Program areas at Novo Foundation
Move to end violence: program development, training, & convening of thought-leaders and cohort participants for move to end violence, a 10yr initiative designed to strengthen our collective capacity to end violence against girls & women in the us.
Crop shop hudson valley: expenses related to the development of a vegetable food processor that will service community farmers and institutions. The crop shop provides a sustainable, economical solution for farmers who need to package their goods profitably and institutions which need to purchase them affordably.
The broadway bubble: an affordable laundromat and community hub space, owned and maintained by Novo and managed by Novo's grantee partner, kingston midtown rising. Offers free access to educational classes, wellnesss programs, personal development activities, as well as individual/family case management and counseling services, and other supportive resources as needed.
Farm hub sales of produce to community members
Program related income generated from program-related investments
Grants made by Novo Foundation
Who funds Novo Foundation
Grants from foundations and other nonprofits
Personnel at Novo Foundation
| Name | Title | Compensation | Date of data |
|---|
| Kimberly McLain | Chief Financial Officer | $354,184 | 2023-11-15 |
| Brooke Pickering-Cole | Executive Director , Farm Hub | $262,106 | 2022-12-31 |
| Mona Williams | Director of Finance and Acc | $222,789 | 2022-12-31 |
| Sangeeta Budhiraja | Director of Programs | $344,793 | 2022-12-31 |
| Gary Schwartz | Senior Director | $371,315 | 2022-12-31 |
| ...and 4 more key personnel |
Financials for Novo Foundation
| Revenues | FYE 12/2022 | FYE 12/2021 | % Change |
|---|
| Total grants, contributions, etc. | $308,460,326 | $223,213,553 | 38.2% |
| Investment income and dividends | $2,548,565 | $376,111 | 577.6% |
| Net rental income | $15,002 | $9,341 | 60.6% |
| Net gain from sale of non-inventory assets | $21,707,576 | $1,708,733 | 1170.4% |
| Gross sales of inventory | $-145,562 | $-28,443 | -411.8% |
| Miscellaneous revenues | $54,876 | $515,094 | -89.3% |
| Total revenues | $332,640,783 | $225,794,389 | 47.3% |
Organizations like Novo Foundation
| Organization | Type | Location | Revenue |
|---|
| The Eric and Wendy Schmidt Fund for Strategic Innovation | 501(c)(3) | Palo Alto, CA | $126,518,918 |
| The Norman R Rales and Ruth Rales Foundation | 501(c)(3) | Washington, DC | $95,551,218 |
| Gordon E and Betty I Moore Foundation | 501(c)(3) | Palo Alto, CA | $654,188,442 |
| Klarman Family Foundation | 501(c)(3) | Boston, MA | $132,725,348 |
| Wellspring Philanthropic Fund | 501(c)(3) | New York, NY | $285,365,023 |
| Walton Family Foundation | 501(c)(3) | Bentonville, AR | $796,378,256 |
| The Heinz Endowments | 501(c)(3) | Pittsburgh, PA | $120,446,355 |
| Peter and Carmen Lucia Buck Foundation (PCLB) | 501(c)(3) | New York, NY | $205,282,218 |
| Pershing Square Foundation (PSF) | 501(c)(3) | New York, NY | $106,285,874 |
| Andrew W. Mellon Foundation | 501(c)(3) | New York, NY | $320,667,704 |
Data update history
December 26, 2023
Posted financials
Added Form 990PF for fiscal year 2022
December 24, 2023
Used new vendors
Identified 3 new vendors, including , , and
July 27, 2023
Posted financials
Added Form 990PF for fiscal year 2021
June 26, 2023
Posted financials
Added Form 990PF for fiscal year 2020
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsPartially liquidatedNational levelTax deductible donations
General information
- Address
- PO Box 3971
- Kingston, NY 12402
- Metro area
- Kingston, NY
- County
- Ulster County, NY
- Website URL
- novofoundation.org/Â
- Phone
- (212) 808-5400
- Facebook page
- NoVoFoundationÂ
- Twitter profile
- @novofoundationÂ
IRS details
- EIN
- 47-0824753
- Fiscal year end
- December
- Taxreturn type
- Form 990-PF
- Year formed
- 2021
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- T20: Private Foundations
- NAICS code, primary
- 813211: Grantmaking Foundations
- Parent/child status
- Independent
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