Skip to content
Nonprofiteer
← MAX PLANCK FLORIDA CORPORATION

Form 990 for tax year 2022

Filed by MAX PLANCK FLORIDA CORPORATION.

Totals

Total revenue
$25,710,512
Total expenses
$26,604,986
Contributions and grants received
$22,067,073
Grants paid
$0
Program service revenue
$320,104
Investment income
$3,281,576
Other revenue
$41,759
Total assets, end of year
$102,337,886
Total liabilities, end of year
$1,242,753
Net assets or fund balances, end of year
$101,095,133
Program services expenses (Part IX)
$24,188,331
Management and general expenses
$1,547,979
Fundraising expenses
$868,676
Program service expenses (Part III)
$24,188,331

Program services were 90.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $15,868,733

  • 1e · Government grants (contributions)

    $3,595,777

  • 1f · All other contributions, gifts and grants

    $2,602,563

  • 2a · Program service revenue: RESEARCH SERVICES/INSTRUCTION

    total $320,104 · related or exempt $320,104

  • 3 · Investment income

    total $1,354,824 · excluded $1,354,824

  • 7a · Gross sales of assets other than inventory

    securities $1,904,997 · other assets $21,755

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $1,904,997 · other assets $21,755

  • 7d · Net gain or loss

    total $1,926,752 · excluded $1,926,752

  • 10a · Gross sales of inventory

    $4,068

  • 10b · Cost of goods sold

    $1,860

  • 10c · Net income from sales of inventory

    total $2,208 · related or exempt $2,208

  • 11a · Other revenue: OTHER INCOME

    total $39,551 · related or exempt $39,551

  • 11e · Other revenue, total

    $39,551

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,967,858 · program services $1,810,429 · management and general $98,393 · fundraising $59,036

  • 6 · Compensation of disqualified persons

    total $86,867 · program services $86,867

  • 7 · Other salaries and wages

    total $9,859,110 · program services $9,063,432 · management and general $497,299 · fundraising $298,379

  • 8 · Pension plan contributions

    total $934,307 · program services $859,563 · management and general $46,715 · fundraising $28,029

  • 9 · Other employee benefits

    total $2,089,263 · program services $1,922,122 · management and general $104,463 · fundraising $62,678

  • 10 · Payroll taxes

    total $688,542 · program services $633,459 · management and general $34,427 · fundraising $20,656

  • 11a · Fees: management

    total $275,681 · program services $253,627 · management and general $13,784 · fundraising $8,270

  • 11b · Fees: legal

    total $33,305 · management and general $33,305

  • 11c · Fees: accounting

    total $88,153 · management and general $88,153

  • 11d · Fees: lobbying

    total $90,090 · fundraising $90,090

  • 11f · Fees: investment management

    total $109,773 · management and general $109,773

  • 11g · Fees: other

    total $311,662 · program services $311,662

  • 12 · Advertising and promotion

    total $14,866 · program services $13,677 · management and general $743 · fundraising $446

  • 13 · Office expenses

    total $478,542 · program services $440,259 · management and general $23,927 · fundraising $14,356

  • 16 · Occupancy

    total $1,698,087 · program services $1,562,240 · management and general $84,904 · fundraising $50,943

  • 17 · Travel

    total $290,403 · program services $267,171 · management and general $14,520 · fundraising $8,712

  • 19 · Conferences, conventions and meetings

    total $323,631 · program services $297,740 · management and general $16,182 · fundraising $9,709

  • 22 · Depreciation, depletion and amortization

    total $3,578,643 · program services $3,292,352 · management and general $178,932 · fundraising $107,359

  • 23 · Insurance

    total $457,431 · program services $420,836 · management and general $22,872 · fundraising $13,723

  • 24a · Other expenses: SUPPLIES & EQUIPMENT

    total $2,137,579 · program services $1,966,573 · management and general $106,879 · fundraising $64,127

  • 24b · Other expenses: CONTRACT SERVICES & EQU

    total $885,536 · program services $814,693 · management and general $44,277 · fundraising $26,566

  • 24c · Other expenses: SECURITY

    total $153,654 · program services $141,361 · management and general $7,683 · fundraising $4,610

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $52,003 · program services $30,268 · management and general $20,748 · fundraising $987

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,268,435 · end of year $1,231,805

  • 2 · Savings and temporary cash investments

    beginning of year $7,981,393 · end of year $5,223,735

  • 3 · Pledges and grants receivable

    beginning of year $1,611,500 · end of year $1,619,820

  • 4 · Accounts receivable

    beginning of year $124,986 · end of year $115,123

  • 8 · Inventories for sale or use

    beginning of year $10,007 · end of year $13,767

  • 9 · Prepaid expenses and deferred charges

    beginning of year $709,624 · end of year $700,823

  • 10a · Land, buildings and equipment: cost or other basis

    $101,146,235

  • 10b · Land, buildings and equipment: accumulated depreciation

    $42,974,553

  • 10c · Land, buildings and equipment, net

    beginning of year $59,843,964 · end of year $58,171,682

  • 11 · Investments: publicly traded securities

    beginning of year $41,457,552 · end of year $35,163,412

  • 15 · Other assets

    beginning of year $93,617 · end of year $97,719

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,803,555 · end of year $1,242,753

  • 27 · Net assets without donor restrictions

    beginning of year $96,844,762 · end of year $87,758,346

  • 28 · Net assets with donor restrictions

    beginning of year $14,452,761 · end of year $13,336,787

Mission and programs · 2022

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.

