Pace University
- Assets
- $1.1b
- Revenue
- $627.8m
- Investments
- $76.7m
- Employees
- 4,548
- Location
- New York, NY
- Founding
- 04/1949
- Data as of
- 06/2022
- EIN
- 13-5562314
Organization Overview
Pace University is located in New York, NY. The organization was established in 1949. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. As of 06/2022, Pace University employed 4,548 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pace University is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pace University generated $627.8m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.8% each year. All expenses for the organization totaled $586.2m during the year ending 06/2022. While expenses have increased by 1.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PACE UNIVERSITY CONSIDERS TEACHING AND LEARNING ITS PRIORITY. PACE IS COMMITTED TO THE NEEDS OF ITS QUALIFIED AND DIVERSE STUDENT POPULATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INSTRUCTIONAL - TO PROVIDE PERSONNEL, SUPPLIES, EQUIPMENT AND OTHER MATERIALS FOR THE INSTRUCTION OF FULL AND PART-TIME GRADUATE AND UNDERGRADUATE STUDENTS.
SCHOLARSHIPS - TO PROVIDE STUDENTS WITH ACADEMIC AND/OR NEED-BASED TUITION ASSISTANCE.
AUXILIARIES - TO MEET NON-INSTRUCTIONAL NEEDS OF STUDENTS SUCH AS DORMS AND CAFETERIA SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marvin Krislov Trustee, President | OfficerTrustee | 40 | $584,197 |
Vanya Quinones Provost,exec VP Acad Affairs | Officer | 40 | $399,047 |
Robert C Almon Evp & CFO | Officer | 40 | $390,055 |
Lauren Birney Professor | 40 | $369,447 | |
Lawrence Singleton Dean, Lubin School Of Business | Officer | 40 | $344,462 |
Gary Laermer VP Dev & Alum Rltns | Officer | 40 | $337,421 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Collins Building Services Cleaning | 6/29/22 | $12,148,190 |
Shawmut Design Construction Construction | 6/29/22 | $29,361,578 |
Allied Universal Security Services Security | 6/29/22 | $6,603,722 |
Chartwells Dining Service Food Services | 6/29/22 | $10,076,535 |
Archstone Builders Llc Construction | 6/29/22 | $4,111,386 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,483,731 |
| Related organizations | $0 |
| Government grants | $15,289,649 |
| All other contributions, gifts, grants, and similar amounts not included above | $11,040,941 |
| Noncash contributions included in lines 1a–1f | $950,825 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,814,321 |
| Total Program Service Revenue | $572,635,259 |
| Investment income | $2,521,923 |
| Tax Exempt Bond Proceeds | $2,102 |
| Royalties | $86,007 |
| Net Rental Income | $19,117 |
| Net Gain/Loss on Asset Sales | $22,937,856 |
| Net Income from Fundraising Events | -$136,954 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,806,353 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $214,515,973 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $7,324,006 |
| Compensation of current officers, directors, key employees. | $4,344,269 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $152,261,392 |
| Pension plan accruals and contributions | $10,818,376 |
| Other employee benefits | $15,224,374 |
| Payroll taxes | $11,245,885 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,180,307 |
| Fees for services: Accounting | $270,005 |
| Fees for services: Lobbying | $107,257 |
| Fees for services: Fundraising | $633,125 |
| Fees for services: Investment Management | $1,322,037 |
| Fees for services: Other | $13,393,459 |
| Advertising and promotion | $3,315,223 |
| Office expenses | $7,880,801 |
| Information technology | $7,656,089 |
| Royalties | $0 |
| Occupancy | $77,408,748 |
| Travel | $2,071,365 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $383,247 |
| Interest | $7,913,481 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,054,052 |
| Insurance | $2,308,599 |
| All other expenses | $6,170,090 |
| Total functional expenses | $586,153,852 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $8,466,550 |
| Pledges and grants receivable | $9,862,138 |
| Accounts receivable, net | $13,526,507 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,443,358 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,487,391 |
| Net Land, buildings, and equipment | $459,811,430 |
| Investments—publicly traded securities | $138,468,095 |
| Investments—other securities | $76,696,971 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $377,644,307 |
| Total assets | $1,093,406,747 |
| Accounts payable and accrued expenses | $48,298,705 |
| Grants payable | $7,443,347 |
| Deferred revenue | $16,593,216 |
| Tax-exempt bond liabilities | $167,367,302 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,678,128 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $443,427,238 |
| Total liabilities | $696,807,936 |
| Net assets without donor restrictions | $171,866,897 |
| Net assets with donor restrictions | $224,731,914 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,093,406,747 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Pace University has recieved totaling $20,384.
| Awarding Organization | Amount |
|---|---|
John G & Anna Maria Troiano Foundation Inc Longboat Key, FL PURPOSE: UNRESTRICTED MATTHEWS SCHOLARSHIP FUND | $15,000 |
Louise R Hausche Estate Dallas, TX PURPOSE: EDUCATIONAL | $3,884 |
Katherine L Peck Trust Uw Fbo Educational Scholarships Dallas, TX PURPOSE: SCHOLARSHIP | $1,000 |
Make Great Things Happen Foundation Clifton Park, NY PURPOSE: SUPPORT EDUCATIONAL PROGRAMING AT PACE UNIVERSITY | $500 |
Endowment Analysis
| Beg. Balance | $250,615,147 |
| Earnings | -$25,711,021 |
| Net Contributions | $6,347,980 |
| Other Expense | $16,862,603 |
| Grants | $3,952,685 |
| Ending Balance | $210,436,818 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pace University New York, NY | $1,093,406,747 | $627,806,353 |
Teach For America Inc New York, NY | $456,147,778 | $273,618,155 |
Bryant & Stratton Inc Orchard Park, NY | $145,134,093 | $240,603,732 |
Relay Graduate School Of Education New York, NY | $56,720,403 | $55,978,916 |
William J Brennan Jr Center For Justice Inc New York, NY | $161,401,732 | $45,056,482 |
American Academy Of Dramatic Arts New York, NY | $82,489,294 | $25,967,106 |
Pennsylvania Academy Of The Fine Arts Philadelphia, PA | $133,610,587 | $20,470,730 |
Benjamin Franklin Institute Of Technology Boston, MA | $15,070,208 | $17,077,730 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,505,135 | $11,792,569 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,528,865 | $10,367,756 |
Yeshivat Aish Hatorah Clifton, NJ | $25,730,558 | $11,593,750 |