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Texas Medical Center Central Heating And Cooling Services Corporation

Thermal Energy Corporation

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

EIN: 943425643 ✦ Houston, TX ✦ Designated as a 501(c)(3)

Overview

What is Texas Medical Center Central Heating And Cooling Services Corporation?

The Texas Medical Center Central Heating and Cooling Services Corporation, also known as Thermal Energy Corporation, is a nonprofit organization solely dedicated to operating a central heating and cooling services facility for the advantage of various governmental and not-for-profit institutions located within the Texas Medical Center. With a workforce of 100 employees, this corporation caters to an impressive roster of esteemed organizations, including CHI St. Luke's Health, Texas Children's Hospital, and The University of Texas System, among others. Each institution relies on the reliability and efficiency of Thermal Energy Corporation's services to maintain their essential operations.


Official website here: www.tecothermalenergy.com

Is Texas Medical Center Central Heating And Cooling Services Corporation legitimate?

Texas Medical Center Central Heating And Cooling Services Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Texas Medical Center Central Heating And Cooling Services Corporation 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: $2,603,101
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,136,136

For more financial information, click here


Official website here: www.tecothermalenergy.com

What is the mission statement of Texas Medical Center Central Heating And Cooling Services Corporation?

The Texas Medical Center Central Heating and Cooling Services Corporation operates a central facility dedicated to providing heating and cooling services exclusively to governmental and not-for-profit organizations. By doing so, it contributes to the smooth functioning of various institutions in the health and research sector. Eligible organizations include renowned institutions such as CHI St. Luke's Health, Texas Children's Hospital, and the University of Texas System, among others. This collaboration ensures the uninterrupted delivery of essential services to the community, ultimately benefiting the individuals they serve.


Official website here: www.tecothermalenergy.com

Who is the CEO of Texas Medical Center Central Heating And Cooling Services Corporation?

Michael P Manoucheri is the Principal Officer of Texas Medical Center Central Heating And Cooling Services Corporation. The CEO's salary of Texas Medical Center Central Heating And Cooling Services Corporation is $250,265 and their total compensation is $311,570.


Official website here: www.tecothermalenergy.com

What is the revenue of Texas Medical Center Central Heating And Cooling Services Corporation?

Texas Medical Center Central Heating And Cooling Services Corporation's revenue in 2022 was $86,740,316.


Official website here: www.tecothermalenergy.com

Who are the executives of Texas Medical Center Central Heating And Cooling Services Corporation and what are their salaries?

The average compensation at Texas Medical Center Central Heating And Cooling Services Corporation during 2022 was $97,392. There are 100 employees and 9 volunteers at Texas Medical Center Central Heating And Cooling Services Corporation.

Here are 20 key members and their salaries (Texas Medical Center Central Heating And Cooling Services Corporation's CEO's salary is $250,265 and their total compensation is $311,570):

    Stephen Swinson (President & Ceo, Thru 10/15/21)
  • Compensation: $1,460,233
  • Related: $0
  • Other: $102,050

    • Michael Manoucheri (President And Ceo)
  • Compensation: $250,265
  • Related: $0
  • Other: $61,305

    • Jason Berrio (Vp Operations, Assistant Secr)
  • Compensation: $261,444
  • Related: $0
  • Other: $23,651

    • Kevin Giblin (Sr. Controller)
  • Compensation: $199,823
  • Related: $0
  • Other: $69,818

    • Mycah Jewell (Maintenance Manager)
  • Compensation: $198,647
  • Related: $0
  • Other: $67,232

    • Jess Harper (Supv Sr. Project Engineer)
  • Compensation: $187,100
  • Related: $0
  • Other: $73,303

    • Jose Garcia (Operations Manager)
  • Compensation: $191,795
  • Related: $0
  • Other: $66,610

    • Carolyn Luomala (Vp Finance, Treasurer)
  • Compensation: $226,172
  • Related: $0
  • Other: $20,310

    • Ram Goonie (Energy Director)
  • Compensation: $172,790
  • Related: $0
  • Other: $55,302

    • Clarissa Brewster (Vp Human Resources, Assistant)
  • Compensation: $173,938
  • Related: $0
  • Other: $15,701

    • Brad Howell (Chairman Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denise Castillo-Rhodes (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Donald Dewalch (Vice Chairman Of The Board) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeffrey Burton (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kevin Dillon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Hull (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Alec King (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fatima Sheriff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rob Ramirez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Howard Tellepsen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.tecothermalenergy.com

    Where can I find the form 990 for Texas Medical Center Central Heating And Cooling Services Corporation?

    The Texas Medical Center Central Heating And Cooling Services Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.tecothermalenergy.com

    Learn more at the official website: www.tecothermalenergy.com

    Mission Statement of Texas Medical Center Central Heating And Cooling Services Corporation

    Texas Medical Center Central Heating and Cooling Services Corporation is a unique entity dedicated to serving the heating and cooling needs of governmental and not-for-profit organizations within the Texas Medical Center. The corporation operates a central facility that solely caters to these institutions, ensuring they maintain optimal temperature conditions for their essential operations.

    The mission of Texas Medical Center Central Heating and Cooling Services Corporation can be described as a vital collaboration that prioritizes the climate control requirements of numerous esteemed organizations. These institutions include the CHI St. Luke's Health, Texas Children's Hospital, The University of Texas System, MD Anderson Cancer Center, University of Texas Health Science Center at Houston, Texas Woman's University, Memorial Hermann Hospital System, Texas A&M University System, Houston Academy of Medicine, City of Houston, University of Houston, USDA Children's Nutritional Research Center, Memorial Hermann/TIRR, Shriners Hospitals for Children, Houston Community College System, Baylor College of Medicine, Houston Methodist, Harris County, Harris County Hospital District, and Houston Independent School District. This extensive list underlines the importance and wide-ranging impact of the corporation's services.

    By operating a central heating and cooling facility, Texas Medical Center Central Heating and Cooling Services Corporation efficiently manages energy usage and costs for its beneficiaries. Additionally, this collaborative effort enables the institutions to focus their resources on their primary objectives, including patient care, research, and education. The corporation's unwavering commitment to governmental and not-for-profit organizations in the Texas Medical Center is a significant factor in the success and growth of this vibrant community of healthcare and educational institutions.

    Impact

    This information is meant to be a general summary of Texas Medical Center Central Heating And Cooling Services Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Texas Medical Center Central Heating And Cooling Services Corporation plays a crucial role in supporting the operations of various governmental and not-for-profit organizations in the Texas Medical Center. By providing central heating and cooling services exclusively for these institutions, the corporation ensures that essential facilities can operate effectively and efficiently. This support directly contributes to the seamless functioning of healthcare providers, educational institutions, and other vital organizations in the region, ultimately benefiting the health and well-being of the community.





    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: $-536,486
  • Program Service Revenue: $87,245,316
  • Gross Receipts: $108,996,123

    • Assets and Liabilities:
  • Total Assets: $542,966,967
  • Total Liabilities: $337,749,579
  • Net Assets: $205,217,388
  • Programs

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

    Service Revenue

    Revenue

    $80,698,428

    New Service Connection Fee Income

    Revenue

    $3,893,319

    Power Sales Revenue

    Revenue

    $2,122,631

    UT Research Park

    Revenue

    $530,938

    Organization Details

    Founding Year

    2002

    Principal Officer

    Michael P Manoucheri

    Main Address

    1615 BRAESWOOD, HOUSTON, TX, 770303903

    NTEE Category

    Code: C35 - Environment

    If you are a representative of Texas Medical Center Central Heating And Cooling Services Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.