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EMBRY-RIDDLE AERONAUTICAL: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
EMBRY-RIDDLE AERONAUTICAL (EIN 59-0936101)
Tax period
2022-07-01 to 2023-06-30
Filed
2024-05-14
IRS object ID
202401359349307395
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-14T14:14:58-05:00ReturnTs
Tax Period End2023-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN135565207PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1KPMG LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line18350 BROAD STREET SUITE 900AddressLine1Txt
CityMCLEANCityNm
State AbbreviationVAStateAbbreviationCd
ZIP22102ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN590936101EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlEMBRBusinessNameControlTxt
Phone3862266000PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 AEROSPACE BLVDAddressLine1Txt
CityDAYTONA BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32114ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRANDALL B HOWARD PHDPersonNm
Person TitleSENIOR VP AND CFOPersonTitleTxt
Phone3862266000PhoneNum
Signature2024-05-14SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstRANDALLPersonFirstNm
Person LastHOWARD PHDPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (1)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN KEARNSPreparerPersonNm
PTINP02061479PTIN
Phone7032868000PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRANDALL B HOWARDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 AEROSPACE BLVDAddressLine1Txt
CityDAYTONA BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32114ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,193,505,616GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ERAU.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1960FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionEMBRY-RIDDLE AERONAUTICAL UNIVERSITY, INC. (UNIVERSITY OR EMBRY-RIDDLE) IS A PRIVATE, CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING. EMBRY-RIDDLE IS THE LARGEST AND OLDEST AVIATION AND AEROSPACE-FOCUSED UNIVERSITY IN THE WORLD. THE UNIVERSITY HAS EVOLVED WITH INDUSTRY TOSERVE THE EVER-CHANGING NEEDS OF AVIATION AND AEROSPACE AND OTHER STEM-RELATED DISCIPLINES. EMBRY-RIDDLE OFFERS PROGRAMS IN SEVEN PRIMARY FIELDS OF STUDY INCLUDING APPLIED SCIENCE, AVIATION, BUSINESS, COMPUTERS AND TECHNOLOGY, ENGINEERING, SAFETY, SECURITY ANDINTELLIGENCE AND SPACE. EMBRY-RIDDLE, THROUGH ITS ACADEMIC PROGRAMS, CONTINUING EDUCATION, AND APPLIED RESEARCH, BENEFITS THE GLOBAL AEROSPACE AND AVIATION INFRASTRUCTURE. THE UNIVERSITY'S EFFORTS SUPPORT THE GROWTH AND TECHNOLOGICAL ADVANCEMENTS ENCOMPASSING THE ENTIRE AVIATION AND AEROSPACE INDUSTRY; THE CONTRIBUTIONS OF EMBRY-RIDDLE STUDENTS, FACULTY AND STAFF TRANSCEND FAR BEYOND THE "STUDENT BODY".ActivityOrMissionDesc
Voting Members Governing Body16VotingMembersGoverningBodyCnt
Voting Members Independent15VotingMembersIndependentCnt
Total Employee7731TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$58,549TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$3,113NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$93,237,010PYContributionsGrantsAmt
CY Contributions Grants$44,304,520CYContributionsGrantsAmt
PY Program Service Revenue$596,750,358PYProgramServiceRevenueAmt
CY Program Service Revenue$635,671,636CYProgramServiceRevenueAmt
PY Investment Income$14,444,543PYInvestmentIncomeAmt
CY Investment Income$22,431,014CYInvestmentIncomeAmt
PY Other Revenue$512,747PYOtherRevenueAmt
CY Other Revenue$549,068CYOtherRevenueAmt
PY Total Revenue$704,944,658PYTotalRevenueAmt
CY Total Revenue$702,956,238CYTotalRevenueAmt
PY Grants And Similar Paid$151,656,474PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$147,815,746CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$265,551,763PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$283,456,713CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$3,760,119CYTotalFundraisingExpenseAmt
PY Other Expenses$155,841,276PYOtherExpensesAmt
CY Other Expenses$170,386,775CYOtherExpensesAmt
PY Total Expenses$573,049,513PYTotalExpensesAmt
CY Total Expenses$601,659,234CYTotalExpensesAmt
PY Revenues Less Expenses$131,895,145PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$101,297,004CYRevenuesLessExpensesAmt
Total Assets BOY$1,324,755,345TotalAssetsBOYAmt
Total Assets EOY$1,443,112,700TotalAssetsEOYAmt
Total Liabilities BOY$443,680,841TotalLiabilitiesBOYAmt
Total Liabilities EOY$443,266,123TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$881,074,504NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$999,846,577NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE O.EMBRY-RIDDLE IS THE WORLD LEADER IN AVIATION AND AEROSPACE HIGHER EDUCATION. EMBRY-RIDDLE'S MISSION IS TO TEACH THE SCIENCE, PRACTICE AND BUSINESS OF AVIATION AND AEROSPACE, PREPARING STUDENTS FOR PRODUCTIVE CAREERS AND LEADERSHIP ROLES IN BUSINESS, GOVERNMENT AGENCIES AND THE MILITARY. EMBRY-RIDDLE'S REPUTATION AS A LEADER IN AVIATION AND AEROSPACE HIGHER EDUCATION IS GROUNDED IN ITS AVIATION ROOTS DATING BACK TO 1926.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant Change0SignificantChangeInd
Expense$475,588,945ExpenseAmt
Grant$147,815,746GrantAmt
Revenue$635,703,371RevenueAmt
DescEMBRY-RIDDLE IS THE WORLD'S OLDEST AND LARGEST INSTITUTION OF HIGHER EDUCATION FOCUSED ON AVIATION AND AEROSPACE. ITS INNOVATIVE AND AWARD-WINNING PROGRAMS LEAD TO ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL DEGREES, AND PROFESSIONAL EDUCATION (SEMINARS AND SHORT COURSES) TO PART-TIME AND FULL-TIME STUDENTS.Desc
Total Program Service Expenses$475,588,945TotalProgramServiceExpensesAmt
Described In Section501c3Yes (1)DescribedInSection501c3Ind
Schedule B RequiredYes (1)ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Lobbying ActivitiesYes (1)LobbyingActivitiesInd
Subject To Proxy Tax0SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of ArtYes (1)CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (1)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (1)ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other LiabilitiesYes (1)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School OperatingYes (1)SchoolOperatingInd
Foreign OfficeYes (1)ForeignOfficeInd
Foreign ActivitiesYes (1)ForeignActivitiesInd
More Than5000 K To OrgYes (1)MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising ActivitiesYes (1)FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To OrganizationsYes (1)GrantsToOrganizationsInd
Grants To IndividualsYes (1)GrantsToIndividualsInd
Schedule J RequiredYes (1)ScheduleJRequiredInd
Tax Exempt BondsYes (1)TaxExemptBondsInd
