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PACE UNIVERSITY

NEW YORK, NY · EIN 135562314 · Form 990 · FY2024 · NTEE B40 · Education · Very Large (>$50M) · pace.edu
revenue
$719.1M
expenses
$707.3M
net assets
$541.5M
employees
5,074
volunteers
1,669
program ratio
88%
mission · from form 990

PACE UNIVERSITY CONSIDERS TEACHING AND LEARNING ITS PRIORITY. PACE IS COMMITTED TO THE NEEDS OF ITS QUALIFIED AND DIVERSE STUDENT POPULATION.

profile · synthesized from sources

Pace University is a private university in New York State committed to teaching, experiential learning, and serving a diverse student population. With campuses in New York City and Westchester County, it offers undergraduate and graduate programs across disciplines including business, law, nursing, computer science, and the performing arts. The university emphasizes career readiness, demonstrated by high post-graduation employment rates and national recognition for return on investment.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $246.81M
    SCHOLARSHIPS - TO PROVIDE STUDENTS WITH ACADEMIC AND/OR NEED-BASED TUITION ASSISTANCE.
  2. #2 $97.05M
    AUXILIARIES - TO MEET NON-INSTRUCTIONAL NEEDS OF STUDENTS SUCH AS DORMS AND CAFETERIA SERVICES.
named programs · 3 · from sources

What they call their work

Auxiliaries
Provides non-instructional student services including housing, dining, and campus facilities
Pace Path
Integrates experiential learning, internships, co-ops, and field experiences into the academic journey to enhance career readiness
Scholarships
Provides academic and/or need-based tuition assistance to students
activities · 16 groups

