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EMBRY-RIDDLE AERONAUTICAL: Form 990, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
EMBRY-RIDDLE AERONAUTICAL (EIN 59-0936101)
Tax period
2023-07-01 to 2024-06-30
Filed
2025-05-14
IRS object ID
202521349349311737
Schema version
2023v6.0
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)
Return2025-05-14T17:39:13+00:00ReturnTs
Tax Period End2024-06-30TaxPeriodEndDt

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 Begin2023-07-01TaxPeriodBeginDt

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 HOWARDPersonNm
Person TitleSENIOR VP AND CFOPersonTitleTxt
Phone3862266000PhoneNum
Signature2025-05-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonBRIAN KEARNSPreparerPersonNm
PTINP02061479PTIN
Phone7032868000PhoneNum
Preparation2025-05-14PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1RANDALL B HOWARDBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 AEROSPACE BLVDAddressLine1Txt
CityDAYTONA BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32114ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,219,583,990GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.ERAU.EDUWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1960FormationYr
Legal Domicile StateFLLegalDomicileStateCd
Activity Or MissionSEE SCHEDULE OActivityOrMissionDesc
Voting Members Governing Body19VotingMembersGoverningBodyCnt
Voting Members Independent18VotingMembersIndependentCnt
Total Employee7938TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$785,144TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$296,938NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$44,304,520PYContributionsGrantsAmt
CY Contributions Grants$70,134,311CYContributionsGrantsAmt
PY Program Service Revenue$635,671,636PYProgramServiceRevenueAmt
CY Program Service Revenue$697,091,505CYProgramServiceRevenueAmt
PY Investment Income$22,431,014PYInvestmentIncomeAmt
CY Investment Income$42,342,867CYInvestmentIncomeAmt
PY Other Revenue$549,068PYOtherRevenueAmt
CY Other Revenue$621,529CYOtherRevenueAmt
PY Total Revenue$702,956,238PYTotalRevenueAmt
CY Total Revenue$810,190,212CYTotalRevenueAmt
PY Grants And Similar Paid$147,815,746PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$174,459,638CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$283,456,713PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$311,080,494CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,365,402CYTotalFundraisingExpenseAmt
PY Other Expenses$170,386,775PYOtherExpensesAmt
CY Other Expenses$183,553,091CYOtherExpensesAmt
PY Total Expenses$601,659,234PYTotalExpensesAmt
CY Total Expenses$669,093,223CYTotalExpensesAmt
PY Revenues Less Expenses$101,297,004PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$141,096,989CYRevenuesLessExpensesAmt
Total Assets BOY$1,443,112,700TotalAssetsBOYAmt
Total Assets EOY$1,592,608,509TotalAssetsEOYAmt
Total Liabilities BOY$443,266,123TotalLiabilitiesBOYAmt
Total Liabilities EOY$427,305,479TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$999,846,577NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,165,303,030NetAssetsOrFundBalancesEOYAmt
MissionSEE SCHEDULE OMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$537,140,785ExpenseAmt
Grant$174,459,638GrantAmt
Revenue$696,374,797RevenueAmt
DescAS THE WORLD'S LARGEST UNIVERSITY SPECIALIZING IN AVIATION AND AEROSPACE, EMBRY-RIDDLE HAS BEEN ON THE FOREFRONT OF GROUND-BREAKING AERONAUTICAL MILESTONES SINCE THE EARLY DAYS OF FLIGHT. FOR ALMOST 100 YEARS, THE UNIVERSITY HAS EVOLVED WITH INDUSTRY TO BREAK NEW GROUND AND PRODUCE TOP-LEVEL GRADUATES WHO SERVE 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, AND INTELLIGENCE, AND SPACE. THE UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC) TO AWARD DEGREES AT THE ASSOCIATE, BACCALAUREATE, MASTER'S AND DOCTORATE LEVELS.Desc
Total Program Service Expenses$537,140,785TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredfalseScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtYes (true)CollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsYes (true)DonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingYes (true)SchoolOperatingInd
Foreign OfficeYes (true)ForeignOfficeInd
Foreign ActivitiesYes (true)ForeignActivitiesInd
More Than5000 K To OrgYes (true)MoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesYes (true)FundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsYes (true)TaxExemptBondsInd
Invest Tax Exempt BondsYes (true)InvestTaxExemptBondsInd
Escrow AccountfalseEscrowAccountInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonYes (true)GrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntYes (true)BusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionYes (true)DeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityYes (true)DisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntYes (true)RelatedOrganizationCtrlEntInd
