2011-05-12T09:17:41-04:00 2010-06-30 PRICEWATERHOUSECOOPERS LLP 300 MADISON AVENUE NEW YORK NY 10017 990 2009-07-01 135562314 PACE UNIVERSITY PACE 9149232600 ONE PACE PLAZA CONTROLLERS OFFICE NEW YORK NY 100381598 ROBERT C ALMON 2011-05-12 true 6464713000 2009 2016-02-24 21:20:13Z STEPHEN J FRIEDMAN ONE PACE PLAZA NEW YORK NY 100381598 419572399 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 & DIVERSE STUDENT POPULATION. DIVERSE PROGRAMS ARE OFFERED AT THE GRADUATE AND UNDERGRADUATE LEVELS. 30 26 5017 28 -5967 -8717 16206263 15662199 335540769 363755613 1005421 2598160 3522976 3160652 356275429 385176624 83959859 114576505 0 0 169270247 182346219 1036270 667312 3893537 115861145 108769752 370127521 406359788 -13852092 -21183164 456691662 432936055 312828366 303119037 143863296 129817018 PACE UNIVERSITY IS AN INDEPENDENT, COEDUCATIONAL, NONSECTARIAN, NOT-FOR-PROFIT INSTITUTION OF HIGHER EDUCATION WITH CAMPUSES IN NEW YORK CITY AND WESTCHESTER COUNTY. FOUNDED IN 1906, PACE WAS GRANTED COLLEGE STATUS IN 1948. WE ARE EXEMPT FROM FEDERAL TAXES UNDER SECTION 501(C)(3). PACE CONSIDERS TEACHING AND LEARNING ITS PRIORITY. PACE IS COMMITTED TO THE NEEDS OF STUDENTS. OFFERING ACCESS AND OPPORTUNITY TO QUALIFIED MEN AND WOMEN, PACE EMBRACES PERSONS OF DIVERSE TALENTS, INTERESTS, EXPERIENCES, AND ORIGINS WHO HAVE THE WILL TO LEARN. 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LIBRARIES, ACADEMIC COMPUTER CENTERS, AUDIO VISUAL AIDES, ETC). 42058124 0 40123388 AUXILIARIES 38865739 0 3270122 STUDENT SERVICES 2816213 0 808159 RESEARCH 83740076 0 44201669 359623459 true true false true false false true false 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 false true true true false false false true true true false true 231 0 true 5017 true true true false false false false true true false false false 30 26 false false false false false false false true true false false true true true true true true true true false NY X TOBY R WINER 9149232720 PACE UNIVERSITY235 ELM ROAD BRIARCLIFF MANOR NY 10510 Mark M Besca 1.0 X 0 0 0 Aniello A Bianco 1.0 X 0 0 0 Philip F Bleser 1.0 X 0 0 0 Donald L Boudreau 1.0 X 0 0 0 Christopher A Edwards 1.0 X 0 0 0 John A Gerson 1.0 X 0 0 0 Cynthia Greer Goldstein 1.0 X 0 0 0 Barry M Gosin 1.0 X 0 0 0 Bridget-Anne Hampden 1.0 X 0 0 0 James E Healey 1.0 X 0 0 0 Charles N Jordan Jr 1.0 X 0 0 0 Harold O Levy 1.0 X 0 0 0 Suresh Munshani 1.0 X 0 0 0 Edward F Murphy 1.0 X 0 0 0 John T O'Connor Esq 1.0 X 0 0 0 Michael O'Reilly 1.0 X 0 0 0 David J Pecker 1.0 X 0 0 0 Barbara Ann Porceddu 1.0 X 0 0 0 Maria Fiorini Ramirez 1.0 X 0 0 0 Carol Raphael 1.0 X 0 0 0 Jack J Ribeiro 1.0 X 0 0 0 Robert A Rivero 1.0 X 0 0 0 Joseph F Ryan 1.0 X 150129 0 22536 Jack L Salzman 1.0 X 0 0 0 Ivan G Seidenberg 1.0 X 0 0 0 Marie J Toulantis 1.0 X 0 0 0 Hal J Upbin 1.0 X 0 0 0 Ivor A Whitson 1.0 X 5409 0 57 Richard F Zannino 1.0 X 0 0 0 Stephen J Friedman 40.0 X X 502352 0 35553 Thomas J Quinlan III 1.0 X 0 0 0 Geoffrey L Brackett 40.0 X 320155 0 47773 Stephen Brodsky 40.0 X 192498 0 41543 Robert Keating 40.0 X 202749 0 2554 Darnita Killian 40.0 X 175723 0 30879 William McGrath 40.0 X 237400 0 24579 Christine M Meola 40.0 X 158051 0 22236 Karen F Robilotta 40.0 X 193771 0 27905 Robina C Schepp 40.0 X 198944 0 21862 Rick N Whitfield 40.0 X 464628 0 43137 Toby R Winer 40.0 X 243962 0 27861 Robert C Almon 40.0 X 