2025-05-14T17:39:13+00:00 2024-06-30 135565207 KPMG LLP 8350 Broad Street Suite 900 McLean VA 22102 990 2023-07-01 590936101 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBR 3862266000 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 RANDALL B HOWARD SENIOR VP AND CFO 3862266000 2025-05-14 true true BRIAN KEARNS P02061479 7032868000 2025-05-14 2023 2025-03-06 01:10:19Z RANDALL B HOWARD 1 AEROSPACE BLVD DAYTONA BEACH FL 32114 1219583990 false X WWW.ERAU.EDU X 1960 FL SEE SCHEDULE O 19 18 7938 0 785144 296938 44304520 70134311 635671636 697091505 22431014 42342867 549068 621529 702956238 810190212 147815746 174459638 0 0 283456713 311080494 0 0 6365402 170386775 183553091 601659234 669093223 101297004 141096989 1443112700 1592608509 443266123 427305479 999846577 1165303030 SEE SCHEDULE O false false 537140785 174459638 696374797 AS THE WORLD'S LARGEST UNIVERSITY SPECIALIZING IN AVIATION AND AEROSPACE, EMBRY-RIDDLE HAS BEEN ON THE FOREFRONT OF GROUND-BREAKING AERONAUTICAL MILESTONES SINCE THE EARLY DAYS OF FLIGHT. FOR ALMOST 100 YEARS, THE UNIVERSITY HAS EVOLVED WITH INDUSTRY TO BREAK NEW GROUND AND PRODUCE TOP-LEVEL GRADUATES WHO SERVE 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, 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 DOCTORATE LEVELS. 537140785 true false false true 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 true false false false false false true false true true true true false false true true true true true false true X 479 0 true 7938 true true true true SN BR GM false false false true true false false false false false false X 19 18 false false false false false false false true true false false true true true true true true true true 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 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 939188 0 45077 RANDALL B HOWARD SVP & CFO 50.0 3.0 X 623500 0 45149 ALAN STOLZER DEAN, COLLEGE OF AVIATION 40.0 0 X 255115 0 35829 BRANDON YOUNG VICE PRESIDENT & CHRO 40.0 0 X 265914 0 36997 CHARLES SEVASTOS VICE PRESIDENT & GENERAL COUNSEL 40.0 3.0 X 300459 0 38126 JASON RUCKERT SVP, ENROLLMENT MGMT/MKTG 40.0 0 X 312833 0 33246 JEREMY ERNST VP, RESEARCH & DOCTORAL PROGRAMS 40.0 0 X 239211 0 26480 JOHN WATRET CHANCELLOR, WORLDWIDE CAMPUS 40.0 5.0 X 508633 0 43792 KELLY AUSTIN SVP, ACADEMIC AFFAIRS & PROVOST 40.0 0 X 207413 0 22758 KELLY DOWLING SVP PHILANTHROPY & ALUMNI ENGAGEMENT 40.0 0 X 324833 0 36669 KEVIN KREIDE TERM 10312023 VICE PRESIDENT, FACILITIES 40.0 0 X 211023 0 19037 LON MOELLER TERM 7132023 SVP, ACADEMIC AFFAIRS & PROVOST 40.0 0 X 142661 0 17625 MARIE ANNETTE KARLSSON TERM 7312024 CHANCELLOR, PRESCOTT CAMPUS 40.0 0 X 349744 0 33843 REBECCA VASQUEZ VICE PRESIDENT & CIO 40.0 0 X 269472 0 35346 RODNEY CRUISE SVP & COO 40.0 0 X 465352 0 49509 BARBARA HOLDER ASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES 40.0 0 X 294124 0 29845 JAMES GREGORY DEAN, COLLEGE OF ENGINEERING 40.0 0 X 382645 0 48464 RICCARDO BEVILACQUA INTERIM ASSOC DEAN FOR RESEARCH & GRAD STUDIES 40.0 0 X 267552 0 42718 SHANAN GIBSON DEAN, O'MALEY COLLEGE OF BUSINESS 40.0 0 X 265738 0 27906 STEVEN RIDDER HEAD BASKETBALL COACH DB 40.0 0 X 514635 0 43823 FRANCES AYERS FORMER CHANCELLOR, PRESCOTT CAMPUS 40.0 0 X 155815 0 15911 7295860 0 728150 443 true true false SODEXO INC PO BOX 360170 PITTSBURGH PA 152516170 FOOD AND FACILITIES MGMT 30470364 PERRY MCCALL CONSTRUCTION INC 6104 S GAZEBO PARK PLACE