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EMBRY-RIDDLE AERONAUTICAL: Form 990, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
EMBRY-RIDDLE AERONAUTICAL (EIN 59-0936101)
Tax period
2024-07-01 to 2025-06-30
Filed
2026-05-13
IRS object ID
202621339349304742
Schema version
2024v5.1
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)
Return2026-05-13T13:59:27+00:00ReturnTs
Tax Period End2025-06-30TaxPeriodEndDt

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 Begin2024-07-01TaxPeriodBeginDt

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
Signature2026-05-13SignatureDt
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
Preparation2026-05-11PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

Principal Ofcr Business Name PrincipalOfcrBusinessName

FieldValueIRS element (for citing)
Business Name Line1RANDALL B HOWARD PHDBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11 AEROSPACE BLVDAddressLine1Txt
CityDAYTONA BEACHCityNm
State AbbreviationFLStateAbbreviationCd
ZIP32114ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,341,897,059GrossReceiptsAmt
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 Body20VotingMembersGoverningBodyCnt
Voting Members Independent19VotingMembersIndependentCnt
Total Employee8320TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$963,942TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$240,569NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$70,134,311PYContributionsGrantsAmt
CY Contributions Grants$61,585,783CYContributionsGrantsAmt
PY Program Service Revenue$697,091,505PYProgramServiceRevenueAmt
CY Program Service Revenue$755,060,968CYProgramServiceRevenueAmt
PY Investment Income$42,342,867PYInvestmentIncomeAmt
CY Investment Income$45,545,332CYInvestmentIncomeAmt
PY Other Revenue$621,529PYOtherRevenueAmt
CY Other Revenue$2,028,366CYOtherRevenueAmt
PY Total Revenue$810,190,212PYTotalRevenueAmt
CY Total Revenue$864,220,449CYTotalRevenueAmt
PY Grants And Similar Paid$174,459,638PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$182,333,454CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$311,080,494PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$338,677,832CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$6,985,001CYTotalFundraisingExpenseAmt
PY Other Expenses$183,553,091PYOtherExpensesAmt
CY Other Expenses$195,109,552CYOtherExpensesAmt
PY Total Expenses$669,093,223PYTotalExpensesAmt
CY Total Expenses$716,120,838CYTotalExpensesAmt
PY Revenues Less Expenses$141,096,989PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$148,099,611CYRevenuesLessExpensesAmt
Total Assets BOY$1,592,608,509TotalAssetsBOYAmt
Total Assets EOY$1,713,455,467TotalAssetsEOYAmt
Total Liabilities BOY$427,305,479TotalLiabilitiesBOYAmt
Total Liabilities EOY$377,517,249TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,165,303,030NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$1,335,938,218NetAssetsOrFundBalancesEOYAmt
MissionSEE SCHEDULE OMissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$621,207,171ExpenseAmt
Grant$182,333,454GrantAmt
Revenue$755,078,486RevenueAmt
DescEMBRY-RIDDLE AERONAUTICAL UNIVERSITY IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION FOUNDED IN 1926, SPECIALIZING IN AVIATION, AEROSPACE, AND RELATED STEM FIELDS. THE UNIVERSITY OFFERS DEGREE PROGRAMS IN DISCIPLINES INCLUDING APPLIED SCIENCE, AVIATION, BUSINESS, COMPUTING 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 DOCTORAL LEVELS.Desc
Total Program Service Expenses$621,207,171TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesYes (true)LobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
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 BondsfalseInvestTaxExemptBondsInd
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 Document35671IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee8320EmployeeCnt
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 Members20GoverningBodyVotingMembersCnt
Independent Voting Member19IndependentVotingMemberCnt
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
Policies Reference ChaptersfalsePoliciesReferenceChaptersInd
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
Written Policy Or ProcedurefalseWrittenPolicyOrProcedureInd
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 (41 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
JACQUELINE VAN OVOST
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$1,000,497$0$47,941Yes (X)
RANDALL B HOWARD
SVP & CFO50.03.0$665,973$0$48,007Yes (X)
ALAN STOLZER
DEAN, COLLEGE OF AVIATION40.00$270,589$0$38,710Yes (X)
BRANDON YOUNG
VICE PRESIDENT & CHRO40.00$287,098$0$59,894Yes (X)
CHARLES SEVASTOS
VICE PRESIDENT & GENERAL COUNSEL40.03.0$314,194$0$40,339Yes (X)
JAMES GREGORY
DEAN, COLLEGE OF ENGINEERING40.00$394,590$0$51,281Yes (X)
JASON RUCKERT
SVP, ENROLLMENT MGMT, MKTG, & STUDENT AFFAIRS40.00$338,340$0$48,455Yes (X)
JEREMY ERNST
VP, RESEARCH & DOCTORAL PROGRAMS40.00$248,421$0$39,546Yes (X)
JOHN WATRET
CHANCELLOR, WORLDWIDE CAMPUS40.05.0$539,770$0$46,230Yes (X)
KELLY AUSTIN
SVP, ACADEMIC AFFAIRS & PROVOST40.00$413,429$0$75,133Yes (X)
KELLY DOWLING
SVP, PHILANTHROPY & ALUMNI ENGAGEMENT40.00$337,441$0$41,817Yes (X)
KENNETH WITCHER
CHANCELLOR, PRESCOTT CAMPUS40.00$268,336$0$123,343Yes (X)
MARIE ANETTE KARLSSON TERM 7312024
CHANCELLOR, PRESCOTT CAMPUS40.00$265,457$0$15,648Yes (X)
REBECCA VASQUEZ
VICE PRESIDENT & CIO40.00$286,626$0$44,768Yes (X)
RODNEY CRUISE
SVP & COO40.00$491,359$0$52,828Yes (X)
ANASTASIOS LYRINTZIS
DISTINGUISHED PROFESSOR40.00$291,654$0$38,652Yes (X)
BARBARA HOLDER
ASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES40.00$294,980$0$29,952Yes (X)
MASSOOD TOWHIDNEJAD
PROFESSOR & ASSOC CHAIR40.00$283,394$0$40,385Yes (X)
RICCARDO BEVILACQUA
INTERIM VICE PROVOST & PROFESSOR40.00$298,595$0$47,022Yes (X)
STEVEN RIDDER
HEAD BASKETBALL COACH DB40.00$535,104$0$46,275Yes (X)
FRANCES AYERS
FORMER CHANCELLOR, PRESCOTT CAMPUS40.00$161,467$0$16,734Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$7,987,314TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$992,960TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K488IndivRcvdGreaterThan100KCnt
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$31,451,056
BARTON MALOW BUILDERS LLC
340 N PRIMROSE DRORLANDOFL32803CONSTRUCTION SERVICES$29,137,123
PERRY-MCCALL CONSTRUCTION INC
6104 S GAZEBO PARK PLACEJACKSONVILLEFL32257CONSTRUCTION SERVICES$16,424,717
B TEAM CONSTRUCTION INC
5861 S KYRENE RDTEMPEAZ85283CONSTRUCTION SERVICES$12,192,993STE 12
HES INTERMEDIATE HOLDINGS LLC
9202 S NORTHSHORE DRKNOXVILLETN37922CLEANING SERVICES$4,916,787STE 202
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K200CntrctRcvdGreaterThan100KCnt
Fundraising$126,466FundraisingAmt
Government Grants$48,355,725GovernmentGrantsAmt
All Other Contributions$13,103,592AllOtherContributionsAmt
Noncash Contributions$2,085,415NoncashContributionsAmt
Total Contributions$61,585,783TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp

