2026-05-13T13:59:27+00:00 2025-06-30 135565207 KPMG LLP 8350 Broad Street Suite 900 McLean VA 22102 990 2024-07-01 590936101 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBR 3862266000 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 RANDALL B HOWARD SENIOR VP AND CFO 3862266000 2026-05-13 true true Brian Kearns P02061479 7032868000 2026-05-11 2024 2025-03-06 01:10:19Z RANDALL B HOWARD PHD 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 1341897059 false X WWW.ERAU.EDU X 1960 FL SEE SCHEDULE O 20 19 8320 0 963942 240569 70134311 61585783 697091505 755060968 42342867 45545332 621529 2028366 810190212 864220449 174459638 182333454 0 311080494 338677832 0 6985001 183553091 195109552 669093223 716120838 141096989 148099611 1592608509 1713455467 427305479 377517249 1165303030 1335938218 SEE SCHEDULE O false false 621207171 182333454 755078486 EMBRY-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. 621207171 true true false true false false false true false true true false false false true true false true true true true true false false true false false true true true true false false false false false false true false true true true true false false true true true true true false true X 35671 0 true 8320 true true true true SN BR GM false false false true true false false false false false false X 20 19 false false false false false false false true true false false false true true true true true true true true false false FL AZ X X JARE ALLOCCO ALLEN 3863238078 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 CHARLES DUVA BOARD MEMBER 2.0 0 X 0 0 0 DAVID O'MALEY BOARD MEMBER 2.0 0 X 0 0 0 GLENN RITCHEY BOARD MEMBER 2.0 0 X 0 0 0 JACQUELINE VAN OVOST BOARD MEMBER 2.0 0 X 0 0 0 JAMES HENDERSON BOARD MEMBER - VICE CHAIR 5.0 0 X 0 0 0 JANET KAVANDI BOARD MEMBER 2.0 0 X 0 0 0 JEAN ROSANVALLON BOARD MEMBER 2.0 0 X 0 0 0 JOHN AMORE BOARD MEMBER 2.0 0 X 0 0 0 JON SLANGERUP BOARD MEMBER 2.0 0 X 0 0 0 JOSEPH MARTIN BOARD MEMBER - TREASURER 3.0 0 X 0 0 0 KENN RICCI BOARD MEMBER 2.0 0 X 0 0 0 KENNETH DUFOUR BOARD MEMBER 2.0 0 X 0 0 0 LEANNE CARET BOARD MEMBER 2.0 0 X 0 0 0 MICHAEL AMALFITANO BOARD MEMBER 2.0 0 X 0 0 0 MORTEZA HOSSEINI BOARD MEMBER - CHAIR 5.0 0 X 0 0 0 NEAL KEATING BOARD MEMBER 2.0 0 X 0 0 0 SALLY MASON BOARD MEMBER 2.0 0 X 0 0 0 STEVE VARSANO BOARD MEMBER 2.0 0 X 0 0 0 STEVEN NORDLUND BOARD MEMBER 2.0 0 X 0 0 0 ZANE ROWE BOARD MEMBER - SECRETARY 3.0 0 X 0 0 0 PATRICK BARRY BUTLER PRESIDENT 50.0 0 X 1000497 0 47941 RANDALL B HOWARD SVP & CFO 50.0 3.0 X 665973 0 48007 ALAN STOLZER DEAN, COLLEGE OF AVIATION 40.0 0 X 270589 0 38710 BRANDON YOUNG VICE PRESIDENT & CHRO 40.0 0 X 287098 0 59894 CHARLES SEVASTOS VICE PRESIDENT & GENERAL COUNSEL 40.0 3.0 X 314194 0 40339 JAMES GREGORY DEAN, COLLEGE OF ENGINEERING 40.0 0 X 394590 0 51281 JASON RUCKERT SVP, ENROLLMENT MGMT, MKTG, & STUDENT AFFAIRS 40.0 0 X 338340 0 48455 JEREMY ERNST VP, RESEARCH & DOCTORAL PROGRAMS 40.0 0 X 248421 0 39546 JOHN WATRET CHANCELLOR, WORLDWIDE CAMPUS 40.0 5.0 X 539770 0 46230 KELLY AUSTIN SVP, ACADEMIC AFFAIRS & PROVOST 40.0 0 X 413429 0 75133 KELLY DOWLING SVP, PHILANTHROPY & ALUMNI ENGAGEMENT 40.0 0 X 337441 0 41817 KENNETH WITCHER CHANCELLOR, PRESCOTT CAMPUS 40.0 0 X 268336 0 123343 MARIE ANETTE KARLSSON TERM 7312024 CHANCELLOR, PRESCOTT CAMPUS 40.0 0 X 265457 0 15648 REBECCA VASQUEZ VICE PRESIDENT & CIO 40.0 0 X 286626 0 44768 RODNEY CRUISE SVP & COO 40.0 0 X 491359 0 52828 ANASTASIOS LYRINTZIS DISTINGUISHED PROFESSOR 40.0 0 X 291654 0 38652 BARBARA HOLDER ASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES 40.0 0 X 294980 0 29952 MASSOOD TOWHIDNEJAD PROFESSOR & ASSOC CHAIR 40.0 0 X 283394 0 40385 RICCARDO BEVILACQUA INTERIM VICE PROVOST & PROFESSOR 40.0 0 X 298595 0 47022 STEVEN RIDDER HEAD BASKETBALL COACH DB 40.0 0 X 535104 0 