2015-03-26T14:11:28-05:00 2014-06-30 PRICEWATERHOUSECOOPERS LLP 300 MADISON AVENUE NEW YORK NY 10017 990 2013-07-01 135562314 PACE UNIVERSITY % ROBERT C ALMON PACE 2123461227 ONE PACE PLAZA Suite NEW YORK NY 100381598 ANGELIQUE M DIAZ ASSISTANT CONTROLLER 9149232379 2015-03-26 2013 2016-03-07 17:11:31Z STEPHEN J FRIEDMAN ONE PACE PLAZA NEW YORK NY 100381598 603749050 false X WWW.PACE.EDU X 1906 NY PACE UNIVERSITY CONSIDERS TEACHING AND LEARNING ITS PRIORITY. PACE IS COMMITTED TO THE NEEDS OF ITS QUALIFIED AND DIVERSE STUDENT POPULATION. 30 27 5622 119 -8031 -36781 16573280 16475558 430413585 444839836 3521354 28822291 5731597 2850619 456239816 492988304 130396880 136727532 0 0 192428239 203866468 502875 273031 5553222 126330536 125508517 449658530 466375548 6581286 26612756 477836641 593137972 317016848 408784234 160819793 184353738 X PACE UNIVERSITY EDUCATES STUDENTS TO BE "THINKING PROFESSIONALS", HIGHLY SOUGHT AFTER AS INNOVATORS AND SUCCESSFUL LEADERS WHO POSITIVELY IMPACT TWENTY-FIRST CENTURY SOCIETY. false false 123317436 374578828 INSTRUCTIONAL - TO PROVIDE PERSONNEL, SUPPLIES, EQUIPMENT AND OTHER MATERIALS FOR THE INSTRUCTION OF FULL AND PART-TIME GRADUATE AND UNDERGRADUATE STUDENTS. 136727532 136727532 3864474 SCHOLARSHIPS - TO PROVIDE STUDENTS WITH ACADEMIC AND/OR NEED-BASED TUITION ASSISTANCE. 54606406 53474811 AUXILIARIES - TO MEET NON-INSTRUCTIONAL NEEDS OF STUDENTS SUCH AS DORMS AND CAFETERIA SERVICES. 46449395 5829148 ACADEMIC SUPPORT 41965940 5512133 STUDENT SERVICES 4429431 1580442 RESEARCH 92844766 12921723 407496140 true true false true false false false true false true true true false true true true true false true true true false false true true false false false true true true false false false false false false false false true true true true false false false true true true false false true X 402 0 true 5622 true true true false false false false true true false false false false X 30 27 false false true false false false false true true false false true true true true true true true true false NY X ROBERT C ALMON 2123461227 PACE UNIVERSITY235 ELM ROAD BRIARCLIFF MANOR NY 10510 X MARK M BESCA TRUSTEE 1.0 X 0 0 0 ANIELLO A BIANCO TRUSTEE 1.0 X 0 0 PHILIP F BLESER TRUSTEE 1.0 X 0 0 CHRISTOPHER A EDWARDS TRUSTEE 1.0 X 0 0 JOHN A GERSON TRUSTEE 1.0 X 0 0 CYNTHIA GREER GOLDSTEIN TRUSTEE 1.0 X 0 0 BARRY M GOSIN TRUSTEE 1.0 X 0 0 BRIDGET-ANNE HAMPDEN TRUSTEE 1.0 X 0 0 JAMES E HEALEY TRUSTEE 1.0 X 0 0 CHARLES N JORDAN JR TRUSTEE 1.0 X 0 0 SURESH MUNSHANI TRUSTEE 1.0 X 0 0 EDWARD F MURPHY TRUSTEE 1.0 X 0 0 JOHN T O'CONNOR TRUSTEE 1.0 X 0 0 MICHAEL O'REILLY TRUSTEE 1.0 X 0 0 DAVID J PECKER TRUSTEE 1.0 X 0 0 BARBARA ANN PORCEDDU TRUSTEE 1.0 X 0 0 THOMAS J QUINLAN TRUSTEE 1.0 X 0 0 CAROL RAPHAEL TRUSTEE 1.0 X 0 0 JACK J RIBEIRO TRUSTEE 1.0 X 0 0 JOSEPH F RYAN TRUSTEE, FT FACULTY MEMBER 1.0 X 206145 59463 JACK L SALZMAN TRUSTEE 1.0 X 0 0 IVAN G SEIDENBERG TRUSTEE 1.0 X 0 0 MARIE J TOULANTIS TRUSTEE 1.0 X 0 0 RICHARD F ZANNINO TRUSTEE 1.0 X 0 0 SUSAN S WALLACH TRUSTEE 1.0 X 0 0 NANCY A GARVEY PHD TRUSTEE 1.0 X 0 0 JOSEPH IANNIELLO TRUSTEE 1.0 X 0 0 PHOTEINE M ANAGNOSTOPOULOS TRUSTEE 1.0 X 0 0 STEPHEN J FRIEDMAN PRESIDENT 40.0 X X 642864 43939 HAROLD O LEVY TRUSTEE 1.0 0.0 X 0 0 ROBERT C ALMON EVP AND CFO 40.0 X 255146 25961 UDAY SUKHATME PROVOST & EVP ACADEMIC AFFAIRS 40.0 X 374350 37337 STEPHEN BRODSKY CORP SECRETARY & LEGAL COUNSEL 40.0 X 208280 50374 ELIZABETH GARTI ASSOCIATE VP FOR HR 40.0 X 155972 15452 THOMAS A HULL VP, INFORMATION TECHNOLOGY 40.0 X 190621 41370 ROBERT GM KEATING VP, STRATEGIC INITIATIVES 40.0 X 226232 25156 WILLIAM MCGRATH SVP AND CAO 40.0 X 292266 29219 JENNIFER