Overview
What is Embry-Riddle Aeronautical University Inc?
Embry-Riddle Aeronautical University Inc, established in 1926, is the oldest and largest private, co-educational institution of higher learning in the world, focusing on aviation and aerospace. With a diverse student body and 7,270 employees, the university offers associate, bachelor's, master's, and doctoral degrees, as well as professional education through seminars and short courses, in various fields including applied science, aviation, business, computers and technology, engineering, safety, security and intelligence, and space. The university's mission is to teach the science, practice, and business of aviation and aerospace, preparing students for successful careers and leadership roles in various industries. With a global impact, Embry-Riddle's academic programs, continuing education, and applied research contribute to the growth and technological advancements within the aviation and aerospace industry.
Official website here: www.erau.edu
What are the reviews and ratings of this charity?
Charity Navigator rating: 100%, Four-Star out of Four Star rating.
Embry-Riddle Aeronautical University Inc has achieved a perfect score of 100%, reflecting its strong commitment to accountability and finance. This rating is primarily based on its impressive performance across multiple metrics, particularly its independent board composition and financial transparency. With 93% of board members being independent and a high score in both audit oversight and material asset management, the organization demonstrates a robust governance structure.
The organization's financial health is also notable, with a liabilities to assets ratio of 30.71%, indicating sound fiscal management. Additionally, a significant portion of its expenses, 78.98%, is dedicated directly to programs, showcasing its focus on mission-related activities. The presence of comprehensive policies concerning conflicts of interest, whistleblower protections, and document retention further strengthens its profile.
While the rating is exceptionally high, there is no mention of any specific program impact or effectiveness measures in the available data. This absence does not detract from its financial and governance strengths but leaves potential donors and stakeholders seeking more information on the tangible outcomes of its initiatives.
This AI summary has been generated from information found on Charity Navigator.
Is Embry-Riddle Aeronautical University Inc legitimate?
Embry-Riddle Aeronautical University Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Embry-Riddle Aeronautical University Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $4,459,083
Professional Fundraising Fees: $0
Other Salaries and Wages: $201,696,046
For more financial information, click here
Official website here: www.erau.edu
What is the mission statement of Embry-Riddle Aeronautical University Inc?
Embry-Riddle Aeronautical University Inc is a renowned institution of higher learning, recognized as the largest and oldest aviation and aerospace-focused university globally. Its mission is centered around teaching the science, practice, and business of aviation and aerospace, preparing students for successful careers and leadership roles in various industries, including business, government agencies, and the military. The university's roots in aviation date back to 1926, giving it a rich history and solid reputation within the field. Through its academic programs, continuing education, and applied research, Embry-Riddle contributes significantly to the growth and technological advancements within the aviation and aerospace industry. Its reach extends far beyond the student body, with the contributions of its students, faculty, and staff making a lasting impact on the industry at large.
Official website here: www.erau.edu
Who is the CEO of Embry-Riddle Aeronautical University Inc?
Randall B Howard is the Principal Officer of Embry-Riddle Aeronautical University Inc.
Official website here: www.erau.edu
What is the revenue of Embry-Riddle Aeronautical University Inc?
Embry-Riddle Aeronautical University Inc's revenue in 2022 was $704,944,658.
Official website here: www.erau.edu
Who are the executives of Embry-Riddle Aeronautical University Inc and what are their salaries?
The average compensation at Embry-Riddle Aeronautical University Inc during 2022 was $28,357. There are 7270 employees at Embry-Riddle Aeronautical University Inc.
Here are 35 key members and their salaries:
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- Compensation: $125,997
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- Other: $15,557
Official website here: www.erau.edu
Where can I find the form 990 for Embry-Riddle Aeronautical University Inc?
Embry-Riddle Aeronautical University Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.erau.edu
Learn more at the official website: www.erau.edu
Mission Statement of Embry-Riddle Aeronautical University Inc
Embry-Riddle Aeronautical University, a pioneer in higher education with a focus on aviation and aerospace, is dedicated to imparting the scientific, practical, and business aspects of these fields. Established in 1926, the university has grown to become the largest and oldest institution of its kind in the world, adapting to the evolving needs of the aviation and aerospace industries and other STEM-related disciplines. Embry-Riddle's mission is to educate students for successful careers and leadership roles within businesses, government agencies, and the military. Its reputation as a leader in aviation and aerospace higher education is rooted in its rich aviation history. By offering programs in fields such as applied science, aviation, business, computers and technology, engineering, safety, security and intelligence, and space, the university supports the growth and technological advancements of the entire aviation and aerospace industry. Embry-Riddle's students, faculty, and staff contribute significantly to this field, making a substantial impact that extends beyond the student body.
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Impact
October, 2024
Embry-Riddle Aeronautical University Inc significantly impacts the aviation and aerospace sectors through its comprehensive academic programs and innovative research. As the largest and oldest institution dedicated to these fields, it plays a crucial role in shaping the future workforce of aviation and aerospace professionals. The university offers a diverse array of programs across seven primary disciplines, including applied science, aviation, business, engineering, and space, catering to a wide range of interests and career aspirations.
By continuously evolving alongside the industry, Embry-Riddle ensures that its curriculum stays relevant and meets the dynamic needs of the aviation and aerospace landscape. This adaptability not only prepares students for successful careers but also fosters technological advancements that benefit the global aerospace infrastructure. The contributions of students, faculty, and staff extend far beyond the university, influencing practices and policies within the industry and supporting growth in STEM-related fields.
Embry-Riddle's strong emphasis on teaching the science, practice, and business of aviation and aerospace effectively equips graduates for leadership roles in various sectors, including business, government, and the military. This commitment to education not only enhances individual careers but also strengthens the overall workforce, promoting innovation and advancement in aviation and aerospace. Through its dedication to producing highly skilled professionals, Embry-Riddle plays an instrumental role in driving progress within these vital industries.
This information is meant to be a general summary of Embry-Riddle Aeronautical University Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $14,444,543
- Program Service Revenue: $596,750,358
- Gross Receipts: $1,095,679,308
Assets and Liabilities:
- Total Assets: $1,324,755,345
- Total Liabilities: $443,680,841
- Net Assets: $881,074,504
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HIGHER EDUCATION
Revenue
$596,750,358
Organization Details
Founding Year
1960
Phone
(386) 226-6000Principal Officer
Randall B Howard
Main Address
1 AEROSPACE BLVD, DAYTONA BEACH, FL, 32114
Website
www.erau.eduNTEE Category
Code: B430 - Education
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