EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC Charity Report

Public IRS 990 nonprofit record

EMBRY-RIDDLE AERONAUTICAL UNIVERSITY INC

EIN 59-0936101 · Education (B430)

What they do

SEE SCHEDULE O

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $86.70 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe explanation is very short. Ask what work they really do.

They name their leaders41 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

71.88%of revenue went to mission work86.7% of expenses · Program services

0.81%of revenue went to fundraising1.0% of expenses

$82.86spent for every $100 of revenueRevenue covered expenses this year.

10.17%of revenue went to management and office costs12.3% of expenses

$2.39in assets for every $1 spent this yearSome assets cannot be spent right away.

7.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $1,048,438 for PATRICK BARRY BUTLER (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$864,220,449

Mission workProgram services$621,207,17171.88% of revenue86.7% of expenses

ManagementOffice and general costs$87,928,66610.17% of revenue12.3% of expenses

FundraisingAsking for donations$6,985,0010.81% of revenue1.0% of expenses

Revenue left after expensesReported annual surplus$148,099,61117.14% of revenueShown in gray on the chart

Total expenses$716,120,83882.86% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 86.7% mission · 12.3% management · 1.0% fundraisingTotal expenses: 82.86% of revenue

2023Expense mix: 80.3% mission · 18.8% management · 1.0% fundraisingTotal expenses: 82.58% of revenue

2022Expense mix: 79.0% mission · 20.3% management · 0.6% fundraisingTotal expenses: 85.59% of revenue

2021Expense mix: 78.9% mission · 20.6% management · 0.5% fundraisingTotal expenses: 81.29% of revenue

2020Expense mix: 79.0% mission · 20.5% management · 0.5% fundraisingTotal expenses: 84.08% of revenue

2019Expense mix: 78.0% mission · 21.4% management · 0.6% fundraisingTotal expenses: 88.75% of revenue

2018Expense mix: 77.8% mission · 21.6% management · 0.5% fundraisingTotal expenses: 87.14% of revenue

2017Expense mix: 76.8% mission · 22.8% management · 0.4% fundraisingTotal expenses: 89.09% of revenue

Money in and money out

Revenue$864,220,449

Expenses$716,120,838

Annual surplus $148,099,611 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$621,207,171 · 86.7% of expenses

Management and office costs$87,928,666 · 12.3% of expenses

Fundraising$6,985,001 · 1.0% of expenses

See all reported dollar amounts

Revenue$864,220,449

Expenses$716,120,838

Assets$1,713,455,467

Income$1,341,897,059

Contributions$61,585,783

Mission work (program services)$621,207,171

Fundraising$6,985,001

Grants given$7,068,020

Average grant$186,001

Management and general$87,928,666

Executive compensation (total)$3,949,636

Stocks and bonds$289,669,068

Accounting fees$509,666

Investing fees$3,349,800

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

PATRICK BARRY BUTLERPRESIDENT · 50 hrs/week $1,048,438Base $1,000,497 · Other $47,941

RANDALL B HOWARDSVP & CFO · 50 hrs/week $713,980Base $665,973 · Other $48,007

JOHN WATRETCHANCELLOR, WORLDWIDE CAMPUS · 40 hrs/week $586,000Base $539,770 · Other $46,230

STEVEN RIDDERHEAD BASKETBALL COACH DB · 40 hrs/week $581,379Base $535,104 · Other $46,275

RODNEY CRUISESVP & COO · 40 hrs/week $544,187Base $491,359 · Other $52,828

KELLY AUSTINSVP, ACADEMIC AFFAIRS & PROVOST · 40 hrs/week $488,562Base $413,429 · Other $75,133

JAMES GREGORYDEAN, COLLEGE OF ENGINEERING · 40 hrs/week $445,871Base $394,590 · Other $51,281

KENNETH WITCHERCHANCELLOR, PRESCOTT CAMPUS · 40 hrs/week $391,679Base $268,336 · Other $123,343