FieldValueIRS element (for citing)
DescHIGHER EDUCATIONDesc
Business611310BusinessCd
Total Revenue Column$755,060,968TotalRevenueColumnAmt
Related Or Exempt Func Income$754,225,042RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$835,926UnrelatedBusinessRevenueAmt

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$755,060,968TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$33,627,159TotalRevenueColumnAmt
Unrelated Business Revenue$128,016UnrelatedBusinessRevenueAmt
Exclusion$33,499,143ExclusionAmt

Gross Rents GrossRentsGrp

FieldValueIRS element (for citing)
Real$1,968,177RealAmt

Rental Income Or Loss RentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Real$1,968,177RealAmt
Personal$0PersonalAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,968,177TotalRevenueColumnAmt
Exclusion$1,968,177ExclusionAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$487,070,530SecuritiesAmt
Other$1,559,720OtherAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$476,712,077SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$10,358,453SecuritiesAmt
Other$1,559,720OtherAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$11,918,173TotalRevenueColumnAmt
Exclusion$11,918,173ExclusionAmt
FieldValueIRS element (for citing)
Fundraising Gross Income$162,983FundraisingGrossIncomeAmt
Contri Rpt Fundraising Event$126,466ContriRptFundraisingEventAmt
Fundraising Direct Expenses$120,312FundraisingDirectExpensesAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$42,671TotalRevenueColumnAmt
Exclusion$42,671ExclusionAmt
FieldValueIRS element (for citing)
Gross Sales Of Inventory$861,739GrossSalesOfInventoryAmt
Cost Of Goods Sold$844,221CostOfGoodsSoldAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$17,518TotalRevenueColumnAmt
Related Or Exempt Func Income$17,518RelatedOrExemptFuncIncomeAmt

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$864,220,449TotalRevenueColumnAmt
Related Or Exempt Func Income$754,242,560RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$963,942UnrelatedBusinessRevenueAmt
Exclusion$47,428,164ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$132,000TotalAmt
Program Services$132,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$182,186,154TotalAmt
Program Services$182,186,154ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$15,300TotalAmt
Program Services$15,300ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$7,091,778TotalAmt
Program Services$704,919ProgramServicesAmt
Management And General$5,350,281ManagementAndGeneralAmt
Fundraising$1,036,578FundraisingAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$251,810,621TotalAmt
Program Services$212,879,730ProgramServicesAmt
Management And General$35,134,828ManagementAndGeneralAmt
Fundraising$3,796,063FundraisingAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$20,332,512TotalAmt
Program Services$17,219,550ProgramServicesAmt
Management And General$2,854,220ManagementAndGeneralAmt
Fundraising$258,742FundraisingAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$41,895,188TotalAmt
Program Services$35,475,236ProgramServicesAmt
Management And General$5,884,721ManagementAndGeneralAmt
Fundraising$535,231FundraisingAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$17,547,733TotalAmt
Program Services$14,679,856ProgramServicesAmt
Management And General$2,610,760ManagementAndGeneralAmt
Fundraising$257,117FundraisingAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$743,595TotalAmt
Management And General$743,595ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$509,666TotalAmt
Management And General$509,666ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$253,680TotalAmt
Management And General$253,680ManagementAndGeneralAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$3,349,800TotalAmt
Management And General$3,349,800ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$26,632,551TotalAmt
Program Services$19,593,280ProgramServicesAmt
Management And General$6,864,354ManagementAndGeneralAmt
Fundraising$174,917FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,488,838TotalAmt
Program Services$3,321,989ProgramServicesAmt
Management And General$161,056ManagementAndGeneralAmt
Fundraising$5,793FundraisingAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$11,993,541TotalAmt
Program Services$8,894,218ProgramServicesAmt
Management And General$3,064,004ManagementAndGeneralAmt
Fundraising$35,319FundraisingAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$19,856,310TotalAmt
Program Services$16,599,679ProgramServicesAmt
Management And General$3,071,956ManagementAndGeneralAmt
Fundraising$184,675FundraisingAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$16,079,291TotalAmt
Program Services$13,171,033ProgramServicesAmt
Management And General$2,908,258ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$10,737,486TotalAmt
Program Services$9,136,064ProgramServicesAmt
Management And General$1,269,176ManagementAndGeneralAmt
Fundraising$332,246FundraisingAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$6,523,687TotalAmt
Program Services$5,292,272ProgramServicesAmt
Management And General$1,066,235ManagementAndGeneralAmt
Fundraising$165,180FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$9,120,356TotalAmt
Program Services$7,898,881ProgramServicesAmt
Management And General$1,221,475ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$46,176,531TotalAmt
Program Services$42,480,754ProgramServicesAmt
Management And General$3,587,133ManagementAndGeneralAmt
Fundraising$108,644FundraisingAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$10,113,734TotalAmt
Program Services$4,793,655ProgramServicesAmt
Management And General$5,317,138ManagementAndGeneralAmt
Fundraising$2,941FundraisingAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmtFundraisingFundraisingAmt
EQUIP. RENTAL & MAINT.$16,227,384$15,113,613$1,113,611$160
FUEL & OIL$7,167,948$6,930,283$237,665
PRINTING & PUBLICATIONS$2,508,802$2,160,605$299,106$49,091
MISCELLANEOUS$2,227,642$1,485,644$725,542$16,456

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$1,398,710TotalAmt
Program Services$1,042,456ProgramServicesAmt
Management And General$330,406ManagementAndGeneralAmt
Fundraising$25,848FundraisingAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$716,120,838TotalAmt
Program Services$621,207,171ProgramServicesAmt
Management And General$87,928,666ManagementAndGeneralAmt
Fundraising$6,985,001FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

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

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$508,692,866BOYAmt
EOY$519,587,168EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$6,023,144BOYAmt
EOY$7,637,437EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$28,232,049BOYAmt
EOY$22,326,998EOYAmt

