Penny Smith Novick Foundation Inc
- Assets
- $464.7k
- Revenue
- $42.9k
- Investments
- $416.2k
- Employees
- 0
- Location
- Highland Beach, FL
- Founding
- 05/1997
- Data as of
- 12/2023
- EIN
- 13-3935976
Organization Overview
Penny Smith Novick Foundation Inc is located in Highland Beach, FL. The organization was established in 1997. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Penny Smith Novick 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 12/2023, Penny Smith Novick Foundation Inc generated $42.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (5.5%) each year. All expenses for the organization totaled $45.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Penny Smith Novick Foundation Inc has awarded 62 individual grants totaling $282,160. 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 |
|---|---|---|---|
Penny Novick President / Treasurer | 3 | $0 | |
Brett Novick Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,515 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,357 |
| Capital Gain Net Income | $21,357 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,872 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $832 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $30 |
| Total operating and administrative expenses | $13,624 |
| Contributions, gifts, grants paid | $31,550 |
| Total expenses and disbursements | $45,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $48,539 |
| 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 | $464,742 |
| 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, Penny Smith Novick Foundation Inc has awarded $31,550 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF THE ISRAEL DEFENSE FORCE PURPOSE: GENERAL PURPOSE | $5,000 |
AMERICAN CANCER SOCIETY PURPOSE: GENERAL PURPOSE | $1,500 |
GLEN OAKS CLUB PHILANTROPHIC FUND PURPOSE: GENERAL PURPOSE | $750 |
JEWISH FEDERATION OF PALM BEACH COUNTY PURPOSE: GENERAL PURPOSE | $500 |
NORTH SHORE-LIJ HEALTH SYSTEM FOUNDATION PURPOSE: GENERAL PURPOSE | $23,150 |
PLAY FOR PINK PURPOSE: GENERAL PURPOSE | $650 |