Embry-riddle Aeronautical
80% goes to programs $9 to raise $100 Strong reserves Growing revenue
Embry-riddle Aeronautical is a 501(c)(3) organization based in Daytona Beach, Florida, registered in 1993, with $810,190,212 in FY2023 revenue. CharityIndex grades it A, and it directs about 80% of spending to programs.
1 Aerospace Blvd, Daytona Beach, FL, 32114 EIN 59-0936101 Since 1993
Revenue (FY2023)
$810.2M
▲ 15.3% vs prior year
Education median: $200K
Expenses (FY2023)
$669.1M
Net assets
$1.2B
Employees
7,938
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
B+Program efficiency40% of the rating80% to programs · $9 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Embry-riddle Aeronautical: 80% to programs · $9 to raise $100 earns a B+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating21 mo reserves · +17% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Embry-riddle Aeronautical: 21 mo reserves · +17% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Embry-riddle Aeronautical: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Embry-riddle Aeronautical: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
Show this grade on your website
A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
See schedule o
Contact & location
- Address
- 1 Aerospace Blvd, Daytona Beach, FL, 32114
- City
- Daytona Beach
- State
- Florida
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $396.6M (FY2013) to $810.2M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $427.3MNet assets $1.2B
Operating margin
17.4%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$1.6B
Total liabilities
$427.3M
Net assets
$1.2B
Salaries & benefits
$311.1M
46% of expenses
Board members
19
18 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $810,190,212▲15.3% | $669,093,223▲11.2% | $1,165,303,030▲16.5% | $1,592,608,509▲10.4% | 990 |
| 2022 | $702,956,238▼0.3% | $601,659,234▲5.0% | $999,846,577▲13.5% | $1,443,112,700▲8.9% | 990 |
| 2021 | $704,944,658▲14.4% | $573,049,513▲10.6% | $881,074,504▲10.3% | $1,324,755,345▲4.7% | 990 |
| 2020 | $616,318,485▲9.7% | $518,217,008▲3.9% | $798,966,328▲22.5% | $1,265,271,185▲15.3% | 990 |
| 2019 | $561,742,106▲4.7% | $498,574,030▲6.6% | $652,365,614▲11.0% | $1,097,177,529▲23.8% | 990 |
| 2018 | $536,554,951▲4.6% | $467,556,780▲2.4% | $587,654,277▲13.5% | $886,582,465▲7.0% | 990 |
| 2017 | $512,764,356▲4.2% | $456,807,109▲6.2% | $517,572,076▲13.4% | $828,294,172▲8.8% | 990 |
| 2016 | $492,264,042▲11.9% | $429,954,744▲4.5% | $456,292,197▲15.8% | $761,569,391▲8.7% | 990 |
| 2015 | $439,985,155▲7.0% | $411,424,138▲4.1% | $393,982,899▲7.5% | $700,372,688▲5.2% | 990 |
| 2014 | $411,218,000▲3.7% | $395,044,000▲5.6% | $366,467,000▲5.2% | $665,824,000▲16.6% | 990 |
| 2013 | $396,634,000 | $374,154,000▲4.5% | $348,333,000▲11.0% | $571,041,000▲7.1% | 990 |
| 2012 | — | $357,882,000▲5.6% | $313,789,000▲9.3% | $533,108,000▲5.0% | 990 |
| 2011 | — | $338,908,000▲8.2% | $287,047,000▲9.3% | $507,755,000▲3.5% | 990 |
| 2010 | — | $313,239,000▲4.6% | $262,724,000▲21.3% | $490,734,000▲11.6% | 990 |
| 2009 | — | $299,444,000 | $216,533,000 | $439,830,000 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Patrick Barry Butler — $939,188 (0.14% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Patrick Barry Butler | President | 50 | $939,188 |
| Randall B Howard | Svp & Cfo | 50 | $623,500 |
| Steven Ridder | Head Basketball Coach Db | 40 | $514,635 |
| John Watret | Chancellor, Worldwide Campus | 40 | $508,633 |
| Rodney Cruise | Svp & Coo | 40 | $465,352 |
| James Gregory | Dean, College of Engineering | 40 | $382,645 |
| Marie Annette Karlsson Term 7312024 | Chancellor, Prescott Campus | 40 | $349,744 |
| Kelly Dowling | Svp Philanthropy & Alumni Engagement | 40 | $324,833 |
| Jason Ruckert | Svp, Enrollment Mgmt/mktg | 40 | $312,833 |
| Charles Sevastos | Vice President & General Counsel | 40 | $300,459 |
| Barbara Holder | Assoc Professor of School of Grad Studies | 40 | $294,124 |
| Rebecca Vasquez | Vice President & Cio | 40 | $269,472 |
| Riccardo Bevilacqua | Interim Assoc Dean For Research & Grad Studies | 40 | $267,552 |
| Brandon Young | Vice President & Chro | 40 | $265,914 |
| Shanan Gibson | Dean, O'maley College of Business | 40 | $265,738 |
| Alan Stolzer | Dean, College of Aviation | 40 | $255,115 |
| Jeremy Ernst | Vp, Research & Doctoral Programs | 40 | $239,211 |
| Kevin Kreide Term 10312023 | Vice President, Facilities | 40 | $211,023 |
| Kelly Austin | Svp, Academic Affairs & Provost | 40 | $207,413 |