0 0 0 STEPHEN A GRAHAM 40.0 X 155341 0 35063 RONALD A NAHUM 40.0 X 282387 0 24475 GANESAN RAVISHANKER 40.0 X 82150 0 7030 THOMAS P TORELLO 40.0 X 16273 0 0 Joseph R Baczko 40.0 X 343614 0 19958 Harriet R Feldman 40.0 X 259949 0 43125 Nira Herrmann 40.0 X 224946 0 24400 Steven L Johnson 40.0 X 168818 0 26188 Constance A Knapp 40.0 X 155745 0 22533 Michelle S Simon 40.0 X 320444 0 35663 Steven H Goldberg 40.0 X 217266 0 44707 John R Nolon 40.0 X 289739 0 44383 Nicholas A Robinson 40.0 X 221662 0 41963 Michael Szenberg 40.0 X 246714 0 28360 JEFFREY MILLER 40.0 X 224001 0 33909 David A Caputo X 221725 0 24983 Joseph C Morreale X 206096 0 40115 6682641 0 845330 298 true true false ABM Janitorial Svcs Northeast Inc 551 Fifth Avenue Suite 300 NEW YORK NY 10176 CLEANING SERVICES 7649346 LACKMANN FOOD SERVICE INC 303 CROSSWAYS PARK DRIVE WOODBURY NY 11797 FOOD SERVICES 8298861 WINFIELD SECURITY CORP 57 WEST 38TH STREET 5TH FLOOR NEW YORK NY 10018 SECURITY SERVICES 4491297 Hagedorn Company 11 Broadway 17th floor NEW YORK NY 10004 INSURANCE BROKER 1265272 Pavarini North East Construction Co 1111 Summer Street 6th Floor STAMFORD CT 06905 CONSTRUCTION SERVICE 3511467 114 10783615 4878584 249752 15662199 TUITION AND FEES 900099 321502737 321502737 DORMITORY RENTALS 900099 33451131 33451131 FOOD SERVICE REVENUE 900099 6658804 6658804 ACADEMIC ACTIVITIES 900099 1683559 1683559 BOOKSTORE COMMISSIONS 900099 442994 442994 16388 16388 363755613 1857097 -5967 1863064 0 60000 60000 1705099 1729826 -24727 -24727 -24727 32830790 32089727 741063 741063 741063 1202634 576222 626412 626412 0 0 OTHER INCOME 900099 2498967 2498967 2498967 385176624 363755613 -5967 5764779 0 0 114576505 114576505 0 0 0 0 7316386 3545069 3377336 393981 0 0 0 0 118892895 103252453 14092889 1547553 8012786 6958699 949790 104297 39769245 34537573 4714021 517651 8354907 7098692 1129535 126680 0 0 0 0 479361 12787 465074 1500 357445 0 357445 0 0 0 0 0 667312 667312 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143863296 129817018 456691662 432936055 X false true true X true true X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true false true 58 false false true 10806 false true 2889 13753 false LOBBYING ACTIVITIES SCHEDULE C, PART II-B LOBBYING IS NOT A SUBSTANTIAL PART OF PACE UNIVERSITY'S OVERALL BUDGET. PACE 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 EFFECT 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). OTHER LOBBYING ACTIVITIES 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. 0 0 0 0 X false 92989794 3605979 8484805 1141470 1411132 0 102527976 118836147 3855278 -27283860 1311619 1106152 0 92989794 0.07000 0.62000 0.31000 false false 11285093 11285093 289682069 82644927 207037142 20550831 7873652 12677180 70722386 46400493 24321893 943169 943169 256264477 0 DEFERRED RENTAL REVENUE 9441966 ACCRUED POSTRETIRE. BEN. OBLG. 74669821 ASSET RETIREMENT OBLIGATION 3463323 FAIR VALUE OF DERIVATIVE INSTR 7566865 95141975 385176624 406359788 -21183164 7063483 73403 7136886 -14046278 280098417 7063483 353625 2379451 9796559 270301858 298261 114576505 114874766 385176624 294144695 353625 2306048 2659673 291485022 298261 114576505 114874766 406359788 Collections of Art 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 COLLECTIONS IS NOT MATERIAL TO THE UNIVERSITY AS A WHOLE, THE FOOTNOTES TO THE FINANCIAL STATEMENTS DO NOT