2023-05-12T14:00:33-05:00 2022-06-30 135565207 KPMG LLP 8350 BROAD STREET SUITE 900 MCLEAN VA 22102 990 2021-07-01 590936101 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBR 3862266000 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 RANDALL B HOWARD PHD SENIOR VP AND CFO 3862266000 2023-05-10 1 RANDALL HOWARD PHD XXX-XX-XXXX BRIAN KEARNS P02061479 7032868000 2023-05-10 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z RANDALL B HOWARD 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 1095679308 0 X WWW.ERAU.EDU X 1960 FL SEE SCHEDULE O.EMBRY-RIDDLE AERONAUTICAL UNIVERSITY, INC. (UNIVERSITY OR EMBRY-RIDDLE) IS A PRIVATE, CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING. EMBRY-RIDDLE IS THE LARGEST AND OLDEST AVIATION AND AEROSPACE-FOCUSED UNIVERSITY IN THE WORLD. THE UNIVERSITY HAS EVOLVED WITH INDUSTRY TOSERVE THE EVER-CHANGING NEEDS OF AVIATION AND AEROSPACE AND OTHER STEM-RELATED DISCIPLINES. EMBRY-RIDDLE OFFERS PROGRAMS IN SEVEN PRIMARY FIELDS OF STUDY INCLUDING APPLIED SCIENCE, AVIATION, BUSINESS, COMPUTERS AND TECHNOLOGY, ENGINEERING, SAFETY, SECURITY ANDINTELLIGENCE AND SPACE. EMBRY-RIDDLE, THROUGH ITS ACADEMIC PROGRAMS, CONTINUING EDUCATION, AND APPLIED RESEARCH, BENEFITS THE GLOBAL AEROSPACE AND AVIATION INFRASTRUCTURE. THE UNIVERSITY'S EFFORTS SUPPORT THE GROWTH AND TECHNOLOGICAL ADVANCEMENTS ENCOMPASSING THE ENTIRE AVIATION AND AEROSPACE INDUSTRY; THE CONTRIBUTIONS OF EMBRY-RIDDLE STUDENTS, FACULTY AND STAFF TRANSCEND FAR BEYOND THE "STUDENT BODY". 18 17 7270 0 55550 0 51495298 93237010 555043432 596750358 9379622 14444543 400133 512747 616318485 704944658 128345091 151656474 0 0 255973792 265551763 0 0 2922277 133898125 155841276 518217008 573049513 98101477 131895145 1265271185 1324755345 466304857 443680841 798966328 881074504 X SEE SCHEDULE OEMBRY-RIDDLE IS THE WORLD LEADER IN AVIATION AND AEROSPACE HIGHER EDUCATION. EMBRY-RIDDLE'S MISSION IS TO TEACH THE SCIENCE, PRACTICE AND BUSINESS OF AVIATION AND AEROSPACE, PREPARING STUDENTS FOR PRODUCTIVE CAREERS AND LEADERSHIP ROLES IN BUSINESS, GOVERNMENT AGENCIES AND THE MILITARY. EMBRY-RIDDLE'S REPUTATION AS A LEADER IN AVIATION AND AEROSPACE HIGHER EDUCATION IS GROUNDED IN ITS AVIATION ROOTS DATING BACK TO 1926. 0 0 452080640 151656474 596771133 EMBRY-RIDDLE IS THE WORLD'S OLDEST AND LARGEST INSTITUTION OF HIGHER EDUCATION FOCUSED ON AVIATION AND AEROSPACE. ITS INNOVATIVE AND AWARD WINNING PROGRAMS LEAD TO ASSOCIATE, BACHELOR'S, MASTER'S AND DOCTORAL DEGREES, AND PROFESSIONAL EDUCATION (SEMINARS AND SHORT COURSES) TO PART-TIME AND FULL-TIME STUDENTS. 452080640 1 1 0 1 0 0 0 1 0 1 1 0 0 0 1 1 0 1 1 1 1 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 0 1 451 0 1 7270 1 1 1 1 BR SN GM 0 0 0 1 1 0 0 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 AZ FL X X JARE ALLOCCO ALLEN 3863238078 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 MORTEZA HOSSEINI BOARD MEMBER - CHAIR 5.00 0.00 X 0 0 0 JAMES HENDERSON BOARD MEMBER - VICE CHAIR 5.00 0.00 X 0 0 0 JOSEPH MARTIN BOARD MEMBER - TREASURER 3.00 0.00 X 0 0 0 ZANE ROWE BOARD MEMBER - SECRETARY 3.00 0.00 X 0 