2020-07-10T09:59:12-05:00 2019-06-30 KPMG LLP 8350 Broad Street Suite 900 McLean VA 22102 990 2018-07-01 590936101 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC % JARE ALLOCCO ALLEN EMBR 3862266000 1 Aerospace Blvd DAYTONA BEACH FL 32114 RANDALL B HOWARD PHD Senior VP and CFO 2020-07-09 true Raymond LY P01205643 7032868000 2020-07-09 199.206.0.5 54028020201925000000 2020-07-10 P FC1242D0EC2D3B2AC8280BF1A124E85FEFEE16D6 EB2737A96B8F377BD085BED9F3BA68158C374A96 2018 2021-01-29 14:40:06Z X RANDALL B HOWARD PHD 1 Aerospace Blvd DAYTONA BEACH FL 32114 584627573 false X www.erau.edu X 1960 FL Embry-Riddle Aeronautical University,Inc. (ERAU) is a private co-educational institution of higher learning. ERAU has long been the established leader (continued on Sch. O) 17 16 7075 0 30420 15535121 36906226 492044601 492206021 4749637 6886659 434997 556045 512764356 536554951 101908411 104620639 0 0 228415117 237333152 0 0 2552297 126483581 125602989 456807109 467556780 55957247 68998171 828294172 886582465 310722096 298928188 517572076 587654277 X ERAU 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. false false 363791997 104620639 492230570 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. 363791997 true true false true false false false true false true true false false false true true false true true true true false false false true false false true true true true false false false false false false false false false true true false false false true true true true true false true X 483 0 true 7075 true true true true BR GM SN false false false true true false false false false false false X 17 16 false false false false false false false true true false false true true true true true true true true false AZ FL X X JARE ALLOCCO ALLEN 3863238078 1 AEROSPACE BOULEVARD DAYTONA BEACH FL 32114 X MORTEZA Hosseini Board Member - Chair 5.0 0.0 X 0 0 0 James Henderson Board Member - Vice Chair 5.0 0.0 X 0 0 0 Joseph Martin Board Member - Treasurer 3.0 0.0 X 0 0 0 Zane Rowe Board Member - Secretary 3.0 0.0 X 0 0 0 John Amore Board Member 2.0 0.0 X 0 0 0 Kenneth Dufour Board Member 2.0 0.0 X 0 0 0 Charles Duva Board Member 2.0 0.0 X 0 0 0 Ronald Keys Board Member 2.0 0.0 X 0 0 0 Jon Slangerup Board Member 2.0 0.0 X 0 0 0 David O'Maley Board Member 2.0 0.0 X 0 0 0 Glenn S Ritchey Board Member 2.0 0.0 X 0 0 0 David Robertson Board Member 2.0 0.0 X 0 0 0 Jean G Rosanvallon Board Member 2.0 0.0 X 0 0 0 Sally Mason Board Member 2.0 0.0 X 0 0 0 Nicole Stott Board Member 2.0 0.0 X 0 0 0 Janet Kavandi Board Member 2.0 0.0 X 0 0 0 Neal Keating Board Member 2.0 0.0 X 0 0 0 Steven Nordlund Board Member 2.0 0.0 X 0 0 0 P Barry Butler President 50.0 0.0 X 742765 0 40835 Randall Howard SVP, CFO 50.0 0.0 X 451588 0 40835 John Watret Chancellor, Worldwide Campus 45.0 0.0 X 397048 0 41663 Francis Ayers Chancellor, Prescott Campus 45.0 0.0 X 380994 0 26356 Rodney Cruise SVP Administration 45.0 0.0 X 337769 0 33024 Maj Dean Mirmirani SVP, Academic Affairs/Research 45.0 0.0 X 257061 0 25197 Charlie Sevastos VP and General Counsel 45.0 0.0 X 236061 0 29141 Lon Moeller SVP, ACADEMIC AFFAIRS PROVOST 45.0 0.0 X 266824 0 33552 Marc Archambault SVP Philanthropy Alumni Engage 40.0 0.0 X 222771 0 32269 Anne Broderick Botteri VP Marketing Communications 40.0 0.0 X 216498 0 26848 Rebecca Vasquez Vice President, CIO 40.0 0.0 X 210695 0 20136 Brandon Young Vice President, CHRO 40.0 0.0 X 206496 0 34754 Steven Ridder Head Basketball Coach (DB) 40.0 0.0 X 441441 0 41663 Scott Shappell Department Chair 40.0 0.0 X 228635 0 37723 Anastasios Lyrintzis Department Chair 40.0 0.0 X 223856 0 36379 Susan Ganter Allen Distinguished Professor 40.0 0.0 X 223345 0 30899 Christina Frederick Professor 40.0 0.0 X 215071 0 31004 5258918 0 562278 283 false true false Barton Marlow Company 5337 Millenia Lakes Dr Ste 235 