INCLUDE RELATED TEXT. INTENDED USES OF ENDOWMENT FUNDS SCHEDULE D, PART V, QUESTION 4 The University's endowment consists of approximately 360 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. FEDERAL INCOME TAX SCHEDULE D, PART X, LINE 2 At June 30, 2010 and 2009, the University had no liabilities recorded for uncertain tax positions. OTHER AMOUNTS INCLUDED IN BOOKS BUT NOT IN RETURN SCHEDULE D, PART XII, LINE 2D DESCRIPTION AMOUNT RENT EXPENSE $1,729,826 SPECIAL EVENTS EXPENSE $ 576,222 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS $ 73,403 OTHER AMOUNTS INCLUDED IN RETURN BUT NOT IN BOOKS SCHEDULE D, PART XII, LINE 4B DESCRIPTION AMOUNT SCHOLARSHIPS $114,576,505 OTHER EXPENSES INCLUDED IN BOOKS BUT NOT IN RETURN SCHEDULE D, PART XIII, LINE 2D DESCRIPTION AMOUNT RENT EXPENSE $1,729,826 SPECIAL EVENTS EXPENSE $ 576,222 OTHER EXPENSES INCLUDED IN RETURN BUT NOT IN BOOKS SCHEDULE D, PART XII, LINE 4B DESCRIPTION AMOUNT SCHOLARSHIPS $114,576,505 RECONCILIATION OF CHANGE IN NET ASSETS - FORM 990 TO AUDITED FINANCIALS SCHEDULE D, PART XI, LINE 8 CHANGE IN VALUE OF SPLIT-INTEREST AGREEMENTS $73,403 true true true The Enrollment Marketing team and the University Relations Marketing team know of the requirement and ensure that this language appears in all promotional materials. true true true true false false false false false false false false true false THE UNIVERSITY PARTICIPATES IN STUDENT FINANCIAL AID PROGRAMS THROUGH 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 SCHOLARSHIPS FOR DISADVANTAGED STUDENTS). true Europe (Including Iceland and Greenland) 0 0 Program Services TRAVEL COURSES 198753 South America 0 0 Program Services TRAVEL COURSES 17000 Europe (Including Iceland and Greenland) 0 1 Program Services STUDENT RECRUITMENT 85114 Europe (Including Iceland and Greenland) 0 0 Program Services CONFERENCES,DUES&OTHER 21020 East Asia and the Pacific 0 0 STUDENT RECRUITMENT 11914 0 1 333801 X X X X X X X true COMMUNITY COUNSELING SERVICE STRATE Strategic Counsel false 6293026 294500 5998526 RUFFALO CODY LLC TELEFUNDRAISING AN Telefundra- ising false 304853 195490 109363 HOSPITALITY RESOURCE GROUP SPECIAL STRATEGY & EXECUTION true 314829 25000 289829 BUCKLEY HALL SPECIAL EVENT FUNDRAIS Strategy & Execution true 609300 82857 526443 ARLEEN JOHNSON ANJ ENTERPR SPECIA STRATEGY & EXECUTION true 399432 69465 329967 7921440 667312 7254128 NY LIM DINNER 395262 395262 0 3740 0 72930 800 93060 LUBIN LUNCHEON 312373 312373 0 43821 0 54399 0 58919 6 494999 494999 0 14510 35600 108033 0 90410 1202634 1202634 0 62071 35600 235362 800 242389 576222 626412 true SCHOLARSHIPS 7841 114576505 MONITORING USE OF GRANT FUNDS IN THE US 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 verify the academic performance and the income data provided on the Free Application for Federal Student Aid (FAFSA) of each student to determine the amount of aid awarded, as needed. 