Pace University
- Assets
- $707.4m
- Revenue
- $597.7m
- Investments
- $57.9m
- Employees
- 5,816
- Location
- New York, NY
- Founding
- 04/1949
- Data as of
- 06/2020
- 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 06/2020, Pace University employed 5,816 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2020, Pace University generated $597.7m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $582.8m during the year ending 06/2020. While expenses have increased by 1.9% per year over the past 5 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
2020
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 | $631,115 |
Robert C Almon Evp & CFO | Officer | 40 | $398,445 |
Vayna Quinones Provost,exec VP Academic Affai | Officer | 40 | $392,593 |
Neal S Braun Dean, Lubin School Of Business | Officer | 40 | $386,107 |
Nira Herrmann Dean, Dyson College | Officer | 40 | $366,986 |
Gary Laermer VP Dev & Alum Rltns | Officer | 40 | $342,971 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Abm Janitorial Services Northeast I Cleaning | 6/29/20 | $4,519,743 |
Winfield Security Corp Security | 6/29/20 | $5,010,087 |
Chartwells Dining Service Food Services | 6/29/20 | $14,793,517 |
Sciame Construction Llc Construction | 6/29/20 | $5,942,639 |
Collins Building Services Cleaning | 6/29/20 | $4,905,255 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $433,030 |
| Related organizations | $0 |
| Government grants | $13,824,774 |
| All other contributions, gifts, grants, and similar amounts not included above | $12,489,658 |
| Noncash contributions included in lines 1a–1f | $620,343 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $26,747,462 |
| Total Program Service Revenue | $559,275,541 |
| Investment income | $3,574,764 |
| Tax Exempt Bond Proceeds | $51,465 |
| Royalties | $85,181 |
| Net Rental Income | $37,047 |
| Net Gain/Loss on Asset Sales | $5,672,827 |
| Net Income from Fundraising Events | -$272,930 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $597,655,933 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $206,727,257 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $6,947,300 |
| Compensation of current officers, directors, key employees. | $3,936,657 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $159,746,389 |
| Pension plan accruals and contributions | $10,205,462 |
| Other employee benefits | $28,933,679 |
| Payroll taxes | $11,423,130 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,279,252 |
| Fees for services: Accounting | $377,760 |
| Fees for services: Lobbying | $10,698 |
| Fees for services: Fundraising | $507,386 |
| Fees for services: Investment Management | $1,205,075 |
| Fees for services: Other | $9,685,903 |
| Advertising and promotion | $3,309,011 |
| Office expenses | $8,922,990 |
| Information technology | $7,878,670 |
| Royalties | $0 |
| Occupancy | $70,161,348 |
| Travel | $2,968,338 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $479,735 |
| Interest | $8,947,354 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $19,294,227 |
| Insurance | $1,411,207 |
| All other expenses | $4,423,452 |
| Total functional expenses | $582,820,516 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,842,030 |
| Pledges and grants receivable | $23,026,218 |
| Accounts receivable, net | $14,210,362 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $7,336,141 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $4,698,294 |
| Net Land, buildings, and equipment | $426,646,279 |
| Investments—publicly traded securities | $140,039,022 |
| Investments—other securities | $57,930,416 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,671,541 |
| Total assets | $707,400,303 |
| Accounts payable and accrued expenses | $87,231,446 |
| Grants payable | $10,761,792 |
| Deferred revenue | $32,037,533 |
| Tax-exempt bond liabilities | $176,144,468 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $15,157,122 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $68,517,635 |
| Total liabilities | $389,849,996 |
| Net assets without donor restrictions | $93,266,971 |
| Net assets with donor restrictions | $224,283,336 |
| 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 | $707,400,303 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Pace University has recieved totaling $1,549,302.
| Awarding Organization | Amount |
|---|---|
Legal Services Of The Hudson Valley White Plains, NY PURPOSE: CIVIL LEGAL SERVICES | $440,711 |
Legal Services Of The Hudson Valley White Plains, NY PURPOSE: CIVIL LEGAL SERVICES | $440,711 |
Mjs Foundation Inc New York, NY PURPOSE: PROGRAM SUPPORT FOR THE SCHOLARSHIP FUND | $200,000 |
Jewish Communal Fund New York, NY PURPOSE: General support | $153,622 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $72,543 |
Hispanic Scholarship Fund Gardena, CA PURPOSE: TO PROVIDE SCHOLARSHIPS FOR STUDENTS | $59,479 |
Endowment Analysis
| Beg. Balance | $193,048,642 |
| Earnings | $8,107,993 |
| Net Contributions | $3,815,808 |
| Other Expense | $7,711,377 |
| Grants | $3,434,014 |
| Ending Balance | $193,827,052 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pace University New York, NY | $707,400,303 | $597,655,933 |
Teach For America Inc New York, NY | $456,147,778 | $273,618,155 |
Relay Graduate School Of Education New York, NY | $59,675,478 | $75,161,992 |
William J Brennan Jr Center For Justice Inc New York, NY | $96,025,378 | $84,509,232 |
American Academy Of Dramatic Arts New York, NY | $77,651,886 | $24,223,333 |
Pennsylvania Academy Of The Fine Arts Philadelphia, PA | $121,329,646 | $22,318,727 |
Omega Institute For Holistic Studies Inc Rhinebeck, NY | $27,905,659 | $26,808,255 |
Benjamin Franklin Institute Of Technology Boston, MA | $14,257,736 | $14,554,191 |
Montserrat College Of Art Inc Beverly, MA | $16,506,023 | $17,973,351 |
Merrick Academy Queens Public Charter School Springfield Gardens, NY | $3,681,182 | $10,545,867 |
Pennsylvania College Of Art And Design Lancaster, PA | $15,005,977 | $8,106,353 |
International Institute For Restorative Practices Bethlehem, PA | $5,917,651 | $7,544,002 |