Pace University
88% goes to programs $21 to raise $100 Strong reserves
Pace University is a 501(c)(3) organization based in New York, New York, registered in 1949, with $719,108,199 in FY2024 revenue. CharityIndex grades it A, and it directs about 88% of spending to programs.
1 Pace Plz, New York, NY, 10038 EIN 13-5562314 Since 1949
Revenue (FY2024)
$719.1M
▲ 1.6% vs prior year
Education median: $200K
Expenses (FY2024)
$707.3M
Net assets
$541.5M
Employees
5,074
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating88% to programs · $21 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Pace University: 88% to programs · $21 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating9 mo reserves · +2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Pace University: 9 mo reserves · +2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Pace University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Pace University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Pace university considers teaching and learning its priority. pace is committed to the needs of its qualified and diverse student population.
What they do
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.
Contact & location
- Address
- 1 Pace Plz, New York, NY, 10038
- City
- New York
- State
- New York
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $493.0M (FY2013) to $719.1M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $1.0BNet assets $541.5M
Operating margin
1.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6B
Total liabilities
$1.0B
Net assets
$541.5M
Salaries & benefits
$251.8M
36% of expenses
Board members
35
33 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $719,108,199▲1.6% | $707,329,389▲3.5% | $541,453,392▲6.4% | $1,582,267,641▲12.5% | 990 |
| 2023 | $707,688,190▲3.7% | $683,292,025▲7.1% | $508,932,267▲10.0% | $1,406,912,201▲8.2% | 990 |
| 2022 | $682,582,586▲8.7% | $638,143,341▲8.9% | $462,540,678▲16.6% | $1,300,057,209▲18.9% | 990 |
| 2021 | $627,806,353▲2.5% | $586,153,852▲2.9% | $396,598,811▼2.1% | $1,093,406,747▼3.9% | 990 |
| 2020 | $612,723,269▲2.5% | $569,606,672▼2.3% | $404,984,810▲27.5% | $1,138,059,181▲60.9% | 990 |
| 2019 | $597,655,933▲0.2% | $582,820,516▼0.9% | $317,550,307▲5.4% | $707,400,303▲2.1% | 990 |
| 2018 | $596,658,186▲2.6% | $587,917,926▲3.1% | $301,228,258▲4.2% | $692,738,636▲1.4% | 990 |
| 2017 | $581,487,317▲0.6% | $570,238,330▲4.9% | $289,150,922▲5.1% | $683,334,762▲3.1% | 990 |
| 2016 | $578,168,070▲4.2% | $543,812,332▲2.4% | $275,055,400▲23.4% | $662,792,765▲7.1% | 990 |
| 2015 | $554,628,595▲11.4% | $531,117,954▲12.3% | $222,882,411▲7.1% | $618,661,744▲3.1% | 990 |
| 2014 | $497,798,171▲1.0% | $473,097,460▲1.4% | $208,171,878▲12.9% | $599,905,019▲1.1% | 990 |
| 2013 | $492,988,304 | $466,375,548▲3.7% | $184,353,738▲14.6% | $593,137,972▲24.1% | 990 |
| 2012 | — | $449,658,530▲2.9% | $160,819,793▲14.4% | $477,836,641▲2.9% | 990 |
| 2011 | — | $436,967,030▲8.5% | $140,559,083▼10.2% | $464,485,299▲3.0% | 990 |
| 2010 | — | $402,870,885▼0.9% | $156,484,162▲20.5% | $451,061,521▲4.2% | 990 |
| 2009 | — | $406,359,788 | $129,817,018 | $432,936,055 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: Marvin Krislov — $741,937 (0.10% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Marvin Krislov | President | 40 | $741,937 |
| Robert C Almon | Evp & Cfo | 40 | $439,605 |
| Daniel Baugher | Professor | 40 | $429,393 |
| Gary Laermer | Vp Dev & Alum Rltns Till 12/24 | 40 | $399,769 |
| Horace Anderson | Dean, School of Law | 40 | $380,099 |
| Joseph Franco | Fmr. Provost, Till 6/24 | 40 | $375,704 |
| Lawrence Singleton | Dean, Lubin School of Business | 40 | $372,966 |
| Tresmaine Grimes | Dean, Dyson College | 40 | $358,871 |
| Joseph A Capparelli | Vp Fin, Controller & Cco | 40 | $351,455 |
| Jonathan Hill | Intm Provost, As of 7/24 | 40 | $348,401 |
| Robina C Schepp | Vp For Enrollment & Placement | 40 | $333,684 |
| Nicole Thompson | Senior Vp Operations | 40 | $328,245 |
| Michelle Simon | Professor | 40 | $320,656 |
| Theresa Lant | Professor | 40 | $314,138 |
| Bridget Crawford | Professor | 40 | $309,522 |
| Terryl Brown | Vp and General Counsel | 40 | $303,640 |
| Ibolya Yolas | Vp Univ Facilities & Cap Proj | 40 | $298,132 |
| Ya Tang | Professor | 40 | $291,938 |
| Esma Paljevic | Intm Dean, Chp As of 7/24 | 40 | $291,888 |
| Nira Herrmann | Former Dean, Dyson College | 40 | $283,560 |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| Turner Construction | Construction | $53,185,968 |
| Chartwells Dining Service | Food Services | $17,360,599 |
| Allied Universal Security Services | Security | $12,160,294 |
| Collins Building Services | Cleaning | $11,467,819 |
| Jrm Construction Management LLC | Construction | $4,877,325 |
Grants received · $18.1M total
174 grants to Pace University totaling $18.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Cleveland Foundation | Scholarship fund | 2024 | $150,000 |
| The New York Community Trust | For an endowment fund. | 2024 | $101,520 |
| Charities Aid Foundation America | Charitable donation | 2024 | $80,590 |
| Jewish Communal Fund | In furtherance of grantee's tax-exempt purpose | 2024 | $76,514 |
| American Online Giving Foundation Inc | General support | 2024 | $52,932 |
| The New York and Presbyterian Hospital | Support | 2024 | $35,000 |
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $26,314 |
| Fjc | General operating support | 2024 | $25,000 |
| The New York Community Trust | For program support. | 2024 | $25,000 |
| The New York Community Trust | For program support. | 2024 | $25,000 |
| The New York Community Trust | For a scholarship award. | 2024 | $21,000 |
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $20,000 |
| Ayco Charitable Foundation | Education | 2024 | $15,100 |
| The New York Community Trust | For program support. | 2024 | $10,000 |
| T Rowe Price Program For Charitable Giving Inc | Multiple | 2024 | $10,000 |
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Frequently asked questions
- Is Pace University a legitimate nonprofit?
- Yes. Pace University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-5562314, based in New York, New York. Donations are tax-deductible.
- What is Pace University's EIN?
- Pace University's Employer Identification Number (EIN) is 13-5562314.
- How much revenue does Pace University report?
- Pace University reported $719,108,199 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Pace University's spending goes to programs?
- Pace University spends about 88% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Pace University have?
- CharityIndex grades Pace University A, based on program efficiency and fundraising cost.
- How much does Pace University's highest-paid employee make?
- The highest reported compensation on Pace University's latest Form 990 is $741,937, paid to Marvin Krislov (President).
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Data for Pace University (EIN 13-5562314) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.