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Nonprofit · EIN 26-2117502

MAX PLANCK FLORIDA CORPORATION

Tax-exempt · JUPITER, FL 33458

Financials

$26.4M$29.4M2023$33.5M$32.6M2024
Revenue Expenses · by fiscal year end
Financials of MAX PLANCK FLORIDA CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$33,505,675$32,637,651$868,024$108,590,538$1,835,234$106,755,304
December 31, 2023990$26,404,804$29,372,053-$2,967,249$105,851,053$2,957,061$102,893,992
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$30,727,872
of which government grants
$8,713,495
Program service revenue
$388,524
Investment income
$2,350,752
Net gain from sales of assets
$1,144,903
Net income from sales of inventory
$803
Other revenue
$38,527

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$3,562,507
Other salaries and wages
$10,699,430
Salaries, compensation and benefits (total)
$17,624,938
Professional fundraising fees
$0
Legal fees
$57,415
Accounting fees
$73,813
Occupancy
$2,427,552
Travel
$665,187
Depreciation
$4,376,970
Program services (functional)
$30,364,117
Management and general (functional)
$1,473,698
Fundraising (functional)
$799,836

Balance sheet and other

Total assets, start of year
$105,851,053
Total assets, end of year
$108,590,538
Total liabilities, end of year
$1,835,234
Net assets, end of year
$106,755,304
Land, buildings and equipment
$58,298,293
Publicly traded securities
$40,379,005
Net assets without donor restrictions
$90,650,057
Net assets with donor restrictions
$16,105,247
Gross receipts
$33,508,349
Employees
184
Volunteers
25
Year formed
2007
State of legal domicile
FL

