Novakphares Family Foundation
Novakphares Family Foundation is a private foundation, based in Oak Brook, IL. IRS filing data is available from 2020 through 2025. As of 2025, the organization holds $161K in total assets. In 2025, it awarded 8 grants totaling $30K. Net investment income was $4K.
Novakphares Family Foundation at a glance
In short: Novakphares Family Foundation gave $30K across 8 grants in 2025 (avg $4K), mostly in Illinois. Source: 2025 IRS Form 990-PF.
- Annual giving (2025)
- $30,000
- +11.1% vs 2024
- Grants made (2025)
- 8
- +0.0% vs 2024
- Average grant
- $3,750
- +11.1% vs 2024
- Median grant
- $2,500
- Total assets
- $161,145
- +0.7% vs 2024
- Primary geography
- Illinois (58% of itemized 2025 grant dollars)
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated September 2026.
Who Novakphares Family Foundation funds
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2025
The largest 2025 recipient was Northern Illinois Food Bank ($10K). Together the top 8 received $30K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was under $50K: 32 grants of 32 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2025 grant dollars across all 8 itemized grants.
Cities
How Novakphares Family Foundation gives
- Giving grew 76% from 2022 to 2025. Method
- In 2025 it paid out 110% of its IRS minimum distribution (the 5% rule). 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 2025, annual grant giving ranged from $15K (2020) to $30K (2025). In 2025 it made 8 grants totaling $30K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Northern Illinois Food Bank Geneva, IL | Public Support | $10,000 |
| The Human Rights Campaign Washington, DC | Public Support | $5,000 |
| Cradles to Crayons Inc Chicago, IL | Public Support | $2,500 |
| Inspiration Corporation Chicago, IL | Public Support | $2,500 |
| The Trevor Project West Hollywood, CA | Public Support | $2,500 |
| The V Foundation for Cancer Research Cary, NC | Public Support | $2,500 |
| Human Rights Watch New York, NY | Public Support | $2,500 |
| Intonation Music Chicago, IL | Public Support | $2,500 |
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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 |
|---|---|---|---|---|---|---|---|---|
| 2025 | $161,145 | $34,720 | $33,533 | $30,000 | 8 | $30,000 | $4,395 | $27,172 |
| 2024 | $159,958 | $43,476 | $29,969 | $27,000 | 8 | $27,000 | $4,031 | $22,209 |
| 2023 | $146,451 | $26,238 | $22,560 | $20,000 | 5 | $20,000 | $5,166 | $17,905 |
| 2022 | $142,773 | $27,551 | $19,785 | $17,000 | 5 | $17,000 | $3,410 | $16,398 |
| 2021 | $135,018 | $21,180 | $22,690 | $20,000 | 6 | $20,000 | $7,238 | $16,091 |
| 2020 | $136,528 | $35,749 | $17,447 | $15,000 | 6 | — | $7,315 | $10,955 |
Under IRS private-foundation payout rules, Novakphares Family Foundation reported a distributable amount of $27K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Novakphares Family Foundation is led by Charlene M. Novak, President & Director on every filing since 2020; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Charlene M. Novak
President & Director
On filings since 2020
1 hr/week
No compensation reported
Mark Novak
Chairman of the Board & Director
On filings since 2020
1 hr/week
No compensation reported
Jason C. Novak
Secretary & Director
On filings since 2020
1 hr/week
No compensation reported
Jennifer J. Novak
Treasurer, Director, Vice President & Director
On filings since 2020
1 hr/week
No compensation reported
Data from IRS Form 990 filings, 2020–2025. "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 Novakphares Family Foundation
How much does Novakphares Family Foundation give each year?
Novakphares Family Foundation gave $30K across 8 grants in 2025, according to its 2025 IRS Form 990-PF. In 2024 it gave $27K across 8 grants.
What is Novakphares Family Foundation's typical grant size?
Novakphares Family Foundation's median grant in 2025 was $2,500, and its average grant was $3,750, across 8 grants on its 2025 IRS Form 990-PF.
Where does Novakphares Family Foundation give grants?
Novakphares Family Foundation gives mostly in Illinois: 58% of the grant dollars itemized on its 2025 IRS Form 990-PF went to recipients there. The next largest states were District of Columbia (17%) and California (8%). The most frequent recipient cities were Chicago, IL (3 grants).
Does Novakphares Family Foundation give general operating support?
Not in 2025: none of the 8 grants with a stated purpose on Novakphares Family Foundation's 2025 IRS Form 990-PF were described as general or operating support. Recurring purposes include "Public Support" (8 grants).
Who are Novakphares Family Foundation's largest grantees?
Novakphares Family Foundation's largest 2025 grantees include Northern Illinois Food Bank ($10,000), The Human Rights Campaign ($5,000) and Cradles to Crayons Inc ($2,500), according to its 2025 IRS Form 990-PF. Together they received 58% of its itemized 2025 grant dollars.
How large is Novakphares Family Foundation?
Novakphares Family Foundation reported $161K in total assets on its 2025 IRS Form 990-PF. It paid out $30K in qualifying distributions that year, against a required minimum of $27K (roughly 5% of its investment assets).
What is Novakphares Family Foundation's EIN?
Novakphares Family Foundation's EIN (Employer Identification Number) is 26-0476836. IRS Form 990 filing data is available on this page for 2020–2025.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(2)
When this profile's IRS filing data changed on Grantable
- Added Form 990-PF for fiscal year 2025 (received by the IRS May 13, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Novakphares Family Foundation funds
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