Invest Tax Exempt Bonds0InvestTaxExemptBondsInd
Escrow Account0EscrowAccountInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Engaged In Excess Benefit Trans0EngagedInExcessBenefitTransInd
PY Excess Benefit Trans0PYExcessBenefitTransInd
Loan Outstanding0LoanOutstandingInd
Grant To Related PersonYes (1)GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (1)BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (1)DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate Operations0TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded EntityYes (1)DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl EntYes (1)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (1)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (1)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document469IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee7731EmployeeCnt
Employment Tax Returns FiledYes (1)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (1)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (1)Form990TFiledInd
Foreign Financial AccountYes (1)ForeignFinancialAccountInd
Foreign CountryBRForeignCountryCd
Foreign CountrySNForeignCountryCd
Foreign CountryGMForeignCountryCd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Quid Pro Quo ContributionsYes (1)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (1)QuidProQuoContriDisclInd
Form8282 Property Disposed Of0Form8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft Cntrct0RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct0PayPremiumsPrsnlBnftCntrctInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members16GoverningBodyVotingMembersCnt
Independent Voting Member15IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt Duties0DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or Stockholders0MembersOrStockholdersInd
Election Of Board Members0ElectionOfBoardMembersInd
Decisions Subject To Approva0DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEOYes (1)CompensationProcessCEOInd
Compensation Process OtherYes (1)CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
States Where Copy Of Return Is FldAZStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JARE ALLOCCO ALLENBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone3863238078PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 AEROSPACE BLVDAddressLine1Txt
CityDAYTONA BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32114ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (36 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerIndKey EmployeeKeyEmployeeIndHighest Compensated EmployeeHighestCompensatedEmployeeIndFormer Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd
MORTEZA HOSSEINI
BOARD MEMBER - CHAIR5.000.00Yes (X)$0$0$0
JAMES HENDERSON
BOARD MEMBER - VICE CHAIR5.000.00Yes (X)$0$0$0
JOSEPH MARTIN
BOARD MEMBER - TREASURER3.000.00Yes (X)$0$0$0
ZANE ROWE
BOARD MEMBER - SECRETARY3.000.00Yes (X)$0$0$0
MICHAEL AMALFITANO
BOARD MEMBER2.000.00Yes (X)$0$0$0
JOHN AMORE
BOARD MEMBER2.000.00Yes (X)$0$0$0
KENNETH DUFOUR
BOARD MEMBER2.000.00Yes (X)$0$0$0
CHARLES DUVA
BOARD MEMBER2.000.00Yes (X)$0$0$0
JON SLANGERUP
BOARD MEMBER2.000.00Yes (X)$0$0$0
DAVID O'MALEY
BOARD MEMBER2.000.00Yes (X)$0$0$0
GLENN S RITCHEY
BOARD MEMBER2.000.00Yes (X)$0$0$0
JEAN G ROSANVALLON
BOARD MEMBER2.000.00Yes (X)$0$0$0
SALLY MASON
BOARD MEMBER2.000.00Yes (X)$0$0$0
JANET KAVANDI
BOARD MEMBER2.000.00Yes (X)$0$0$0
NEAL KEATING
BOARD MEMBER2.000.00Yes (X)$0$0$0
STEVEN NORDLUND
BOARD MEMBER2.000.00Yes (X)$0$0$0
ROBERT KEYS
BOARD MEMBER2.000.00Yes (X)$0$0$0
PATRICK BARRY BUTLER
PRESIDENT50.000.00$894,804$0$42,344Yes (X)
RANDALL HOWARD
SVP, CFO50.000.00$573,724$0$46,619Yes (X)
JOHN WATRET
CHANCELLOR, WORLDWIDE45.000.00$481,320$0$45,582Yes (X)
RODNEY CRUISE
SVP ADMINISTRATION & COO40.000.00$433,373$0$46,112Yes (X)
LON MOELLER
SVP ACADEMIC AFFAIRS & PROVOST40.000.00$366,524$0$40,905Yes (X)
ANETTE KARLSSON
CHANCELLOR, PRESCOTT CAMPUS40.000.00$342,045$0$31,158Yes (X)
CHARLES SEVASTOS
VICE PRESIDENT & GENERAL COUNSEL40.000.00$288,418$0$36,588Yes (X)
REBECCA VASQUEZ
VICE PRESIDENT, CIO40.000.00$251,051$0$31,842Yes (X)
BRANDON YOUNG
VICE PRESIDENT, CHRO40.000.00$244,506$0$34,590Yes (X)
JASON RUCKERT
SVP, ENROLLMENT MGMT/MKTG40.000.00$259,283$0$28,168Yes (X)
KEVIN KREIDE
VICE PRESIDENT, FACILITIES40.000.00$204,869$0$20,883Yes (X)
ALAN STOLZER
DEAN, COLLEGE OF AVIATION & PROF40.000.00$229,742$0$38,341Yes (X)
REMZI SEKER
VICE PRESIDENT, RESEARCH40.000.00$189,746$0$23,856Yes (X)
STEVEN RIDDER
HEAD BASKETBALL COACH DB40.000.00$474,710$0$40,982Yes (X)
SHANAN GIBSON
DEAN, COLLEGE OF BUSINESS40.000.00$259,413$0$26,853Yes (X)
JAMES GREGORY
DEAN, COLLEGE OF ENGINEERING40.000.00$372,609$0$45,540Yes (X)
ANASTASIOS LYRINTZIS
DEPARTMENT CHAIR40.000.00$254,698$0$37,096Yes (X)
RICCARDO BEVILACQUA
PROFESSOR AEROSPACE ENGINEERING40.000.00$249,582$0$40,549Yes (X)
FRANCES AYERS
FORMER CHANCELLOR, PRESCOTT40.000.00$149,247$0$15,107Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$6,519,664TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$673,115TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K400IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (1)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (1)TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
PERRY MCCALL CONSTRUCTION INC
6104 S GAZEBO PARK PLACEJACKSONVILLEFL32257CONSTRUCTION SERVICES$8,097,078
HOAR CONSTRUCTION LLC
TWO METROPLEX DRBIRMINGHAMAL35209CONSTRUCTION SERVICES$6,914,683
COLEMAN GOODEMOTE CONSTRUCTION INC
619 N BEACH STDAYTONA BEACHFL32114CONSTRUCTION SERVICES$3,216,561
WORKDAY INC
6110 STONERIDGE MALL RDPLEASANTONCA94588CONSULTING SERVICES$3,154,295
IKON 5 ARCHITECTS LLC
864 MAPLETON RDPRINCETONNJ08540CONSULTING SERVICES$1,842,644
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K118CntrctRcvdGreaterThan100KCnt
Fundraising$255,781FundraisingAmt
Government Grants$30,335,585GovernmentGrantsAmt
All Other Contributions$13,713,154AllOtherContributionsAmt
Noncash Contributions$10,874,621NoncashContributionsAmt
Total Contributions$44,304,520TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescHIGHER EDUCATIONDesc
Business611310BusinessCd
Total Revenue Column$635,671,636TotalRevenueColumnAmt
Related Or Exempt Func Income$635,613,087RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$58,549UnrelatedBusinessRevenueAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$635,671,636TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$19,966,507TotalRevenueColumnAmt
Exclusion$19,966,507ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$219,318TotalRevenueColumnAmt
Exclusion$219,318ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$436,277RealAmt

