Skip to content
Nonprofiteer
← PACE UNIVERSITY

Form 990 for tax year 2024

Filed by PACE UNIVERSITY.

Totals

Total revenue
$719,108,199
Total expenses
$707,329,389
Contributions and grants received
$39,066,327
Grants paid
$246,808,794
Program services expenses (Part IX)
$624,590,879
Management and general expenses
$74,447,853
Fundraising expenses
$8,290,657
Program service expenses (Part III)
$624,590,879

Program services were 88.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • MARVIN KRISLOV

    PRESIDENT

    Total calculated
    $1,165,088
    From this org
    $741,937
    From related orgs
    $0
    Other
    $423,151
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $642,473
    Bonus
    $97,500
    Other
    $1,964
    Deferred
    $66,050
    Nontaxable benefits
    $357,101
    Filer's total
    $1,165,088

  • ROBERT C ALMON

    EVP & CFO

    Total calculated
    $509,818
    From this org
    $439,605
    From related orgs
    $0
    Other
    $70,213
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $438,369
    Bonus
    $0
    Other
    $1,236
    Deferred
    $31,050
    Nontaxable benefits
    $39,163
    Filer's total
    $509,818

  • JONATHAN HILL

    INTM PROVOST, AS OF 7/24

    Total calculated
    $492,891
    From this org
    $348,401
    From related orgs
    $0
    Other
    $144,490
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $348,005
    Bonus
    $0
    Other
    $396
    Deferred
    $31,050
    Nontaxable benefits
    $113,440
    Filer's total
    $492,891

  • LAWRENCE SINGLETON

    DEAN, LUBIN SCHOOL OF BUSINESS

    Total calculated
    $470,265
    From this org
    $372,966
    From related orgs
    $0
    Other
    $97,299
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $372,204
    Bonus
    $0
    Other
    $762
    Deferred
    $31,050
    Nontaxable benefits
    $66,249
    Filer's total
    $470,265

  • HORACE ANDERSON

    Dean, School of Law

    Total calculated
    $470,158
    From this org
    $380,099
    From related orgs
    $0
    Other
    $90,059
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $379,961
    Bonus
    $0
    Other
    $138
    Deferred
    $31,050
    Nontaxable benefits
    $59,009
    Filer's total
    $470,158

  • DANIEL BAUGHER

    PROFESSOR

    Total calculated
    $465,593
    From this org
    $429,393
    From related orgs
    $0
    Other
    $36,200
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,366
    Bonus
    $0
    Other
    $256,027
    Deferred
    $20,416
    Nontaxable benefits
    $15,784
    Filer's total
    $465,593

  • GARY LAERMER

    VP DEV & ALUM RLTNS TILL 12/24

    Total calculated
    $449,965
    From this org
    $399,769
    From related orgs
    $0
    Other
    $50,196
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $398,767
    Bonus
    $0
    Other
    $1,002
    Deferred
    $31,050
    Nontaxable benefits
    $19,146
    Filer's total
    $449,965

  • JOSEPH FRANCO

    FMR. PROVOST, till 6/24

    Total calculated
    $437,581
    From this org
    $375,704
    From related orgs
    $0
    Other
    $61,877
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $375,068
    Bonus
    $0
    Other
    $636
    Deferred
    $41,400
    Nontaxable benefits
    $20,477
    Filer's total
    $437,581

  • JOSEPH A CAPPARELLI

    VP FIN, CONTROLLER & CCO

    Total calculated
    $432,988
    From this org
    $351,455
    From related orgs
    $0
    Other
    $81,533
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,464
    Bonus
    $0
    Other
    $31,991
    Deferred
    $30,261
    Nontaxable benefits
    $51,272
    Filer's total
    $432,988

  • TRESMAINE GRIMES

    DEAN, DYSON COLLEGE

    Total calculated
    $410,398
    From this org
    $358,871
    From related orgs
    $0
    Other
    $51,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $358,109
    Bonus
    $0
    Other
    $762
    Deferred
    $31,050
    Nontaxable benefits
    $20,477
    Filer's total
    $410,398

  • MICHELLE SIMON

    PROFESSOR

    Total calculated
    $395,037
    From this org
    $320,656
    From related orgs
    $0
    Other
    $74,381
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $319,894
    Bonus
    $0
    Other
    $762
    Deferred
    $35,218
    Nontaxable benefits
    $39,163
    Filer's total
    $395,037

