Texas Property Assessed Clean Energy Authority

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.

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)Compensation
Charlene Heydinger
President
$199,750
Michael Gromacki
Board Member
$0
John Hall
Board Member
$0
Steve Block
Secretary
$0
Carlton Schwab
Board Member
$0
Hon Penny Redington
Board Member
$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

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 OrganizationAmount
Environmental Defense Fund Incorporated

New York, NY

PURPOSE: Climate & Energy

$25,000
View Grant Recipient Profile

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