2022-05-13T18:25:13-05:00 2021-06-30 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2020-07-01 590936101 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBR 3862266000 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 RANDALL B HOWARD PHD SENIOR VP AND CFO 3862266000 2022-05-11 1 RANDALL HOWARD PHD XXX-XX-XXXX JONATHAN LIST P01679255 7032868000 2022-05-11 3 AAL1 IAL1 2020 2022-09-23 18:48:47Z RANDALL B HOWARD 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 811246837 0 X WWW.ERAU.EDU X 1960 FL SEE SCHEDULE O.EMBRY-RIDDLE AERONAUTICAL UNIVERSITY, INC. (ERAU) IS A PRIVATE CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING. ERAU HAS LONG BEEN THE ESTABLISHED LEADER IN AERONAUTICS AND AEROSPACE EDUCATION, AND ERAU'S AVIATION BACKGROUND HAS EXPANDED OVER THE YEARS TO INCLUDE SEVEN PRIMARY FIELDS OF STUDY: APPLIED SCIENCE, AVIATION, BUSINESS, COMPUTERS AND TECHNOLOGY, ENGINEERING, SPACE, AND SAFETY, SECURITY AND INTELLIGENCE. 17 16 6927 0 50260 0 36095261 51495298 516970894 555043432 8184287 9379622 491664 400133 561742106 616318485 118622193 128345091 0 0 247302649 255973792 0 0 2625965 132649188 133898125 498574030 518217008 63168076 98101477 1097177529 1265271185 444811915 466304857 652365614 798966328 X SEE SCHEDULE OERAU IS THE WORLD LEADER IN AVIATION AND AEROSPACE HIGHER EDUCATION. ERAU'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. ERAU'S REPUTATION AS A LEADER IN AVIATION AND AEROSPACE HIGHER EDUCATION IS GROUNDED IN ITS AVIATION ROOTS DATING BACK TO 1926. 0 0 409568200 128345091 555000527 ERAU PROVIDES COMPREHENSIVE EDUCATION LEADING TO ASSOCIATE, BACHELOR, MASTER AND DOCTORAL DEGREES, SEMINARS, SHORT COURSES AND RESEARCH ACTIVITY TO PART-TIME AND FULL-TIME STUDENTS. 409568200 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 1 380 0 1 6927 1 1 1 1 BR SN GM 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ FL X X JARE ALLOCCO ALLEN 3863238078 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 MORTEZA HOSSEINI BOARD MEMBER - CHAIR 5.00 0.00 X 0 0 0 JAMES HENDERSON BOARD MEMBER - VICE CHAIR 5.00 0.00 X 0 0 0 JOSEPH MARTIN BOARD MEMBER - TREASURER 3.00 0.00 X 0 0 0 ZANE ROWE BOARD MEMBER - SECRETARY 3.00 0.00 X 0 0 0 JOHN AMORE BOARD MEMBER 2.00 0.00 X 0 0 0 KENNETH DUFOUR BOARD MEMBER 2.00 0.00 X 0 0 0 CHARLES DUVA BOARD MEMBER 2.00 0.00 X 0 0 0 RONALD KEYS BOARD MEMBER 2.00 0.00 X 0 0 0 JON SLANGERUP BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID O'MALEY BOARD MEMBER 2.00 0.00 X 0 0 0 GLENN S RITCHEY BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID ROBERTSON BOARD MEMBER 2.00 0.00 X 0 0 0 JEAN G ROSANVALLON BOARD MEMBER 2.00 0.00 X 0 0 0 SALLY MASON BOARD MEMBER 2.00 0.00 X 0 0 0 JANET KAVANDI BOARD MEMBER 2.00 0.00 X 0 0 0 NEAL KEATING BOARD MEMBER 2.00 0.00 X 0 0 0 STEVEN NORDLUND BOARD MEMBER 2.00 0.00 X 0 0 0 P BARRY BUTLER PRESIDENT 50.00 0.00 X 784279 0 40522 RANDALL HOWARD SVP, CFO 50.00 0.00 X 495728 0 40438 JOHN WATRET CHANCELLOR, WORLDWIDE CAMPUS 45.00 0.00 X 443275 0 41039 RODNEY CRUISE SVP ADMINISTRATION & COO 40.00 0.00 X 385136 0 37728 LON MOELLER SVP ACADEMIC