Max Planck Florida Foundation Inc
- Assets
- $0.0
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Jupiter, FL
- Founding
- Data as of
- 11/2018
- EIN
- 27-2007902
Organization Overview
Max Planck Florida Foundation Inc is located in Jupiter, FL. Max Planck Florida Foundation Inc 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 11/2018, Max Planck Florida Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.5% each year. All expenses for the organization totaled $160.3k during the year ending 11/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
THE MAX PLANCK FLORIDA FOUNDATION, INC (MPFF) WAS ESTABLISHED TO SECURE PRIVATE PHILANTHROPIC SUPPORT FROM INDIVIDUALS, CORPORATIONS, AND FOUNDATIONS ACROSS THE UNITED STATES AND INTERNATIONALLY IN SUPPORT OF THE SCIENTIFIC MISSION, OBJECTIVES, AND PROGRAMS OF THE MAX PLANCK FLORIDA INSTITUTE FOR NEUROSCIENCE, A NOT-FOR-PROFIT RESEARCH ORGANIZATION DEDICATED TO ANSWERING FUNDAMENTAL QUESTIONS ABOUT BRAIN DEVELOPMENT AND FUNCTION AND DEVELOPING NEW TECHNOLOGIES ENABLING GROUNDBREAKING DISCOVERIES. MPFF RAISES FUNDS TO ADVANCE NEUROSCIENCE RESEARCH, BRING CUTTING-EDGE TECHNOLOGIES TO THE INSTITUTE, AND TRAIN THE NEXT GENERATION OF THE BEST AND BRIGHTEST GRADUATE AND POST-GRADUATE SCIENTIFIC INVESTIGATORS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES IN SUPPORT OF PROGRAM SERVICES WERE USED TO PROVIDE FUNDING IN RESEARCH TRAINING FELLOWSHIPS, DIRECT RESEARCH IN NEUROSCIENCE, PRESENT A LECTURE SERIES TO THE PALM BEACH COUNTY RESIDENTS AND VISITORS ADVANCING THE ROLE OF MAX PLANCK RESEARCH IN BRAIN FUNCTION AND OTHER SCIENTIFIC DISCIPLINES THROUGHOUT THE WORLDWIDE MAX PLANCK ORGANIZATIONS, HOST SCIENTIFIC SYMPOSIA MEETINGS BRINGING WORLD RENOWNED SCIENTISTS TO SHARE AND COLLABORATE DISCOVERIES, AND RECURRING FUND RAISING ACTIVITIES AND EVENTS. THE FOUNDATION MAY ALSO ENGAGE IN ACTIVITIES TO SECURE FUNDS FROM GOVERNMENTAL SOURCES FOR THE BENEFIT OF THE INSTITUTE. FUNDS RECOGNIZED BY THE FOUNDATION FROM THESE ACTIVITIES WERE $1,639,101 AND $889,101 FOR THE YEARS ENDED DECEMBER 31, 2018 AND 2017, RESPECTIVELY. IN NOVEMBER 2018, MPFF MERGED ITS OPERATIONS AND ASSETS INTO MAX PLANCK FLORIDA CORPORATION, A RELATED TAX-EXEMPT ORGANIZATION AND THE SOLE MEMBER OF MPFF. AT THAT TIME, MPFF CEASED TO EXIST AS A SEPARATE LEGAL ENTITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Name Not Listed Chairman | OfficerTrustee | 1 | $0 |
Name Not Listed Secretary | OfficerTrustee | 1 | $0 |
Name Not Listed Treasurer | OfficerTrustee | 1 | $0 |
Name Not Listed Director/ceo Of Max Planck Florida Corporation | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Name Not Listed Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,639,101 |
| All other contributions, gifts, grants, and similar amounts not included above | $241,740 |
| Noncash contributions included in lines 1a–1f | $1,685 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,880,841 |
| Total Program Service Revenue | $0 |
| Investment income | $75,873 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $73,856 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,030,570 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $16,344 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $17,085 |
| Fees for services: Other | $3,897 |
| Advertising and promotion | $1,515 |
| Office expenses | $8,190 |
| Information technology | $14,441 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $246 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,113 |
| All other expenses | $0 |
| Total functional expenses | $160,320 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $0 |