Nonprofit · EIN 98-0681431
EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD
Tax-exempt · DAYTONA BEACH, FL 32114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $1,420,317 | $1,077,445 | $342,872 | $2,111,702 | $920,256 | $1,191,446 |
| June 30, 2024 | 990 | $1,816,366 | $1,719,212 | $97,154 | $1,603,469 | $740,638 | $862,831 |
| June 30, 2023 | 990 | $3,321,453 | $3,098,880 | $222,573 | $1,751,900 | $983,705 | $768,195 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,630
- of which government grants
- $6,630
- Program service revenue
- $1,411,997
- Investment income
- $1,690
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $24,191
- Compensation of officers, directors and key employees
- $116,970
- Other salaries and wages
- $306,650
- Salaries, compensation and benefits (total)
- $479,295
- Professional fundraising fees
- $0
- Accounting fees
- $49,016
- Occupancy
- $19,461
- Travel
- $5,423
- Depreciation
- $143,250
- Program services (functional)
- $569,250
- Management and general (functional)
- $508,195
Balance sheet and other
- Total assets, start of year
- $1,603,469
- Total assets, end of year
- $2,111,702
- Total liabilities, end of year
- $920,256
- Net assets, end of year
- $1,191,446
- Land, buildings and equipment
- $2,154
- Net assets without donor restrictions
- $1,191,446
- Gross receipts
- $1,420,317
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2009
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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RANDALL B HOWARD | BOARD MEMBER Trustee or director, Officer | 3 | $0 | $665,973 | $48,007 |
| JOHN WATRET | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $539,770 | $46,230 |
| CHARLES SEVASTOS | BOARD MEMBER Trustee or director, Officer | 3 | $0 | $314,194 | $40,339 |
| MATTHEW FLAHERTY | VICE CHANCELLOR AND HEAD OF ASIA Trustee or director, Officer | 50 | $105,488 | $143,458 | $12,788 |
| PABLO ALVAREZ | ASSOC VICE CHANCELLOR Highest-paid employee | 40 | $48,908 | $120,478 | $9,428 |
| LAURENCE CHIN | BOARD MEMBER Trustee or director | 3 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RANDALL B HOWARD | BOARD MEMBER Trustee or director, Officer | 3 | $0 | $623,500 | $45,149 |
| JOHN WATRET | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $508,633 | $43,792 |
| CHARLES SEVASTOS | SECRETARY Trustee or director, Officer | 3 | $0 | $300,459 | $38,126 |
| MATTHEW FLAHERTY | VICE CHANCELLOR AND HEAD OF ASIA Trustee or director, Officer | 50 | $60,913 | $182,740 | $9,291 |
| LAURENCE CHIN | BOARD MEMEBER Trustee or director | 3 | $0 | $0 | $0 |
990 for the year ended June 30, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| RANDALL B HOWARD | BOARD MEMBER Trustee or director, Officer | 3 | $0 | $573,724 | $46,619 |
| JOHN WATRET | CHAIRPERSON Trustee or director, Officer | 5 | $0 | $481,320 | $45,582 |
| CHARLES SEVASTOS | SECRETARY Trustee or director, Officer | 3 | $0 | $288,418 | $36,588 |
| MATTHEW FLAHERTY | VICE CHANCELLOR AND EXEC DIR Trustee or director, Officer | 50 | $176,003 | $58,668 | $8,439 |
| QUAY CHEW ENG | BOARD MEMBER (UNTIL 04/01/2023) Trustee or director | 3 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 AEROSPACE BLVD, DAYTONA BEACH, FL 32114-3910
- In care of
- % JARE ALLOCCO ALLEN
- Principal officer (990 for 2024)
- JOHN WATRET PHD, 1 AEROSPACE BLVD, DAYTONA BEACH, FL 32114
- Signed the 990
- JARE ALLOCCO ALLEN, VP and University Controller
- Phone
- (386) 323-8078
- Website
- WWW.ASIA.ERAU.EDU
- Return prepared by
- KPMG LLP
Mission
THE MISSION OF EMBRY-RIDDLE AERONAUTICAL UNIVERSITY, ASIA LTD (ERAU ASIA) IS TO EXTEND EMBRY-RIDDLE AERONAUTICAL UNIVERSITY, INC.'S (ERAU) OPPORTUNITY FOR DELIVERING HIGHER EDUCATION AND RESEARCH IN AVIATION AND AEROSPACE IN KEY COUNTRIES OF THE ASIA PACIFIC REGION.
Program accomplishments
- ERAU ASIA PROVIDES FLEXIBLE UNDERGRADUATE AND GRADUATE PROGRAMS, OFFERED ON BOTH A PART-TIME AND FULL-TIME BASIS, SERVING BOTH PRE-EMPLOYMENT STUDENTS AND WORKING PROFESSIONALS.Expenses $569,250 · grants $24,191 · revenue $1,411,997
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
- 98-0681431
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- School
- Donations deductible
- No
- Exempt since
- 2013
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B43)
- Assets (IRS master file)
- $2,111,702
- Income (IRS master file)
- $1,420,317
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $1,420,317 | $1,077,445 | $2,111,702 | IRS |
| 990 | June 2024 | $1,816,366 | $1,719,212 | $1,603,469 | IRS |
| 990 | June 2023 | $3,321,453 | $3,098,880 | $1,751,900 | XML |
| 990 | June 2022 | $3,560,046 | $3,332,071 | $1,824,531 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 98-0681431).
Questions about EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD
- What is the EIN of EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD?
- The employer identification number (EIN) of EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD is 98-0681431.
- Is EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
- Are donations to EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD 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 UNIVERSITY ASIA LTD 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 UNIVERSITY ASIA LTD 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 UNIVERSITY ASIA LTD?
- The 990 for the year ended June 30, 2025 names JOHN WATRET PHD.
- Who are the officers and directors of EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD?
- The 990 for the year ended June 30, 2025 lists 6 people; 2 received compensation from the organization.
- How much revenue does EMBRY-RIDDLE AERONAUTICAL UNIVERSITY ASIA LTD have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $1,420,317, expenses of $1,077,445 and total assets of $2,111,702 at year end.
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