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
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
No grants recorded for .
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
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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