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Montgomery County Green Bank Corporation

Rockville, MD · EIN 81-2179565 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Montgomery County Green Bank Corporation reported $25.5 million in revenue and $9.4 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $84.41 went to program services, $14.65 to management and general costs and $0.94 to fundraising. Its largest source of revenue was contributions and grants: 14.4% of the total. Government grants made up 10.8%. The highest compensation it reported for one person was $301,399 (CHIEF EXECUTIVE OFFICER). 5 people received more than $100,000 in reportable compensation. Revenue rose 1927% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $9.4M

For context, the median across 371 covered environment charities: $85.82 programs, $10.80 management, $3.38 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $26M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 371 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
84.4%83.6%
Management & general
Part IX 25(C) ÷ 25(A)
14.6%10.5%
Fundraising
Part IX 25(D) ÷ 25(A)
0.9%3.3%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.02$0.03
Contributions & grants share of revenue
Part VIII 1h ÷ 12
14.4%87.6%
Government grants share of revenue
Part VIII 1e ÷ 12
10.8%4.8%
Program service revenue share
Part VIII 2g ÷ 12
3.9%3.2%
Highest reported compensation
Part VII-A, columns D–F
$301,399$293,532
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
3.21%1.74%
People paid over $100,000
Part VII, line 2
57
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
85.418.8
Independent voting board members
Part VI 1a–1b
15 of 15100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$7.9M expenses · 100.0% of program spending

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

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
CHIEF EXECUTIVE OFFICER
Officer, 40.00 hrs/week
$287,341$0$14,058$301,399
OFFICER
Officer, 40.00 hrs/week
$229,424$0$12,007$241,431
SENIOR DIRECTOR OF COMMERCIAL BUSINESS
Highest compensated employee, 40.00 hrs/week
$179,767$0$8,700$188,467
DIRECTOR,CLIMATE RESILIENCE
Highest compensated employee, 40.00 hrs/week
$161,435$0$8,621$170,056
DIRECTOR, RENEWABLE ENERGY
Highest compensated employee, 40.00 hrs/week
$147,364$0$7,314$154,678

5 people received more than $100,000 in reportable compensation from Montgomery County Green Bank Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.9M (Part IX, line 5).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$10M$20M$30M$40MFY2020FY2021FY2022FY2023FY2024FY2025$26M$9.4M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$26M$9.4M84.4%$67M$301,399
FY2024 ⓘ$21M$4.6M80.9%$51M$267,097
FY2023 ⓘ$19M$2.6M74.2%$34M$215,997
FY2022 ⓘ$933K$1.4M59.2%$18M$226,402
FY2021 ⓘ$919K$972K54.7%$18M$212,392
FY2020 ⓘ$1.3M$663K54.0%$18M$205,972

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b15 · 15 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18No
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 521

Correct a figure or respond

Every number above is copied from Montgomery County Green Bank Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Montgomery County Green Bank Corporation, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All environment charities · Largest charities in Maryland

Questions people ask

How much of Montgomery County Green Bank Corporation's spending goes to programs?

In the fiscal year ending June 30, 2025, Montgomery County Green Bank Corporation reported that 84.4% of its $9.4 million in expenses went to program services, 14.6% to management and general and 0.9% to fundraising (Form 990, Part IX).

How much does Montgomery County Green Bank Corporation pay its top executive?

The largest total compensation Montgomery County Green Bank Corporation reported for one person in the fiscal year ending June 30, 2025 was $301,399, for the role of CHIEF EXECUTIVE OFFICER (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Montgomery County Green Bank Corporation get its money?

Of $25.5 million in revenue in the fiscal year ending June 30, 2025, 14.4% came from contributions and grants (including 10.8% from government grants) and 3.9% from program service revenue (Form 990, Part VIII).

Is Montgomery County Green Bank Corporation a registered charity?

The IRS lists EIN 81-2179565 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202503189349314155 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202413179349307311 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202313209349302211 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202223069349301837 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202143089349302859 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013179349303761 · read the filing

All filings for EIN 81-2179565: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.