EMBRY-RIDDLE AERONAUTICAL: Form 990, tax year 2009
View the entire original 990 at ProPublica ↗
- Organization
- EMBRY-RIDDLE AERONAUTICAL (EIN 59-0936101)
- Tax period
- 2009-07-01 to 2010-06-30
- Filed
- 2011-05-10
- IRS object ID
- 201121309349302092
- Schema version
- 2009v1.2
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule C
- Schedule D
- Schedule E
- Schedule F
- Schedule G
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2011-05-10T15:36:03-07:00 | Timestamp |
| Tax Period End Date | 2010-06-30 | TaxPeriodEndDate |
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2009-07-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 590936101 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Control | EMBR | NameControl |
| Phone | 3862266256 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 South Clyde Morris Blvd | AddressLine1 |
| City | Daytona Beach | City |
| State | FL | State |
| ZIP Code | 32114 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | ERIC B WEEKES | Name |
| Title | SENIOR EXECUTIVE VP, CFO | Title |
| Phone | 3862266256 | Phone |
| Date Signed | 2011-05-10 | DateSigned |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2009 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Dr John P Johnson | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 S Clyde Morris Blvd | AddressLine1 |
| City | Daytona Beach | City |
| State | FL | State |
| ZIP Code | 32114 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 327537721 | GrossReceipts |
| Group Return For Affiliates | 0 | GroupReturnForAffiliates |
| Organization501c | X | Organization501c |
| Web Site | www.erau.edu | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1960 | YearFormation |
| State Legal Domicile | FL | StateLegalDomicile |
| Activity Or Mission Description | Embry-Riddle Aeronautical University is an independent, non-profit, coeducational university serving students motivated toward careers in aviation and aerospace. Campuses in Daytona Beach, and Prescott, Arizona provide education in traditional settings, while a network of learning centers throughout the United States and abroad serves civilian and military students through ERAU-Worldwide. Embry-Riddle prepares graduates for productive careers and responsible citizenship with special emphasis on the needs of aviation, aerospace, engineering and related fields. The curriculum emphasizes communication and analytical skills, understanding the free enterprise system, extending the knowledge of aviation and aerospace, promoting ethical behavior, delivering continuing educational opportunities for adults, developing broadly educated individuals, and engaging in research that addresses needs in aviation and aerospace-related industries. See http://www.erau.edu/ for additional information. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 17 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 17 | NbrIndependentVotingMembers |
| Total Nbr Employees | 6335 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 1476337 | TotalGrossUBI |
| Net Unrelated Business Txbl Income | 77174 | NetUnrelatedBusinessTxblIncome |
| Contributions Grants Prior Year | 7013000 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 4111000 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 297313000 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 315611909 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 1474000 | InvestmentIncomePriorYear |
| Investment Income Current Year | 1779000 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 2911000 | OtherRevenuePriorYear |
| Other Revenue Current Year | 3463091 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 308711000 | TotalRevenuePriorYear |
| Total Revenue Current Year | 324965000 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 40592000 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 40645000 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 158808000 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 154655000 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 53621 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 1611714 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 105544000 | OtherExpensePriorYear |
| Other Expenses Current Year | 104090379 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 304944000 | TotalExpensesPriorYear |
| Total Expenses Current Year | 299444000 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 3767000 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 25521000 | RevenuesLessExpensesCY |
| Total Assets BOY | 416791000 | TotalAssetsBOY |
| Total Assets EOY | 439830000 | TotalAssetsEOY |
| Total Liabilities BOY | 225779000 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 223297000 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 191012000 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 216533000 | NetAssetsOrFundBalancesEOY |
| Mission Description | Embry-Riddle Aeronautical University is an independent, non-profit, coeducational university serving students motivated toward careers in aviation and aerospace. Campuses in Daytona Beach, and Prescott, Arizona provide education in traditional settings, while a network of learning centers throughout the United States and abroad serves civilian and military students through ERAU-Worldwide. Embry-Riddle prepares graduates for productive careers and responsible citizenship with special emphasis on the needs of aviation, aerospace, engineering and related fields. The curriculum emphasizes communication and analytical skills, understanding the free enterprise system, extending the knowledge of aviation and aerospace, promoting ethical behavior, delivering continuing educational opportunities for adults, developing broadly educated individuals, and engaging in research that addresses needs in aviation and aerospace-related industries. See http://www.erau.edu/ for additional information. | MissionDescription |
| Significant New Program Services | 0 | SignificantNewProgramServices |
| Significant Change | 0 | SignificantChange |
| Expense | 219968994 | Expense |
| Grants | 38855000 | Grants |
| Revenue | 324965000 | Revenue |
| Description | Embry-Riddle Aeronautical University provided comprehensive education leading to undergraduate and graduate degrees, seminars, short courses and research activity to 22,806 part-time and full-time students. | Description |
| Total Of Other Program Service Exp | 0 | TotalOfOtherProgramServiceExp |
| Total Of Other Program Service Grnt | 0 | TotalOfOtherProgramServiceGrnt |
| Total Of Other Program Service Rev | 0 | TotalOfOtherProgramServiceRev |
| Total Program Service Expense | 219968994 | TotalProgramServiceExpense |
| Described In501 C3 | 1 | DescribedIn501C3 |
| Schedule B Required | 1 | ScheduleBRequired |
| Political Activities | 0 | PoliticalActivities |
| Lobbying Activities | 1 | LobbyingActivities |
| Donor Advised Funds | 0 | DonorAdvisedFunds |
| Conservation Easements | 0 | ConservationEasements |
| Collections Of Art | 0 | CollectionsOfArt |
| Credit Counseling | 0 | CreditCounseling |
| Term Or Permanent Endowments | 1 | TermOrPermanentEndowments |
| Balance Sheet Amounts Reported | 1 | BalanceSheetAmountsReported |
| Independent Audit Financial Stmt | 1 | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | 0 | ConsolidatedAuditFinancialStmt |
| School | 1 | School |
| Foreign Office | 1 | ForeignOffice |
| Foreign Activities | 1 | ForeignActivities |
| More Than5000 K To Organizations | 0 | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividuals |
| Professional Fundraising | 1 | ProfessionalFundraising |
| Fundraising Activities | 1 | FundraisingActivities |
| Gaming | 0 | Gaming |
| Hospital | 0 | Hospital |