Transaction With Control EntYes (true)TransactionWithControlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgYes (true)TrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
Info In Schedule O Part VYes (X)InfoInScheduleOPartVInd
IRP Document479IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee7938EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
Foreign Financial AccountYes (true)ForeignFinancialAccountInd
Foreign CountrySNForeignCountryCd
Foreign CountryBRForeignCountryCd
Foreign CountryGMForeignCountryCd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsYes (true)QuidProQuoContributionsInd
Quid Pro Quo Contri DisclYes (true)QuidProQuoContriDisclInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members19GoverningBodyVotingMembersCnt
Independent Voting Member18IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldFLStatesWhereCopyOfReturnIsFldCd
States Where Copy Of Return Is FldAZStatesWhereCopyOfReturnIsFldCd
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 (40 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
CHARLES DUVA
BOARD MEMBER2.00Yes (X)$0$0$0
DAVID O'MALEY
BOARD MEMBER2.00Yes (X)$0$0$0
GLENN RITCHEY
BOARD MEMBER2.00Yes (X)$0$0$0
JAMES HENDERSON
BOARD MEMBER - VICE CHAIR5.00Yes (X)$0$0$0
JANET KAVANDI
BOARD MEMBER2.00Yes (X)$0$0$0
JEAN ROSANVALLON
BOARD MEMBER2.00Yes (X)$0$0$0
JOHN AMORE
BOARD MEMBER2.00Yes (X)$0$0$0
JON SLANGERUP
BOARD MEMBER2.00Yes (X)$0$0$0
JOSEPH MARTIN
BOARD MEMBER - TREASURER3.00Yes (X)$0$0$0
KENN RICCI
BOARD MEMBER2.00Yes (X)$0$0$0
KENNETH DUFOUR
BOARD MEMBER2.00Yes (X)$0$0$0
LEANNE CARET
BOARD MEMBER2.00Yes (X)$0$0$0
MICHAEL AMALFITANO
BOARD MEMBER2.00Yes (X)$0$0$0
MORTEZA HOSSEINI
BOARD MEMBER - CHAIR5.00Yes (X)$0$0$0
NEAL KEATING
BOARD MEMBER2.00Yes (X)$0$0$0
SALLY MASON
BOARD MEMBER2.00Yes (X)$0$0$0
STEVE VARSANO
BOARD MEMBER2.00Yes (X)$0$0$0
STEVEN NORDLUND
BOARD MEMBER2.00Yes (X)$0$0$0
ZANE ROWE
BOARD MEMBER - SECRETARY3.00Yes (X)$0$0$0
PATRICK BARRY BUTLER
PRESIDENT50.00$939,188$0$45,077Yes (X)
RANDALL B HOWARD
SVP & CFO50.03.0$623,500$0$45,149Yes (X)
ALAN STOLZER
DEAN, COLLEGE OF AVIATION40.00$255,115$0$35,829Yes (X)
BRANDON YOUNG
VICE PRESIDENT & CHRO40.00$265,914$0$36,997Yes (X)
CHARLES SEVASTOS
VICE PRESIDENT & GENERAL COUNSEL40.03.0$300,459$0$38,126Yes (X)
JASON RUCKERT
SVP, ENROLLMENT MGMT/MKTG40.00$312,833$0$33,246Yes (X)
JEREMY ERNST
VP, RESEARCH & DOCTORAL PROGRAMS40.00$239,211$0$26,480Yes (X)
JOHN WATRET
CHANCELLOR, WORLDWIDE CAMPUS40.05.0$508,633$0$43,792Yes (X)
KELLY AUSTIN
SVP, ACADEMIC AFFAIRS & PROVOST40.00$207,413$0$22,758Yes (X)
KELLY DOWLING
SVP PHILANTHROPY & ALUMNI ENGAGEMENT40.00$324,833$0$36,669Yes (X)
KEVIN KREIDE TERM 10312023
VICE PRESIDENT, FACILITIES40.00$211,023$0$19,037Yes (X)
LON MOELLER TERM 7132023
SVP, ACADEMIC AFFAIRS & PROVOST40.00$142,661$0$17,625Yes (X)
MARIE ANNETTE KARLSSON TERM 7312024
CHANCELLOR, PRESCOTT CAMPUS40.00$349,744$0$33,843Yes (X)
REBECCA VASQUEZ
VICE PRESIDENT & CIO40.00$269,472$0$35,346Yes (X)
RODNEY CRUISE
SVP & COO40.00$465,352$0$49,509Yes (X)
BARBARA HOLDER
ASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES40.00$294,124$0$29,845Yes (X)
JAMES GREGORY
DEAN, COLLEGE OF ENGINEERING40.00$382,645$0$48,464Yes (X)
RICCARDO BEVILACQUA
INTERIM ASSOC DEAN FOR RESEARCH & GRAD STUDIES40.00$267,552$0$42,718Yes (X)
SHANAN GIBSON
DEAN, O'MALEY COLLEGE OF BUSINESS40.00$265,738$0$27,906Yes (X)
STEVEN RIDDER
HEAD BASKETBALL COACH DB40.00$514,635$0$43,823Yes (X)
FRANCES AYERS
FORMER CHANCELLOR, PRESCOTT CAMPUS40.00$155,815$0$15,911Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$7,295,860TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$728,150TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K443IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedYes (true)FormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (5 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmtAddress Line2ContractorAddress/USAddress/AddressLine2Txt
SODEXO INC
PO BOX 360170PITTSBURGHPA152516170FOOD AND FACILITIES MGMT$30,470,364
PERRY MCCALL CONSTRUCTION INC
6104 SJACKSONVILLEFL32257CONSTRUCTION SERVICES$8,513,585GAZEBO PARK PLACE
COLEMAN GOODEMOTE CONSTRUCTION INC
619 N BEACH STDAYTONA BEACHFL32114CONSTRUCTION SERVICES$4,614,292
HES INTERMEDIATE HOLDINGS LLC
9202 S NORTHSHORE DRKNOXVILLETN37922CLEANING SERVICES$3,855,319STE 202
B TEAM CONSTRUCTION INC
5861 S KYRENE RDTEMPEAZ85283CONSTRUCTION SERVICES$3,004,544STE 12
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K244CntrctRcvdGreaterThan100KCnt
Fundraising$181,276FundraisingAmt
Government Grants$61,938,804GovernmentGrantsAmt
All Other Contributions$8,014,231AllOtherContributionsAmt
Noncash Contributions$236,986NoncashContributionsAmt
Total Contributions$70,134,311TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescHIGHER EDUCATIONDesc
Business611310BusinessCd
Total Revenue Column$697,091,505TotalRevenueColumnAmt
Related Or Exempt Func Income$696,306,361RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$785,144UnrelatedBusinessRevenueAmt

