2025-10-29T12:12:01+00:00 2024-12-31 440160260 Forvis Mazars LLP 255 South Orange Avenue Suite 600 Orlando FL 32801 990 2024-01-01 262117502 Max Planck Florida Corporation MAXP 5619729000 ONE MAX PLANCK WAY JUPITER FL 33458 DAVID FITZPATRICK CHIEF EXECUTIVE OFFICER/SC 5619729000 2025-10-29 true true Peter Gubler P00190185 4077405400 2025-10-29 2024 2025-03-06 01:10:19Z MAX PLANCK FLORIDA INSTITUTE FOR NEUROSCIENCE DAVID FITZPATRICK ONE MAX PLANCK WAY JUPITER FL 33458 33508349 false X https://mpfi.org/ X 2007 FL 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. 17 14 184 25 0 25631436 30727872 428754 388524 335647 2350752 8967 38527 26404804 33505675 0 0 16787807 17624938 0 799836 12584246 15012713 29372053 32637651 -2967249 868024 105851053 108590538 2957061 1835234 102893992 106755304 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. false false 30364117 427051 MAX PLANCK FLORIDA CORPORATION ESTABLISHED ITS FIRST SCIENTIFIC DEPARTMENT IN THE SUMMER OF 2009 AND HAS EXPANDED TO THREE 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 NINE RESEARCH LABS FOCUS IN THE AREAS OF NEURONAL CONTROL OF LOCOMOTION, DISORDERS OF NEURAL CIRCUIT FUNCTION, FUNCTIONAL ARCHITECTURE AND DEVELOPMENT OF CEREBRAL CORTEX, NEURAL DYNAMICS AND COGNITIVE FUNCTIONS, NEUROENERGETICS, INTEGRATIVE NEURAL CIRCUITS AND BEHAVIOR, MOLECULAR BIOTECHNOLOGY FOR NEURAL DYNAMICS AND THERAPEUTICS, NEURONAL MECHANISMS OF EPISODIC MEMORY, AND NEURONAL SIGNAL TRANSDUCTION. 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 2024, THE INSTITUTE RECEIVED $19,328,825 FROM MAX PLANCK SOCIETY, WHICH CONSISTS OF $17,089,000 FOR OPERATIONS, $1,042,231 FOR SUPPLEMENTAL EQUIPMENT FUNDING, $772,869 FOR RESEARCH GROUPS, AND $424,725 FOR GRADUATE PROGRAMS FUNDING. 30364117 true true false true false false false true false true true false false false false true true false false false true false false false false false false false false true false false false false false false false false false false false false false false false true true true false false true 47 0 true 184 true false false false false false false false false false false false false X 17 14 false false false false true true true true true false false false true true true true true true true true false false FL X DORIS FORCHHEIMER 5619729000 ONE MAX PLANCK WAY JUPITER FL 33458 ASIFA AKHTAR CHAIR OF THE BOARD 40.0 X X 0 0 0 DAVID FITZPATRICK CHIEF EXECUTIVE OFFICER 40.0 X X 483950 0 60029 BILL POPE TRUSTEE 1.0 X 0 0 0 DAVID FISCHER TRUSTEE 1.0 X 0 0 0 DIRK BASTING TRUSTEE 1.0 X 0 0 0 GEORGE ELMORE TRUSTEE 1.0 X 0 0 0 JAMES HARPEL TRUSTEE 1.0 X 0 0 0 JAMES WEINSTEIN TRUSTEE 1.0 X 0 0 0 KENNETH KAHN TRUSTEE 1.0 X 0 0 0 KLEPER DE ALMEIDA TRUSTEE 1.0 X 0 0 0 LOUIS FREEH TRUSTEE 1.0 X 0 0 0 MARKUS SCHLEIER TRUSTEE 1.0 X 0 0 0 MARY JANE PANATTONI TRUSTEE 1.0 X 0 0 0 MICHAEL MITRIONE TRUSTEE 1.0 X 0 0 0 NASSER KAZEMINY TRUSTEE 1.0 X 0 0 0 RICHARD SLOANE TRUSTEE 1.0 X 0 0 0 WENDY BINGHAM COX TRUSTEE 1.0 X 0 0 0 DORIS FORCHHEIMER VP FINANCE 40.0 X 202643 0 53127 HOLLIE PEREZ VP HUMAN RELATIONS 40.0 X 213116 0 38352 IVAN BAINES COO/TREASURER 40.0 X 