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EMBRY-RIDDLE AERONAUTICAL UNIVERSITY, INC. (UNIVERSITY OR EMBRY-RIDDLE) IS A PRIVATE, CO-EDUCATIONAL INSTITUTION OF HIGHER LEARNING. EMBRY-RIDDLE IS THE LARGEST AND OLDEST AVIATION AND AEROSPACE-FOCUSED UNIVERSITY IN THE WORLD. THE UNIVERSITY HAS EVOLVED WITH INDUSTRY TOSERVE THE EVER-CHANGING NEEDS OF AVIATION AND AEROSPACE AND OTHER STEM-RELATED DISCIPLINES. EMBRY-RIDDLE OFFERS PROGRAMS IN SEVEN PRIMARY FIELDS OF STUDY INCLUDING APPLIED SCIENCE, AVIATION, BUSINESS, COMPUTERS AND TECHNOLOGY, ENGINEERING, SAFETY, SECURITY ANDINTELLIGENCE AND SPACE. EMBRY-RIDDLE, THROUGH ITS ACADEMIC PROGRAMS, CONTINUING EDUCATION, AND APPLIED RESEARCH, BENEFITS THE GLOBAL AEROSPACE AND AVIATION INFRASTRUCTURE. THE UNIVERSITY'S EFFORTS SUPPORT THE GROWTH AND TECHNOLOGICAL ADVANCEMENTS ENCOMPASSING THE ENTIRE AVIATION AND AEROSPACE INDUSTRY; THE CONTRIBUTIONS OF EMBRY-RIDDLE STUDENTS, FACULTY AND STAFF TRANSCEND FAR BEYOND THE "STUDENT BODY".
Source: IRS Form 990 (Tax Year 2023)
Source: IRS e-Filed Form 990 (from the IRS e-File system), Tax Year 2022
Total Revenue
▼$703M
Program Spending
79%
of total expenses go to program services
Total Contributions
$44.3M
Total Expenses
▼$601.7M
Total Assets
$1.4B
Total Liabilities
▼$443.3M
Net Assets
$999.8M
Officer Compensation
→$4.5M
Other Salaries
$214M
Investment Income
$22.4M
Fundraising
▼$220.4K
Tax Year 2022 · Source: IRS Form 990, Schedule I (Grants and Other Assistance)
Total grants awarded: $382.1K
| Recipient | Location | Amount | Type | Purpose |
|---|---|---|---|---|
| DAYTONA BEACH, FL | $295K | Non-Cash | SUPPORT AVIATION CONSISTENT WITH ERAU'S EDUCATIONAL MISSION | |
EXPERIMENTAL AIRCRAFT ASSOCIATION INC39-0917537 | OSHKOSH, WI | $67.1K | Cash | NATIONAL CONVENTION SPONSORSHIP AND SPONSOR STUDENT MEMBERSHIP |
MUSEUM OF ARTS AND SCIENCES INC59-1022050 | DAYTONA BEACH, FL | $10K | Cash | EXHIBIT SPONSORSHIP |
BROWN RIVERFRONT ESPLANADE FOUNDATION83-1769296 | DAYTONA BEACH, FL | $10K | Cash | SPONSOR COMMUNITY PROJECT |
| Total | $382.1K | |||
DAYTONA BEACH, FL
$295K
OSHKOSH, WI
$67.1K
DAYTONA BEACH, FL
$10K
BROWN RIVERFRONT ESPLANADE FOUNDATION
DAYTONA BEACH, FL
$10K
Source: USAspending.gov
Federal award data is temporarily unavailable.
USAspending.gov tracks federal grants, cooperative agreements, and other financial assistance. Not all nonprofits receive federal funding.