46275 FRANCES AYERS FORMER CHANCELLOR, PRESCOTT CAMPUS 40.0 0 X 161467 0 16734 7987314 0 992960 488 true true false SODEXO INC PO BOX 360170 PITTSBURGH PA 152516170 FOOD AND FACILITIES MGMT 31451056 BARTON MALOW BUILDERS LLC 340 N PRIMROSE DR ORLANDO FL 32803 CONSTRUCTION SERVICES 29137123 PERRY-MCCALL CONSTRUCTION INC 6104 S GAZEBO PARK PLACE JACKSONVILLE FL 32257 CONSTRUCTION SERVICES 16424717 B TEAM CONSTRUCTION INC 5861 S KYRENE RD STE 12 TEMPE AZ 85283 CONSTRUCTION SERVICES 12192993 HES INTERMEDIATE HOLDINGS LLC 9202 S NORTHSHORE DR STE 202 KNOXVILLE TN 37922 CLEANING SERVICES 4916787 200 126466 48355725 13103592 2085415 61585783 HIGHER EDUCATION 611310 755060968 754225042 835926 0 0 0 0 755060968 33627159 128016 33499143 1968177 1968177 0 1968177 1968177 487070530 1559720 476712077 10358453 1559720 11918173 11918173 162983 126466 120312 42671 42671 861739 844221 17518 17518 0 0 0 0 0 864220449 754242560 963942 47428164 132000 132000 182186154 182186154 15300 15300 7091778 704919 5350281 1036578 251810621 212879730 35134828 3796063 20332512 17219550 2854220 258742 41895188 35475236 5884721 535231 17547733 14679856 2610760 257117 743595 743595 509666 509666 253680 253680 3349800 3349800 26632551 19593280 6864354 174917 3488838 3321989 161056 5793 11993541 8894218 3064004 35319 19856310 16599679 3071956 184675 16079291 13171033 2908258 10737486 9136064 1269176 332246 6523687 5292272 1066235 165180 9120356 7898881 1221475 46176531 42480754 3587133 108644 10113734 4793655 5317138 2941 EQUIP. RENTAL & MAINT. 16227384 15113613 1113611 160 FUEL & OIL 7167948 6930283 237665 PRINTING & PUBLICATIONS 2508802 2160605 299106 49091 MISCELLANEOUS 2227642 1485644 725542 16456 1398710 1042456 330406 25848 716120838 621207171 87928666 6985001 7500000 7500000 508692866 519587168 6023144 7637437 28232049 22326998 0 0 0 0 2829057 2167040 6270603 6100536 11453455 14137983 1295734321 562400290 668904606 733334031 250655147 289669068 66111798 74960415 0 35935784 36034791 1592608509 1713455467 59363924 59268758 30074203 32599085 234633221 187449047 0 0 49879512 43502625 53354619 54697734 427305479 377517249 1027409306 1191563342 137893724 144374876 1165303030 1335938218 1592608509 1713455467 X 148099611 22533531 2046 X false true true true true X 51434504 93202342 44056071 69906662 61435784 320035363 0 0 51434504 93202342 44056071 69906662 61435784 320035363 16750522 303284841 6212250 12543934 20617989 30406927 35353767 105134867 0 839 4113 297938 241569 544459 168751 572207 790596 915788 1024722 3472064 429186753 3237978290 0.70665 0.73399 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - 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; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 253680 false false 253680 false Schedule C, Part II-B, Line 1g EMBRY-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. 0 1929806 X X X false 318184000 16378000 36222000 3370000 3093000 364321000 281561000 11147000 31070000 2959000 2635000 318184000 241076000 22443000 23431000 3136000 2253000 281561000 242820000 33920000 -32161000 1995000 1508000 241076000 172374000 20075000 56358000 4156000 1831000 242820000 0.656 0.216 0.128 false false 9995952 9995952 796562468 283176838 513385630 347587499 211524571 136062928 141588402 67698881 73889521 733334031 Federal Income Taxes ROU LEASE LIABILITY 34684889 STUDENT DEPOSITS/ADV PAYMENTS 10957525 ADVANCES, STUDENT LOANS/FIN AID 8947461 ANNUITIES PAYABLE 107859 54697734 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part III, Line 4 Collections of art - description of collections COLLECTIONS 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 funds ENDOWMENT FUNDS ARE USED PRIMARILY TO AWARD STUDENT SCHOLARSHIPS. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote EMBRY-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. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY PUBLICATION 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 GOVERNMENT EMBRY-RIDDLE RECEIVES GRANTS AND OTHER FINANCIAL ASSISTANCE FROM FEDERAL AND STATE AGENCIES TO SUPPORT STUDENT FINANCIAL AID AND ACADEMIC RESEARCH. true East Asia and the Pacific 1 56 Program Services HIGHER EDUCATION 2662347 Europe (Including Iceland and Greenland) 1 23 Program Services HIGHER EDUCATION 827622 South America 1 5 Program Services HIGHER EDUCATION 338501 Central America and the Caribbean 0 0 Investments 33982714 3 84 0 0 3 84 37811184 0 37811184 East Asia and the Pacific GENERAL SUPPORT 15300 WIRE TRANSFER 1 0 true false true true true false Schedule F, Part I, Line 2 Procedures for monitoring use of grant funds EMBRY-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 statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; SOUTH AMERICA-Accrual Schedule F, Part II, Line 1 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual BLUE AND GOLD GALA 125664 36244 89420 30545 29151 4562 GOLF TOURNAMENT NO. 1 115560 63678 51882 41613 122 2 48225 26544 21681 4500 9379 440 289449 126466 162983 35045 80143 5124 120312 42671 true BROWN RIVERFRONT ESPLANADE FOUNDATION INC 249 N BEACH STREET DAYTONA BEACH FL 32114 831769296 501(C)(3) 10000 SPONSOR COMMUNITY PROJECT EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 77000 NATIONAL CONVENTION SPONSORSHIP AND SPONSOR STUDENT MEMBERSHIP MOTORSPORTS CHARITIES INC PO BOX 2875 DAYTONA BEACH FL 32120 300337745 501(C)(3) 7500 ORGANIZATION SPONSORSHIP MUSEUM OF ARTS AND SCIENCES INC 352 S NOVA ROAD DAYTONA BEACH FL 32114 591022050 501(C)(3) 15000 EXHIBIT SPONSORSHIP MUSEUM OF FLIGHT FOUNDATION 9404 E MARGINAL WAY SOUTH SEATTLE WA 98108 910785826 501(C)(3) 12500 AWARD EVENT SPONSORSHIP SELECTFLORIDA INC 201 ALHAMBRA CIRCLE SUITE 610 CORAL GABLES FL 33134 931995847 501(C)(3) 10000 ORGANIZATION SPONSORSHIP 6 0 STUDENT FINANCIAL AID 15406 182186154 Schedule I, Part III, Column (b) Estimated Number Of Recipients STUDENT FINANCIAL AID : SAME EXPLANATION AS SCHEDULE I, PART 1, LINE 2 - PROCEDURES FOR MONITORING USE OF GRANT FUNDS. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds EMBRY-RIDDLE IS NOT A GRANTMAKING ORGANIZATION; 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. X X X X true true X X X true false false false false false false true false RANDALL B HOWARD SVP & CFO 561039 0 100730 0 4204 0 34500 0 13507 0 713980 0 0 0 PATRICK BARRY BUTLER PRESIDENT 722602 0 150730 0 127165 0 34500 0 13441 0 1048438 0 0 0 FRANCES AYERS FORMER CHANCELLOR, PRESCOTT CAMPUS 160090 0 730 0 647 0 16069 0 665 0 178201 0 0 0 JOHN WATRET CHANCELLOR, WORLDWIDE CAMPUS 458710 0 75730 0 5330 0 34500 0 11730 0 586000 0 0 0 CHARLES SEVASTOS VICE PRESIDENT & GENERAL COUNSEL 291504 0 20730 0 1960 0 31788 0 8551 0 354533 0 0 0 RODNEY CRUISE SVP & COO 408712 0 80730 0 1917 0 34500 0 18328 0 544187 0 0 0 JAMES GREGORY DEAN, COLLEGE OF ENGINEERING 393225 0 730 0 635 0 34500 0 16781 0 445871 0 0 0 MARIE ANETTE KARLSSON TERM 7312024 CHANCELLOR, PRESCOTT CAMPUS 174438 0 0 0 91019 0 15301 0 347 0 281105 0 0 0 KELLY DOWLING SVP, PHILANTHROPY & ALUMNI ENGAGEMENT 335225 0 730 0 1486 0 33819 0 7998 0 379258 0 0 0 JASON RUCKERT SVP, ENROLLMENT MGMT, MKTG, & STUDENT AFFAIRS 322105 0 15730 0 505 0 34500 0 13955 0 386795 0 0 0 BRANDON YOUNG VICE PRESIDENT & CHRO 277492 0 4730 0 4876 0 28709 0 31185 0 346992 0 0 0 REBECCA VASQUEZ VICE PRESIDENT & CIO 275466 0 3480 0 7680 0 28316 0 16452 0 331394 0 0 0 ALAN STOLZER DEAN, COLLEGE OF AVIATION 268084 0 730 0 1775 0 27311 0 11399 0 309299 0 0 0 JEREMY ERNST VP, RESEARCH & DOCTORAL PROGRAMS 242466 0 5730 0 225 0 25676 0 13870 0 287967 0 0 0 KELLY AUSTIN SVP, ACADEMIC AFFAIRS & PROVOST 407036 0 5730 0 663 0 34500 0 40633 0 488562 