Nonprofit · EIN 59-0936101
EMBRY-RIDDLE AERONAUTICAL
Tax-exempt · DAYTONA BEACH, FL 32114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $864,220,449 | $716,120,838 | $148,099,611 | $1,713,455,467 | $377,517,249 | $1,335,938,218 |
| June 30, 2024 | 990 | $810,190,212 | $669,093,223 | $141,096,989 | $1,592,608,509 | $427,305,479 | $1,165,303,030 |
| June 30, 2023 | 990 | $702,956,238 | $601,659,234 | $101,297,004 | $1,443,112,700 | $443,266,123 | $999,846,577 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $61,585,783
- of which government grants
- $48,355,725
- Program service revenue
- $755,060,968
- Investment income
- $45,545,332
- Net rental income
- $1,968,177
- Net gain from sales of assets
- $11,918,173
- Net income from fundraising events
- $42,671
- Net income from sales of inventory
- $17,518
- Other revenue
- $2,028,366
Expenses
- Grants and similar amounts paid
- $182,333,454
- Compensation of officers, directors and key employees
- $7,091,778
- Other salaries and wages
- $251,810,621
- Salaries, compensation and benefits (total)
- $338,677,832
- Professional fundraising fees
- $0
- Legal fees
- $743,595
- Accounting fees
- $509,666
- Occupancy
- $16,079,291
- Travel
- $10,737,486
- Depreciation
- $46,176,531
- Program services (functional)
- $621,207,171
- Management and general (functional)
- $87,928,666
- Fundraising (functional)
- $6,985,001
Balance sheet and other
- Total assets, start of year
- $1,592,608,509
- Total assets, end of year
- $1,713,455,467
- Total liabilities, end of year
- $377,517,249
- Net assets, end of year
- $1,335,938,218
- Land, buildings and equipment
- $733,334,031
- Publicly traded securities
- $289,669,068
- Net assets without donor restrictions
- $1,191,563,342
- Net assets with donor restrictions
- $144,374,876
- Gross unrelated business income
- $963,942
- Gross receipts
- $1,341,897,059
- Employees
- 8,320
- Volunteers
- 0
- Year formed
- 1960
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK BARRY BUTLER | PRESIDENT Officer | 50 | $1,000,497 | $47,941 |
| RANDALL B HOWARD | SVP & CFO Officer | 50 | $665,973 | $48,007 |
| JOHN WATRET | CHANCELLOR, WORLDWIDE CAMPUS Key employee | 40 | $539,770 | $46,230 |
| STEVEN RIDDER | HEAD BASKETBALL COACH DB Highest-paid employee | 40 | $535,104 | $46,275 |
| RODNEY CRUISE | SVP & COO Key employee | 40 | $491,359 | $52,828 |
| KELLY AUSTIN | SVP, ACADEMIC AFFAIRS & PROVOST Key employee | 40 | $413,429 | $75,133 |
| JAMES GREGORY | DEAN, COLLEGE OF ENGINEERING Key employee | 40 | $394,590 | $51,281 |
| KENNETH WITCHER | CHANCELLOR, PRESCOTT CAMPUS Key employee | 40 | $268,336 | $123,343 |
| JASON RUCKERT | SVP, ENROLLMENT MGMT, MKTG, & STUDENT AFFAIRS Key employee | 40 | $338,340 | $48,455 |
| KELLY DOWLING | SVP, PHILANTHROPY & ALUMNI ENGAGEMENT Key employee | 40 | $337,441 | $41,817 |
| CHARLES SEVASTOS | VICE PRESIDENT & GENERAL COUNSEL Key employee | 40 | $314,194 | $40,339 |
| BRANDON YOUNG | VICE PRESIDENT & CHRO Key employee | 40 | $287,098 | $59,894 |
| RICCARDO BEVILACQUA | INTERIM VICE PROVOST & PROFESSOR Highest-paid employee | 40 | $298,595 | $47,022 |
| REBECCA VASQUEZ | VICE PRESIDENT & CIO Key employee | 40 | $286,626 | $44,768 |
| ANASTASIOS LYRINTZIS | DISTINGUISHED PROFESSOR Highest-paid employee | 40 | $291,654 | $38,652 |
26 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BARBARA HOLDER | ASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES Highest-paid employee | 40 | $294,980 | $29,952 |
| MASSOOD TOWHIDNEJAD | PROFESSOR & ASSOC CHAIR Highest-paid employee | 40 | $283,394 | $40,385 |
| ALAN STOLZER | DEAN, COLLEGE OF AVIATION Key employee | 40 | $270,589 | $38,710 |
| JEREMY ERNST | VP, RESEARCH & DOCTORAL PROGRAMS Key employee | 40 | $248,421 | $39,546 |
| MARIE ANETTE KARLSSON TERM 7312024 | CHANCELLOR, PRESCOTT CAMPUS Key employee | 40 | $265,457 | $15,648 |