0 0 MICHAEL AMALFITANO BOARD MEMBER 2.00 0.00 X 0 0 0 JOHN AMORE BOARD MEMBER 2.00 0.00 X 0 0 0 KENNETH DUFOUR BOARD MEMBER 2.00 0.00 X 0 0 0 CHARLES DUVA BOARD MEMBER 2.00 0.00 X 0 0 0 RONALD KEYS BOARD MEMBER 2.00 0.00 X 0 0 0 JON SLANGERUP BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID O'MALEY BOARD MEMBER 2.00 0.00 X 0 0 0 GLENN S RITCHEY BOARD MEMBER 2.00 0.00 X 0 0 0 DAVID ROBERTSON BOARD MEMBER 2.00 0.00 X 0 0 0 JEAN G ROSANVALLON BOARD MEMBER 2.00 0.00 X 0 0 0 SALLY MASON BOARD MEMBER 2.00 0.00 X 0 0 0 JANET KAVANDI BOARD MEMBER 2.00 0.00 X 0 0 0 NEAL KEATING BOARD MEMBER 2.00 0.00 X 0 0 0 STEVEN NORDLUND BOARD MEMBER 2.00 0.00 X 0 0 0 P BARRY BUTLER PRESIDENT 50.00 0.00 X 823099 0 43121 RANDALL HOWARD SVP, CFO 50.00 0.00 X 504804 0 43100 JOHN WATRET CHANCELLOR, WORLDWIDE 45.00 0.00 X 456892 0 42219 RODNEY CRUISE SVP ADMINISTRATION & COO 40.00 0.00 X 391712 0 42629 LON MOELLER SVP ACADEMIC AFFAIRS PROVOST 40.00 0.00 X 362934 0 37720 ANETTE KARLSSON CHANCELLOR, PRESCOTT CAMPUS 40.00 0.00 X 330184 0 28198 CHARLIE SEVASTOS CHIEF LEGAL COUNSEL 40.00 0.00 X 279089 0 34003 REBECCA VASQUEZ VICE PRESIDENT, CIO 40.00 0.00 X 237091 0 29357 BRANDON YOUNG VICE PRESIDENT, CHRO 40.00 0.00 X 236134 0 32836 JASON RUCKERT VICE PRESIDENT, ENROLL MGMT 40.00 0.00 X 226544 0 36587 STEVEN RIDDER HEAD BASKETBALL COACH DB 40.00 0.00 X 449145 0 37797 SHANAN GIBSON DEAN, COLLEGE OF BUSINESS 40.00 0.00 X 253689 0 24929 REMZI SEKER ASSOCIATE PROVOST FOR RESEARCH 40.00 0.00 X 288927 0 47143 ANASTASIOS LYRINTZIS DEPARTMENT CHAIR 40.00 0.00 X 240439 0 38709 SCOTT SHAPPELL DEPARTMENT CHAIR 40.00 0.00 X 242558 0 38003 FRANCES AYERS FORMER CHANCELLOR, PRESCOTT CAMPUS 40.00 0.00 X 137660 0 13300 MARC ARCHAMBAULT FORMER SVP PHILANTHR. ALUMNI ENGAGE 0.00 0.00 X 125997 0 15557 5586898 0 585208 353 1 1 0 PERRY MCCALL CONSTRUCTION INC 6104 S GAZEBO PARK PLACE JACKSONVILLE FL 32257 CONSTRUCTION SERVICES 25169335 WFF FACILITY SERVICES 211 S JEFFERSON AVE ST LOUIS MO 63103 FACILITY SERVICES 2087164 WORKDAY INC 6110 STONERIDGE MALL RD PLEASANTON CA 94588 CONSULTING SERVICES 1329811 ORACLE AMERICA INC 500 ORACLE PARKWAY REDWOOD SHORES CA 94065 SUPPORT SERVICES 1176778 EAB GLOBAL INC 2445 M STREET NW WASHINGTON DC 20037 MARKETING SERVICES 936749 157 139955 59600826 33496229 6488911 93237010 HIGHER EDUCATION 611310 596750358 596694808 55550 596750358 12059566 12059566 12077 12077 473130 0 473130 473130 473130 392515980 58980 390202060 0 2313920 58980 2372900 2372900 131679 139955 112837 18842 18842 440528 419753 20775 20775 704944658 596715583 55550 14936515 X 82956 82956 151573518 151573518 4459083 3871310 587773 201696046 151694241 48351145 1650660 15959794 11765901 4059655 134238 28584206 21072887 7321856 189463 14852634 10949679 3763053 139902 461109 461109 348230 348230 230270 230270 1786085 1786085 23356177 13272456 9989902 93819 3489519 2308312 1180807 400 10644936 5582141 5052147 10648 4333195 2617976 1712716 2503 13486090 6573927 6912163 6164784 5000088 1102882 61814 3734289 3139514 584627 10148 9748720 8520070 1228650 39220282 36348773 2871509 6534993 2787381 3747612 EQUIP. RENTAL & MAINT. 