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$2,829,057BOYAmt
EOY$2,167,040EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
BOY$6,270,603BOYAmt
EOY$6,100,536EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$11,453,455BOYAmt
EOY$14,137,983EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$1,295,734,321LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$562,400,290LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$668,904,606BOYAmt
EOY$733,334,031EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$250,655,147BOYAmt
EOY$289,669,068EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$66,111,798BOYAmt
EOY$74,960,415EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$35,935,784BOYAmt
EOY$36,034,791EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,592,608,509BOYAmt
EOY$1,713,455,467EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$59,363,924BOYAmt
EOY$59,268,758EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$30,074,203BOYAmt
EOY$32,599,085EOYAmt

Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$234,633,221BOYAmt
EOY$187,449,047EOYAmt

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$49,879,512BOYAmt
EOY$43,502,625EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$53,354,619BOYAmt
EOY$54,697,734EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$427,305,479BOYAmt
EOY$377,517,249EOYAmt

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,027,409,306BOYAmt
EOY$1,191,563,342EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$137,893,724BOYAmt
EOY$144,374,876EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,165,303,030BOYAmt
EOY$1,335,938,218EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,592,608,509BOYAmt
EOY$1,713,455,467EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$148,099,611ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$22,533,531NetUnrlzdGainsLossesInvstAmt
Other Changes In Net Assets$2,046OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd
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$51,434,504CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$93,202,342CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$44,056,071CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$69,906,662CurrentTaxYearMinus1YearAmt
Current Tax Year$61,435,784CurrentTaxYearAmt
Total$320,035,363TotalAmt

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$51,434,504CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$93,202,342CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$44,056,071CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$69,906,662CurrentTaxYearMinus1YearAmt
Current Tax Year$61,435,784CurrentTaxYearAmt
Total$320,035,363TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$16,750,522SubstantialContributorsTotAmt
Public Support Total170$303,284,841PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$6,212,250CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$12,543,934CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$20,617,989CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$30,406,927CurrentTaxYearMinus1YearAmt
Current Tax Year$35,353,767CurrentTaxYearAmt
Total$105,134,867TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$839CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$4,113CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$297,938CurrentTaxYearMinus1YearAmt
Current Tax Year$241,569CurrentTaxYearAmt
Total$544,459TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$168,751CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$572,207CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$790,596CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$915,788CurrentTaxYearMinus1YearAmt
Current Tax Year$1,024,722CurrentTaxYearAmt
Total$3,472,064TotalAmt
FieldValueIRS element (for citing)
Total Support$429,186,753TotalSupportAmt
Gross Receipts Rltd Activities$3,237,978,290GrossReceiptsRltdActivitiesAmt
Public Support CY1700.70665PublicSupportCY170Pct
Public Support PY1700.73399PublicSupportPY170Pct
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 - 57580.0, COLUMN B - 131679.0, COLUMN C - 220395.0, COLUMN D - 156005.0, COLUMN E - 162983.0, COLUMN F - 728642.0; DESCRIPTION - SALES OF INVENTORY, COLUMN A - 111171.0, COLUMN B - 440528.0, COLUMN C - 570201.0, COLUMN D - 759783.0, COLUMN E - 861739.0, COLUMN F - 2743422.0;ExplanationTxt

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

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

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
VolunteersfalseVolunteersInd
Paid Staff Or ManagementfalsePaidStaffOrManagementInd
Media AdvertisementsfalseMediaAdvertisementsInd
Mailings MembersfalseMailingsMembersInd
Publications Or BroadcastfalsePublicationsOrBroadcastInd
Grants Other OrganizationsfalseGrantsOtherOrganizationsInd
Direct Contact LegislatorsYes (true)DirectContactLegislatorsInd
Direct Contact Legislators$253,680DirectContactLegislatorsAmt
Rallies DemonstrationsfalseRalliesDemonstrationsInd
Other ActivitiesfalseOtherActivitiesInd
Total Lobbying Expenditures$253,680TotalLobbyingExpendituresAmt
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 BOTH THE STATE AND FEDERAL LEVELS. AT THE STATE LEVEL, ACTIVITIES INCLUDE ADVOCACY RELATED TO PROGRAMS BENEFITING STUDENTS AT PRIVATE INSTITUTIONS, AS WELL AS OTHER POLICY AND FUNDING MATTERS RELEVANT TO THE UNIVERSITY. AT THE FEDERAL LEVEL, LOBBYING EFFORTS FOCUS ON SUPPORTING RESEARCH ACTIVITIES AND EDUCATIONAL INITIATIVES, INCLUDING ENGAGEMENT WITH THE FEDERAL AVIATION ADMINISTRATION (FAA) ON POLICY MATTERS AFFECTING AVIATION AND AIR TRAFFIC MANAGEMENT PROGRAMS. THESE EFFORTS INCLUDE PROVIDING INFORMATION ON HOW PROPOSED POLICY CHANGES MAY AFFECT COLLEGIATE PROGRAMS.ExplanationTxt

Schedule D IRS990ScheduleD

Art Public Exhibition Amounts ArtPublicExhibitionAmountsGrp

FieldValueIRS element (for citing)
Revenues Included$0RevenuesIncludedAmt
Assets Included$1,929,806AssetsIncludedAmt
FieldValueIRS element (for citing)
Collection Used Pub ExhibitionYes (X)CollectionUsedPubExhibitionInd
Coll Used Scholarly RsrchYes (X)CollUsedScholarlyRsrchInd
Collection Used PreservationYes (X)CollectionUsedPreservationInd
Solicited Assets SalefalseSolicitedAssetsSaleInd

CY Endwmt Fund CYEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$318,184,000BeginningYearBalanceAmt
Contributions$16,378,000ContributionsAmt
Investment Earnings Or Losses$36,222,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,370,000GrantsOrScholarshipsAmt
Other Expenditures$3,093,000OtherExpendituresAmt
End Year Balance$364,321,000EndYearBalanceAmt

CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$281,561,000BeginningYearBalanceAmt
Contributions$11,147,000ContributionsAmt
Investment Earnings Or Losses$31,070,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$2,959,000GrantsOrScholarshipsAmt
Other Expenditures$2,635,000OtherExpendituresAmt
End Year Balance$318,184,000EndYearBalanceAmt

CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$241,076,000BeginningYearBalanceAmt
Contributions$22,443,000ContributionsAmt
Investment Earnings Or Losses$23,431,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$3,136,000GrantsOrScholarshipsAmt
Other Expenditures$2,253,000OtherExpendituresAmt
End Year Balance$281,561,000EndYearBalanceAmt

CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$242,820,000BeginningYearBalanceAmt
Contributions$33,920,000ContributionsAmt
Investment Earnings Or Losses-$32,161,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$1,995,000GrantsOrScholarshipsAmt
Other Expenditures$1,508,000OtherExpendituresAmt
End Year Balance$241,076,000EndYearBalanceAmt

CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp

FieldValueIRS element (for citing)
Beginning Year Balance$172,374,000BeginningYearBalanceAmt
Contributions$20,075,000ContributionsAmt
Investment Earnings Or Losses$56,358,000InvestmentEarningsOrLossesAmt
Grants Or Scholarships$4,156,000GrantsOrScholarshipsAmt
Other Expenditures$1,831,000OtherExpendituresAmt
End Year Balance$242,820,000EndYearBalanceAmt
FieldValueIRS element (for citing)
Board Designated Balance EOY0.656BoardDesignatedBalanceEOYPct
Prmnnt Endowment Balance EOY0.216PrmnntEndowmentBalanceEOYPct
Term Endowment Balance EOY0.128TermEndowmentBalanceEOYPct
Endowments Held Unrelated OrgfalseEndowmentsHeldUnrelatedOrgInd
Endowments Held Related OrgfalseEndowmentsHeldRelatedOrgInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$9,995,952OtherCostOrOtherBasisAmt
Book Value$9,995,952BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$796,562,468OtherCostOrOtherBasisAmt
Depreciation$283,176,838DepreciationAmt
Book Value$513,385,630BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$347,587,499OtherCostOrOtherBasisAmt
Depreciation$211,524,571DepreciationAmt
Book Value$136,062,928BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$141,588,402OtherCostOrOtherBasisAmt
Depreciation$67,698,881DepreciationAmt
Book Value$73,889,521BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$733,334,031TotalBookValueLandBuildingsAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (5 entries)

DescDescAmtAmt
Federal Income Taxes
ROU LEASE LIABILITY$34,684,889
STUDENT DEPOSITS/ADV PAYMENTS$10,957,525
ADVANCES, STUDENT LOANS/FIN AID$8,947,461
ANNUITIES PAYABLE$107,859
FieldValueIRS element (for citing)
Total Liability$54,697,734TotalLiabilityAmt
Footnote TextYes (X)FootnoteTextInd
Other Revenue$0OtherRevenueAmt
Revenue Not Reported$0RevenueNotReportedAmt
Revenue Subtotal$0RevenueSubtotalAmt
Other Revenues Not Included$0OtherRevenuesNotIncludedAmt
Revenue Not Reported Fincl Stmt$0RevenueNotReportedFinclStmtAmt
Total Revenue Per Form990$0TotalRevenuePerForm990Amt
Other Expenses Included$0OtherExpensesIncludedAmt
Expenses Not Reported$0ExpensesNotReportedAmt
Expenses Subtotal$0ExpensesSubtotalAmt
Other Expenses Not Included$0OtherExpensesNotIncludedAmt
Expenses Not Rpt Fincl Stmt$0ExpensesNotRptFinclStmtAmt
Total Expenses Per Form990$0TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule D, Part III, Line 4 Collections of art - description of collectionsCOLLECTIONS INCLUDE ACCIDENT INVESTIGATION CASE FILES, TECHNICAL PAPERS, REPORTS, AND REFERENCE MATERIALS, AND ARE AVAILABLE FOR ACADEMIC AND PUBLIC RESEARCH. THE PUBLIC ART COLLECTION INCLUDES 27 PIECES OF FINE ART, SUCH AS SCULPTURES, STATUES, AND PAINTINGS, AND SUPPORTS THE UNIVERSITY'S EDUCATIONAL AND CULTURAL PROGRAMS.
Schedule D, Part V, Line 4 Intended uses of endowment fundsENDOWMENT FUNDS ARE USED PRIMARILY TO AWARD 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 IS EXEMPT FROM FEDERAL INCOME TAXES, EXCEPT FOR TAXES ON UNRELATED BUSINESS INCOME. NO PROVISION FOR INCOME TAXES ON UNRELATED BUSINESS INCOME WAS REQUIRED FOR FISCAL YEAR 2025, AND NO UNCERTAIN TAX POSITIONS WERE IDENTIFIED AS 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 NONDISCRIMINATORY POLICY: EMBRY-RIDDLE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE AND IN ITS ADMISSIONS APPLICATIONS, WHICH ARE AVAILABLE TO THE GENERAL PUBLIC.
Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENTEMBRY-RIDDLE RECEIVES GRANTS AND OTHER FINANCIAL ASSISTANCE FROM FEDERAL AND STATE AGENCIES TO SUPPORT 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 Pacific156Program ServicesHIGHER EDUCATION$2,662,347
Europe (Including Iceland and Greenland)123Program ServicesHIGHER EDUCATION$827,622
South America15Program ServicesHIGHER EDUCATION$338,501
Central America and the Caribbean00Investments$33,982,714
FieldValueIRS element (for citing)
Subtotal Offices3SubtotalOfficesCnt
Subtotal Employees84SubtotalEmployeesCnt
Continuation Total Office0ContinuationTotalOfficeCnt
Continuation Total Employee0ContinuationTotalEmployeeCnt
Total Office3TotalOfficeCnt
Total Employee84TotalEmployeeCnt
Subtotal Spent$37,811,184SubtotalSpentAmt
Continuation Spent$0ContinuationSpentAmt
Total Spent$37,811,184TotalSpentAmt

Grants To Org Outside US GrantsToOrgOutsideUSGrp

FieldValueIRS element (for citing)
RegionEast Asia and the PacificRegionTxt
Purpose Of GrantGENERAL SUPPORTPurposeOfGrantTxt
Cash Grant$15,300CashGrantAmt
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 WRITTEN AGREEMENTS, REPORTING REQUIREMENTS, SITE VISITS, AND FINANCIAL AUDITS.
Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statementsEAST 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)
Event1BLUE AND GOLD GALAEvent1Nm
Gross Receipts Event1$125,664GrossReceiptsEvent1Amt
Charitable Contri Event1$36,244CharitableContriEvent1Amt
Gross Revenue Event1$89,420GrossRevenueEvent1Amt
Rent Facility Costs Event1$30,545RentFacilityCostsEvent1Amt
Food And Beverage Event1$29,151FoodAndBeverageEvent1Amt
Other Direct Expenses Event1$4,562OtherDirectExpensesEvent1Amt
Event2GOLF TOURNAMENT NO. 1Event2Nm
Gross Receipts Event2$115,560GrossReceiptsEvent2Amt
Charitable Contri Event2$63,678CharitableContriEvent2Amt
Gross Revenue Event2$51,882GrossRevenueEvent2Amt
Food And Beverage Event2$41,613FoodAndBeverageEvent2Amt
Other Direct Expenses Event2$122OtherDirectExpensesEvent2Amt
Other Events Total2OtherEventsTotalCnt
Gross Receipts Other Events$48,225GrossReceiptsOtherEventsAmt
Charitable Contri Other Events$26,544CharitableContriOtherEventsAmt
Gross Revenue Other Events$21,681GrossRevenueOtherEventsAmt
Rent Fclty Costs Other Events$4,500RentFcltyCostsOtherEventsAmt
Food And Beverage Other Events$9,379FoodAndBeverageOtherEventsAmt
Oth Direct Expnss Other Events$440OthDirectExpnssOtherEventsAmt
Gross Receipts Total$289,449GrossReceiptsTotalAmt
Charitable Contributions Tot$126,466CharitableContributionsTotAmt
Gross Revenue Total Events$162,983GrossRevenueTotalEventsAmt
Rent Fclty Costs Total Events$35,045RentFcltyCostsTotalEventsAmt
Food And Beverage Total Events$80,143FoodAndBeverageTotalEventsAmt
Oth Direct Expnss Total Events$5,124OthDirectExpnssTotalEventsAmt
Direct Expense Summary Events$120,312DirectExpenseSummaryEventsAmt
Net Income Summary$42,671NetIncomeSummaryAmt

