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Texas Property Assessed Clean Energy Authority

Texas Pace Authority

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 473563763 ✦ Austin, TX ✦ Designated as a 501(c)(3)

Overview

What is Texas Property Assessed Clean Energy Authority?

Texas Property Assessed Clean Energy Authority is a nonprofit organization based in Austin, Texas, with a focus on promoting Property Assessed Clean Energy (PACE) initiatives across the state. Their mission is to educate, collaborate, and train key stakeholders, such as property owners, lenders, contractors, and manufacturers, on the PACE program, facilitating the creation and implementation of successful projects. This is achieved through various means including speeches, presentations, webinars, individual meetings, training, and the production of materials like flyers, case studies, and presentations. The organization's efforts resulted in over $172 million in completed PACE projects in Texas during 2022, contributing to economic development, water and energy conservation, improved air quality, and other beneficial outcomes. Texas PACE Authority operates under the Texas PACE Act and is funded through user fees and grants, with no cost to the local government.


Official website here: www.texaspaceauthority.org

Is Texas Property Assessed Clean Energy Authority legitimate?

Texas Property Assessed Clean Energy Authority is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Property Assessed Clean Energy Authority submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $235,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $48,024

For more financial information, click here


Official website here: www.texaspaceauthority.org

What is the mission statement of Texas Property Assessed Clean Energy Authority?

The Texas Property Assessed Clean Energy Authority is a non-profit organization dedicated to promoting Property Assessed Clean Energy (PACE) projects across Texas. It accomplishes this by administering a uniform commercial and industrial PACE program on behalf of local governments under the Texas PACE Act, without charging the local government. The authority is funded through user fees and grants. Its mission revolves around facilitating clean energy projects and supporting local governments in their efforts to promote sustainable energy solutions.


Official website here: www.texaspaceauthority.org

Who is the CEO of Texas Property Assessed Clean Energy Authority?

Charlene Heydinger is the President of Texas Property Assessed Clean Energy Authority.


Official website here: www.texaspaceauthority.org

What is the revenue of Texas Property Assessed Clean Energy Authority?

Texas Property Assessed Clean Energy Authority's revenue in 2022 was $1,256,287.


Official website here: www.texaspaceauthority.org

Who are the executives of Texas Property Assessed Clean Energy Authority and what are their salaries?

The average compensation at Texas Property Assessed Clean Energy Authority during 2022 was $141,512. There are 2 employees and 75 volunteers at Texas Property Assessed Clean Energy Authority.

Here are 8 key members and their salaries:

    Charlene Heydinger (President) [Trustee/Director]
  • Compensation: $235,000
  • Related: $0
  • Other: $0

    • Steve Block (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Michael Gromacki (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • John Hall (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Yarcus Lewis (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Hon Penny Redington (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Carlton Schwab (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Patrick Worrall (Board Member) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.texaspaceauthority.org

    Where can I find the form 990 for Texas Property Assessed Clean Energy Authority?

    The Texas Property Assessed Clean Energy Authority’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.texaspaceauthority.org

    Learn more at the official website: www.texaspaceauthority.org

    Mission Statement of Texas Property Assessed Clean Energy Authority

    The Texas Property Assessed Clean Energy Authority, often referred to as Texas PACE Authority, is a non-profit organization with a mission to facilitate Property Assessed Clean Energy (PACE) projects across various counties and municipalities in Texas. This organization serves a crucial role in advancing clean energy solutions by administering a uniform commercial and industrial PACE program on behalf of local governments under the Texas PACE Act. Notably, the Texas PACE Authority operates at no cost to the local government.

    Funded through user fees and grants, the Texas PACE Authority functions as a bridge between local governments and clean energy projects, ensuring the smooth implementation of PACE programs. By doing so, the organization helps promote sustainable energy solutions, contributing to a greener and more eco-friendly future for Texas. The Texas PACE Authority's operations are based on the Texas PACE Act, Chapter 399 of the Texas Local Government Code, providing a legal framework for the administration of these programs.

    Impact

    This information is meant to be a general summary of Texas Property Assessed Clean Energy Authority. Please take the time to review official sources before making any decisions based upon the content provided here.




    Tuesday, June 18, 2024

    The Texas Property Assessed Clean Energy Authority has had a significant impact on promoting sustainable and clean energy practices in Texas. Through its administration of Property Assessed Clean Energy (PACE) programs in various counties and municipalities, the authority has successfully facilitated the completion of $172 million worth of PACE projects in 2022 alone.

    These projects have brought about positive outcomes such as economic development, reduced water and energy consumption, improved air quality, and overall environmental benefits. By engaging in extensive education, outreach, and training initiatives, the authority has effectively raised awareness among property owners, lenders, contractors, architects, engineers, manufacturers, and other stakeholders about the benefits of PACE programs.

    Overall, the Texas Property Assessed Clean Energy Authority's efforts have not only driven the adoption of clean energy solutions but also contributed to the sustainable development and conservation of resources in the state of Texas.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $1,155,837
  • Gross Receipts: $1,256,287

    • Assets and Liabilities:
  • Total Assets: $973,889
  • Total Liabilities: $6,342
  • Net Assets: $967,547
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Project Admin Fees

    Revenue

    $1,052,470

    Project Residual Fees

    Revenue

    $103,192

    Training/Event Fees

    Revenue

    $175

    Organization Details

    Founding Year

    2015

    Principal Officer

    Charlene Heydinger

    Main Address

    6300 La Calma Drive Suite 170, Austin, TX, 78752

    NTEE Category

    Code: C35 - Environment

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