The Richard H Novak Foundation
The Richard H Novak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANTA CRUZ, CA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $40K in total assets. In 2024, it awarded 2 grants totaling $36K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$40K
-51.5% YoY
Annual Giving
$36K
Grant Count
2
Avg Grant Size
$18K
Under IRS private-foundation payout rules, The Richard H Novak Foundation reported a distributable amount of $3K for 2024 — the minimum it must pay out in qualifying distributions.
About The Richard H Novak Foundation
Based on IRS filings
The Richard H Novak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANTA CRUZ, CA. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $40K in total assets. In 2024, it awarded 2 grants totaling $36K.
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 | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $39,512 | $81,416 | $45,000 |
| Revenue | — | $50,000 | $50,000 |
| Expenses | $41,904 | $13,584 | $5,000 |
| Qualifying Distributions | $36,000 | $6,792 | — |
| Net Investment Income | — | — | — |
| Distributable Amount | $3,411 | $1,934 | $1,075 |
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
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Friends of Santa Cruz County Parks ($35,000), International Skateboarding Hall of Fame ($1,000).
| Recipient | Purpose | Amount |
|---|---|---|
| FRIENDS OF SANTA CRUZ COUNTY PARKS SANTA CRUZ, CA | UNRESTRICTED | $35,000 |
| INTERNATIONAL SKATEBOARDING HALL OF FAME SIMI VALLEY, CA | UNRESTRICTED | $1,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| RICHARD NOVAK | PRESIDENT | — | — |
| NATHAN BENJAMIN | SECRETARY | — | — |
| MICHAEL EYRE | TREASURER | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is The Richard H Novak Foundation?
The Richard H Novak Foundation is a private foundation focused on Philanthropy, Voluntarism & Grantmaking, based in SANTA CRUZ, CA. It holds $40K in total assets as of 2024.
How large is The Richard H Novak Foundation?
As of 2024, The Richard H Novak Foundation holds $40K in total assets. It awarded 2 grants totaling $36K in 2024.
Where does The Richard H Novak Foundation operate?
The Richard H Novak Foundation has awarded grants in California.
What size grants does The Richard H Novak Foundation award?
In 2024, The Richard H Novak Foundation awarded 2 grants totaling $36K — an average of about $18K per grant, based on its IRS Form 990 filings.
How much is The Richard H Novak Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, The Richard H Novak Foundation reported a distributable amount of $3K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is The Richard H Novak Foundation's EIN?
The Richard H Novak Foundation's EIN (Employer Identification Number) is 88-4054141. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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