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$697,091,505TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$30,083,935TotalRevenueColumnAmt
Exclusion$30,083,935ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$117,883TotalRevenueColumnAmt
Exclusion$117,883ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$503,047RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$503,047RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$503,047TotalRevenueColumnAmt
Exclusion$503,047ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$412,021,710SecuritiesAmt
Other$8,715,811OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$408,596,472SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$3,425,238SecuritiesAmt
Other$8,715,811OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$12,141,049TotalRevenueColumnAmt
Exclusion$12,141,049ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$156,005FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$181,276ContriRptFundraisingEventAmt
Fundraising Direct Expenses$105,959FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$50,046TotalRevenueColumnAmt
Exclusion$50,046ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$759,783GrossSalesOfInventoryAmt
Cost Of Goods Sold$691,347CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$68,436TotalRevenueColumnAmt
Related Or Exempt Func Income$68,436RelatedOrExemptFuncIncomeAmt

Miscellaneous Revenue MiscellaneousRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$810,190,212TotalRevenueColumnAmt
Related Or Exempt Func Income$696,374,797RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$785,144UnrelatedBusinessRevenueAmt
Exclusion$42,895,960ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$6,149,950TotalAmt
Program Services$6,149,950ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$168,294,688TotalAmt
Program Services$168,294,688ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

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

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$6,380,202TotalAmt
Management And General$5,490,053ManagementAndGeneralAmt
Fundraising$890,149FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$234,250,846TotalAmt
Program Services$174,916,924ProgramServicesAmt
Management And General$56,067,968ManagementAndGeneralAmt
Fundraising$3,265,954FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$18,488,561TotalAmt
Program Services$13,182,546ProgramServicesAmt
Management And General$5,012,964ManagementAndGeneralAmt
Fundraising$293,051FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$36,057,697TotalAmt
Program Services$25,254,071ProgramServicesAmt
Management And General$10,084,196ManagementAndGeneralAmt
Fundraising$719,430FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$15,903,188TotalAmt
Program Services$11,757,672ProgramServicesAmt
Management And General$3,905,233ManagementAndGeneralAmt
Fundraising$240,283FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$2,753,942TotalAmt
Management And General$2,753,942ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$549,688TotalAmt
Management And General$549,688ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$251,853TotalAmt
Management And General$251,853ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$2,349,375TotalAmt
Management And General$2,349,375ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$24,925,604TotalAmt
Program Services$16,988,587ProgramServicesAmt
Management And General$7,855,036ManagementAndGeneralAmt
Fundraising$81,981FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,822,564TotalAmt
Program Services$3,417,398ProgramServicesAmt
Management And General$403,406ManagementAndGeneralAmt
Fundraising$1,760FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$12,325,022TotalAmt
Program Services$6,926,212ProgramServicesAmt
Management And General$5,375,353ManagementAndGeneralAmt
Fundraising$23,457FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$17,380,487TotalAmt
Program Services$13,406,460ProgramServicesAmt
Management And General$3,798,644ManagementAndGeneralAmt
Fundraising$175,383FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$15,796,880TotalAmt
Program Services$11,834,561ProgramServicesAmt
Management And General$3,962,319ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$10,075,962TotalAmt
Program Services$7,666,892ProgramServicesAmt
Management And General$2,130,398ManagementAndGeneralAmt
Fundraising$278,672FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$6,127,207TotalAmt
Program Services$4,477,467ProgramServicesAmt
Management And General$1,481,302ManagementAndGeneralAmt
Fundraising$168,438FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$9,581,169TotalAmt
Program Services$8,163,723ProgramServicesAmt
Management And General$1,417,446ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$41,405,729TotalAmt
Program Services$37,370,361ProgramServicesAmt
Management And General$3,882,648ManagementAndGeneralAmt
Fundraising$152,720FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$9,180,038TotalAmt
Program Services$4,243,288ProgramServicesAmt
Management And General$4,936,750ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
EQUIP. RENTAL & MAINT.$14,365,522$13,074,656$1,290,506$360
FUEL & OIL$6,617,511$6,373,550$243,961
PRINTING & PUBLICATIONS$2,332,086$1,152,820$1,140,652$38,614
MISCELLANEOUS$2,151,262$1,386,725$763,435$1,102