JACKSONVILLE FL 32257 CONSTRUCTION SERVICES 8513585 COLEMAN GOODEMOTE CONSTRUCTION INC 619 N BEACH ST DAYTONA BEACH FL 32114 CONSTRUCTION SERVICES 4614292 HES INTERMEDIATE HOLDINGS LLC 9202 S NORTHSHORE DR STE 202 KNOXVILLE TN 37922 CLEANING SERVICES 3855319 B TEAM CONSTRUCTION INC 5861 S KYRENE RD STE 12 TEMPE AZ 85283 CONSTRUCTION SERVICES 3004544 244 181276 61938804 8014231 236986 70134311 HIGHER EDUCATION 611310 697091505 696306361 785144 0 0 0 0 697091505 30083935 30083935 117883 117883 503047 503047 0 503047 503047 412021710 8715811 408596472 3425238 8715811 12141049 12141049 156005 181276 105959 50046 50046 759783 691347 68436 68436 0 0 0 0 0 810190212 696374797 785144 42895960 6149950 6149950 168294688 168294688 15000 15000 6380202 5490053 890149 234250846 174916924 56067968 3265954 18488561 13182546 5012964 293051 36057697 25254071 10084196 719430 15903188 11757672 3905233 240283 2753942 2753942 549688 549688 251853 251853 2349375 2349375 24925604 16988587 7855036 81981 3822564 3417398 403406 1760 12325022 6926212 5375353 23457 17380487 13406460 3798644 175383 15796880 11834561 3962319 10075962 7666892 2130398 278672 6127207 4477467 1481302 168438 9581169 8163723 1417446 41405729 37370361 3882648 152720 9180038 4243288 4936750 EQUIP. RENTAL & MAINT. 14365522 13074656 1290506 360 FUEL & OIL 6617511 6373550 243961 PRINTING & PUBLICATIONS 2332086 1152820 1140652 38614 MISCELLANEOUS 2151262 1386725 763435 1102 1561190 1087234 439908 34048 669093223 537140785 125587036 6365402 10303211 7500000 452664096 508692866 19074779 6023144 19710934 28232049 0 0 0 0 4107163 2829057 6411878 6270603 17015172 11453455 1188546532 519641926 598381380 668904606 226808883 250655147 51161630 66111798 0 37473574 35935784 1443112700 1592608509 45516629 59363924 35367373 30074203 247283337 234633221 0 0 56182190 49879512 58916594 53354619 443266123 427305479 X 871035911 1027409306 128810666 137893724 999846577 1165303030 1443112700 1592608509 X 141096989 24386186 -26722 X false true X true true true X 36025861 51434504 93202342 44056071 69906662 294625440 0 0 36025861 51434504 93202342 44056071 69906662 294625440 18786805 275838635 7968689 6212250 12544773 20622102 30704864 78052678 0 0 839 4113 297938 302890 380006 168751 572207 790596 915788 2827348 375808356 3000675892 0.7340 0.7547 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - FUNDRAISING, COLUMN A - 15963.0, COLUMN B - 57580.0, COLUMN C - 131679.0, COLUMN D - 220395.0, COLUMN E - 156005.0, COLUMN F - 581622.0; DESCRIPTION - SALES OF INVENTORY, COLUMN A - 364043.0, COLUMN B - 111171.0, COLUMN C - 440528.0, COLUMN D - 570201.0, COLUMN E - 759783.0, COLUMN F - 2245726.0; false false false false false false true 251853 false false 251853 false Schedule C, Part II-B, Line 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. 0 1080125 X X X false 281561000 11147000 31070000 5594000 318184000 241076000 22443000 23431000 5389000 281561000 242820000 33920000 -32161000 3503000 241076000 172374000 20075000 56358000 5987000 242820000 161405000 9377000 3074000 1482000 172374000 0.657 0.227 0.116 false false 9759844 9759844 703707128 263151687 440555441 311429853 191928983 119500870 163649707 64561256 99088451 668904606 ROU LEASE LIABILITY 35395113 STUDENT DEPOSITS/ADV PAYMENTS 10093818 ADVANCES, STUDENT LOANS/FIN AID 7742150 ANNUITIES PAYABLE 123538 53354619 X Schedule D, Part III, Line 4 Collections of art - description of