Less Rental Expenses LessRentalExpensesGrp

FieldValueIRS element (for citing)
Real$0RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$436,277RealAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$436,277TotalRevenueColumnAmt
Exclusion$436,277ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$488,292,495SecuritiesAmt
Other$3,824,267OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$489,871,573SecuritiesAmt
Other$0OtherAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities-$1,579,078SecuritiesAmt
Other$3,824,267OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$2,245,189TotalRevenueColumnAmt
Exclusion$2,245,189ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$220,395FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$255,781ContriRptFundraisingEventAmt
Fundraising Direct Expenses$139,339FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$81,056TotalRevenueColumnAmt
Exclusion$81,056ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$570,201GrossSalesOfInventoryAmt
Cost Of Goods Sold$538,466CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$31,735TotalRevenueColumnAmt
Related Or Exempt Func Income$31,735RelatedOrExemptFuncIncomeAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$702,956,238TotalRevenueColumnAmt
Related Or Exempt Func Income$635,644,822RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$58,549UnrelatedBusinessRevenueAmt
Exclusion$22,948,347ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$382,114TotalAmt
Program Services$382,114ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$147,418,632TotalAmt
Program Services$147,418,632ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$15,000TotalAmt
Program Services$15,000ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$4,472,941TotalAmt
Management And General$3,887,627ManagementAndGeneralAmt
Fundraising$585,314FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$213,990,161TotalAmt
Program Services$159,773,307ProgramServicesAmt
Management And General$52,411,345ManagementAndGeneralAmt
Fundraising$1,805,509FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$17,411,737TotalAmt
Program Services$12,237,004ProgramServicesAmt
Management And General$4,973,583ManagementAndGeneralAmt
Fundraising$201,150FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$32,178,474TotalAmt
Program Services$24,760,896ProgramServicesAmt
Management And General$6,895,503ManagementAndGeneralAmt
Fundraising$522,075FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$15,403,400TotalAmt
Program Services$10,895,411ProgramServicesAmt
Management And General$4,358,619ManagementAndGeneralAmt
Fundraising$149,370FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$781,630TotalAmt
Management And General$781,630ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$594,242TotalAmt
Management And General$594,242ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$223,376TotalAmt
Program Services$223,376ProgramServicesAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$1,875,741TotalAmt
Management And General$1,875,741ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$23,840,205TotalAmt
Program Services$15,306,108ProgramServicesAmt
Management And General$8,418,126ManagementAndGeneralAmt
Fundraising$115,971FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,344,288TotalAmt
Program Services$2,022,900ProgramServicesAmt
Management And General$1,315,888ManagementAndGeneralAmt
Fundraising$5,500FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$10,746,285TotalAmt
Program Services$5,449,299ProgramServicesAmt
Management And General$5,292,661ManagementAndGeneralAmt
Fundraising$4,325FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$17,047,160TotalAmt
Program Services$13,535,445ProgramServicesAmt
Management And General$3,273,055ManagementAndGeneralAmt
Fundraising$238,660FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$15,163,672TotalAmt
Program Services$7,182,605ProgramServicesAmt
Management And General$7,981,067ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$10,332,818TotalAmt
Program Services$7,792,614ProgramServicesAmt
Management And General$2,471,108ManagementAndGeneralAmt
Fundraising$69,096FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$4,719,411TotalAmt
Program Services$3,531,715ProgramServicesAmt
Management And General$1,169,754ManagementAndGeneralAmt
Fundraising$17,942FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$10,183,170TotalAmt
Program Services$8,749,077ProgramServicesAmt
Management And General$1,434,093ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$41,970,366TotalAmt
Program Services$34,218,760ProgramServicesAmt
Management And General$7,751,606ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$8,060,015TotalAmt
Program Services$3,712,287ProgramServicesAmt
Management And General$4,347,728ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
EQUIP. RENTAL & MAINT.$11,088,069$9,874,197$1,212,709$1,163
FUEL & OIL$6,341,469$6,084,838$256,631
PRINTING & PUBS$2,100,016$911,608$1,170,530$17,878
MISCELLANEOUS$1,105,109$814,749$287,886$2,474

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$869,733TotalAmt
Program Services$697,003ProgramServicesAmt
Management And General$149,038ManagementAndGeneralAmt
Fundraising$23,692FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$601,659,234TotalAmt
Program Services$475,588,945ProgramServicesAmt
Management And General$122,310,170ManagementAndGeneralAmt
Fundraising$3,760,119FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$23,091,306BOYAmt
EOY$10,303,211EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$377,409,068BOYAmt
EOY$452,664,096EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$25,386,362BOYAmt
EOY$19,074,779EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$21,453,924BOYAmt
EOY$19,710,934EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$5,199,954BOYAmt
EOY$4,107,163EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$4,894,991BOYAmt
EOY$6,411,878EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$14,128,841BOYAmt
EOY$17,015,172EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,084,078,903LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$485,697,523LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$586,548,062BOYAmt
EOY$598,381,380EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$205,085,121BOYAmt
EOY$226,808,883EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$33,775,156BOYAmt
EOY$51,161,630EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$27,782,560BOYAmt
EOY$37,473,574EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,324,755,345BOYAmt
EOY$1,443,112,700EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$46,287,248BOYAmt
EOY$45,516,629EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$30,184,134BOYAmt
EOY$35,367,373EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$255,524,175BOYAmt
EOY$247,283,337EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$65,601,778BOYAmt
EOY$56,182,190EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$46,083,506BOYAmt
EOY$58,916,594EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$443,680,841BOYAmt
EOY$443,266,123EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$767,590,303BOYAmt
EOY$871,035,911EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$113,484,201BOYAmt
EOY$128,810,666EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$881,074,504BOYAmt
EOY$999,846,577EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,324,755,345BOYAmt
EOY$1,443,112,700EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$101,297,004ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$17,487,358NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$12,289OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit RequiredYes (1)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (1)FederalGrantAuditPerformedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
SchoolYes (X)SchoolInd

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$36,906,226CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$36,095,261CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$51,495,298CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$93,237,010CurrentTaxYearMinus1YearAmt
Current Tax Year$44,304,520CurrentTaxYearAmt
Total$262,038,315TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$36,906,226CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$36,095,261CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$51,495,298CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$93,237,010CurrentTaxYearMinus1YearAmt
Current Tax Year$44,304,520CurrentTaxYearAmt
Total$262,038,315TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$20,982,800SubstantialContributorsTotAmt
Public Support Total170$241,055,515PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,477,830CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$7,968,689CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$6,212,250CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$12,544,773CurrentTaxYearMinus1YearAmt
Current Tax Year$20,622,102CurrentTaxYearAmt
Total$54,825,644TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$31,777CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$43,487CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$16,737CurrentTaxYearMinus1YearAmt
Current Tax Year$9,659CurrentTaxYearAmt
Total$101,660TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$547,812CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$380,006CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$168,751CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$572,207CurrentTaxYearMinus1YearAmt
Current Tax Year$790,596CurrentTaxYearAmt
Total$2,459,372TotalAmt
FieldValueIRS element (for citing)
Total Support$319,424,991TotalSupportAmt
Gross Receipts Rltd Activities$2,796,513,324GrossReceiptsRltdActivitiesAmt
Public Support CY1700.75470PublicSupportCY170Pct
Public Support PY1700.77130PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Form990 Schedule A Part VI Form990ScheduleAPartVIGrp

