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Montgomery County Green Bank Corporation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 812179565 ✦ Rockville, MD ✦ Designated as a 501(c)(3)

Overview

What is Montgomery County Green Bank Corporation?

The Montgomery County Green Bank Corporation is a publicly-chartered, nonprofit organization based in Rockville, Maryland. With a mission to foster affordable energy efficiency and clean energy investments in Montgomery County, this entity collaborates with the private sector to build a more diverse, equitable, and inclusive community. The organization's work supports Montgomery County's goal to reduce greenhouse gas emissions and is dedicated to making energy efficiency and clean energy accessible to all residents. The Montgomery County Green Bank Corporation currently employs a team of 13 individuals and works towards creating a more sustainable and resilient future for the community.


Official website here: www.mcgreenbank.org

Is Montgomery County Green Bank Corporation legitimate?

Montgomery County Green Bank Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery County Green Bank Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,274,626
Professional Fundraising Fees: $0
Other Salaries and Wages: $143,616

For more financial information, click here


Official website here: www.mcgreenbank.org

What is the mission statement of Montgomery County Green Bank Corporation?

The Montgomery County Green Bank Corporation is a non-profit organization dedicated to making energy efficiency and clean energy accessible to all members of the community. Through partnerships with the private sector, the corporation aims to build a more equitable, prosperous, and sustainable future. By accelerating affordable energy efficiency and clean energy investments, the organization contributes to reducing greenhouse gas emissions and creating a more resilient community. The Montgomery County Green Bank Corporation is committed to supporting its community's goal of a more sustainable and healthier future.


Official website here: www.mcgreenbank.org

Who is the CEO of Montgomery County Green Bank Corporation?

Stephen Morel is the Chief Executive Officer of Montgomery County Green Bank Corporation. The CEO's salary of Montgomery County Green Bank Corporation is $197,827 and their total compensation is $209,137.


Official website here: www.mcgreenbank.org

What is the revenue of Montgomery County Green Bank Corporation?

Montgomery County Green Bank Corporation's revenue in 2023 was $19,408,579.


Official website here: www.mcgreenbank.org

Who are the executives of Montgomery County Green Bank Corporation and what are their salaries?

The average compensation at Montgomery County Green Bank Corporation during 2023 was $109,096. There are 13 employees at Montgomery County Green Bank Corporation.

Here are 13 key members and their salaries (Montgomery County Green Bank Corporation's CEO's salary is $197,827 and their total compensation is $209,137):

    Thomas Deyo (Chief Executive Officer)
  • Compensation: $203,633
  • Related: $0
  • Other: $12,364

    • Stephen Morel (Chief Executive Officer)
  • Compensation: $197,827
  • Related: $0
  • Other: $11,310

    • Bonnie Norman (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marcene Mitchell (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bob Sahadi (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Bert Hunter (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Coveyou (Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adrianna Hochberg (Ex-Officio) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Stacy Swann (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kyle Danish (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brian Marconi (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marissa Ramirez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Zach Marks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.mcgreenbank.org

    Where can I find the form 990 for Montgomery County Green Bank Corporation?

    The Montgomery County Green Bank Corporation’s most recent form 990 was submitted in 2023 and can be accessed here


    Official website here: www.mcgreenbank.org

    Learn more at the official website: www.mcgreenbank.org

    Mission Statement of Montgomery County Green Bank Corporation

    Montgomery County Green Bank Corporation is a publicly-chartered nonprofit organization dedicated to accelerating affordable energy efficiency and clean energy investments within the community. Through partnerships with the private sector, the Corporation aims to build a more diverse, equitable, and inclusively prosperous, resilient, sustainable, and healthy community. By making energy efficiency and clean energy attainable for all, Montgomery County Green Bank Corporation contributes to reducing the community's greenhouse gas emissions and creating a more sustainable and resilient future. The Corporation's mission is to create a positive impact on the environment and the lives of the residents by promoting affordable energy solutions and fostering a greener economy. As a key player in Montgomery County's efforts to address climate change and promote energy efficiency, Montgomery County Green Bank Corporation is committed to creating a more equitable and inclusive community where every individual can thrive.

    Impact

    This information is meant to be a general summary of Montgomery County Green Bank Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    The Montgomery County Green Bank Corporation is dedicated to accelerating affordable energy efficiency and clean energy investment in Montgomery County, MD. By partnering with the private sector, they are building a more diverse, equitable, prosperous, resilient, sustainable, and healthy community. Their work is instrumental in supporting Montgomery County's goal to reduce greenhouse gas emissions. This impact is essential in creating a more sustainable and resilient future for the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $686,662
  • Program Service Revenue: $130,016
  • Gross Receipts: $19,408,579

    • Assets and Liabilities:
  • Total Assets: $41,091,048
  • Total Liabilities: $6,632,508
  • Net Assets: $34,458,540
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROGRAM REVENUE

    Revenue

    $130,016

    Organization Details

    Founding Year

    2015

    Principal Officer

    Stephen Morel

    Main Address

    155 GIBBS STREET 407, ROCKVILLE, MD, 20850

    NTEE Category

    Code: C35 - Environment

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