Source: Federal Audit Clearinghouse (fac.gov)
Years audited
10
Clean years
9
Material Weakness
No
Noncompliance Issues
No
| Year | Status | Financial Report | Federal Expenditurecombined across all audits filed that year | Low Risk | Accepted |
|---|---|---|---|---|---|
| 2025 | Clean | Unmodified (Clean) | $161.1M | Yes | 2026-01-16 |
| 2024 | Clean | Unmodified (Clean) | $150.1M | Yes | 2025-03-31 |
| 2023 | Minor Findings | Unmodified (Clean) | $138.6M | Yes | 2023-12-15 |
| 2022 | Clean | Unmodified (Clean) | $160.4M | Yes | 2022-12-01 |
| 2021 | Clean | Unmodified (Clean) | $148.8M | Yes | 2021-12-21 |
| 2020 | Clean | Unmodified (Clean) | $137.8M | Yes | 2021-04-22 |
| 2019 | Clean | Unmodified (Clean) | $138.5M | Yes | 2019-10-30 |
| 2018 | Clean | Unmodified (Clean) | $142.8M | Yes | 2018-11-01 |
| 2017 | Clean | Unmodified (Clean) | $133.8M | Yes | 2017-11-02 |
| 2016 | Clean | Unmodified (Clean) | $130.6M | Yes | 2016-11-24 |
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$161.1M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$150.1M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$138.6M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$160.4M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$148.8M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$137.8M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$138.5M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$142.8M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$133.8M
Financial Report
Unmodified (Clean)
Federal Expenditure, combined across all audits filed that year
$130.6M
Tax Year 2022 · Source: IRS e-Filed Form 990Schedule J available
Individuals serving as officers, directors, or trustees of the organization.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other |
|---|
Source: IRS Publication 78, Auto-Revocation List & e-Postcard Data
Tax-deductible contributions: Yes
Deductibility code: PC
990-N (e-Postcard) Filing History
This organization files simplified Form 990-N (annual gross receipts ≤ $50,000).
Sources: IRS e-Filed Form 990 (XML) & ProPublica Nonprofit Explorer
Scroll →
| Year | Revenue | Contributions | Expenses | Assets | Net Assets |
|---|---|---|---|---|---|
| 2023 | $703M | $44.3M | $601.7M | $1.4B | $999.8M |
| 2022IRS e-File | $703M | $44.3M | $601.7M | $1.4B | $999.8M |
| 2021 | $616.3M | $51.5M | $518.2M | $1.3B | $799M |
| 2020 | $561.7M | $36.1M | $498.6M |
Sources: ProPublica Nonprofit Explorer & IRS e-File Index
| Tax Year | Form Type | Source | Documents |
|---|---|---|---|
| 2024 | 990 | IRS e-File | |
| 2023 | 990 | DataIRS e-File | PDF not yet published by IRSView Filing → |
| 2022 | 990 | DataIRS e-File |
Financial data: IRS e-Filed Form 990 (Tax Year 2022)
Leadership & compensation: IRS e-Filed Form 990, Part VII (Tax Year 2022)
Organization info: IRS Business Master File
Tax-deductibility: IRS Publication 78
| Total |
|---|
| Patrick Barry Butler | President | 50 | $894.8K | $0 | $42.3K | $937.1K |
| Randall Howard | Svp, CFO | 50 | $573.7K | $0 | $46.6K | $620.3K |
Patrick Barry Butler
President
$937.1K
Hrs/Wk
50
Compensation
$894.8K
Related Orgs
$0
Other
$42.3K
Randall Howard
Svp, CFO
$620.3K
Hrs/Wk
50
Compensation
$573.7K
Related Orgs
$0
Other
$46.6K
Highest compensated employees who are not officers or directors.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| John Watret | Chancellor, Worldwide | 45 | $481.3K | $0 | $45.6K | $526.9K |
| Steven Ridder | Head Basketball Coach Db | 40 | $474.7K | $0 | $41K | $515.7K |
| Rodney Cruise | SVP Administration & COO | 40 | $433.4K | $0 |
John Watret
Chancellor, Worldwide
$526.9K
Hrs/Wk
45
Compensation
$481.3K
Related Orgs
$0
Other
$45.6K
Steven Ridder
Head Basketball Coach Db
$515.7K
Hrs/Wk
40
Compensation
$474.7K
Related Orgs
$0
Other
$41K
Rodney Cruise
SVP Administration & COO
$479.5K
Hrs/Wk
40
Compensation
$433.4K
Related Orgs
$0
Other
$46.1K
Members of the governing board. Board members often serve without compensation.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Charles Duva | Board Member | 2 | $0 | $0 | $0 | $0 |
| David O'Maley | Board Member | 2 | $0 | $0 | $0 | $0 |
| Glenn S Ritchey | Board Member | 2 | $0 | $0 | $0 | $0 |
| James Henderson | Board Member - Vice Chair | 5 | $0 | $0 | $0 | $0 |
| Janet Kavandi | Board Member | 2 | $0 | $0 | $0 | $0 |
| Jean G Rosanvallon | Board Member |
Charles Duva
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
David O'Maley
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Glenn S Ritchey
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Individuals who previously served as officers or key employees.