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,561,190TotalAmt
Program Services$1,087,234ProgramServicesAmt
Management And General$439,908ManagementAndGeneralAmt
Fundraising$34,048FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$669,093,223TotalAmt
Program Services$537,140,785ProgramServicesAmt
Management And General$125,587,036ManagementAndGeneralAmt
Fundraising$6,365,402FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$10,303,211BOYAmt
EOY$7,500,000EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$452,664,096BOYAmt
EOY$508,692,866EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$19,074,779BOYAmt
EOY$6,023,144EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$19,710,934BOYAmt
EOY$28,232,049EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$4,107,163BOYAmt
EOY$2,829,057EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$6,411,878BOYAmt
EOY$6,270,603EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$17,015,172BOYAmt
EOY$11,453,455EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,188,546,532LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$519,641,926LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$598,381,380BOYAmt
EOY$668,904,606EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$226,808,883BOYAmt
EOY$250,655,147EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$51,161,630BOYAmt
EOY$66,111,798EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$37,473,574BOYAmt
EOY$35,935,784EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,443,112,700BOYAmt
EOY$1,592,608,509EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$45,516,629BOYAmt
EOY$59,363,924EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$35,367,373BOYAmt
EOY$30,074,203EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$247,283,337BOYAmt
EOY$234,633,221EOYAmt

Loans From Officers Directors LoansFromOfficersDirectorsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$56,182,190BOYAmt
EOY$49,879,512EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$58,916,594BOYAmt
EOY$53,354,619EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$443,266,123BOYAmt
EOY$427,305,479EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$871,035,911BOYAmt
EOY$1,027,409,306EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$128,810,666BOYAmt
EOY$137,893,724EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$999,846,577BOYAmt
EOY$1,165,303,030EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,443,112,700BOYAmt
EOY$1,592,608,509EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$141,096,989ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$24,386,186NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets-$26,722OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredYes (true)FederalGrantAuditRequiredInd
Federal Grant Audit PerformedYes (true)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$36,025,861CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$51,434,504CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$93,202,342CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$44,056,071CurrentTaxYearMinus1YearAmt
Current Tax Year$69,906,662CurrentTaxYearAmt
Total$294,625,440TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$36,025,861CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$51,434,504CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$93,202,342CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$44,056,071CurrentTaxYearMinus1YearAmt
Current Tax Year$69,906,662CurrentTaxYearAmt
Total$294,625,440TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$18,786,805SubstantialContributorsTotAmt
Public Support Total170$275,838,635PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$7,968,689CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$6,212,250CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$12,544,773CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$20,622,102CurrentTaxYearMinus1YearAmt
Current Tax Year$30,704,864CurrentTaxYearAmt
Total$78,052,678TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$839CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$4,113CurrentTaxYearMinus1YearAmt
Current Tax Year$297,938CurrentTaxYearAmt
Total$302,890TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$380,006CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$168,751CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$572,207CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$790,596CurrentTaxYearMinus1YearAmt
Current Tax Year$915,788CurrentTaxYearAmt
Total$2,827,348TotalAmt
FieldValueIRS element (for citing)
Total Support$375,808,356TotalSupportAmt
Gross Receipts Rltd Activities$3,000,675,892GrossReceiptsRltdActivitiesAmt
Public Support CY1700.7340PublicSupportCY170Pct
Public Support PY1700.7547PublicSupportPY170Pct
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 Other IncomeFormAndLineReferenceDesc
ExplanationDESCRIPTION - FUNDRAISING, COLUMN A - 15963.0, COLUMN B - 57580.0, COLUMN C - 131679.0, COLUMN D - 220395.0, COLUMN E - 156005.0, COLUMN F - 581622.0; DESCRIPTION - SALES OF INVENTORY, COLUMN A - 364043.0, COLUMN B - 111171.0, COLUMN C - 440528.0, COLUMN D - 570201.0, COLUMN E - 759783.0, COLUMN F - 2245726.0;ExplanationTxt

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$251,853DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$251,853TotalLobbyingExpendituresAmt
Not Described Section501c3falseNotDescribedSection501c3Ind

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule C, Part II-B, Line 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)
Revenues Included$0RevenuesIncludedAmt
Assets Included$1,080,125AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$281,561,000BeginningYearBalanceAmt
Contributions$11,147,000ContributionsAmt
Investment Earnings Or Losses$31,070,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$5,594,000GrantsOrScholarshipsAmt
End Year Balance$318,184,000EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

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 Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

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 Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

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 Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

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
FieldValueIRS element (for citing)
Board Designated Balance EOY0.657BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.227PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.116TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

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$703,707,128OtherCostOrOtherBasisAmt
Depreciation$263,151,687DepreciationAmt
Book Value$440,555,441BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$311,429,853OtherCostOrOtherBasisAmt
Depreciation$191,928,983DepreciationAmt
Book Value$119,500,870BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$163,649,707OtherCostOrOtherBasisAmt
Depreciation$64,561,256DepreciationAmt
Book Value$99,088,451BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$668,904,606TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)

DescDescAmtAmt
ROU LEASE LIABILITY$35,395,113
STUDENT DEPOSITS/ADV PAYMENTS$10,093,818
ADVANCES, STUDENT LOANS/FIN AID$7,742,150
ANNUITIES PAYABLE$123,538
FieldValueIRS element (for citing)
Total Liability$53,354,619TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part III, Line 4 Collections of art - description of collectionsREFERENCED 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 Intended uses of endowment fundsENDOWMENT FUNDS ARE USED PRIMARILY FOR STUDENT SCHOLARSHIPS.
Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnoteEMBRY-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 2024 AND 2023, AND THERE ARE NO UNCERTAIN TAX POSITIONS CONSIDERED TO BE MATERIAL.

