NonprofitsTexas Property Assessed Clean Energy Authority

Environment

Texas Property Assessed Clean Energy Authority

AUSTIN, TX

Total revenue

$547K

Total expenses

$948K

Net assets

$435K

Grants received

$125K

2 grants

EIN

473563763

Tax year

2024

Mission

Texas pace authority advances property assessed clean energy (pace) projects in texas by administering a uniform commercial and industrial pace program on behalf of local governments under the texas chapter 399 of the texas local government code at no cost to the local government.

Programs

2 programs

Oversight of the development and completion of tx-pace projects in texas to ensure that each project met state and 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. 8 pace projects closed in 2024.

Expenses: $287K

Education and outreach to assist local governments in reviewing and establishing local pace programs. The number of pace programs expanded from 94 to 103 local governments in 2024 reaching above 70% 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 programs design principles, documents, policies, etc. And texas pace authoritys servant leader models of administration.

Expenses: $287K

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$532K
Investment income$15K
Other revenue
Total revenue$547K

Expenses

Grants paid
Salaries & benefits$341K
Fundraising
Other expenses$607K
Total expenses$948K
Total assets$437K
Net assets$435K

People

10 listed

NameRoleCompensation

CHARLENE HEYDINGER

PRESIDENT

Board

$234K

50 hrs/wk

STEVE BLOCK

SECRETARY

Board

2 hrs/wk

MICHAEL GROMACKI

MEMBER

Board

2 hrs/wk

JOHN HALL

MEMBER

Board

2 hrs/wk

YARCUS LEWIS

MEMBER

Board

3 hrs/wk

DIANE RATH

MEMBER

Board

2 hrs/wk

HON PENNY REDINGTON

MEMBER

Board

2 hrs/wk

CARLTON SCHWAB

MEMBER

Board

2 hrs/wk

PATRICK WORRALL

MEMBER

Board

4 hrs/wk

HON CHRIS SCHUCHART

MEMBER

Board

2 hrs/wk

Grants received

Showing 2 of 2

FromAmountPurposeYear
$100K
Toward the design, development, and administration of a database to increase organizational capacity
2022

Funded by

$125K from 2 funders · 2 grants · 2017–2022

Meadows Foundation Inc

$100K · 1 grant · 2022

Details

EIN473563763
NTEE codeC35
Subsection03
Ruling date2015-06
Formed2015
Employees3
Volunteers75
TEXAS PROPERTY ASSESSED CLEAN ENERGY AUTHORITY — Mission, Financials & Grants Received | Grantivo