BERNSTEIN VICE PRESIDENT FOR DEVELOPMENT 40.0 X 202610 52641 MATTEO RENNA ASSOCIATE VP FOR HR 40.0 X 154751 44680 ROBINA C SCHEPP VICE PRESIDENT FOR ENROLLMENT 40.0 X 246623 25201 TOBY R WINER EVP AND CFO 40.0 X 253692 25019 THOMAS M BRADY TREASURER 40.0 X 165610 17166 FREDERICA N WALD VP AND CHIEF MARKETING OFFICER 40.0 X 198368 16832 CHRISTOPHER V ELARDE INTERIM CIO 40.0 X 132433 35961 NEAL S BRAUN DEAN, LUBIN SCHOOL OF BUSINESS 40.0 X 335432 36492 HARRIET R FELDMAN DEAN, COLLEGE OF HEALTH PROFS 40.0 X 267189 28281 NIRA HERRMANN DEAN, DYSON COLLEGE 40.0 X 307446 27711 ANDREA M SPENCER DEAN, SCHOOL OF EDUCATION 40.0 X 185499 36383 MICHELLE S SIMON DEAN, SCHOOL OF LAW 40.0 X 400371 36608 AMAR GUPTA DEAN, SEIDENBERG SCHOOL 40.0 X 348695 55685 JOHN NOLON PROFESSOR, LAW SCHOOL 40.0 X 272983 67428 BERNARD H NEWMAN PROFESSOR, LUBIN SCHOOL 40.0 X 358915 21948 CHARLES D MASIELLO PROFESSOR, DYSON COLLEGE 40.0 X 297045 34169 LILLIE M SHORTRIDGE-BAGGETT PROFESSOR, LIENHARD SCHOOL 40.0 X 268115 19876 MICHAEL SZENBERG PROFESSOR, LUBIN SCHOOL 40.0 X 429301 19228 7376954 0 929580 387 false true false ABM JANITORIAL SVCS NORTHEAST INC 551 Fifth Avenue Suite 300 NEW YORK NY 10176 CLEANING SERVICES 9108846 EINHORN YAFFE PRESCOTT AE PC 257 FULLER ROAD 1ST FLOOR ALBANY NY 12203 ARCHITECTURE SERVICE 2494487 WINFIELD SECURITY CORP 57 WEST 38TH STREET NEW YORK NY 10018 SECURITY SERVICES 5644797 KIRCHOFF-CONSIGLI CONSTRUCTION MGMT 199 WEST ROAD SUITE 100 PLEASANT VALLEY NY 12569 CONSTRUCTION SERVICE 2492417 CHARTWELLS DINING SERVICE 303 CROSSWAYS PARK DRIVE WOODBURY NY 11797 FOOD SERVICES 10571597 150 X 1104644 7721458 7649456 1363962 16475558 TUITION AND FEES 900099 387487983 387487983 DORMITORY RENTALS 900099 43807000 43807000 FOOD SERVICE REVENUE 900099 9644231 9644231 ACADEMIC ACTIVITIES 900099 3286798 3286798 BOOKSTORE COMMISSIONS 900099 350000 350000 263824 263824 444839836 2198263 -8031 2206294 -74785 -74785 70000 70000 2238662 2228412 10250 0 10250 10250 134647961 107949148 26698813 26698813 26698813 280291 583186 -302895 -302895 0 0 NON-PROGRAM REVENUE 900099 2415528 2415528 INVESTMENTS IN FUNDS HELD BY TRUSTEE 900099 2618 2618 ATHLETIC MEMBERSHIP 900099 655118 655118 3073264 492988304 444839836 -8031 31680941 0 136727532 136727532 0 0 6420118 2661749 3356332 402037 0 144478065 121250742 20503445 2723878 9970040 8367186 1414887 187967 32554539 27320840 4619941 613758 10443706 8596590 1633018 214098 0 582110 26361 553049 2700 297929 297929 0 273031 273031 602174 602174 8498886 5633571 2633726 231589 4421109 3626824 511881 282404 10562775 6444504 3934324 183947 2657040 764227 1788109 104704 0 56230526 48472839 7757687 5367704 4664836 483989 218879 0 723382 532526 177582 13274 4258972 3928639 330333 0 11997804 10835119 1162685 1103934 691684 407250 5000 MEALS COSTS&STUDENT ACTIVITY 10269600 9630030 568791 70779 LIBRARY BOOK PURCHASES 2108978 2091974 17004 0 EQUIPMENT REPAIR SERVICE EXP 2835103 2371014 464089 0 MISC EXPENSES 2990491 2857353 107961 25177 466375548 407496140 53326186 5553222 0 0 18421002 11183992 11845608 10604842 9044833 9097049 0 0 0 0 13146825 12882717 41621 41621 4814525 6649708 446370755 164723268 269309259 281647487 121910971 73236910 17960243 86559341 0 0 0 0 11341754 101234305 477836641 593137972 36756619 46078534 12725794 12841700 13764323 18312485 104869721 201469455 0 0 0 0 53670000 34130000 0 0 95230391 95952060 317016848 408784234 X 8864584 9942479 74961052 95910910 76994157 78500349 160819793 184353738 477836641 593137972 X 26612756 -3193137 114326 X false true X true true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false false false false true 3470 false true 1764 5234 false