20028909 8956517 11069209 3183 FUEL & OIL 5344006 5122310 221696 MISCELLANEOUS 2257703 1274373 972542 10788 PRINTING & PUBS 1980507 897372 1069574 13561 2691472 2309978 368117 13377 573049513 452080640 118046596 2922277 27825834 23091306 327598570 377409068 5412792 25386362 26492030 21453924 7205666 5199954 3884379 4894991 10394560 14128841 1033890184 447342122 554876491 586548062 253888658 205085121 20624699 33775156 27067506 27782560 1265271185 1324755345 54911507 46287248 28249860 30184134 263730168 255524175 74088490 65601778 45324832 46083506 466304857 443680841 X 703500744 767590303 95465584 113484201 798966328 881074504 1265271185 1324755345 X 131895145 -49774679 -12290 X 0 1 X 1 1 1 X 15535121 36906226 36095261 51495298 93237010 233268916 15535121 36906226 36095261 51495298 93237010 233268916 22848743 210420173 5352837 7477830 7968689 6212250 12544773 39556379 272825295 2622067486 0.77130 0.80330 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 1 230270 0 0 230270 0 SCHEDULE C, PART II-B 1G EMBRY-RIDDLE RETAINS LOBBYING FIRMS AT THE STATE AND FEDERAL LEVELS. EMBRY-RIDDLE'S LOBBYING ACTIVITIES AT THE STATE LEVEL ARE IN SUPPORT OF PROGRAMS THAT BENEFIT STUDENTS OF PRIVATE INSTITUTIONS WITHIN THE STATE AND OTHER POLICY OR FUNDING ISSUES THAT ARE OF INTEREST TO EMBRY-RIDDLE. AT THE FEDERAL LEVEL, EMBRY-RIDDLE'S LOBBYING ACTIVITIES FOCUS ON SUPPORT OF ITS RESEARCH ACTIVITIES AND OTHER EDUCATIONAL INITIATIVES. FEDERAL LOBBYING EFFORTS ALSO FOCUS ON ADVOCATING FOR POLICY DEVELOPMENT WITHIN THE FEDERAL AVIATION ADMINISTRATION (FAA) THAT WILL POSITIVELY IMPACT EMBRY-RIDDLE'S STUDENTS AS THEY PROGRESS THROUGH PILOT OR AIR TRAFFIC MANAGEMENT EDUCATIONAL PROGRAMS - TWO AREAS HEAVILY REGULATED BY THE FAA. EMBRY-RIDDLE WORKS TO MAKE THE FAA AWARE OF HOW POTENTIAL POLICY CHANGES AFFECT COLLEGIATE PROGRAMS. 1929806 X X 0 0 242820000 33920000 -32161000 3503000 241076000 172374000 20075000 56358000 5987000 242820000 161405000 9377000 3074000 1482000 172374000 134498000 22481000 5780000 1354000 161405000 124599000 1033000 10200000 1334000 134498000 0.63800 0.26600 0.09600 0 0 9759844 9759844 666215647 225943669 440271978 260749321 163300890 97448431 97165372 58097563 39067809 586548062 RIGHT OF USE OPERATING LEASE LIABILITIES 27479668 STUDENT DEPOSITS/ADV PAYMENTS 13812534 ADVANCES, STUDENT LOANS/FIN AID 4703105 ANNUITIES PAYABLE 88199 46083506 X PART X, LINE 2: SCHEDULE D, PART X, LINE 2: EMBRY-RIDDLE IS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS AMENDED AND, EXCEPT FOR UNRELATED BUSINESS INCOME, IS EXEMPT FROM FEDERAL INCOME TAXES. THERE WAS NO PROVISION FOR INCOME TAXES DUE ON UNRELATED BUSINESS INCOME IN FISCAL YEARS 2022 AND 2021, AND THERE ARE NO UNCERTAIN TAX POSITIONS CONSIDERED TO BE MATERIAL. SCHEDULE D, PART III, LINE 4: REFERENCED COLLECTIONS INCLUDE ACCIDENT INVESTIGATION CASE FILES; TECHNICAL PAPERS, REPORTS AND REFERENCE MATERIALS. THE COLLECTION IS OPEN FOR ACADEMIC AND PUBLIC RESEARCH. THE PUBLIC ART COLLECTION IS A SERIES OF 31 PIECES OF FINE ART INCLUDING, BUT NOT LIMITED TO, SCULPTURES, STATUES AND PAINTINGS. THIS COLLECTION SERVES TO ENRICH THE CULTURAL AND EDUCATIONAL ENVIRONMENT OF EMBRY-RIDDLE. SCHEDULE D, PART V, LINE 4: ENDOWMENT FUNDS ARE USED PRIMARILY FOR STUDENT SCHOLARSHIPS. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 PUBLICATION OF NON-DISCRIMINATORY POLICY EMBRY-RIDDLE PUBLICIZES ITS RACIALLY NONDISCRIMINATORY POLICY ON ITS WEBSITE AND ADMISSIONS APPLICATIONS, BOTH OF WHICH MAY BE ACCESSED BY THE GENERAL COMMUNITY IT SERVES AND THE PUBLIC. SCHEDULE E, PART I, LINE 6: EMBRY-RIDDLE RECEIVES FINANCIAL ASSISTANCE FROM FEDERAL AND STATE AGENCIES FOR STUDENT FINANCIAL AID AND ACADEMIC RESEARCH. 1 EAST ASIA AND THE PACIFIC 1 23 PROGRAM SERVICES HIGHER EDUCATION 3218894 EUROPE 1 2 PROGRAM SERVICES HIGHER EDUCATION 302681 SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, 1 4 PROGRAM SERVICES HIGHER EDUCATION 56000 CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENTS 15413055 3 29 0 0 3 29 18990630 0 18990630 1 0 1 1 1 0 PART III ACCOUNTING METHOD: GOLF TOURNAMENT 25503 13495 12008 5409 2028 344 GOLF TOURNAMENT 64550 43361 21189 20654 12125 1535 1 181581 83099 98482 27736 43006 271634 139955 131679 26063 41889 44885 112837 18842 1 EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 65956 0 NATIONAL CONVENTION SPONSORSHIP MUSEUM OF ARTS AND SCIENCES INC 352 SOUTH NOVA ROAD DAYTONA BEACH FL 32114 591022050 501(C)(3) 10000 0 EXHIBIT SPONSORSHIP HALIFAX HEALTH FOUNDATION 303 NORTH CLYDE MORRIS BLVD DAYTONA BEACH FL 32114 592893051 501(C)(3) 7000 0 EVENT SPONSORSHIPS 3 0 STUDENT FINANCIAL AID 22445 137055164 CARES ACT EMERGENCY FINANCIAL AID GRANTS TO STUDENTS 6508 14508354 COMPETITION PRIZE SPONSORSHIP 1 10000 SCHEDULE I, PART I, LINE 2 EMBRY-RIDDLE IS NOT A GRANTMAKING ORGANIZATION PER SE IN THAT ITS FUNDAMENTAL MISSION AND PURPOSE FOR TAX-EXEMPT STATUS RELATES TO EDUCATION. HOWEVER, IN THE COURSE OF ITS MISSION-RELATED ACTIVITIES, EMBRY-RIDDLE DOES MAKE PAYMENTS THAT MEET THE DEFINITION OF "GRANTMAKING" AS DEFINED BY THE INSTRUCTIONS TO SCHEDULE I OF FORM 990. THESE PAYMENTS FALL INTO TWO CATEGORIES: (1) STUDENT FINANCIAL AID: EMBRY-RIDDLE OFFERS STUDENT FINANCIAL AID IN THE FORM OF SCHOLARSHIPS AND GRANTS WHICH ARE PROVIDED BY EMBRY-RIDDLE AND FEDERAL AND STATE GOVERNMENTS. EMBRY-RIDDLE'S FINANCIAL AID IS AWARDED TO STUDENTS WHO DEMONSTRATE ELIGIBILITY BASED ON FINANCIAL NEED, COMPETE IN INTERCOLLEGIATE ATHLETICS, DEMONSTRATE ACADEMIC MERIT, ETC. THE OFFICE OF FINANCIAL AID DETERMINES STUDENTS' ELIGIBILITY FOR NEED-BASED AID. (2) CHARITABLE CONTRIBUTIONS: CHARITABLE CONTRIBUTIONS ARE MADE IN ACCORDANCE WITH EMBRY-RIDDLE POLICY AND ALL APPLICABLE LAWS AND REGULATIONS AND ARE IN ALIGNMENT WITH THE UNIVERSITY'S MISSION. SCHEDULE I, PART III, LINE 2, COLUMN (C) AMOUNTS OF CASH GRANTS REPRESENT CORONAVIRUS AID, RELIEF, AND ECONOMIC SECURITY (CARES) ACT EMERGENCY FINANCIAL AID GRANTS TO STUDENTS. X X X X 1 1 X X X X 0 0 0 0 0 0 0 1 0 P BARRY BUTLER PRESIDENT 582227 0 125630 0 115242 0 27550 0 15571 0 866220 0 0 0 RANDALL HOWARD SVP, CFO 442199 0 60630 0 1975 0 27550 0 15550 0 547904 0 0 0 JOHN WATRET CHANCELLOR, WORLDWIDE 388985 0 60630 0 7277 