AFFAIRS PROVOST 40.00 0.00 X 359272 0 40980 ANETTE KARLSSON CHANCELLOR, PRESCOTT CAMPUS 40.00 0.00 X 323566 0 27842 CHARLIE SEVASTOS VP AND GENERAL COUNSEL 40.00 0.00 X 253629 0 30380 MARC ARCHAMBAULT SVP PHILANTHROPY ALUMNI ENGAGEMENT 40.00 0.00 X 235435 0 32104 REBECCA VASQUEZ VICE PRESIDENT, CIO 40.00 0.00 X 232932 0 28185 BRANDON YOUNG VICE PRESIDENT, CHRO 40.00 0.00 X 225484 0 34956 JASON RUCKERT VICE PRESIDENT, ENROLL MGMT 40.00 0.00 X 212730 0 30659 STEVEN RIDDER HEAD BASKETBALL COACH DB 40.00 0.00 X 453854 0 36800 MAJ DEAN MIRMIRANI DEAN, COLLEGE OF ENGINEERING 40.00 0.00 X 264716 0 25883 REMZI SEKER ASSOCIATE PROVOST 40.00 0.00 X 251442 0 37705 ANASTASIOS LYRINTZIS DEPARTMENT CHAIR 40.00 0.00 X 248322 0 36736 SCOTT SHAPPELL DEPARTMENT CHAIR 40.00 0.00 X 245630 0 37118 FRANCIS AYERS FORMER CHANCELLOR, PRESCOTT CAMPUS 40.00 0.00 X 142054 0 13707 5557484 0 572782 377 1 1 0 PERRY MCCALL CONSTRUCTION INC 6104 SOUTH GAZEBO PARK PLACE JACKSONVILLE FL 32257 CONSTRUCTION SERVICES 33214173 COLLABORATIVE SOLUTIONS 11190 SUNRISE VALLEY DR STE 110 RESTON VA 20191 CONSULTING 2162188 COLEMAN GOODEMOTE CONSTRUCTION INC 619 N BEACH ST DAYTONA BEACH FL 32114 CONSTRUCTION SERVICES 2091029 WFF FACILITY SERVICES 211 S JEFFERSON AVE ST LOUIS MO 63103 FACILITY SERVICES 2056900 EAB GLOBAL INC 1920 EAST PARHAM ROAD RICHMOND VA 23228 MARKETING RECRUIT 1848643 97 105715 45293323 6096260 314921 51495298 HIGHER EDUCATION 611310 555043432 554993172 50260 555043432 5824000 5824000 8499 8499 379751 0 379751 379751 379751 197144908 1182198 193418713 1361270 3726195 -179072 3547123 3547123 57580 105715 44553 13027 13027 111171 103816 7355 7355 616318485 555000527 50260 9772400 X 111000 111000 128234091 128234091 4746421 4746421 150727 150727 193093184 147167900 44054480 1870804 14790346 11024474 3625688 140184 28673807 21379527 7022752 271528 14519307 10825803 3556014 137490 803294 803294 481858 481858 286090 286090 1331219 1331219 18082690 10682259 7339764 60667 2869846 2260262 608757 827 11039733 5707263 5298565 33905 3488737 1912359 1574435 1943 13466096 7795047 5671049 1327503 1068426 237657 21420 1447552 1249380 194081 4091 8100621 6987606 1113015 37183356 33877410 3305946 5540403 2415175 3125228 EQUIP. RENTAL & MAINT. 20374184 10415499 9949685 9000 FUEL & OIL 3915183 3779327 135856 PRINTING & PUBS 2083198 744235 1282023 56940 MISCELLANEOUS 793759 483134 309111 1514 1282803 1011206 255945 15652 518217008 409568200 106022843 2625965 20268721 27825834 243374460 327598570 5441984 5412792 15304384 26492030 8577941 7205666 3942215 3884379 8574253 10394560 989842204 434965713 515886767 554876491 227819140 253888658 16553219 20624699 31434445 27067506 1097177529 1265271185 48937463 54911507 32748863 28249860 271742564 263730168 38259969 74088490 53123056 45324832 444811915 466304857 X 574692674 703500744 77672940 95465584 652365614 798966328 1097177529 1265271185 X 98101477 48507642 -8405 X 0 1 X 1 1 1 X 15825404 15535121 36906226 36095261 51495298 155857310 15825404 15535121 36906226 36095261 51495298 155857310 5974765 149882545 3708537 5352837 7477830 7968689 