0 0 0 KENNETH WITCHER CHANCELLOR, PRESCOTT CAMPUS 237047 0 15730 0 15559 0 25283 0 98060 0 391679 0 0 0 STEVEN RIDDER HEAD BASKETBALL COACH DB 525392 0 730 0 8982 0 34500 0 11775 0 581379 0 0 0 BARBARA HOLDER ASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES 293200 0 730 0 1050 0 29380 0 572 0 324932 0 0 0 RICCARDO BEVILACQUA INTERIM VICE PROVOST & PROFESSOR 295599 0 2730 0 266 0 30552 0 16470 0 345617 0 0 0 ANASTASIOS LYRINTZIS DISTINGUISHED PROFESSOR 287925 0 730 0 2999 0 27137 0 11515 0 330306 0 0 0 MASSOOD TOWHIDNEJAD PROFESSOR & ASSOC CHAIR 281020 0 730 0 1644 0 28735 0 11650 0 323779 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel FIRST-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 companions TRAVEL 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 use HOUSING 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 fees HEALTH 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 payment MARIE ANETTE KARLSSON, FORMER CHANCELLOR, RECEIVED A SEVERANCE PAYMENT OF $90,000 DURING CALENDAR YEAR 2024. Schedule J, Part I, Line 7 Non-fixed payments NONFIXED 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. A VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015A) 800000613 000000000 2015-02-12 50740000 (SEE STATEMENT) false false false B VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015B) 800000613 928836KYO 2015-03-23 76273696 (SEE STATEMENT) false false false C VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015C) 800000613 000000000 2015-07-17 26535000 (SEE STATEMENT) false false false D VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2017) 800000613 928836MP7 2017-08-17 54335668 (SEE STATEMENT) false false false A 28595000 50740000 324722 50415278 2015 false true true true B 66920000 76299686 773696 75525928 62 2018 false false true true C 20765000 26535000 105499 26429501 2015 true false true true D 795000 56115492 462990 43779824 11872678 2019 false true true true A false false true false true false 0 0 0.0 false false 0 false true B false false false false false false 0 0 0.0 false false 0 false true C false false true false false false 0.0186 0 0.0186 false false 0 false true D false false false false true false 0 0 0.0 false false 0 false true A false false false true false false 0 false false false 0 false false true B false false false true false false 0 false false false 0 false false true C false false false true false false 0 false false false 0 false false true D false false false true false false 0 false false false 0 false false true A true B true C true D true Schedule K, Part I, Column (f) ROW A 02/12/2015 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 B 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - SERIES 2015B - NEW MONEY/CONSTRUCTION. Schedule K, Part I, Column (f) ROW C 07/17/2015 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 D 08/17/2017 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 B 03/23/2015 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 D 08/17/2017 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 A 02/12/2015 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 B 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - OTHER SPENT PROCEEDS WERE TRANSFERRED TO THE INTEREST FUND. Schedule K, Part II, Line 11 COLUMN C 07/17/2015 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 D 08/17/2017 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 A 02/12/2015 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 B 03/23/2015 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 C 07/17/2015 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 D 08/17/2017 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 A 01/16/2020 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 A 01/16/2020 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 