| Grants To Organizations | 0 | GrantsToOrganizations |
| Grants To Individuals | 1 | GrantsToIndividuals |
| Schedule J Required | 1 | ScheduleJRequired |
| Tax Exempt Bonds | 1 | TaxExemptBonds |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBonds |
| Escrow Account | 0 | EscrowAccount |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuer |
| Excess Benefit Transaction | 0 | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | 0 | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | 1 | LoanToOfficerOrDQP |
| Grant To Related Person | 0 | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | 1 | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | 1 | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | 1 | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | 1 | DeductibleNonCashContributions |
| Deductible Contributions Of Art | 1 | DeductibleContributionsOfArt |
| Terminated | 0 | Terminated |
| Partial Liquidation | 0 | PartialLiquidation |
| Disregarded Entity | 1 | DisregardedEntity |
| Related Entity | 1 | RelatedEntity |
| Related Org Controlled Entity | 0 | RelatedOrgControlledEntity |
| Transfers To Exempt Non Chrtbl Org | 0 | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | 0 | ActivitiesConductedPartnership |
| Schedule O Required | 1 | ScheduleORequired |
| Number Forms Transmitted With1096 | 228 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | 1 | ComplianceWithBackupWitholding |
| Number Of Employees | 6335 | NumberOfEmployees |
| Employment Tax Returns Filed | 1 | EmploymentTaxReturnsFiled |
| Unrelated Business Income | 1 | UnrelatedBusinessIncome |
| Form990-T Filed | 1 | Form990-TFiled |
| Foreign Financial Account | 1 | ForeignFinancialAccount |
| Name Of Foreign Country | GM | NameOfForeignCountry |
| Name Of Foreign Country | SN | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTrans |
| Taxable Party Notification | 0 | TaxablePartyNotification |
| Non Deductible Contributions | 0 | NonDeductibleContributions |
| Quid Pro Quo Contributions | 1 | QuidProQuoContributions |
| Quid Pro Quo Disclosure | 1 | QuidProQuoDisclosure |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | 0 | FundsToPayPremiums |
| Premiums Paid | 0 | PremiumsPaid |
| Form8899 Filed | 0 | Form8899Filed |
| Form1098 C Filed | 1 | Form1098CFiled |
| Nbr Voting Governing Body Members | 17 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 17 | NumberIndependentVotingMembers |
| Family Or Business Relationship | 0 | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | 1 | DelegationOfManagementDuties |
| Changes To Organizing Docs | 0 | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuse |
| Members Or Stockholders | 0 | MembersOrStockholders |
| Election Of Board Members | 0 | ElectionOfBoardMembers |
| Decisions Subject To Approval | 0 | DecisionsSubjectToApproval |
| Minutes Of Governing Body | 1 | MinutesOfGoverningBody |
| Minutes Of Committees | 1 | MinutesOfCommittees |
| Officer Mailing Address | 0 | OfficerMailingAddress |
| Local Chapters | 1 | LocalChapters |
| Policies Reference Chapters | 1 | PoliciesReferenceChapters |
| Form990 Provided To Governing Body | 1 | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | 1 | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | 1 | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | 1 | RegularMonitoringEnforcement |
| Whistleblower Policy | 1 | WhistleblowerPolicy |
| Document Retention Policy | 1 | DocumentRetentionPolicy |
| Compensation Process CEO | 1 | CompensationProcessCEO |
| Compensation Process Other | 1 | CompensationProcessOther |
| Investment In Joint Venture | 0 | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | AZ | StatesWhereCopyOfReturnIsFiled |
| States Where Copy Of Return Is Filed | FL | StatesWhereCopyOfReturnIsFiled |
| Own Website | X | OwnWebsite |
| Other Website | X | OtherWebsite |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
Name Business NameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Embry-Riddle Aeronautical University Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Telephone Number | 3862266256 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 South Clyde Morris Boulevard | AddressLine1 |
| City | Daytona Beach | City |
| State | FL | State |
| ZIP Code | 32114 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (29 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | OfficerOfficer | Key EmployeeKeyEmployee | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|---|
| James Henderson | ||||||||
| Board Member | 5 | X | 0 | 0 | 0 | |||
| Mori Hosseini | ||||||||
| Board Member | 5 | X | 0 | 0 | 0 | |||
| Joseph Martin | ||||||||
| Board Member | 3 | X | 0 | 0 | 0 | |||
| Lawrence Clarkson | ||||||||
| Board Member | 3 | X | 0 | 0 | 0 | |||
| Eleanor Baum | ||||||||
| Board Member | 3 | X | 0 | 0 | 0 | |||
| Kenneth Dufour | ||||||||
| Board Member | 3 | X | 0 | 0 | 0 | |||
| Jeffrey Feasel | ||||||||
| Board Member | 2 | X | 0 | 0 | 0 | |||
| James Hagedorn | ||||||||
| Board Member | 3 | X | 0 | 0 | 0 | |||
| Karen Holbrook | ||||||||
| Board Member | 3 | X | 0 | 0 | 0 | |||
| John O'Brien | ||||||||
| Board Member | 3 | X | 0 | 0 | 0 | |||
| Glenn Ritchey | ||||||||
| Board Member | 2 | X | 0 | 0 | 0 | |||
| David Robertson | ||||||||
| Board Member | 2 | X | 0 | 0 | 0 | |||
| Jean Rosanvallon | ||||||||
| Board Member | 2 | X | 0 | 0 | 0 | |||
| Louis Seno | ||||||||
| Board Member | 2 | X | 0 | 0 | 0 | |||
| John Amore | ||||||||
| Board Member | 2 | X | 0 | 0 | 0 | |||
| Ron Keys | ||||||||
| Board Member | 2 | X | 0 | 0 | 0 | |||
| Zane Rowe | ||||||||
| Board Member | 2 | X | 0 | 0 | 0 | |||
| John P Johnson | ||||||||
| President, CEO | 50 | 708505 | 0 | 0 | X | |||
| Eric Weekes | ||||||||
| Senior Executive Vice President, CFO | 40 | 202218 | 0 | 0 | X | |||
| Richard Heist | ||||||||
| Executive Vice President, CAO | 40 | 205358 | 0 | 0 | X | |||
| Martin Smith | ||||||||
| Executive Vice President | 40 | 190810 | 0 | 0 | X | |||
| Daniel Carrell | ||||||||
| Executive Vice President | 40 | 202371 | 0 | 0 | X | |||
| Francis Ayers | ||||||||
| Executive Vice President | 40 | 151855 | 0 | 0 | X | |||
| Tim Brady | ||||||||
| Dean | 40 | 151360 | 0 | 0 | X | |||
| Steven Ridder | ||||||||
| Director of Athletics | 40 | 248690 | 0 | 0 | X | |||
| Maj Mirmirani | ||||||||
| Dean | 40 | 205627 | 0 | 0 | X | |||
| Reda Mankbadi | ||||||||
| Professor | 40 | 190588 | 0 | 0 | X | |||
| Christina Frederick-Recascino | ||||||||
| Vice President | 40 | 192998 | 0 | 0 | X | |||
| Michael Murray | ||||||||
| Vice President and General Counsel | 40 | 172755 | 0 | 0 | X | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 2823135 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 0 | TotalOtherCompensation |
| Number Individuals GT100 K | 155 | NumberIndividualsGT100K |
| Formers Listed | 0 | FormersListed |
| Total Comp GT150 K | 1 | TotalCompGT150K |
| Compensation From Other Sources | 0 | CompensationFromOtherSources |
Contractor Compensation ContractorCompensation (5 entries)
| Address Line1AddressOfContractor/AddressUS/AddressLine1 | CityAddressOfContractor/AddressUS/City | StateAddressOfContractor/AddressUS/State | ZIP CodeAddressOfContractor/AddressUS/ZIPCode | Description Of ServicesDescriptionOfServices | CompensationCompensation |
|---|---|---|---|---|---|
| Brown and Brown Inc | |||||
| PO Box 2412 | Daytona Beach | FL | 32115 | Insurance and Consulting Services | 4938521 |
| Florida Health Care Plan Inc | |||||
| PO Box 9910 | Daytona Beach | FL | 32120 | Insurance Services | 2860169 |
| Sodexo Inc & Affiliates | |||||
| 600 South Clyde Morris Blvd | Daytona Beach | FL | 32114 | Dining Services | 2200605 |