Schedule E IRS990ScheduleE

FieldValueIRS element (for citing)
Nondiscriminatory Policy StmtYes (true)NondiscriminatoryPolicyStmtInd
Policy Stmt In Brochures EtcYes (true)PolicyStmtInBrochuresEtcInd
Plcy Pblczd Via Broadcast MediaYes (true)PlcyPblczdViaBroadcastMediaInd
Maintain Racial Comp RecsYes (true)MaintainRacialCompRecsInd
Maintain Scholarships RecsYes (true)MaintainScholarshipsRecsInd
Maintain Cpy Of Brochures EtcYes (true)MaintainCpyOfBrochuresEtcInd
Maintain Cpy Of All SolYes (true)MaintainCpyOfAllSolInd
Discriminate Race Stdnts RghtsfalseDiscriminateRaceStdntsRghtsInd
Discriminate Race Admiss PlcyfalseDiscriminateRaceAdmissPlcyInd
Discriminate Race Emplm FcultyfalseDiscriminateRaceEmplmFcultyInd
Discriminate Race SchsfalseDiscriminateRaceSchsInd
Discriminate Race Educ PlcyfalseDiscriminateRaceEducPlcyInd
Discriminate Race Use Of FcltsfalseDiscriminateRaceUseOfFcltsInd
Discriminate Race Athlt ProgfalseDiscriminateRaceAthltProgInd
Discriminate Race Other ActyfalseDiscriminateRaceOtherActyInd
Government Financial Aid RcvdYes (true)GovernmentFinancialAidRcvdInd
Government Financial Aid RvkdfalseGovernmentFinancialAidRvkdInd
Compliance With Rev Proc7550Yes (true)ComplianceWithRevProc7550Ind

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICYPUBLICATION 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(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTEMBRY-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 (true)GrantRecordsMaintainedInd

Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)

RegionRegionTxtOfficesOfficesCntEmployeeEmployeeCntType Of Activities ConductedTypeOfActivitiesConductedTxtSpecific Services ProvidedSpecificServicesProvidedTxtRegion Total ExpendituresRegionTotalExpendituresAmt
East Asia and the Pacific155Program ServicesHIGHER EDUCATION$3,194,735
Europe (Including Iceland and Greenland)122Program ServicesHIGHER EDUCATION$302,681
South America17Program ServicesHIGHER EDUCATION$56,000
Central America and the Caribbean00Investments$26,213,003
FieldValueIRS element (for citing)
Subtotal Offices3SubtotalOfficesCnt
Subtotal Employees84SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office3TotalOfficeCnt
Total Employee84TotalEmployeeCnt
Subtotal Spent$29,766,419SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$29,766,419TotalSpentAmt

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 DisbursementWIRE TRANSFERMannerOfCashDisbursementTxt
FieldValueIRS element (for citing)
Total501c3 Org1Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt
Transfer To Foreign CorpYes (true)TransferToForeignCorpInd
Interest In Foreign TrustfalseInterestInForeignTrustInd
Foreign Corp OwnershipYes (true)ForeignCorpOwnershipInd
Passive Foreign Investmest CoYes (true)PassiveForeignInvestmestCoInd
Foreign PartnershipYes (true)ForeignPartnershipInd
Boycott CountriesfalseBoycottCountriesInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule F, Part I, Line 2 Procedures for monitoring use of grant fundsEMBRY-RIDDLE ENSURES THE PROPER USE OF GRANT FUNDS THROUGH A COMBINATION OF AGREEMENTS, REGULAR REPORTING, SITE VISITS AND FINANCIAL AUDITS.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statementsCENTRAL AMERICA AND THE CARIBBEAN-Accrual; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH AMERICA-Accrual
Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statementsEAST ASIA AND THE PACIFIC-Accrual