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 false true X X X X X X false false false false false false false true false Joseph F Ryan 149733 0 0 0 396 0 12232 0 10304 0 172665 0 0 0 Geoffrey L Brackett 307058 0 0 0 13097 0 24500 0 23273 0 367928 0 0 0 Stephen Brodsky 192498 0 0 0 0 0 23920 0 17623 0 234041 0 0 0 Stephen J Friedman 396599 0 100000 0 5753 0 22050 0 13503 0 537905 0 0 0 Robert Keating 199080 0 0 0 3669 0 0 0 2554 0 205303 0 0 0 Darnita Killian 175723 0 0 0 0 0 16358 0 14521 0 206602 0 0 0 William McGrath 234718 0 0 0 2682 0 19579 0 5000 0 261979 0 0 0 Christine M Meola 156909 0 0 0 1142 0 12863 0 9373 0 180287 0 0 0 Karen F Robilotta 193627 0 0 0 144 0 7500 0 20405 0 221676 0 0 0 Robina C Schepp 198800 0 0 0 144 0 18000 0 3862 0 220806 0 0 0 Rick N Whitfield 366664 0 95000 0 2964 0 22050 0 21087 0 507765 0 0 0 Toby R Winer 243698 0 0 0 264 0 21971 0 5890 0 271823 0 0 0 Joseph R Baczko 295614 0 0 0 48000 0 0 0 19958 0 363572 0 0 0 Harriet R Feldman 259553 0 0 0 396 0 21000 0 22125 0 303074 0 0 0 Nira Herrmann 223800 0 0 0 1146 0 20317 0 4083 0 249346 0 0 0 Steven L Johnson 168818 0 0 0 0 0 15408 0 10780 0 195006 0 0 0 Constance A Knapp 155349 0 0 0 396 0 12896 0 9637 0 178278 0 0 0 Michelle S Simon 319550 0 0 0 894 0 29400 0 6263 0 356107 0 0 0 Steven H Goldberg 216498 0 0 0 768 0 24295 0 20412 0 261973 0 0 0 John R Nolon 288971 0 0 0 768 0 29400 0 14983 0 334122 0 0 0 Nicholas A Robinson 221266 0 0 0 396 0 27094 0 14869 0 263625 0 0 0 Michael Szenberg 244728 0 0 0 1986 0 25025 0 3335 0 275074 0 0 0 David A Caputo 220957 0 0 0 768 0 11289 0 13694 0 246708 0 0 0 Joseph C Morreale 204614 0 0 0 1482 0 20459 0 19656 0 246211 0 0 0 STEPHEN A GRAHAM 155310 0 0 0 31 0 14578 0 20485 0 190404 0 0 0 RONALD A NAHUM 183429 0 0 0 98958 0 21395 0 3080 0 306862 0 0 0 JEFFREY MILLER 217857 0 0 0 6144 0 25020 0 8889 0 257910 0 0 0 Trustees Joseph F. Ryan and Ivor A. Whitson PART VII AND SCHEDULE J COMPENSATION TO TRUSTEES JOSEPH F. RYAN AND IVOR A. WHITSON IS BASED UPON THE FACULTY POSITIONS THEY HELD AT PACE UNIVERSITY DURING THEIR TERM AS UNIVERSITY TRUSTEES AND IS NOT RELATED TO THEIR ROLE AS TRUSTEES. TRUSTEE IVOR A. WHITSON TERM AS TRUSTEE ENDED MAY 2010. THE AVERAGE HOURS PER WEEK DISCLOSED ARE FOR THEIR ROLE AS TRUSTEES. DAVID A. CAPUTO, FORMER PRESIDENT PART VII AND SCHEDULE J Dr. Caputo retired from his position as University's President effective June 3, 2007. The amounts disclosed represent Dr. Caputo's regular compensation during Calendar 2009 as full time faculty. JOSEPH C. MORREALE, FORMER PROVOST AND EVP OF ACADEMIC AFFAIRS PART VII AND SCHEDULE J Dr. Morreale separated from his position as Provost and EVP of Academic Affairs effective January 15, 2007. The amounts represent Dr. Morreale's regular compensation during Calendar 2009 as full time faculty. Robert C. Almon, Executive Vice President Finance and Planning and CFO PART VII AND SCHEDULE J Hired as University's Executive Vice President Finance and Planning and CFO effective May 10, 2010. Therefore the schedule does not reflect any compensation for Mr. Almon. Rick N. Whitfield,Executive Vice President Finance and Planning and CFO PART VII AND SCHEDULE J Separated from his position as University's Executive Vice President Finance and Planning and CFO effective May 31, 2010. HOUSING ALLOWANCE, SOCIAL CLUB DUES AND CHAUFFEUR SERVICES SCHEDULE J, PART I, LINE 1B Housing allowances are provided to officers in accordance with individual employment contracts and are treated as taxable compensation to the respective officer. 