  • NICOLE THOMPSON

    SENIOR VP OPERATIONS

    Total calculated
    $389,440
    From this org
    $328,245
    From related orgs
    $0
    Other
    $61,195
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $325,478
    Bonus
    $0
    Other
    $2,767
    Deferred
    $39,849
    Nontaxable benefits
    $21,346
    Filer's total
    $389,440

  • ROBINA C SCHEPP

    VP FOR ENROLLMENT & PLACEMENT

    Total calculated
    $384,515
    From this org
    $333,684
    From related orgs
    $0
    Other
    $50,831
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $332,922
    Bonus
    $0
    Other
    $762
    Deferred
    $30,354
    Nontaxable benefits
    $20,477
    Filer's total
    $384,515

  • BRIDGET CRAWFORD

    PROFESSOR

    Total calculated
    $380,510
    From this org
    $309,522
    From related orgs
    $0
    Other
    $70,988
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,264
    Bonus
    $0
    Other
    $258
    Deferred
    $28,625
    Nontaxable benefits
    $42,363
    Filer's total
    $380,510

  • BETH GORDON

    VP IT and CIO

    Total calculated
    $366,311
    From this org
    $271,828
    From related orgs
    $0
    Other
    $94,483
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $271,330
    Bonus
    $0
    Other
    $498
    Deferred
    $28,426
    Nontaxable benefits
    $66,057
    Filer's total
    $366,311

  • YA TANG

    PROFESSOR

    Total calculated
    $363,454
    From this org
    $291,938
    From related orgs
    $0
    Other
    $71,516
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,176
    Bonus
    $0
    Other
    $762
    Deferred
    $35,689
    Nontaxable benefits
    $35,827
    Filer's total
    $363,454

  • IBOLYA YOLAS

    VP UNIV FACILITIES & CAP PROJ

    Total calculated
    $360,569
    From this org
    $298,132
    From related orgs
    $0
    Other
    $62,437
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $297,874
    Bonus
    $0
    Other
    $258
    Deferred
    $27,810
    Nontaxable benefits
    $34,627
    Filer's total
    $360,569

  • ESMA PALJEVIC

    INTM DEAN, CHP AS OF 7/24

    Total calculated
    $357,275
    From this org
    $291,888
    From related orgs
    $0
    Other
    $65,387
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $291,390
    Bonus
    $0
    Other
    $498
    Deferred
    $26,269
    Nontaxable benefits
    $39,118
    Filer's total
    $357,275

  • TERRYL BROWN

    VP AND GENERAL COUNSEL

    Total calculated
    $345,052
    From this org
    $303,640
    From related orgs
    $0
    Other
    $41,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $303,244
    Bonus
    $0
    Other
    $396
    Deferred
    $18,600
    Nontaxable benefits
    $22,812
    Filer's total
    $345,052

  • THERESA LANT

    PROFESSOR

    Total calculated
    $337,617
    From this org
    $314,138
    From related orgs
    $0
    Other
    $23,479
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,431
    Bonus
    $0
    Other
    $188,707
    Deferred
    $11,382
    Nontaxable benefits
    $12,097
    Filer's total
    $337,617

  • CINDY HEILBERGER

    VP FOR CORPORATE SECRETARY

    Total calculated
    $322,592
    From this org
    $269,361
    From related orgs
    $0
    Other
    $53,231
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $268,599
    Bonus
    $0
    Other
    $762
    Deferred
    $32,754
    Nontaxable benefits
    $20,477
    Filer's total
    $322,592

  • NIRA HERRMANN

    FORMER DEAN, DYSON COLLEGE

    Total calculated
    $309,379
    From this org
    $283,560
    From related orgs
    $0
    Other
    $25,819
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $281,416
    Bonus
    $0
    Other
    $2,144
    Deferred
    $25,327
    Nontaxable benefits
    $492
    Filer's total
    $309,379

  • JENNIFER HOLMES

    DEAN, SANDS COLLEGE

    Total calculated
    $308,644
    From this org
    $280,304
    From related orgs
    $0
    Other
    $28,340
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $280,214
    Bonus
    $0
    Other
    $90
    Deferred
    $25,146
    Nontaxable benefits
    $3,194
    Filer's total
    $308,644

