Pace University: Nonprofit Profile, Financials & Form 990 (EIN 13-5562314)

Marvin Krislov’s $742K as President is at the 63rd percentile of top reported officer pay among 674 $100M+ education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020
Marvin Krislov	$741,937	$711,748	$761,649	$584,197	$667,181	$631,115
Joseph Morreale	—	$457,218	—	$267,393	—	—
Robert C Almon	$439,605	$429,837	$410,602	$390,055	$378,609	$398,445
Daniel Baugher	$429,393	—	—	—	—	—
Joseph Franco	$375,704	$422,830	$283,583	—	—	—
Gary Laermer	$399,769	$387,267	$369,289	$337,421	$318,952	$342,971
Vanya Quinones	—	—	$319,065	$399,047	—	—
Vayna Quinones	—	—	—	—	$377,475	$392,593

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides diverse students with a comprehensive higher education, prioritizing quality teaching and learning alongside essential campus services like housing and dining.

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3 programs · $501.6M · in their own filed words · FY2024

01

Scholarships

To provide students with academic AND/OR need-based tuition assistance.

$246.8Mprogram expense

02

Instructional

To provide personnel, supplies, equipment and other materials for the instruction of full and part-time graduate and undergraduate students.

$157.8Mprogram expense

03

Auxiliaries

To meet non-instructional needs of students such as dorms and cafeteria services.

$97.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2025

Legal Services of the Hudson ValleyFY2025$500K

T Rowe Price Program for Charitable Giving INCFY2025$20K

Driver Family FoundationFY2025$20K

Hispanic Scholarship FundFY2025$18K

Folds of Honor FoundationFY2025$16K

Conway Foundation INCFY2025$10K

Radical Hope INCFY2025$8K

Ahold Delhaize USA Family Foundation INCFY2025$8K

Total grants receivedfrom 14 funders$624K

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Grants paid · 1 grant · $246.8M · 2024–2024