0 27550 0 14669 0 499111 0 0 0 STEVEN RIDDER HEAD BASKETBALL COACH DB 439687 0 630 0 8828 0 27550 0 10247 0 486942 0 0 0 RODNEY CRUISE SVP ADMINISTRATION & COO 330291 0 60630 0 791 0 27550 0 15079 0 434341 0 0 0 LON MOELLER SVP ACADEMIC AFFAIRS PROVOST 359834 0 630 0 2470 0 27550 0 10170 0 400654 0 0 0 ANETTE KARLSSON CHANCELLOR, PRESCOTT CAMPUS 323145 0 5630 0 1409 0 27550 0 648 0 358382 0 0 0 REMZI SEKER ASSOCIATE PROVOST FOR RESEARCH 283000 0 5630 0 297 0 27550 0 19593 0 336070 0 0 0 CHARLIE SEVASTOS CHIEF LEGAL COUNSEL 256803 0 20630 0 1656 0 26814 0 7189 0 313092 0 0 0 SCOTT SHAPPELL DEPARTMENT CHAIR 240405 0 630 0 1523 0 23444 0 14559 0 280561 0 0 0 ANASTASIOS LYRINTZIS DEPARTMENT CHAIR 238269 0 630 0 1540 0 23316 0 15393 0 279148 0 0 0 SHANAN GIBSON DEAN, COLLEGE OF BUSINESS 252692 0 630 0 367 0 24060 0 869 0 278618 0 0 0 BRANDON YOUNG VICE PRESIDENT, CHRO 226686 0 5630 0 3818 0 22531 0 10305 0 268970 0 0 0 REBECCA VASQUEZ VICE PRESIDENT, CIO 230382 0 5630 0 1079 0 22564 0 6793 0 266448 0 0 0 JASON RUCKERT VICE PRESIDENT, ENROLL MGMT 220702 0 5630 0 212 0 22085 0 14502 0 263131 0 0 0 FRANCES AYERS FORMER CHANCELLOR, PRESCOTT CAMPUS 136432 0 630 0 598 0 13009 0 291 0 150960 0 0 0 MARC ARCHAMBAULT FORMER SVP PHILANTHR. ALUMNI ENGAGE 125549 0 0 0 448 0 10516 0 5041 0 141554 0 0 0 SCHEDULE J PART I, LINE 1A FIRST-CLASS OR CHARTER TRAVEL HAS BEEN APPROVED FOR THE PRESIDENT AND HIS SPOUSE (WHEN TRAVELING FOR A BONA FIDE BUSINESS PURPOSE OF THE UNIVERSITY; PLEASE SEE BELOW) BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND AS STATED IN THE PRESIDENT'S EMPLOYMENT CONTRACT. CABINET MEMBERS AND OTHER EMPLOYEES MAY TRAVEL FIRST- OR BUSINESS/PREMIUM-CLASS, BASED ON CERTAIN CONDITIONS, AS PER THE UNIVERSITY'S TRAVEL POLICY (E.G., TRAVEL INVOLVING FLIGHT SEGMENTS OVER SIX HOURS, RED-EYE FLIGHTS THAT SAVE LODGING EXPENSE, CASES WHERE THE TRAVELER HAS A DOCUMENTED PHYSICAL DISABILITY OR LIMITATION, ETC.). PREAPPROVAL OF FIRST- OR BUSINESS/PREMIUM CLASS OR CHARTER TRAVEL IS REQUIRED BY THE EMPLOYEE'S SENIOR LEADERSHIP AND THE SENIOR VICE PRESIDENT AND CFO OR PRESIDENT. TRAVEL FOR SPOUSE/COMPANION - A SPOUSE/COMPANION OF CABINET MEMBERS, TRUSTEES, AND OTHER EMPLOYEES OF EMBRY-RIDDLE MAY TRAVEL TO FUNCTIONS OR OTHER EVENTS RELATED TO THE ONGOING BUSINESS OF EMBRY-RIDDLE. EMBRY-RIDDLE WILL REIMBURSE FOR SPOUSE/COMPANION TRAVEL ONLY WHEN THERE IS A BONA FIDE BUSINESS PURPOSE FOR THE PRESENCE OF THE SPOUSE/COMPANION. ALL SPOUSE/COMPANION TRAVEL TO BE REIMBURSED MUST BE PREAPPROVED BY AN INDIVIDUAL IN THE EMPLOYEE'S SUPERVISORY CHAIN WHO IS A SENIOR LEADER AND BY THE SENIOR VICE PRESIDENT AND CFO. HOUSING ALLOWANCE OR RESIDENCE FOR PERSONAL USE - HOUSING ALLOWANCE IS PROVIDED TO THE PRESIDENT AS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND STATED IN THE PRESIDENT'S EMPLOYMENT CONTRACT. HOUSING IS PROVIDED TO A KEY EMPLOYEE. THE HOUSING IS FURNISHED ON THE BUSINESS PREMISES OF EMBRY-RIDDLE, AT THE CONVENIENCE OF EMBRY-RIDDLE, AND THE EMPLOYEE IS REQUIRED TO ACCEPT SUCH LODGING AS A CONDITION OF EMPLOYMENT. HEALTH OR SOCIAL CLUB DUES OR INITIATION FEES - DUES FOR THE PRESIDENT AS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF TRUSTEES AND STATED IN THE PRESIDENT'S EMPLOYMENT CONTRACT FOR BUSINESS AND FUNDRAISING PURPOSES. SCHEDULE J PART I, LINE 7 NONFIXED PAYMENTS SELECT PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1, RECEIVED AN ADDITIONAL PERFORMANCE BASED BONUS. ADDITIONALLY, ALL REFERENCED EMPLOYEES RECEIVED A HOLIDAY BONUS IN THE SAME AMOUNT THAT ALL UNIVERSITY EMPLOYEES RECEIVED. A VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY 800000613 000000000 2015-02-12 50740000 PARTIALLY REFUND SERIES 2005 0 0 0 B VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY 800000613 928836KYO 2015-03-23 76273696 CONSTRUCTION AND CAPITAL IMPROVEMENTS 1 0 0 C VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY 800000613 000000000 2015-07-17 26535000 PARTIALLY REFUND SERIES 2005 0 0 0 D VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY 800000613 928836MP7 2017-08-17 54335668 REFUND SERIES 2011 AND CONSTRUCTION 0 0 0 A 18870000 50740000 324722 50415278 0 1 1 1 B 1920000 26265000 76299686 773696 75525928 62 2018 0 0 1 1 C 12650000 26535000 105499 26429501 1 0 1 1 D 55311131 11068317 462990 43779824 2019 0 1 0 1 A 0 0 1 0 1 0 0 0 1 B 0 0 0 0 0 0 1 C 0 0 1 0 0 0.01860 0.01860 0 0 1 D 0 0 0 1 0 0 0 1 A 0 0 0 1 0 0 0 0 1 B 0 0 0 1 0 0 0 0 1 C 0 0 0 1 0 0 0 0 1 D 0 1 0 0 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART I, ROW A, COLUMN F 02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - SERIES 2015A - PARTIAL REFUNDING - SERIES 2005 ISSUE DATED 8/18/2005. SCHEDULE K, PART I, ROW B, COLUMN F 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - SERIES 2015B - NEW MONEY/CONSTRUCTION. SCHEDULE K, PART I, ROW C, COLUMN F 07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - SERIES 2015C - REFUNDING - PARTIAL REFUNDING SERIES 2005 ISSUE DATED 8/18/2005. SCHEDULE K, PART I, ROW D, COLUMN F 08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY SERIES 2017 - ADVANCE REFUNDING SERIES 2011 ISSUE DATED 7/7/2011 AND NEW MONEY/CONSTRUCTION. SCHEDULE K, PART II, LINE 3, COLUMN B 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - TOTAL PROCEEDS OF ISSUE DIFFERS FROM THE ISSUE PRICE AS THE AMOUNT INCLUDES INVESTMENT EARNINGS. SCHEDULE K, PART II, LINE 3, COLUMN B 08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY- TOTAL PROCEEDS OF ISSUE DIFFERS FROM THE ISSUE PRICE AS THE AMOUNT INCLUDES INVESTMENT EARNINGS. SCHEDULE K, PART II, LINE 11, COLUMN A 02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. SCHEDULE K, PART II, LINE 11, COLUMN B 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - THE OTHER SPENT PROCEEDS WERE TRANSFERRED TO THE INTEREST FUND. SCHEDULE K, PART II, LINE 11, COLUMN C 07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. SCHEDULE K, PART IV, LINE 2C, COLUMN A 02/12/2015 50,740,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - FIVE YEAR REBATE COMPUTATION COMPLETED 2/12/2020. ANNUAL REBATE COMPUTATION COMPLETED 6/30/22. SCHEDULE K, PART IV, LINE 2C, COLUMN B 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - FIVE YEAR REBATE