Novakphares Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAK BROOK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $160K in total assets. In 2024, it awarded 8 grants totaling $27K. Net investment income was $4K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$160K
+9.2% YoY
Annual Giving
$27K
+35.0% YoY
Grant Count
8
+60.0% YoY
Avg Grant Size
$3K
-15.6% YoY
About Novakphares Family Foundation
Based on IRS filings
Novakphares Family Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in OAK BROOK, IL. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $160K in total assets. In 2024, it awarded 8 grants totaling $27K. Net investment income was $4K.
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 | $159,958 | $146,451 | $142,773 |
| Revenue | $43,476 | $26,238 | $27,551 |
| Expenses | $29,969 | $22,560 | $19,785 |
| Qualifying Distributions | $27,000 | $20,000 | $17,000 |
| Net Investment Income | $4,031 | $5,166 | $3,410 |
| Distributable Amount | $22,209 | $17,905 | $16,398 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 8 recipients in 2024
Grant Size Distribution
30 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 |
|---|---|---|---|
| CHARLENE M NOVAK | PRESIDENT & DIRECTOR | 1 | — |
| MARK NOVAK | CHAIRMAN OF THE BOARD & DI | 1 | — |
| JASON C NOVAK | SECRETARY & DIRECTOR | 1 | — |
| JENNIFER R NOVAK | TREASURER & DIRECTOR | 1 | — |
| JENNIFER J NOVAK | VICE PRESIDENT & DIRECTOR | 1 | — |
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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