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
DAVID FITZPATRICKCHIEF EXECUTIVE OFFICER
Trustee or director, Officer
40$483,950$60,029
LIN TIANSCIENTIFIC DIRECTOR
Officer
40$493,349$44,265
IVAN BAINESCOO/TREASURER
Officer
40$457,254$44,691
RYOHEI YASUDASCIENTIFIC DIRECTOR
Officer
40$365,288$68,420
DORIS FORCHHEIMERVP FINANCE
Officer
40$202,643$53,127
HOLLIE PEREZVP HUMAN RELATIONS
Officer
40$213,116$38,352
IDRIS EL- AMINHEAD, VETERINARIAN
Key employee
40$190,983$53,122
NAOMI KAMASAWAHEAD, IMAGING & ELECTRON MICROSCOPY
Key employee
40$180,833$42,683
HIDEHIKO INAGAKIRESEARCH GROUP LEADER
Key employee
40$155,433$35,283
MARTHA BOLTONRESEARCH GROUP LEADER
Key employee
40$162,569$27,593
YINGXUE WANGRESEARCH GROUP LEADER
Key employee
40$161,631$27,593
ASIFA AKHTARCHAIR OF THE BOARD
Trustee or director, Officer
40$0$0
BILL POPETRUSTEE
Institutional trustee
1$0$0
DAVID FISCHERTRUSTEE
Institutional trustee
1$0$0
DIRK BASTINGTRUSTEE
Institutional trustee
1$0$0
12 more people on this return
NameTitleHours / weekCompensation
GEORGE ELMORETRUSTEE
Institutional trustee
1$0
JAMES HARPELTRUSTEE
Institutional trustee
1$0
JAMES WEINSTEINTRUSTEE
Institutional trustee
1$0
KENNETH KAHNTRUSTEE
Institutional trustee
1$0
KLEPER DE ALMEIDATRUSTEE
Institutional trustee
1$0
LOUIS FREEHTRUSTEE
Institutional trustee
1$0
MARKUS SCHLEIERTRUSTEE
Institutional trustee
1$0
MARY JANE PANATTONITRUSTEE
Institutional trustee
1$0
MICHAEL MITRIONETRUSTEE
Institutional trustee
1$0
NASSER KAZEMINYTRUSTEE
Institutional trustee
1$0
RICHARD SLOANETRUSTEE
Institutional trustee
1$0
WENDY BINGHAM COXTRUSTEE
Institutional trustee
1$0
990 for the year ended December 31, 2023: 28 people
NameTitleHours / weekCompensationOther / benefits
LIN TIANSCIENTIFIC DIRECTOR
Officer
40$574,006$20,680
DAVID FITZPATRICKCHIEF EXECUTIVE OFFICER/SC
Trustee or director, Officer
40$483,668$57,696
RYOHEI YASUDASCIENTIFIC DIRECTOR
Officer
40$365,165$65,891
IVAN BAINESCOO/TREASURER
Officer
40$297,968$32,134
DORIS FORCHHEIMERVP FINANCE
Officer
40$195,579$51,639
HOLLIE PEREZVP HUMAN RELATIONS
Officer
40$196,868$44,567
IDRIS EL-AMINHEAD, ATTENDING VETERINARI
Key employee
40$185,209$51,676
NAOMI KAMASAWAHEAD, IMAGING & ELECTRON M
Key employee
40$174,948$40,636
EDWARD CHWIESENIHEAD, INFORMATION TECHNOLO
Key employee
40$157,973$50,169
MARTHA BOLTONRESEARCH GROUP LEADER
Key employee
40$157,887$26,708
YINGXUE WANGRESEARCH GROUP LEADER
Key employee
40$156,846$26,708
ASIFA AKHTARCHAIR OF THE BOARD
Trustee or director, Officer
40$0$0
DIRK BASTINGTRUSTEE
Trustee or director
1$0$0
GEORGE ELMORETRUSTEE
Trustee or director
1$0$0
DAVID FISCHERTRUSTEE
Trustee or director
1$0$0
LOUIS FREEHTRUSTEE
Trustee or director
1$0$0
JAMES HARPELTRUSTEE
Trustee or director
1$0$0
NEEN HUNTTRUSTEE
Trustee or director
1$0$0
KENNETH KAHNTRUSTEE
Trustee or director
1$0$0
NASSER KAZEMINYTRUSTEE
Trustee or director
1$0$0
MICHAEL MITRIONETRUSTEE
Trustee or director
1$0$0
GREGORY NOVAKTRUSTEE
Trustee or director
1$0$0
MARY JANE PANATTONITRUSTEE
Trustee or director
1$0$0
BILL POPETRUSTEE
Trustee or director
1$0$0
BERNARD POUSSOTTRUSTEE
Trustee or director
1$0$0
MARKUS SCHLEIERTRUSTEE
Trustee or director
1$0$0
RICHARD SLOANETRUSTEE
Trustee or director
1$0$0
JAMES WEINSTEINTRUSTEE
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
1 MAX PLANCK WAY, JUPITER, FL 33458-5293
In care of
% PETER GRUSS
Principal officer (990 for 2024)
DAVID FITZPATRICK, ONE MAX PLANCK WAY, JUPITER, FL 33458
Signed the 990
DAVID FITZPATRICK, CHIEF EXECUTIVE OFFICER/SC
Phone
(561) 972-9000
Return prepared by
Forvis Mazars LLP

Mission

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.

990 for the year ended December 31, 2024

Program accomplishments

  • 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.
    Expenses $30,364,117 · revenue $427,051

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
26-2117502
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2009
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Medical research (H05)
Assets (IRS master file)
$108,590,538
Income (IRS master file)
$33,508,349

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$33,505,675$32,637,651$108,590,538XML
990December 2023$26,404,804$29,372,053$105,851,053XML
990December 2022$25,710,512$26,604,986$102,337,886IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 26-2117502).

Questions about MAX PLANCK FLORIDA CORPORATION

What is the EIN of MAX PLANCK FLORIDA CORPORATION?
The employer identification number (EIN) of MAX PLANCK FLORIDA CORPORATION is 26-2117502.
Is MAX PLANCK FLORIDA CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
Are donations to MAX PLANCK FLORIDA CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MAX PLANCK FLORIDA CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MAX PLANCK FLORIDA CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MAX PLANCK FLORIDA CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of MAX PLANCK FLORIDA CORPORATION?
The 990 for the year ended December 31, 2024 names DAVID FITZPATRICK.
Who are the officers and directors of MAX PLANCK FLORIDA CORPORATION?
The 990 for the year ended December 31, 2024 lists 27 people; 11 received compensation from the organization, the highest $483,950 (DAVID FITZPATRICK, CHIEF EXECUTIVE OFFICER).
How much revenue does MAX PLANCK FLORIDA CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $33,505,675, expenses of $32,637,651 and total assets of $108,590,538 at year end.

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