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:FormAndLineReferenceDesc
ExplanationFUNDRAISING - 2018 AMOUNT: $ 90,251. 2019 AMOUNT: $ 15,963. 2020 AMOUNT: $ 57,580. 2021 AMOUNT: $ 131,679. 2022 AMOUNT: $ 220,395. SALES OF INVENTORY - 2018 AMOUNT: $ 457,561. 2019 AMOUNT: $ 364,043. 2020 AMOUNT: $ 111,171. 2021 AMOUNT: $ 440,528. 2022 AMOUNT: $ 570,201.ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Volunteers0VolunteersInd
Paid Staff Or Management0PaidStaffOrManagementInd
Media Advertisements0MediaAdvertisementsInd
Mailings Members0MailingsMembersInd
Publications Or Broadcast0PublicationsOrBroadcastInd
Grants Other Organizations0GrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (1)DirectContactLegislatorsInd
Direct Contact Legislators$223,376DirectContactLegislatorsAmt
Rallies Demonstrations0RalliesDemonstrationsInd
Other Activities0OtherActivitiesInd
Total Lobbying Expenditures$223,376TotalLobbyingExpendituresAmt
Not Described Section501c30NotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE C, PART II-B 1GFormAndLineReferenceDesc
ExplanationEMBRY-RIDDLE RETAINS LOBBYING FIRMS AT THE STATE AND FEDERAL LEVELS. EMBRY-RIDDLE'S LOBBYING ACTIVITIES AT THE STATE LEVEL ARE IN SUPPORT OF PROGRAMS THAT BENEFIT STUDENTS OF PRIVATE INSTITUTIONS WITHIN THE STATE AND OTHER POLICY OR FUNDING ISSUES THAT ARE OF INTEREST TO EMBRY-RIDDLE. AT THE FEDERAL LEVEL, EMBRY-RIDDLE'S LOBBYING ACTIVITIES FOCUS ON SUPPORT OF ITS RESEARCH ACTIVITIES AND OTHER EDUCATIONAL INITIATIVES. FEDERAL LOBBYING EFFORTS ALSO FOCUS ON ADVOCATING FOR POLICY DEVELOPMENT WITHIN THE FEDERAL AVIATION ADMINISTRATION (FAA) THAT WILL POSITIVELY IMPACT EMBRY-RIDDLE'S STUDENTS AS THEY PROGRESS THROUGH PILOT OR AIR TRAFFIC MANAGEMENT EDUCATIONAL PROGRAMS - TWO AREAS HEAVILY REGULATED BY THE FAA. EMBRY-RIDDLE WORKS TO MAKE THE FAA AWARE OF HOW POTENTIAL POLICY CHANGES AFFECT COLLEGIATE PROGRAMS.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Assets Included$1,929,806AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets Sale0SolicitedAssetsSaleInd
Incl Escrow Custodial Acct Liab0InclEscrowCustodialAcctLiabInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$241,076,000BeginningYearBalanceAmt
Contributions$22,443,000ContributionsAmt
Investment Earnings Or Losses$23,431,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,389,000GrantsOrScholarshipsAmt
End Year Balance$281,561,000EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$242,820,000BeginningYearBalanceAmt
Contributions$33,920,000ContributionsAmt
Investment Earnings Or Losses-$32,161,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,503,000GrantsOrScholarshipsAmt
End Year Balance$241,076,000EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$172,374,000BeginningYearBalanceAmt
Contributions$20,075,000ContributionsAmt
Investment Earnings Or Losses$56,358,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,987,000GrantsOrScholarshipsAmt
End Year Balance$242,820,000EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$161,405,000BeginningYearBalanceAmt
Contributions$9,377,000ContributionsAmt
Investment Earnings Or Losses$3,074,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,482,000GrantsOrScholarshipsAmt
End Year Balance$172,374,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$134,498,000BeginningYearBalanceAmt
Contributions$22,481,000ContributionsAmt
Investment Earnings Or Losses$5,780,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,354,000GrantsOrScholarshipsAmt
End Year Balance$161,405,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.64500BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.25400PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.10100TermEndowmentBalanceEOYPct
Endowments Held Unrelated Org0EndowmentsHeldUnrelatedOrgInd
Endowments Held Related Org0EndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,759,844OtherCostOrOtherBasisAmt
Book Value$9,759,844BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$681,826,785OtherCostOrOtherBasisAmt
Depreciation$244,213,769DepreciationAmt
Book Value$437,613,016BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$284,696,152OtherCostOrOtherBasisAmt
Depreciation$180,102,410DepreciationAmt
Book Value$104,593,742BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$107,796,122OtherCostOrOtherBasisAmt
Depreciation$61,381,344DepreciationAmt
Book Value$46,414,778BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$598,381,380TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
ROU LEASE LIABILITY$37,442,000
STUDENT DEPOSITS/ADV PAYMENTS$14,727,137
ADVANCES, STUDENT LOANS/FIN AID$6,631,009
ANNUITIES PAYABLE$116,448
FieldValueIRS element (for citing)
Total Liability$58,916,594TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART X, LINE 2:SCHEDULE D, PART X, LINE 2: EMBRY-RIDDLE IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, EXCEPT FOR UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL INCOME TAXES. THERE WAS NO PROVISION FOR INCOME TAXES DUE ON UNRELATED BUSINESS INCOME IN FISCAL YEARS 2023 AND 2022, AND THERE ARE NO UNCERTAIN TAX POSITIONS CONSIDERED TO BE MATERIAL.
SCHEDULE D, PART III, LINE 4:REFERENCED COLLECTIONS INCLUDE ACCIDENT INVESTIGATION CASE FILES; TECHNICAL PAPERS, REPORTS AND REFERENCE MATERIALS. THE COLLECTION IS OPEN FOR ACADEMIC AND PUBLIC RESEARCH. THE PUBLIC ART COLLECTION IS A SERIES OF 31 PIECES OF FINE ART INCLUDING, BUT NOT LIMITED TO, SCULPTURES, STATUES AND PAINTINGS. THIS COLLECTION SERVES TO ENRICH THE CULTURAL AND EDUCATIONAL ENVIRONMENT OF EMBRY-RIDDLE.
SCHEDULE D, PART V, LINE 4:ENDOWMENT FUNDS ARE USED PRIMARILY FOR STUDENT SCHOLARSHIPS.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (1)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (1)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (1)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (1)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (1)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (1)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (1)MaintainCpyOfAllSolInd
Discriminate Race Stdnts Rghts0DiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss Plcy0DiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm Fculty0DiscriminateRaceEmplmFcultyInd
Discriminate Race Schs0DiscriminateRaceSchsInd
Discriminate Race Educ Plcy0DiscriminateRaceEducPlcyInd
Discriminate Race Use Of Fclts0DiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt Prog0DiscriminateRaceAthltProgInd
Discriminate Race Other Acty0DiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (1)GovernmentFinancialAidRcvdInd
Government Financial Aid Rvkd0GovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (1)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE E, PART I, LINE 3PUBLICATION OF NON-DISCRIMINATORY POLICY EMBRY-RIDDLE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE AND ADMISSIONS APPLICATIONS, BOTH OF WHICH MAY BE ACCESSED BY THE GENERAL COMMUNITY IT SERVES AND THE PUBLIC.
SCHEDULE E, PART I, LINE 6:EMBRY-RIDDLE RECEIVES FINANCIAL ASSISTANCE FROM FEDERAL AND STATE AGENCIES FOR STUDENT FINANCIAL AID AND ACADEMIC RESEARCH.

Schedule F IRS990ScheduleF

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
EAST ASIA AND THE PACIFIC158PROGRAM SERVICESHIGHER EDUCATION$3,294,256
EUROPE (INCLUDING ICELAND & GREENLAND)119PROGRAM SERVICESHIGHER EDUCATION$302,681
SOUTH AMERICA18PROGRAM SERVICESHIGHER EDUCATION$56,000
CENTRAL AMERICA AND THE CARIBBEAN00INVESTMENTS$21,865,986
FieldValueIRS element (for citing)
Subtotal Offices3SubtotalOfficesCnt
Subtotal Employees85SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office3TotalOfficeCnt
Total Employee85TotalEmployeeCnt
Subtotal Spent$25,518,923SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$25,518,923TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionEAST ASIA AND THE PACIFICRegionTxt
Purpose Of GrantGENERAL SUPPORTPurposeOfGrantTxt
Cash Grant$15,000CashGrantAmt
Manner Of Cash DisbursementWIREMannerOfCashDisbursementTxt
Non Cash Assistance$0NonCashAssistanceAmt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Transfer To Foreign CorpYes (1)TransferToForeignCorpInd
Interest In Foreign Trust0InterestInForeignTrustInd
Foreign Corp OwnershipYes (1)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (1)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (1)ForeignPartnershipInd
Boycott Countries0BoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART III ACCOUNTING METHOD:FormAndLineReferenceDesc

