The Novak Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALYS BEACH, FL. IRS filing data is available for 2020. As of 2020, the organization holds $1 in total assets. In 2020, it awarded 1 grants totaling $25K. Net investment income was $19.
Financial Overview
From 2020 IRS Form 990-PF · View filing
Total Assets
$1
Annual Giving
$25K
Grant Count
1
Avg Grant Size
$25K
Under IRS private-foundation payout rules, The Novak Foundation Inc reported a distributable amount of $1K for 2020 — the minimum it must pay out in qualifying distributions.
About The Novak Foundation Inc
Based on IRS filings
The Novak Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in ALYS BEACH, FL. IRS filing data is available for 2020. As of 2020, the organization holds $1 in total assets. In 2020, it awarded 1 grants totaling $25K. Net investment income was $19.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2020 |
|---|---|
| Total Assets | $1 |
| Revenue | $39 |
| Expenses | $24,980 |
| Qualifying Distributions | — |
| Net Investment Income | $19 |
| Distributable Amount | $1,178 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2020
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2020 grants, the largest include Pencils of Promise Incorporated ($24,950).
| Recipient | Purpose | Amount |
|---|---|---|
| PENCILS OF PROMISE INCORPORATED NEW YORK, NY | POP GALA TO HELP BUILD SCHOOLS AND PROGRAMS IN THE DONEE'S COUNTRIES OF OPERATIONS | $24,950 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2020 IRS filing
From 2020 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICKY B NOVAK | PRESIDENT / TREASURER | 0.5 | — |
| LISA D NOVAK | VICE PRESIDENT / SECRETARY | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Novak Foundation Inc?
The Novak Foundation Inc is a nonprofit organization focused on Philanthropy, Voluntarism & Grantmaking, based in ALYS BEACH, FL. It holds $1 in total assets as of 2020.
How large is The Novak Foundation Inc?
As of 2020, The Novak Foundation Inc holds $1 in total assets with $39 in annual revenue. It awarded 1 grants totaling $25K in 2020.
Where does The Novak Foundation Inc operate?
The Novak Foundation Inc has awarded grants in New York.
What size grants does The Novak Foundation Inc award?
In 2020, The Novak Foundation Inc awarded 1 grants totaling $25K — an average of about $25K per grant, based on its IRS Form 990 filings.
How much is The Novak Foundation Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2020, The Novak Foundation Inc reported a distributable amount of $1K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Novak Foundation Inc's EIN?
The Novak Foundation Inc's EIN (Employer Identification Number) is 47-5674846. IRS Form 990 filing data is available on this page for 2020.
Explore Open Grants
Browse active grant opportunities in The Novak 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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