Texas Property Assessed Clean Energy Authority
- Assets
- $379.4k
- Revenue
- $627.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Austin, TX
- Founding
- 06/2015
- Data as of
- 12/2021
- EIN
- 47-3563763
Organization Overview
Texas Property Assessed Clean Energy Authority, operating under the name Texas PACE Authority, is located in Austin, TX. The organization was established in 2015. According to its NTEE Classification (C35) the organization is classified as: Energy Resources Conservation & Development, under the broad grouping of Environment and related organizations. As of 12/2021, Texas PACE Authority employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Texas PACE Authority is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Texas PACE Authority generated $627.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $524.5k during the year ending 12/2021. While expenses have increased by 43.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO ADMINISTER PROPERTY ASSESSED CLEAN ENERGY (PACE) PROGRAMS IN COUNTIES AND MUNICIPALITIES IN TEXAS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION, OUTREACH, AND TRAINING IN EXISTING PACE REGIONS TO MAKE PROPERTY OWNERS AND MANAGERS, LENDERS, CONTRACTORS, ARCHITECTS, ENGINEERS, MANUFACTURERS, AND OTHER STAKEHOLDERS AWARE OF THE PROGRAM AND LEARN HOW TO WORK TOGETHER TO CREATE AND IMPLEMENT SUCCESSFUL PACE PROJECTS. EFFORTS INCLUDED SPEECHES AND PRESENTATIONS, WEBINARS, INDIVIDUAL MEETINGS, TRAINING, AND THE CREATION OF FLYERS, CASE STUDIES, AND PRESENTATIONS. THE EFFORT RESULTED IN $57 MILLION IN COMPLETED PACE PROJECTS THROUGHOUT THE STATE OF TEXAS IN 2021, WITH OUTCOMES INCLUDING ECONOMIC DEVELOPMENT, SIGNIFICANT REDUCTION IN WATER AND ENERGY USE, IMPROVED AIR QUALITY, ETC.
OVERSIGHT OF THE DEVELOPMENT AND COMPLETION OF TX-PACE PROJECTS IN TEXAS TO ENSURE THAT EACH PROJECT MET STATE STATUTORY AND PROGRAMMATIC BEST PRACTICES, INCLUDING REVIEW OF INDEPENDENT THIRD PARTY ENGINEERING REPORTS AND CAPITAL PROVIDER UNDERWRITING CRITERIA AND MATERIALS, OWNER AND LENDER CONTRACTS, AND NOTICE OF ASSESSMENT LIEN FILINGS. 15 PACE PROJECTS CLOSED IN 2021.
EDUCATION AND OUTREACH TO ASSIST LOCAL GOVERNMENTS IN REVIEWING AND ESTABLISHING LOCAL PACE PROGRAMS. THE NUMBER OF PACE PROGRAMS EXPANDED FROM 55 TO 70 LOCAL GOVERNMENTS IN 2021 REACHING ABOVE 60% OF THE TEXAS POPULATION. THE COLLABORATIVE EFFORT INVOLVED MANY LOCAL AND STATEWIDE STAKEHOLDERS, SPEECHES, PRESENTATIONS, AND MEETINGS WITH LOCAL ELECTED OFFICIALS AND CITY AND COUNTY EMPLOYEES TO EDUCATE ABOUT THE TEXAS PACE IN A BOX MODEL PROGRAM'S DESIGN PRINCIPLES, DOCUMENTS, POLICIES, ETC. AND TEXAS PACE AUTHORITY'S SERVANT LEADER MODEL OF ADMINISTRATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Heydinger President | OfficerTrustee | 50 | $199,750 |
Michael Gromacki Board Member | Trustee | 2 | $0 |
Steve Block Secretary | Trustee | 2 | $0 |
Hon Penny Redington Board Member | Trustee | 2 | $0 |
John Hall Board Member | Trustee | 2 | $0 |
Carlton Schwab Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,507 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $87,907 |
| Total Program Service Revenue | $539,631 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,538 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $199,750 |
| Compensation of current officers, directors, key employees. | $19,975 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $34,810 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $14,413 |
| Fees for services: Management | $164,096 |
| Fees for services: Legal | $61,705 |
| Fees for services: Accounting | $593 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,212 |
| Office expenses | $2,578 |
| Information technology | $7,741 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $13,011 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,460 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,011 |
| All other expenses | $0 |
| Total functional expenses | $524,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $379,425 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $379,425 |
| Accounts payable and accrued expenses | $1,813 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,813 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $377,612 |
| Total liabilities and net assets/fund balances | $379,425 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Texas Property Assessed Clean Energy Authority has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Environmental Defense Fund Incorporated New York, NY PURPOSE: Climate & Energy | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Big Country Electric Cooperative Inc Roby, TX | $104,289,695 | $39,520,925 |
Consumer Energy Alliance Inc Houston, TX | $1,846,772 | $2,939,794 |
Lobo Energy Incorporated Albuquerque, NM | $7,881,888 | $2,177,036 |
Switch Energy Alliance Austin, TX | $3,199,186 | $1,767,932 |
Metropolitan Partnership For Energy San Antonio, TX | $166,821 | $682,017 |
Evolve Houston Houston, TX | $1,014,660 | $950,469 |
Southern Star Medical Research Institute Houston, TX | $10,333,982 | $668,385 |
Texas Property Assessed Clean Energy Authority Austin, TX | $379,425 | $627,538 |
Texas Solar Power Association Austin, TX | $405,490 | $480,667 |
Consumer Energy Education Foundation Houston, TX | $21,550 | $389,698 |
Tulsa Bike Share Inc Tulsa, OK | $686,494 | $255,021 |
Austin Community Design And Development Center Austin, TX | $39,219 | $233,852 |