Executive compensation
Form 990-PF · Part VIII · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota.
| Position | Total |
|---|---|
Trustee Board Member Median to 75th percentile | $14k $15k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 2 unpaid individuals.
Browse compensation in Philanthropy, Voluntarism & Grantmaking →
Top pay as a share of expenses
In 2024, the highest total compensation at THE JENNIFER NOVAK FOUNDATION equaled 21% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
Based on 35,946 philanthropy, voluntarism & grantmaking organizations, each measured at its most recent filing year with reported expenses and compensation.
Grants paid
Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.
Total granted
$52k
Itemized grants
6
Median grant
$8k
| Recipient | Location | Purpose | Amount |
|---|---|---|---|
| ST PHILLIP THE DEACON | PLYMOUTH, MN | GENERAL | $20k |
| GUTHRIE THEATRE FOUNDATION | MINNEAPOLIS, MN | GENERAL | $10k |
| HENNEPIN ARTS | MINNEAPOLIS, MN | GENERAL | $10k |
| WALLIN EDUCATION PARTNERS | ST PAUL, MN | GENERAL | $6k |
| THEATRE LATTE DA | MINNEAPOLIS, MN | GENERAL | $5k |
| AMERICAN SWEDISH INSTITUTE | MINNEAPOLIS, MN | GENERAL | $1k |
Held steady
from 2023
From $14k in 2023 to $14k in 2024.
Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Board Member pay held roughly steady from 2023 to 2024, while revenue rose 315%.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about THE JENNIFER NOVAK FOUNDATION
What does the Board Member of THE JENNIFER NOVAK FOUNDATION earn?
In 2024, the Board Member of THE JENNIFER NOVAK FOUNDATION received $14,400 in total compensation. This pay is above the median (the midpoint) for Board Member roles among Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, within the top half of comparable filings. Based on IRS Form 990 data.
How does Board Member pay at THE JENNIFER NOVAK FOUNDATION compare with similar nonprofits?
Compared with the same role at Philanthropy, Voluntarism & Grantmaking organizations in Minnesota, the 2024 pay of the Board Member at THE JENNIFER NOVAK FOUNDATION falls between the median and the 75th percentile. In 2024, the highest total compensation at THE JENNIFER NOVAK FOUNDATION equaled 21% of the organization's total expenses. The median for philanthropy, voluntarism & grantmaking organizations is 15%.
What are THE JENNIFER NOVAK FOUNDATION's revenue and expenses?
In 2024, THE JENNIFER NOVAK FOUNDATION reported $27k in total revenue and $67k in total expenses on its IRS Form 990.
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This is a private foundation. Peers are foundations of similar asset size (Under $1M), because foundation pay scales with assets under management, not revenue.
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