| FRANCES AYERS | FORMER CHANCELLOR, PRESCOTT CAMPUS Former | 40 | $161,467 | $16,734 |
| CHARLES DUVA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID O'MALEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GLENN RITCHEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JACQUELINE VAN OVOST | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JAMES HENDERSON | BOARD MEMBER - VICE CHAIR Trustee or director | 5 | $0 | $0 |
| JANET KAVANDI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JEAN ROSANVALLON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN AMORE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JON SLANGERUP | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOSEPH MARTIN | BOARD MEMBER - TREASURER Trustee or director | 3 | $0 | $0 |
| KENN RICCI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KENNETH DUFOUR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LEANNE CARET | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MICHAEL AMALFITANO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MORTEZA HOSSEINI | BOARD MEMBER - CHAIR Trustee or director | 5 | $0 | $0 |
| NEAL KEATING | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SALLY MASON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEVE VARSANO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEVEN NORDLUND | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ZANE ROWE | BOARD MEMBER - SECRETARY Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2024: 40 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK BARRY BUTLER | PRESIDENT Officer | 50 | $939,188 | $45,077 |
| RANDALL B HOWARD | SVP & CFO Officer | 50 | $623,500 | $45,149 |
| STEVEN RIDDER | HEAD BASKETBALL COACH DB Highest-paid employee | 40 | $514,635 | $43,823 |
| JOHN WATRET | CHANCELLOR, WORLDWIDE CAMPUS Key employee | 40 | $508,633 | $43,792 |
| RODNEY CRUISE | SVP & COO Key employee | 40 | $465,352 | $49,509 |
| JAMES GREGORY | DEAN, COLLEGE OF ENGINEERING Highest-paid employee | 40 | $382,645 | $48,464 |
| MARIE ANNETTE KARLSSON TERM 7312024 | CHANCELLOR, PRESCOTT CAMPUS Key employee | 40 | $349,744 | $33,843 |
| KELLY DOWLING | SVP PHILANTHROPY & ALUMNI ENGAGEMENT Key employee | 40 | $324,833 | $36,669 |
| JASON RUCKERT | SVP, ENROLLMENT MGMT/MKTG Key employee | 40 | $312,833 | $33,246 |
| CHARLES SEVASTOS | VICE PRESIDENT & GENERAL COUNSEL Key employee | 40 | $300,459 | $38,126 |
| BARBARA HOLDER | ASSOC PROFESSOR OF SCHOOL OF GRAD STUDIES Highest-paid employee | 40 | $294,124 | $29,845 |
| RICCARDO BEVILACQUA | INTERIM ASSOC DEAN FOR RESEARCH & GRAD STUDIES Highest-paid employee | 40 | $267,552 | $42,718 |
| REBECCA VASQUEZ | VICE PRESIDENT & CIO Key employee | 40 | $269,472 | $35,346 |
| BRANDON YOUNG | VICE PRESIDENT & CHRO Key employee | 40 | $265,914 | $36,997 |
| SHANAN GIBSON | DEAN, O'MALEY COLLEGE OF BUSINESS Highest-paid employee | 40 | $265,738 | $27,906 |
| ALAN STOLZER | DEAN, COLLEGE OF AVIATION Key employee | 40 | $255,115 | $35,829 |
| JEREMY ERNST | VP, RESEARCH & DOCTORAL PROGRAMS Key employee | 40 | $239,211 | $26,480 |
| KELLY AUSTIN | SVP, ACADEMIC AFFAIRS & PROVOST Key employee | 40 | $207,413 | $22,758 |
| KEVIN KREIDE TERM 10312023 | VICE PRESIDENT, FACILITIES Key employee | 40 | $211,023 | $19,037 |
| FRANCES AYERS | FORMER CHANCELLOR, PRESCOTT CAMPUS Former | 40 | $155,815 | $15,911 |
| LON MOELLER TERM 7132023 | SVP, ACADEMIC AFFAIRS & PROVOST Key employee | 40 | $142,661 | $17,625 |
| CHARLES DUVA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID O'MALEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GLENN RITCHEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JAMES HENDERSON | BOARD MEMBER - VICE CHAIR Trustee or director | 5 | $0 | $0 |
