Fredric G & Mary Louise Novy Charitable Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Fredric G & Mary Louise Novy Charitable Foundation Inc is a 501(c)(3) organization based in Chicago, Illinois, registered in 1995, with $5,512 in FY2024 revenue. CharityIndex grades it F.
6751 N Edgebrook Ter, Chicago, IL, 60646 EIN 36-3925716 Since 1995
Revenue (FY2024)
$5,512
▼ 6.1% vs prior year
Housing median: $408K
Expenses (FY2024)
$27K
Net assets
$79K
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
F
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Fredric G & Mary Louise Novy Charitable Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
FFinancial health25% of the rating35 mo reserves · -393% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Fredric G & Mary Louise Novy Charitable Foundation Inc: 35 mo reserves · -393% margin earns a F on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Fredric G & Mary Louise Novy Charitable Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Fredric G & Mary Louise Novy Charitable Foundation Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 6751 N Edgebrook Ter, Chicago, IL, 60646
- City
- Chicago
- State
- Illinois
- Category
- Housing & Shelter
- Subcategory
- Housing Support Services
Financial trends
Revenue declined from $15K (FY2016) to $5,512 (FY2024) across 9 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $79K
Operating margin
-392.5%
Spent more than it raised in the latest fiscal year.
Total assets
$79K
Total liabilities
$0
Net assets
$79K
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $5,512▼6.1% | $27,148▲64.5% | $79,193▼21.5% | $79,193▼21.5% | 990PF |
| 2023 | $5,873▼32.6% | $16,502▼53.5% | $100,829▼9.5% | $100,829▼9.5% | 990PF |
| 2022 | $8,713▼66.0% | $35,516▼17.0% | $111,458▼19.4% | $111,458▼19.4% | 990PF |
| 2021 | $25,651▼76.6% | $42,775▲11.3% | $138,261▼11.0% | $138,261▼11.0% | 990PF |
| 2020 | $109,748▲3705% | $38,436▲26.7% | $155,385▼11.1% | $155,385▼22.6% | 990PF |
| 2019 | $2,884▼88.4% | $30,342▲9.4% | $174,861▼13.5% | $200,811▼0.6% | 990PF |
| 2018 | $24,786▼55.6% | $27,746▼15.4% | $202,098▼1.5% | $202,098▼1.5% | 990PF |
| 2017 | $55,879▲281% | $32,808▼45.8% | $205,088▲12.7% | $205,088▲12.7% | 990PF |
| 2016 | $14,659 | $60,476 | $181,986 | $181,986 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Fredric G & Mary Louise Novy Charitable Foundation Inc a legitimate nonprofit?
- Yes. Fredric G & Mary Louise Novy Charitable Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-3925716, based in Chicago, Illinois. Donations are tax-deductible.
- What is Fredric G & Mary Louise Novy Charitable Foundation Inc's EIN?
- Fredric G & Mary Louise Novy Charitable Foundation Inc's Employer Identification Number (EIN) is 36-3925716.
- How much revenue does Fredric G & Mary Louise Novy Charitable Foundation Inc report?
- Fredric G & Mary Louise Novy Charitable Foundation Inc reported $5,512 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Fredric G & Mary Louise Novy Charitable Foundation Inc have?
- CharityIndex grades Fredric G & Mary Louise Novy Charitable Foundation Inc F, based on financial health (reserves and operating margin).
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Data for Fredric G & Mary Louise Novy Charitable Foundation Inc (EIN 36-3925716) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.