collections 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 Intended uses of endowment funds ENDOWMENT FUNDS ARE USED PRIMARILY FOR 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, 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 2024 AND 2023, AND THERE ARE NO UNCERTAIN TAX POSITIONS CONSIDERED TO BE MATERIAL. true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY 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(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT EMBRY-RIDDLE RECEIVES FINANCIAL ASSISTANCE FROM FEDERAL AND STATE AGENCIES FOR STUDENT FINANCIAL AID AND ACADEMIC RESEARCH. true East Asia and the Pacific 1 55 Program Services HIGHER EDUCATION 3194735 Europe (Including Iceland and Greenland) 1 22 Program Services HIGHER EDUCATION 302681 South America 1 7 Program Services HIGHER EDUCATION 56000 Central America and the Caribbean 0 0 Investments 26213003 3 84 0 0 3 84 29766419 0 29766419 East Asia and the Pacific GENERAL SUPPORT 15000 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 A COMBINATION OF AGREEMENTS, REGULAR REPORTING, SITE VISITS AND FINANCIAL AUDITS. Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; 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 GOLF TOURNAMENT NO. 1 169095 76534 92561 32040 29345 4938 GOLF TOURNAMENT NO. 2 111266 70882 40384 16715 10490 617 2 56920 33860 23060 5691 5395 728 337281 181276 156005 54446 45230 6283 105959 50046 true AIR & SPACE FORCES ASSOCIATION 1501 LANSTON BLVD STE 400 ARLINGTON VA 22209 526043929 501(C)(3) 25000 ORGANIZATION SPONSORSHIP BROWN RIVERFRONT ESPLANADE FOUNDATION INC 249 N BEACH ST DAYTONA BEACH FL 32114 831769296 501(C)(3) 10000 SPONSOR COMMUNITY PROJECT DAYTONA REGIONAL CHAMBER OF COMMERCE 126 EAST ORANGE AVE DAYTONA BEACH FL 32114 590215990 501(C)(6) 7950 ORGANIZATION SPONSORSHIP EXPERIMENTAL AIRCRAFT ASSOCIATION INC 3000 POBEREZNY ROAD OSHKOSH WI 54902 390917537 501(C)(3) 75000 NATIONAL CONVENTION SPONSORSHIP AND SPONSOR STUDENT MEMBERSHIP 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 EAST MARGINAL WAY S SEATTLE WA 98108 910785826 501(C)(3) 10000 AWARDS EVENT SPONSORSHIP MOTORSPORTS CHARITIES INC ONE DAYTONA BLVD DAYTONA BEACH FL 32114 300337745 501(C)(3) 7000 ORGANIZATION SPONSORSHIP SPACE FLORIDA 505 Odyssey Way Ste 300 Exploration Park FL 32953 161767788 6000000 To increase the University's research opportunities and collaborations with industry, and increase student demand and world-class job opportunities for its graduates. 6 2 STUDENT FINANCIAL AID 14349 168294688 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 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. X X X X true true X X X false false false false false false false true false PATRICK BARRY BUTLER PRESIDENT 670641 0 150730 0 117817 0 33000 0 12077 0 984265 0 0 0 RANDALL B HOWARD SVP & CFO 520319 0 100730 0 2451 0 33000 0 12149 0 668649 0 0 0 FRANCES AYERS FORMER CHANCELLOR, PRESCOTT CAMPUS 146380 0 730 0 8705 0 15511 0 400 0 171726 0 0 0 JOHN WATRET CHANCELLOR, WORLDWIDE CAMPUS 429806 0 75730 0 3097 0 33000 0 10792 0 552425 0 0 0 RODNEY CRUISE SVP & COO 382842 0 80730 0 1780 0 33000 0 16509 0 514861 0 0 0 MARIE ANNETTE KARLSSON TERM 7312024 CHANCELLOR, PRESCOTT CAMPUS 346567 0 730 0 2447 0 33000 0 843 0 383587 0 0 0 KELLY DOWLING SVP PHILANTHROPY & ALUMNI ENGAGEMENT 302786 0 730 0 21317 0 29905 0 6764 0 361502 0 0 0 JASON RUCKERT SVP, ENROLLMENT MGMT/MKTG 296590 0 10730 0 