ORLANDO FL 32839 Construction Svcs 21313437 Sundt Construction Inc 2620 S 55th St TEMPE AZ 85282 Construction Svcs 15888877 Perry McCall Construction Inc 6262 Greenland Rd JACKSONVILLE FL 32258 Construction Svcs 11841194 Sodexo Inc and Affiliates 600 S Clyde Morris Blvd DAYTONA BEACH FL 32114 Dining Services 3123659 Coleman Goodemote Construction Inc 619 N Beach St DAYTONA BEACH FL 32114 Construction Svcs 2573514 116 105004 17526142 19275080 8558199 36906226 HIGHER EDUCATION 611310 492206021 492187681 18340 492206021 6730888 6730888 275217 275217 0 471725 12080 471725 12080 483805 12080 471725 47103848 373756 44248945 3348105 2854903 -2974349 -119446 -119446 90251 105004 42560 47691 47691 0 0 0 457561 433012 24549 24549 0 536554951 492212230 30420 7406075 25000 25000 104595639 104595639 0 0 4864808 4864808 0 178136569 134310664 42158818 1667087 13571163 9960318 3487216 123629 27517674 20196116 7070880 250678 13242938 9719423 3402876 120639 0 348354 348354 234545 234545 390252 390252 0 750482 750482 13728941 8061959 5592200 74782 1476289 929849 540708 5732 9872283 4933150 4910111 29022 3423841 1768392 1643643 11806 0 12129683 6350155 5779528 8287803 6124318 1998382 165103 0 2458899 1866657 557993 34249 6638638 6222430 416208 0 35335700 31119548 4216152 4234475 1591072 2643403 EQUIPMENT RENTAL 17886636 9485148 8401488 FUEL AND OIL 3864565 3698229 166336 POSTAGE, SHIPPING & PRINTING 3049664 1447763 1538144 63757 MISCELLANEOUS 1491939 995915 490211 5813 467556780 363791997 101212486 2552297 90539089 12938825 75907242 171944133 1781425 6098797 10332691 13259440 0 0 0 0 12016755 10722551 3334604 3562677 3390417 7281032 871146535 374009779 465740177 497136756 147879760 145628573 13974137 15766409 0 0 0 0 3397875 2243272 828294172 886582465 47167078 35877669 0 0 15880770 22201433 213622515 207375313 0 0 0 0 17407486 13379062 0 0 16644247 20094711 310722096 298928188 X 461404306 516393914 28371762 31001000 27796008 40259363 517572076 587654277 828294172 886582465 X 68998171 1094516 -10486 X false true X true true true X 11471210 9612360 15825404 15535121 36906226 89350321 0 0 11471210 9612360 15825404 15535121 36906226 89350321 6699973 82650348 2677845 2247196 3708537 5352837 7477830 21464245 0 0 0 0 0 0 0 110814566 2273806286 0.74584 0.67500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 390252 false false 390252 false 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 ACTIVITY FOCUSES 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. 1931743 X X false false 134498000 22481000 5780000 1354000 161405000 124599000 1033000 10200000 1334000 134498000 107307000 3163000 15260000 1131000 124599000 93183000 16787000 -133000 2530000 107307000 87614000 2693000 3796000 920000 93183000 0.63100 0.24900 0.12000 false false 9503059 9503059 542802803 185705547 357097256 217256730 141550817 75705913 101583943 46753415 54830528 497136756 0 ADVANCES, STUDENT LOANS/FIN AID 9850733 STUDENT DEPOSITS/ADV PAYMENTS 10151014 ANNUITIES PAYABLE 92964 20094711 X 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. 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 2019 AND 2018, AND THERE ARE NO UNCERTAIN TAX POSITIONS CONSIDERED TO BE MATERIAL. true true true true true true true false false false false false false false false true false true SCHEDULE E, PART I, LINE 3 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. East Asia and the Pacific 1 14 Program Services Higher Education 3504212 Europe (Including Iceland and Greenland) 1 6 Program Services Higher Education 302681 South America 1 5 Program Services Higher Education 56000 Central America and the Caribbean 0 0 Investments 7907376 3 25 3 25 11770269 11770269 true false false true true false BLUE GOLD GALA 168625 96004 72621 662 32567 GOLF TOURNEY 26630 9000 17630 6612 72 2647 0 0 0 0 195255 105004 90251 6612 734 35214 42560 