Schedule I IRS990ScheduleI

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

Recipient Table RecipientTable (6 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxtAddress Line2USAddress/AddressLine2Txt
BROWN RIVERFRONT ESPLANADE FOUNDATION INC
249 N BEACH STREETDAYTONA BEACHFL32114831769296501(C)(3)$10,000SPONSOR COMMUNITY PROJECT
EXPERIMENTAL AIRCRAFT ASSOCIATION INC
3000 POBEREZNY ROADOSHKOSHWI54902390917537501(C)(3)$77,000NATIONAL CONVENTION SPONSORSHIP AND SPONSOR STUDENT MEMBERSHIP
MOTORSPORTS CHARITIES INC
PO BOX 2875DAYTONA BEACHFL32120300337745501(C)(3)$7,500ORGANIZATION SPONSORSHIP
MUSEUM OF ARTS AND SCIENCES INC
352 S NOVA ROADDAYTONA BEACHFL32114591022050501(C)(3)$15,000EXHIBIT SPONSORSHIP
MUSEUM OF FLIGHT FOUNDATION
9404 E MARGINAL WAY SOUTHSEATTLEWA98108910785826501(C)(3)$12,500AWARD EVENT SPONSORSHIP
SELECTFLORIDA INC
201 ALHAMBRA CIRCLECORAL GABLESFL33134931995847501(C)(3)$10,000ORGANIZATION SPONSORSHIPSUITE 610
FieldValueIRS element (for citing)
Total501c3 Org6Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSTUDENT FINANCIAL AIDGrantTypeTxt
Recipient15406RecipientCnt
Cash Grant$182,186,154CashGrantAmt

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 fundsEMBRY-RIDDLE IS NOT A GRANTMAKING ORGANIZATION; ITS TAX-EXEMPT STATUS IS BASED ON ITS EDUCATIONAL MISSION. HOWEVER, CERTAIN PAYMENTS MADE IN THE COURSE OF MISSION-RELATED ACTIVITIES MEET THE DEFINITION OF GRANTS AS DESCRIBED IN THE INSTRUCTIONS TO SCHEDULE I (FORM 990). THESE PAYMENTS FALL INTO TWO CATEGORIES: (1) STUDENT FINANCIAL AID - EMBRY-RIDDLE PROVIDES SCHOLARSHIPS AND GRANTS FUNDED BY THE UNIVERSITY AND BY FEDERAL AND STATE PROGRAMS. AWARDS ARE BASED ON FINANCIAL NEED, ACADEMIC MERIT, OR PARTICIPATION IN INTERCOLLEGIATE ATHLETICS. THE OFFICE OF FINANCIAL AID DETERMINES ELIGIBILITY FOR NEED-BASED AID. (2) CHARITABLE CONTRIBUTIONS - CONTRIBUTIONS ARE MADE IN ACCORDANCE WITH UNIVERSITY POLICIES AND APPLICABLE LAWS AND REGULATIONS AND SUPPORT THE UNIVERSITY'S EDUCATIONAL 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 PaymentYes (true)SeverancePaymentInd
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
RANDALL B HOWARD
SVP & CFO$561,039$0$100,730$0$4,204$0$34,500$0$13,507$0$713,980$0$0$0
PATRICK BARRY BUTLER
PRESIDENT$722,602$0$150,730$0$127,165$0$34,500$0$13,441$0$1,048,438$0$0$0
FRANCES AYERS
FORMER CHANCELLOR, PRESCOTT CAMPUS$160,090$0$730$0$647$0$16,069$0$665$0$178,201$0$0$0
JOHN WATRET
CHANCELLOR, WORLDWIDE CAMPUS$458,710$0$75,730$0$5,330$0$34,500$0$11,730$0$586,000$0$0$0
CHARLES SEVASTOS
VICE PRESIDENT & GENERAL COUNSEL$291,504$0$20,730$0$1,960$0$31,788$0$8,551$0$354,533$0$0$0
RODNEY CRUISE
SVP & COO$408,712$0$80,730$0$1,917$0$34,500$0$18,328$0$544,187$0$0$0
JAMES GREGORY
DEAN, COLLEGE OF ENGINEERING$393,225$0$730$0$635$0$34,500$0$16,781$0$445,871$0$0$0
MARIE ANETTE KARLSSON TERM 7312024
CHANCELLOR, PRESCOTT CAMPUS$174,438$0$0$0$91,019$0$15,301$0$347$0$281,105$0$0$0
KELLY DOWLING
SVP, PHILANTHROPY & ALUMNI ENGAGEMENT$335,225$0$730$0$1,486$0$33,819$0$7,998$0$379,258$0$0$0
JASON RUCKERT
SVP, ENROLLMENT MGMT, MKTG, & STUDENT AFFAIRS$322,105$0$15,730$0$505$0$34,500$0$13,955$0$386,795$0$0$0
BRANDON YOUNG
VICE PRESIDENT & CHRO$277,492$0$4,730$0$4,876$0$28,709$0$31,185$0$346,992$0$0$0
REBECCA VASQUEZ
VICE PRESIDENT & CIO$275,466$0$3,480$0$7,680$0$28,316$0$16,452$0$331,394$0$0$0
ALAN STOLZER
DEAN, COLLEGE OF AVIATION$268,084$0$730$0$1,775$0$27,311$0$11,399$0$309,299$0$0$0
JEREMY ERNST
VP, RESEARCH & DOCTORAL PROGRAMS$242,466$0$5,730$0$225$0$25,676$0$13,870$0$287,967$0$0$0
KELLY AUSTIN
SVP, ACADEMIC AFFAIRS & PROVOST$407,036$0$5,730$0$663$0$34,500$0$40,633$0$488,562$0$0$0
KENNETH WITCHER
CHANCELLOR, PRESCOTT CAMPUS$237,047$0$15,730$0$15,559$0$25,283$0$98,060$0$391,679$0$0$0
STEVEN RIDDER
HEAD BASKETBALL COACH DB$525,392$0$730$0$8,982$0$34,500$0$11,775$0$581,379$0$0$0
BARBARA HOLDER
ASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES$293,200$0$730$0$1,050$0$29,380$0$572$0$324,932$0$0$0
RICCARDO BEVILACQUA
INTERIM VICE PROVOST & PROFESSOR$295,599$0$2,730$0$266$0$30,552$0$16,470$0$345,617$0$0$0
ANASTASIOS LYRINTZIS
DISTINGUISHED PROFESSOR$287,925$0$730$0$2,999$0$27,137$0$11,515$0$330,306$0$0$0
MASSOOD TOWHIDNEJAD
PROFESSOR & ASSOC CHAIR$281,020$0$730$0$1,644$0$28,735$0$11,650$0$323,779$0$0$0