Schedule G IRS990ScheduleG

Fundraising Event Information FundraisingEventInformationGrp

FieldValueIRS element (for citing)
Event1GOLF TOURNAMENT NO. 1Event1Nm
Gross Receipts Event1$169,095GrossReceiptsEvent1Amt
Charitable Contri Event1$76,534CharitableContriEvent1Amt
Gross Revenue Event1$92,561GrossRevenueEvent1Amt
Rent Facility Costs Event1$32,040RentFacilityCostsEvent1Amt
Food And Beverage Event1$29,345FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$4,938OtherDirectExpensesEvent1Amt
Event2GOLF TOURNAMENT NO. 2Event2Nm
Gross Receipts Event2$111,266GrossReceiptsEvent2Amt
Charitable Contri Event2$70,882CharitableContriEvent2Amt
Gross Revenue Event2$40,384GrossRevenueEvent2Amt
Rent Facility Costs Event2$16,715RentFacilityCostsEvent2Amt
Food And Beverage Event2$10,490FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$617OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$56,920GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$33,860CharitableContriOtherEventsAmt
Gross Revenue Other Events$23,060GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$5,691RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$5,395FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events$728OthDirectExpnssOtherEventsAmt
Gross Receipts Total$337,281GrossReceiptsTotalAmt
Charitable Contributions Tot$181,276CharitableContributionsTotAmt
Gross Revenue Total Events$156,005GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$54,446RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$45,230FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$6,283OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$105,959DirectExpenseSummaryEventsAmt
Net Income Summary$50,046NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (8 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
AIR & SPACE FORCES ASSOCIATION
1501 LANSTON BLVDSTE 400ARLINGTONVA22209526043929501(C)(3)$25,000ORGANIZATION SPONSORSHIP
BROWN RIVERFRONT ESPLANADE FOUNDATION INC
249 N BEACH STDAYTONA BEACHFL32114831769296501(C)(3)$10,000SPONSOR COMMUNITY PROJECT
DAYTONA REGIONAL CHAMBER OF COMMERCE
126 EAST ORANGE AVEDAYTONA BEACHFL32114590215990501(C)(6)$7,950ORGANIZATION SPONSORSHIP
EXPERIMENTAL AIRCRAFT ASSOCIATION INC
3000 POBEREZNY ROADOSHKOSHWI54902390917537501(C)(3)$75,000NATIONAL CONVENTION SPONSORSHIP AND SPONSOR STUDENT MEMBERSHIP
MUSEUM OF ARTS AND SCIENCES INC
352 S NOVA ROADDAYTONA BEACHFL32114591022050501(C)(3)$15,000EXHIBIT SPONSORSHIP
MUSEUM OF FLIGHT FOUNDATION
9404 EAST MARGINAL WAY SSEATTLEWA98108910785826501(C)(3)$10,000AWARDS EVENT SPONSORSHIP
MOTORSPORTS CHARITIES INC
ONE DAYTONA BLVDDAYTONA BEACHFL32114300337745501(C)(3)$7,000ORGANIZATION SPONSORSHIP
SPACE FLORIDA
505 Odyssey WaySte 300Exploration ParkFL32953161767788$6,000,000To increase the University's research opportunities and collaborations with industry, and increase student demand and world-class job opportunities for its graduates.
FieldValueIRS element (for citing)
Total501c3 Org6Total501c3OrgCnt
Total Other Org2TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSTUDENT FINANCIAL AIDGrantTypeTxt
Recipient14349RecipientCnt
Cash Grant$168,294,688CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule I, Part III, Column (b) Estimated Number Of RecipientsSTUDENT FINANCIAL AID : SAME EXPLANATION AS SCHEDULE I, PART 1, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANT FUNDS.
Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds.EMBRY-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 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 (true)WrittenPolicyRefTAndEExpnssInd
Substantiation RequiredYes (true)SubstantiationRequiredInd
Compensation CommitteeYes (X)CompensationCommitteeInd
Compensation SurveyYes (X)CompensationSurveyInd
Board Or Committee ApprovalYes (X)BoardOrCommitteeApprovalInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsYes (true)AnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (21 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$670,641$0$150,730$0$117,817$0$33,000$0$12,077$0$984,265$0$0$0
RANDALL B HOWARD
SVP & CFO$520,319$0$100,730$0$2,451$0$33,000$0$12,149$0$668,649$0$0$0
FRANCES AYERS
FORMER CHANCELLOR, PRESCOTT CAMPUS$146,380$0$730$0$8,705$0$15,511$0$400$0$171,726$0$0$0
JOHN WATRET
CHANCELLOR, WORLDWIDE CAMPUS$429,806$0$75,730$0$3,097$0$33,000$0$10,792$0$552,425$0$0$0
RODNEY CRUISE
SVP & COO$382,842$0$80,730$0$1,780$0$33,000$0$16,509$0$514,861$0$0$0
MARIE ANNETTE KARLSSON TERM 7312024
CHANCELLOR, PRESCOTT CAMPUS$346,567$0$730$0$2,447$0$33,000$0$843$0$383,587$0$0$0
KELLY DOWLING
SVP PHILANTHROPY & ALUMNI ENGAGEMENT$302,786$0$730$0$21,317$0$29,905$0$6,764$0$361,502$0$0$0
JASON RUCKERT
SVP, ENROLLMENT MGMT/MKTG$296,590$0$10,730$0$5,513$0$31,402$0$1,844$0$346,079$0$0$0
CHARLES SEVASTOS
VICE PRESIDENT & GENERAL COUNSEL$277,884$0$20,730$0$1,845$0$30,373$0$7,753$0$338,585$0$0$0
REBECCA VASQUEZ
VICE PRESIDENT & CIO$258,090$0$3,230$0$8,152$0$26,430$0$8,916$0$304,818$0$0$0
BRANDON YOUNG
VICE PRESIDENT & CHRO$259,527$0$3,230$0$3,157$0$26,697$0$10,300$0$302,911$0$0$0
ALAN STOLZER
DEAN, COLLEGE OF AVIATION$252,562$0$730$0$1,823$0$25,693$0$10,136$0$290,944$0$0$0
JEREMY ERNST
VP, RESEARCH & DOCTORAL PROGRAMS$219,741$0$730$0$18,740$0$24,725$0$1,755$0$265,691$0$0$0
KELLY AUSTIN
SVP, ACADEMIC AFFAIRS & PROVOST$161,409$0$730$0$45,274$0$16,302$0$6,456$0$230,171$0$0$0
KEVIN KREIDE TERM 10312023
VICE PRESIDENT, FACILITIES$182,310$0$2,500$0$26,213$0$18,481$0$556$0$230,060$0$0$0
LON MOELLER TERM 7132023
SVP, ACADEMIC AFFAIRS & PROVOST$136,272$0$0$0$6,389$0$13,817$0$3,808$0$160,286$0$0$0
STEVEN RIDDER
HEAD BASKETBALL COACH DB$468,496$0$730$0$45,409$0$33,000$0$10,823$0$558,458$0$0$0
JAMES GREGORY
DEAN, COLLEGE OF ENGINEERING$381,304$0$730$0$611$0$33,000$0$15,464$0$431,109$0$0$0
BARBARA HOLDER
ASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES$172,305$0$730$0$121,089$0$29,303$0$542$0$323,969$0$0$0
RICCARDO BEVILACQUA
INTERIM ASSOC DEAN FOR RESEARCH & GRAD STUDIES$153,297$0$930$0$113,325$0$27,405$0$15,313$0$310,270$0$0$0
SHANAN GIBSON
DEAN, O'MALEY COLLEGE OF BUSINESS$264,412$0$730$0$596$0$26,516$0$1,390$0$293,644$0$0$0