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. NON-FIXED PAYMENTS 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 taking on additional responsibilities or roles. DORMITORY AUTHORITY OF THE STATE OF NY (DASNY) 146000293 64983QFF1 2005-06-01 73975000 REPAYMENT OF DASNY SER 1997 & 2000 false false 73975000 3526998 66765561 0 891582 0 0 2005 false true true true false true true MERRILL LYNCH 24.1 false false false MARK SCHEPPPACE GOVT'COMMUNITY AF SON OF PACE OFFICER 43109 COMPENSATION, FULL TIME STAFF false PHILIP BLESER OFFICER JP MORGAN C TRUSTEE 96996 BANK AND OTHER FEES false IVAN G SEIDENBERG CHAIRMAN VERIZ TRUSTEE 971950 TELECOMMUNICATION SERVICES false Antoinette D'OrazioDir Student Ser SPOUSE OF PACE OFFICER 58240 COMPENSATION, FULL TIME STAFF false X 1 4 MEMO ENTRY X 17 98689 QUOTED PRICES X LUNCHEON SPONSORSHIP 2 30916 RETAIL VALUE X VARIOUS ITEMS FOR AUCTION AT FUNDRAISING EVENTS 143 71100 RETAIL VALUE X OFFICE SUPPLIES 1 3708 RETAIL VALUE X COMPUTER HARDWARE 2 45335 RETAIL VALUE 1 false true true SELLING DONATED SECURITIES SCHEDULE M, LINE 32A The organization used a stockbroker to resell donated securities. Form 990 Review Process Core Form, Part VI, Section A, Line 11A The Form 990 is prepared by the University's Controller. It is reviewed by the University's President, Chief Financial Officer, Senior Vice President for Finance, and in-house legal counsel. A review is also performed by the University's outside tax advisors. The 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 the Form 990 to all members of the Board of Trustees before it is filed. COMPLIANCE WITH CONFLICT OF INTEREST POLICY CORE FORM, PART VI, SECTION B, LINE 12(C) Annual officer and key employee disclosure forms are reviewed by the Vice President of Human Resources and University Counsel. Potential officer and key employee conflicts are vetted with supervisors in consultation with the Vice President of Human Resources and University Counsel. Annual trustee disclosure forms are reviewed by University Counsel, who prepares a spreadsheet listing trustee conflicts for the board's committee on trustees. This list is used as a guide to ensure that conflicted trustees are recused from discussions and votes when appropriate. PROCESS FOR DETERMINING COMPENSATION FOR OFFICERS AND KEY EMPLOYEES CORE FORM, PART VI, SECTION B, LINE 15 Each year, the Chair of the Board of Trustees asks the Human Resources department of the University to collect comparative presidential compensation data from the College and University Professional Association for Human Resources (CUPA-HR), as well as published 990 data from such sources as the Chronicle of Higher Education, to use in setting the annual compensation of the President of the University for the upcoming year. With respect to other University officers, each year prior comparability data from our peer institutions (12 doctoral class institutions of similar size, scope and organizational complexity, locally and nationally) is collected and summarized for review by the President. This data, which is obtained via survey, and, in some cases, via outside independent consultant, is used by the President, to propose compensation adjustments to the independent Compensation Committee of the Board of Trustees. The University's President does not take part in Board votes relating to matters involving his compensation, benefits and other terms and conditions of his employment, or participate in or attend Board discussions relating thereto, except he may provide information or respond to questions when requested to do so by the Compensation Committee. The