457254 0 44691 LIN TIAN SCIENTIFIC DIRECTOR 40.0 X 493349 0 44265 RYOHEI YASUDA SCIENTIFIC DIRECTOR 40.0 X 365288 0 68420 HIDEHIKO INAGAKI RESEARCH GROUP LEADER 40.0 X 155433 0 35283 IDRIS EL- AMIN HEAD, VETERINARIAN 40.0 X 190983 0 53122 MARTHA BOLTON RESEARCH GROUP LEADER 40.0 X 162569 0 27593 NAOMI KAMASAWA HEAD, IMAGING & ELECTRON MICROSCOPY 40.0 X 180833 0 42683 YINGXUE WANG RESEARCH GROUP LEADER 40.0 X 161631 0 27593 3067049 0 495158 31 false true false T&M SERVICES INC 31 NE 1ST STREET POMPANO BEACH FL 33060 JANITORIAL SERVICES 179954 1 19328825 8713495 2685552 30727872 RESEARCH SERVICES/INSTRUCTION 541715 388524 388524 0 0 0 0 388524 1205849 1205849 0 0 977078 167825 0 0 977078 167825 1144903 1144903 0 3477 2674 803 803 OTHER INCOME 900099 37724 37724 0 0 0 0 37724 33505675 427051 0 2350752 3562507 3325805 149103 87599 10699430 10126745 274592 298093 728504 689540 18380 20584 1780999 1676868 52228 51903 853498 805026 25155 23317 57415 49983 4086 3346 73813 64258 5253 4302 90090 90090 112288 0 112288 0 1023719 891205 72852 59662 135742 126792 7887 1063 424967 360651 24629 39687 703558 604358 71896 27304 2427552 2129805 273247 24500 665187 639119 18556 7512 416273 394564 13720 7989 4376970 4096691 256806 23473 509112 416740 81396 10976 SCIENTIFIC CONTRACT SER 3851813 3850836 896 81 EVENTS 129288 101053 10287 17948 RECRUITMENT 14926 14078 441 407 0 0 0 0 32637651 30364117 1473698 799836 357325 517827 3699733 2157714 2193992 5207971 112499 168263 0 0 0 0 14355 14782 802306 1371999 108922072 50623779 59289843 58298293 40379005 39279512 0 0 370064 101488 104620 105851053 108590538 2957061 1835234 0 0 0 0 2957061 1835234 88559905 90650057 14334087 16105247 102893992 106755304 105851053 108590538 868024 2993288 0 X false true true true true X 21149041 21461814 22067073 25631436 30727872 121037236 0 0 21149041 21461814 22067073 25631436 30727872 121037236 0 121037236 626136 1350039 1354824 818795 1261386 5411180 0 17476 45451 43619 11000 41201 158747 126607163 158747 0.95601 0.95492 X Schedule A, Part II, Line 10 EXPLANATION FOR OTHER INCOME: VENDING INCOME MISCELLANEOUS INCOME 2020 AMOUNT: $ 17,476. 2021 AMOUNT: $ 45,451. 2022 AMOUNT: $ 43,619. 2023 AMOUNT: $ 11,000. 2024 AMOUNT: $ 41,201 Schedule A, Part II, Line 10 Other Income DESCRIPTION - VENDING INCOME MISCELLANEOUS INCOME, COLUMN A - 17476.0, COLUMN B - 45451.0, COLUMN C - 43619.0, COLUMN D - 11000.0, COLUMN E - 41201.0, COLUMN F - 158747.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false true 90090 false false 90090 false Schedule C, Part II-B, Line 1 LOBBYING ACTIVITIES: THE INSTITUTE ENGAGED A CONSULTANT TO CONDUCT LOBBYING ON ITS BEHALF. 