2025-11-14T16:32:15-06:00 2025-06-30 943108253 NOVOGRADAC & COMPANY LLP 5 GREAT VALLEY PARKWAY SUITE 319 MALVERN PA 19355 990 2024-07-01 812179565 MONTGOMERY COUNTY GREEN BANK CORPORATION MONT 2404539000 21 CHURCH STREET 400 ROCKVILLE MD 20850 STEPHEN MOREL CHIEF EXECUTIVE OFFICER 2404539000 2025-11-14 1 0 DAYLE R DALLING P01695822 6102324810 2024 2025-03-06 01:10:19Z X STEPHEN MOREL 21 CHURCH STREET UNIT 400 ROCKVILLE MD 208500389 25520849 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. 15 15 21 0 0 0 635157 3672059 311939 990494 1619633 2152074 18211032 18706222 20777761 25520849 0 0 0 0 2128322 2445576 0 0 88254 2497083 6935622 4625405 9381198 16152356 16139651 57473798 141084371 6862902 74333824 50610896 66750547 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 7918776 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. 7918776 1 1 0 0 0 0 0 0 1 0 1 0 0 0 1 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 21 0 1 21 1 0 0 0 0 0 0 0 0 0 0 X 15 15 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 21 CHURCH STREET UNIT 400 ROCKVILLE MD 208500389 JULIE ABRAMS DIRECTOR 1.00 0.00 X 0 0 0 WILLIAM BUMPERS DIRECTOR 1.00 0.00 X 0 0 0 DAVID CROW DIRECTOR 1.00 0.00 X 0 0 0 KYLE DANISH SECRETARY 12.00 0.00 X 0 0 0 BERT HUNTER SECRETARY 12.00 0.00 X 0 0 0 ANDREA LONGTON DIRECTOR 12.00 0.00 X 0 0 0 BRIAN MARCONI DIRECTOR 1.00 0.00 X 0 0 0 ZACH MARKS DIRECTOR 1.00 0.00 X 0 0 0 MARCENE MITCHELL CHAIR 12.00 0.00 X 0 0 0 JON MONGER DIRECTOR 1.00 0.00 X 0 0 0 BONNIE NORMAN DIRECTOR 1.00 0.00 X 0 0 0 MARISSA RAMIREZ DIRECTOR 12.00 0.00 X 0 0 0 BOB SAHADI DIRECTOR 1.00 0.00 X 0 0 0 STACY SWANN DIRECTOR 12.00 0.00 X 0 0 0 STEPHEN MOREL CHIEF EXECUTIVE OFFICER 40.00 0.00 X 287341 0 14058 MARIANN ZYLSTRA OFFICER 40.00 0.00 X 0 0 0 TIMOTHY ZHANG OFFICER 40.00 0.00 X 229424 0 12007 XXXXX XXXX SENIOR DIRECTOR OF COMMERCIAL BUSINESS 40.00 0.00 X 179767 0 8700 XXXXX XXXX DIRECTOR,CLIMATE RESILIENCE 40.00 0.00 X 161435 0 8621 XXXXX XXXX DIRECTOR, RENEWABLE ENERGY 40.00 0.00 X 147364 0 7314 1005331 0 50700 5 0 1 0 0 2765969 906090 3672059 PROGRAM REVENUE 900099 990494 990494 990494 2152074 2152074 ENERGY TAX REVENUE 900099 18706222 18706222 18706222 25520849 21848790 0 0 1879122 1173136 665397 40589 238722 149035 84531 5156 72488 45254 25668 1566 217463 135762 77004 4697 37781 23587 13378 816 363008 226626 128541 7841 156592 97760 55450 3382 363264 226786 128632 7846 186788 164317 9395 13076 361513 233501 128012 121441 76010 43002 2429 8299 8299 42806 26792 15158 856 PRODUCT DEVELOPMENT 4931713 4931713 BAD DEBT EXPENSE 400198 400198 9381198 7918776 1374168 88254 27197836 99901792 2993288 2786369 27214041 36504003 65747 47905 114887 8299 0 106588 0 270193 2886 1467521 57473798 141084371 472528 556018 0 65889031 6390374 6390374 0 1498401 6862902 74333824 X 41213942 54326568 9396954 12423979 50610896 66750547 57473798 141084371 16139651 0 X 0 1 X 1 1 1 X 685612 500816 192725 597571 3633258 5609982 685612 500816 192725 597571 3633258 5609982 5609982 146911 54307 686662 1619633 2152074 4659587 10269569 0.54630 0.49170 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 114887 8299 106588 106588 LEASE LIABILITY - OPERATING 1498401 1498401 X 25541320 20471 20471 25520849 0 25520849 9401669 20471 20471 9381198 0 9381198 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, 2025 AND 2024, AS THE ORGANIZATION HAD NO SIGNIFICANT NET UNRELATED BUSINESS INCOME. X X X X 0 0 0 0 0 0 0 1 0 STEPHEN MOREL CHIEF EXECUTIVE OFFICER 252488 0 27500 0 7353 0 14058 0 0 0 301399 0 0 0 TIMOTHY ZHANG OFFICER 197475 0 7800 0 24149 0 12007 0 0 0 241431 0 0 0 XXXXX XXXX SENIOR DIRECTOR OF COMMERCIAL BUSINE 139854 0 14080 0 25833 0 8700 0 0 0 188467 0 0 0 XXXXX XXXX DIRECTOR,CLIMATE RESILIENCE 151635 0 9800 0 0 0 8621 0 0 0 170056 0 0 0 XXXXX XXXX DIRECTOR, RENEWABLE ENERGY 124735 0 10400 0 12229 0 7314 0 0 0 154678 0 0 0 PART I, LINE 7 THE FOLLOWING INDIVIDUALS RECEIVED A BONUS DURING THE YEAR ENDED JUNE 30, 2025: STEPHEN MOREL, CHIEF EXECUTIVE OFFICER: $27,500 TIMOTHY ZHANG, CHIEF INVESTMENT OFFICER: $7,800 SENIOR DIRECTOR OF COMMERCIAL BUSINESS: $14,080 DIRECTOR,CLIMATE RESILIENCE: $9,800 DIRECTOR, RENEWABLE ENERGY: $10,400 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.