Pace University

“The form 990 is prepared by the university's 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.”

“Compliance with conflict of interest policy 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.”

“Process for determining compensation for officers and key employees 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 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.”

“Availability of governing and other documents to the public 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.”

“Financial accounts in a foreign country 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.”

“Other program service activities 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.”

“Other changes in net assets description amount change in value of split-interest agreement -$27,094”