6212250 30720143 186577453 2456717211 0.80330 0.76160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 286090 0 0 286090 0 SCHEDULE C, PART II-B 1G ERAU RETAINS LOBBYING FIRMS AT THE STATE AND FEDERAL LEVELS. ERAU'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 ERAU. AT THE FEDERAL LEVEL, ERAU'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 ERAU'S STUDENTS AS THEY PROGRESS THROUGH PILOT OR AIR TRAFFIC MANAGEMENT EDUCATIONAL PROGRAMS - TWO AREAS HEAVILY REGULATED BY THE FAA. ERAU WORKS TO MAKE THE FAA AWARE OF HOW POTENTIAL POLICY CHANGES AFFECT COLLEGIATE PROGRAMS. 1929806 X X 0 0 172374000 20075000 56358000 5987000 242820000 161405000 9377000 3074000 1482000 172374000 134498000 22481000 5780000 1354000 161405000 124599000 1033000 10200000 1334000 134498000 107307000 3163000 15260000 1131000 124599000 0.66800 0.18600 0.14600 0 0 9734859 9734859 585208460 210506743 374701717 256422804 169851513 86571291 138476081 54607457 83868624 554876491 RIGHT OF USE OPERATING LEASE LIABILITIES 27094650 STUDENT DEPOSITS/ADV PAYMENTS 10878776 ADVANCES, STUDENT LOANS/FIN AID 7259622 ANNUITIES PAYABLE 91784 45324832 X PART X, LINE 2: SCHEDULE D, PART X, LINE 2: ERAU IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS AMENDED 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 2021 AND 2020, 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 27 PIECES OF FINE ART INCLUDING, BUT NOT LIMITED TO, SCULPTURES, STATUES AND PAINTINGS. THIS COLLECTION SERVES TO ENRICH THE CULTURAL AND EDUCATIONAL ENVIRONMENT OF ERAU. SCHEDULE D, PART V, LINE 4: ENDOWMENT FUNDS ARE USED PRIMARILY FOR STUDENT SCHOLARSHIPS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLICATION OF NON-DISCRIMINATORY POLICY ERAU 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: ERAU RECEIVES FINANCIAL ASSISTANCE FROM FEDERAL AND STATE AGENCIES FOR STUDENT FINANCIAL AID AND ACADEMIC RESEARCH. 1 EAST ASIA AND THE PACIFIC 1 18 PROGRAM SERVICES HIGHER EDUCATION 3213753 EUROPE 1 3 PROGRAM SERVICES HIGHER EDUCATION 302681 SOUTH AMERICA 1 7 PROGRAM SERVICES HIGHER EDUCATION 56000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 11403468 3 28 0 0 3 28 14975902 0 14975902 1 0 1 1 1 0 PART III ACCOUNTING METHOD: GOLF TOURNAMENT 39405 21725 17680 5415 293 GOLF TOURNAMENT 96500 58920 37580 20054 11521 3974 1 27390 25070 2320 3296 163295 105715 57580 25469 11521 7563 44553 13027 1 EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 57500 NATIONAL CONVENTION SPONSORSHIP EAA AVIATION FOUNDATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 391033301 501(C)(3) 13500 BOOK AIRCRAFT EDUCATIONAL AND SCIENTIFIC PURPOSES MUSEUM OF ARTS AND SCIENCES INC 352 SOUTH NOVA ROAD DAYTONA BEACH FL 32114 591022050 501(C)(3) 10000 EXHIBIT SPONSORSHIP ENTERPRISE FLORIDA INC 800 NORTH MAGNOLIA AVE ORLANDO FL 32803 593165226 501(C)(3) 10000 EVENT SPONSORSHIP NOVAPPROACH SPINE LLC 13900 TECH CITY CIRCLE STE 300 ALACHUA FL 32615 843873119 10000 COMPETITION PRIZE SPONSORSHIP SWALLY INC 1410 SOARING FLIGHT WAY JACKSONVILLE FL 32225 10000 COMPETITION PRIZE SPONSORSHIP 4 2 STUDENT FINANCIAL AID 20246 