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GOLF TOURNAMENTEvent1Nm
Gross Receipts Event1$127,800GrossReceiptsEvent1Amt
Charitable Contri Event1$70,478CharitableContriEvent1Amt
Gross Revenue Event1$57,322GrossRevenueEvent1Amt
Cash Prizes Event1$0CashPrizesEvent1Amt
Non Cash Prizes Event1$0NonCashPrizesEvent1Amt
Rent Facility Costs Event1$27,541RentFacilityCostsEvent1Amt
Food And Beverage Event1$9,722FoodAndBeverageEvent1Amt
Entertainment Event1$0EntertainmentEvent1Amt
Other Direct Expenses Event1$855OtherDirectExpensesEvent1Amt
Event2GALAEvent2Nm
Gross Receipts Event2$242,141GrossReceiptsEvent2Amt
Charitable Contri Event2$110,539CharitableContriEvent2Amt
Gross Revenue Event2$131,602GrossRevenueEvent2Amt
Cash Prizes Event2$0CashPrizesEvent2Amt
Non Cash Prizes Event2$0NonCashPrizesEvent2Amt
Rent Facility Costs Event2$28,746RentFacilityCostsEvent2Amt
Food And Beverage Event2$34,579FoodAndBeverageEvent2Amt
Entertainment Event2$0EntertainmentEvent2Amt
Other Direct Expenses Event2$5,237OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$106,235GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$74,764CharitableContriOtherEventsAmt
Gross Revenue Other Events$31,471GrossRevenueOtherEventsAmt
Cash Prizes Other Events$0CashPrizesOtherEventsAmt
Non Cash Prizes Other Events$0NonCashPrizesOtherEventsAmt
Rent Fclty Costs Other Events$7,278RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$18,631FoodAndBeverageOtherEventsAmt
Entertainment Other Events$500EntertainmentOtherEventsAmt
Oth Direct Expnss Other Events$6,250OthDirectExpnssOtherEventsAmt
Gross Receipts Total$476,176GrossReceiptsTotalAmt
Charitable Contributions Tot$255,781CharitableContributionsTotAmt
Gross Revenue Total Events$220,395GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$63,565RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$62,932FoodAndBeverageTotalEventsAmt
Entertainment Total Events$500EntertainmentTotalEventsAmt
Oth Direct Expnss Total Events$12,342OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$139,339DirectExpenseSummaryEventsAmt
Net Income Summary$81,056NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (1)GrantRecordsMaintainedInd

Recipient Table RecipientTable (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtNon Cash AssistanceNonCashAssistanceAmtPurpose Of GrantPurposeOfGrantTxtValuation Method UsedValuationMethodUsedDescNon Cash AssistanceNonCashAssistanceDesc
EXPERIMENTAL AIRCRAFT ASSOCIATION INC
3000 POBEREZNY ROADOSHKOSHWI54902390917537501(C)(3)$67,114$0NATIONAL CONVENTION SPONSORSHIP AND SPONSOR STUDENT MEMBERSHIP
MUSEUM OF ARTS AND SCIENCES INC
352 SOUTH NOVA ROADDAYTONA BEACHFL32114591022050501(C)(3)$10,000$0EXHIBIT SPONSORSHIP
BROWN RIVERFRONT ESPLANADE FOUNDATION
249 N BEACH STREETDAYTONA BEACHFL32114831769296501(C)(3)$10,000$0SPONSOR COMMUNITY PROJECT
EAGLE FLYING CLUB OF EMBRY-RIDDLE AERONAUTICAL UNIVERSITY
1 AEROSPACE BLVDDAYTONA BEACHFL32114593530394501(C)(4)$0$295,000SUPPORT AVIATION CONSISTENT WITH ERAU'S EDUCATIONAL MISSIONFAIR MARKET VALUEUSED 2012 CESSNA 172 FLIGHT TRNG AIRCRAFT
FieldValueIRS element (for citing)
Total501c3 Org3Total501c3OrgCnt
Total Other Org1TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp (2 entries)

Grant TypeGrantTypeTxtRecipientRecipientCntCash GrantCashGrantAmt
STUDENT FINANCIAL AID13384$147,382,632
AMERICAN RESCUE PLAN ACT EMERGENCY FINANCIAL AID GRANTS TO STUDENTS14$36,000

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE I, PART I, LINE 2EMBRY-RIDDLE IS NOT A GRANTMAKING ORGANIZATION PER SE IN THAT ITS FUNDAMENTAL MISSION AND PURPOSE FOR TAX-EXEMPT STATUS RELATES TO EDUCATION. HOWEVER, IN THE COURSE OF ITS MISSION-RELATED ACTIVITIES, EMBRY-RIDDLE DOES MAKE PAYMENTS THAT MEET THE DEFINITION OF "GRANTMAKING" AS DEFINED BY THE INSTRUCTIONS TO SCHEDULE I OF FORM 990. THESE PAYMENTS FALL INTO TWO CATEGORIES: (1) STUDENT FINANCIAL AID: EMBRY-RIDDLE OFFERS STUDENT FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND GRANTS WHICH ARE PROVIDED BY EMBRY-RIDDLE AND FEDERAL AND STATE GOVERNMENTS. EMBRY-RIDDLE'S FINANCIAL AID IS AWARDED TO STUDENTS WHO DEMONSTRATE ELIGIBILITY BASED ON FINANCIAL NEED, COMPETE IN INTERCOLLEGIATE ATHLETICS, DEMONSTRATE ACADEMIC MERIT, ETC. THE OFFICE OF FINANCIAL AID DETERMINES STUDENTS' ELIGIBILITY FOR NEED-BASED AID. (2) CHARITABLE CONTRIBUTIONS: CHARITABLE CONTRIBUTIONS ARE MADE IN ACCORDANCE WITH EMBRY-RIDDLE POLICY AND ALL APPLICABLE LAWS AND REGULATIONS AND ARE IN ALIGNMENT WITH THE UNIVERSITY'S MISSION.
SCHEDULE I, PART III, LINE 2, COLUMN (C)AMOUNTS OF CASH GRANTS REPRESENT AMERICAN RESCUE PLAN ACT EMERGENCY FINANCIAL AID GRANTS TO STUDENTS.

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
First Class Or Charter TravelYes (X)FirstClassOrCharterTravelInd
Travel For CompanionsYes (X)TravelForCompanionsInd
Housing Allowance Or ResidenceYes (X)HousingAllowanceOrResidenceInd
Club Dues Or FeesYes (X)ClubDuesOrFeesInd
Written Policy Ref T And E ExpnssYes (1)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (1)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Written Employment ContractYes (X)WrittenEmploymentContractInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance Payment0SeverancePaymentInd
Supplemental Nonqual Rtr Plan0SupplementalNonqualRtrPlanInd
Equity Based Comp Arrngm0EquityBasedCompArrngmInd
Comp Based On Revenue Of Flng Org0CompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related Orgs0CompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng Org0CompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd Orgs0CompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (1)AnyNonFixedPaymentsInd
Initial Contract Exception0InitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (19 entries)