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travelFIRST-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.
Schedule J, Part I, Line 1a Travel for companionsTRAVEL 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.
Schedule J, Part I, Line 1a Housing allowance or residence for personal useHOUSING 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.
Schedule J, Part I, Line 1a Health or social club dues or initiation feesHEALTH 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 7 Non-fixed paymentsNONFIXED PAYMENTS - SELECT PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1, RECEIVED AN ADDITIONAL PERFORMANCE BASED BONUS. ADDITIONALLY, ALL REFERENCED EMPLOYEES RECEIVE A HOLIDAY BONUS IN THE SAME AMOUNT THAT ALL 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 2005falsefalsefalse
VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015B)
B800000613928836KYO2015-03-23$76,273,696CONSTRUCTION AND CAPITAL IMPROVEMENTSYes (true)falsefalse
VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015C)
C8000006130000000002015-07-17$26,535,000PARTIALLY REFUND SERIES 2005falsefalsefalse
VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2017)
D800000613928836MP72017-08-17$54,335,668REFUND SERIES 2011 AND CONSTRUCTIONfalsefalsefalse

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$25,260,000$50,740,000$324,722$50,415,2782015falseYes (true)Yes (true)Yes (true)
B$15,860,000$76,299,686$773,696$622018falsefalseYes (true)Yes (true)$16,205,000$75,525,928
C$17,970,000$26,535,000$105,499$26,429,5012015Yes (true)falseYes (true)Yes (true)
D$390,000$56,115,492$462,990$11,872,6782019falseYes (true)Yes (true)Yes (true)$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 ResearchEngageBondCounselResearchIndTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdIndPrivate Bus Use By OthersPrivateBusUseByOthersPct
AfalsefalseYes (true)falseYes (true)false0.0falsefalseYes (true)
Bfalsefalsefalsefalse0.0falsefalseYes (true)
CfalsefalseYes (true)falsefalse0.0186falsefalseYes (true)0.0186
DfalsefalsefalseYes (true)false0.0falsefalseYes (true)

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
AfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)
BfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)
CfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)
DfalsefalsefalseYes (true)falsefalsefalsefalseYes (true)

Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)

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

Supplemental Information Detail SupplementalInformationDetail (17 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule K, Part I, Column (f) ROW A02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - SERIES 2015A - PARTIAL REFUNDING - SERIES 2005 ISSUE DATED 08/18/2005.
Schedule K, Part I, Column (f) ROW B03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - SERIES 2015B - NEW MONEY/CONSTRUCTION.
Schedule K, Part I, Column (f) ROW C07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - SERIES 2015C - REFUNDING - PARTIAL REFUNDING SERIES 2005 ISSUE DATED 08/18/2005.
Schedule K, Part I, Column (f) ROW D08/17/2017 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 D08/17/2017 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 II, Line 11 COLUMN D08/17/2017 54,335,668 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 06/30/2024.
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 06/30/2024.
Schedule K, Part IV, Line 2c COLUMN C07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - FIVE YEAR REBATE COMPUTATION COMPLETED 07/17/2020. ANNUAL REBATE COMPUTATION COMPLETED 06/30/2024.
Schedule K, Part IV, Line 2c COLUMN D08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - FIVE YEAR REBATE COMPUTATION COMPLETED 08/17/2022. ANNUAL REBATE COMPUTATION COMPLETED 06/30/2024.
Schedule K, Part I, Column (f) ADDITIONAL PAGES, ROW A01/16/2020 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, Line 3 ADDITIONAL PAGES, COLUMN A01/16/2020 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, Line 11 ADDITIONAL PAGES, COLUMN A01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE.