| WFF Facility Services | |||||
| PO Box 958204 | St Louis | MO | 63195 | Cleaning Services | 1159641 |
| Sungard Availability Services | |||||
| PO Box 91233 | Chicago | IL | 60693 | Information Technology Services | 823376 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of Contractors GT100 K | 33 | NumberOfContractorsGT100K |
| Federated Campaigns | 10900 | FederatedCampaigns |
| Membership Dues | 0 | MembershipDues |
| Fundraising Events | 91981 | FundraisingEvents |
| Related Organizations | 0 | RelatedOrganizations |
| Government Grants | 3864000 | GovernmentGrants |
| All Other Contributions | 144119 | AllOtherContributions |
| Noncash Contributions | 838980 | NoncashContributions |
| Total Contributions | 4111000 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | Higher Education | Description |
| Business Code | 611310 | BusinessCode |
| Total Revenue Column | 315611909 | TotalRevenueColumn |
| Related Or Exempt Function Income | 315590321 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 21588 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Total Oth Program Service Revenue TotalOthProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 315611909 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 1702000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1702000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 115000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 115000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Rents GrossRents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2861114 | Real |
| Personal | 0 | Personal |
Less Rental Expenses LessRentalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 0 | Real |
| Personal | 0 | Personal |
Rental Income Or Loss RentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | 2861114 | Real |
| Personal | 0 | Personal |
Net Rental Income Or Loss NetRentalIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 2861114 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1406365 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1454749 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Gross Amount Sales Assets GrossAmountSalesAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 754000 | Other |
Less Cost Oth Basis Sales Expenses LessCostOthBasisSalesExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | 792000 | Other |
Gain Or Loss GainOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | 0 | Securities |
| Other | -38000 | Other |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | -38000 | TotalRevenueColumn |
| Related Or Exempt Function Income | -38000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Fundraising Events | 59698 | GrossIncomeFundraisingEvents |
| Cntrbtns Rprtd Fundraising Events | 91981 | CntrbtnsRprtdFundraisingEvents |
| Fundraising Direct Expenses | 21721 | FundraisingDirectExpenses |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 37977 | TotalRevenueColumn |
| Related Or Exempt Function Income | 37977 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Income Gaming | 0 | GrossIncomeGaming |
| Gaming Direct Expenses | 0 | GamingDirectExpenses |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
| Related Or Exempt Function Income | 0 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | 2323000 | GrossSalesOfInventory |
| Cost Of Goods Sold | 1759000 | CostOfGoodsSold |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 564000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 564000 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 0 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 324965000 | TotalRevenueColumn |
| Related Or Exempt Function Income | 319377663 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 1476337 | UnrelatedBusinessRevenue |
| Exclusion | $0 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 40645000 | Total |
| Program Services | 40645000 | ProgramServices |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1812000 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 1812000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 117573000 | Total |
| Program Services | 92313000 | ProgramServices |
| Management And General | 24282000 | ManagementAndGeneral |
| Fundraising | 978000 | Fundraising |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 6880000 | Total |
| Program Services | 5297000 | ProgramServices |
| Management And General | 1514000 | ManagementAndGeneral |
| Fundraising | 69000 | Fundraising |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 18959000 | Total |
| Program Services | 14598000 | ProgramServices |
| Management And General | 4171000 | ManagementAndGeneral |
| Fundraising | 190000 | Fundraising |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 9431000 | Total |
| Program Services | 7293000 | ProgramServices |
| Management And General | 2061000 | ManagementAndGeneral |
| Fundraising | 77000 | Fundraising |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 672000 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 672000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 170000 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 170000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 274836 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 274836 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 53621 | Total |
| Fundraising | 53621 | Fundraising |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 72500 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 72500 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 20818043 | Total |
| Program Services | 11453994 | ProgramServices |
| Management And General | 9280956 | ManagementAndGeneral |
| Fundraising | 83093 | Fundraising |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1898000 | Total |
| Program Services | 1692000 | ProgramServices |
| Management And General | 206000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5722000 | Total |
| Program Services | 2664000 | ProgramServices |
| Management And General | 3038000 | ManagementAndGeneral |
| Fundraising | 20000 | Fundraising |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 2710000 | Total |
| Program Services | 1229000 | ProgramServices |
| Management And General | 1480000 | ManagementAndGeneral |
| Fundraising | 1000 | Fundraising |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 12000 | Total |
| Program Services | 8000 | ProgramServices |
| Management And General | 4000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5903000 | Total |
| Program Services | 2729000 | ProgramServices |
| Management And General | 3174000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5203000 | Total |
| Program Services | 3672000 | ProgramServices |
| Management And General | 1431000 | ManagementAndGeneral |
| Fundraising | 100000 | Fundraising |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 512000 | Total |
| Program Services | 268000 | ProgramServices |
| Management And General | 240000 | ManagementAndGeneral |
| Fundraising | 4000 | Fundraising |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 8168000 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 8168000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
| Program Services | 0 | ProgramServices |
| Management And General | 0 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 21929000 | Total |
| Program Services | 17716000 | ProgramServices |
| Management And General | 4213000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 4753000 | Total |
| Program Services | 2358000 | ProgramServices |
| Management And General | 2395000 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Other Expenses OtherExpenses (5 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| Fuel and Oil | 3062000 | 2925000 | 137000 | 0 |