SCHEDULE C, PART II-B, QUESTIONS 1(B),1(G) LOBBYING IS NOT A SUBSTANTIAL PART OF PACE UNIVERSITY'S OVERALL BUDGET. PACE UNIVERSITY ENGAGES IN INSUBSTANTIAL LEGISLATIVE ADVOCACY AT THE FEDERAL LEVEL AND MODEST ACTIVITY AT THE NEW YORK STATE AND NEW YORK CITY LEVELS. THE UNIVERSITY'S LOBBYISTS OCCASIONALLY ADVOCATE FOR APPROPRIATIONS FOR PROGRAMS OF IMPORTANCE TO THE UNIVERSITY. PACE UNIVERSITY RECEIVES FUNDING FOR STUDENT AID FROM THE STATE OF NEW YORK AND THE FEDERAL GOVERNMENT. THE AMOUNT AND CONTINUATION OF THESE FUNDS ARE NOT GUARANTEED. THE MAJORITY OF THE UNIVERSITY'S EFFORTS ARE RELATED TO ACTIVITIES SUPPORTING STUDENT AID. THE UNIVERSITY HAS CONDUCTED MINIMAL LOBBYING ACTIVITIES RELATED TO HIGHER EDUCATION ISSUES, ISSUES THAT AFFECT PACE'S DAY TO DAY OPERATIONS, AND OTHER ISSUES RELATED TO OUR ORGANIZATIONAL MISSION. THE UNIVERSITY ALSO ENGAGES IN LEGISLATIVE ADVOCACY RELATING TO DOMESTIC RELATIONS ISSUES (IN CONNECTION WITH PACE'S WOMEN'S JUSTICE CENTER) AND ENVIRONMENTAL ISSUES(IN CONNECTION WITH PACE'S LAND USE LAW CENTER). SCHEDULE C, PART II-B, QUESTION 1(I) UNIVERSITY STUDENTS PARTICIPATE IN ANNUAL LOBBY DAY ACTIVITIES ORGANIZED BY CICU (COMMISSION FOR INDEPENDENT COLLEGES AND UNIVERSITIES), DURING WHICH THE STUDENTS, ACCOMPANIED BY OUR REGISTERED LOBBYISTS, MEET WITH ELECTED OFFICIALS TO DISCUSS THE IMPORTANCE OF STATE FINANCIAL AID AND OTHER ISSUES. 1 X false 137634274 1661201 25363075 2729002 4647473 0 157282075 121762155 2427072 16795741 1986567 1364127 0 137634274 124108887 2493401 -1963147 1296268 1580718 0 121762155 102527976 3441952 20903392 1502690 1261743 0 124108887 92989794 3605979 8484805 1141470 1411132 0 102527976 0.06000 0.47000 0.47000 false false 12659093 12659093 323990844 102171154 221819690 30802557 13843915 16958642 77868041 48708199 29159842 1050220 1050220 281647487 COMMINGLED FUNDS 28381471 F ALT INVESTMENTS - DIVERSIFIERS 11818737 F ALT INVESTMENTS - GLOBAL EQU 10502939 F ALT INVESTMENTS - INFLATION SE 4120344 F ALT INVESTMENTS - LONG/SHORT 17597950 F ALT INVESTMENTS - LLP, LLC 14137900 F 86559341 FUNDS HELD BY BOND TRUSTEES 101234305 101234305 0 DEFERRED RENTAL REVENUE 5665178 ACCRUED POSTRETIRE. BEN. OBLG. 86837887 ASSET RETIREMENT OBLIGATION 3448995 95952060 X 355391385 -3193137 114326 -3078811 358470196 602174 133915934 134518108 492988304 331857440 2811598 2811598 329045842 602174 136727532 137329706 466375548 SCHEDULE D, PART III, QUESTIONS 1A AND 4 PACE UNIVERSITY HAS SEVERAL ART GALLERIES BETWEEN ITS PLEASANTVILLE AND NEW YORK CITY CAMPUSES THAT SERVE THE GENERAL STUDENT POPULATION WITH COURSES AND EXHIBITIONS. DONATED ARTWORK INCLUDES PHOTOGRAPHS, PAINTINGS AND SCULPTURES AND IS DISPLAYED ON VARIOUS INTERIOR AND EXTERIOR CAMPUS LOCATIONS AND IN SPECIAL EXHIBITIONS DESIGNED TO PROVIDE VISUAL LITERACY AS PART OF THE UNIVERSITY LEARNING EXPERIENCE. AS THE VALUE OF SUCH ART COLLECTIONS IS NOT MATERIAL TO THE UNIVERSITY AS A WHOLE, THE FOOTNOTES TO THE UNIVERSITY'S FINANCIAL STATEMENTS DO NOT INCLUDE RELATED TEXT. SCHEDULE D, PART V, QUESTION 4 The University's endowment consists of approximately 392 individual funds established for a variety of purposes, including support of scholarships, academic programs, academic chairs, student activities, research, institutional support and capital projects. Our endowment includes both donor restricted endowment funds and funds designated by the Board of Trustees to function as endowments (quasi endowments). The University's investments are managed to achieve the maximum prudent long term total return. The University's board of trustees has authorized a policy designed to preserve the value of these investments in