  • LI-CHIOU CHEN

    INTM DEAN, SEID AS OF 8/24

    Total calculated
    $305,608
    From this org
    $231,734
    From related orgs
    $0
    Other
    $73,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $231,476
    Bonus
    $0
    Other
    $258
    Deferred
    $19,402
    Nontaxable benefits
    $54,472
    Filer's total
    $305,608

  • JEAN C GALLAGHER

    VP STRAT. INITV TILL 2/25

    Total calculated
    $303,590
    From this org
    $227,639
    From related orgs
    $0
    Other
    $75,951
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,161
    Bonus
    $0
    Other
    $478
    Deferred
    $22,179
    Nontaxable benefits
    $53,772
    Filer's total
    $303,590

  • SHAWN O'RILEY

    VP STRATEGIC PLAN (AS OF 3/25)

    Total calculated
    $299,480
    From this org
    $226,358
    From related orgs
    $0
    Other
    $73,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $226,100
    Bonus
    $0
    Other
    $258
    Deferred
    $21,850
    Nontaxable benefits
    $51,272
    Filer's total
    $299,480

  • NILA BHAUMIK

    VP FOR HUMAN RESOURCES

    Total calculated
    $296,928
    From this org
    $267,656
    From related orgs
    $0
    Other
    $29,272
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $266,490
    Bonus
    $0
    Other
    $1,166
    Deferred
    $24,380
    Nontaxable benefits
    $4,892
    Filer's total
    $296,928

  • BELINDA ANDERSON

    INTM DEAN, CHP AS OF 7/24

    Total calculated
    $291,358
    From this org
    $241,906
    From related orgs
    $0
    Other
    $49,452
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $241,510
    Bonus
    $0
    Other
    $396
    Deferred
    $22,626
    Nontaxable benefits
    $26,826
    Filer's total
    $291,358

  • LISA VALENTINO

    FORMER INTERIM VP/GC TILL 4/24

    Total calculated
    $290,232
    From this org
    $249,666
    From related orgs
    $0
    Other
    $40,566
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,528
    Bonus
    $0
    Other
    $138
    Deferred
    $22,770
    Nontaxable benefits
    $17,796
    Filer's total
    $290,232

  • JEFFREY BARNETT

    VP STUDENT AFFR AND DEAN

    Total calculated
    $288,575
    From this org
    $214,832
    From related orgs
    $0
    Other
    $73,743
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $214,742
    Bonus
    $0
    Other
    $90
    Deferred
    $20,971
    Nontaxable benefits
    $52,772
    Filer's total
    $288,575

  • RICHARD SCHLESINGER

    FRMR DEAN, DYSON COLLEGE

    Total calculated
    $287,559
    From this org
    $231,231
    From related orgs
    $0
    Other
    $56,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $229,995
    Bonus
    $0
    Other
    $1,236
    Deferred
    $21,701
    Nontaxable benefits
    $34,627
    Filer's total
    $287,559

  • SONIA SUCHDAY

    TRUSTEE FT FAC TILL 10/24

    Total calculated
    $285,948
    From this org
    $249,365
    From related orgs
    $0
    Other
    $36,583
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $249,107
    Bonus
    $0
    Other
    $258
    Deferred
    $18,437
    Nontaxable benefits
    $18,146
    Filer's total
    $285,948

  • VINCENT CLARK

    INTM VP DEV & ALUM AS OF 1/25

    Total calculated
    $284,889
    From this org
    $212,954
    From related orgs
    $0
    Other
    $71,935
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $212,816
    Bonus
    $0
    Other
    $138
    Deferred
    $20,663
    Nontaxable benefits
    $51,272
    Filer's total
    $284,889

  • STEPHANIE AKUNVABEY

    AVP, CDO

    Total calculated
    $273,222
    From this org
    $199,502
    From related orgs
    $0
    Other
    $73,720
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,268
    Bonus
    $0
    Other
    $234
    Deferred
    $19,745
    Nontaxable benefits
    $53,975
    Filer's total
    $273,222

