EIN 94-3425643

Thermal Energy Corporation (TECO)

IRS 501(c) type
501(c)(3)
Num. employees
101
State
Year formed
2002
Most recent tax filings
2023-08-01
NTEE code, primary
Description
Houston-based Thermal Energy Corporation (TECO) has provided reliable, cost-effective and energy-efficient cooling and heating to institutions in the Texas Medical Center. TECO uses district energy and CHP technology to produce chilled water and steam, which we pipe underground to more than 19 million square feet of customer buildings at 18 institutions. With a solid track record of performance, TECO is well-positioned to provide the energy behind what’s next for the buildings and pace-setting services and research at the world-renown Texas Medical Center.
Related structure
TECO is a subordinate organization under Memorial Hermann Health System.
Also known as...
Texas Medical Center Central Heating and Cooling Services Corporation
Total revenues
$86,097,139
2023
Total expenses
$67,474,830
2023
Total assets
$550,118,077
2023
Num. employees
101
2023

Program areas at TECO

Operating a Central Heating and Cooling Services facility solely for the benefit of government institutions and not-for-profit organizations located in the Texas Medical Center. Eligible institutions include: chi st. luke's health, Texas children's hospital, the university of Texas system, the university of Texas m.d. Anderson cancer Center, the university of Texas health scienc Center at houston, Texas Medical Center, Texas woman's university, memorial hermann hospital system, the Texas a and m university system, city of houston, tx, university of houston, usda children' nutritional research Center, memorial hermann/tirr, houston community college system, baylor college of medicine, houston methodist, harris county, Texas, harris county hospital district, and houston independent school district. District, and houston independent school district.

Personnel at TECO

NameTitleCompensation
Michael ManoucheriPresident and Chief Executive Officer$326,563
Jason BerrioVice President Operations , Assistant Secretary$265,091
Kimberla LawsonVice President Finance , Treasure
Clarissa BrewsterVice President Human Resources$180,010
Mycah JewellVice President Engineering and Maintenance$222,477
...and 9 more key personnel

Financials for TECO

RevenuesFYE 08/2023
Total grants, contributions, etc.$0
Program services$84,451,602
Investment income and dividends$2,122,045
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-509,743
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$33,235
Total revenues$86,097,139

Form 990s for TECO

Fiscal year endingDate received by IRSFormPDF link
2023-082024-07-15990View PDF
2022-082023-07-14990View PDF
2021-082022-07-15990View PDF
2020-082021-07-15990View PDF
2019-082021-02-09990View PDF
...and 10 more Form 990s

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Data update history
August 27, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 27, 2024
Updated personnel
Identified 2 new personnel
August 25, 2024
Used new vendors
Identified 2 new vendors, including , and
August 24, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 21, 2023
Updated personnel
Identified 3 new personnel
Nonprofit Types
Grantmaking organizationsHealth organizationsChapter / child organizationsCharities
Issues
Health
Characteristics
State / local levelTax deductible donationsAccepts online donations
General information
Address
1615 Braeswood
Houston, TX 77030
Metro area
Houston-The Woodlands-Sugar Land, TX
County
Harris County, TX
Website URL
tecothermalenergy.com/ 
Phone
(713) 791-6700
IRS details
EIN
94-3425643
Fiscal year end
August
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
E00: Health Care: General
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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