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
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 73% (Two-Star out of Four Star rating)
The Texas Property Assessed Clean Energy Authority has achieved a Two-Star rating from Charity Navigator, primarily based on its Accountability & Finance score. The organization has strengths in board independence, with a majority of independent members, and maintains good practices regarding asset management and program expenses, indicating efficient use of funds for its mission.
However, there are notable limitations that impact its overall rating. The absence of both a whistleblower policy and a document retention policy suggests gaps in governance practices. While the organization excels in financial management, these missing elements may raise concerns regarding transparency and accountability.
User feedback from Great Nonprofits highlights positive experiences from individuals involved with the organization, such as interns who appreciate the commitment and dedication of the team to their mission. This enthusiastic support indicates a strong internal culture, despite the areas for improvement noted in the financial accountability assessment.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
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.
Heare 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:
- Compensation: $235,000
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- Other: $0
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- Compensation: $0
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- Other: $0
Official website here: www.texaspaceauthority.org
Where can I find the form 990 for Texas Property Assessed Clean Energy Authority?
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.
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Impact
June, 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.
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.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- 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
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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
Phone
(855) 738-7223Principal Officer
Charlene Heydinger
Main Address
6300 La Calma Drive Suite 170, Austin, TX, 78752
Website
www.texaspaceauthority.orgNTEE Category
Code: C35 - Environment
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