| JANET KAVANDI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JEAN ROSANVALLON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN AMORE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JON SLANGERUP | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOSEPH MARTIN | BOARD MEMBER - TREASURER Trustee or director | 3 | $0 | $0 |
| KENN RICCI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KENNETH DUFOUR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| LEANNE CARET | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MICHAEL AMALFITANO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| MORTEZA HOSSEINI | BOARD MEMBER - CHAIR Trustee or director | 5 | $0 | $0 |
| NEAL KEATING | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SALLY MASON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEVE VARSANO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEVEN NORDLUND | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ZANE ROWE | BOARD MEMBER - SECRETARY Trustee or director | 3 | $0 | $0 |
990 for the year ended June 30, 2023: 36 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| PATRICK BARRY BUTLER | PRESIDENT Officer | 50 | $894,804 | $42,344 |
| RANDALL HOWARD | SVP, CFO Officer | 50 | $573,724 | $46,619 |
| JOHN WATRET | CHANCELLOR, WORLDWIDE Key employee | 45 | $481,320 | $45,582 |
| STEVEN RIDDER | HEAD BASKETBALL COACH DB Highest-paid employee | 40 | $474,710 | $40,982 |
| RODNEY CRUISE | SVP ADMINISTRATION & COO Key employee | 40 | $433,373 | $46,112 |
| JAMES GREGORY | DEAN, COLLEGE OF ENGINEERING Highest-paid employee | 40 | $372,609 | $45,540 |
| LON MOELLER | SVP ACADEMIC AFFAIRS & PROVOST Key employee | 40 | $366,524 | $40,905 |
| ANETTE KARLSSON | CHANCELLOR, PRESCOTT CAMPUS Key employee | 40 | $342,045 | $31,158 |
| CHARLES SEVASTOS | VICE PRESIDENT & GENERAL COUNSEL Key employee | 40 | $288,418 | $36,588 |
| ANASTASIOS LYRINTZIS | DEPARTMENT CHAIR Highest-paid employee | 40 | $254,698 | $37,096 |
| RICCARDO BEVILACQUA | PROFESSOR AEROSPACE ENGINEERING Highest-paid employee | 40 | $249,582 | $40,549 |
| JASON RUCKERT | SVP, ENROLLMENT MGMT/MKTG Key employee | 40 | $259,283 | $28,168 |
| SHANAN GIBSON | DEAN, COLLEGE OF BUSINESS Highest-paid employee | 40 | $259,413 | $26,853 |
| REBECCA VASQUEZ | VICE PRESIDENT, CIO Key employee | 40 | $251,051 | $31,842 |
| BRANDON YOUNG | VICE PRESIDENT, CHRO Key employee | 40 | $244,506 | $34,590 |
| ALAN STOLZER | DEAN, COLLEGE OF AVIATION & PROF Key employee | 40 | $229,742 | $38,341 |
| KEVIN KREIDE | VICE PRESIDENT, FACILITIES Key employee | 40 | $204,869 | $20,883 |
| REMZI SEKER | VICE PRESIDENT, RESEARCH Key employee | 40 | $189,746 | $23,856 |
| FRANCES AYERS | FORMER CHANCELLOR, PRESCOTT Former | 40 | $149,247 | $15,107 |
| MORTEZA HOSSEINI | BOARD MEMBER - CHAIR Trustee or director | 5 | $0 | $0 |
| JAMES HENDERSON | BOARD MEMBER - VICE CHAIR Trustee or director | 5 | $0 | $0 |
| JOSEPH MARTIN | BOARD MEMBER - TREASURER Trustee or director | 3 | $0 | $0 |
| ZANE ROWE | BOARD MEMBER - SECRETARY Trustee or director | 3 | $0 | $0 |
| MICHAEL AMALFITANO | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JOHN AMORE | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| KENNETH DUFOUR | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| CHARLES DUVA | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JON SLANGERUP | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| DAVID O'MALEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| GLENN S RITCHEY | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JEAN G ROSANVALLON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| SALLY MASON | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| JANET KAVANDI | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| NEAL KEATING | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| STEVEN NORDLUND | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
| ROBERT KEYS | BOARD MEMBER Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 AEROSPACE BLVD, DAYTONA BEACH, FL 32114-3910