TitleTitleTxtBase Compensation Filing OrgBaseCompensationFilingOrgAmtCompensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmtBonus Filing OrganizationBonusFilingOrganizationAmountBonus Related OrganizationsBonusRelatedOrganizationsAmtOther Compensation Filing OrgOtherCompensationFilingOrgAmtOther Compensation Rltd OrgsOtherCompensationRltdOrgsAmtDeferred Compensation Flng OrgDeferredCompensationFlngOrgAmtDeferred Comp Rltd OrgsDeferredCompRltdOrgsAmtNontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmtNontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmtTotal Compensation Filing OrgTotalCompensationFilingOrgAmtTotal Compensation Rltd OrgsTotalCompensationRltdOrgsAmtComp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmtComp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt
PATRICK BARRY BUTLER
PRESIDENT$615,054$0$150,730$0$129,020$0$30,500$0$11,844$0$937,148$0$0$0
RANDALL HOWARD
SVP, CFO$470,791$0$100,730$0$2,203$0$30,500$0$16,119$0$620,343$0$0$0
JOHN WATRET
CHANCELLOR, WORLDWIDE$402,707$0$75,730$0$2,883$0$30,500$0$15,082$0$526,902$0$0$0
STEVEN RIDDER
HEAD BASKETBALL COACH DB$452,174$0$730$0$21,806$0$30,500$0$10,482$0$515,692$0$0$0
RODNEY CRUISE
SVP ADMINISTRATION & COO$351,028$0$80,730$0$1,615$0$30,500$0$15,612$0$479,485$0$0$0
JAMES GREGORY
DEAN, COLLEGE OF ENGINEERING$371,285$0$730$0$594$0$30,500$0$15,040$0$418,149$0$0$0
LON MOELLER
SVP ACADEMIC AFFAIRS & PROVOST$363,268$0$730$0$2,526$0$30,500$0$10,405$0$407,429$0$0$0
ANETTE KARLSSON
CHANCELLOR, PRESCOTT CAMPUS$334,058$0$5,730$0$2,257$0$30,500$0$658$0$373,203$0$0$0
CHARLES SEVASTOS
VICE PRESIDENT & GENERAL COUNSEL$265,934$0$20,730$0$1,754$0$29,156$0$7,432$0$325,006$0$0$0
ANASTASIOS LYRINTZIS
DEPARTMENT CHAIR$252,330$0$730$0$1,638$0$25,563$0$11,533$0$291,794$0$0$0
RICCARDO BEVILACQUA
PROFESSOR AEROSPACE ENGINEERING$145,662$0$730$0$103,190$0$25,595$0$14,954$0$290,131$0$0$0
JASON RUCKERT
SVP, ENROLLMENT MGMT/MKTG$248,184$0$10,730$0$369$0$26,541$0$1,627$0$287,451$0$0$0
SHANAN GIBSON
DEAN, COLLEGE OF BUSINESS$258,305$0$730$0$378$0$25,899$0$954$0$286,266$0$0$0
REBECCA VASQUEZ
VICE PRESIDENT, CIO$242,985$0$3,730$0$4,336$0$24,832$0$7,010$0$282,893$0$0$0
BRANDON YOUNG
VICE PRESIDENT, CHRO$240,126$0$2,230$0$2,150$0$24,645$0$9,945$0$279,096$0$0$0
ALAN STOLZER
DEAN, COLLEGE OF AVIATION & PROF$227,547$0$730$0$1,465$0$23,438$0$14,903$0$268,083$0$0$0
KEVIN KREIDE
VICE PRESIDENT, FACILITIES$201,852$0$2,230$0$787$0$20,396$0$487$0$225,752$0$0$0
REMZI SEKER
VICE PRESIDENT, RESEARCH$122,287$0$0$0$67,459$0$16,396$0$7,460$0$213,602$0$0$0
FRANCES AYERS
FORMER CHANCELLOR, PRESCOTT$141,456$0$730$0$7,061$0$14,806$0$301$0$164,354$0$0$0

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE J PART I, LINE 1AFIRST-CLASS OR CHARTER TRAVEL HAS BEEN APPROVED FOR THE PRESIDENT AND HIS SPOUSE (WHEN TRAVELING FOR A BONA FIDE BUSINESS PURPOSE OF THE UNIVERSITY; PLEASE SEE BELOW) BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND AS STATED IN THE PRESIDENT'S EMPLOYMENT CONTRACT. CABINET MEMBERS AND OTHER EMPLOYEES MAY TRAVEL FIRST- OR BUSINESS/PREMIUM-CLASS, BASED ON CERTAIN CONDITIONS, AS PER THE UNIVERSITY'S TRAVEL POLICY (E.G., TRAVEL INVOLVING FLIGHT SEGMENTS OVER SIX HOURS, RED-EYE FLIGHTS THAT SAVE LODGING EXPENSE, CASES WHERE THE TRAVELER HAS A DOCUMENTED PHYSICAL DISABILITY OR LIMITATION, ETC.). PREAPPROVAL OF FIRST- OR BUSINESS/PREMIUM-CLASS OR CHARTER TRAVEL IS REQUIRED BY THE EMPLOYEE'S SENIOR LEADERSHIP AND THE SENIOR VICE PRESIDENT AND CFO OR PRESIDENT. TRAVEL FOR SPOUSE/COMPANION - A SPOUSE/COMPANION OF CABINET MEMBERS, TRUSTEES, AND OTHER EMPLOYEES OF EMBRY-RIDDLE MAY TRAVEL TO FUNCTIONS OR OTHER EVENTS RELATED TO THE ONGOING BUSINESS OF EMBRY-RIDDLE. EMBRY-RIDDLE WILL REIMBURSE FOR SPOUSE/COMPANION TRAVEL ONLY WHEN THERE IS A BONA FIDE BUSINESS PURPOSE FOR THE PRESENCE OF THE SPOUSE/COMPANION. ALL SPOUSE/COMPANION TRAVEL TO BE REIMBURSED MUST BE PREAPPROVED BY AN INDIVIDUAL IN THE EMPLOYEE'S SUPERVISORY CHAIN WHO IS A SENIOR LEADER AND BY THE SENIOR VICE PRESIDENT AND CFO. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT AS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND STATED IN THE PRESIDENT'S EMPLOYMENT CONTRACT. HOUSING IS PROVIDED TO A KEY EMPLOYEE. THE HOUSING IS FURNISHED ON THE BUSINESS PREMISES OF EMBRY-RIDDLE, AT THE CONVENIENCE OF EMBRY-RIDDLE, AND THE EMPLOYEE IS REQUIRED TO ACCEPT SUCH LODGING AS A CONDITION OF EMPLOYMENT. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - DUES FOR THE PRESIDENT ARE AS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND STATED IN THE PRESIDENT'S EMPLOYMENT CONTRACT FOR BUSINESS AND FUNDRAISING PURPOSES.
SCHEDULE J PART I, LINE 7NONFIXED PAYMENTS SELECT PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1, RECEIVED AN ADDITIONAL PERFORMANCE BASED BONUS. ADDITIONALLY, ALL REFERENCED EMPLOYEES RECEIVED TWO BONUSES (HOLIDAY AND CALENDAR YEAR-END) IN THE SAME AMOUNTS THAT ALL ELIGIBLE UNIVERSITY EMPLOYEES RECEIVED.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)

Bond ReferenceBondReferenceCdBond Issuer EINBondIssuerEINCUSIPCUSIPNumBond IssuedBondIssuedDtIssue PriceIssuePriceAmtPurposePurposeDescDefeasedDefeasedIndOn Behalf Of IssuerOnBehalfOfIssuerIndPool FinancingPoolFinancingInd
VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015A)
A8000006130000000002015-02-12$50,740,000PARTIALLY REFUND SERIES 2005000
VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015B)
B800000613928836KYO2015-03-23$76,273,696CONSTRUCTION AND CAPITAL IMPROVEMENTSYes (1)00
VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015C)
C8000006130000000002015-07-17$26,535,000PARTIALLY REFUND SERIES 2005000
VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2017)
D800000613928836MP72017-08-17$54,335,668REFUND SERIES 2011 AND CONSTRUCTION000

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)

Bond ReferenceBondReferenceCdRetiredRetiredAmtTotal ProceedsTotalProceedsAmtIssuance Costs From ProceedsIssuanceCostsFromProceedsAmtOther Spent ProceedsOtherSpentProceedsAmtSubstantial CompletionSubstantialCompletionYrRefunding Tax Exempt BondsRefundingTaxExemptBondsIndRefunding Taxable BondsRefundingTaxableBondsIndFinal Allocation MadeFinalAllocationMadeIndAdequate Books And Rec MaintAdequateBooksAndRecMaintIndBond DefeasedBondDefeasedAmtCapital ExpendituresCapitalExpendituresAmt
A$22,020,000$50,740,000$324,722$50,415,27820150Yes (1)Yes (1)Yes (1)
B$12,055,000$76,299,686$773,696$62201800Yes (1)Yes (1)$16,205,000$75,525,928
C$15,240,000$26,535,000$105,499$26,429,5012015Yes (1)0Yes (1)Yes (1)
D$56,115,492$462,990$11,872,67820190Yes (1)Yes (1)Yes (1)$43,779,824

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)

Bond ReferenceBondReferenceCdOwning Bond Financed PropertyOwningBondFinancedPropertyIndAny Lease ArrangementsAnyLeaseArrangementsIndMgmt Contract Bond Fincd PropMgmtContractBondFincdPropIndEngage Bond Counsel ContractsEngageBondCounselContractsIndAny Research AgreementsAnyResearchAgreementsIndEngage Bond Counsel ResearchEngageBondCounselResearchIndBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdIndPrivate Bus Use By OthersPrivateBusUseByOthersPctTotal Private Business UseTotalPrivateBusinessUsePct
A00Yes (1)0Yes (1)000Yes (1)
B000000Yes (1)
C00Yes (1)0000Yes (1)0.018600.01860
D000Yes (1)000Yes (1)

