Max Planck Florida Corporation

“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").”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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")”

“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.”

“.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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”