47691 true Museum Of Flight 9404 east Marginal way S Seattle WA 98108 910785826 501(c)(3) 15000 Gold Pathfinder level sponsorship Team Volusia Economic Development Corporation One Daytona Blvd Suite 240 Daytona Beach FL 32114 273203032 501(c)(6) 10000 Director level sponsorship 1 1 Student Financial Aid 16885 104595639 FMV Financial Assistance SCHEDULE I, PART I, LINE 2 FINANCIAL AID FUNDS ARE AWARDED AND MONITORED BY ERAU'S FINANCIAL AID OFFICES. RESEARCH AWARDS ARE MONITORED BY ERAU'S OFFICE OF SPONSORED RESEARCH. X X X X true true X X X X false false false false false false false true false P Barry Butler President 522044 0 100130 0 120591 0 26125 0 14710 0 783600 0 0 0 Randall Howard SVP, CFO 400258 0 50130 0 1200 0 26125 0 14710 0 492423 0 0 0 John Watret Chancellor, Worldwide Campus 355718 0 40130 0 1200 0 26125 0 15538 0 438711 0 0 0 Francis Ayers Chancellor, Prescott Campus 334264 0 40130 0 6600 0 26125 0 231 0 407350 0 0 0 Rodney Cruise SVP Administration 286439 0 50130 0 1200 0 26125 0 6899 0 370793 0 0 0 Maj Dean Mirmirani SVP, Academic Affairs/Research 255731 0 130 0 1200 0 24307 0 890 0 282258 0 0 0 Charlie Sevastos VP and General Counsel 224731 0 10130 0 1200 0 22640 0 6501 0 265202 0 0 0 Lon Moeller SVP, ACADEMIC AFFAIRS PROVOST 240863 0 130 0 25831 0 23194 0 10358 0 300376 0 0 0 Marc Archambault SVP Philanthropy Alumni Engage 221303 0 130 0 1338 0 21597 0 10672 0 255040 0 0 0 Anne Broderick Botteri VP Marketing Communications 205953 0 130 0 10415 0 19949 0 6899 0 243346 0 0 0 Rebecca Vasquez Vice President, CIO 207365 0 2130 0 1200 0 19890 0 246 0 230831 0 0 0 Brandon Young Vice President, CHRO 203166 0 2130 0 1200 0 20044 0 14710 0 241250 0 0 0 Steven Ridder Head Basketball Coach (DB) 410785 0 130 0 30526 0 26125 0 15538 0 483104 0 0 0 Scott Shappell Department Chair 228505 0 130 0 0 0 22185 0 15538 0 266358 0 0 0 Anastasios Lyrintzis Department Chair 223126 0 130 0 600 0 21560 0 14819 0 260235 0 0 0 Susan Ganter Allen Distinguished Professor 221215 0 2130 0 0 0 21694 0 9205 0 254244 0 0 0 Christina Frederick Professor 214941 0 130 0 0 0 20809 0 10195 0 246075 0 0 0 SCHEDULE J PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL HAS BEEN APPROVED FOR THE PRESIDENT AND HIS SPOUSE 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-CLASS, BASED ON CERTAIN CONDITIONS, AS PER ERAU'S TRAVEL POLICY. PREAPPROVAL OF FIRST-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 ERAU'S PREMISES, 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 SMALL HOLIDAY BONUS ($130) IN THE SAME AMOUNT THAT ALL ERAU EMPLOYEES RECEIVE. A VOLUSIA COUNTY EDUCATIONAL FACILITIES 800000613 000000000 2013-11-08 25820000 REFUND SERIES 2003 false false false B VOLUSIA COUNTY EDUCATIONAL FACILITIES 800000613 000000000 2015-02-12 50740000 PARTIALLY REFUND SERIES 2005 false false false C VOLUSIA COUNTY EDUCATIONAL FACILITIES 800000613 928836KYO 2015-03-23 76273696 CONSTRUCTION AND CAPITAL IMPROVEME false false false D VOLUSIA COUNTY EDUCATIONAL FACILITIES 800000613 000000000 2015-07-17 26535000 Partially Refund Series 2005 false false false A 7631000 0 25820000 0 0 0 181750 0 0 0 25638250 0 true false true true B 9945000 0 50740000 0 0 0 324722 0 0 0 50415278 0 false true true true C 975000 0 76299686 0 0 0 773696 0 0 75525928 62 0 2018 false false true true D 5210000 0 26535000 0 0 0 105499 0 0 0 26429501 0 true false true true A false false false true false 0 false false false true B false false true false true false 0.00000 0.00000 false false false true C false false false false 0 false false false true D false false true false false 0.01860 0.01860 false false false true A false true false false 0 false 0 false true B false true false false 0 false 0 false true C false true false false 0 false 0 false true D false true false false 0 false 0 false true A true B true C