Embry-Riddle Aeronautical University Asia Ltd
- Assets
- $1.7m
- Revenue
- $4.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Daytona Beach, FL
- Founding
- 07/2013
- Data as of
- 06/2021
- EIN
- 98-0681431
Organization Overview
Embry-Riddle Aeronautical University Asia Ltd is located in Daytona Beach, FL. The organization was established in 2013. According to its NTEE Classification (B43) the organization is classified as: Universities, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Embry-Riddle Aeronautical University Asia Ltd is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Embry-Riddle Aeronautical University Asia Ltd generated $4.1m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $3.6m during the year ending 06/2021. While expenses have increased by 2.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O
Describe the Organization's Program Activity:
Part 3 - Line 4a
ERAU ASIA OFFERS PART-TIME AND FULL-TIME UNDERGRADUATE AND GRADUATE DEGREE PROGRAMS TO PRE-EMPLOYMENT AND WORKING PROFESSIONAL STUDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matthew Flaherty Vice Chancellor/exec Dir | OfficerTrustee | 50 | $223,771 |
Randall B Howard Board Member | OfficerTrustee | 3 | $0 |
John Watret Chairperson | OfficerTrustee | 5 | $0 |
Charles Sevastos Secretary | OfficerTrustee | 3 | $0 |
Quay Chew Eng Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $147,112 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $147,112 |
| Total Program Service Revenue | $3,962,782 |
| Investment income | $583 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,110,477 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $371,528 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $232,010 |
| Compensation of current officers, directors, key employees. | $224,217 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $958,587 |
| Pension plan accruals and contributions | $130,656 |
| Other employee benefits | $41,890 |
| Payroll taxes | $1,344 |
| Fees for services: Management | $2,982 |
| Fees for services: Legal | $2,450 |
| Fees for services: Accounting | $38,119 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $267,583 |
| Advertising and promotion | $115,896 |
| Office expenses | $87,831 |
| Information technology | $33,945 |
| Royalties | $0 |
| Occupancy | $32,811 |
| Travel | $776 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $20,363 |
| Interest | $1,953 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $181,815 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,573,901 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $837,047 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $625,565 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,730 |
| Net Land, buildings, and equipment | $55,352 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $156,110 |
| Total assets | $1,713,804 |
| Accounts payable and accrued expenses | $481,636 |
| Grants payable | $0 |
| Deferred revenue | $681,859 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $227,221 |
| Total liabilities | $1,390,716 |
| Net assets without donor restrictions | $323,088 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,713,804 |
Grants Recieved
Over the last fiscal year, we have identified 20 grants that Embry-Riddle Aeronautical University Asia Ltd has recieved totaling $197,009.
| Awarding Organization | Amount |
|---|---|
Omaley Family Foundation Cincinnati, OH PURPOSE: SCHOLARSHIP | $75,000 |
Marmot Foundation Mclean, VA PURPOSE: GENERAL/EDUCATIONAL | $30,000 |
Charles Koch Foundation Arlington, VA PURPOSE: GENERAL OPERATING SUPPORT | $11,156 |
Forman S Acton Educational Foundation Salem, NJ PURPOSE: THE SCHOLARSHIP IS AWARDED TO A STUDENT VIA THE UNIVERSITY TO PURSUE HIGHER EDUCATION. | $10,000 |
Angels Wings Foundation International Inc Indianapolis, IN PURPOSE: SCHOLARSHIP FOR JUKSANA MAI NGAM | $10,000 |
Ernest Wentcher Educational Fund Wilmette, IL PURPOSE: EDUCATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Webber International University Inc Babson Park, FL | $22,918,487 | $19,317,100 |
Emory University Decatur, GA | $5,794,825 | $19,416,810 |
Troy University Foundation Troy State University, AL | $216,795,680 | $14,891,109 |
Amridge University Inc Montgomery, AL | $15,939,891 | $8,229,129 |
Embry-Riddle Aeronautical University Asia Ltd Daytona Beach, FL | $1,713,804 | $4,110,477 |
University Of St Andrews American Foundation Inc Atlanta, GA | $4,257,429 | $5,837,000 |
University Of Montevallo Foundation Montevallo, AL | $53,571,630 | $6,691,852 |
Emory University Decatur, GA | $5,755,705 | $3,178,189 |
Auburn Alumni Association Inc Auburn, AL | $16,133,039 | $3,237,497 |
Emory University Decatur Raod, GA | $28,408,152 | $5,749,400 |
Cmch Elementary Inc Atlanta, GA | $599,775 | $1,669,310 |
Florida Christian University Inc Orlando, FL | $459,975 | $861,453 |