JASON RUCKERTSVP, ENROLLMENT MGMT, MKTG, & STUDENT AFFAIRS · 40 hrs/week $386,795Base $338,340 · Other $48,455

KELLY DOWLINGSVP, PHILANTHROPY & ALUMNI ENGAGEMENT · 40 hrs/week $379,258Base $337,441 · Other $41,817

CHARLES SEVASTOSVICE PRESIDENT & GENERAL COUNSEL · 40 hrs/week $354,533Base $314,194 · Other $40,339

BRANDON YOUNGVICE PRESIDENT & CHRO · 40 hrs/week $346,992Base $287,098 · Other $59,894

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (41)

PATRICK BARRY BUTLERPRESIDENT

RANDALL B HOWARDSVP & CFO

JOHN WATRETCHANCELLOR, WORLDWIDE CAMPUS

STEVEN RIDDERHEAD BASKETBALL COACH DB

RODNEY CRUISESVP & COO

KELLY AUSTINSVP, ACADEMIC AFFAIRS & PROVOST

JAMES GREGORYDEAN, COLLEGE OF ENGINEERING

KENNETH WITCHERCHANCELLOR, PRESCOTT CAMPUS

JASON RUCKERTSVP, ENROLLMENT MGMT, MKTG, & STUDENT AFFAIRS

KELLY DOWLINGSVP, PHILANTHROPY & ALUMNI ENGAGEMENT

CHARLES SEVASTOSVICE PRESIDENT & GENERAL COUNSEL

BRANDON YOUNGVICE PRESIDENT & CHRO

RICCARDO BEVILACQUAINTERIM VICE PROVOST & PROFESSOR

REBECCA VASQUEZVICE PRESIDENT & CIO

ANASTASIOS LYRINTZISDISTINGUISHED PROFESSOR

BARBARA HOLDERASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES

MASSOOD TOWHIDNEJADPROFESSOR & ASSOC CHAIR

ALAN STOLZERDEAN, COLLEGE OF AVIATION

JEREMY ERNSTVP, RESEARCH & DOCTORAL PROGRAMS

MARIE ANETTE KARLSSON TERM 7312024CHANCELLOR, PRESCOTT CAMPUS

FRANCES AYERSFORMER CHANCELLOR, PRESCOTT CAMPUS

MORTEZA HOSSEINIBOARD MEMBER - CHAIR

ZANE ROWEBOARD MEMBER - SECRETARY

STEVEN NORDLUNDBOARD MEMBER

STEVE VARSANOBOARD MEMBER

SALLY MASONBOARD MEMBER

CHARLES DUVABOARD MEMBER

DAVID OMALEYBOARD MEMBER

GLENN RITCHEYBOARD MEMBER

JACQUELINE VAN OVOSTBOARD MEMBER

NEAL KEATINGBOARD MEMBER

JOHN AMOREBOARD MEMBER

MICHAEL AMALFITANOBOARD MEMBER

JAMES HENDERSONBOARD MEMBER - VICE CHAIR

LEANNE CARETBOARD MEMBER

JANET KAVANDIBOARD MEMBER

KENNETH DUFOURBOARD MEMBER

KENN RICCIBOARD MEMBER

JEAN ROSANVALLONBOARD MEMBER

JOSEPH MARTINBOARD MEMBER - TREASURER

JON SLANGERUPBOARD MEMBER

About this charity

Recognized since: January 1993
Location: 1 AEROSPACE BLVD, DAYTONA BEACH, FL 32114-3910
County: Volusia
In care of: % JARE ALLOCCO ALLEN
Primary officer: RANDALL B HOWARD, SENIOR VP AND CFO

How to reach them

WebsiteVisit the charity’s website EmailDaytonaBeach@erau.edu Phone(386) 226-6000

Filing and classification

Latest tax year: 2024
Tax period began: July 1, 2024
Return type: 990
Tax preparer: KPMG LLP
NTEE classification: Education (B430)
IRS tax category: Colleges, Universities, and Professional Schools
Grant-giving organization: Yes