126643124 CARES ACT EMERGENCY FINANCIAL AID GRANTS TO STUDENTS 3438 1590967 SCHEDULE I, PART I, LINE 2 ERAU 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, ERAU 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: ERAU OFFERS STUDENT FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND GRANTS WHICH ARE PROVIDED BY ERAU AND FEDERAL AND STATE GOVERNMENTS. ERAU'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 ERAU POLICY AND ALL APPLICABLE LAWS AND REGULATIONS. SCHEDULE I, PART III, LINE 2, COLUMN (C) AMOUNTS OF CASH GRANTS REPRESENT CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT EMERGENCY FINANCIAL AID GRANTS TO STUDENTS. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 P BARRY BUTLER PRESIDENT 551855 0 115130 0 117294 0 27075 0 13447 0 824801 0 0 0 RANDALL HOWARD SVP, CFO 432491 0 60130 0 3107 0 27075 0 13363 0 536166 0 0 0 STEVEN RIDDER HEAD BASKETBALL COACH DB 447136 0 880 0 5838 0 27075 0 9725 0 490654 0 0 0 JOHN WATRET CHANCELLOR, WORLDWIDE CAMPUS 379744 0 50880 0 12651 0 27075 0 13964 0 484314 0 0 0 RODNEY CRUISE SVP ADMINISTRATION & COO 323047 0 60130 0 1959 0 27075 0 10653 0 422864 0 0 0 LON MOELLER SVP ACADEMIC AFFAIRS PROVOST 355653 0 130 0 3489 0 27075 0 13905 0 400252 0 0 0 ANETTE KARLSSON CHANCELLOR, PRESCOTT CAMPUS 322148 0 130 0 1288 0 27075 0 767 0 351408 0 0 0 MAJ DEAN MIRMIRANI DEAN, COLLEGE OF ENGINEERING 260996 0 130 0 3590 0 24809 0 1074 0 290599 0 0 0 REMZI SEKER ASSOCIATE PROVOST 251076 0 130 0 236 0 24384 0 13321 0 289147 0 0 0 ANASTASIOS LYRINTZIS DEPARTMENT CHAIR 246130 0 130 0 2062 0 23787 0 12949 0 285058 0 0 0 CHARLIE SEVASTOS VP AND GENERAL COUNSEL 250782 0 130 0 2717 0 24289 0 6091 0 284009 0 0 0 SCOTT SHAPPELL DEPARTMENT CHAIR 244557 0 130 0 943 0 23765 0 13353 0 282748 0 0 0 MARC ARCHAMBAULT SVP PHILANTHROPY ALUMNI ENGAGEMENT 233777 0 130 0 1528 0 22797 0 9307 0 267539 0 0 0 REBECCA VASQUEZ VICE PRESIDENT, CIO 229313 0 130 0 3489 0 21928 0 6257 0 261117 0 0 0 BRANDON YOUNG VICE PRESIDENT, CHRO 223817 0 130 0 1537 0 21895 0 13061 0 260440 0 0 0 JASON RUCKERT VICE PRESIDENT, ENROLL MGMT 211176 0 130 0 1424 0 20587 0 10072 0 243389 0 0 0 FRANCIS AYERS FORMER CHANCELLOR, PRESCOTT CAMPUS 141361 0 130 0 563 0 13429 0 278 0 155761 0 0 0 SCHEDULE J PART I, LINE 1A FIRST-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. 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 ERAU MAY TRAVEL TO FUNCTIONS OR OTHER EVENTS RELATED TO THE ONGOING BUSINESS OF ERAU. ERAU 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 ERAU, AT THE CONVENIENCE OF ERAU, 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 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 NONFIXED 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 RECEIVE. A VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY 800000613 000000000 2015-02-12 50740000 PARTIALLY REFUND SERIES 2005 0 0 0 B VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY 800000613 928836KYO 2015-03-23 76273696 CONSTRUCTION AND CAPITAL IMPROVEMENTS 1 0 0 C VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY 800000613 000000000 2015-07-17 