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 CONSTRUCTIONPurposeDesc
DefeasedfalseDefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingfalsePoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$4,470,000RetiredAmt
Total Proceeds$118,627,015TotalProceedsAmt
Issuance Costs From Proceeds$754,775IssuanceCostsFromProceedsAmt
Capital Expenditures$90,631,110CapitalExpendituresAmt
Other Spent Proceeds$27,241,130OtherSpentProceedsAmt
Substantial Completion2024SubstantialCompletionYr
Refunding Tax Exempt BondsYes (true)RefundingTaxExemptBondsInd
Refunding Taxable BondsfalseRefundingTaxableBondsInd
Final Allocation MadefalseFinalAllocationMadeInd
Adequate Books And Rec MaintYes (true)AdequateBooksAndRecMaintInd

Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Owning Bond Financed PropertyfalseOwningBondFinancedPropertyInd
Any Lease ArrangementsfalseAnyLeaseArrangementsInd
Mgmt Contract Bond Fincd PropfalseMgmtContractBondFincdPropInd
Any Research AgreementsfalseAnyResearchAgreementsInd
Total Private Business Use0.0TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Procs Nonqualified Bond RemdtdYes (true)ProcsNonqualifiedBondRemdtdInd

Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Form8038 T FiledYes (true)Form8038TFiledInd
Rebate Not Due YetYes (true)RebateNotDueYetInd
Exception To RebatefalseExceptionToRebateInd
No Rebate DuefalseNoRebateDueInd
Variable Rate IssuefalseVariableRateIssueInd
Hedge Identified In Bks And RecfalseHedgeIdentifiedInBksAndRecInd
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGICInd
Gross Proceeds InvestedYes (true)GrossProceedsInvestedInd
Written Proc To Monitor ReqsYes (true)WrittenProcToMonitorReqsInd

Procedures Corrective Action ProceduresCorrectiveActionGrp

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

Schedule L IRS990ScheduleL

Grnt Asst Bnft Interested Prsn GrntAsstBnftInterestedPrsnGrp

FieldValueIRS element (for citing)
Cash Grant$57,435CashGrantAmt
Type Of AssistanceFINANCIAL AID / TUITION WAIVERSTypeOfAssistanceTxt
Assistance PurposeGENERAL SUPPORTAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (4 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
HF COMMERCIAL LAND HOLDINGS LLC
TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION$370,827LEASE SPACEfalse
INTERVEST CONSTRUCTION INDUSTRIES LLC
TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION$392,697LEASE SPACEfalse
ICI HOMES RESIDENTIAL HOLDINGS LLC
TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION$120,607LEASE SPACEfalse
ELIZABETH MATTHEWS
FAMILY MEMBER OF KEY EMPLOYEE$77,694PAYMENT OF COMPENSATIONfalse

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part IVFormAndLineReferenceDesc
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
Contribution5ContributionCnt
Noncash Contributions Rpt F990$2,200NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$3,271NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution18ContributionCnt
Noncash Contributions Rpt F990$208,192NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (4 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)BOOKS AND PUBLICATIONS2$4,212Market value
Yes (X)Equipment1$3,996Market value
Yes (X)Gift Certificates42$6,412Market value
Yes (X)Miscellaneous13$8,703Market value
FieldValueIRS element (for citing)
Form8283 Received0Form8283ReceivedCnt
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule M, Part I (b) Number of contributions or items contributedFormAndLineReferenceDesc
ExplanationTHIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS RECEIVED.ExplanationTxt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (8 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part I, Line 1 DESCRIPTION OF ORGANIZATION 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 TO SERVE 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 AND INTELLIGENCE 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".
Form 990, Part III, Line 1 DESCRIPTION OF ORGANIZATION MISSIONEMBRY-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.
Form 990, Part VI, Line 11b Review of form 990 by governing bodyPRIOR 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, Line 12c Conflict of interest policyEMBRY-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, Line 15a Process to establish compensation of top management officialFOR 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, Line 15b Process to establish compensation of other employeesSAME EXPLANATION AS 15A PROCESS TO ESTABLISH COMPENSATION OF TOP MANAGEMENT OFFICIAL.
Form 990, Part VI, Line 19 Required documents available to the publicEMBRY-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 Other changes in net assets or fund balancesCHANGE IN VALUE OF SPLIT INTEREST AGREEMENT - -26722;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

EINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1Txt
EMBRY-RIDDLE BRASIL PARTICIPACOES LTDA
981380920HIGHER EDUCATIONBR$399,253$1,547,297EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC
EMBRY-RIDDLE EUROPE GMBH (FKA EMBRY-RIDDLE AERONAUTICAL DEUTSCHLAND GMBH)
981424758HIGHER EDUCATIONGM$871,625$675,310EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

EINEINPrimary 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
980681431HIGHER EDUCATIONSN501(c)(3)2EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INCYes (true)
EAGLE FLYING CLUB OF ERAU
593530394AIRCRAFT RENTAL501(c)(4)EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INCYes (true)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
FieldValueIRS element (for citing)
Primary ActivitiesHIGHER EDUCATIONPrimaryActivitiesTxt
Legal Domicile Foreign CountrySNLegalDomicileForeignCountryCd
Direct Controlling NAN/ADirectControllingNACd
Entity TypeC CorporationEntityTypeTxt
Controlled OrganizationYes (true)ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgYes (true)GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingfalsePaidEmployeesSharingInd
Reimbursement Paid To Other OrgYes (true)ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgfalseTransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp

Other Organization Name OtherOrganizationName

FieldValueIRS element (for citing)
Business Name Line1EMBRY-RIDDLE EUROPE GMBH (FKA EMBRY-RIDDLE AERONAUTICAL DEUTSHLAND GMBH)BusinessNameLine1Txt
FieldValueIRS element (for citing)
Transaction TypePTransactionTypeTxt
Involved$432,925InvolvedAmt
Method Of Amount DeterminationCASH TRANSFERMethodOfAmountDeterminationTxt