What they do

  • Alumni Community Building 2 activities
    • Host alumni engagement and career development events
      Organizes alumni events including celebrations at Yankee Stadium and New York Liberty games, and offers career advancement workshops focused on leadership and professional growth.
    • Maintain global alumni network
      Manages a global alumni network of over 168,000 graduates to foster community engagement, mentorship, and connection.
  • Interscholastic and Inclusive School Sports Programs 1 activity
    • Compete in NCAA athletics and esports
      Fields competitive athletic teams including women's and men's lacrosse, winning the 2023 NCAA National Championship in women's lacrosse and achieving historic tournament success, while also ranking #1 nationally in esports in 2023.
  • Energy Policy Advocacy & Research 1 activity
    • Conduct undergraduate and applied research
      Engages students and faculty in research projects including financial incentives for energy companies and applied AI using LSTM networks for solar forecasting to analyze energy inefficiencies.
  • Study Abroad and Global Immersion Programs 1 activity
    • Deliver international and technology-focused educational programs
      Offers international experiential learning opportunities such as a two-week program at CERN focused on technology applications for the UN Sustainable Development Goals, and urban design projects integrating AI and sustainability in NYC.
  • Tech Skills Training for Underserved Groups 1 activity
    • Deliver multidisciplinary education in emerging fields
      Offers a multidisciplinary curriculum combining finance and coding to prepare students for innovation in fast-moving industries such as fintech and AI.
  • Health Professions Education Programs 1 activity
    • Deliver nursing education and direct program admission
      Offers direct admission into the nursing program and an accelerated Bachelor of Science in Nursing (BSN) program, preparing graduates who pass the NCLEX and enter clinical practice as registered nurses.
  • Game Design and Development Education 1 activity
    • Develop and release student-created video games
      Supports the design, development, and release of original video games such as _Blitzstrike_ and _Time, Line_, including full localization in multiple languages to broaden accessibility.
  • Youth & Emerging Filmmaker Training 1 activity
    • Facilitate entertainment industry career pathways
      Enables student access to entertainment industry jobs through faculty networks, direct referrals, and career preparation programs.
  • Student Career Readiness and Internship Placement 1 activity
    • Facilitate student internships and experiential learning
      Supports real-world education through internships, co-ops, practicums, field experiences, and clinicals, including high-profile opportunities in entertainment such as at Saturday Night Live.
  • Campus Auxiliary Services Management 1 activity
    • Operate student housing and dining services
      Provides dormitory and cafeteria services across campuses to meet non-instructional student needs, including food security and diverse dining options.
  • Financial Aid and Scholarship Access Programs 1 activity
    • Provide academic and need-based scholarships
      Offers tuition assistance to students through academic and need-based scholarships, supporting access to higher education regardless of economic background.
  • Public Access to Digital and Physical Library Collections 1 activity
    • Provide library and research support services
      Offers access to over 120 research databases, print and e-books, and interlibrary loan services through partnerships with local libraries and consortia.
  • Higher Education Career Placement 1 activity
    • Report graduate employment and educational outcomes
      Tracks and reports post-graduation outcomes, with 93% of the Class of 2024 employed or continuing education within six months, and employment rates consistently above the national average.
  • Teacher Professional Development 1 activity
    • Support faculty professional development
      Offers professional development opportunities for faculty through the Faculty Center in the Office of the Provost to enhance teaching and research excellence.
  • Student Support and Academic Services 1 activity
    • Support student success through academic and wellness services
      Provides personalized advising, tutoring, research opportunities, and a full network of health and wellness services to support academic success, mental and physical health, and campus safety.
  • Uncategorized 1 activity
    • Host student media and creative programming
      Operates student-run media initiatives such as the weekly radio show _KONG STUDIOS_, featuring 1990s underground and alternative music on the university’s student station.
financials · form 990 · fy2024
revenue
Total revenue$719.11M
Contributions & grants$39.07M5%
Program service revenue$652.19M91%
Investment income$21.30M3%
Other revenue$6.55M
expenses
Total expenses$707.33M
Program expenses88%
Admin / overhead11%
Fundraising1%
Salaries & benefits$251.76M
Grants paid out$246.81M
Largest expense lineCompensation
balance sheet
Total assets$1.58B
Cash$3.82M
Investments$294.10M
Liabilities$1.04B
Net assets$541.45M
Liquid reserves5.0 mo
6 years on record · 2019–2024 · YoY revenue +1.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 25
NameTitleHours/wkCompensation
MARVIN KRISLOV PRESIDENT 40 $1.17M
ROBERT C ALMON EVP & CFO 40 $510K
JONATHAN HILL INTM PROVOST, AS OF 7/24 40 $493K
LAWRENCE SINGLETON DEAN, LUBIN SCHOOL OF BUSINESS 40 $470K
HORACE ANDERSON Dean, School of Law 40 $470K
DANIEL BAUGHER PROFESSOR 40 $466K
GARY LAERMER VP DEV & ALUM RLTNS TILL 12/24 40 $450K
JOSEPH FRANCO FMR. PROVOST, till 6/24 40 $438K
JOSEPH A CAPPARELLI VP FIN, CONTROLLER & CCO 40 $433K
TRESMAINE GRIMES DEAN, DYSON COLLEGE 40 $410K
MICHELLE SIMON PROFESSOR 40 $395K
NICOLE THOMPSON SENIOR VP OPERATIONS 40 $389K
ROBINA C SCHEPP VP FOR ENROLLMENT & PLACEMENT 40 $385K
BRIDGET CRAWFORD PROFESSOR 40 $381K
BETH GORDON VP IT and CIO 40 $366K
YA TANG PROFESSOR 40 $363K
IBOLYA YOLAS VP UNIV FACILITIES & CAP PROJ 40 $361K
ESMA PALJEVIC INTM DEAN, CHP AS OF 7/24 40 $357K
TERRYL BROWN VP AND GENERAL COUNSEL 40 $345K
THERESA LANT PROFESSOR 40 $338K
CINDY HEILBERGER VP FOR CORPORATE SECRETARY 40 $323K
NIRA HERRMANN FORMER DEAN, DYSON COLLEGE 40 $309K
JENNIFER HOLMES DEAN, SANDS COLLEGE 40 $309K
LI-CHIOU CHEN INTM DEAN, SEID AS OF 8/24 40 $306K
JEAN C GALLAGHER VP STRAT. INITV TILL 2/25 40 $304K
relationships · 28