  • LEILA FRANCHI

    FORMER VP FOR UNIV RELATIONS

    Total calculated
    $255,944
    From this org
    $201,926
    From related orgs
    $0
    Other
    $54,018
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $201,164
    Bonus
    $0
    Other
    $762
    Deferred
    $17,891
    Nontaxable benefits
    $36,127
    Filer's total
    $255,944

  • THOMAS M BRADY

    TREASURER

    Total calculated
    $247,172
    From this org
    $228,050
    From related orgs
    $0
    Other
    $19,122
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $227,004
    Bonus
    $0
    Other
    $1,046
    Deferred
    $18,630
    Nontaxable benefits
    $492
    Filer's total
    $247,172

  • ZACHARIAH HOSSEINI

    CMO & VP FOR UNVI RLTNS

    Total calculated
    $231,382
    From this org
    $208,105
    From related orgs
    $0
    Other
    $23,277
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $208,065
    Bonus
    $0
    Other
    $40
    Deferred
    $16,875
    Nontaxable benefits
    $6,402
    Filer's total
    $231,382

  • SUSAN DONAHUE

    FMR INTM AVP HR TILL 9/21

    Total calculated
    $230,477
    From this org
    $164,675
    From related orgs
    $0
    Other
    $65,802
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,417
    Bonus
    $0
    Other
    $258
    Deferred
    $16,223
    Nontaxable benefits
    $49,579
    Filer's total
    $230,477

  • MARCUS TYE

    DEAN, COLL HLTH TILL 7/24

    Total calculated
    $221,902
    From this org
    $181,988
    From related orgs
    $0
    Other
    $39,914
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $181,733
    Bonus
    $0
    Other
    $255
    Deferred
    $17,069
    Nontaxable benefits
    $22,845
    Filer's total
    $221,902

  • BERNARD DUFRESNE

    FMR INTM AVP CDO TILL 7/23

    Total calculated
    $203,273
    From this org
    $179,761
    From related orgs
    $0
    Other
    $23,512
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,467
    Bonus
    $0
    Other
    $294
    Deferred
    $16,713
    Nontaxable benefits
    $6,799
    Filer's total
    $203,273

  • LISA FASTENBERG

    TRUSTEE/FT FAC MB AS OF 12/2

    Total calculated
    $163,609
    From this org
    $101,101
    From related orgs
    $0
    Other
    $62,508
    Hours/week
    40

  • PETA-GAY CLARKE

    TRUSTEE

    Total calculated
    $8,319
    From this org
    $8,319
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

  • PHOTEINE M ANAGNOSTOPOULOS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BARBARA A ABELES

    TRUSTEE (AS OF 3/25)

    Total calculated
    $0
    Hours/week
    1

  • MARK M BESCA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL A CLINTON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL DISIMONE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER A EDWARDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LISA FASTENBERG

    TRUSTEE FT FAC MBR AS OF 12/24

    Total calculated
    $0
    Hours/week
    40

  • JOSEPH R FICALORA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARKI FLANNERY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN A GERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • THOMAS P GIBBONS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CYNTHIA GREER GOLDSTEIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • BARRY M GOSIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SABRINA A GRIFFIN

    TRUSTEE (AS OF 3/25)

    Total calculated
    $0
    Hours/week
    1

  • LILIANE A HAUB

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • HEMANT KHEMKA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVID Z HIRSH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DOV HOROWITZ

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOSEPH IANNIELLO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHARLES MAK

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARTIN MCELROY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • AUDREY MURPHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DONNA MURPHY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JOHN T O'CONNOR

    TRUSTEE (TILL 4/25)

    Total calculated
    $0
    Hours/week
    1

  • THOMAS J QUINLAN III

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT ROBOTTI

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHRISTOPHER ROKER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT S SANDS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SHAUN E SMITH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • LANA BAILEY-TAMARO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • EUGENE M TOBIN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • MARIE J TOULANTIS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • ROBERT TUCKER

    TRUSTEE (TILL 8/24)

    Total calculated
    $0
    Hours/week
    1

  • SUSAN S WALLACH

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RICHARD F ZANNINO

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • LISA FASTENBERG

    TRUSTEE/FT FAC MB AS OF 12/2

    Schedule J breakdown

    Base
    $100,843
    Bonus
    $0
    Other
    $258
    Deferred
    $10,633
    Nontaxable benefits
    $51,875
    Filer's total
    $163,609

