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
What are the reviews and ratings of this charity?
Charity Navigator Rating 91% - Four-Star out of Four Star Rating
Montgomery County Green Bank Corporation has received a commendable Four-Star rating from Charity Navigator, highlighting its strong performance in accountability and finance. The organization achieved a high score of 91% in this category, indicating effective management of its resources and a commitment to transparency.
One notable strength of the organization is its fully independent board, consisting of 11 members, which enhances governance and oversight. Additionally, the charity has established solid financial practices, evidenced by a low liabilities-to-assets ratio and a thorough audit process. The presence of various policies, including conflict of interest and whistleblower policies, further demonstrates its commitment to ethical operations.
However, the program expense ratio stands at 66.11%, indicating that while a significant portion of its expenses is allocated to programs, there is still room for improvement in maximizing program spending. Overall, the Montgomery County Green Bank Corporation exhibits strong accountability and financial health, making it a reliable choice for donors seeking to support impactful initiatives.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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):
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- Compensation: $197,827
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- Other: $11,310
- Compensation: $203,633
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- Other: $12,364
Official website here: www.mcgreenbank.org
Where can I find the form 990 for Montgomery County Green Bank Corporation?
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.
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Impact
October, 2024
Montgomery County Green Bank Corporation significantly enhances energy efficiency and clean energy access for the community, fostering a sustainable and resilient future. By collaborating with the private sector, it effectively drives investment into affordable energy efficiency and clean energy projects in Montgomery County, MD. This initiative not only promotes economic growth but also addresses critical environmental concerns, supporting the county's objective of reducing greenhouse gas emissions.
The Green Bank plays a vital role in creating a diverse and inclusive community by making these investments accessible to all, thereby improving the overall quality of life for residents. Through its efforts, Montgomery County Green Bank Corporation is building a more sustainable, healthy, and prosperous environment for current and future generations.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(240) 453-9000Principal Officer
Stephen Morel
Main Address
155 GIBBS STREET 407, ROCKVILLE, MD, 20850
Website
www.mcgreenbank.orgNTEE Category
Code: C35 - Environment
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