Joseph Novakoff Charitable Foundation
- Assets
- $271.6k
- Revenue
- $11.8k
- Investments
- $147.8k
- Employees
- 0
- Location
- Weston, MA
- Founding
- 03/1995
- Data as of
- 09/2023
- EIN
- 04-6768027
Organization Overview
Joseph Novakoff Charitable Foundation is located in Weston, MA. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph Novakoff Charitable Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Joseph Novakoff Charitable Foundation generated $11.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.2% each year . All expenses for the organization totaled $24.9k during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Joseph Novakoff Charitable Foundation has awarded 78 individual grants totaling $204,693. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Karen Novakoff Trustee | 1 | $0 | |
Stephen Novakoff Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,244 |
| Dividends & Interest | $2,587 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $11,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,165 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,915 |
| Contributions, gifts, grants paid | $19,948 |
| Total expenses and disbursements | $24,863 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $123,744 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $271,556 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Joseph Novakoff Charitable Foundation has awarded $19,948 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
HEBREW SENIOR LIFE PURPOSE: PHILANTHROPIC | $10,000 |
COMBINED JEWISH PHILANTHROPIES PURPOSE: PHILANTHROPIC | $1,800 |
NEWTON WELLESLEY HOSPITAL FUND PURPOSE: PHILANTHROPIC | $1,000 |
SINAI TEMPLE PURPOSE: PHILANTHROPIC | $336 |
TEMPLE EMANUEL PURPOSE: PHILANTHROPIC | $6,812 |