COMPUTATION COMPLETED 3/23/2020. ANNUAL REBATE COMPUTATION COMPLETED 6/30/22. SCHEDULE K, PART IV, LINE 2A, COLUMN C 07/17/2015 26,535,000 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY - FIVE YEAR REBATE COMPUTATION COMPLETED 7/17/2020. ANNUAL REBATE COMPUTATION COMPLETED 6/30/22. SCHEDULE K, PART IV, LINE 2A, COLUMN D 08/17/2017 54,335,668 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY- ANNUAL REBATE COMPUTATIONS COMPLETED 6/30/22. SCHEDULE K, PART I ADDITIONAL PAGES, ROW A, COLUMN F 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY SERIES 2020A - CURRENT REFUNDING SERIES 2013 ISSUE DATED 11/8/2013, PARTIAL CURRENT REFUNDING OF SERIES 2015B ISSUE DATED 3/23/2015 AND NEW MONEY/CONSTRUCTION. SCHEDULE K, PART II ADDITIONAL PAGES, LINE 3, COLUMN B 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY TOTAL PROCEEDS OF ISSUE DIFFERS FROM THE ISSUE PRICE AS THE AMOUNT INCLUDES INVESTMENT EARNINGS. SCHEDULE K, PART II ADDITIONAL PAGES, LINE 11, COLUMN A 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY THE OTHER SPENT PROCEEDS ARE THE REFUNDING PROCEEDS OF THE ISSUE. SCHEDULE K, PART II ADDITIONAL PAGES, LINE 12, COLUMN A 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY THE OTHER UNSPENT PROCEEDS ARE THE BALANCE OF THE PROCEEDS IN THE CONSTRUCTION FUND. SCHEDULE K, PART IV, ADDITIONAL PAGES, LINE 2A, COLUMN A 01/16/2020 118,087,855 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY ANNUAL REBATE COMPUTATIONS COMPLETED 6/30/22. A VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY 800000613 928836NC5 2020-01-16 118087855 REFUND SERIES 2013, 2015B AND CONST. 0 0 0 A 2145000 118343281 777214 80300657 27241130 10024280 1 0 0 1 A 0 0 0 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 A 1 HF COMMERCIAL LAND HOLDINGS LLC TRUSTEE HOSSEINI, PRINCIPAL 321643 LEASE SPACE 0 INTERVEST CONSTRUCTION INDUSTRIES LLC TRUSTEE HOSSEINI, PRINCIPAL 338730 LEASE SPACE 0 ICI HOMES RESIDENTIAL HOLDINGS LLC TRUSTEE HOSSEINI, PRINCIPAL 114533 LEASE SPACE 0 SCHEDULE L, PART IV: ALL BUSINESS TRANSACTIONS INVOLVING INTERESTED PERSONS AS DISCLOSED IN PART IV ARE CONDUCTED IN ACCORDANCE WITH THE UNIVERSITY'S NORMAL BUSINESS PRACTICES. X 4 3189 COMPARE MKT VALUE X 1480 STATED FACE VALUE X 1 3000 STATED FACE VALUE X 12 1735511 PUBLIC EXCHANGE X 1 4680000 INDEPENDENT APPRAISAL X 2 5475 STATED FACE VALUE X 1 7319 STATED FACE VALUE X GIFT CERT/RP 98 38962 STATED FACE VALUE X EQUIPMENT 3 12525 STATED FACE VALUE X SERVICES 2 1450 STATED FACE VALUE 1 0 1 0 PART I, COLUMN (B): THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS RECEIVED. FORM 990, PART VI, SECTION B, LINE 11B PRIOR TO FILING, THE FORM 990 IS REVIEWED BY THE SENIOR VICE PRESIDENT/CFO AND INDEPENDENT TAX ACCOUNTANTS. ALL MEMBERS OF THE BOARD OF TRUSTEES ARE PROVIDED AN ELECTRONIC COPY OF THE COMPLETE FORM PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EMBRY-RIDDLE'S INTERNAL AUDIT, RISK AND COMPLIANCE DEPARTMENT ANNUALLY ISSUES AND RECEIVES CONFLICT OF INTEREST DISCLOSURE FORMS FROM EMBRY-RIDDLE EMPLOYEES AND THE BOARD OF TRUSTEES. ACTUAL OR POTENTIAL CONFLICTS OF INTEREST ARE