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)

Bond ReferenceBondReferenceCdForm8038 T FiledForm8038TFiledIndRebate Not Due YetRebateNotDueYetIndException To RebateExceptionToRebateIndNo Rebate DueNoRebateDueIndVariable Rate IssueVariableRateIssueIndHedge Identified In Bks And RecHedgeIdentifiedInBksAndRecIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
A000Yes (1)0000Yes (1)
B000Yes (1)0000Yes (1)
C000Yes (1)0000Yes (1)
D000Yes (1)0000Yes (1)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

Bond ReferenceBondReferenceCdProcedures Corrective ActionProceduresCorrectiveActionInd
AYes (1)
BYes (1)
CYes (1)
DYes (1)

Supplemental Information Detail SupplementalInformationDetail (18 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE K, PART I, ROW A, COLUMN F02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - SERIES 2015A - PARTIAL REFUNDING - SERIES 2005 ISSUE DATED 08/18/2005.
SCHEDULE K, PART I, ROW B, COLUMN F03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - SERIES 2015B - NEW MONEY/CONSTRUCTION.
SCHEDULE K, PART I, ROW C, COLUMN F07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - SERIES 2015C - REFUNDING - PARTIAL REFUNDING SERIES 2005 ISSUE DATED 08/18/2005.
SCHEDULE K, PART I, ROW D, COLUMN F08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - SERIES 2017 - ADVANCE REFUNDING SERIES 2011 ISSUE DATED 07/07/2011 AND NEW MONEY/CONSTRUCTION.
SCHEDULE K, PART II, LINE 3, COLUMN B03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - TOTAL PROCEEDS OF ISSUE DIFFERS FROM THE ISSUE PRICE AS THE AMOUNT INCLUDES INVESTMENT EARNINGS.
SCHEDULE K, PART II, LINE 3, COLUMN B08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - TOTAL PROCEEDS OF ISSUE DIFFERS FROM THE ISSUE PRICE AS THE AMOUNT INCLUDES INVESTMENT EARNINGS.
SCHEDULE K, PART II, LINE 11, COLUMN A02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE.
SCHEDULE K, PART II, LINE 11, COLUMN B03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - OTHER SPENT PROCEEDS WERE TRANSFERRED TO THE INTEREST FUND.
SCHEDULE K, PART II, LINE 11, COLUMN C07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE.
SCHEDULE K, PART IV, LINE 2C, COLUMN A02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - FIVE YEAR REBATE COMPUTATION COMPLETED 02/12/2020. ANNUAL REBATE COMPUTATION COMPLETED 06/30/2023.
SCHEDULE K, PART IV, LINE 2C, COLUMN B03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - FIVE YEAR REBATE COMPUTATION COMPLETED 03/23/2020. ANNUAL REBATE COMPUTATION COMPLETED 06/30/2023.
SCHEDULE K, PART IV, LINE 2A, COLUMN C07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - FIVE YEAR REBATE COMPUTATION COMPLETED 07/17/2020. ANNUAL REBATE COMPUTATION COMPLETED 06/30/2023.
SCHEDULE K, PART IV, LINE 2A, COLUMN D08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - FIVE YEAR REBATE COMPUTATION COMPLETED 08/17/2022. ANNUAL REBATE COMPUTATION COMPLETED 06/30/2023.
SCHEDULE K, PART I ADDITIONAL PAGES, ROW A, COLUMN F01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - SERIES 2020A - CURRENT REFUNDING SERIES 2013 ISSUE DATED 11/08/2013, PARTIAL CURRENT REFUNDING OF SERIES 2015B ISSUE DATED 03/23/2015 AND NEW MONEY/CONSTRUCTION.
SCHEDULE K, PART II ADDITIONAL PAGES, LINE 3, COLUMN B01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - TOTAL PROCEEDS OF ISSUE DIFFERS FROM THE ISSUE PRICE AS THE AMOUNT INCLUDES INVESTMENT EARNINGS.
SCHEDULE K, PART II ADDITIONAL PAGES, LINE 11, COLUMN A01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE.
SCHEDULE K, PART II ADDITIONAL PAGES, LINE 12, COLUMN A01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - THE OTHER UNSPENT PROCEEDS ARE THE BALANCE OF PROCEEDS IN THE CONSTRUCTION FUND.
SCHEDULE K, PART IV, ADDITIONAL PAGES, LINE 2A, COLUMN A01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - ANNUAL REBATE COMPUTATION COMPLETED 06/30/2023.

Schedule K IRS990ScheduleK

Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd

Issuer Name IssuerName

FieldValueIRS element (for citing)
Business Name Line1VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2020A)BusinessNameLine1Txt
FieldValueIRS element (for citing)
Bond Issuer EIN800000613BondIssuerEIN
CUSIP928836NC5CUSIPNum
Bond Issued2020-01-16BondIssuedDt
Issue Price$118,087,855IssuePriceAmt
PurposeREFUND SERIES 2013, 2015B AND CONST.PurposeDesc
Defeased0DefeasedInd
On Behalf Of Issuer0OnBehalfOfIssuerInd
Pool Financing0PoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$3,280,000RetiredAmt
Total Proceeds$118,529,733TotalProceedsAmt
Issuance Costs From Proceeds$754,775IssuanceCostsFromProceedsAmt
Capital Expenditures$87,185,574CapitalExpendituresAmt
Other Spent Proceeds$27,241,130OtherSpentProceedsAmt
Unspent$3,348,254UnspentAmt
Refunding Tax Exempt BondsYes (1)RefundingTaxExemptBondsInd
Refunding Taxable Bonds0RefundingTaxableBondsInd
Final Allocation Made0FinalAllocationMadeInd
Adequate Books And Rec MaintYes (1)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed Property0OwningBondFinancedPropertyInd
Any Lease Arrangements0AnyLeaseArrangementsInd
Mgmt Contract Bond Fincd Prop0MgmtContractBondFincdPropInd
Any Research Agreements0AnyResearchAgreementsInd
Bond Iss Meet Prvt Sec Pymt Test0BondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (1)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T Filed0Form8038TFiledInd
Rebate Not Due YetYes (1)RebateNotDueYetInd
Exception To Rebate0ExceptionToRebateInd
No Rebate Due0NoRebateDueInd
Variable Rate Issue0VariableRateIssueInd
Hedge Identified In Bks And Rec0HedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GIC0GrossProceedsInvestedInGICInd
Gross Proceeds InvestedYes (1)GrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (1)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Procedures Corrective ActionYes (1)ProceduresCorrectiveActionInd

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Cash Grant$144,636CashGrantAmt
Type Of AssistanceFIN AID/WAIVERTypeOfAssistanceTxt
Assistance PurposeGEN SUPPAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
HF COMMERCIAL LAND HOLDINGS LLC
TRUSTEE HOSSEINI IS A PRINCIPAL AT THE ORGANIZATION LISTED ABOVE.$346,261LEASE SPACE0
INTERVEST CONSTRUCTION INDUSTRIES LLC
TRUSTEE HOSSEINI IS A PRINCIPAL AT THE ORGANIZATION LISTED ABOVE.$383,713LEASE SPACE0
ICI HOMES RESIDENTIAL HOLDINGS LLC
TRUSTEE HOSSEINI IS A PRINCIPAL AT THE ORGANIZATION LISTED ABOVE.$128,830LEASE SPACE0
ELIZABETH MATHEWS
FAMILY MEMBER OF KEY EMPLOYEE$71,773PAYMENT OF COMPENSATION0