32995 X false 8878787 0 1356367 10235154 7599889 51585 1227313 8878787 7704935 92637 -191076 6607 7599889 6435282 21233 1254713 6293 7704935 5881715 12693 550276 9402 6435282 0.0 0.38 0.62 false false 6000000 6000000 66523163 22045118 44478045 35465294 27749982 7715312 933615 828679 104936 58298293 0 X 36389349 2993288 0 2993288 33396061 112288 0 112288 33508349 32528037 0 0 32528037 112288 0 112288 32640325 Schedule D, Part X, Line 2 THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. Schedule D, Part XI, Line 2(d) OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD Schedule D, Part XII, Line 2(d) OTHER ADJUSTMENTS: GIFT SHOP COST OF GOODS SOLD Schedule D, Part V PART V, LINE 4: MAX PLANCK FLORIDA INSTITUTE FOR NEUROSCIENCE'S ENDOWMENT FUND WAS ESTABLISHED FOR FUTURE GROWTH AND DEVELOPMENT OF THE INSTITUTE. THE INSTITUTE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE INSTITUTE MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER OUTLINED IN THE INVESTMENT POLICY. THIS INVESTMENT POLICY'S PURPOSE IS TO PROVIDE GUIDANCE TO THE INVESTMENT MANAGERS REGARDING THE INSTITUTE'S OBJECTIVES AND GOALS WITH REGARD TO THE ENDOWMENT INVESTING. SPECIFICALLY, IT OUTLINES THE RISK TOLERANCE AREAS OF THE INSTITUTE AS WELL AS DEFINING THE LIMITATIONS IN THE PORTFOLIO OF INVESTMENTS. THE INSTITUTE EXPECTS ITS ENDOWMENT FUNDS, OVER TIME TO PROVIDE AN AVERAGE RATE OF RETURN THAT PERMITS A PREDICTABLE AND SUSTAINABLE SPENDING RATE OF THE AVERAGE MARKET VALUE OF ENDOWMENT ASSETS BY ACHIEVING ANNUAL GROWTH IN VALUE AT A RATE EQUAL TO THE SUM OF THE ANNUAL SPENDING RATE AND THE ANNUAL RATE OF INFLATION. Schedule D, Part III, Line 4 THE ORGANIZATION MAINTAINS ARTWORK IN ITS STATE-OF-THE-ART RESEARCH FACILITY AS PART OF THE BUILDING'S DECOR. A PAINTING IN THE LOBBY TITLED "CORTICAL LANDSCAPE" BY GREG DUNN AND OUTDOOR SCULPTURE TITLED "TO BE OR NOT TO BE" BY GERTRUDE SCHWEITZER. Schedule D, Part III, Line 4 Collections of art - description of collections THE ORGANIZATION MAINTAINS ARTWORK IN ITS STATE-OF-THE-ART RESEARCH FACILITY AS PART OF THE BUILDING'S DECOR. A PAINTING IN THE LOBBY TITLED "CORTICAL LANDSCAPE" BY GREG DUNN AND OUTDOOR SCULPTURE TITLED "TO BE OR NOT TO BE" BY GERTRUDE SCHWEITZER. Schedule D, Part V, Line 4 Intended uses of endowment funds MAX PLANCK FLORIDA INSTITUTE FOR NEUROSCIENCE'S ENDOWMENT FUND WAS ESTABLISHED FOR FUTURE GROWTH AND DEVELOPMENT OF THE INSTITUTE. THE INSTITUTE HAS ADOPTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT ATTEMPT TO PROVIDE A PREDICTABLE STREAM OF FUNDING TO PROGRAMS SUPPORTED BY ITS ENDOWMENT WHILE SEEKING TO MAINTAIN THE PURCHASING POWER OF THE ENDOWMENT ASSETS. ENDOWMENT ASSETS INCLUDE THOSE ASSETS OF DONOR-RESTRICTED FUNDS THAT THE INSTITUTE MUST HOLD IN PERPETUITY OR FOR A DONOR-SPECIFIED PERIOD(S) AS WELL AS BOARD-DESIGNATED FUNDS. UNDER THIS POLICY, AS APPROVED BY THE BOARD OF TRUSTEES, THE ENDOWMENT ASSETS ARE INVESTED IN A MANNER OUTLINED IN THE INVESTMENT POLICY. THIS INVESTMENT POLICY'S PURPOSE IS TO PROVIDE GUIDANCE TO THE INVESTMENT MANAGERS REGARDING THE INSTITUTE'S OBJECTIVES AND GOALS WITH REGARD TO THE ENDOWMENT INVESTING. SPECIFICALLY, IT OUTLINES THE RISK TOLERANCE AREAS OF THE INSTITUTE AS WELL AS DEFINING THE LIMITATIONS IN THE PORTFOLIO OF INVESTMENTS. THE INSTITUTE EXPECTS ITS ENDOWMENT FUNDS, OVER TIME TO PROVIDE AN AVERAGE RATE OF RETURN THAT PERMITS A PREDICTABLE AND SUSTAINABLE SPENDING RATE OF THE AVERAGE MARKET VALUE OF ENDOWMENT ASSETS BY ACHIEVING ANNUAL GROWTH IN VALUE AT A RATE EQUAL TO THE SUM OF THE ANNUAL SPENDING RATE AND THE ANNUAL RATE OF NFLATION. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS MADE IN THE ACCOMPANYING FINANCIAL STATEMENTS. East Asia and the Pacific 0 0 Program Services Research supplies, services and conference travel 10245 Europe (Including Iceland and Greenland) 0 0 Program Services Research supplies, services and conference travel 584809 Middle East and North Africa 0 0 Program Services Research supplies, services and conference travel 2146 North America (Canada & Mexico only) 0 0 Program Services Research supplies, services and conference travel 59405 South America 0 0 Program Services Research supplies, services and conference travel 2432 0 0 0 0 0 0 659037 0 659037 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; NORTH AMERICA (CANADA & MEXICO ONLY)-Accrual; SOUTH AMERICA-Accrual X true true X X X false false false false false false false true false DAVID FITZPATRICK CHIEF EXECUTIVE OFFICER 457242 0 0 0 26708 0 36300 0 23729 0 543979 0 0 0 LIN TIAN SCIENTIFIC DIRECTOR 466439 0 0 0 26910 0 13200 0 31065 0 537614 0 0 0 RYOHEI YASUDA SCIENTIFIC DIRECTOR 341046 0 0 0 24242 0 36300 0 32120 0 433708 0 0 0 IVAN BAINES COO/TREASURER 353690 0 100000 0 3564 0 33896 0 10795 0 501945 0 0 0 DORIS FORCHHEIMER VP FINANCE 199769 0 0 0 2874 0 22215 0 30912 0 255770 0 0 0 HOLLIE PEREZ VP HUMAN RELATIONS 212059 0 0 0 1057 0 14302 0 24050 0 251468 0 0 0 IDRIS EL- AMIN HEAD, VETERINARIAN 185565 0 0 0 5418 0 21433 0 31689 0 244105 0 0 0 NAOMI KAMASAWA HEAD, IMAGING & ELECTRON MICROSCOPY 156206 0 0 0 24627 0 19746 0 22937 0 223516 0 0 0 HIDEHIKO INAGAKI RESEARCH GROUP LEADER 155147 0 0 0 286 0 17035 0 18248 0 190716 0 0 0 MARTHA BOLTON RESEARCH GROUP LEADER 161160 0 0 0 1409 0 17474 0 10119 0 190162 0 0 0 YINGXUE WANG RESEARCH GROUP LEADER 161159 0 0 0 472 0 17474 0 10119 0 189224 0 0 0 Schedule J, Part I, Line 1a First-class or charter travel THE EXECUTIVE TEAM TRAVELS BUSINESS CLASS WHEN TRAVELING OVERSEAS. IN SOME CASES THE EXECUTIVE TEAM TRAVELS FIRST CLASS WHEN TRAVELING DOMESTICALLY. Schedule J, Part I, Line 7 Non-fixed payments THE ORGANIZATION PAID DISCRETIONARY PERFORMANCE AND RELOCATION BONUSES DURING 2024. Form 990, Part I, Line 1 DESCRIPTION OF ORGANIZATION MISSION: 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. Form 990, Part III, Line 4a PROGRAM SERVICE ACCOMPLISHMENTS: 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 2024, THE INSTITUTE RECEIVED $19,328,825 FROM MAX PLANCK SOCIETY, WHICH CONSISTS OF $17,089,000 FOR OPERATIONS, $1,042,231 FOR SUPPLEMENTAL EQUIPMENT FUNDING, $772,869 FOR RESEARCH GROUPS, AND $424,725 FOR GRADUATE PROGRAMS FUNDING. Form 990, Part VI, Line 6 SECTION A, LINE 6: MAX PLANCK FLORIDA CORPORATION HAS ONE MEMBER, MAX-PLANCK-GESELLSCHAFT ZUR FOERDERUNG DER WISSENSCHAFTEN E.V. (MAX PLANCK SOCIETY FOR THE ADVANCEMENT OF SCIENCE - "MAX PLANCK SOCIETY"). Form 990, Part VI, Line 7a SECTION A, LINE 7A: PURSUANT TO SECTION 5.3 PARAGRAPH (A) OF THE ORGANIZATION'S BYLAWS, THE ELECTION OF TRUSTEES SHALL TAKE PLACE AT THE ANNUAL MEETING OF THE MEMBER (MAX PLANCK SOCIETY.) PURSUANT TO SECTION 5.5 OF THE ORGANIZATION'S BYLAW, ANY TRUSTEE MAY BE