5513 0 31402 0 1844 0 346079 0 0 0 CHARLES SEVASTOS VICE PRESIDENT & GENERAL COUNSEL 277884 0 20730 0 1845 0 30373 0 7753 0 338585 0 0 0 REBECCA VASQUEZ VICE PRESIDENT & CIO 258090 0 3230 0 8152 0 26430 0 8916 0 304818 0 0 0 BRANDON YOUNG VICE PRESIDENT & CHRO 259527 0 3230 0 3157 0 26697 0 10300 0 302911 0 0 0 ALAN STOLZER DEAN, COLLEGE OF AVIATION 252562 0 730 0 1823 0 25693 0 10136 0 290944 0 0 0 JEREMY ERNST VP, RESEARCH & DOCTORAL PROGRAMS 219741 0 730 0 18740 0 24725 0 1755 0 265691 0 0 0 KELLY AUSTIN SVP, ACADEMIC AFFAIRS & PROVOST 161409 0 730 0 45274 0 16302 0 6456 0 230171 0 0 0 KEVIN KREIDE TERM 10312023 VICE PRESIDENT, FACILITIES 182310 0 2500 0 26213 0 18481 0 556 0 230060 0 0 0 LON MOELLER TERM 7132023 SVP, ACADEMIC AFFAIRS & PROVOST 136272 0 0 0 6389 0 13817 0 3808 0 160286 0 0 0 STEVEN RIDDER HEAD BASKETBALL COACH DB 468496 0 730 0 45409 0 33000 0 10823 0 558458 0 0 0 JAMES GREGORY DEAN, COLLEGE OF ENGINEERING 381304 0 730 0 611 0 33000 0 15464 0 431109 0 0 0 BARBARA HOLDER ASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES 172305 0 730 0 121089 0 29303 0 542 0 323969 0 0 0 RICCARDO BEVILACQUA INTERIM ASSOC DEAN FOR RESEARCH & GRAD STUDIES 153297 0 930 0 113325 0 27405 0 15313 0 310270 0 0 0 SHANAN GIBSON DEAN, O'MALEY COLLEGE OF BUSINESS 264412 0 730 0 596 0 26516 0 1390 0 293644 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel 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. Schedule J, Part I, Line 1a Travel for companions 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. Schedule J, Part I, Line 1a Housing allowance or residence for personal use 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. 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 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 Non-fixed payments NONFIXED PAYMENTS - SELECT PERSONS LISTED ON FORM 990, PART VII, SECTION A, LINE 1, RECEIVED AN ADDITIONAL PERFORMANCE BASED BONUS. ADDITIONALLY, ALL REFERENCED EMPLOYEES RECEIVE A HOLIDAY BONUS IN THE SAME AMOUNT THAT ALL UNIVERSITY EMPLOYEES RECEIVED. A VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015A) 800000613 000000000 2015-02-12 50740000 PARTIALLY REFUND SERIES 2005 false false false B VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015B) 800000613 928836KYO 2015-03-23 76273696 CONSTRUCTION AND CAPITAL IMPROVEMENTS true false false C VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2015C) 800000613 000000000 2015-07-17 26535000 PARTIALLY REFUND SERIES 2005 false false false D VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTHORITY (2017) 800000613 928836MP7 2017-08-17 54335668 REFUND SERIES 2011 AND CONSTRUCTION false false false A 25260000 50740000 324722 50415278 2015 false true true true B 15860000 16205000 76299686 773696 75525928 62 2018 false false true true C 17970000 26535000 105499 26429501 2015 true false true true D 390000 56115492 462990 43779824 11872678 2019 false true true true A false false true false true false 0.0 false false true B false false false false 0.0 false false true C false false true false false 0.0186 0.0186 false false true D false false false true false 0.0 false false true A false false false true false false false false true B false false false true false false false false true C false false false true false false false false true D false false false true false false 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 02/12/2020. ANNUAL REBATE COMPUTATION COMPLETED 06/30/2024. Schedule K, Part IV, Line 2c COLUMN B 03/23/2015 76,273,696 VOLUSIA COUNTY EDUCATIONAL FACILITIES AUTH. - FIVE YEAR REBATE COMPUTATION COMPLETED 03/23/2020. ANNUAL REBATE COMPUTATION COMPLETED 06/30/2024. 