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART IV:FormAndLineReferenceDesc
ExplanationALL BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS AS DISCLOSED IN PART IV ARE CONDUCTED IN ACCORDANCE WITH THE UNIVERSITY'S NORMAL BUSINESS PRACTICES.ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution3ContributionCnt
Noncash Contributions Rpt F990$350NoncashContributionsRptF990Amt
Method Of Determining RevenuesCOMPARE MKT VALUEMethodOfDeterminingRevenuesTxt

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$6,287NoncashContributionsRptF990Amt
Method Of Determining RevenuesSTATED FACE VALUEMethodOfDeterminingRevenuesTxt

Boats And Planes BoatsAndPlanesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$5,000NoncashContributionsRptF990Amt
Method Of Determining RevenuesSTATED FACE VALUEMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution11ContributionCnt
Noncash Contributions Rpt F990$10,608,285NoncashContributionsRptF990Amt
Method Of Determining RevenuesPUBLIC EXCHANGEMethodOfDeterminingRevenuesTxt

Collectibles CollectiblesGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution13ContributionCnt
Noncash Contributions Rpt F990$5,475NoncashContributionsRptF990Amt
Method Of Determining RevenuesSTATED FACE VALUEMethodOfDeterminingRevenuesTxt

Food Inventory FoodInventoryGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution35ContributionCnt
Noncash Contributions Rpt F990$1,825NoncashContributionsRptF990Amt
Method Of Determining RevenuesSTATED FACE VALUEMethodOfDeterminingRevenuesTxt

Historical Artifacts HistoricalArtifactsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$1,897NoncashContributionsRptF990Amt
Method Of Determining RevenuesSTATED FACE VALUEMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (2 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)EQUIPMENT7$213,772STATED FACE VALUE
Yes (X)GIFT CERT84$31,730STATED FACE VALUE
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be Held0AnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (1)ReviewProcessUnusualNCGiftsInd
Third Parties Used0ThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART I, COLUMN (B):FormAndLineReferenceDesc
ExplanationTHIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART VI, SECTION B, LINE 11BPRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF TRUSTEES, THE SENIOR VICE PRESIDENT AND CFO AND INDEPENDENT TAX ACCOUNTANTS. ALL MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED AN ELECTRONIC COPY OF THE COMPLETE FORM PRIOR TO FILING WITH THE IRS.
FORM 990, PART VI, SECTION B, LINE 12CEMBRY-RIDDLE'S INTERNAL AUDIT, RISK AND COMPLIANCE DEPARTMENT ANNUALLY ISSUES AND RECEIVES CONFLICT OF INTEREST DISCLOSURE FORMS FROM EMBRY-RIDDLE EMPLOYEES AND THE BOARD OF TRUSTEES. ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED, EVALUATED AND MONITORED BY EMBRY-RIDDLE'S VICE PRESIDENT AND GENERAL COUNSEL. CONFLICTS INVOLVING EMBRY-RIDDLE EMPLOYEES ARE EITHER RESOLVED OR FORWARDED TO HUMAN RESOURCES AND THE PARTICULAR EMPLOYEE'S SUPERVISORY CHAIN OF COMMMAND FOR DISCIPLINARY ACTION FOR AN UNRESOLVED CONFLICT OF INTEREST.
FORM 990, PART VI, SECTION B, LINE 15FOR THE PRESIDENT AND OTHER KEY EMPLOYEES (EMBRY-RIDDLE'S SENIOR VICE PRESIDENTS, CAMPUS CHANCELLORS, THE PROVOST, AND GENERAL COUNSEL), AN INDEPENDENT SEARCH CONSULTANT IS TYPICALLY RETAINED. SALARY DATA FROM COMPARABLE INSTITUTIONS ARE USED IN THE DETERMINATION OF AN INITIAL SALARY RANGE. THE COMPENSATION OFFER IS BASED ON THAT RANGE AND THE CANDIDATE'S SPECIFIC CREDENTIALS AND EXPERIENCE. ADDITIONALLY, THE PRESIDENT AND/OR THE SENIOR VICE PRESIDENT AND CFO IS REQUIRED TO APPROVE ANY BASE SALARY OVER $200,000. FOR ANNUAL CHANGES TO THE PRESIDENT'S COMPENSATION, THE BOARD CHAIR CONSIDERS INFORMATION FROM VARIOUS SOURCES SUCH AS THE CHRONICLE OF HIGHER EDUCATION, COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION HR (CUPA-HR), AND OTHER INSTITUTIONS IN THE STATE OF FLORIDA. THE BOARD CHAIR REVIEWS THE PRESIDENT'S PERFORMANCE WITH THE EXECUTIVE COMMITTEE OF THE BOARD AND DETERMINES ANY CHANGES IN COMPENSATION. FOR OTHER KEY EMPLOYEES, THE PRESIDENT CONDUCTS AN ANNUAL EVALUATION BASED ON EXPECTED PERFORMANCE METRICS. BASED ON THE PERFORMANCE ASSESSMENT AND A REVIEW OF PUBLICLY AVAILABLE SALARY DATA FOR SIMILAR EXECUTIVE POSITIONS IN HIGHER EDUCATION, THE PRESIDENT DEVELOPS COMPENSATION RECOMMENDATIONS THAT ARE SHARED WITH THE BOARD CHAIR. THE BOARD CHAIR AND THE PRESIDENT DISCUSS EACH RECOMMENDATION. THE BOARD CHAIR OFTEN INCORPORATES ADDITIONAL HIGHER EDUCATION COMPENSATION DATA AND THEN CONSULTS WITH THE BOARD'S EXECUTIVE COMMITTEE. THE MEETINGS ARE DOCUMENTED IN AN AGENDA AND THE PRESIDENT RETAINS THE RELEVANT INFORMATION.
FORM 990, PART VI, SECTION C, LINE 19EMBRY-RIDDLE MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. THE FORM 990 AND AUDITED CONSOLIDATED FINANCIAL STATEMENTS ARE DISCLOSED ON EMBRY-RIDDLE'S WEBSITE.
FORM 990, PART XI, LINE 9:CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -12,289.

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
EMBRY-RIDDLE BRASIL PARTICIPACOES LTDA
RUA ELVIRA FERRAZ 250 CJ616SAO PAULOBR04552-040981380920HIGHER EDBR$364,171$1,565,141EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC
EMBRY-RIDDLE AERONAUTICAL DEUTSCHLAND GMBH
HOLM BESSIE-COLEMAN-STR 7FRANKFURTGM60549981424758HIGHER EDGM$370,649$478,982EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdLegal Domicile StateLegalDomicileStateCd
EMBRY-RIDDLE AERONAUTICAL UNIV ASIA LTD
75 BUKIT TIMAH RD 02-01 BOON SIESINGAPORESN229833980681431HIGHER EDSN501(C)(3)LINE 2EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INCYes (1)
EAGLE FLYING CLUB OF ERAU
593530394AIRCRAFT RENTAL501(C)(4)EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INCYes (1)1 AEROSPACE BOULEVARDDAYTONA BEACHFL32114FL

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1ERAU ASIA INSTITUTE LTDBusinessNameLine1Txt

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line175 BUKIT TIMAH ROAD 02-01/02AddressLine1Txt
CityBOON SIEWCityNm
CountrySNCountryCd
Foreign Postal229833ForeignPostalCd
FieldValueIRS element (for citing)
Primary ActivitiesHIGHER EDUCATIONPrimaryActivitiesTxt
Legal Domicile Foreign CountrySNLegalDomicileForeignCountryCd
Entity TypeCEntityTypeTxt
Controlled OrganizationYes (1)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (1)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (1)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (2 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
EMBRY-RIDDLE AERONAUTICAL UNIV ASIA LTD
B$15,000CASH TRANSFER
EMBRY-RIDDLE AERONAUTICAL DEUTSCHLAND GMBH
P$370,948CASH TRANSFER