Novak Family Foundation
Private foundation · Prince George, British Columbia · BN 882707763RR0001 · Foundations
Source: T3010 return, FPE 2024-05-31. Split of total expenditures ($95,024) as filed with the CRA.
Novak Family Foundation is a private foundation based in Prince George, British Columbia, classified by the CRA under foundations. In its fiscal year ending May 31, 2024, it reported $140K in revenue and $95K in expenditures.
Compared with 2,689 grantmaking charities of similar size, its share of spending on mission — charitable programs plus grants to other charities — ranked above 69% of peers. Its reserves, measured in years of spending on hand, sat in the top decile of the group.
As a grantmaker, it reported gifts to 8 qualified donees totalling $91K in 2024, the largest being $55K to Town of Carrot River. Revenue has grown substantially over its filings on record here, from $9,369 in 2020 to $140K in 2024. Its filed list of directors and trustees shows 3 names.
The ledger, 2020–2024
| Year | Revenue | Spending | Programs | Fundraising | Gifts out | Net assets |
|---|---|---|---|---|---|---|
| 2024 | $140K | $95K | — | — | $91K | $4.1M |
| 2023 | $170K | $91K | — | — | $87K | $4M |
| 2022 | $342K | $1M | — | — | $1M | $4M |
| 2021 | $2.2M | $74K | — | — | $72K | $4.7M |
| 2020 | $9,369 | $67K | — | — | $64K | $2.6M |
Revenue printed in red where the year ran a deficit. Fiscal years by period end.
Private foundation — endowment and payout, May 31, 2024
- Investment income$120,362
This ratio is gifts made divided by total assets at year end. It is not the CRA disbursement quota, which is calculated on the average value of property not used in charitable activities and cannot be derived from these filings.
Money between charities, 2024
Granted $91K to 8 qualified donees:
- Town of Carrot River$55K
- The Board of Education of School District No. 57 (Prince George)$10K
- Grande Cache Search and Rescue Society$10K
- Our Lady of the Miraculous Medal Parish$5,000
- The Prince George Hospice Palliative CARE Society$5,000
- Fraser-Fort George Museum Society$2,500
- Minerva Foundation for BC Women$2,500
- ST. Mary's Catholic School$1,000
As reported on the donors’ own T3010 qualified-donee schedules.
Directors & trustees (2024)
Anton Novak (trustee); Rob Novak (trustee); Henry Novak (trustee).
As listed on its 2024 return.
Check the source
Every figure on this page is from Novak Family Foundation’s own T3010 filings, published by the Canada Revenue Agency. Verify against the CRA’s charities listing (search BN 882707763RR0001), or read how we compute the receipt.