Max Planck Florida Corporation
- Assets
- $102.3m
- Revenue
- $25.7m
- Investments
- $0.0
- Employees
- 165
- Location
- Jupiter, FL
- Founding
- 04/2009
- Data as of
- 12/2022
- EIN
- 26-2117502
Organization Overview
Max Planck Florida Corporation, operating under the name Max Planck Florida Institute For Neu, is located in Jupiter, FL. The organization was established in 2009. According to its NTEE Classification (H05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Medical Research and related organizations. As of 12/2022, Max Planck Florida Institute For Neu employed 165 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Max Planck Florida Institute For Neu 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 12/2022, Max Planck Florida Institute For Neu generated $25.7m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 0.2% each year. All expenses for the organization totaled $26.6m during the year ending 12/2022. While expenses have increased by 0.6% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION'S MISSION IS TO EXPAND KNOWLEDGE OF THE BIOSCIENCES, EDUCATE AND TRAIN YOUNG SCIENTISTS FOR BIOMEDICAL RESEARCH AND IMPROVE HUMAN WELFARE BY APPLYING BREAKTHROUGHS IN RESEARCH TO THE ADVANCEMENT OF MEDICAL DIAGNOSIS AND MEDICAL CARE FOR THE PUBLIC'S BENEFIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MAX PLANCK FLORIDA CORPORATION ESTABLISHED ITS FIRST SCIENTIFIC DEPARTMENT IN THE SUMMER OF 2009 AND HAS EXPANDED TO TWO RESEARCH DIVISIONS AND SIX RESEARCH GROUPS TO FULFILL ITS PURPOSE TO EXPAND KNOWLEDGE OF THE BIOSCIENCES, AND EDUCATE AND TRAIN YOUNG SCIENTISTS FOR BIOMEDICAL RESEARCH. THE EIGHT RESEARCH LABS FOCUS IN THE AREAS OF DISORDERS OF NEURAL CIRCUIT FUNCTION, MECHANISMS OF SYNAPTIC SIGNALING AND COMPUTATION, FUNCTIONAL ARCHITECTURE AND DEVELOPMENT OF CEREBRAL CORTEX, DEVELOPMENT AND FUNCTION OF INHIBITORY NEURAL CIRCUITS, NEURONAL MECHANISMS OF EPISODIC MEMORY, NEURONAL SIGNAL TRANSDUCTION, NEURAL DYNAMICS AND COGNITIVE FUNCTIONS, AND NEUROENERGETICS. (CONTINUED ON SCHEDULE O)THE INSTITUTE AND MAX-PLANCK-GESELLSCHAFT ZUR FOERDERUNG DER WISSENSCHAFTEN E.V. (MAX PLANCK SOCIETY FOR THE ADVANCEMENT OF SCIENCE - "MAX PLANCK SOCIETY") HAVE A FUNDING AGREEMENT WHEREBY MAX PLANCK SOCIETY WILL PROVIDE ANNUAL FUNDING FOR ESSENTIAL CORE SCIENTIFIC AND ADMINISTRATIVE OPERATIONS BASED ON A MUTUALLY AGREED UPON BUDGET. DURING 2022, THE INSTITUTE RECEIVED $15,868,733 FROM MAX PLANCK SOCIETY, WHICH CONSISTS OF $14,681,590 FOR OPERATIONS, $758,952 FOR RESEARCH GROUPS, AND $428,191 FOR GRADUATE PROGRAMS FUNDING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Fitzpatrick Chief Executive Officer/scientific Director | OfficerTrustee | 40 | $466,734 |
Asifa Akhtar Chair Of The Board | OfficerTrustee | 40 | $0 |
Dirk Basting Trustee | Trustee | 1 | $0 |
George Elmore Trustee | Trustee | 1 | $0 |
Louis Freeh Trustee | Trustee | 1 | $0 |
James Harpel Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Allied Universal Security Services | 12/30/22 | $148,683 |
T&m Services Inc Janitorial Services | 12/30/22 | $138,752 |
Crowe Audit And Tax Services | 12/30/22 | $102,030 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $15,868,733 |
| Government grants | $3,595,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,602,563 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,067,073 |
| Total Program Service Revenue | $320,104 |
| Investment income | $1,354,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,926,752 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $2,208 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,710,512 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,967,858 |
| Compensation of current officers, directors, key employees. | $98,393 |
| Compensation to disqualified persons | $86,867 |
| Other salaries and wages | $9,859,110 |
| Pension plan accruals and contributions | $934,307 |
| Other employee benefits | $2,089,263 |
| Payroll taxes | $688,542 |
| Fees for services: Management | $275,681 |
| Fees for services: Legal | $33,305 |
| Fees for services: Accounting | $88,153 |
| Fees for services: Lobbying | $90,090 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $109,773 |
| Fees for services: Other | $311,662 |
| Advertising and promotion | $14,866 |
| Office expenses | $478,542 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,698,087 |
| Travel | $290,403 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $323,631 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,578,643 |
| Insurance | $457,431 |
| All other expenses | $0 |
| Total functional expenses | $26,604,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,231,805 |
| Savings and temporary cash investments | $5,223,735 |
| Pledges and grants receivable | $1,619,820 |
| Accounts receivable, net | $115,123 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $13,767 |
| Prepaid expenses and deferred charges | $700,823 |
| Net Land, buildings, and equipment | $58,171,682 |
| Investments—publicly traded securities | $35,163,412 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $97,719 |
| Total assets | $102,337,886 |
| Accounts payable and accrued expenses | $1,242,753 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $1,242,753 |
| Net assets without donor restrictions | $87,758,346 |
| Net assets with donor restrictions | $13,336,787 |
| 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 | $102,337,886 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Max Planck Florida Corporation Jupiter, FL | $102,337,886 | $25,710,512 |
Mycoses Study Group Education And Research Consortium Irondale, AL | $379,143 | $393,086 |
International Pnh Interest Group Altamonte Springs, FL | $3,106,141 | $187,295 |
Corporate Friends Of Cdc Inc Atlanta, GA | $5,006 | $0 |
Regenerative Medicine Foundation Inc Wellington, FL | $11,534 | $58,110 |
Fast Angelman Latam Foundation Coral Gables, FL | $127,027 | $0 |
Scifora Inc Longboat Key, FL | $27,157 | $0 |
International Bodytalk Foundation Inc Nokomis, FL | $13,718 | $2,616 |
Dr Wu Healing Hands Foundation Corp Miramar Beach, FL | $239 | $0 |