| Frances Ayers | Former Chancellor, Prescott Campus | 40 | $155,815 |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Sodexo Inc | Food and Facilities Mgmt | $30,470,364 |
| Perry Mccall Construction Inc | Construction Services | $8,513,585 |
| Coleman Goodemote Construction Inc | Construction Services | $4,614,292 |
| Hes Intermediate Holdings LLC | Cleaning Services | $3,855,319 |
| B Team Construction Inc | Construction Services | $3,004,544 |
Grants received · $7.7M total
152 grants to Embry-riddle Aeronautical totaling $7.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Hispanic Scholarship Fund | To provide scholarships for students | 2024 | $203,700 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Education | 2024 | $110,000 |
| Charities Aid Foundation America | Charitable donation | 2024 | $88,393 |
| American Online Giving Foundation Inc | General support | 2024 | $52,331 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $24,157 |
| Ayco Charitable Foundation | Education | 2024 | $21,000 |
| Founders Pledge Inc | Fund charitable activities | 2024 | $20,000 |
| Arizona Community Foundation | This award is designated support for the facility dog support proposal | 2024 | $15,000 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $13,500 |
| Greater Cincinnati Foundation | Programatic support | 2024 | $13,500 |
| The Pittsburgh Foundation | Higher education | 2024 | $12,000 |
| Tulsa Community Foundation | Scholarships | 2024 | $10,000 |
| Foundation For the Carolinas | Charitable gift | 2024 | $10,000 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $5,120 |
| Institute of International Education Inc | Education exchange | 2023 | $322,499 |
Grants made · $6.1M in FY2023
8 grants totaling $6.1M in FY2023. All grants made by Embry-riddle Aeronautical →
| Recipient | Purpose | Amount |
|---|---|---|
| Space Florida | To increase the university's research opportunities and collaborations with industry, and increase student demand and world-class job opportunities for its graduates. | $6,000,000 |
| Experimental Aircraft Association Inc | National convention sponsorship and sponsor student membership | $75,000 |
| Air & Space Forces Association | Organization sponsorship | $25,000 |
| Museum of Arts & Sciences | Exhibit sponsorship | $15,000 |
| Museum of Flight Foundation | Awards event sponsorship | $10,000 |
| Brown Riverfront Esplanade Foundation Inc | Sponsor community project | $10,000 |
| Daytona Regional Chamber of Commerce | Organization sponsorship | $7,950 |
| Motorsports Charities Inc | Organization sponsorship | $7,000 |
Similar organizations in Education
Education
Step Up For Students - Florida Inc
Jacksonville, FL
$904.6M
C+annual revenue
Education
Nova Southeastern University Inc
Ft Lauderdale, FL
$1.0B
Aannual revenue
- Education
Renaissance Charter School Inc
Ft Lauderdale, FL
$508.9M
C+annual revenue
Education
University of Tampa
Tampa, FL
$493.8M
Aannual revenue
Education
Uma Education Inc
Tampa, FL
$457.3M
Aannual revenue
- Education
University Medical Service Association Inc
Tampa, FL
$392.0M
B+annual revenue
Education
Rollins College
Winter Park, FL
$281.3M
Aannual revenue
- Education
Mater Academy Inc
Miami, FL
$276.3M
Aannual revenue
Education
University of Florida Foundation Inc
Gainesville, FL
$260.6M
B+annual revenue
Education
Stetson University Inc
Deland, FL
$250.4M
Aannual revenue
Compare Embry-riddle Aeronautical
Frequently asked questions
- Is Embry-riddle Aeronautical a legitimate nonprofit?
- Yes. Embry-riddle Aeronautical is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 59-0936101, based in Daytona Beach, Florida. Donations are tax-deductible.
- What is Embry-riddle Aeronautical's EIN?
- Embry-riddle Aeronautical's Employer Identification Number (EIN) is 59-0936101.
- How much revenue does Embry-riddle Aeronautical report?
- Embry-riddle Aeronautical reported $810,190,212 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Embry-riddle Aeronautical's spending goes to programs?
- Embry-riddle Aeronautical spends about 80% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Embry-riddle Aeronautical have?
- CharityIndex grades Embry-riddle Aeronautical A, based on program efficiency and fundraising cost.
- How much does Embry-riddle Aeronautical's highest-paid employee make?
- The highest reported compensation on Embry-riddle Aeronautical's latest Form 990 is $939,188, paid to Patrick Barry Butler (President).
More nonprofits in Daytona Beach
Explore more
Data for Embry-riddle Aeronautical (EIN 59-0936101) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.