Nonprofit · EIN 81-2179565
MONTGOMERY COUNTY GREEN BANK CORP
Tax-exempt · ROCKVILLE, MD 20850
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $25,520,849 | $9,381,198 | $16,139,651 | $141,084,371 | $74,333,824 | $66,750,547 |
| June 30, 2024 | 990 | $20,777,761 | $4,625,405 | $16,152,356 | $57,473,798 | $6,862,902 | $50,610,896 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,672,059
- of which government grants
- $2,765,969
- Program service revenue
- $990,494
- Investment income
- $2,152,074
- Other revenue
- $18,706,222
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,879,122
- Other salaries and wages
- $238,722
- Salaries, compensation and benefits (total)
- $2,445,576
- Professional fundraising fees
- $0
- Legal fees
- $363,008
- Accounting fees
- $156,592
- Occupancy
- $121,441
- Depreciation
- $8,299
- Program services (functional)
- $7,918,776
- Management and general (functional)
- $1,374,168
- Fundraising (functional)
- $88,254
Balance sheet and other
- Total assets, start of year
- $57,473,798
- Total assets, end of year
- $141,084,371
- Total liabilities, end of year
- $74,333,824
- Net assets, end of year
- $66,750,547
- Land, buildings and equipment
- $106,588
- Net assets without donor restrictions
- $54,326,568
- Net assets with donor restrictions
- $12,423,979
- Gross receipts
- $25,520,849
- Employees
- 21
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN MOREL | CHIEF EXECUTIVE OFFICER Officer | 40 | $287,341 | $14,058 |
| TIMOTHY ZHANG | OFFICER Officer | 40 | $229,424 | $12,007 |
| XXXXX XXXX | SENIOR DIRECTOR OF COMMERCIAL BUSINESS Highest-paid employee | 40 | $179,767 | $8,700 |
| XXXXX XXXX | DIRECTOR,CLIMATE RESILIENCE Highest-paid employee | 40 | $161,435 | $8,621 |
| XXXXX XXXX | DIRECTOR, RENEWABLE ENERGY Highest-paid employee | 40 | $147,364 | $7,314 |
| JULIE ABRAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM BUMPERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID CROW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KYLE DANISH | SECRETARY Trustee or director | 12 | $0 | $0 |
| BERT HUNTER | SECRETARY Trustee or director | 12 | $0 | $0 |
| ANDREA LONGTON | DIRECTOR Trustee or director | 12 | $0 | $0 |
| BRIAN MARCONI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZACH MARKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCENE MITCHELL | CHAIR Trustee or director | 12 | $0 | $0 |
| JON MONGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BONNIE NORMAN | DIRECTOR Trustee or director | 1 | $0 |
| MARISSA RAMIREZ | DIRECTOR Trustee or director | 12 | $0 |
| BOB SAHADI | DIRECTOR Trustee or director | 1 | $0 |
| STACY SWANN | DIRECTOR Trustee or director | 12 | $0 |
| MARIANN ZYLSTRA | OFFICER Officer | 40 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| STEPHEN MOREL | CHIEF EXECUTIVE OFFICER Officer | 40 | $253,897 | $13,200 |
| XXXXX XXXX | SENIOR DIRECTOR, COMMERCIAL Highest-paid employee | 40 | $161,754 | $7,680 |
| MARIANN ZYLSTRA | CHIEF CREDIT OFFICER Officer | 40 | $139,096 | $6,732 |
| SARA JEAN MOYER | SENIOR DIRECTOR, FINANCE AND ADMINISTRATION Former | 40 | $138,498 | $7,260 |
| XXXXX XXXX | DIRECTOR, COMMUNICATIONS Highest-paid employee | 40 | $135,304 | $6,600 |
| XXXXX XXXX | DIRECTOR, RENEWABLES Highest-paid employee | 40 | $132,057 | $6,900 |
| THOMAS DEYO | CHIEF EXECUTIVE OFFICER Former | 40 | $138,733 | $0 |
| XXXXX XXXX | DIRECTOR, PROGRAMS Highest-paid employee | 40 | $127,005 | $6,600 |
| XXXXX XXXX | SENIOR MANAGER, PORTFOLIO Highest-paid employee | 40 | $122,507 | $6,600 |
| JULIE ABRAMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOPE BROWN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| WILLIAM BUMPERS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DAVID CROW | DIRECTOR Trustee or director | 1 | $0 | $0 |
| KYLE DANISH | DIRECTOR Trustee or director | 12 | $0 | $0 |
| BERT HUNTER | SECRETARY Trustee or director | 12 | $0 | $0 |
| ANDREA LONGTON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BRIAN MARCONI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ZACH MARKS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARCENE MITCHELL | VICE CHAIR Trustee or director | 12 | $0 | $0 |
| JON MONGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| BONNIE NORMAN | CHAIR Trustee or director | 12 | $0 | $0 |
| MARISSA RAMIREZ | DIRECTOR Trustee or director | 12 | $0 | $0 |
| BOB SAHADI | DIRECTOR Trustee or director | 1 | $0 | $0 |
| STACY SWANN | DIRECTOR Trustee or director | 12 | $0 | $0 |
| TIMOTHY ZHANG | CHIEF INVESTMENT OFFICER Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 21 CHURCH ST STE 400, ROCKVILLE, MD 20850-4197
- Principal officer (990 for 2024)
- STEPHEN MOREL, 21 CHURCH STREET UNIT 400, ROCKVILLE, MD 208500389
- Signed the 990
- STEPHEN MOREL, CHIEF EXECUTIVE OFFICER
- Phone
- (240) 453-9000
- Website
- WWW.MCGREENBANK.ORG
- Return prepared by
- NOVOGRADAC & COMPANY LLP
Mission
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.
Program accomplishments
- 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.Expenses $7,918,776
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2179565
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2017
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C35)
- Assets (IRS master file)
- $141,084,371
- Income (IRS master file)
- $25,520,849
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $25,520,849 | $9,381,198 | $141,084,371 | XML |
| 990 | June 2024 | $20,777,761 | $4,625,405 | $57,473,798 | XML |
| 990 | June 2023 | $19,408,579 | $2,560,274 | $41,091,048 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-2179565).
Questions about MONTGOMERY COUNTY GREEN BANK CORP
- What is the EIN of MONTGOMERY COUNTY GREEN BANK CORP?
- The employer identification number (EIN) of MONTGOMERY COUNTY GREEN BANK CORP is 81-2179565.
- Is MONTGOMERY COUNTY GREEN BANK CORP tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to MONTGOMERY COUNTY GREEN BANK CORP tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MONTGOMERY COUNTY GREEN BANK CORP file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MONTGOMERY COUNTY GREEN BANK CORP due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MONTGOMERY COUNTY GREEN BANK CORP last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of MONTGOMERY COUNTY GREEN BANK CORP?
- The 990 for the year ended June 30, 2025 names STEPHEN MOREL.
- Who are the officers and directors of MONTGOMERY COUNTY GREEN BANK CORP?
- The 990 for the year ended June 30, 2025 lists 20 people; 5 received compensation from the organization, the highest $287,341 (STEPHEN MOREL, CHIEF EXECUTIVE OFFICER).
- How much revenue does MONTGOMERY COUNTY GREEN BANK CORP have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $25,520,849, expenses of $9,381,198 and total assets of $141,084,371 at year end.
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