University further has a robust performance evaluation process in place, the results of which are considered during the compensation determination process. The competitive data is also used in 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 decisions and the discussions surrounding those decisions are written by the Special Assistant to the Board of Trustees and filed with the University Archivist, along with the minutes of the meetings for documentation and historical record. FINANCIAL ACCOUNTS IN A FOREIGN COUNTRY CORE FORM, PART V, LINE 4 The University's financial holdings in a foreign country were limited to equity interests in comingled investment vehicles. Accordingly, the University was not required to file Form TD F 90-22.1 Report of Foreign Bank and Financial Accounts. RELATED TAX-EXEMPT ORGANIZATIONS SCHEDULE R, PART V The disclosed related entities do not have separate facilities or employees. They operate out of Pace University facilities and managed by Pace University's employees. Second Century Innovations and Ideas Corporation ("SCI2") nurtures young firms and helps them survive and grow during the start up period when they are most vulnerable. SCI2 provides hands-on management assistance, access to financing and orchestrates exposure to critical business or technical support services. Pace Environmental Litigation Clinic educates law students and provide public interest legal service to not-for-profit organizations regarding environmental issues. John Jay Legal Services, Inc., provides training, supervision for law students engaged in representation of clients pursuant to Student Practice Order issued by Appellate Division, 2d Dept. AVAILABILITY OF GOVERNING AND OTHER DOCUMENTS TO THE PUBLIC CORE FORM, PART VI, SECTION C, LINE 19 The University's financial statements and 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. OTHER PROGRAM SERVICE ACTIVITIES CORE FORM, PART III, LINE 4D BELOW IS A DESCRIPTION OF OTHER SIGNIFICANT PROGRAM SERVICE ACTIVITIES: AUXILIARIES - TO MEET NON-INSTRUCTIONAL NEEDS OF STUDENTS SUCH AS DORMS AND CAFETERIA SERVICES. STUDENT SERVICES - TO MEET NON-INSTRUCTIONAL NEEDS OF STUDENTS SUCH AS ADMISSIONS, REGISTRATION, COUNSELING, CAREER PLANNING, SOCIAL AND CULTURAL ACTIVITIES. TAX EXEMPT BONDS SCHEDULE K PART II AMOUNTS IN LINE 1-5 REPRESENT ORIGINAL BOND PROCEEDS. AT JUNE 30, 2010 THE OUTSTANDING BONDS BALANCE AND RESERVE FUNDS AMOUNTED TO $73,675,000 AND $3,554,616, RESPECTIVELY. ACCUMULATED INVESTMENT EARNINGS ON THE RESERVE FUNDS THROUGH JUNE 30, 2010 AMOUNTED TO $507,618. AMOUNT IN LINE 5 REPRESENTS COSTS OF ISSUANCE SUBJECT TO THE TWO PERCENT LIMIT OF CODE SECTION 147(G). PART IV, LINE 3C TERM OF HEDGE REPRESENTS ORIGINAL TERM. TERM OF HEDGE AT JUNE 30, 2010 IS 19.1 YEARS. SECOND CENTURY INNOVATIONS AND IDEAS 163 WILLIAM STREET 3RD FLOOR NEW YORK NY 10038 571191089 INCUBATOR NY 501(C)(3) 7 NA PACE ENVIRONMENTAL LITIGATION CLINIC 78 NORTH BROADWAY WHITE PLAINS NY 10603 133709483 EDUCATION NY 501(C)(3) 11(A) NA JOHN JAY LEGAL SERVICES INC 80 NORTH BROADWAY WHITE PLAINS NY 10603 133403308 EDUCATION NY 501(C)(3) 11(A) NA false false false false false false false false false false false false true true false false false false SECOND CENTURY INNOVATIONS AND IDEAS SHARE 0 PACE ENVIRONMENTAL LITIGATION CLINIC SHARE 0 JOHN JAY LEGAL SERVICES INC SHARE 0