- In care of
- % JARE ALLOCCO ALLEN
- Mailing address (990-N for 2016)
- 600 S Clyde Morris Blvd, Daytona Beach FL 32114
- Principal officer (990 for 2024)
- RANDALL B HOWARD PHD, 1 AEROSPACE BLVD, DAYTONA BEACH, FL 32114
- Principal officer (990-N for 2016)
- Kristine Kiernan, 110 Fairwood Blvd, Fairhope AL 36532
- Signed the 990
- RANDALL B HOWARD, SENIOR VP AND CFO
- Phone
- (386) 226-6000
- Return prepared by
- KPMG LLP
Mission
SEE SCHEDULE O
Program accomplishments
- EMBRY-RIDDLE AERONAUTICAL UNIVERSITY IS AN ACCREDITED INSTITUTION OF HIGHER EDUCATION FOUNDED IN 1926, SPECIALIZING IN AVIATION, AEROSPACE, AND RELATED STEM FIELDS. THE UNIVERSITY OFFERS DEGREE PROGRAMS IN DISCIPLINES INCLUDING APPLIED SCIENCE, AVIATION, BUSINESS, COMPUTING AND TECHNOLOGY, ENGINEERING, SAFETY, SECURITY AND INTELLIGENCE, AND SPACE. THE UNIVERSITY IS ACCREDITED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC) TO AWARD DEGREES AT THE ASSOCIATE, BACCALAUREATE, MASTER'S, AND DOCTORAL LEVELS.Expenses $621,207,171 · grants $182,333,454 · revenue $755,078,486
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 59-0936101
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1993
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B430)
- Assets (IRS master file)
- $1,713,455,467
- Income (IRS master file)
- $1,341,897,059
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $864,220,449 | $716,120,838 | $1,713,455,467 | IRS |
| 990-T | June 2025 | – | – | – | IRS |
| 990 | June 2024 | $810,190,212 | $669,093,223 | $1,592,608,509 | IRS |
| 990-T | June 2024 | – | – | – | IRS |
| 990 | June 2023 | $702,956,238 | $601,659,234 | $1,443,112,700 | IRS |
| 990-T | June 2023 | – | – | – | IRS |
| 990 | June 2022 | $704,944,658 | $573,049,513 | $1,324,755,345 | IRS |
| 990-T | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990-T | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
| 990-N for 2016 Officer: Kristine Kiernan | June 30, 2017 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-0936101).
Questions about EMBRY-RIDDLE AERONAUTICAL
- What is the EIN of EMBRY-RIDDLE AERONAUTICAL?
- The employer identification number (EIN) of EMBRY-RIDDLE AERONAUTICAL is 59-0936101.
- Is EMBRY-RIDDLE AERONAUTICAL tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1993.
- Are donations to EMBRY-RIDDLE AERONAUTICAL tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does EMBRY-RIDDLE AERONAUTICAL file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of EMBRY-RIDDLE AERONAUTICAL due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did EMBRY-RIDDLE AERONAUTICAL last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of EMBRY-RIDDLE AERONAUTICAL?
- The 990 for the year ended June 30, 2025 names RANDALL B HOWARD PHD.
- Who are the officers and directors of EMBRY-RIDDLE AERONAUTICAL?
- The 990 for the year ended June 30, 2025 lists 41 people; 21 received compensation from the organization, the highest $1,000,497 (PATRICK BARRY BUTLER, PRESIDENT).
- How much revenue does EMBRY-RIDDLE AERONAUTICAL have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $864,220,449, expenses of $716,120,838 and total assets of $1,713,455,467 at year end.
Other nonprofits in DAYTONA BEACH
- BETHUNE-COOKMAN UNIVERSITY EIN 59-0704726 · last filed 990 for 2025
- THE EARLY LEARNING COALITION OF FLAGLER AND VOLUSIA COUNTIES INC EIN 59-3646549 · last filed 990 for 2025
- DAYTONA STATE COLLEGE FOUNDATION INC EIN 59-1581805 · last filed 990 for 2024
- THE LPGA FOUNDATION EIN 59-3085528 · last filed 990 for 2024
- RICHARD MILBURN ACADEMY OF FLORIDA INC EIN 04-3513332 · last filed 990 for 2025
- DAYTONA STATE COLLEGE HOUSING CORPORATION EIN 84-3096964 · last filed 990 for 2025
- CHILES ACADEMY INC EIN 32-0015498 · last filed 990 for 2025
- LIVING FAITH ACADEMY EIN 80-0484004 · last filed 990 for 2025