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David And Janet Polak Foundation

  • Wilmington, DE
  • Tax-exempt since Sept. 2014
  • EIN: 45-4797578

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Independent Foundations (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$4.82M (2024)

Expenses
$4.66M (2024)

Total Assets
$70.4M (2024)

Total Liabilities
$0 (2024)

Years with missing data
Source: Form 990 tax filings from 2013 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,815,059
Expenses
$4,660,378
Net Income
$154,681
Net Assets
$70,414,478
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $7,800
0.2%
Interest Revenue $136,837
2.8%
Dividends $1,793,981
37.3%
Sales of Assets $1,642,733
34.1%
Other Income $1,233,708
25.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,309,299
71.0%
Compensation of Officers* $278,167
6.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $70,414,478
Total Liabilities $0
Net Assets $70,414,478
Compensation
Key Employees and Officers Compensation Other
Jeff Polak (Dir, Pres) $278,167 $26,509
Noreen L Rubio (Administrative Asst) $89,500 $940
David Polak (Dir) $0 $0
Janet Polak (Dir) $0 $0
Robert Polak (Dir) $0 $0
Jonathan Seltzer (Dir) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 17, 2025

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,905,865
Expenses
$5,496,971
Net Income
-$591,106
Net Assets
$70,259,797
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $208,257
4.2%
Dividends $1,634,442
33.3%
Sales of Assets $2,055,863
41.9%
Other Income $1,007,303
20.5%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,686,660
67.1%
Compensation of Officers* $278,130
5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $70,259,797
Total Liabilities $0
Net Assets $70,259,797
Compensation
Key Employees and Officers Compensation Other
Jeff Polak (Dir, Pres, Exec Dir) $278,130 $11,000
Noreen L Rubio (Administrative Asst) $89,000 $0
David Polak (Dir) $0 $0
Janet Polak (Dir) $0 $0
Robert Polak (Dir) $0 $0
Jonathan Seltzer (Dir) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 16, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$5,241,349
Expenses
$4,859,232
Net Income
$382,117
Net Assets
$70,845,903
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $87,745
1.7%
Dividends $810,321
15.5%
Sales of Assets $3,459,673
66.0%
Other Income $883,610
16.9%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,582,308
73.7%
Compensation of Officers* $247,768
5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $70,845,903
Total Liabilities $0
Net Assets $70,845,903
Compensation
Key Employees and Officers Compensation Other
Jeff Polak (Dir, Pres, Executive Dir) $247,768 $11,000
Noreen L Rubio (Administrative Asst) $74,000 $0
David Polak (Dir) $0 $0
Janet Polak (Dir) $0 $0
Robert Polak (Dir) $0 $0
Jonathan Seltzer (Dir) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 12, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,446,764
Expenses
$4,082,563
Net Income
-$635,799
Net Assets
$70,462,786
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,484
0.0%
Dividends $710,705
20.6%
Sales of Assets $1,764,784
51.2%
Other Income $969,791
28.1%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,895,187
70.9%
Compensation of Officers* $235,550
5.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $70,462,786
Total Liabilities $0
Net Assets $70,462,786
Compensation
Key Employees and Officers Compensation Other
Jeff Polak (Dir, Pres, Executive Dir) $235,550 $11,000
Noreen L Rubio (Administrative Asst) $61,000 $0
David Polak (Dir) $0 $0
Janet Polak (Dir) $0 $0
Robert Polak (Dir) $0 $0
Jonathan Seltzer (Dir) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 16, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing
PDF XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,236,739
Expenses
$4,560,284
Net Income
-$1,323,545
Net Assets
$71,098,584
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $66,750
2.1%
Dividends $887,181
27.4%
Sales of Assets $1,647,887
50.9%
Other Income $634,921
19.6%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,400,295
74.6%
Compensation of Officers* $222,800
4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $71,098,585
Total Liabilities $1
Net Assets $71,098,584
Compensation
Key Employees and Officers Compensation Other
Jeff Polak (Dir, Pres, Executive Dir) $222,800 $11,000
Karen Springer (Program Advisor) $150,000 $0
Noreen L Rubio (Administrative Asst) $60,000 $0
David Polak (Dir) $0 $0
Janet Polak (Dir) $0 $0
Robert Polak (Dir) $0 $0
Jonathan Seltzer (Dir) $0 $0
+ View more people

Document Links

990-PF
Filed on Nov. 16, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing
XML
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$4,086,731
Expenses
$3,860,217
Net Income
$226,514
Net Assets
$72,413,245
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $299,882
7.3%
Dividends $1,024,438
25.1%
Sales of Assets $2,300,420
56.3%
Other Income $461,991
11.3%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $2,946,492
76.3%
Compensation of Officers* $218,305
5.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $72,413,245
Total Liabilities $0
Net Assets $72,413,245

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2018

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2017

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2016

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$3,395,368
Expenses
$4,673,340
Net Income
-$1,277,972
Net Assets
$72,956,960
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $8,876
0.3%
Dividends $1,434,845
42.3%
Sales of Assets $1,757,244
51.8%
Other Income $194,403
5.7%
Notable Expenses Percent of Total Expenses
Charitable Disbursements $4,014,987
85.9%
Compensation of Officers* $184,258
3.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $72,956,960
Total Liabilities $0
Net Assets $72,956,960

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF
PDF (2 of 2)

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,805,760
Expenses
$4,267,770
Net Income
-$2,462,010
Net Assets
$74,234,932
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $0
Interest Revenue $1,952
0.1%
Dividends $1,570,954
87.0%
Sales of Assets $235,706
13.1%
Other Income -$2,852
Notable Expenses Percent of Total Expenses
Charitable Disbursements $3,660,798
85.8%
Compensation of Officers* $175,000
4.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $74,234,932
Total Liabilities $0
Net Assets $74,234,932

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF
990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF
Revenue
$1,756,724
Expenses
$1,420,570
Net Income
$336,154
Net Assets
$76,696,942
Notable Sources of Revenue Percent of Total Revenue
Contributions Received $1,308,359
74.5%
Interest Revenue $2,325
0.1%
Dividends $1,605,451
91.4%
Sales of Assets $0
Other Income -$5,261
Notable Expenses Percent of Total Expenses
Charitable Disbursements $802,835
56.5%
Compensation of Officers* $175,000
12.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.
Assets/Debt
Total Assets $76,696,942
Total Liabilities $0
Net Assets $76,696,942

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

Get the Data

For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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