Our Mission

In accordance with our Articles of Incorporation, Spinnaker Institute may operate exclusively for any lawful charitable, educational, research and scientific purposes within the meaning of Sections 501(c)(3) and 170(c)(2) of the Internal Revenue Code of 1986 or the corresponding provisions of any future United States Internal Revenue laws (the “Code”); and

Spinnaker Institute may engage in any lawful activity for which corporations may be organized under Statutes of Florida so long as the corporation does not engage in any activity or activities not in furtherance of one or more tax exempt purposes as contemplated in section 501(c)(3) of the Code.

Spinnaker Institute, Inc. is exempt from income tax under Internal Revenue Code of 1986 (IRC) section 501(c)(3) primarily because we are a nonprofit, scientific research and education organization. The IRC section 501(c)(3) provides for tax exemption in the case of:

“Corporations, and any community chest, fund, or foundation, organized and operated exclusively for religious, charitable, scientific, testing for public safety, literary, or educational purposes, or for the prevention of cruelty to animals. “

Spinnaker Institute’s primary purpose and programs are to undertake applied scientific research and development activities in the public interest. As reflected in Treasury regulations, rulings and court opinions, the tax law sets out what is required to be and remain exempt under IRC 501(c)(3) as a scientific research organization. “Scientific research” includes both basic, purely theoretical research and practical “applied research” of the kind that Spinnaker Institute performs.

Further, research conducted for a governmental entity is deemed to be “research in the public interest.”