Who they work with

  • AACSB International Government — Granted dual accreditation in business and accounting to Pace University, a distinction held by fewer than 2% of schools worldwide
  • CERN Partner — Collaborated with CERN during the Fall 2022 Design Factory program to explore technology solutions for the UN Sustainable Development Goals.
  • Carmine Guida Partner — Collaborated with Assistant Professor of Computer Science Carmine Guida on game development projects including an AI-driven fighting game character and coursework in game design.
  • Center for Academic Excellence Government — Designated Pace University as a National Center of Academic Excellence in Cyber Defense
  • Center for Undergraduate Research Experiences Network — Research center supporting student-led projects such as the Dyson Summer Research program.
  • CollegeFactual.com Partner — Provided rankings for Pace University across multiple disciplines including nursing, psychology, business, and computer science
  • Design Factory Global Network Network — Network through which Pace University students collaborate internationally on technology and innovation projects
  • Dyson College of Arts and Sciences Network — Academic unit offering the Computational Economics program and hosting undergraduate research initiatives.
  • Esports Foundry Partner — Ranked Pace University #1 in the nation in esports in 2023
  • Forage Partner — Recognized Pace University as #1 private college in the US for commitment to experiential and work-integrated learning
  • International Emmy Awards Partner — Provides internship opportunities for Pace University students in the screening department.
  • LinkedIn Partner — Recognized Pace University’s Lubin School of Business in the Top 5 for job placement in LinkedIn Top MBAs
  • NACE Government — Source of data on graduate employment rates through the FDS Survey
  • NYC Design Factory Partner — Collaborates with Pace University students on technology projects aligned with United Nations sustainable development goals
  • New York Liberty Partner — Partners with the Pace University Alumni Association to host an alumni event during a WNBA game.
  • New York Yankees Partner — Collaborates on hosting "Pace Night at Yankee Stadium" as part of the university's 120th anniversary celebration.
  • New York Yankees Partner — Collaborates with the New York Yankees to host "Pace Night" as part of the university's 120th-anniversary celebration.
  • PayScale.com Partner — Evaluated Pace University’s return on investment for humanities, communication, and social work & criminal justice majors
  • Playbill Partner — Recognized Pace University as #5 most represented college on Broadway during the 2024–2025 season
  • Princeton Review Partner — Ranked Pace University #6 for most competitive students in law school rankings
  • Saturday Night Live Partner — Hosts Pace University students for internships in live television production.
  • Saturday Night Live Partner — Provides internship opportunities for Pace University students
  • Seidenberg School of Computer Science and Information Systems Network — Academic unit co-hosting the Computational Economics program and providing technical education in AI and computer science.
  • St. Lukes Cornwall Hospital Partner — Employer of Pace University nursing program graduates.
  • The American Pavilion Partner — Offers Pace University students access to the Cannes Film Festival and global entertainment industry exposure.
  • U.S. News & World Report Partner — Ranked Pace University in multiple academic programs including nursing, law, and environmental law
  • United Nations Partner — Engaged with the United Nations through site visits and meetings during the international Design Factory experience.
  • University Health Care Partner — Provides primary health services accessible to faculty, staff, and their families.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Experiential Learning Model
    methodology: experiential_learning
    By integrating hands-on, real-world experiences such as internships, clinicals, and project-based work into the academic journey, Pace University enhances student engagement, professional readiness, and career outcomes because experiential application deepens learning and builds practical competence.
  • Student-Centered Academic Environment
    methodology: student-centered_education
    By fostering student-led projects, mentorship, and personalized support systems, Pace University promotes innovation, retention, and success because empowering students academically and personally strengthens ownership of learning and developmental growth.