The Novak Foundation Inc
The Novak Foundation Inc is a private foundation, 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 grant totaling $25K. Net investment income was $19.
The Novak Foundation Inc at a glance
In short: The Novak Foundation Inc gave $25K across 1 grant in 2020 (avg $25K), mostly in New York. Source: 2020 IRS Form 990-PF.
- Annual giving (2020)
- $24,950
- Grants made (2020)
- 1
- Average grant
- $24,950
- Median grant
- $24,950
- Total assets
- $1
- Primary geography
- New York (100% of itemized 2020 grant dollars)
- Latest 990 filing
- Form 990-PF, 2020 View filing
Data from IRS Form 990-PF, 2020; updated September 2026.
Who The Novak Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2020
The largest 2020 recipient was Pencils of Promise Incorporated ($25K).
Grant Size Distribution
1 grant across all recorded years
The most common grant size was under $50K: 1 grant of 1 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of the 2020 grant dollars on its one itemized grant.
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
In 2020 it made 1 grant totaling $25K.
Grants by year
Grant recipients and amounts by year
| 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 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|
| 2020 | $1 | $39 | $24,980 | $24,950 | 1 | $19 | $1,178 |
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.
Leadership & Key People
Officers and directors from IRS filings
The Novak Foundation Inc is led by Ricky B. Novak, President & Treasurer on the 2020 filing; none of the 2 officers listed in 2020 report compensation.
Officers on the 2020 filing
Ricky B. Novak
President & Treasurer
New on the 2020 filing
0.5 hrs/week
No compensation reported
Lisa D. Novak
Vice President & Secretary
New on the 2020 filing
0.5 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020. "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 The Novak Foundation Inc
How much does The Novak Foundation Inc give each year?
The Novak Foundation Inc gave $25K across 1 grant in 2020, according to its 2020 IRS Form 990-PF.
How large is The Novak Foundation Inc?
The Novak Foundation Inc reported $1 in total assets on its 2020 IRS Form 990-PF. Its revenue that year was $39.
Where does The Novak Foundation Inc operate?
The Novak Foundation Inc has awarded grants in New York.
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.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal year 2020
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Browse active grant opportunities in The Novak Foundation Inc's focus areas in our free grants database
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