Philanthropy & Grantmaking
(T20)
990 on File
FRANK J NOVAK AND JOE E NOVAK SCHOLARSHIP FOUNDATION
Financial strength (30%)
67/100
Reliability (20%)
55/100
Effectiveness (25%)
51/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2025
$22K
Total Revenue
$26K
Total Expenses
$455K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
100.0%
Fundraising Efficiency
N/A
Operating Reserve
212.94x
Liability-to-Asset
0.0%
Revenue Diversification
100.0%
Compared with Peers
FY 2025
Compared with 11,336 similar organizations
(United States, Philanthropy & Grantmaking, under $100K in expenses), FY 2025.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
100.0% | 86.1% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
212.9 mo | 119.9 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
0.0% | 0.0% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 92.1% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
-3.0% | 5.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
0.6% | 2.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-14.2% | 11.2% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2025 | $22K | $26K | $455K | 100.0% | — |
| 2024 | $23K | $26K | $459K | 100.0% | — |
| 2023 | $13K | $26K | $461K | 97.3% | — |
| 2022 | $2K | $25K | $474K | 100.0% | — |
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