REVIEWED, EVALUATED AND MONITORED BY EMBRY-RIDDLE'S VICE PRESIDENT AND GENERAL COUNSEL. CONFLICTS INVOLVING EMBRY-RIDDLE EMPLOYEES ARE EITHER RESOLVED OR FORWARDED TO HUMAN RESOURCES AND THE PARTICULAR EMPLOYEE'S SUPERVISORY CHAIN OF COMMMAND FOR DISCIPLINARY ACTION FOR AN UNRESOLVED CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 FOR THE PRESIDENT AND OTHER KEY EMPLOYEES (EMBRY-RIDDLE'S SENIOR VICE PRESIDENTS, CAMPUS CHANCELLORS, THE PROVOST, AND GENERAL COUNSEL), AN INDEPENDENT SEARCH CONSULTANT IS TYPICALLY RETAINED. SALARY DATA FROM COMPARABLE INSTITUTIONS ARE USED IN THE DETERMINATION OF AN INITIAL SALARY RANGE. THE COMPENSATION OFFER IS BASED ON THAT RANGE AND THE CANDIDATE'S SPECIFIC CREDENTIALS AND EXPERIENCE. ADDITIONALLY, THE PRESIDENT IS REQUIRED TO APPROVE ANY SALARY OVER $200,000. FOR ANNUAL CHANGES TO THE PRESIDENT'S COMPENSATION, THE BOARD CHAIR CONSIDERS INFORMATION FROM VARIOUS SOURCES SUCH AS THE CHRONICLE OF HIGHER EDUCATION, COLLEGE AND UNIVERSITY PROFESSIONAL ASSOCIATION HR (CUPA-HR), AND OTHER INSTITUTIONS IN THE STATE OF FLORIDA. THE BOARD CHAIR REVIEWS THE PRESIDENT'S PERFORMANCE WITH THE EXECUTIVE COMMITTEE OF THE BOARD AND DETERMINES ANY CHANGES IN COMPENSATION. FOR OTHER KEY EMPLOYEES, THE PRESIDENT CONDUCTS AN ANNUAL EVALUATION BASED ON EXPECTED PERFORMANCE METRICS. BASED ON THE PERFORMANCE ASSESSMENT AND A REVIEW OF PUBLICLY AVAILABLE SALARY DATA FOR SIMILAR EXECUTIVE POSITIONS IN HIGHER EDUCATION, THE PRESIDENT DEVELOPS COMPENSATION RECOMMENDATIONS THAT ARE SHARED WITH THE BOARD CHAIR. THE BOARD CHAIR AND THE PRESIDENT DISCUSS EACH RECOMMENDATION. THE BOARD CHAIR OFTEN INCORPORATES ADDITIONAL HIGHER EDUCATION COMPENSATION DATA AND THEN CONSULTS WITH THE BOARD'S EXECUTIVE COMMITTEE. THE MEETINGS ARE DOCUMENTED IN AN AGENDA AND THE PRESIDENT RETAINS THE RELEVANT INFORMATION. FORM 990, PART VI, SECTION C, LINE 19 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 DISCLOSED ON EMBRY-RIDDLE'S WEBSITE. FORM 990, PART IX, LINE 24E LOSS ON DISPOSALS: PROGRAM SERVICE EXPENSES 1,548,697. MANAGEMENT AND GENERAL EXPENSES 201,958. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,750,655. POSTAGE & SHIPPING: PROGRAM SERVICE EXPENSES 761,281. MANAGEMENT AND GENERAL EXPENSES 166,159. FUNDRAISING EXPENSES 13,377. TOTAL EXPENSES 940,817. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT -12,290. EMBRY-RIDDLE BRASIL PARTICIPACOES LTDA RUA ELVIRA FERRAZ 250 CJ616 SAO PAULO BR 04552-040 981380920 HIGHER ED BR 576179 1582759 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBRY-RIDDLE DEUTSCHLAND GMBH HOLM BESSIE-COLEMAN-STR 7 FRANKFURT GM 60549 981424758 HIGHER ED GM 243180 369824 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBRY-RIDDLE AERONAUTICAL UNIV ASIA LTD 75 BUKIT TIMAH RD 02-01 BOON SIE SINGAPORE SN 229833 980681431 HIGHER ED SN 501(C)(3) LINE 2 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC 1 EAGLE FLYING CLUB OF ERAU 1 AEROSPACE BOULEVARD DAYTONA BEACH FL 32114 593530394 AIRCRAFT RENTAL FL 501(C)(4) EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 EMBRY-RIDDLE DEUTSCHLAND GMBH P 373493 CASH TRANSFER