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Schedule J, Part I, Line 1a First-class or charter travelFIRST-CLASS OR CHARTER TRAVEL FOR THE PRESIDENT AND SPOUSE (WHEN TRAVELING FOR A BONA FIDE BUSINESS PURPOSE OF THE UNIVERSITY) IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND PROVIDED FOR IN THE PRESIDENT'S EMPLOYMENT AGREEMENT. CABINET MEMBERS AND OTHER EMPLOYEES MAY TRAVEL FIRST- OR BUSINESS/PREMIUM-CLASS UNDER CONDITIONS SPECIFIED IN THE UNIVERSITY'S TRAVEL POLICY (E.G., TRAVEL INVOLVING FLIGHT SEGMENTS EXCEEDING SIX HOURS, RED-EYE FLIGHTS THAT ELIMINATE THE NEED FOR LODGING, OR CIRCUMSTANCES INVOLVING A DOCUMENTED PHYSICAL DISABILITY OR LIMITATION). SUCH TRAVEL REQUIRES PREAPPROVAL BY EMPLOYEE'S SENIOR LEADERSHIP AND THE SENIOR VICE PRESIDENT AND CFO OR THE PRESIDENT.
Schedule J, Part I, Line 1a Travel for companionsTRAVEL FOR SPOUSE/COMPANION - A SPOUSE OR COMPANION OF CABINET MEMBERS, TRUSTEES, OR OTHER EMPLOYEES MAY TRAVEL TO EVENTS RELATED TO THE UNIVERSITY'S BUSINESS. REIMBURSEMENT IS PROVIDED ONLY WHEN THERE IS A BONA FIDE BUSINESS PURPOSE FOR THE SPOUSE OR COMPANION'S PRESENCE. ALL SUCH TRAVEL REQUIRES PREAPPROVAL BY A SENIOR LEADER IN THE EMPLOYEE'S SUPERVISORY CHAIN AND 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 - A HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT AS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND SET FORTH IN THE PRESIDENT'S EMPLOYMENT AGREEMENT. HOUSING IS ALSO PROVIDED TO A KEY EMPLOYEE ON THE UNIVERSITY'S BUSINESS PREMISES FOR THE CONVENIENCE OF THE UNIVERSITY, 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 APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND SET FORTH IN THE PRESIDENT'S EMPLOYMENT AGREEMENT AND ARE PROVIDED FOR BUSINESS AND FUNDRAISING PURPOSES.
Schedule J, Part I, Line 4a Severance or change-of-control paymentMARIE ANETTE KARLSSON, FORMER CHANCELLOR, RECEIVED A SEVERANCE PAYMENT OF $90,000 DURING CALENDAR YEAR 2024.
Schedule J, Part I, Line 7 Non-fixed paymentsNONFIXED PAYMENTS - CERTAIN INDIVIDUALS LISTED IN FORM 990, PART VII, SECTION A, LINE 1, RECEIVED PERFORMANCE-BASED BONUSES. IN ADDITION, ALL SUCH INDIVIDUALS RECEIVED A HOLIDAY BONUS CONSISTENT WITH THAT PROVIDED TO ALL UNIVERSITY EMPLOYEES.

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$50,740,000(SEE STATEMENT)falsefalsefalse
VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015B)
B800000613928836KYO2015-03-23$76,273,696(SEE STATEMENT)falsefalsefalse
VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015C)
C8000006130000000002015-07-17$26,535,000(SEE STATEMENT)falsefalsefalse
VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2017)
D800000613928836MP72017-08-17$54,335,668(SEE STATEMENT)falsefalsefalse

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 MaintAdequateBooksAndRecMaintIndCapital ExpendituresCapitalExpendituresAmt
A$28,595,000$50,740,000$324,722$50,415,2782015falseYes (true)Yes (true)Yes (true)
B$66,920,000$76,299,686$773,696$622018falsefalseYes (true)Yes (true)$75,525,928
C$20,765,000$26,535,000$105,499$26,429,5012015Yes (true)falseYes (true)Yes (true)
D$795,000$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 ResearchEngageBondCounselResearchIndPrivate Bus Use By OthersPrivateBusUseByOthersPctPrivate Bus Concerning UBIPrivateBusConcerningUBIPctTotal Private Business UseTotalPrivateBusinessUsePctBond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestIndChange In Use Bond Financed PropChangeInUseBondFinancedPropIndChange In Use Bond Financed PropChangeInUseBondFinancedPropPctRemedial Action TakenRemedialActionTakenIndProcs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd
AfalsefalseYes (true)falseYes (true)false000.0falsefalse0falseYes (true)
Bfalsefalsefalsefalsefalsefalse000.0falsefalse0falseYes (true)
CfalsefalseYes (true)falsefalsefalse0.018600.0186falsefalse0falseYes (true)
DfalsefalsefalsefalseYes (true)false000.0falsefalse0falseYes (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 RecHedgeIdentifiedInBksAndRecIndTerm Of HedgeTermOfHedgePctSuperintegrated HedgeSuperintegratedHedgeIndHedge TerminatedHedgeTerminatedIndGross Proceeds Invested In GICGrossProceedsInvestedInGICIndTerm Of GICTermOfGICPctRegulatory Safe Harbor StsfdRegulatorySafeHarborStsfdIndGross Proceeds InvestedGrossProceedsInvestedIndWritten Proc To Monitor ReqsWrittenProcToMonitorReqsInd
AfalsefalsefalseYes (true)falsefalse0falsefalsefalse0falsefalseYes (true)
BfalsefalsefalseYes (true)falsefalse0falsefalsefalse0falsefalseYes (true)
CfalsefalsefalseYes (true)falsefalse0falsefalsefalse0falsefalseYes (true)
DfalsefalsefalseYes (true)falsefalse0falsefalsefalse0falsefalseYes (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 02/12/2025. ANNUAL REBATE COMPUTATION COMPLETED 06/30/2025.
Schedule K, Part IV, Line 2c COLUMN B03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - FIVE YEAR REBATE COMPUTATION COMPLETED 03/23/2025. ANNUAL REBATE COMPUTATION COMPLETED 06/30/2025.
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 06/30/2025.
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 06/30/2025.
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
Purpose(SEE STATEMENT)PurposeDesc
DefeasedfalseDefeasedInd
On Behalf Of IssuerfalseOnBehalfOfIssuerInd
Pool FinancingfalsePoolFinancingInd

Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp

FieldValueIRS element (for citing)
Bond ReferenceABondReferenceCd
Retired$7,520,000RetiredAmt
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 MadeYes (true)FinalAllocationMadeInd
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
Engage Bond Counsel ContractsfalseEngageBondCounselContractsInd
Any Research AgreementsfalseAnyResearchAgreementsInd
Engage Bond Counsel ResearchfalseEngageBondCounselResearchInd
Private Bus Use By Others0PrivateBusUseByOthersPct
Private Bus Concerning UBI0PrivateBusConcerningUBIPct
Total Private Business Use0.0TotalPrivateBusinessUsePct
Bond Iss Meet Prvt Sec Pymt TestfalseBondIssMeetPrvtSecPymtTestInd
Change In Use Bond Financed PropfalseChangeInUseBondFinancedPropInd
Change In Use Bond Financed Prop0ChangeInUseBondFinancedPropPct
Remedial Action TakenfalseRemedialActionTakenInd
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
Term Of Hedge0TermOfHedgePct
Superintegrated HedgefalseSuperintegratedHedgeInd
Hedge TerminatedfalseHedgeTerminatedInd
Gross Proceeds Invested In GICfalseGrossProceedsInvestedInGICInd
Term Of GIC0TermOfGICPct
Regulatory Safe Harbor StsfdfalseRegulatorySafeHarborStsfdInd
Gross Proceeds InvestedfalseGrossProceedsInvestedInd
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$157,376CashGrantAmt
Type Of AssistanceFINANCIAL AID / TUITION WAIVERSTypeOfAssistanceTxt
Assistance PurposeGENERAL SUPPORTAssistancePurposeTxt

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (6 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
HF COMMERCIAL LAND HOLDINGS LLC
TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION$388,813LEASE SPACEfalse
INTERVEST CONSTRUCTION INDUSTRIES LLC
TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION$406,106LEASE SPACEfalse
ICI HOMES RESIDENTIAL HOLDINGS LLC
TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION$132,072LEASE SPACEfalse
ELIZABETH MATTHEWS
FAMILY MEMBER OF KEY EMPLOYEE$80,416PAYMENT OF COMPENSATIONfalse
ALLISON AUSTIN
FAMILY MEMBER OF KEY EMPLOYEE$76,965PAYMENT OF COMPENSATIONfalse
ZACHARY YOUNG (STUDENT EMPLOYEE)
FAMILY MEMBER OF KEY EMPLOYEE$11,157PAYMENT OF COMPENSATIONfalse

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule L, Part IVFormAndLineReferenceDesc
ExplanationALL BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS WERE CONDUCTED AT ARM'S LENGTH AND IN ACCORDANCE WITH THE UNIVERSITY'S STANDARD PROCUREMENT AND CONFLICT-OF-INTEREST POLICIES.ExplanationTxt

Schedule M IRS990ScheduleM

Works Of Art WorksOfArtGrp

FieldValueIRS element (for citing)
Contribution2ContributionCnt
Noncash Contributions Rpt F990$215NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Clothing And Household Goods ClothingAndHouseholdGoodsGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Noncash Contributions Rpt F990$3,796NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Contribution8ContributionCnt
Noncash Contributions Rpt F990$1,997,311NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Collectibles CollectiblesGrp

FieldValueIRS element (for citing)
Contribution12ContributionCnt
Noncash Contributions Rpt F990$2,878NoncashContributionsRptF990Amt
Method Of Determining RevenuesMarket valueMethodOfDeterminingRevenuesTxt

Other Non Cash Contri Table OtherNonCashContriTableGrp (3 entries)