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 06/30/2024. 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 06/30/2024. 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 REFUND SERIES 2013, 2015B AND CONSTRUCTION false false false A 4470000 118627015 754775 90631110 27241130 2024 true false false true A false false false false 0.0 false false true A true true false false false false false true true A true 57435 FINANCIAL AID / TUITION WAIVERS GENERAL SUPPORT HF COMMERCIAL LAND HOLDINGS LLC TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION 370827 LEASE SPACE false INTERVEST CONSTRUCTION INDUSTRIES LLC TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION 392697 LEASE SPACE false ICI HOMES RESIDENTIAL HOLDINGS LLC TRUSTEE HOSSEINI IS A PRINCIPAL AT THIS ORGANIZATION 120607 LEASE SPACE false ELIZABETH MATTHEWS FAMILY MEMBER OF KEY EMPLOYEE 77694 PAYMENT OF COMPENSATION false 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 5 2200 Market value X 3271 Market value X 18 208192 Market value X BOOKS AND PUBLICATIONS 2 4212 Market value X Equipment 1 3996 Market value X Gift Certificates 42 6412 Market value X Miscellaneous 13 8703 Market value 0 false true false Schedule M, Part I (b) Number of contributions or items contributed THIS COLUMN REPRESENTS THE NUMBER OF CONTRIBUTIONS, NOT THE NUMBER OF ITEMS RECEIVED. Form 990, Part I, Line 1 DESCRIPTION OF ORGANIZATION MISSION 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 TO SERVE 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 AND INTELLIGENCE 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". Form 990, Part III, Line 1 DESCRIPTION OF ORGANIZATION MISSION EMBRY-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. 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 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, Line 12c Conflict of interest policy 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, Line 15a Process to establish compensation of top management official 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 AND/OR THE SENIOR VICE PRESIDENT AND CFO IS REQUIRED TO APPROVE ANY BASE 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, Line 15b Process to establish compensation of other employees SAME EXPLANATION AS 15A PROCESS TO ESTABLISH COMPENSATION OF 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 DISCLOSED ON EMBRY-RIDDLE'S WEBSITE. Form 990, Part XI, Line 9 Other changes in net assets or fund balances CHANGE IN VALUE OF SPLIT INTEREST AGREEMENT - -26722; EMBRY-RIDDLE BRASIL PARTICIPACOES LTDA 981380920 HIGHER EDUCATION BR 399253 1547297 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBRY-RIDDLE EUROPE GMBH (FKA EMBRY-RIDDLE AERONAUTICAL DEUTSCHLAND GMBH) 981424758 HIGHER EDUCATION GM 871625 675310 EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC EMBRY-RIDDLE AERONAUTICAL UNIV ASIA LTD 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 HIGHER EDUCATION SN N/A C Corporation true false true false false false false false false false false false false false false false true false false false EMBRY-RIDDLE EUROPE GMBH (FKA EMBRY-RIDDLE AERONAUTICAL DEUTSHLAND GMBH) P 432925 CASH TRANSFER