Novak Family Foundation Inc
Novak Family Foundation Inc is a private foundation, based in Merrillville, IN. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $1.2M in total assets. In 2024, it awarded 9 grants totaling $41K. Net investment income was $87K.
Novak Family Foundation Inc at a glance
In short: Novak Family Foundation Inc gave $41K across 9 grants in 2024 (avg $5K), mostly in Indiana. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $40,905
- -25.8% vs 2023
- Grants made (2024)
- 9
- +0.0% vs 2023
- Average grant
- $4,545
- -25.8% vs 2023
- Median grant
- $1,000
- Total assets
- $1,173,195
- +4.7% vs 2023
- Primary geography
- Indiana (83% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Novak Family Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
The largest 2024 recipient was SS Constantine & Helen CA ($27K). Together the top 9 received $41K.
Grant Size Distribution
38 grants across all recorded years
The most common grant size was under $50K: 38 grants of 38 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 9 itemized grants.
Cities
How Novak Family Foundation Inc gives
- Giving fell 21% from 2021 to 2024. Method
- In 2024 it paid out 75% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $41K (2024) to $55K (2023). In 2024 it made 9 grants totaling $41K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| SS Constantine & Helen CA Merrillville, IN | Building Fund, 5K RUN,SCHOLARSHIPS, | $27,405 |
| Grace Beyond Borders East Chicago, IN | Support Homeless Women & Children | $5,000 |
| Pearlann Bithos Joliet, IL | Memorial Contribution | $3,000 |
| St Iakovos Retreat Cente Chicago, IL | Annual Support | $1,000 |
| Orthodox Christian Mission Center St Augustine, FL | Annual Support of Ministries | $1,000 |
| Sojourner Truth House Gary, IN | Homeless Shelter | $1,000 |
| Hellenic Collage & Holy Cross Sch Brookline, MA | Support Appleal | $1,000 |
| SS Constantine & Helen Greek Orthod Palos Hills, IL | Support Metropolis Jr Olympics | $1,000 |
| St Helen's Philoptochos Society Merrillville, IN | Support St Basil Academy | $500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $1,173,195 | $104,066 | $51,365 | $40,905 | 9 | $51,365 | $86,833 | $68,468 |
| 2023 | $1,120,394 | $43,232 | $61,986 | $55,118 | 9 | $61,986 | $41,471 | $58,657 |
| 2022 | $1,139,148 | $17,306 | $62,160 | $51,286 | 7 | $62,160 | $51,707 | $57,437 |
| 2021 | $1,184,002 | $114,445 | $60,133 | $51,925 | 7 | $60,133 | $90,184 | $66,398 |
| 2020 | $1,129,690 | $56,010 | $55,001 | $44,650 | 6 | — | $61,072 | $61,748 |
Under IRS private-foundation payout rules, Novak Family Foundation Inc reported a distributable amount of $68K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Novak Family Foundation Inc is led by William Logothetis, President on every filing since 2020; none of the 5 officers listed in 2024 report compensation.
Officers on the 2024 filing
William Logothetis
President
On filings since 2020
0.7 hrs/week
No compensation reported
Joann Massow
Board Member
Director → Board Member, 2024
On filings since 2020
0.2 hrs/week
No compensation reported
Michael J. Berta
Secretary
On filings since 2020
0.2 hrs/week
No compensation reported
Theodore Poteres
Board Member
Director → Board Member, 2024
On filings since 2020
0.2 hrs/week
No compensation reported
Bessie Ploutis
Board Member
Director → Board Member, 2024
On filings since 2023
0.2 hrs/week
No compensation reported
Former officers (1)
- Former: John Pangere (2020–2022) — Director
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Novak Family Foundation Inc
How much does Novak Family Foundation Inc give each year?
Novak Family Foundation Inc gave $41K across 9 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $55K across 9 grants.
What is Novak Family Foundation Inc's typical grant size?
Novak Family Foundation Inc's median grant in 2024 was $1,000, and its average grant was $4,545, across 9 grants on its 2024 IRS Form 990-PF.
Where does Novak Family Foundation Inc give grants?
Novak Family Foundation Inc gives mostly in Indiana: 83% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Illinois (12%). The most frequent recipient cities were Merrillville, IN (2 grants).
Does Novak Family Foundation Inc give general operating support?
Not in 2024: none of the 9 grants with a stated purpose on Novak Family Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support.
Who are Novak Family Foundation Inc's largest grantees?
Novak Family Foundation Inc's largest 2024 grantees include SS Constantine & Helen CA ($27,405), Grace Beyond Borders ($5,000) and Pearlann Bithos ($3,000), according to its 2024 IRS Form 990-PF. Together they received 87% of its itemized 2024 grant dollars.
How large is Novak Family Foundation Inc?
Novak Family Foundation Inc reported $1.2M in total assets on its 2024 IRS Form 990-PF. It paid out $51K in qualifying distributions that year, against a required minimum of $68K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Novak Family Foundation Inc's EIN?
Novak Family Foundation Inc's EIN (Employer Identification Number) is 26-0177940. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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