| Equipment Rental | 14235000 | 8154000 | 6080000 | 1000 |
| Rent | 5198000 | 2863000 | 2335000 | 0 |
| Miscellaneous | 2556000 | 1869000 | 652000 | 35000 |
| Loan Programs | 222000 | 222000 | 0 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 299444000 | Total |
| Program Services | 219968994 | ProgramServices |
| Management And General | 77863292 | ManagementAndGeneral |
| Fundraising | 1611714 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 62254000 | BOY |
| EOY | 97431000 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4780000 | BOY |
| EOY | 4692000 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8053804 | BOY |
| EOY | 8012019 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1206196 | BOY |
| EOY | 868981 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11862000 | BOY |
| EOY | 12297000 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2737000 | BOY |
| EOY | 2568000 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 3894000 | BOY |
| EOY | 2036000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 426404000 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 213498000 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 224562000 | BOY |
| EOY | 212906000 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 90363000 | BOY |
| EOY | 91679000 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 7079000 | BOY |
| EOY | 7340000 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 416791000 | BOY |
| EOY | 439830000 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 33074000 | BOY |
| EOY | 33336000 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 4666000 | BOY |
| EOY | 4719000 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 171021000 | BOY |
| EOY | 167885000 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2266000 | BOY |
| EOY | 2023000 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14752000 | BOY |
| EOY | 15334000 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 225779000 | BOY |
| EOY | 223297000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 170811000 | BOY |
| EOY | 192025000 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 8352000 | BOY |
| EOY | 11092000 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 11849000 | BOY |
| EOY | 13416000 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 191012000 | BOY |
| EOY | 216533000 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 416791000 | BOY |
| EOY | 439830000 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | 0 | AccountantCompileOrReview |
| FS Audited | 1 | FSAudited |
| Audit Committee | 1 | AuditCommittee |
| Financial Statement Separate | X | FinancialStatementSeparate |
| Federal Grant Audit Required | 1 | FederalGrantAuditRequired |
| Federal Grant Audit Performed | 1 | FederalGrantAuditPerformed |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School170b1 Aii | X | School170b1Aii |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule C IRS990ScheduleC
| Field | Value | IRS element (for citing) |
|---|---|---|
| Volunteers | 0 | Volunteers |
| Paid Staff Or Management | 1 | PaidStaffOrManagement |
| Media Advertisements | 0 | MediaAdvertisements |
| Mailings Members | 0 | MailingsMembers |
| Publications Or Broadcast | 1 | PublicationsOrBroadcast |
| Publications Or Broadcast | $500 | PublicationsOrBroadcastAmount |
| Grants Other Organizations | 0 | GrantsOtherOrganizations |
| Direct Contact Legislators | 1 | DirectContactLegislators |
| Direct Contact Legislators | $334,536 | DirectContactLegislatorsAmount |
| Rallies Demonstrations | 0 | RalliesDemonstrations |
| Other Activities | 0 | OtherActivities |
| Total Lobbying Expenditures IIB | 335036 | TotalLobbyingExpendituresIIB |
| Not Described In501c3 | 0 | NotDescribedIn501c3 |
Form990 Schedule C Part IV Form990ScheduleCPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchC_P2B_S00_L01 | Identifier |
| Return Reference | Schedule C, Part II-B, Line 1 | ReturnReference |
| Explanation | The University retains lobbying firms at the state and federal levels. Within the state, our lobbying activity is primarily done in support of the Florida Resident Access Grant program (FRAG), a program that provides a scholarship to students in engineering programs at private institutions. A number of our undergraduates rely on this grant to support their education. At the federal level, our lobbying activity focuses on support of our research centers and other educational initiatives. Some federal initiatives we have worked on in the past year include: garnering continued support for a NASA Teacher Resource Center at our Prescott, Arizona Campus, and obtaining funding for unmanned systems research project in partnership with NOAA. In addition to program advocacy, our federal lobbying efforts also focus on advocating for policy development within the FAA that will positively impact our students, as they progress through pilot or air traffic management educational programs - two areas heavily regulated by the Federal Aviation Administration. We work to make the FAA aware of how potential policy changes affect our collegiate training programs. | Explanation |
Schedule D IRS990ScheduleD
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 40964000 | BeginningOfYearBalance |
| Contributions | 1574000 | Contributions |
| Investment Earnings Or Losses | 6390000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 731000 | GrantsOrScholarships |
| Other Expenditures | 0 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 48197000 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 49572000 | BeginningOfYearBalance |
| Contributions | 451000 | Contributions |
| Investment Earnings Or Losses | -8243000 | InvestmentEarningsOrLosses |
| Grants Or Scholarships | 816000 | GrantsOrScholarships |
| Other Expenditures | 0 | OtherExpenditures |
| Administrative Expenses | 0 | AdministrativeExpenses |
| End Of Year Balance | 40964000 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 0.66 | BoardDesignatedEOYBalance |
| Permanent Endowment EOY Balance | 0.34 | PermanentEndowmentEOYBalance |
| Term Endowment EOY Balance | 0 | TermEndowmentEOYBalance |
| Endowments Held By Unrelated Orgs | 0 | EndowmentsHeldByUnrelatedOrgs |
| Endowments Held By Related Orgs | 0 | EndowmentsHeldByRelatedOrgs |
Land Land
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 9245000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Book Value | 9245000 | BookValue |
Buildings Buildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 264268000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 100013000 | Depreciation |
| Book Value | 164255000 | BookValue |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 0 | Depreciation |
| Book Value | 0 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 118155000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 95529000 | Depreciation |
| Book Value | 22626000 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 34736000 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 0 | OtherCostOrOtherBasis |
| Depreciation | 17956000 | Depreciation |
| Book Value | 16780000 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 212906000 | TotalOfBookValueLandBuildings |
Other Securities OtherSecurities (2 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| Mutual Funds | 64231000 | F |
| Deposits with Fiduciaries | 27448000 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Securities | 91679000 | TotalOfBookValueSecurities |
Other Assets OtherAssets (2 entries)
| DescriptionDescription | Book ValueBookValue |
|---|---|
| Unamortized bond issue costs | 6239000 |