A 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. A VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2020A) 800000613 928836NC5 2020-01-16 118087855 (SEE STATEMENT) false false false A 7520000 118627015 754775 90631110 27241130 2024 true false true true A false false false false false false 0 0 0.0 false false 0 false true A true true false false false false 0 false false false 0 false false true A true 157376 FINANCIAL AID / TUITION WAIVERS GENERAL SUPPORT HF COMMERCIAL LAND HOLDINGS LLC TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION 388813 LEASE SPACE false INTERVEST CONSTRUCTION INDUSTRIES LLC TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION 406106 LEASE SPACE false ICI HOMES RESIDENTIAL HOLDINGS LLC TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION 132072 LEASE SPACE false ELIZABETH MATTHEWS FAMILY MEMBER OF KEY EMPLOYEE 80416 PAYMENT OF COMPENSATION false ALLISON AUSTIN FAMILY MEMBER OF KEY EMPLOYEE 76965 PAYMENT OF COMPENSATION false ZACHARY YOUNG (STUDENT EMPLOYEE) FAMILY MEMBER OF KEY EMPLOYEE 11157 PAYMENT OF COMPENSATION false Schedule L, Part IV ALL 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. 2 215 Market value X 3796 Market value 8 1997311 Market value 12 2878 Market value X EQUIPMENT 14 47882 Market value X GIFT CERTIFICATES 63 16606 Market value X MISCELLANEOUS 36 16727 Market value 0 false true false Schedule M, Part I (B) NUMBER OF CONTRIBUTIONS OR ITEMS CONTRIBUTED THE FIGURES IN COLUMN (B) REFLECT THE NUMBER OF CONTRIBUTIONS RECEIVED, RATHER THAN THE NUMBER OF INDIVIDUAL ITEMS. Form 990, Part I, Line 1 DESCRIPTION OF ORGANIZATION MISSION EMBRY-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 MISSION EMBRY-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 body PRIOR 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 policy EMBRY-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 official FOR 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 employees THE 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 public EMBRY-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 balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT - 2046; Total - 2046; EMBRY-RIDDLE BRASIL EDUCACAO AERONAUTICA LTDA (FKA EMBRY-RIDDLE BRASIL PART ICIPACOES LTDA) RUA ELVIRA FERRAZ 250 CJ616 SAO PAULO BR 04552040 981380920 HIGHER EDUCATION BR 345257 1551993 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBRY-RIDDLE EUROPE GMBH HOUSE OF LOGISTICS MOBILITY BESSIE-COLEMAN-STR 7 FRANKFURT GM 60549 981424758 HIGHER EDUCATION GM 1057381 918700 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD 70 SELETAR AEROSPACE VIEW 02-01 AIR 7 ASIA BUILDING SN 797564 980681431 HIGHER EDUCATION SN 501(c)(3) 2 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC true EAGLE FLYING CLUB OF ERAU 1 AEROSPACE BOULEVARD DAYTONA BEACH FL 32114 593530394 AIRCRAFT RENTAL FL 501(c)(4) EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC true ERAU ASIA INSTITUTE LTD 70 SELETAR AEROSPACE VIEW 02-01 AIR 7 ASIA BUILDING SN 797564 HIGHER EDUCATION SN C Corporation true false true false true false false false false false false false false false false false true true false true ERAU ASIA INSTITUTE LTD D 373999 CASH TRANSFER EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD D 151699 CASH TRANSFER EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD P 246703 CASH TRANSFER EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD Q 118829 CASH TRANSFER EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD S 113774 CASH TRANSFER Schedule R, Part I, Column (a) NAME, ADDRESS, AND EIN (IF APPLICABLE) OF DISREGARDED ENTITY EMBRY-RIDDLE BRASIL EDUCACAO AERONAUTICA LTDA, A FOREIGN ENTITY DOMICILED IN BRAZIL, WAS PREVIOUSLY REGISTERED AS EMBRY-RIDDLE BRASIL PARTICIPACOES LTDA.