The mission of Pacenation is to promote property assessed clean energy (pace) financing by providing leadership and support for a growing universe of pace market participants.

501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
100¢ of each $1 spent went to programs.
$185K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $10K a year · 1% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$185K
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $21K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$40K
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
27
of 27 voting members
Looks good: 27 of 27 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$830K
-11% vs prior year
Spent
$684K
To programs
100%
Net assets
$183K
By yearFY2021–FY2024
Revenue
$830K
FY2024▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2021$1.2M
FY2022$541K
FY2023$930K
FY2024$830K
Expenses
$684K
FY2024▼ -24%
Tap a bar for its year
Expenses by fiscal year
FY2021$732K
FY2022$1.1M
FY2023$903K
FY2024$684K
Net assets
$183K
FY2024▲ +398%
Tap a bar for its year
Net assets by fiscal year
FY2021$574K
FY2022$10K
FY2023$37K
FY2024$183K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $684K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

27 people listed on the 990; $185K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$185,000Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Mary Luevano’s $185K as Executive Director is at the 96th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021
Colin Bishopp———$225,000
Juan Martinez—$201,538——
Mary Luevano$185,000$185,000$180,000$123,428

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Pacenation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Promotes clean energy financing through leadership and support for market participants.

Questions for Pacenation

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Provided by the organization

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2 programs · $684K · in their own filed words · FY2024
01

Pacenation's annual summit, which has historically been an in-person event,was held as a virtual event in 2022. The event enabled pacenation members and other stakeholders to learn about the benfits of pace financing and best practices for developing successful pace programs and facilitated industry-wide networking.

$636Kprogram expense
02

Pacenation provides a variety of fora for discussion of current pace marketplace issues (monthly member call, webinars and subcommittee meetings)

$48Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2020
Total grants receivedfrom 1 funder$21K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$830K
Ln 12
Gifts and grantsLn 1h$697K
Fees for servicesLn 2g$133K
Money outPt IX
$684K
Ln 25
Programscol B$684K
Owns and owesPt X
$183K
net assets · Ln 32
Cash and savingsLn 1–2$190K
Total assetsLn 16$223K
LiabilitiesLn 26$40K
PeoplePt VI, VII
27
listed · VII A
PaidVII A1
Voting boardVI 1a27
IndependentVI 1b27
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$697K
Fees for servicesLn 2g$133K
Total revenueLn 12$830K
Assets in detailPt X, end of year
CashLn 1$190K
Cash and savings togetherLn 1–2$190K
Other assetsLn 15$0
Total assetsLn 16$223K
LiabilitiesLn 26$40K
Net assetsLn 32$183K
OperationsPt I, VI
EmployeesI 55
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$77K$190K
Total assetsLn 16$96K$223K
LiabilitiesLn 26$59K$40K
Net assetsLn 32$37K$183K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$185K$185K
Other salaries and wagesLn 7$141K$141K
Other employee benefitsLn 9$30K$30K
Payroll taxesLn 10$26K$26K
Legal feesLn 11b$22K$22K
Other fees for servicesLn 11g$32K$32K
Advertising and promotionLn 12$3K$3K
Office expensesLn 13$4K$4K
Information technologyLn 14$16K$16K
TravelLn 17$6K$6K
Conferences, conventions and meetingsLn 19$203K$203K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$684K$684K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $830K$684K$147K$183K 990 PDF
FY2023 $930K$903K$27K$37K 990 PDF
FY2022 $541K$1.1M−$563K$10K 990 PDF
FY2021 $1.2M$732K$428K$574K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $830,494 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $619,750$697,390
I-9 Program service revenuePrior year $310,342$133,104
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $930,092$830,494
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $578,031$382,580
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $325,442$301,407
I-18 Total expensesPrior year $903,473$683,987
I-19 Revenue less expensesPrior year $26,619$146,507
Part VI · Governance 27 of 27 board members independent, 4 to look at
VI-1a Voting members of the governing body27
VI-1b Independent voting members27
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $830,494 across 4 lines filed
VIII-1f All other contributions, gifts and grants$697,390
VIII-1h Total contributions, gifts and grants$697,390
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $133,104$133,104
VIII-12 Total revenueRelated to mission $133,104 · Unrelated business $0 · Excluded from tax $0$830,494
Part IX · Statement of functional expenses $683,987 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $185,000$185,000
IX-7 Other salaries and wagesPrograms $141,340$141,340
IX-9 Other employee benefitsPrograms $30,403$30,403
IX-10 Payroll taxesPrograms $25,837$25,837
IX-11b Legal feesPrograms $22,362$22,362
IX-11g Other fees for servicesPrograms $32,011$32,011
IX-12 Advertising and promotionPrograms $2,815$2,815
IX-13 Office expensesPrograms $3,719$3,719
IX-14 Information technologyPrograms $16,345$16,345
IX-17 TravelPrograms $5,692$5,692
IX-19 Conferences, conventions and meetingsPrograms $202,949$202,949
IX-23 InsurancePrograms $10,723$10,723
IX-24 Other expenses (24a–d)Programs $4,791$4,791
IX-25 Total functional expensesPrograms $683,987 · Management $0 · Fundraising $0$683,987
Part X · Balance sheet $222,893 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $77,297$190,181
X-4 Accounts receivableStart of year $15,000$30,200
X-9 Prepaid expenses and deferred chargesStart of year $440$2,512
X-15 Other assetsStart of year $3,050$0
X-16 Total assetsStart of year $95,787$222,893
X-17 Accounts payable and accrued expensesStart of year $1,931$7,983
X-19 Deferred revenueStart of year $55,500$30,200
X-25 Other liabilitiesStart of year $1,591$1,438
X-26 Total liabilitiesStart of year $59,022$39,621
X-27 Net assets without donor restrictionsStart of year $36,765$183,272
X-32 Total net assets or fund balancesStart of year $36,765$183,272
X-33 Total liabilities and net assetsStart of year $95,787$222,893
Part XI · Reconciliation of net assets $183,272 net assets at year end
XI-1 Total revenue$830,494
XI-2 Total expenses$683,987
XI-3 Revenue less expenses$146,507
XI-4 Net assets at start of year$36,765
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$183,272

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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