  • 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

    Expenses $24,188,331 · Revenue $361,863

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Fitzpatrick

    CHIEF EXECUTIVE OFFICER/SCIENTIFIC DIRECTOR

    Total calculated
    $521,103
    From this org
    $466,734
    From related orgs
    $0
    Other
    $54,369
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $441,864
    Bonus
    $0
    Other
    $24,870
    Deferred
    $32,500
    Nontaxable benefits
    $21,869
    Filer's total
    $521,103

  • Asifa Akhtar

    CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    40

  • Dirk Basting

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • George Elmore

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Louis Freeh

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Harpel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Neen Hunt

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Kenneth Kahn

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Nasser Kazeminy

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Becky Mayer

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Michael Mitrione

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Gregory Novak

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Mary Jane Panattoni

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Bernard Poussot

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Markus Schleier

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • John Sculley

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • James Weinstein

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • Ryohei Yasuda

    SCIENTIFIC DIRECTOR

    Total calculated
    $414,271
    From this org
    $352,249
    From related orgs
    $0
    Other
    $62,022
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $330,147
    Bonus
    $0
    Other
    $22,102
    Deferred
    $32,500
    Nontaxable benefits
    $29,522
    Filer's total
    $414,271

  • Matthias Haury

    CHIEF OPERATIONS OFFICER/TREASURER

    Total calculated
    $392,299
    From this org
    $342,891
    From related orgs
    $0
    Other
    $49,408
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $340,209
    Bonus
    $0
    Other
    $2,682
    Deferred
    $32,500
    Nontaxable benefits
    $16,908
    Filer's total
    $392,299

  • Sean Coveleski

    VP AND CHIEF DEVELOPMENT OFFICER

    Total calculated
    $182,969
    From this org
    $148,662
    From related orgs
    $0
    Other
    $34,307
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $148,662
    Bonus
    $0
    Other
    $0
    Deferred
    $18,077
    Nontaxable benefits
    $16,230
    Filer's total
    $182,969

  • Hollie Perez

    VP HUMAN RELATIONS

    Total calculated
    $225,417
    From this org
    $183,890
    From related orgs
    $0
    Other
    $41,527
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,950
    Bonus
    $0
    Other
    $940
    Deferred
    $19,779
    Nontaxable benefits
    $21,748
    Filer's total
    $225,417

  • Doris Forchheimer

    VP FINANCE

    Total calculated
    $231,800
    From this org
    $182,644
    From related orgs
    $0
    Other
    $49,156
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $180,146
    Bonus
    $0
    Other
    $2,498
    Deferred
    $20,099
    Nontaxable benefits
    $29,057
    Filer's total
    $231,800

  • Idris El-Amin

    HEAD, ATTENDING VETERINARIAN

    Total calculated
    $228,104
    From this org
    $179,692
    From related orgs
    $0
    Other
    $48,412
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,692
    Bonus
    $0
    Other
    $0
    Deferred
    $19,355
    Nontaxable benefits
    $29,057
    Filer's total
    $228,104

  • Naomi Kamasawa

    HEAD, IMAGING & ELECTRON MICROSCOPY FACILITY

    Total calculated
    $195,290
    From this org
    $157,257
    From related orgs
    $0
    Other
    $38,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,507
    Bonus
    $0
    Other
    $1,750
    Deferred
    $17,029
    Nontaxable benefits
    $21,004
    Filer's total
    $195,290

  • Edward Chwieseni

    HEAD, INFORMATION TECHNOLOGY

    Total calculated
    $201,719
    From this org
    $154,309
    From related orgs
    $0
    Other
    $47,410
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $151,893
    Bonus
    $0
    Other
    $2,416
    Deferred
    $16,813
    Nontaxable benefits
    $30,597
    Filer's total
    $201,719

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · First-class or charter travel
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
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 2022.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • MAX-PLANCK-GESELLSCHAFT ZUR FOERDERUNG DER WISSENSCHAFTEN EV

    501(C)(3) · RESEARCH · GM

Provenance

Return type
form_990
Tax year
2022
Filed
7 November 2023
IRS schema version
2022v5.0
Source object
202333119349302558

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.