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1a · Payments for business use of a personal residence
  • 1a · Health or social club dues or initiation fees
  • 1a · Personal services (maid, chauffeur, chef)
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

HOURS, PART VII AND SCHEDULE J
COMPENSATION TO FORMER OFFICERS AND FORMER KEY EMPLOYEES IS BASED ON THEIR RESPECTIVE FACULTY POSITION HELD AT PACE UNIVERSITY DURING THE CALENDAR YEAR 2024. THE AVERAGE HOURS PER WEEK FOR FULL FACULTY POSITION IS 40 HOURS.
SCHEDULE J, PART I, LINE 1A AND 1B
THE PRESIDENT'S EMPLOYMENT CONTRACT PROVIDES AS A CONDITION OF HIS EMPLOYMENT AS PRESIDENT, THAT HE RESIDE IN CLOSE PROXIMITY TO ITS NYC CAMPUS FOR THE BENEFITS AND CONVENIENCE OF THE UNIVERSITY IN HAVING THE FUNCTIONS OF THE OFFICE OF THE PRESIDENT EFFICIENTLY DISCHARGED. THE PRESIDENT'S CONTRACT FURTHER REQUIRES FOR THE CONVENIENCE OF THE UNIVERSITY THAT HIS RESIDENCE BE AVAILABLE AND SHALL BE USED, FOR THE UNIVERSITY-RELATED BUSINESS AND ENTERTAINMENT ON A REGULAR AND CONTINUING BASIS. IN ADDITION, THE PRESIDENT'S CONTRACT PROVIDES THAT THE UNIVERSITY SHALL PAY FOR ALL MAINTENANCE AND OPERATING EXPENSES, INCLUDING GENERAL MAINTENANCE, HOUSEKEEPING, AND ALL UTILITIES INCLUDING TELEPHONE, CABLE, INTERNET, ELECTRIC, GAS, AND WATER. IN ACCORDANCE WITH THE PRESIDENT'S CONTRACT, THE UNIVERSITY ALSO PAYS FOR THE PRESIDENT'S USE OF A RECENT MODEL AUTOMOBILE AND A FULL TIME DRIVER TO ASSIST HIM IN IMPLEMENTING HIS DUTIES ON BEHALF OF THE UNIVERSITY, AS WELL AS ANNUAL DUES AND MEMBERSHIP FEES FOR SOCIAL CLUBS TO FACILITATE THE PRESIDENT'S FUNDRAISING, DEVELOPMENT AND RECRUITING EFFORTS ON BEHALF OF THE UNIVERSITY. THESE COSTS ARE TREATED AS NONTAXABLE BENEFITS TO THE PRESIDENT. 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 4A
A SEVERANCE PAYMENT OF $255,203 WAS MADE DURING THE REPORTING PERIOD TO DANIEL BAUGHER. A SEVERANCE PAYMENT OF $188,079 WAS MADE DURING THE REPORTING PERIOD TO THERESA LANT. THESE AMOUNTS ARE INCLUDED IN SCHEDULE J, PART II, COLUMN (B)(III).
SCHEDULE J, PART I, LINE 4B
TERMS & CONDITIONS OF SUPPLEMENTAL RETIREMENT PLAN AND PAYMENT FOR 2024: DURING 2022, THE UNIVERSITY ENTERED INTO A DEFERRED COMPENSATION AGREEMENT WITH THE PRESIDENT. UNDER THE PLAN, THE ORGANIZATION DEPOSITED $35,000 TO THE PRESIDENT'S DEFERRED COMPENSATION ACCOUNT EACH JUNE 30TH FROM JUNE 30, 2023 THROUGH JUNE 30, 2027. SUCH AMOUNTS VEST OVER THE COURSE OF THE AGREEMENT SO LONG AS THE PRESIDENT REMAINS CONTINUOUSLY EMPLOYED BY THE UNIVERSITY THROUGH JUNE 30, 2027. FOR CALENDAR YEAR 2024, THE RATABLE ACCRUAL OF $35,000 IS INCLUDED IN SCHEDULE J, PART II, COLUMN (C).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
21 April 2026
IRS schema version
2024v5.2
Source object
202611129349300426

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.