| Other assets | 1101000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | 7340000 | TotalBookValueOtherAssets |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
Other Liabilities OtherLiabilities (2 entries)
| DescriptionDescription | AmountAmount |
|---|---|
| Advances for student loans and financial aid | $9,823,000 |
| Student deposits and advance payments | $5,511,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Amounts | 15334000 | TotalOfAmounts |
| Total Revenue | 324965000 | TotalRevenue |
| Total Expenses | 299444000 | TotalExpenses |
| Excess Or Deficit For Year | 25521000 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | 0 | NetUnrealizedGLOnInvestments |
| Donated Services And Facilities | 0 | DonatedServicesAndFacilities |
| Investment Expenses | 0 | InvestmentExpenses |
| Prior Period Adjustments | 0 | PriorPeriodAdjustments |
| Other | $0 | OtherAmount |
| Total Adjustments | 0 | TotalAdjustments |
| Excess Or Deficit Per FS | 25521000 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 285968000 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | 0 | NetUnrealizedGainsInvestments |
| Donated Srvc And Use Of Facilities | 0 | DonatedSrvcAndUseOfFacilities |
| Recoveries Of Prior Year Grants | 0 | RecoveriesOfPriorYearGrants |
| Other Revenues | 0 | OtherRevenues |
| Revenue Not Rptd F990 | 0 | RevenueNotRptdF990 |
| Revenue Subtotal | 285968000 | RevenueSubtotal |
| Investment Expenses Not Included | 0 | InvestmentExpensesNotIncluded |
| Other Revenues Not Included | 38997000 | OtherRevenuesNotIncluded |
| Revenue Not Rptd On Fin Stmt | 38997000 | RevenueNotRptdOnFinStmt |
| Total Revenue Per Form990 | 324965000 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 260447000 | TotExpensesEtcAuditedFinclStmt |
| Donated Services Use Of Facilities | 0 | DonatedServicesUseOfFacilities |
| Prior Year Adjustments | 0 | PriorYearAdjustments |
| Losses Reported | 0 | LossesReported |
| Other Expenses Included | 0 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 0 | ExpensesNotRptdF990 |
| Expenses Subtotal | 260447000 | ExpensesSubtotal |
| Investment Expenses Not Included2 | 0 | InvestmentExpensesNotIncluded2 |
| Other Expenses Not Included | 38997000 | OtherExpensesNotIncluded |
| Expenses Not Rptd On Fin Stmt | 38997000 | ExpensesNotRptdOnFinStmt |
| Total Expenses Per Form990 | 299444000 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (4 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| SchD_P05_S00_L04 | Schedule D, Part V, Line 4 | Endowment funds are used primarily for student scholarships. |
| SchD_P10_S00_L00 | Schedule D, Part X | Description of Tax Positions: I. Continued Qualification as a 501(c) (3) Tax-Exempt Organization: Embry-Riddle Aeronautical University is a tax-exempt educational institution organized as described in Section 501(c)(3) of the Internal Revenue Code. The University is an independent, nonsectarian, not-for-profit coeducational university serving culturally diverse students. Embry-Riddle Aeronautical University continues to be organized and operated consistent with the requirements of section 501(c)(3) tax exempt organization. To protect the University's tax exempt status and provide guidance to its employees and representatives, the University has adopted several policies, which can be found in the Administrative Policies and Procedures Manual (APPM). The University has adopted APPM 1.6 (Political Activities Policy) which prohibits political campaign activity on University property and the use of property or resources for this purpose. To further protect this tax exempt status, the University has adopted APPM 1.5 (Lobbying Policy), with all Lobbying activity coordinated through the Vice President, Academics and Research. Amounts paid for lobbying are insignificant and reviewed annually through the 990 preparation process. The University addresses private inurnment issues through APPM 1.3.1 (Conflict of Interest Policy), which applies to employees and contains a Board of Trustee Supplement. Unrelated business income is reviewed annually and reported on the annual IRS 990T. The University's unrelated business income is related to the rental of real property for cell phone tower use and the provision of maintenance, custodial, and other services in conjunction with the rental of property to the FAA. This income is partially offset by expenses and is insignificant. Our conclusion is that the University's qualification as a 501(c)(3) tax exempt organization will more likely than not be sustained upon examination by tax authorities. II. Public Charity Status as a Private School under 170(b)(1)(A)(ii). The University is an independent, nonsectarian, not-for-profit coeducational university serving culturally diverse students seeking careers in aviation, aerospace, business, engineering, and related fields. Embry-Riddle Aeronautical University is accredited by the Commission on Colleges of the Southern Association of Colleges and Schools to award degrees at the associate, bachelor, and master levels. Several approved policies in place ensure no discrimination based on race, gender, age, religion, etc. APPM 8.3.10 (Harassment and Nondiscrimination Policy) and APPM 1.22 (Privacy Policy) applies to employees and students at all University locations and complies with federal and state laws. For fiscal year 2010, total undergraduate enrollment at the two residential campuses was 6080, graduate enrollment was 551, total full time faculty was 453, total part time faculty was 2873, and total staff members were 1,398. Students have 35 degree programs to choose from at two residential campuses and more than 130 Worldwide Campus locations. Total degrees awarded in 2009/2010 were 5,277. Our conclusion is that the University's qualification as a public charity under 170(b)(1)(A)(ii) will more likely than not be sustained upon examination by tax authorities. III. Taxation of Revenue - Major Sources of Revenue are Related to Exempt Purpose: The University's major sources of revenue are related to its exempt purpose - educating students. Student tuition and fee revenue are the largest source of revenue at 87.29%. Student related revenue for Bookstore, Food Service and Housing is at 7.33%, for a total of 94.31% of all revenue sources being directly related to educating students. Revenue and expenses related to these functions are captured in individual cost centers and reported at a functional level for each campus. Unrelated business income is not significant, but is accumulated in cost centers that also capture the cost of delivering that service and reported annually on the University's 990T. Our conclusion is that the University's major sources of revenue are related to its tax exempt status and thus not taxable. This tax exempt status will more likely than not be sustained upon examination by tax authorities. |
| SchD_P12_S00_L04b | Schedule D, Part XII, Line 4b | The following amounts are reported as contra-revenue on the financial statements; $38,855,000 of Institutionally Funded Scholarship expenses and $142,000 of non-operating expense activities. |
| SchD_P13_S00_L04b | Schedule D, Part XIII, Line 4b | $38,855,000 of Institutionally Funded Scholarship expenses were reported on the financial statements as a contra-revenue amount. $142,000 of expenses were reported on the financial statements in Other Nonoperating activities. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | 1 | NondiscriminatoryPolicyStmt |
| Policy Statement In Brochures Etc | 1 | PolicyStatementInBrochuresEtc |
| Policy Publ Via Broadcast Media | 1 | PolicyPublViaBroadcastMedia |