real terms (after inflation) and provide a predictable flow of funds to support operations. SCHEDULE D, PART X, LINE 2 Based on our review of the University's activities and the tax advice received from PwC, we do not believe there are any uncertainties that would require a tax accrual at June 30, 2014. SCHEDULE D, PART XI, LINE 2D DESCRIPTION AMOUNT CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS $ 114,326 SCHEDULE D, PART XI, LINE 4B DESCRIPTION AMOUNT SCHOLARSHIPS $136,727,532 RENT EXPENSES -$2,228,412 SPECIAL EVENTS EXPENSE -$583,186 _____________ $133,915,934 SCHEDULE D, PART XII, LINE 2D DESCRIPTION AMOUNT RENT EXPENSE $2,228,412 SPECIAL EVENTS EXPENSE $ 583,186 ____________ $2,811,598 SCHEDULE D, PART XII, LINE 4B DESCRIPTION AMOUNT SCHOLARSHIPS $136,727,532 true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, QUESTION 3 THE ENROLLMENT MARKETING TEAM AND THE UNIVERSITY'S RELATIONS MARKETING TEAM ARE FULLY KNOWLEDGEABLE OF THE REQUIREMENTS OF THE UNIVERSITY'S RACIALLY NONDISCRIMINATORY POLICY AND ENSURE THAT APPROPRIATE POLICY LANGUAGE IS INCLUDED IN ALL PROMOTIONAL MATERIALS. SCHEDULE E, PART I, QUESTION 6A THE UNIVERSITY PARTICIPATES IN STUDENT FINANCIAL AID PROGRAMS THROUGH THE U.S. DEPARTMENT OF EDUCATION (PELL GRANT PROGRAM, PERKINS LOAN PROGRAM, DIRECT LOAN PROGRAM, SUPPLEMENTAL EDUCATION OPPORTUNITY GRANT PROGRAM, FEDERAL WORK STUDY PROGRAM, AS WELL AS OTHER SMALLER PROGRAMS) AND U.S. DEPARTMENT OF HEALTH AND HUMAN SERVICES (NURSING STUDENT LOAN PROGRAM AND SCHOLARSHIPS FOR DISADVANTAGED STUDENTS). Europe (Including Iceland and Greenland) 7 Program Services TRAVEL COURSES 34096 South America 6 Program Services TRAVEL COURSES 9265 East Asia and the Pacific 5 Program Services TRAVEL COURSES 39633 East Asia and the Pacific 4 Fundraising 90281 Europe (Including Iceland and Greenland) Program Services STUDENT RECRUITMENT 5269 Europe (Including Iceland and Greenland) 1 Program Services CONFERENCES, OTHER 2106 East Asia and the Pacific Program Services STUDENT RECRUITMENT 2700 23 23 183350 183350 true false true true false false X X X X X X X true TELECOMP TELEFUNDRAISING Tele- fundraising false 234923 205096 29827 HOSPITALITY RESOURCE GROUP SPECIAL STRATEGY & EXECUTION true 272408 38000 234408 RUFFALO CODY LLC CONSULTING MARKE Tele- Fundraising false 63568 29935 33633 570899 273031 297868 NY SOPA DINNER 582141 518755 63386 5377 162656 23135 124063 PWJC DINNER 222320 153163 69157 4178 1400 38299 20147 8 580474 432726 147748 8663 25700 93749 75819 1384935 1104644 280291 18218 189756 132048 23135 220029 583186 -302895 Schedule G, Part I, Line 2b (iii) Hospitality Resource Group (HRG) receives gifts by mail (checks and credit card authorizations) directly for Pace University events from various donors. HRG overnights the checks and authorizations within three business days to the university's gift lockbox for deposit or charge (in the case of credit card authorizations). true SCHOLARSHIPS 8601 136727532 BOOK TUITION REDU SCHEDULE I, PART I, LINE 2 THE UNIVERSITY AWARDS FEDERAL AND STATE FINANCIAL AID FUNDS EACH YEAR BASED UPON A STUDENT'S FINANCIAL NEED. ADDITIONALLY, THE UNIVERSITY PROVIDES INSTITUTIONAL AID VIA UNIVERSITY GRANTS ON THE BASIS OF ACADEMIC ACHIEVEMENTS, FINANCIAL NEED, AND OTHER STANDARDS. THE OFFICE OF FINANCIAL AID VERIFIES THE ACADEMIC ACHIEVEMENTS AND THE PERSONAL INCOME DATA PROVIDED FOR ON THE FREE APPLICATION FOR FEDERAL STUDENT AID (FAFSA) OF EACH STUDENT TO DETERMINE THE AMOUNT OF AID AWARDED ON AN AS NEEDED BASIS. THE UNIVERSITY ALSO OFFERS SCHOLARSHIPS FUNDED THROUGH SPECIAL ENDOWMENTS AND DONATIONS, WHICH ARE AWARDED BASED ON SIMILAR STANDARDS AS WELL AS