Novak Family Foundation Inc
MERRILLVILLE, IN EIN: 26-0177940
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$1.2M
+4.7% YoY
Annual Giving
$41K
-25.8% YoY
Grant Count
9
+0.0% YoY
Avg Grant Size
$5K
-25.8% YoY
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Financial History
Multi-year comparison from IRS filings
Revenue
Expenses
Qualifying Distributions
Net Investment Income
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,173,195 | $1,120,394 | $1,139,148 |
| Revenue | $104,066 | $43,232 | $17,306 |
| Expenses | $51,365 | $61,986 | $62,160 |
| Qualifying Distributions | $51,365 | $61,986 | $62,160 |
| Net Investment Income | $86,833 | $41,471 | $51,707 |
| Distributable Amount | $68,468 | $58,657 | $57,437 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 9 recipients in 2024
Grant Size Distribution
38 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Novak Family Foundation Inc fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| WILLIAM LOGOTHETIS | PRESIDENT | 0.7 | — |
| MICHAEL J BERTA | SECRETARY/TR | 0.15 | — |
| BESSIE PLOUTIS | BOARD MEMBER | 0.15 | — |
| JOANN MASSOW | BOARD MEMBER | 0.15 | — |
| FR THEODORE POTERES | BOARD MEMBER | 0.15 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Indiana $210K (86%)
Illinois $12K (5%)
New York $10K (4%)
Florida $5K (2%)
New Jersey $3K (1%)
Pennsylvania $2K (1%)
Massachusetts $1K (0%)
Maryland $1K (0%)
Cities
BaltimoreBrooklineChicagoEast ChicagoGaryJolietLombardMerrillvilleNew YorkPalos HillsPittsburghSt AugustineWoodland Park
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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