true D true SCHEDULE K, PART I, ROW A, COLUMN F 11/08/2013 25,820,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - SERIES 2013 - REFUNDING - SERIES 2003 ISSUE DATED 8/21/2003. SCHEDULE K, PART I, ROW B, 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 C, COLUMN F 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - SERIES 2015B - NEW MONEY/CONSTRUCTION. SCHEDULE K, PART I, ROW D, COLUMN F 07/01/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - SERIES 2015C - REFUNDING - PARTIAL REFUNDING SERIES 2005 ISSUE DATED 8/18/2005. SCHEDULE K, PART II, LINE 11, COLUMN A 11/08/2013 25,820,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. SCHEDULE K, PART II, LINE 11, COLUMN B 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 C 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 D 07/01/2015 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 11/08/2013 25,820,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - REBATE COMPUTATIONS COMPLETED 6/30/19. SCHEDULE K, PART IV, LINE 2C, COLUMN B 02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - REBATE COMPUTATIONS COMPLETED 6/30/19. SCHEDULE K, PART IV, LINE 2C, COLUMN C 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - REBATE COMPUTATIONS COMPLETED 6/30/19. SCHEDULE K, PART IV, LINE 2C, COLUMN D 07/01/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - REBATE COMPUTATIONS COMPLETED 6/30/19. SCHEDULE K, PART I ADDITIONAL PAGES, ROW A, 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 ADDITIONAL PAGES, LINE 12, COLUMN A 08/17/2017 54,335,668 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 2C, COLUMN A 08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - REBATE COMPUTATIONS COMPLETED 6/30/19. A VOLUSIA COUNTY EDUCAIONAL FACILITIES AUTHORITY 800000613 928836MP7 2017-08-17 54335668 REFUND SERIES 2011 AND CONSTRUCTIO false false false A 0 0 55311131 0 0 11068317 462990 0 0 42038975 0 1740849 2019 false true false true A false false false true 0.00110 0.00110 false false false true A false true false false 0 false 0 false true A true HF Commercial Investments LLP M. Hosseini, Principal 318225 Lease office space false Intervest Construction Industries M. Hosseini, Principal 437302 Lease office space false X 5 7157945 Public exchange X 1 1326000 Indpdnt appraisal X EQUIPMENT 3 65045 Stated face value X Gift Certs/real property 52 9209 Stated face value false true false 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 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 in the President's compensation, the Board Chair obtains input from the Vice President and Chief Human Resources Officer and other sources such as The Chronicle of Higher Education 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 I, LINE 1 (continued from page 1) 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. Form 990, Part XI, Line 9 Change in value of split interest agreements 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 ISSUES AND RECEIVES ANNUALLY 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 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. EMBRY-RIDDLE BRASIL PARTICIPACOES LTD RUA ELVIRA FERRAZ 260 CJ616 SAO PAULO BR 04552-040 981380920 HIGHER ED BR 741797 861551 ERAU Embry-Riddle Deutschland GMBH Kurfuerstenstrasse 56 Berlin GM 10785 981424758 HIGHER ED GM 226497 264229 ERAU Embry-Riddle Aeronautical Univ ASIA LTD 75 BUKIT TIMAH RD 020102 BOON SIEW SN 980681431 HIGHER ED SN 501(C)(3) 2 NA true Eagle Flying Club of ERAU 1 Aerospace Blvd Daytona Beach FL 32114 593530394 Aircraft rent FL 501(C)(4) NA true false true false false false false false false false false false false false false false true false false true EMBRY-RIDDLE DEUTSCHLAND GMBH P 306002 CASH TRANSFER EMBRY-RIDDLE AERONAUTICAL UNIV ASIA LTD S 300000 CASH TRANSFER EAGLE FLYING CLUB OF ERAU B 45000 CASH TRANSFER