| Pub Via Broadcast Media Expln | The University publicizes its non-discrimination policy at multiple locations of the University's website, including the following pages: Admissions, Transfer Students, Student Life, Career Services, and University Diversity. The non-discrimination policy is also published on the undergraduate applications (in both hard copy and electronic formats), in the Student Catalog, on University Information CD's, and in the University Values statement. | PubViaBroadcastMediaExpln |
| Maint Racial Composition Records | 1 | MaintRacialCompositionRecords |
| Maint Scholarships Records | 1 | MaintScholarshipsRecords |
| Maint Copies Of Brochures Etc | 1 | MaintCopiesOfBrochuresEtc |
| Maint Copies Of All Solicitations | 1 | MaintCopiesOfAllSolicitations |
| Discriminate Race Students Rights | 0 | DiscriminateRaceStudentsRights |
| Discriminate Race Admiss Policies | 0 | DiscriminateRaceAdmissPolicies |
| Discriminate Race Emplmn Faculty | 0 | DiscriminateRaceEmplmnFaculty |
| Discriminate Race Scholarships | 0 | DiscriminateRaceScholarships |
| Discriminate Race Educ Policies | 0 | DiscriminateRaceEducPolicies |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFclts |
| Discriminate Race Athletic Prog | 0 | DiscriminateRaceAthleticProg |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActy |
| Government Financial Aid Received | 1 | GovernmentFinancialAidReceived |
| Government Financial Aid Revoked | 0 | GovernmentFinancialAidRevoked |
| Govt Financial Aid Explanation | The University receives financial assistance from Federal and State agencies for student financial aid and academic research. | GovtFinancialAidExplanation |
| Compliance With Rev Proc7550 | 1 | ComplianceWithRevProc7550 |
Schedule F IRS990ScheduleF
Accts Actvs Out US Table AcctsActvsOutUSTable (2 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| East Asia and the Pacific | 1 | 2 | Program Services | Higher Education | 22787 |
| Europe (including Iceland and Greenland) | 1 | 2 | Program Services | Higher Education | 125587 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Offices | 2 | TotalNumberOfOffices |
| Total Number Of Employees | 4 | TotalNumberOfEmployees |
| Total Amount Spent | 148374 | TotalAmountSpent |
Schedule G IRS990ScheduleG
| Field | Value | IRS element (for citing) |
|---|---|---|
| Mail Solicitations | X | MailSolicitations |
| Email Solicitations | X | EmailSolicitations |
| Phone Solicitations | X | PhoneSolicitations |
| In Person Solicitations | X | InPersonSolicitations |
| Solicitation Of Non Govt Grants | X | SolicitationOfNonGovtGrants |
| Solicitation Of Govt Grants | X | SolicitationOfGovtGrants |
| Special Fundraising Events | X | SpecialFundraisingEvents |
| Agreement Ref Fundraising | 1 | AgreementRefFundraising |
Fundraiser Activity Information FundraiserActivityInformation
Name Of Organization NameOfOrganization
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Aria Calls and Cards | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Activity | Coordinates telephone fundraising activities | Activity |
| Fundraiser Control Of Funds | 1 | FundraiserControlOfFunds |
| Gross Receipts | 55813 | GrossReceipts |
| Amount Retained By Contractor | 53621 | AmountRetainedByContractor |
| Net To Organization | 2192 | NetToOrganization |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Gross Receipts | 55813 | TotalGrossReceipts |
| Total Retained By Contractors | 53621 | TotalRetainedByContractors |
| Total Net To Organization | 2192 | TotalNetToOrganization |
| All States | All States | AllStates |
Events Information EventsInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Event1 | Blue/Gold Gala | NameOfEvent1 |
| Gross Receipts Event1 | 124997 | GrossReceiptsEvent1 |
| Charitable Contributions Event1 | 78342 | CharitableContributionsEvent1 |
| Gross Revenue Event1 | 46655 | GrossRevenueEvent1 |
| Cash Prizes Event1 | 0 | CashPrizesEvent1 |
| Non Cash Prizes Event1 | 0 | NonCashPrizesEvent1 |
| Rent Facility Costs Event1 | 0 | RentFacilityCostsEvent1 |
| Food And Beverage Event1 | 0 | FoodAndBeverageEvent1 |
| Entertainment Event1 | 0 | EntertainmentEvent1 |
| Other Direct Expenses Event1 | 12228 | OtherDirectExpensesEvent1 |
| Name Of Event2 | Golf Tournament | NameOfEvent2 |
| Gross Receipts Event2 | 26682 | GrossReceiptsEvent2 |
| Charitable Contributions Event2 | 13639 | CharitableContributionsEvent2 |
| Gross Revenue Event2 | 13043 | GrossRevenueEvent2 |
| Cash Prizes Event2 | 0 | CashPrizesEvent2 |
| Non Cash Prizes Event2 | 0 | NonCashPrizesEvent2 |
| Rent Facility Costs Event2 | 8451 | RentFacilityCostsEvent2 |
| Food And Beverage Event2 | 0 | FoodAndBeverageEvent2 |
| Entertainment Event2 | 0 | EntertainmentEvent2 |
| Other Direct Expenses Event2 | 1043 | OtherDirectExpensesEvent2 |
| Total Number Of Other Events | 0 | TotalNumberOfOtherEvents |
| Gross Receipts Total | 151679 | GrossReceiptsTotal |
| Charitable Contributions Total | 91981 | CharitableContributionsTotal |
| Gross Revenue Total Events | 59698 | GrossRevenueTotalEvents |
| Cash Prizes Total Events | 0 | CashPrizesTotalEvents |
| Non Cash Prizes Total Events | 0 | NonCashPrizesTotalEvents |
| Rent Facility Costs Total Events | 8451 | RentFacilityCostsTotalEvents |
| Food And Beverage Total Events | 0 | FoodAndBeverageTotalEvents |
| Entertainment Total Events | 0 | EntertainmentTotalEvents |
| Other Direct Expenses Total Events | 13271 | OtherDirectExpensesTotalEvents |
| Direct Expense Summary Events | 21722 | DirectExpenseSummaryEvents |
| Net Income Summary | 37976 | NetIncomeSummary |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | 1 | RecordsMaintained |
Form990 Schedule I Part III Form990ScheduleIPartIII (3 entries)
| Type Of GrantTypeOfGrant | Number Of RecipientsNumberOfRecipients | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Tuition Waivers | 141 | 2150000 |
| Scholarships | 6873 | 35356000 |
| Grants in Aid | 350 | 3139000 |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchI_P01_S00_L02 | Identifier |
| Return Reference | Schedule I, Part I, Line 2 | ReturnReference |
| Explanation | All expenditures | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | X | FirstClassOrCharterTravel |
| Travel For Companions | X | TravelForCompanions |
| Idemnification Gross Up Payments | X | IdemnificationGrossUpPayments |
| Housing Allowance Or Residence | X | HousingAllowanceOrResidence |
| Club Dues Or Fees | X | ClubDuesOrFees |
| Written Policy Re T And E Expenses | 1 | WrittenPolicyReTAndEExpenses |
| Substantiation Required | 1 | SubstantiationRequired |
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Compensation Survey | X | CompensationSurvey |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | 0 | SeverancePayment |
| Supplemental Nonqual Retire Plan | 0 | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | 0 | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | 0 | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | 0 | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | 0 | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | 0 | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | 0 | AnyNonFixedPayments |
| Initial Contract Exception | 0 | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (12 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| John P Johnson | |||||||||||||
| 298140 | 0 | 0 | 0 | 410365 | 0 | 11077 | 0 | 17856 | 0 | 737438 | 0 | 494113 | 0 |
| Eric Weekes | |||||||||||||
| 195420 | 0 | 6798 | 0 | 0 | 0 | 7200 | 0 | 7908 | 0 | 217326 | 0 | 219272 | 0 |
| Richard Heist | |||||||||||||
| 198560 | 0 | 6798 | 0 | 0 | 0 | 7385 | 0 | 13812 | 0 | 226555 | 0 | 230545 | 0 |
| Martin Smith | |||||||||||||
| 190810 | 0 | 0 | 0 | 0 | 0 | 15540 | 0 | 15811 | 0 | 222161 | 0 | 224948 | 0 |
| Daniel Carrell | |||||||||||||
| 202371 | 0 | 0 | 0 | 0 | 0 | 16308 | 0 | 6925 | 0 | 225604 | 0 | 203340 | 0 |