DONOR'S CRITERIA. THE OFFICES OF FINANCIAL AID AND FINANCE CONTINUOUSLY MONITOR STUDENT ELIGIBILITY FOR THESE AWARDS. X X X true true X X X X X true false false false false false false true false JOSEPH F RYAN TRUSTEE, FT FACULTY MEMBER 205749 0 396 43953 15510 265608 ROBERT C ALMON EVP AND CFO 242000 0 13146 22860 3101 281107 UDAY SUKHATME PROVOST & EVP ACADEMIC AFFAIRS 373342 0 1008 22950 14387 411687 STEPHEN BRODSKY CORP SECRETARY & LEGAL COUNSEL 208277 0 3 26014 24360 258654 STEPHEN J FRIEDMAN PRESIDENT 533577 100000 9287 22950 20989 686803 ELIZABETH GARTI ASSOCIATE VP FOR HR 148388 0 7584 11221 4231 171424 THOMAS A HULL VP, INFORMATION TECHNOLOGY 190507 0 114 16998 24372 231991 ROBERT GM KEATING VP, STRATEGIC INITIATIVES 221246 0 4986 20082 5074 251388 WILLIAM MCGRATH SVP AND CAO 291252 0 1014 22950 6269 321485 JENNIFER BERNSTEIN VICE PRESIDENT FOR DEVELOPMENT 202550 0 60 19280 33361 255251 MATTEO RENNA ASSOCIATE VP FOR HR 154511 0 240 12748 31932 199431 ROBINA C SCHEPP VICE PRESIDENT FOR ENROLLMENT 246359 0 264 22172 3029 271824 TOBY R WINER EVP AND CFO 221867 0 31825 22500 2519 278711 THOMAS M BRADY TREASURER 164800 0 810 14832 2334 182776 FREDERICA N WALD VP AND CHIEF MARKETING OFFICER 198104 0 264 4500 12332 215200 CHRISTOPHER V ELARDE INTERIM CIO 132433 0 12844 23117 168394 NEAL S BRAUN DEAN, LUBIN SCHOOL OF BUSINESS 335036 0 396 36492 371924 HARRIET R FELDMAN DEAN, COLLEGE OF HEALTH PROFS 266181 0 1008 12750 15531 295470 NIRA HERRMANN DEAN, DYSON COLLEGE 306300 0 1146 22950 4761 335157 ANDREA M SPENCER DEAN, SCHOOL OF EDUCATION 184797 0 702 17020 19363 221882 MICHELLE S SIMON DEAN, SCHOOL OF LAW 399357 0 1014 30600 6008 436979 AMAR GUPTA DEAN, SEIDENBERG SCHOOL 340265 0 8430 22950 32735 404380 JOHN NOLON PROFESSOR, LAW SCHOOL 271747 0 1236 52717 14711 340411 BERNARD H NEWMAN PROFESSOR, LUBIN SCHOOL 160338 0 198577 12780 9168 380863 CHARLES D MASIELLO PROFESSOR, DYSON COLLEGE 99987 0 197058 12427 21742 331214 LILLIE M SHORTRIDGE-BAGGETT PROFESSOR, LIENHARD SCHOOL 94428 0 173687 11388 8488 287991 MICHAEL SZENBERG PROFESSOR, LUBIN SCHOOL 183050 0 246251 17030 2198 448529 PART VII AND SCHEDULE J COMPENSATION TO TRUSTEE JOSEPH F. RYAN IS BASED ON HIS RESPECTIVE FACULTY POSITION HELD AT PACE UNIVERSITY DURING CALENDAR 2013 AND IS NOT RELATED TO HIS POSITION AS TRUSTEE. THE AVERAGE HOURS PER WEEK DISCLOSED PERTAINS TO HIS POSITION AS TRUSTEE. PART VII AND SCHEDULE J Mr. Almon separated from his position as University's Executive Vice President, Finance and Planning and Chief Financial Officer effective January 23, 2012. Subsequent to that date Mr. Almon served as Senior Advisor to the University's President. Mr. Almon was reappointed Executive Vice President, Finance and Planning and Chief Financial Officer effective September 1, 2013. SCHEDULE J, PART I, LINE 1A AND 1B Short Term housing allowances are occasionally provided per initial hiring agreements and are treated as taxable compensation. Chauffeur services are provided per employment contracts for University business; any personal travel expenses are treated as taxable compensation to the respective officer. Social club dues are paid in accordance with individual employment contracts or business considerations. SCHEDULE J, PART I, LINE 7 Certain officers earned non-fixed payments either based on successful completion of individual/divisional/university wide strategic and operational goals or based on additional responsibilities or roles. In addition, one officer receives a mileage stipend as part of his employment contract. All non-fixed payments paid by Pace University in Calendar year 2013 have been included in Part VII and Schedule