jon MongerJON MONGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Bonnie NormanBONNIE NORMAN
CHAIR
- Total calculated
- $0
- Hours/week
- 12
-
Marissa RamirezMARISSA RAMIREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 12
-
Bob SahadiBOB SAHADI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stacy SwannSTACY SWANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 12
-
Stephen MorelSTEPHEN MOREL
CHIEF EXECUTIVE OFFICER
- Total calculated
- $267,097
- From this org
- $253,897
- From related orgs
- $0
- Other
- $13,200
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $227,722
- Bonus
- $19,500
- Other
- $6,675
- Deferred
- $13,200
- Nontaxable benefits
- $0
- Filer's total
- $267,097
-
Mariann ZylstraMARIANN ZYLSTRA
CHIEF CREDIT OFFICER
- Total calculated
- $145,828
- From this org
- $139,096
- From related orgs
- $0
- Other
- $6,732
- Hours/week
- 40
-
Timothy ZhangTIMOTHY ZHANG
CHIEF INVESTMENT OFFICER
- Total calculated
- $0
- Hours/week
- 40
-
Xxxxx XxxxXXXXX XXXX
DIRECTOR, RENEWABLES
- Total calculated
- $138,957
- From this org
- $132,057
- From related orgs
- $0
- Other
- $6,900
- Hours/week
- 40
-
Xxxxx XxxxXXXXX XXXX
SENIOR DIRECTOR, COMMERCIAL
- Total calculated
- $169,434
- From this org
- $161,754
- From related orgs
- $0
- Other
- $7,680
- Hours/week
- 40
-
Xxxxx XxxxXXXXX XXXX
SENIOR MANAGER, PORTFOLIO
- Total calculated
- $129,107
- From this org
- $122,507
- From related orgs
- $0
- Other
- $6,600
- Hours/week
- 40
-
Xxxxx XxxxXXXXX XXXX
DIRECTOR, PROGRAMS
- Total calculated
- $133,605
- From this org
- $127,005
- From related orgs
- $0
- Other
- $6,600
- Hours/week
- 40
-
Xxxxx XxxxXXXXX XXXX
DIRECTOR, COMMUNICATIONS
- Total calculated
- $141,904
- From this org
- $135,304
- From related orgs
- $0
- Other
- $6,600
- Hours/week
- 40
-
Sara Jean MoyerSARA JEAN MOYER
SENIOR DIRECTOR, FINANCE AND ADMINISTRATION
- Total calculated
- $145,758
- From this org
- $138,498
- From related orgs
- $0
- Other
- $7,260
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $115,131
- Bonus
- $10,500
- Other
- $12,867
- Deferred
- $7,260
- Nontaxable benefits
- $0
- Filer's total
- $145,758
-
Thomas DeyoTHOMAS DEYO
CHIEF EXECUTIVE OFFICER
- Total calculated
- $138,733
- From this org
- $138,733
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,733
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $138,733
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Itemized on Schedule J with no Part VII listing of the same name on this return:
-
Xxxxx XxxxXXXXX XXXX
SENIOR DIRECTOR, COMMERCIAL
Schedule J breakdown
- Base
- $126,881
- Bonus
- $11,660
- Other
- $23,213
- Deferred
- $7,680
- Nontaxable benefits
- $0
- Filer's total
- $169,434
Answered yes
- 3 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 7
- THE FOLLOWING INDIVIDUALS RECEIVED A BONUS DURING THE YEAR ENDED JUNE 30, 2024: STEPHEN MOREL, CHIEF EXECUTIVE OFFICER: $19,500 MARIANN ZYLSTRA, CHIEF CREDIT OFFICER: $12,000 SARA JEAN MOYER, SENIOR DIRECTOR, FINANCE AND ADMINISTRATION (FORMER): $10,500 SENIOR DIRECTOR, COMMERCIAL: $11,660 DIRECTOR, RENEWABLES: $10,000 SENIOR MANAGER, PORTFOLIO: $9,800 DIRECTOR, PROGRAMS: $9,500 DIRECTOR, COMMUNICATIONS: $9,500
- PART I, LINE 3:
- APPROVED IN ADVANCE BY APPROVAL BODY COMPOSED ENTIRELY OF INDIVIDUALS WHO DO NOT HAVE CONFLICTS OF INTEREST WITH RESPECT TO THE COMPENSATION ARRANGEMENT. DATA DEMONSTRATING FAIR MARKET OF COMPENSATION IS USED, WHICH MAY INCLUDE EXPERT COMPENSATION STUDIES BY INDEPENDENT FIRMS, WRITTEN JOB OFFERS FOR POSITIONS AT SIMILAR ORGANIZATIONS, DOCUMENTED PHONE CALLS ABOUT SIMILAR POSITIONS AT OTHER ORGANIZATIONS, OR INFORMATION OBTAINED FROM IRS FORM 990 FILINGS OF SIMILAR ORGANIZATIONS. THE APPROVAL BODY CONCURRENTLY DOCUMENTS HOW IT REACHED ITS DECISIONS, INCLUDING DATA ON WHICH IT RELIED.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 12 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202413179349307311
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