Novak Family Foundation Inc
Novak Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
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
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.
About Novak Family Foundation Inc
Based on IRS filings
Novak Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, 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.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
Cities
Financial History
Multi-year comparison from IRS filings
| 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
Among its reported 2024 grants, the largest include Ss Constantine & Helen Ca ($27,405), Grace Beyond Borders ($5,000), Pearlann Bithos ($3,000).
| Recipient | Purpose | Amount |
|---|---|---|
| ST IAKOVOS RETREAT CENTE CHICAGO, IL | ANNUAL SUPPORT | $1,000 |
| SS CONSTANTINE & HELEN CA MERRILLVILLE, IN | BUILDING FUND, 5K RUN,SCHOLARSHIPS, | $27,405 |
| ORTHODOX CHRISTIAN MISSION CENTER ST AUGUSTINE, FL | ANNUAL SUPPORT OF MINISTRIES | $1,000 |
| ST HELEN'S PHILOPTOCHOS SOCIETY MERRILLVILLE, IN | SUPPORT ST BASIL ACADEMY | $500 |
| SOJOURNER TRUTH HOUSE GARY, IN | HOMELESS SHELTER | $1,000 |
| GRACE BEYOND BORDERS EAST CHICAGO, IN | SUPPORT HOMELESS WOMEN & CHILDREN | $5,000 |
| 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 |
| PEARLANN BITHOS JOLIET, IL | MEMORIAL CONTRIBUTION | $3,000 |
Leadership & 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 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Novak Family Foundation Inc?
Novak Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in MERRILLVILLE, IN. It holds $1.2M in total assets as of 2024.
How large is Novak Family Foundation Inc?
As of 2024, Novak Family Foundation Inc holds $1.2M in total assets with $104K in annual revenue. It awarded 9 grants totaling $41K in 2024.
Where does Novak Family Foundation Inc operate?
Novak Family Foundation Inc has awarded grants in Florida, Illinois, Indiana, Massachusetts, Maryland, New Jersey, New York, Pennsylvania.
What size grants does Novak Family Foundation Inc award?
In 2024, Novak Family Foundation Inc awarded 9 grants totaling $41K — an average of about $5K per grant, based on its IRS Form 990 filings.
How much is Novak Family Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Novak Family Foundation Inc reported a distributable amount of $68K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
Explore Open Grants
Browse active grant opportunities in Novak Family Foundation Inc's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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