J compensation reporting. SCHEDULE J, PART I, LINE 4A PACE UNIVERSITY PROVIDES SEVERANCE AGREEMENTS TO TERMINATED EMPLOYEES DEPENDENT UPON CIRCUMSTANCES OF TERMINATION. AGREEMENTS ARE EXECUTED VIA COLLABORATION OF OUR HUMAN RESOURCES AND LEGAL DEPARTMENTS, WHEREAS EMPLOYEES ARE PROVIDED THE OPTION OF ACCEPTING OR DECLINING THE TERMS AND CONDITIONS OF THE AGREEMENT. DURING THE 2013 REPORTING PERIOD, PACE UNIVERSITY EXECUTED ONE SEVERANCE AGREEMENT FOR AN OFFICER REPORTED ON FORM 990. PACE UNIVERSITY EXTENDED A VOLUNTARY INCENTIVE RETIREMENT PROGRAM TO ELIGIBLE FACULTY MEMBERS. UNDER THE TERMS AND CONDITIONS OF THE AGREEMENT, FOUR OF THE HIGHLY COMPENSATED EMPLOYEES REPORTED ON FORM 990 VOLUNTEERED TO PARTICIPATE IN THIS OFFERING. A DORMITORY AUTHORITY OF THE STATE OF NY (DASNY) 146000293 649907JB9 2013-03-07 104775845 FUND NEW CAPITAL PROJECTS false false false B WESTCHESTER COUNTY LOCAL DEVELOPMENT CORPORATION 455135578 95737TBD7 2014-04-03 99996810 FINANCE UNIVERSITY CONSTRUCTION false false false A 2900000 0 104814874 0 0 0 957351 0 0 30665799 70752695 2439029 2017 true false false true B 0 0 99939308 0 1181303 0 1947304 0 0 245474 0 97746530 2017 false false false true A false false true true true true 0 false false false true B false false true true true true 0 false false false true A false false false false false false 0 false 0 false true B false false false false true false 0 false 0 false true A true B true Schedule K, Part II, LINE 3 Total Proceeds of Issue Column A For the Dormitory Authority Of the State Of New York Bond 2013A-- the amount on Line 3 represents original issuance costs of $104,775,845 (including $95,840,000 of principal and $8,935,845 of premium) and accumulated earnings on the related construction fund through June 30, 2014 of $39,029. The outstanding Bond balance at June 30, 2014 was $101,467,350, which includes $95,840,000 of principal and unamortized premium of $8,527,350. Column B for the Westchester County Local Development Corporation Bond 2014A and B-the amount on Line 3 represents original issuance cost of $100,590,000 less the accumulated loss of $57,502 and the original discount of $593,190. The outstanding Bond balance at June 30, 2014 was $100,002,105 which includes $100,590,000 of principal less unamortized discount of $587,895. SCHEDULE K, PART II, LINE 7 Issuance Costs From Proceeds Column A and B The amount in Line 7 represents costs of issuance subject to the two percent limit of code section 147(G). Schedule K, Part II, Line 13 Schedule K, Part III, LINE 4 and 5 Private Business Use The percentage of finance property used in a private business use by the entities other than a Section 501(C)(3) Organization or a State or Local Government and the percentage of financed property used in a private business use as a result of unrelated trade or business activity carries on by the University, another 501(C)(3) Organization or State or Local Government, is zero. POONAM GUPTA STUDENT ASSISTANCE SPOUSE OF KEY EMPLOYEE 17525 COMPENSATION, PART TIME STAFF false MEDHA U SUKHATME ENROLLMENT MGT SPOUSE OF KEY EMPLOYEE 56240 COMPENSATION, FULL TIME STAFF false THOMAS J QUINLAN III CEO RRD TRUSTEE 140697 PYMT TO RR DONNELLEY FOR SVS false X 4 1 VALUED $1 PER DONOR X 130 RETAIL VALUE X 25 1295188 QUOTED PRICES X VARIOUS ITEMS FOR AUCTION AT FUNDRAISING EVENTS 153 42242 RETAIL VALUE X COMPUTER HARDWARE 1 1 RETAIL VALUE X COMPUTER SOFTWARE 1 26400 RETAIL VALUE 1 false true true SCHEDULE M, LINE 32A THE ORGANIZATION USES A STOCKBROKER TO RESELL DONATED SECURITIES. PART I, COLUMN B PACE UNIVERSITY USES A COMBINATION OF REPORTING THE NUMBER OF CONTRIBUTIONS AND THE NUMBER