Unitemized GrantFY2024$246,808,794

By the numbers

The FY2025 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$719.1M

Ln 12

Fees for servicesLn 2g$652.2M

Gifts and grantsLn 1h$39.1M

Investment incomeLn 3$21.3M

Money outPt IX

$707.3M

Ln 25

Programscol B$624.6M

Managementcol C$74.4M

Fundraisingcol D$8.3M

Owns and owesPt X

$541.5M

net assets · Ln 32

Cash and savingsLn 1–2$3.8M

Total assetsLn 16$1.6B

LiabilitiesLn 26$1.0B

PeoplePt VI, VII

76

listed · VII A

PaidVII A42

Voting boardVI 1a35

IndependentVI 1b33

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$39.1M

Government grantsLn 1e$23.4M

Noncash giftsLn 1g$895K

Fundraising eventsLn 1c$1.9M

Fees for servicesLn 2g$652.2M

Investment incomeLn 3$21.3M

Other incomeLn 4–11$6.6M

Gains on assetsLn 7$11.8M

Total revenueLn 12$719.1M

Assets in detailPt X, end of year

CashLn 1$0

SavingsLn 2$3.8M

Cash and savings togetherLn 1–2$3.8M

InvestmentsLn 11–13$294.1M

Land, buildings, equipmentLn 10c$656.1M

Other assetsLn 15$557.8M

Total assetsLn 16$1.6B

LiabilitiesLn 26$1.0B

Net assetsLn 32$541.5M

OperationsPt I, VI

EmployeesI 55,060

VolunteersI 61,097

Fiscal year endsHeaderJune

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$5.9M	$3.8M
InvestmentsLn 11–13	$267.1M	$294.1M
Land, buildings, equipmentLn 10c	$548.7M	$656.1M
Total assetsLn 16	$1.41B	$1.58B
LiabilitiesLn 26	$898.0M	$1.04B
Net assetsLn 32	$508.9M	$541.5M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$0
Grants to domestic individualsLn 2	$246.8M	$246.8M
Grants and assistance to foreign recipientsLn 3	$0
Benefits paid to or for membersLn 4	$0
Pay of current officers, directors and key staffLn 5	$9.1M	$3.2M	$5.5M	$443K
Pay of disqualified personsLn 6	$0
Other salaries and wagesLn 7	$179.5M	$152.0M	$23.6M	$3.9M
Pension plan contributionsLn 8	$11.8M	$10.0M	$1.6M	$259K
Other employee benefitsLn 9	$37.7M	$32.0M	$5.0M	$826K
Payroll taxesLn 10	$13.6M	$11.2M	$2.1M	$313K
Management feesLn 11a	$0
Legal feesLn 11b	$719K	$280K	$439K
Accounting feesLn 11c	$376K		$376K
Lobbying feesLn 11d	$134K		$134K
Professional fundraising feesLn 11e	$466K			$466K
Investment management feesLn 11f	$1.2M		$1.2M
Other fees for servicesLn 11g	$12.7M	$6.3M	$6.1M	$192K
Advertising and promotionLn 12	$3.4M	$3.2M	$170K
Office expensesLn 13	$7.9M	$9.8M	−$2.0M	$128K
Information technologyLn 14	$10.8M	$3.4M	$7.1M	$298K
RoyaltiesLn 15	$0
OccupancyLn 16	$100.3M	$84.7M	$15.6M
TravelLn 17	$3.4M	$3.1M	$314K	$36K
Travel and entertainment for public officialsLn 18	$0
Conferences, conventions and meetingsLn 19	$653K	$505K	$114K	$34K
InterestLn 20	$7.2M	$6.7M	$586K
Payments to affiliatesLn 21	$0
Depreciation, depletion and amortizationLn 22	$22.6M	$20.7M	$1.9M
InsuranceLn 23	$3.7M	$2.1M	$1.7M
Other expenses (24a–d)Ln 24	$29.0M	$28.7M	$218K	$71K
All other expensesLn 24e	$4.2M	$92K	$2.8M	$1.3M
Total functional expensesLn 25	$707.3M	$624.6M	$74.4M	$8.3M

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$719.1M	$707.3M	$11.8M	$541.5M	990 PDF
FY2024	$707.7M	$683.3M	$24.4M	$508.9M	990 PDF
FY2023	$682.6M	$638.1M	$44.4M	$462.5M	990 PDF
FY2022	$627.8M	$586.2M	$41.7M	$396.6M	990 PDF
FY2021	$612.7M	$569.6M	$43.1M	$405.0M	990 PDF
FY2020	$597.7M	$582.8M	$14.8M	$317.6M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations

See the full FY2025 990 (6 parts)

Part I · Summary $719,108,199 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $38,077,053$39,066,327

I-9 Program service revenuePrior year $647,121,351$652,185,817

I-10 Investment incomePrior year $19,640,250$21,303,631

I-11 Other revenuePrior year $2,849,536$6,552,424

I-12 Total revenuePrior year $707,688,190$719,108,199

I-13 Grants and similar amounts paidPrior year $234,995,444$246,808,794

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $240,587,923$251,755,136

I-16a Professional fundraising feesPrior year $532,159$465,824

I-17 Other expensesPrior year $207,176,499$208,299,635

I-18 Total expensesPrior year $683,292,025$707,329,389

I-19 Revenue less expensesPrior year $24,396,165$11,778,810

Part VI · Governance 33 of 35 board members independent, no flags

VI-1a Voting members of the governing body35

VI-1b Independent voting members33

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $719,108,199 across 13 lines filed

Lines not itemized here account for $4,728,885 of total revenue; see the IRS return.

VIII-1c Fundraising events$1,874,740

VIII-1e Government grants$23,405,583

VIII-1f All other contributions, gifts and grants$13,786,004

VIII-1g Noncash contributions (included above)$894,589

VIII-1h Total contributions, gifts and grants$39,066,327

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $652,091,703$652,091,703

VIII-3 Investment incomeUnrelated business $107,845 · Excluded from tax $4,717,043$4,824,888

VIII-5 RoyaltiesExcluded from tax $111,016$111,016

VIII-6 Net rental income or lossExcluded from tax $8,088$8,088

VIII-7 Net gain or loss on sales of assetsExcluded from tax $11,843,972$11,843,972

VIII-8 Net income from fundraising eventsExcluded from tax −$584,862−$584,862

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $7,018,182$7,018,182

VIII-12 Total revenueRelated to mission $652,185,817 · Unrelated business $107,845 · Excluded from tax $27,748,210$719,108,199

Part IX · Statement of functional expenses $707,329,389 across 31 lines filed

IX-1 Grants to domestic organizations$0

IX-2 Grants to domestic individualsPrograms $246,808,794$246,808,794

IX-3 Grants and assistance to foreign recipients$0

IX-4 Benefits paid to or for members$0

IX-5 Pay of current officers, directors and key staffPrograms $3,170,351 · Management $5,480,060 · Fundraising $442,957$9,093,368