| Name | Title | Hrs/Wk | Compensation | Related Orgs | Other | Total |
|---|---|---|---|---|---|---|
| Frances Ayers | Former Chancellor, Prescott | 40 | $149.2K | $0 | $15.1K | $164.4K |
Frances Ayers
Former Chancellor, Prescott
$164.4K
Hrs/Wk
40
Compensation
$149.2K
Related Orgs
$0
Other
$15.1K
| $1.1B |
| $652.4M |
| 2019 | $536.6M | $36.9M | $467.6M | $886.6M | $587.7M |
| 2018 | $512.8M | $15.5M | $456.8M | $828.3M | $517.6M |
| 2016 | $440M | $9.6M | $411.4M | $700.4M | $394M |
| 2015 | $411.2M | $11.5M | $395M | $665.8M | $366.5M |
| 2014 | $396.6M | $9M | $374.2M | $571M | $348.3M |
| 2013 | $384.6M | $7.8M | $357.9M | $533.1M | $313.8M |
| 2012 | $363.2M | $8.6M | $338.9M | $507.8M | $287M |
| 2011 | $359.4M | $7.9M | $313.2M | $490.7M | $262.7M |
| 2021 | 990 | Data | PDF not yet published by IRS |
| 2020 | 990 | Data | PDF not yet published by IRS |
| 2019 | 990 | Data |
| 2018 | 990 | Data |
| 2017 | 990 | — |
| 2016 | 990 | Data |
| 2015 | 990 | Data |
| 2014 | 990 | Data |
| 2013 | 990 | Data |
| 2012 | 990 | Data |
| 2011 | 990 | Data |
| 2010 | 990 | — |
| 2009 | 990 | — |
| 2008 | 990 | — |
| 2007 | 990 | — |
| 2006 | 990 | — |
| 2005 | 990 | — |
| 2004 | 990 | — |
| 2003 | 990 | — |
| 2002 | 990 | — |
| 2001 | 990 | — |
| $46.1K |
| $479.5K |
| James Gregory | Dean, College Of Engineering | 40 | $372.6K | $0 | $45.5K | $418.1K |
| Lon Moeller | SVP Academic Affairs & Provost | 40 | $366.5K | $0 | $40.9K | $407.4K |
| Anette Karlsson | Chancellor, Prescott Campus | 40 | $342K | $0 | $31.2K | $373.2K |
| Charles Sevastos | Vice President & General Counsel | 40 | $288.4K | $0 | $36.6K | $325K |
| Anastasios Lyrintzis | Department Chair | 40 | $254.7K | $0 | $37.1K | $291.8K |
| Riccardo Bevilacqua | Professor Aerospace Engineering | 40 | $249.6K | $0 | $40.5K | $290.1K |
| Jason Ruckert | Svp, Enrollment Mgmt/mktg | 40 | $259.3K | $0 | $28.2K | $287.5K |
| Shanan Gibson | Dean, College Of Business | 40 | $259.4K | $0 | $26.9K | $286.3K |
| Rebecca Vasquez | Vice President, CIO | 40 | $251.1K | $0 | $31.8K | $282.9K |
| Brandon Young | Vice President, Chro | 40 | $244.5K | $0 | $34.6K | $279.1K |
| Alan Stolzer | Dean, College Of Aviation & Prof | 40 | $229.7K | $0 | $38.3K | $268.1K |
| Kevin Kreide | Vice President, Facilities | 40 | $204.9K | $0 | $20.9K | $225.8K |
| Remzi Seker | Vice President, Research | 40 | $189.7K | $0 | $23.9K | $213.6K |
James Gregory
Dean, College Of Engineering
$418.1K
Hrs/Wk
40
Compensation
$372.6K
Related Orgs
$0
Other
$45.5K
Lon Moeller
SVP Academic Affairs & Provost
$407.4K
Hrs/Wk
40
Compensation
$366.5K
Related Orgs
$0
Other
$40.9K
Anette Karlsson
Chancellor, Prescott Campus
$373.2K
Hrs/Wk
40
Compensation
$342K
Related Orgs
$0
Other
$31.2K
Charles Sevastos
Vice President & General Counsel
