2023-11-16T11:19:16-06:00 2023-06-30 943108253 NOVOGRADAC & COMPANY LLP 5 GREAT VALLEY PARKWAY SUITE 319 MALVERN PA 19355 990 2022-07-01 812179565 MONTGOMERY COUNTY GREEN BANK CORPORATION MONT 2404539000 155 GIBBS STREET 407 ROCKVILLE MD 20850 THOMAS P DEYO CHIEF EXECUTIVE OFFICER 2404539000 2023-11-15 1 THOMAS DEYO 999009999 0 TONYA PHONGSAVANH P00554385 6102324810 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z STEPHEN MOREL 155 GIBBS STREET ROCKVILLE MD 20850 19408579 0 X WWW.MCGREENBANK.ORG X 2015 MD 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. 11 11 13 0 0 0 780753 473302 98071 130016 54307 686662 0 18118599 933131 19408579 0 0 0 0 1026558 1684338 0 0 38629 365466 875936 1392024 2560274 -458893 16848305 24128880 41091048 6518645 6632508 17610235 34458540 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. 0 0 1900590 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. 1900590 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 13 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MD X X STEPHEN MOREL 2404539000 155 GIBBS STREET SUITE 407 ROCKVILLE MD 20850 BONNIE NORMAN CHAIR 15.00 X 0 0 0 MARCENE MITCHELL VICE CHAIR 12.00 X 0 0 0 BOB SAHADI VICE CHAIR 12.00 X 0 0 0 BERT HUNTER SECRETARY 12.00 X 0 0 0 MICHAEL COVEYOU EX-OFFICIO 1.00 X 0 0 0 ADRIANNA HOCHBERG EX-OFFICIO 1.00 X 0 0 0 STACY SWANN DIRECTOR 5.00 X 0 0 0 KYLE DANISH DIRECTOR 1.00 X 0 0 0 BRIAN MARCONI DIRECTOR 1.00 X 0 0 0 MARISSA RAMIREZ DIRECTOR 1.00 X 0 0 0 ZACH MARKS DIRECTOR 1.00 X 0 0 0 STEPHEN MOREL CHIEF EXECUTIVE OFFICER 40.00 X 197827 0 11310 THOMAS DEYO CHIEF EXECUTIVE OFFICER 40.00 X 203633 0 12364 401460 0 23674 2 1 1 0 0 473302 473302 PROGRAM REVENUE 130016 130016 130016 686662 686662 ENERGY TAX REVENUE 900099 18118599 18118599 18118599 19408579 18935277 0 0 1274626 847582 404064 22980 143616 95502 45526 2588 44086 29315 13976 795 132257 87947 41926 2384 89753 59683 28452 1618 18206 12798 5120 288 74727 52529 21016 1182 36305 25521 10210 574 85527 61579 19671 4277 56956 37591 18226 1139 18996 12537 6079 380 21216 14003 6789 424 BAD DEBT EXPENSE 360526 360526 PRODUCT DEVELOPMENT 203477 203477 2560274 1900590 621055 38629 20312 22811452 31368833 225244 2727389 21838 22228 1048148 6970712 1886 1886 24128880 41091048 128271 242134 6390374 6390374 6518645 6632508 X 11970107 27093964 5640128 7364576 17610235 34458540 24128880 41091048 16848305 0 X 0 1 X 1 0 X 12181701 843170 685612 500816 192725 14404024 12181701 843170 685612 500816 192725 14404024 14404024 118649 407856 146911 54307 686662 1414385 15818409 0.91060 0.95820 X 0 6285374 6285374 1 X 0 X 19427245 18666 18666 19408579 0 19408579 2578940 18666 18666 2560274 0 2560274 PART IV, LINE 2B: THE ESCROW ACCOUNT LIABILITY REPRESENTS FUNDS RECEIVED UNDER A CONTRACT BETWEEN MONTGOMERY COUNTY GREEN BANK CORPORATION AND MONTGOMERY COUNTY. THE FUNDS ARE HELD BY MONTGOMERY COUNTY GREEN BANK CORPORATION AND ARE TO BE USED ONLY BY MONTGOMERY COUNTY AND FOR MONTGOMERY COUNTY PURPOSES AS MONTGOMERY COUNTY WOULD REQUEST. MONTGOMERY COUNTY MAY, IN ITS SOLE DISCRETION, REPLENISH THE REVOLVING FUND. ANY REMAINING FUNDS ARE TO BE RETURNED TO MONTGOMERY COUNTY AT THE CONCLUSION OF THE CONTRACT. PART X, LINE 2: MONTGOMERY COUNTY GREEN BANK CORPORATION IS A NONPROFIT ORGANIZATION AND IS EXEMPT FROM THE PAYMENT OF TAXES ON INCOME OTHER THAN NET UNRELATED BUSINESS INCOME UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. NO PROVISION FOR INCOME TAXES IS REQUIRED FOR THE YEARS ENDED JUNE 30, 2023 AND 2022, AS THE ORGANIZATION HAD NO SIGNIFICANT NET UNRELATED BUSINESS INCOME. X X X X 0 0 0 0 0 0 0 1 0 THOMAS DEYO CHIEF EXECUTIVE OFFICER 203261 0 0 0 372 0 12364 0 0 0 215997 0 0 0 STEPHEN MOREL CHIEF EXECUTIVE OFFICER 186893 0 8500 0 2434 0 11310 0 0 0 209137 0 0 0 PART I, LINE 7 STEPHEN MOREL, CHIEF EXECUTIVE OFFICER, RECEIVED A BONUS OF $8,500 DURING THE YEAR ENDED JUNE 30, 2023. 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. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 WAS PROVIDED TO THE FINANCE AND OPERATING COMMITTEE OF THE BOARD FOR REVIEW, AFTER WHICH THE FORM 990 WAS PROVIDED TO THE FULL BOARD FOR REVIEW. FORM 990, PART VI, SECTION B, LINE 12C MONTGOMERY COUNTY GREEN BANK CORPORATION REQUIRES EACH BOARD DIRECTOR TO DISCLOSE INTERESTS THAT COULD GIVE RISE TO CONFLICTS ANNUALLY BY SIGNING CONFLICT OF INTEREST POLICY. THE BOARD IS RESPONSIBLE FOR ENFORCING THIS POLICY AND THEREFORE ADDRESSING ANY CONFLICTS THAT ARISE. WHEN A CONFLICT IS PRESENTED TO THE BOARD, A QUORUM OF COMMITTEE WILL REVIEW AND VOTE BY MAJORITY ON AN ACTION TO BE TAKEN. FORM 990, PART VI, SECTION B, LINE 15 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. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.