Joseph Novakoff Charitable Foundation, Novakoff Joseph Et Al Ttees in Weston, Massachusetts (MA)

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Joseph Novakoff Charitable Foundation, Novakoff Joseph Et Al Ttees
Employer Identification Number (EIN)046768027
Name of OrganizationJoseph Novakoff Charitable Foundation
Secondary NameNovakoff Joseph Et Al Ttees
Address208 Highland St, Weston, MA 02493-1112
ActivitiesGifts, grants, or loans to other organizations
SubsectionCharitable Organization
Ruling Date03/1995
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationTrust
Exempt Organization StatusUnconditional Exemption
Tax Period09/2014
Assets$100,000 to $499,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other)
Asset Amount$273,877
Amount of Income$387,012
Form 990 Revenue Amount$91,136
National Taxonomy of Exempt Entities (NTEE)Philanthropy, Voluntarism and Grantmaking Foundations:


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Amount of income in 2014: $387,012 (it was $165,272 in 2012)
This organization: 

 $387,012
Other organizations performing similar types of work: 

 $234,343

Assets in 2014: $273,877 (it was $242,958 in 2012)
This organization: 

 $273,877
Other organizations performing similar types of work: 

 $268,176

Expenses in 2012: $16,465
This organization: 

 $16,465
Other organizations performing similar types of work: 

 $152,289

Income to expenses ratio in 2012: 23.5
Joseph Novakoff Charitable Foundation, Novakoff Joseph Et Al Ttees: 

 23.5
Other organizations performing similar types of work: 

 1.5

Grants share in income in 2012: 3.1%
Joseph Novakoff Charitable Foundation, Novakoff Joseph Et Al Ttees: 

 3.1%
Other organizations performing similar types of work: 

 0.2%

Financial snapshot ($)

Revenue for 2012

Expenses for 2012

Assets for 2012

Analysis of Revenue and Expenses (for 2012)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$21,382$20,726$0
Contributions, gifts, grants, etc., received$656
Interest on savings and temporary cash investments$0
Dividends and interest from securities$9,678
Gross rents$0
Gross profit from sales of goods$0
Other income$0
Other$11,048
Total expenses and disbursements$16,465$226$0$15,825
Compensation of officers, directors, trustees, etc.$0
Total operating and administrative expenses$3,425$226$2,785
Contributions, gifts, grants paid$13,040
Excess of revenue over expenses and disbursements$4,917
Net investment income$20,500
Adjusted net income$0
Balance Sheets (for 2012)
Book ValueFair Market Value
Total assets$242,958$368,501
Cash - non-interest-bearing$17,668
Investments-U.S. and state government obligations$0
Investments-corporate stock$225,290
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Total liabilities$0
Total liabilities and net assets/fund balances$242,958
Capital Gains and Losses for Tax on Investment Income (for 2012)
Capital gain net income$11,048
Net capital loss$0
Excise Tax Based on Investment Income (for 2012)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$410
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$410
Overpayment$0
Amount to be credited to 2013 estimated tax$0
Statements Regarding Activities (for 2012)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2012 or the taxable year beginning in 2012?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2012)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2012, did the foundation have any undistributed income for tax year(s) beginning before 2012?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2012)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$304,932
Net value of noncharitable-use assets$300,360
Minimum investment return$15,018
Distributable Amount (for 2012)
Distributable amount$14,608
Undistributed Income (for 2012)
Distributable amount for 2012$14,608
Undistributed income for 2012. This amount must be distributed in 2013$0
Private Operating Foundations (for 2012)
2012201120102009Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Ruderman Family Foundation2150 Washington St, Newton, MA 02462-1498MA1997-02$28,787,760
2The Rona Jaffe Foundation21 Wildwood Dr, Dix Hills, NY 11746-6039NY1995-04$9,036,824
3Dreams R Us Foundation, Pace Benedict G Et Al Ttee37 Valentine Rd, Shoreham, NY 11786-1243NY1995-12$6,807,211
4Andrew J Kirch Charitabel Tr Under Paragraph Seventh Of Will, Vazzana James G Co-Ttee5 S Fitzhugh St, Rochester, NY 14614-1413NY1995-03$505,184
5Joseph Novakoff Charitable Foundation, Novakoff Joseph Et Al Ttees208 Highland St, Weston, MA 02493-1112MA1995-03$387,012
6Acorn Foundation1160 S Michigan Ave Apt 3002, Chicago, IL 60605-3047IL1995-05$249,125
7Bl Squared Foundation Tr, Bernstein Stanley Et Al Ttee10 East 40th Street, New York, NY 10016-0200NY1997-02$234,343
8Marina P And Stephen E Kaufman Foundation277 Park Ave 47th Floor, New York, NY 10172-0003NY1997-02$229,967
9Stanley & Vivian Bernstein Foundation300 Trenor Dr, New Rochelle, NY 10804-3814NY1997-02$79,299
10Rosenwald Foundation Inc6 Forest Ln, Lawrence, NY 11559-1716NY1995-04$58,570
11Melly And Rochelle Lifshitz Charitable Tr, Lifshitz Menachem E & Daniel Ttee22 Auerbach Ln, Lawrence, NY 11559-2517NY1997-02$11,012
12A & T Philia Foundation87 Lochleven Ln, Inverness, IL 60067-4884IL1995-05$9,717
13S&k Liebhard Charitable Foundation Tr, Liebhard Sandy Et Al Ttee935 E 23rd St, Brooklyn, NY 11210-3621NY1997-02$18
14Robert Michael And Janet Marie Fike Foundation2146 W Madero Ave, Mesa, AZ 85202-6437AZ1995-03$1
15Rotary Club Of Waverly New York Foundation IncP O Box 717, Waverly, NY 14892NY1998-01$0
16The 25th Anniversary Foundation Inc1745 Broadway, New York, NY 10019-4305NY1990-05$0
Number of organizations performing similar types of work
Arizona1
Illinois2
Massachusetts2
New York11
Total16

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