| Francis Ayers | |||||||||||||
| 151855 | 0 | 0 | 0 | 0 | 0 | 11648 | 0 | 300 | 0 | 163803 | 0 | 0 | 0 |
| Tim Brady | |||||||||||||
| 129968 | 0 | 0 | 0 | 21392 | 0 | 5642 | 0 | 13812 | 0 | 170814 | 0 | 178593 | 0 |
| Steven Ridder | |||||||||||||
| 156887 | 0 | 37500 | 0 | 54303 | 0 | 5815 | 0 | 17856 | 0 | 272361 | 0 | 285898 | 0 |
| Maj Mirmirani | |||||||||||||
| 205627 | 0 | 0 | 0 | 0 | 0 | 15120 | 0 | 300 | 0 | 221047 | 0 | 205741 | 0 |
| Reda Mankbadi | |||||||||||||
| 184206 | 0 | 0 | 0 | 6382 | 0 | 7036 | 0 | 17856 | 0 | 215480 | 0 | 252073 | 0 |
| Christina Frederick-Recascino | |||||||||||||
| 186200 | 0 | 6798 | 0 | 0 | 0 | 6831 | 0 | 300 | 0 | 200129 | 0 | 0 | 0 |
| Michael Murray | |||||||||||||
| 172755 | 0 | 0 | 0 | 0 | 0 | 12960 | 0 | 11617 | 0 | 197332 | 0 | 0 | 0 |
Form990 Schedule J Part III Form990ScheduleJPartIII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | SchJ_P01_S00_L01a | Identifier |
| Return Reference | Schedule J, Part I, Line 1a | ReturnReference |
| Explanation | First class or charter travel - For the President and his wife as approved by the compensation committee of the Board of Trustees and stated in President's employment contract given that it is customary for people serving in those positions to travel in first class. Cabinet members may also travel in first class but must be approved in advance by the President. When it is not feasible to travel commercial, charter travel may be used as approved by the President. Travel for Companions - Companions of Cabinet members when they participate in ERAU business and/or fund raising and when approved in advance by the President. President's wife when traveling for business related and/or fund raising purposes and as stated in President's employment contract. Tax indemnification and gross-up payments - For the President as approved by the compensation committee of the Board of Trustees and stated in the President's employment contract. Payments are reported on Part II, Column Biii. Housing allowance or residence for personal use - Housing allowance for the President as approved by the compensation committee of the Board of Trustees and stated in President's employment contract. Housing allowance for the Director of Athletics/Head Basketball Coach and as stated in his employment contract. This is treated as fully taxable compensation and are reported on Part II, Column Biii. 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 fund raising purposes. Dues for the Chief Development Officer, Executive Vice President/Chief Academic Officer and Chief Financial Officer as approved by the President for business and fund raising purposes. | Explanation |
Schedule K IRS990ScheduleK
Form990 Schedule K Part I Form990ScheduleKPartI (4 entries)
| Issuer EINIssuerEIN | CUSIP NumberCUSIPNumber | Date IssuedDateIssued | Issue PriceIssuePrice | Description Of PurposeDescriptionOfPurpose | DefeasedDefeased | On Behalf Of IssuerOnBehalfOfIssuer |
|---|---|---|---|---|---|---|
| Volusia County Educational Facilities Authority | ||||||
| 800000613 | 000928836 | 2003-08-21 | 39531252 | Capital Improvements and Refund 1992 Bonds | 0 | 0 |
| Volusia County Educational Facilities Authority | ||||||
| 800000613 | 928836JK2 | 2005-08-18 | 54960719 | Capital Improvements | 0 | 0 |
| Volusia County Educational Facilities Authority | ||||||
| 590624416 | 1999-07-13 | 43283968 | Capital Improvements and Refund 1992 Bonds | 0 | 0 | |
| Volusia County Educational Facilities Authority | ||||||
| 800000613 | 928836JK2 | 2005-08-18 | 49583229 | Refund 1996 Bonds | 0 | 0 |
Form990 Schedule K Part II Form990ScheduleKPartII (4 entries)
| Total ProceedsTotalProceeds | Amount In Reserve FundAmountInReserveFund | Amount DefeasedAmountDefeased | Amount UnspentAmountUnspent | Issuance Costs From ProceedsIssuanceCostsFromProceeds | Working Capital ExpendituresWorkingCapitalExpenditures | Capital ExpendituresCapitalExpenditures | Current RefundingCurrentRefunding | Advance RefundingAdvanceRefunding | Final Allocation MadeFinalAllocationMade | Adequate Books And Recds MaintaindAdequateBooksAndRecdsMaintaind | Year Of Subst CompletionYearOfSubstCompletion |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 39531252 | 1078880 | 14306189 | 0 | 1918282 | 0 | 22227902 | 1 | 0 | 1 | 1 | |
| 54960719 | 4415924 | 0 | 6805057 | 2058862 | 0 | 41680876 | 0 | 0 | 0 | 1 | 2010 |
| 43283968 | 2013940 | 28981442 | 0 | 1274424 | 0 | 11014163 | 0 | 1 | 1 | 1 | |
| 49583229 | 3983859 | 43740473 | 0 | 1858896 | 0 | 0 | 0 | 1 | 1 | 1 |
Form990 Schedule K Part III Form990ScheduleKPartIII (2 entries)
| Owning Bond Financed PropertyOwningBondFinancedProperty | Any Lease ArrangementsAnyLeaseArrangements | Mngment Cntrct Bond Financd PrprtyMngmentCntrctBondFinancdPrprty | Any Research AgreementsAnyResearchAgreements | Bond Counsel Routinely EngagedBondCounselRoutinelyEngaged | Prcntge Prvt Business Use By OthersPrcntgePrvtBusinessUseByOthers | Percentage Of Prvt Business Re UBIPercentageOfPrvtBusinessReUBI | Total Private Business UseTotalPrivateBusinessUse | Post Issuance Compliance ProcdrsPostIssuanceComplianceProcdrs |
|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 1 | 1 | 1 | 0 | 0.0146 | 0.0146 | 1 |
| 0 | 0 | 1 | 1 | 1 | 0 | 0.0073 | 0.0073 | 1 |
Form990 Schedule K Part IV Form990ScheduleKPartIV (4 entries)
| Form8038 T FiledForm8038TFiled | Variable Rate IssueVariableRateIssue | Hedge Identified In Books And RecdsHedgeIdentifiedInBooksAndRecds | Gross Proceeds Invested In GICGrossProceedsInvestedInGIC | Gross Proceeds InvestedGrossProceedsInvested | Exception To RebateExceptionToRebate |
|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Loan Table LoanTable (2 entries)
| Purpose Of LoanPurposeOfLoan | Loan From OrganizationLoanFromOrganization | Original PrincipalOriginalPrincipalAmount | Balance DueBalanceDue | DefaultDefault | Approved By BoardApprovedByBoard | Written AgreementWrittenAgreement |
|---|---|---|---|---|---|---|
| John P Johnson | ||||||
| Acquisition of residence | X | $1,000,000 | 666666 | 0 | 1 | 1 |
| Steve Ridder | ||||||
| Bridge loan for residence | X | $205,000 | 202981 | 0 | 1 | 1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | 869647 | TotalBalanceDue |
Form990 Schedule L Part IV Form990ScheduleLPartIV (4 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Brown and Brown Inc | |||
| Trustee Henderson is a principal of Brown and Brown. | 28800 | Consultant for health insurance coverage for ERAU. These services were provided at fair value in the ordinary course of business. | 0 |
| Brown and Brown Inc | |||
| Trustee Henderson is a principal of Brown and Brown. | 4909721 | Approximately $390,000 were fees for services as consultant and commissions for property and casualty insurance coverage. The remainder were premiums passed through to insurance providers. These services were provided at fair value in the ordinary course of business. | 0 |
| Intervest Construction Inc | |||
| Trustee Hosseini is a principal of Intervest Construction. | 415243 | Approximately $300,000 were lease payments for office space and approximately $115,000 were reimbursements for other expenses. These services were provided at fair value in the ordinary course of business. | 0 |
| Jay Adams | |||
| Former Board Member | 82792 | Family member of former Board Member is working for ERAU. The payments were for employee compensation. | 0 |
Schedule M IRS990ScheduleM
Works Of Art WorksOfArt
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 6 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 11555 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Sale of Comparable Items | MethodOfDeterminingRevenues |