26535000 PARTIALLY REFUND SERIES 2005 0 0 0 D VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY 800000613 928836MP7 2017-08-17 54335668 REFUND SERIES 2011 AND CONSTRUCTION 0 0 0 A 15810000 50740000 324722 50415278 0 1 1 1 B 1640000 26265000 76299686 773696 75525928 62 2018 0 0 1 1 C 10115000 26535000 105499 26429501 1 0 1 1 D 55311131 11068317 462990 43779824 2019 0 1 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 1 0 0 0.01860 0.01860 0 0 1 D 0 0 0 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 DATE REBATE COMPUTATION PERFORMED ISSUER NAME: VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY DATE THE REBATE COMPUTATION WAS PERFORMED: 08/14/2020 SCHEDULE K, PART I, ROW A, COLUMN F 02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - SERIES 2015A - PARTIAL REFUNDING - SERIES 2005 ISSUE DATED 8/18/2005. SCHEDULE K, PART I, ROW B, COLUMN F 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - SERIES 2015B - NEW MONEY/CONSTRUCTION. SCHEDULE K, PART I, ROW C, COLUMN F 07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - SERIES 2015C - REFUNDING - PARTIAL REFUNDING SERIES 2005 ISSUE DATED 8/18/2005. SCHEDULE K, PART I, ROW D, COLUMN F 08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY SERIES 2017 - ADVANCE REFUNDING SERIES 2011 ISSUE DATED 7/7/2011 AND NEW MONEY/CONSTRUCTION. SCHEDULE K, PART II, LINE 3, COLUMN B 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - TOTAL PROCEEDS OF ISSUE DIFFERS FROM THE ISSUE PRICE AS THE AMOUNT INCLUDES INVESTMENT EARNINGS. SCHEDULE K, PART II, LINE 3, COLUMN B 08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY- TOTAL PROCEEDS OF ISSUE DIFFERS FROM THE ISSUE PRICE AS THE AMOUNT INCLUDES INVESTMENT EARNINGS. SCHEDULE K, PART II, LINE 11, COLUMN A 02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. SCHEDULE K, PART II, LINE 11, COLUMN B 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - THE OTHER SPENT PROCEEDS WERE TRANSFERRED TO THE INTEREST FUND. SCHEDULE K, PART II, LINE 11, COLUMN C 07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. SCHEDULE K, PART IV, LINE 2C, COLUMN A 02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - ANNUAL REBATE COMPUTATIONS COMPLETED 6/30/21. SCHEDULE K, PART IV, LINE 2C, COLUMN B 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - ANNUAL REBATE COMPUTATIONS COMPLETED 6/30/21. SCHEDULE K, PART IV, LINE 2A, COLUMN C 07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - ANNUAL REBATE COMPUTATIONS COMPLETED 6/30/21. SCHEDULE K, PART IV, LINE 2A, COLUMN D 08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY- ANNUAL REBATE COMPUTATIONS COMPLETED 6/30/21. SCHEDULE K, PART I ADDITIONAL PAGES, ROW A, COLUMN F 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY SERIES 2020A - CURRENT REFUNDING SERIES 2013 ISSUE DATED 11/8/2013, PARTIAL CURRENT REFUNDING OF SERIES 2015B ISSUE DATED 3/23/2015 AND NEW MONEY/CONSTRUCTION. SCHEDULE K, PART II ADDITIONAL PAGES, LINE 3, COLUMN B 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY TOTAL PROCEEDS OF ISSUE DIFFERS FROM THE ISSUE PRICE AS THE AMOUNT INCLUDES INVESTMENT