2024-11-12T14:57:18-06:00 2024-06-30 943108253 NOVOGRADAC & COMPANY LLP 5 GREAT VALLEY PARKWAY SUITE 319 MALVERN PA 19355 990 2023-07-01 812179565 MONTGOMERY COUNTY GREEN BANK CORPORATION MONT 2404539000 155 GIBBS STREET 407 ROCKVILLE MD 20850 STEPHEN MOREL CHIEF EXECUTIVE OFFICER 2404539000 2024-11-12 1 0 DAYLE R DALLING P01695822 6102324810 2023 2024-10-15 13:58:12Z STEPHEN MOREL 155 GIBBS STREET ROCKVILLE MD 20850 20777761 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 16 0 0 0 473302 635157 130016 311939 686662 1619633 18118599 18211032 19408579 20777761 0 0 0 0 1684338 2128322 0 0 60324 875936 2497083 2560274 4625405 16848305 16152356 41091048 57473798 6632508 6862902 34458540 50610896 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 3742221 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. 3742221 1 1 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 16 0 1 16 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 155 GIBBS STREET SUITE 407 ROCKVILLE MD 20850 JULIE ABRAMS DIRECTOR 1.00 0.00 X 0 0 0 HOPE BROWN 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 DIRECTOR 12.00 0.00 X 0 0 0 BERT HUNTER SECRETARY 12.00 0.00 X 0 0 0 ANDREA LONGTON DIRECTOR 1.00 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 VICE CHAIR 12.00 0.00 X 0 0 0 JON MONGER DIRECTOR 1.00 0.00 X 0 0 0 BONNIE NORMAN CHAIR 12.00 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 253897 0 13200 MARIANN ZYLSTRA CHIEF CREDIT OFFICER 40.00 0.00 X 139096 0 6732 TIMOTHY ZHANG CHIEF INVESTMENT OFFICER 40.00 0.00 X 0 0 0 XXXXX XXXX DIRECTOR, RENEWABLES 40.00 0.00 X 132057 0 6900 XXXXX XXXX SENIOR DIRECTOR, COMMERCIAL 40.00 0.00 X 161754 0 7680 XXXXX XXXX SENIOR MANAGER, PORTFOLIO 40.00 0.00 X 122507 0 6600 XXXXX XXXX DIRECTOR, PROGRAMS 40.00 0.00 X 127005 0 6600 XXXXX XXXX DIRECTOR, COMMUNICATIONS 40.00 0.00 X 135304 0 6600 SARA JEAN MOYER SENIOR DIRECTOR, FINANCE AND ADMINISTRATION 40.00 0.00 X 138498 0 7260 THOMAS DEYO CHIEF EXECUTIVE OFFICER 40.00 0.00 X 138733 0 0 1348851 0 61572 9 1 1 0 0 635157 635157 PROGRAM REVENUE 311939 311939 311939 1619633 1619633 ENERGY TAX REVENUE 900099 18211032 18211032 18211032 20777761 20142604 0 0 1568572 1019571 517629 31372 217399 141311 71741 4347 56536 36748 18657 1131 169604 110243 55969 3392 116211 75537 38350 2324 33330 24998 7999 333 138967 104225 33352 1390 63409 47557 15218 634 131669 111918 5267 14484 101154 67773 33381 45861 29810 15134 917 30798 20635 10163 PRODUCT DEVELOPMENT 1080549 1080549 BAD DEBT EXPENSE 832094 832094 LOSS ON LOAN FORGIVENES 39252 39252 4625405 3742221 822860 60324 31368833 27197836 2727389 2993288 22228 65747 6970712 27214041 1886 2886 41091048 57473798 242134 472528 6390374 6390374 6632508 6862902 X 27093964 41213942 7364576 9396954 34458540 50610896 41091048 57473798 16152356 0 X 0 1 X 1 0 X 843170 685612 500816 192725 597571 2819894 843170 685612 500816 192725 597571 2819894 2819894 407856 146911 54307 686662 1619633 2915369 5735263 0.49170 0.91060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6285374 6285374 1 X 0 X 20797713 19952 19952 20777761 0 20777761 4645357 19952 19952 4625405 0 4625405 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, 2024 AND 2023, 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 227722 0 19500 0 6675 0 13200 0 0 0 267097 0 0 0 XXXXX XXXX SENIOR DIRECTOR, COMMERCIAL 126881 0 11660 0 23213 0 7680 0 0 0 169434 0 0 0 SARA JEAN MOYER SENIOR DIRECTOR, FINANCE AND ADMINIS 115131 0 10500 0 12867 0 7260 0 0 0 145758 0 0 0 THOMAS DEYO CHIEF EXECUTIVE OFFICER 138733 0 0 0 0 0 0 0 0 0 138733 0 0 0 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. 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.