Non Cash CheckboxNonCashCheckboxIndDescDescContributionContributionCntNoncash Contributions Rpt F990NoncashContributionsRptF990AmtMethod Of Determining RevenuesMethodOfDeterminingRevenuesTxt
Yes (X)EQUIPMENT14$47,882Market value
Yes (X)GIFT CERTIFICATES63$16,606Market value
Yes (X)MISCELLANEOUS36$16,727Market 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
ExplanationTHE FIGURES IN COLUMN (B) REFLECT THE NUMBER OF CONTRIBUTIONS RECEIVED, RATHER THAN THE NUMBER OF INDIVIDUAL ITEMS.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, COEDUCATIONAL INSTITUTION OF HIGHER EDUCATION AND THE WORLD LEADER IN AVIATION AND AEROSPACE EDUCATION. CONSISTENT WITH ITS MISSION TO TEACH THE SCIENCE, PRACTICE AND BUSINESS OF AVIATION AND AEROSPACE, THE UNIVERSITY PREPARES STUDENTS FOR PRODUCTIVE CAREERS AND LEADERSHIP ROLES ACROSS INDUSTRY, GOVERNMENT AND THE MILITARY. EMBRY-RIDDLE HAS EVOLVED WITH INDUSTRY TO ADDRESS THE EVER-CHANGING NEEDS OF AVIATION, AEROSPACE AND OTHER STEM-RELATED DISCIPLINES. THE UNIVERSITY OFFERS A BROAD RANGE OF PROGRAMS ACROSS KEY FIELDS OF STUDY, INCLUDING APPLIED SCIENCE, AVIATION, BUSINESS, COMPUTING AND TECHNOLOGY, ENGINEERING, SAFETY, SECURITY AND INTELLIGENCE, AND SPACE. THROUGH ITS ACADEMIC PROGRAMS, CONTINUING EDUCATION AND APPLIED RESEARCH, EMBRY-RIDDLE SUPPORTS AND ADVANCES THE GLOBAL AVIATION AND AEROSPACE INFRASTRUCTURE. THE UNIVERSITY'S EFFORTS CONTRIBUTE TO INDUSTRY GROWTH, TECHNOLOGICAL INNOVATION AND WORKFORCE DEVELOPMENT, WITH THE IMPACT OF ITS STUDENTS, FACULTY AND STAFF EXTENDING FAR BEYOND THE TRADITIONAL STUDENT BODY.
Form 990, Part III, Line 1 DESCRIPTION OF ORGANIZATION MISSIONEMBRY-RIDDLE IS THE WORLD LEADER IN AVIATION AND AEROSPACE HIGHER EDUCATION. ITS MISSION IS TO TEACH THE SCIENCE, PRACTICE AND BUSINESS OF AVIATION AND AEROSPACE, PREPARING STUDENTS FOR PRODUCTIVE CAREERS AND LEADERSHIP ROLES IN BUSINESS, GOVERNMENT AND THE MILITARY. THE UNIVERSITY'S LEADERSHIP POSITION IS ROOTED IN ITS AVIATION HERITAGE, WHICH DATES 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 CHIEF FINANCIAL OFFICER, AND INDEPENDENT TAX ACCOUNTANTS. ALL MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED WITH AN ELECTRONIC COPY OF THE COMPLETE FORM PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE.
Form 990, Part VI, Line 12c Conflict of interest policyEMBRY-RIDDLE'S OFFICE OF AUDIT, RISK, AND COMPLIANCE ANNUALLY ISSUES AND COLLECTS CONFLICT OF INTEREST DISCLOSURE FORMS FROM EMPLOYEES AND MEMBERS OF THE BOARD OF TRUSTEES. ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED, EVALUATED, AND MONITORED BY THE UNIVERSITY'S VICE PRESIDENT AND GENERAL COUNSEL. CONFLICTS INVOLVING EMPLOYEES ARE EITHER RESOLVED OR REFERRED TO HUMAN RESOURCES AND THE APPROPRIATE SUPERVISORY CHAIN OF COMMAND FOR DISCIPLINARY ACTION IF UNRESOLVED.
Form 990, Part VI, Line 15a Process to establish compensation of top management officialFOR THE PRESIDENT AND OTHER KEY EMPLOYEES (INCLUDING SENIOR VICE PRESIDENTS, CAMPUS CHANCELLORS, THE PROVOST, DEANS, AND GENERAL COUNSEL), AN INDEPENDENT SEARCH CONSULTANT IS TYPICALLY RETAINED. SALARY DATA FROM COMPARABLE INSTITUTIONS ARE USED TO ESTABLISH AN INITIAL SALARY RANGE, AND COMPENSATION OFFERS ARE BASED ON THAT RANGE AS WELL AS THE CANDIDATE'S QUALIFICATIONS AND EXPERIENCE. ANY BASE SALARY IN EXCESS OF $200,000 REQUIRES APPROVAL BY THE PRESIDENT AND/OR THE SENIOR VICE PRESIDENT AND CHIEF FINANCIAL OFFICER. ANNUAL CHANGES TO THE PRESIDENT'S COMPENSATION ARE DETERMINED BY THE BOARD CHAIR, WHO CONSIDERS DATA FROM SOURCES SUCH AS THE CHRONICLE OF HIGHER EDUCATION, CUPA-HR, AND COMPARABLE INSTITUTIONS WITHIN THE STATE OF FLORIDA. THE BOARD CHAIR REVIEWS THE PRESIDENT'S PERFORMANCE WITH THE EXECUTIVE COMMITTEE OF THE BOARD OF TRUSTEES IN DETERMINING ANY ADJUSTMENTS. FOR OTHER KEY EMPLOYEES, THE PRESIDENT CONDUCTS ANNUAL PERFORMANCE EVALUATIONS BASED ON ESTABLISHED METRICS. TAKING INTO ACCOUNT THESE ASSESSMENTS AND PUBLICLY AVAILABLE COMPENSATION DATA FOR COMPARABLE POSITIONS IN HIGHER EDUCATION, THE PRESIDENT DEVELOPS COMPENSATION RECOMMENDATIONS FOR REVIEW BY THE BOARD CHAIR. THE BOARD CHAIR AND THE PRESIDENT DISCUSS EACH RECOMMENDATION, WITH THE BOARD CHAIR OFTEN INCORPORATING ADDITIONAL MARKET DATA AND CONSULTING WITH THE BOARD'S EXECUTIVE COMMITTEE. THESE DELIBERATIONS ARE DOCUMENTED, AND SUPPORTING INFORMATION IS RETAINED.
Form 990, Part VI, Line 15b Process to establish compensation of other employeesTHE PROCESS FOR ESTABLISHING THE COMPENSATION OF OTHER OFFICERS AND KEY EMPLOYEES IS THE SAME AS THAT DESCRIBED IN LINE 15A FOR THE 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 ALSO AVAILABLE ON THE UNIVERSITY'S WEBSITE.
Form 990, Part XI, Line 9 Other changes in net assets or fund balancesCHANGE IN VALUE OF SPLIT INTEREST AGREEMENT - 2046; Total - 2046;

Schedule R IRS990ScheduleR

Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)

Business Name Line2DisregardedEntityName/BusinessNameLine2TxtAddress Line1ForeignAddress/AddressLine1TxtCityForeignAddress/CityNmCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdTotal IncomeTotalIncomeAmtEnd Of Year AssetsEndOfYearAssetsAmtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtAddress Line2ForeignAddress/AddressLine2Txt
EMBRY-RIDDLE BRASIL EDUCACAO AERONAUTICA LTDA (FKA EMBRY-RIDDLE BRASIL PART
ICIPACOES LTDA)RUA ELVIRA FERRAZ 250 CJ616SAO PAULOBR04552040981380920HIGHER EDUCATIONBR$345,257$1,551,993EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC
EMBRY-RIDDLE EUROPE GMBH
HOUSE OF LOGISTICS MOBILITYFRANKFURTGM60549981424758HIGHER EDUCATIONGM$1,057,381$918,700EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INCBESSIE-COLEMAN-STR 7

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1ForeignAddress/AddressLine1TxtAddress Line2ForeignAddress/AddressLine2TxtCountryForeignAddress/CountryCdForeign PostalForeignAddress/ForeignPostalCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile Foreign CountryLegalDomicileForeignCountryCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtBusiness Name Line1DirectControllingEntityName/BusinessNameLine1TxtControlled OrganizationControlledOrganizationIndAddress Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdLegal Domicile StateLegalDomicileStateCd
EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD
70 SELETAR AEROSPACE VIEW02-01 AIR 7 ASIA BUILDINGSN797564980681431HIGHER 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

Foreign Address ForeignAddress

FieldValueIRS element (for citing)
Address Line170 SELETAR AEROSPACE VIEWAddressLine1Txt
Address Line202-01 AIR 7 ASIA BUILDINGAddressLine2Txt
CountrySNCountryCd
Foreign Postal797564ForeignPostalCd
FieldValueIRS element (for citing)
Primary ActivitiesHIGHER EDUCATIONPrimaryActivitiesTxt
Legal Domicile Foreign CountrySNLegalDomicileForeignCountryCd
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 OrgYes (true)LoansOrGuaranteesToOtherOrgInd
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 OrgYes (true)ReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (5 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
ERAU ASIA INSTITUTE LTD
D$373,999CASH TRANSFER
EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD
D$151,699CASH TRANSFER
EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD
P$246,703CASH TRANSFER
EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD
Q$118,829CASH TRANSFER
EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD
S$113,774CASH TRANSFER

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSchedule R, Part I, Column (a) NAME, ADDRESS, AND EIN (IF APPLICABLE) OF DISREGARDED ENTITYFormAndLineReferenceDesc
ExplanationEMBRY-RIDDLE BRASIL EDUCACAO AERONAUTICA LTDA, A FOREIGN ENTITY DOMICILED IN BRAZIL, WAS PREVIOUSLY REGISTERED AS EMBRY-RIDDLE BRASIL PARTICIPACOES LTDA.ExplanationTxt