EARNINGS. SCHEDULE K, PART II ADDITIONAL PAGES, LINE 11, COLUMN A 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. SCHEDULE K, PART II ADDITIONAL PAGES, LINE 12, COLUMN A 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY THE OTHER UNSPENT PROCEEDS ARE THE BALANCE OF THE PROCEEDS IN THE CONSTRUCTION FUND. SCHEDULE K, PART IV, ADDITIONAL PAGES, LINE 2A, COLUMN A 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY ANNUAL REBATE COMPUTATIONS COMPLETED 6/30/21. A VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY 800000613 928836NC5 2020-01-16 118087855 REFUND SERIES 2013, 2015B AND CONST. 0 0 0 A 1055000 118331276 777214 60037755 27241130 30275177 1 0 0 1 A 0 0 0 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 HF COMMERCIAL LAND HOLDINGS LLC TRUSTEE HOSSEINI, PRINCIPAL 312101 LEASE SPACE 0 INTERVEST CONSTRUCTION INDUSTRIES LLC TRUSTEE HOSSEINI, PRINCIPAL 429245 LEASE SPACE 0 X 1 STATED FACE VALUE X 804 STATED FACE VALUE X 13 199130 PUBLIC EXCHANGE X 1 125 STATED FACE VALUE X EQUIPMENT 3 95938 STATED FACE VALUE X GIFT CERT/RP 40 18923 STATED FACE VALUE 0 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE SENIOR VICE PRESIDENT/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 12C ERAU'S INTERNAL AUDIT, RISK AND COMPLIANCE DEPARTMENT ANNUALLY ISSUES AND RECEIVES CONFLICT OF INTEREST DISCLOSURE FORMS FROM ERAU EMPLOYEES AND THE BOARD OF TRUSTEES. ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED, EVALUATED AND MONITORED BY ERAU'S VICE PRESIDENT AND GENERAL COUNSEL. CONFLICTS INVOLVING ERAU 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 15 FOR THE PRESIDENT AND OTHER KEY EMPLOYEES (ERAU'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 IS REQUIRED TO APPROVE ANY 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 19 ERAU 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 ERAU'S WEBSITE. FORM 990, PART IX, LINE 24E POSTAGE & SHIPPING: PROGRAM SERVICE EXPENSES 555,076. MANAGEMENT AND GENERAL EXPENSES 220,215. FUNDRAISING EXPENSES 15,652. TOTAL EXPENSES 790,943. LOSS ON DISPOSALS: PROGRAM SERVICE EXPENSES 456,130. MANAGEMENT AND GENERAL EXPENSES 35,730. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 491,860. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -8,405. EMBRY-RIDDLE BRASIL PARTICIPACOES LTDA RUA ELVIRA FERRAZ 260 CJ616 SAO PAULO BR 04552-040 981380920 HIGHER ED BR 795047 1173711 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBRY-RIDDLE DEUTSCHLAND GMBH HOLM BESSIE-COLEMAN-STR 7 FRANKFURT GM 60549 981424758 HIGHER ED GM 283079 380414 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBRY-RIDDLE AERONAUTICAL UNIV ASIA LTD 75 BUKIT TIMAH RD 02-01 BOON SIE SINGAPORE SN 229833 980681431 HIGHER ED SN 501(C)(3) LINE 2 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC 1 EAGLE FLYING CLUB OF ERAU 1 AEROSPACE BOULEVARD DAYTONA BEACH FL 32114 593530394 AIRCRAFT RENTAL FL 501(C)(4) EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 CASH TRANSFER EMBRY-RIDDLE DEUTSCHLAND GMBH P 393644 CASH TRANSFER EMBRY-RIDDLE AERONAUTICAL UNIV ASIA LTD S 999986 CASH TRANSFER CASH TRANSFER