The Nowak Family Foundation Inc

FLOWER MOUND, TX EIN: 27-3254802

The Nowak Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLOWER MOUND, TX. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $662K in total assets. In 2024, it awarded 2 grants totaling $35K. Net investment income was $11K.

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$662K

-8.7% YoY

Annual Giving

$35K

-2.8% YoY

Grant Count

+0.0% YoY

Avg Grant Size

$18K

-2.8% YoY

Under IRS private-foundation payout rules, The Nowak Family Foundation Inc reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.

About The Nowak Family Foundation Inc

Based on IRS filings

Focus Areas

Philanthropy, Voluntarism & Grantmaking

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

Massachusetts $153K (52%)

Texas $84K (29%)

New York $55K (19%)

States

Florida Massachusetts New York Texas

Cities

Boca RatonFort WorthSpringfieldWebsterWest Point

Financial History

Multi-year comparison from IRS filings

Revenue

Expenses

Qualifying Distributions

Net Investment Income

Metric	2024	2023	2022
Total Assets	$662,207	$725,607	$763,486
Revenue	$728	$17,271	$16,272
Expenses	$64,128	$55,150	$43,102
Qualifying Distributions	$44,307	$48,496	$26,530
Net Investment Income	$10,670	$10,617	$13,044
Distributable Amount	$2,307	$34,978	$35,438

Giving Over Time

Total grant dollars and number of grants per year

Grant Insights

How this funder distributes its grants

Top Recipients

Top 2 recipients in 2024

Grant Size Distribution

11 grants across all recorded years

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest include Saint Joseph School ($30,000), Sisters of St Joseph Springfield ($5,000).

Recipient	Purpose	Amount
SAINT JOSEPH SCHOOL WEBSTER, MA	UNRESTRICTED CHARITABLE GIFT	$30,000
SISTERS OF ST JOSEPH SPRINGFIELD SPRINGFIELD, MA	UNRESTRICTED CHARITABLE GIFT	$5,000

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

From 2024 filing

Name	Title	Hours	Compensation
RICHARD A NOWAK	DIRECTOR	1	$2,500
CARL JAY TAYLOR	DIRECTOR	1	$2,500
MATTHEW NOWAK	DIRECTOR	1	$2,500
JEFF NOWAK	DIRECTOR	1	$2,500

Subject Areas

Focus areas based on grantmaking activity

Philanthropy, Voluntarism & Grantmaking

Frequently Asked Questions

What is The Nowak Family Foundation Inc?

The Nowak Family Foundation Inc is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in FLOWER MOUND, TX. It holds $662K in total assets as of 2024.

How large is The Nowak Family Foundation Inc?

As of 2024, The Nowak Family Foundation Inc holds $662K in total assets with $728 in annual revenue. It awarded 2 grants totaling $35K in 2024.

Where does The Nowak Family Foundation Inc operate?

The Nowak Family Foundation Inc has awarded grants in Florida, Massachusetts, New York, Texas.

What size grants does The Nowak Family Foundation Inc award?

In 2024, The Nowak Family Foundation Inc awarded 2 grants totaling $35K — an average of about $18K per grant, based on its IRS Form 990 filings.

How much is The Nowak Family Foundation Inc required to give away each year?

Private foundations must generally distribute about 5% of their assets annually. For 2024, The Nowak Family Foundation Inc reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.

What is The Nowak Family Foundation Inc's EIN?

The Nowak Family Foundation Inc's EIN (Employer Identification Number) is 27-3254802. IRS Form 990 filing data is available on this page for 2019–2024.