REMOVED FROM OFFICE FOR ANY REASON BY THE MEMBER (MAX PLANCK SOCIETY) AT ANY REGULAR OR SPECIAL MEETING CALLED FOR THAT PURPOSE. Form 990, Part VI, Line 7b SECTION A, LINE 7B: PURSUANT TO SECTION 4.5 OF THE ORGANIZATION'S BYLAWS, THE FOLLOWING ACTIONSMUST BE APPROVED BY THE MEMBER (MAX PLANCK SOCIETY). -ANY CHANGE IN THE MEMBERSHIP OF THE CORPORATION -ANY MERGER OR CONSOLIDATION OF THE CORPORATION WIH OR INTO ANY OTHER ENTITY, OR OF ANY OTHER ENTITY WITH OR INTO THE CORPORATION; -CHANGE THE TAX-EXEMPT STATUS OF THE CORPORATION -THE FORMATION OF ANY SUBSIDIARY ENTITIES; -ANY PURCHASE OR OTHER ACQUISITION OF ASSETS AT AN AGGREGATE COST TO THE CORPORATION IN EXCESS OF TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000); -ANY INCURRENCE OF LOANS OR OTHER INDEBTEDNESS BY THE CORPORATION IN AN AMOUNT IN EXCESS OF FIFTY THOUSAND DOLLARS ($50,000); -ANY AMENDMENT TO THE ARTICLES OF INCORPORATION OR THE BYLAWS OF THE CORPORATION; -THE DISSOLUTION OR LIQUIDATION OF THE CORPORATION; -THE AUTHORIZATION FOR THE EMPLOYEMENT OR DISCHARGE OF ANY INDIVIDUAL AT THE SENIOR DIRECTORS MANAGEMENT LEVEL (E.G. OFFICERS OF THE CORPORATION, EXECUTIVE TEAM, SCIENTIFIC DIRECTORS AND RESEARCH GROUP LEADERS), OR FOR THE EXECUTION AND DELIVERY OF ANY EMPLOYMENT ,OR INDEPENDENT CONTRACTOR AGREEMENT FOR ANY EMPLOYEE OR INDEPENDENT CONTRACTOR WHOSE ANNUAL BASE MAX PLANCK FLORIDA CORPORATION 26-2117502 COMPENSATION EXCEEDS ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000), OR THE MODIFICATION OR TERMINATION THEREOF; -THE ENTERING INTO OF ANY CONTRACT BY THE CORPORAION FOR MATERIALS OR SERVICES AT AN AGGREGATE CONTRACT PRICE IN EXCESS OF TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000); -THE CREATION OF ANY INDEBTEDNESS OR ANY OTHER OBLIGATION OF THE CORPORATION IN EXCESS OF FIFTY THOUSAND DOLLARS($50,000); -THE COMPENSATION TO BE PAID TO TRUSTEES OR COMMITTEE MEMBERS; -ANY DECISION AFFECTING THE FILING OF CORPORATE TAX RETURNS OR THE HANDLING OF CORPORATE TAX MATTERS; AND -THE APPOINTMENT OF ANY PROFESSOR OR ASSOCIATE PROFESSOR TO ANY INSTITUTE DEVELOPED OR MAINTAINED BY THE CORPORATION. IN ADDITION, TWO OF THE TRUSTEE POSITIONS SHALL BE RESERVED FOR REPRESENTATIVES OF MAX PLANCK SOCIETY. Form 990, Part VI, Line 11b SECTION B, LINE 11B: THE GOVERNING BODY REVIEWS FORM 990 AND THE RELATED SCHEDULES ALONG WITH THE AUDIT COMMITTEE AND MANAGEMENT. THESE INDIVIDUALS REVIEW THE FORM 990, PREPARED BY AN OUTSIDE CPA, IN ITS ENTIRETY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE AND COMMUNICATE TO THE BOARD OF TRUSTEES AT THE NEXT SCHEDULED BOARD MEETING. THIS APPROVAL PROCESS IS DOCUMENTED WITH THE SIGNATURE OF THE COO OR CEO. Form 990, Part VI, Line 12c SECTION B, LINE 12C: THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY ANNUALLY DISTRIBUTING CONFLICT OF INTEREST FORMS TO INTERESTED PERSONS TO COMPLETE. COMPLETED FORMS ARE FIRST REVIEWED BY THE ORGANIZATION'S SECRETARY FOR ANY RELATIONSHIPS OR TRANSACTIONS THAT MAX PLANCK FLORIDA CORPORATION 26-2117502 MAY NEED TO BE DISCLOSED TO THE BOARD OF TRUSTEES. CONFLICTS THAT ARISE MUST BE REPORTED TO THE BOARD WHEREBY