IX-6 Pay of disqualified persons$0

IX-7 Other salaries and wagesPrograms $151,963,954 · Management $23,628,625 · Fundraising $3,927,018$179,519,597

IX-8 Pension plan contributionsPrograms $10,023,960 · Management $1,563,986 · Fundraising $259,161$11,847,107

IX-9 Other employee benefitsPrograms $31,951,764 · Management $4,963,823 · Fundraising $826,128$37,741,715

IX-10 Payroll taxesPrograms $11,185,517 · Management $2,055,259 · Fundraising $312,573$13,553,349

IX-11a Management fees$0

IX-11b Legal feesPrograms $279,771 · Management $438,731$718,502

IX-11c Accounting feesManagement $376,007$376,007

IX-11d Lobbying feesManagement $133,952$133,952

IX-11e Professional fundraising feesFundraising $465,824$465,824

IX-11f Investment management feesManagement $1,161,008$1,161,008

IX-11g Other fees for servicesPrograms $6,348,734 · Management $6,137,345 · Fundraising $191,683$12,677,762

IX-12 Advertising and promotionPrograms $3,235,967 · Management $169,914$3,405,881

IX-13 Office expensesPrograms $9,828,481 · Management −$2,013,822 · Fundraising $127,669$7,942,328

IX-14 Information technologyPrograms $3,363,338 · Management $7,108,264 · Fundraising $297,607$10,769,209

IX-15 Royalties$0

IX-16 OccupancyPrograms $84,682,151 · Management $15,599,997$100,282,148

IX-17 TravelPrograms $3,072,547 · Management $313,607 · Fundraising $36,173$3,422,327

IX-18 Travel and entertainment for public officials$0

IX-19 Conferences, conventions and meetingsPrograms $505,387 · Management $113,521 · Fundraising $34,351$653,259

IX-20 InterestPrograms $6,651,484 · Management $586,134$7,237,618

IX-21 Payments to affiliates$0

IX-22 Depreciation, depletion and amortizationPrograms $20,691,598 · Management $1,945,397$22,636,995

IX-23 InsurancePrograms $2,056,914 · Management $1,692,025$3,748,939

IX-24 Other expenses (24a–d)Programs $28,678,312 · Management $217,972 · Fundraising $71,233$28,967,517

IX-24e All other expensesPrograms $91,855 · Management $2,776,048 · Fundraising $1,298,280$4,166,183

IX-25 Total functional expensesPrograms $624,590,879 · Management $74,447,853 · Fundraising $8,290,657$707,329,389

Part X · Balance sheet $1,582,267,641 assets, 24 lines filed

Asset lines not itemized here account for $1,975,991; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $0$0

X-2 Savings and temporary cash investmentsStart of year $5,905,079$3,823,754

X-3 Pledges and grants receivableStart of year $48,100,988$47,740,104

X-4 Accounts receivableStart of year $14,242,219$14,588,982

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $6,621,799$6,090,871

X-10c Land, buildings and equipment, netStart of year $548,712,738$656,104,392

X-11 Publicly traded securitiesStart of year $152,238,582$156,808,416

X-12 Other securitiesStart of year $114,818,995$137,296,381

X-13 Program-related investmentsStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $513,699,370$557,838,750

X-16 Total assetsStart of year $1,406,912,201$1,582,267,641

X-17 Accounts payable and accrued expensesStart of year $51,244,507$58,972,270

X-18 Grants payableStart of year $5,368,729$4,778,439

X-19 Deferred revenueStart of year $21,759,874$25,316,492

X-20 Tax-exempt bond liabilitiesStart of year $156,850,137$297,959,065

X-24 Unsecured notes and loans payableStart of year $0$0

X-25 Other liabilitiesStart of year $650,697,553$642,595,846

X-26 Total liabilitiesStart of year $897,979,934$1,040,814,249

X-27 Net assets without donor restrictionsStart of year $213,026,701$225,287,313

X-28 Net assets with donor restrictionsStart of year $295,905,566$316,166,079

X-32 Total net assets or fund balancesStart of year $508,932,267$541,453,392

X-33 Total liabilities and net assetsStart of year $1,406,912,201$1,582,267,641

Part XI · Reconciliation of net assets $541,453,392 net assets at year end

XI-1 Total revenue$719,108,199

XI-2 Total expenses$707,329,389

XI-3 Revenue less expenses$11,778,810

XI-4 Net assets at start of year$508,932,267

XI-5 Net unrealized gains (losses) on investments$20,560,697

XI-9 Other changes in net assets$181,618

XI-10 Net assets at end of year$541,453,392

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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