Clothing And Household Goods ClothingAndHouseholdGoods
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Noncash Contribs Rptd F990 | 8126 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost of Donated Property | MethodOfDeterminingRevenues |
Cars And Other Vehicles CarsAndOtherVehicles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 23000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost of Donated Property | MethodOfDeterminingRevenues |
Boats And Planes BoatsAndPlanes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 1 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 25000 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost of Donated Property | MethodOfDeterminingRevenues |
Intellectual Property IntellectualProperty
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 2 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 189365 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost of Donated Property | MethodOfDeterminingRevenues |
Securities Publicly Traded SecuritiesPubliclyTraded
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 10 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 499897 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Selling Price of Donated Property | MethodOfDeterminingRevenues |
Collectibles Collectibles
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 8 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 1670 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Sale of Comparable Properties | MethodOfDeterminingRevenues |
Food Inventory FoodInventory
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | X | NonCashCheckbox |
| Number Of Contributions | 9 | NumberOfContributions |
| Noncash Contribs Rptd F990 | 6212 | NoncashContribsRptdF990 |
| Method Of Determining Revenues | Cost of Donated Property | MethodOfDeterminingRevenues |
Other Non Cash Contributions Table OtherNonCashContributionsTable (2 entries)
| Non Cash CheckboxNonCashCheckbox | DescriptionDescription | Number Of ContributionsNumberOfContributions | Noncash Contribs Rptd F990NoncashContribsRptdF990 | Method Of Determining RevenuesMethodOfDeterminingRevenues |
|---|---|---|---|---|
| X | Other - Equipment | 4 | 44524 | Cost of Donated Property |
| X | Other Gift Certificates and Tickets | 124 | 29631 | Cost of Donated Property |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Number Of8283 Received | 0 | NumberOf8283Received |
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeld |
| Review Process Unusual NC Gifts | 1 | ReviewProcessUnusualNCGifts |
| Third Parties Used | 0 | ThirdPartiesUsed |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (6 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| F990_P06_S0A_L03 | Form 990, Part VI, Section A, Line 3 | The University's Prescott Campus delegated responsibility for building and grounds maintenance to a contractor, Sodexo LLC with which it has an extensive and complex business relationship. |
| F990_P06_S0B_L11 | Form 990, Part VI, Section B, Line 11 | Form 990 was completed by University staff and forwarded to the Audit Committe of the Board of Trustees of Embry-Riddle Aeronautical University. The Audit Committee met and reviewed the form and University staff were invited to participate in order to answer questions. At the end of the session, the Audit Committe voted to approve the 990. After the meeting, a copy of the 990 was sent to the entire University's Board of Trustees. After allowing the Trustees time to review the form and ask questions, any material changes were incorporated into the document. The finalized document was then filed with the IRS. |
| F990_P06_S0B_L12c | Form 990, Part VI, Section B, Line 12c | The University's Internal Audit Department annually sends out and receives conflict of interest disclosure forms from University employees. Moreover, actual or potential conflicts of interest are reviewed, evaluated and monitored by the University's Office of General Counsel. Conflicts are either resolved or forwarded to Human Resources and the particular employee's supervisory chain of command for disciplinary action for an unresolved conflict of interest. |
| F990_P06_S0B_L15 | Form 990, Part VI, Section B, Line 15 | The University's Vice President of Human Resources and President review comparability data for all University top management employees, and the President is required to approve all salaries at or above $100,000.00. The Vice President of Human Resources provides salary and benefit comparability data to the Chairman of the Board of Trustees who reviews that data with the Executive Committee of the Board of Trustees in relation to salary and benefits of the President and CEO. |
| F990_P06_S0C_L19 | Form 990, Part VI, Section C, Line 19 | The University makes its governing documents, conflict of interest policy and financial statements available to the public upon request. |
| SchK_P02_S00_L05 | Schedule K, Part II, Line 5 | Issuance Costs from Proceeds; A - $1,274,424 includes $508,836 used for bond issuance costs and $765,588 used for credit enhancement; B - $1,918,282 includes $532,768 used for bond issuance costs and $1,385,514 used for credit enhancement; C - $2,058,862 includes $354,198 used for bond issuance costs and $1,704,664 used for credit enhancement; D - $1,858,896 includes $321,020 used for bond issuance costs and $1,537,876 used for credit enhancement. |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI (2 entries)
| Address Line1AddressForeign/AddressLine1 | CityAddressForeign/City | CountryAddressForeign/Country | Postal CodeAddressForeign/PostalCode | Primary ActivitiesPrimaryActivities | Legal Domicile Foreign CountryLegalDomicileForeignCountry | Total IncomeTotalIncome | EOY AssetsEOYAssets | Direct Controlling Entity NADirectControllingEntityNA |
|---|---|---|---|---|---|---|---|---|
| ERAU Deutschland GmbH | ||||||||
| Zimmerstr 23 | Berlin | GM | 10969 | Higher Education | GM | 0 | 116390 | N/A |
| Embry-Riddle Aeronautical University Singapore | ||||||||
| 45 Tampines Avenue 1 06-12 | Temasek Green | SN | 529763 | Higher Education | SN | 0 | 285646 | N/A |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ERAU HOLDINGS INC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 600 SOUTH CLYDE MORRIS BLVD | AddressLine1 |
| City | DAYTONA BEACH | City |
| State | FL | State |
| ZIP Code | 32114 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 061638801 | EIN |
| Primary Activity | HOLDING COMPANY | PrimaryActivity |
| Legal Domicile State | FL | LegalDomicileState |
| Direct Controlling Entity NA | N/A | DirectControllingEntityNA |
| Type Of Entity | C | TypeOfEntity |
| Share Of Total Income | 0 | ShareOfTotalIncome |
| Share Of EOY Assets | 0 | ShareOfEOYAssets |
| Percentage Ownership | 1 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | 0 | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | 0 | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | 0 | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | 0 | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | 0 | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | 0 | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | 0 | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | 0 | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | 0 | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | 0 | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | 0 | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | 0 | SharingOfFacilities |
| Sharing Of Paid Employees | 0 | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | 0 | OtherTransferToOtherOrg |
| Other Transfer From Other Org | 0 | OtherTransferFromOtherOrg |
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