APPROPRIATE ACTION IS TAKEN. Form 990, Part VI, Line 15 SECTION B, LINE 15 INDEPENDENT DATA IS USED TO ESTABLISH COMPENSATION FOR EVERY KEY MANAGEMENT POSITION PRIOR TO AND AT THE TIME OF HIRE. THE BOARD OF TRUSTEES RATIFIES HIRES AT THE NEXT SCHEDULED BOARD MEETING. THE COMPENSATION COMMITTEE ALONG WITH ALL SENIOR OFFICERS PARTICIPATE IN HIRING, REVIEW, AND DECISION. THE COMPENSATION COMMITTEE MEETS ANNUALLY TO REVIEW COMPENSATION OF OTHER OFFICERS. THE COMPENSATION COMMITTEE USES INDUSTRY STATISTICS, BENCHMARKING DATA, AND SURVEYS FOR COMPARABILITY PURPOSES WHEN REVIEWING OFFICER COMPENSATION, AND THE COMPENSATION COMMITTEE AND BOARD OF TRUSTEES APPROVES COMPENSATION OF ALL OTHER OFFICERS. THIS PROCESS WAS LAST UNDERTAKEN IN 2024. Form 990, Part VI, Line 19 SECTION C, LINE 19: FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Form 990, Part VI, Line 1b INDEPENDENT VOTING BOARD MEMBERS THE THREE MEMBERS OF THE BOARD OF TRUSTEES WHO ARE NOT INDEPENDENT ARE ASIFA AKHTAR, DAVID FITZPATRICK AND MARKUS SCHLEIER. DAVID FITZPATRICK IS NOT INDEPENDENT BY WAY OF BEING THE FILING ORGANIZATION'S CEO AND RECEIVING COMPENSATION FROM THE FILING ORGANIZATION ACCORDINGLY. ASIFA AKHTAR AND MARKUS SCHLEIER ARE EMPLOYEES OF MAX-PLANCK-GESELLSCHAFT ZUR FOERDERUNG DER WISSENSCHAFTEN E.V. (MAX PLANCK SOCIETY FOR THE ADVANCEMENT OF SCIENCE - "MAX PLANCK SOCIETY"). A FOREIGN RELATED ORGANIZATION, AND ARE COMPENSATED BY MAX PLANCK SOCIETY ACCORDINGLY. THE ORGANIZATION IS UNABLE TO SECURE INFORMATION ON COMPENSATION PAID TO ASIFA AKHTAR AND MARKUS SCHLEIER BY MAX PLANCK SOCIETY, AFTER MAKING A REASONABLE EFFORT TO OBTAIN THE INFORMATION AND IS UNABLE TO PROVIDE A REASONABLE ESTIMATE OF SUCH COMPENSATION. Form 990, Part VI, Line 1a Delegate broad authority to a committee THE THREE MEMBERS OF THE BOARD OF TRUSTEES WHO ARE NOT INDEPENDENT ARE ASIFA AKHTAR, DAVID FITZPATRICK AND MARKUS SCHLEIER. DAVID FITZPATRICK IS NOT INDEPENDENT BY WAY OF BEING THE FILING ORGANIZATION'S CEO AND RECEIVING COMPENSATION FROM THE FILING ORGANIZATION ACCORDINGLY. ASIFA AKHTAR AND MARKUS SCHLEIER ARE EMPLOYEES OF MAX-PLANCK-GESELLSCHAFT ZUR FOERDERUNG DER WISSENSCHAFTEN E.V. (MAX PLANCK SOCIETY FOR THE ADVANCEMENT OF SCIENCE - "MAX PLANCK SOCIETY"). A FOREIGN RELATED ORGANIZATION, AND ARE COMPENSATED BY MAX PLANCK SOCIETY ACCORDINGLY. THE ORGANIZATION IS UNABLE TO SECURE INFORMATION ON COMPENSATION PAID TO ASIFA AKHTAR AND MARKUS SCHLEIER BY MAX PLANCK SOCIETY, AFTER MAKING A REASONABLE EFFORT TO OBTAIN THE INFORMATION AND IS UNABLE TO PROVIDE A REASONABLE ESTIMATE OF SUCH COMPENSATION. Form 990, Part VI, Line 6 Classes of members or stockholders MAX PLANCK FLORIDA CORPORATION HAS ONE MEMBER, MAX-PLANCK-GESELLSCHAFT ZUR FOERDERUNG DER WISSENSCHAFTEN E.V. (MAX PLANCK SOCIETY FOR THE ADVANCEMENT OF SCIENCE - "MAX PLANCK SOCIETY") Form 990, Part VI, Line 7a Members or stockholders electing members of governing body PURSUANT TO SECTION 5.3 PARAGRAPH (A) OF THE ORGANIZATION'S BYLAWS, THE ELECTION OF TRUSTEES SHALL TAKE PLACE AT THE ANNUAL MEETING OF THE MEMBER (MAX PLANCK SOCIETY.) PURSUANT TO SECTION 5.5 OF THE ORGANIZATION'S BYLAW, ANY TRUSTEE MAY BE REMOVED FROM OFFICE FOR ANY REASON BY THE MEMBER (MAX PLANCK SOCIETY) AT ANY REGULAR OR SPECIAL MEETING CALLED FOR THAT PURPOSE. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders .PURSUANT TO SECTION 4.5 OF THE ORGANIZATION'S BYLAWS, THE FOLLOWING ACTIONS MUST BE APPROVED BY THE MEMBER (MAX PLANCK SOCIETY). -ANY CHANGE IN THE MEMBERSHIP OF THE CORPORATION -ANY MERGER OR CONSOLIDATION OF THE CORPORATION WIH OR INTO ANY OTHER ENTITY, OR OF ANY OTHER ENTITY WITH OR INTO THE CORPORATION; -CHANGE THE TAX-EXEMPT STATUS OF THE CORPORATION -THE FORMATION OF ANY SUBSIDIARY ENTITIES; -ANY PURCHASE OR OTHER ACQUISITION OF ASSETS AT AN AGGREGATE COST TO THE CORPORATION IN EXCESS OF TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000); -ANY INCURRENCE OF LOANS OR OTHER INDEBTEDNESS BY THE CORPORATION IN AN AMOUNT IN EXCESS OF FIFTY THOUSAND DOLLARS ($50,000); -ANY AMENDMENT TO THE ARTICLES OF INCORPORATION OR THE BYLAWS OF THE CORPORATION; -THE DISSOLUTION OR LIQUIDATION OF THE CORPORATION; -THE AUTHORIZATION FOR THE EMPLOYEMENT OR DISCHARGE OF ANY INDIVIDUAL AT THE SENIOR DIRECTORS MANAGEMENT LEVEL (E.G. OFFICERS OF THE CORPORATION, EXECUTIVE TEAM, SCIENTIFIC DIRECTORS AND RESEARCH GROUP LEADERS), OR FOR THE EXECUTION AND DELIVERY OF ANY EMPLOYMENT ,OR INDEPENDENT CONTRACTOR AGREEMENT FOR ANY EMPLOYEE OR INDEPENDENT CONTRACTOR WHOSE ANNUAL BASE MAX PLANCK FLORIDA CORPORATION 26-2117502 COMPENSATION EXCEEDS ONE HUNDRED FIFTY THOUSAND DOLLARS ($150,000), OR THE MODIFICATION OR TERMINATION THEREOF; -THE ENTERING INTO OF ANY CONTRACT BY THE CORPORAION FOR MATERIALS OR SERVICES AT AN AGGREGATE CONTRACT PRICE IN EXCESS OF TWO HUNDRED FIFTY THOUSAND DOLLARS ($250,000); -THE CREATION OF ANY INDEBTEDNESS OR ANY OTHER OBLIGATION OF THE CORPORATION IN EXCESS OF FIFTY THOUSAND DOLLARS($50,000); -THE COMPENSATION TO BE PAID TO TRUSTEES OR COMMITTEE MEMBERS; -ANY DECISION AFFECTING THE FILING OF CORPORATE TAX RETURNS OR THE HANDLING OF CORPORATE TAX MATTERS; AND -THE APPOINTMENT OF ANY PROFESSOR OR ASSOCIATE PROFESSOR TO ANY INSTITUTE DEVELOPED OR MAINTAINED BY THE CORPORATION. IN ADDITION, TWO OF THE TRUSTEE POSITIONS SHALL BE RESERVED FOR REPRESENTATIVES OF MAX PLANCK SOCIETY. Form 990, Part VI, Line 11b Review of form 990 by governing body THE GOVERNING BODY REVIEWS FORM 990 AND THE RELATED SCHEDULES ALONG WITH THE AUDIT COMMITTEE AND MANAGEMENT. THESE INDIVIDUALS REVIEW THE FORM 990, PREPARED BY AN OUTSIDE CPA, IN ITS ENTIRETY PRIOR TO FILING WITH THE INTERNAL REVENUE SERVICE AND COMMUNICATE TO THE BOARD OF TRUSTEES AT THE NEXT SCHEDULED BOARD MEETING. THIS APPROVAL PROCESS IS DOCUMENTED WITH THE SIGNATURE OF THE COO OR CEO. Form 990, Part VI, Line 12c Conflict of interest policy THE ORGANIZATION REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY BY ANNUALLY DISTRIBUTING CONFLICT OF INTEREST FORMS TO INTERESTED PERSONS TO COMPLETE. COMPLETED FORMS ARE FIRST REVIEWED BY THE ORGANIZATION'S SECRETARY FOR ANY RELATIONSHIPS OR TRANSACTIONS THAT MAX PLANCK FLORIDA CORPORATION 26-2117502 MAY NEED TO BE DISCLOSED TO THE BOARD OF TRUSTEES. CONFLICTS