$325K
Hrs/Wk
40
Compensation
$288.4K
Related Orgs
$0
Other
$36.6K
Anastasios Lyrintzis
Department Chair
$291.8K
Hrs/Wk
40
Compensation
$254.7K
Related Orgs
$0
Other
$37.1K
Riccardo Bevilacqua
Professor Aerospace Engineering
$290.1K
Hrs/Wk
40
Compensation
$249.6K
Related Orgs
$0
Other
$40.5K
Jason Ruckert
Svp, Enrollment Mgmt/mktg
$287.5K
Hrs/Wk
40
Compensation
$259.3K
Related Orgs
$0
Other
$28.2K
Shanan Gibson
Dean, College Of Business
$286.3K
Hrs/Wk
40
Compensation
$259.4K
Related Orgs
$0
Other
$26.9K
Rebecca Vasquez
Vice President, CIO
$282.9K
Hrs/Wk
40
Compensation
$251.1K
Related Orgs
$0
Other
$31.8K
Brandon Young
Vice President, Chro
$279.1K
Hrs/Wk
40
Compensation
$244.5K
Related Orgs
$0
Other
$34.6K
Alan Stolzer
Dean, College Of Aviation & Prof
$268.1K
Hrs/Wk
40
Compensation
$229.7K
Related Orgs
$0
Other
$38.3K
Kevin Kreide
Vice President, Facilities
$225.8K
Hrs/Wk
40
Compensation
$204.9K
Related Orgs
$0
Other
$20.9K
Remzi Seker
Vice President, Research
$213.6K
Hrs/Wk
40
Compensation
$189.7K
Related Orgs
$0
Other
$23.9K
| 2 |
| $0 |
| $0 |
| $0 |
| $0 |
| John Amore | Board Member | 2 | $0 | $0 | $0 | $0 |
| Jon Slangerup | Board Member | 2 | $0 | $0 | $0 | $0 |
| Joseph Martin | Board Member - Treasurer | 3 | $0 | $0 | $0 | $0 |
| Kenneth Dufour | Board Member | 2 | $0 | $0 | $0 | $0 |
| Michael Amalfitano | Board Member | 2 | $0 | $0 | $0 | $0 |
| Morteza Hosseini | Board Member - Chair | 5 | $0 | $0 | $0 | $0 |
| Neal Keating | Board Member | 2 | $0 | $0 | $0 | $0 |
| Robert Keys | Board Member | 2 | $0 | $0 | $0 | $0 |
| Sally Mason | Board Member | 2 | $0 | $0 | $0 | $0 |
| Steven Nordlund | Board Member | 2 | $0 | $0 | $0 | $0 |
| Zane Rowe | Board Member - Secretary | 3 | $0 | $0 | $0 | $0 |
James Henderson
Board Member - Vice Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Janet Kavandi
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Jean G Rosanvallon
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
John Amore
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Jon Slangerup
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Joseph Martin
Board Member - Treasurer
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0
Kenneth Dufour
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Michael Amalfitano
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Morteza Hosseini
Board Member - Chair
$0
Hrs/Wk
5
Compensation
$0
Related Orgs
$0
Other
$0
Neal Keating
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Robert Keys
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Sally Mason
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Steven Nordlund
Board Member
$0
Hrs/Wk
2
Compensation
$0
Related Orgs
$0
Other
$0
Zane Rowe
Board Member - Secretary
$0
Hrs/Wk
3
Compensation
$0
Related Orgs
$0
Other
$0