Texas Property Assessed Clean Energy Authority
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $546,519
- Spending
- $947,990
- Spent on programs
- 91%
- Reserves
- 5.5 months of spending
- Largest source of income
- fees for its services, 97%
- Employees
- 3
- Volunteers
- 75
- Highest pay
- $234,000, president
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 55 out of 100. Higher than 17% of charities in its peer group (environment, $250k to $1m).
Reserves
20 of 35Spendable reserves would cover 5.5 months of spending.
Debt
20 of 20It owes 0% of what it owns.
Living within its means
0 of 15Spending exceeded income by 73% of income.
Income trend
0 of 15Income fell 27% on the year before.
Spending floor
15 of 1591% of spending went to programs.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 76 out of 100. Higher than 45% of charities in its peer group (environment, $250k to $1m).
Independent board
25 of 259 of 10 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
6 of 15Its accounts were not audited or reviewed by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $287,425 spent. 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 $35 MILLION IN COMPLETED PACE PROJECTS THROUGHOUT THE STATE OF TEXAS IN 2024, WITH OUTCOMES INCLUDING ECONOMIC DEVELOPMENT, SIGNIFICANT REDUCTION IN WATER AND ENERGY USE.
- $287,426 spent. 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.
- $287,425 spent. 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since June 2015.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.