Novick Family Foundation Inc
- Assets
- $1.6m
- Revenue
- $180.6k
- Investments
- $1.5m
- Employees
- 0
- Location
- Skokie, IL
- Founding
- 02/1990
- Data as of
- 12/2022
- EIN
- 36-3672351
Organization Overview
Novick Family Foundation Inc is located in Skokie, IL. The organization was established in 1990. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Novick Family Foundation Inc 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 12/2022, Novick Family Foundation Inc generated $180.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (12.8%) each year. All expenses for the organization totaled $309.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (10.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Novick Family Foundation Inc has awarded 100 individual grants totaling $982,300. 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 |
|---|---|---|---|
Bernice Novick President | 1 | $0 | |
Bonnie Rosen Director | 1 | $0 | |
Sy Rosen Director | 1 | $0 | |
Leonard Matanky Director | 1 | $0 | |
Margaret Matanky Director | 1 | $0 | |
Sharon Rush Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $450 |
| Dividends & Interest | $112,175 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $57,030 |
| Capital Gain Net Income | $57,030 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $10,930 |
| Total Revenue | $180,585 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,984 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $304 |
| Total operating and administrative expenses | $17,715 |
| Contributions, gifts, grants paid | $292,200 |
| Total expenses and disbursements | $309,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $42,760 |
| 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 | $1,301 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,551,570 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $54,818 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $22,306 |
| Total liabilities | $77,124 |
Grants Awarded
Over the last fiscal year, Novick Family Foundation Inc has awarded $284,100 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FRIENDS OF LOMZA YESHIVA-PETAH TIKVAH PURPOSE: CHARITABLE | $3,600 |
ARIE CROWN HEBREW DAY SCHOOL PURPOSE: CHARITABLE | $15,000 |
BARUCH U FERGEL MARPEH PURPOSE: CHARITABLE | $50,000 |
BEIS MEDRISH OF QUEENS PURPOSE: CHARITABLE | $6,000 |
CAMP MOSHAVA PURPOSE: CHARITABLE | $17,500 |
CHICAGO CHESED FUND PURPOSE: CHARITABLE | $10,000 |