OF ITEMS RECEIVED. Core Form, Part VI, Section B, Line 11A The Form 990 is prepared by the University's Associate Vice President and Controller as assisted by various other staff members in the Finance and Planning Department. The prepared Form is reviewed by the University's President, Chief Financial Officer and In-House Legal Counsel as well as PriceWaterhouseCoopers, LLP the University's outside tax advisors. A draft Form 990 is then presented to the Audit Committee of the Board of Trustees for approval, followed by distribution of the final copy of Form 990 to all members of the Board of Trustees before it is filed. CORE FORM, PART VI, SECTION B, LINE 12(C) Conflict of Interest Policy Disclosure Forms (the "Disclosure Forms") are annually submitted to and retrieved from the University's Trustees, Officers, Deans and Key Employees. The Disclosure Forms for Officers, Deans and Key Employees are reviewed by the Associate Vice President of Human Resources and University In-House Legal Counsel. Potential officer, dean and key employee conflicts are vetted with supervisors in consultation with the Associate Vice President of Human Resources and University's In-House Legal Counsel. The Disclosure Forms for the Trustees are reviewed by University In-House Legal Counsel, who prepares a spreadsheet listing potential trustee conflicts for review by the Board's Committee of Trustees. This listing is used as (1) a guide to ensure that conflicted Trustees are recused from discussions and voting when appropriate and (2) input to assess disclosures in the University's Form 990. CORE FORM, PART VI, SECTION B, LINE 15 Each year, the Chair of the University's Board of Trustees requests the Human Resources Department to collect comparative presidential compensation data from the College and University Professional Association for Human Resources (CUPA-HR), as well as published Form 990 data from such sources as the Chronicle of Higher Education, as a basis in setting the annual compensation of the President of the University for the upcoming year. With respect to other University officers, deans and key employees, each year prior comparability data from peer institutions is collected and summarized for review by the President (nine comparable doctoral class institutions of similar size, scope and organizational complexity, locally and nationally, used as comparators for several academic and financial scopes across the university). This data obtained via survey, and at times via outside independent consultant, is used by the President to present compensation adjustments to the University's independent Compensation Committee of the Board of Trustees. The competitive data obtained is also used when determining compensation offers for new hires at the executive level. Once this data is collected and presented for approval by the Compensation Committee and the Board of Trustees, documentation of the surrounding discussions and decisions is prepared by the Special Assistant to the Board of Trustees and filed with the University Archivist, along with the related minutes of the meetings for historical record. The University further has a robust performance evaluation process in place, the results of which are considered during the compensation determination process. The University's President does not take part in Board voting relating to matters involving his compensation, benefits and other terms and conditions of his employment, or participate in or attend Board meetings and discussions relating thereto, except at times when responding to questions from the Compensation Committee. CORE FORM, PART V, LINE 4A AND 4B The