THAT ARISE MUST BE REPORTED TO THE BOARD WHEREBY APPROPRIATE ACTION IS TAKEN. Form 990, Part VI, Line 15a Process to establish compensation of top management official INDEPENDENT DATA IS USED TO ESTABLISH COMPENSATION FOR EVERY KEY MANAGEMENT POSITION PRIOR TO AND AT THE TIME OF HIRE. THE BOARD OF TRUSTEES RATIFIES HIRES AT THE NEXT SCHEDULED BOARD MEETING. THE COMPENSATION COMMITTEE ALONG WITH ALL SENIOR OFFICERS PARTICIPATE IN HIRING, REVIEW, AND DECISION. THE COMPENSATION COMMITTEE MEETS ANNUALLY TO REVIEW COMPENSATION OF OTHER OFFICERS. THE COMPENSATION COMMITTEE USES INDUSTRY STATISTICS, BENCHMARKING DATA, AND SURVEYS FOR COMPARABILITY PURPOSES WHEN REVIEWING OFFICER COMPENSATION, AND THE COMPENSATION COMMITTEE AND BOARD OF TRUSTEES APPROVES COMPENSATION OF ALL OTHER OFFICERS. THIS PROCESS WAS LAST UNDERTAKEN IN 2024. Form 990, Part VI, Line 15b Process to establish compensation of other employees INDEPENDENT DATA IS USED TO ESTABLISH COMPENSATION FOR EVERY KEY MANAGEMENT POSITION PRIOR TO AND AT THE TIME OF HIRE. THE BOARD OF TRUSTEES RATIFIES HIRES AT THE NEXT SCHEDULED BOARD MEETING. THE COMPENSATION COMMITTEE ALONG WITH ALL SENIOR OFFICERS PARTICIPATE IN HIRING, REVIEW, AND DECISION. THE COMPENSATION COMMITTEE MEETS ANNUALLY TO REVIEW COMPENSATION OF OTHER OFFICERS. THE COMPENSATION COMMITTEE USES INDUSTRY STATISTICS, BENCHMARKING DATA, AND SURVEYS FOR COMPARABILITY PURPOSES WHEN REVIEWING OFFICER COMPENSATION, AND THE COMPENSATION COMMITTEE AND BOARD OF TRUSTEES APPROVES COMPENSATION OF ALL OTHER OFFICERS. THIS PROCESS WAS LAST UNDERTAKEN IN 2024. Form 990, Part VI, Line 19 Required documents available to the public INDEPENDENT DATA IS USED TO ESTABLISH COMPENSATION FOR EVERY KEY MANAGEMENT POSITION PRIOR TO AND AT THE TIME OF HIRE. THE BOARD OF TRUSTEES RATIFIES HIRES AT THE NEXT SCHEDULED BOARD MEETING. THE COMPENSATION COMMITTEE ALONG WITH ALL SENIOR OFFICERS PARTICIPATE IN HIRING, REVIEW, AND DECISION. THE COMPENSATION COMMITTEE MEETS ANNUALLY TO REVIEW COMPENSATION OF OTHER OFFICERS. THE COMPENSATION COMMITTEE USES INDUSTRY STATISTICS, BENCHMARKING DATA, AND SURVEYS FOR COMPARABILITY PURPOSES WHEN REVIEWING OFFICER COMPENSATION, AND THE COMPENSATION COMMITTEE AND BOARD OF TRUSTEES DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. Form 990, Part VII, Section A SECTION A - LINE 1 THE ORGANIZATION IS UNABLE TO SECURE INFORMATION ON COMPENSATION PAID TO ASIFA AKHTAR AND MARCUS SCHLEIER BY THE FOREIGN RELATED ORGANIZTION, MAX-PLANCK-GESELLSCHAFT ZUR FOERDERUNG DER WISSENSCHAFTEN E.V. (MAX PLANCK SOCIETY FOR THE ADVANCMENT OF SCIENCE - "MAX PLANCK SOCIETY"), DUE TO PRIVACY LAWS IN GERMANY. Form 990, Part XII, Line 2c THE GOVERNING BODY REVIEWS FORM 990 AND THE RELATED SCHEDULES ALONG WITH THE AUDIT COMMITTEE AND MANAGEMENT. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. MAX-PLANCK-GESELLSCHAFT ZUR FOERDERUNG DERWISSENSCHAFTEN EV HOFGARTEN STREET 8 MUNICH GM 80539 RESEARCH GM 501(c)(3) 4 NA false false false true false false false false false false false false false false false false false false false false Max Planck Society C 19328825