University's financial holdings in any foreign country are limited to equity interests in commingled investment vehicles. Accordingly, the University is not required to file FINCEN REPORT 114 (FORMERLY Form TD F 90-22.1) Report of Foreign Bank and Financial Accounts. CORE FORM, PART VI, SECTION C, LINE 19 The University's audited financial statements and the Conflict of Interest Policy are posted on its website. Form 990 and 990-T are available upon request. The University's governing documents are not available to the public. CORE FORM, PART III, LINE 4D A description of the University's other significant program service activities are as follows: ACADEMIC SUPPORT- To provide facilities and personnel to support INSTRUCTIONAL staff in educational efforts such as libraries, academic computer centers, audio visual aids, etc.. STUDENT SERVICES- To meet non-instructional needs of students such as admissions, registration, counseling, career planning, and social and cultural activities. RESEARCH- To support activities specifically organized to produce research, whether commissioned by an agency external to the University or separately budgeted by an organizational unit within the University. PART XI, LINE 9 The change in value of Split-Interest Agreements $114,326 CORE FORM, PART VI, SECTION A, LINE 4 The University's By-Laws were amended on July 31, 2013 for the purpose of combining the Pension Special and Investment Committees that were previously separate committees. On May 8, 2014 the By-laws were amended for the addition of the composition and qualification of Special Alumni and Parent Trustee Classes to the voting members of the Board of Trustees. In addition the By-Laws were also modified on September 16, 2014 to comply with the requirements of the New York Non-Profit Revitalization Act primarily related to Interested Trustees, Related Parties, and Related Party Transactions . As part of this amendment, the University's conflict of interest policy was materially amended and removed from the By-Laws and is now a stand-alone Trustee policy. All such amendments and modifications were approved by the Board of Trustees. The July 31, 2013 amendment was not considered to be significant to the University's governing documents. The May 8, 2014 and the September 16, 2014 amendments are considered significant changes to the University's governing documents based on Form 990 Part VI, line 4 instructions. PACE ENVIRONMENTAL LITIGATION CLINIC 78 NORTH BROADWAY WHITE PLAINS NY 10603 133709483 EDUCATION NY 501(C)(3) 11(A) NA true JOHN JAY LEGAL SERVICES INC 80 NORTH BROADWAY WHITE PLAINS NY 10603 133403308 EDUCATION NY 501(C)(3) 11(A) NA true Pace University Fund LP 125 High Street Boston MA 02110 463422188 Investments DE Pace University EXCLUDED 864370 114134516 false false 0.99999 Charitable Remainder Unitrust (1) Trust Distrib NY PACE UNIVERSITY T false Unitrust (1) Trust Distrib NY PACE UNIVERSITY T false Pooled Life Income Fund (1) Trust Distrib NY PACE UNIVERSITY T false false true false false false false false false false false false false true false false false false false PACE UNIVERSITY FUND LP 1B 111786601 BOOK PACE ENVIRONMENTAL LITIGATION CLINIC 1N 0 NONE JOHN JAY LEGAL SERVICES INC 1N 0 NONE SCHEDULE R, PART V PACE UNIVERSITY FUND, LP (PACE FUND) IS A LIMITED PARTNERSHIP, WHICH COMMENCED OPERATIONS ON DECEMBER 4, 2013, IN WHICH THE UNIVERSITY IS THE SOLE LIMITED PARTNER AND CAMBRIDGE ASSOCIATES RESOURCES, LLC IS THE GENERAL PARTNER. THE PARTNERSHIP ACTS AS AN INVESTMENT VEHICLE FOR A SIGNIFICANT PORTION OF THE UNIVERSITY'S ENDOWMENT. THE PACE FUND IS RECORDED AT NET ASSET VALUE AT JUNE 30, 2014.