ROCHELLE AND JEFF SITT FAMILY FOUNDATION: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
ROCHELLE AND JEFF SITT FAMILY FOUNDATION (EIN 34-1994510)
Tax period
2023-01-01 to 2023-12-31
Filed
2024-05-06
IRS object ID
202421279349100222
Schema version
2023v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-05-06T09:18:43-04:00ReturnTs
Tax Period End2023-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN270030728PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MILLER & COMPANY LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1141-07 20TH AVE STE 101AddressLine1Txt
CityWHITESTONECityNm
State AbbreviationNYStateAbbreviationCd
ZIP113573097ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2023-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN341994510EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1ROCHELLE AND JEFF SITT FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlROCHBusinessNameControlTxt
Phone9176085702PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line112 HALL STREET SUITE 200AddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11205ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEFFREY SITTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9176085702PhoneNum
Signature2024-05-06SignatureDt

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJEFFREYPersonFirstNm
Person LastSITTPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrfalseIRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL MILLER CPAPreparerPersonNm
PTINP00112583PTIN
Phone7187670737PhoneNum
Preparation2024-05-06PreparationDt
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Name ChangeYes (X)NameChangeInd
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$24,490FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$1,327DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1,327DividendsNetInvstIncmAmt
Dividends Adj Net Incm$1,327DividendsAdjNetIncmAmt
Other Income Rev And Expnss-$413OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm-$413OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$914TotalRevAndExpnssAmt
Total Net Invst Incm$1,327TotalNetInvstIncmAmt
Total Adj Net Incm$914TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$5,525AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$500OtherProfFeesRevAndExpnssAmt
Other Expenses Rev And Expnss$12OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$6,037TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,679ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,679ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$20,716TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$14,679TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$19,802ExcessRevenueOverExpensesAmt
Net Investment Income$1,327NetInvestmentIncomeAmt
Adjusted Net Income$914AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$40,789SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$21,400SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$21,400SavAndTempCashInvstEOYFMVAmt
Other Nts And Loans Rcvbl$3,090OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$3,090OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$3,090OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$3,090OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY$43,879TotalAssetsBOYAmt
Total Assets EOY$24,490TotalAssetsEOYAmt
Total Assets EOYFMV$24,490TotalAssetsEOYFMVAmt
Other Liabilities BOY$6,700OtherLiabilitiesBOYAmt
Other Liabilities EOY$7,113OtherLiabilitiesEOYAmt
Total Liabilities BOY$6,700TotalLiabilitiesBOYAmt
Total Liabilities EOY$7,113TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$37,179RetainedEarningBOYAmt
Retained Earning EOY$17,377RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$37,179TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$17,377TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$43,879TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$24,490TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$37,179TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$19,802ExcessRevenueOverExpensesAmt
Subtotal$17,377SubtotalAmt
Tot Net Ast Or Fund Balances EOY$17,377TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$18InvestmentIncomeExciseTaxAmt
Subtotal$18SubtotalAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Tax Due$18TaxDueAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressJEFFESITT@GMAIL.COMWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1JEFFREY SITTBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone9176085702PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line112 HALL STREETAddressLine1Txt
Address Line2SUITE 200AddressLine2Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11205ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (2 entries)

Address Line1USAddress/AddressLine1TxtAddress Line2USAddress/AddressLine2TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JEFFREY SITT
12 HALL STREETSUITE 200BROOKLYNNY11205PRESIDENT1.00$0$0$0
ROCHELLE SITT
12 HALL STREETSUITE 200BROOKLYNNY11205V. PRESIDENT000.00$0$0$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Sum Of Program Related Invst SumOfProgramRelatedInvstGrp

FieldValueIRS element (for citing)
Description1N/ADescription1Txt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$28,252AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$3,090FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$31,342TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$31,342AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$470CashDeemedCharitableAmt
Net Vl Noncharitable Assets$30,872NetVlNoncharitableAssetsAmt
Minimum Investment Return$1,544MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$1,544MinimumInvestmentReturnAmt
Tax Based On Investment Income$18TaxBasedOnInvestmentIncomeAmt
Total Tax$18TotalTaxAmt
Distributable Before Adj$1,526DistributableBeforeAdjAmt
Distributable Before Ded$1,526DistributableBeforeDedAmt
Distributable As Adjusted$1,526DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$14,679ExpensesAndContributionsAmt
Qualifying Distributions$14,679QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$1,526DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$4,571ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$14,000ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$14,453ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$13,454ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$21,864ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$68,342TotalExcessDistributionCyovAmt
Qualifying Distributions$14,679QualifyingDistributionsAmt
Applied To Current Year$1,526AppliedToCurrentYearAmt
Remaining Distri From Corpus$13,153RemainingDistriFromCorpusAmt
Total Corpus$81,495TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$4,571ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$76,924ExcessDistriCyovToNextYrAmt
Excess From Year4$14,000ExcessFromYear4Amt
Excess From Year3$14,453ExcessFromYear3Amt
Excess From Year2$13,454ExcessFromYear2Amt
Excess From Year1$21,864ExcessFromYear1Amt
Excess From Current Year$13,153ExcessFromCurrentYearAmt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp

FieldValueIRS element (for citing)
Recipient PersonSEE ATTACHED LISTRecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line112 HALL STREETAddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11205ZIPCd
FieldValueIRS element (for citing)
Grant Or Contribution PurposeGENERAL FUND CHARITABLEGrantOrContributionPurposeTxt
Amt$14,679Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,679TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1,327RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Related Or Exempt Function Incm-$413RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$914RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$914TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
Amt$5,525Amt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES$7
OFFICE EXPENSES$5

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Revenue And Expenses Per Books-$413RevenueAndExpensesPerBooksAmt
Adjusted Net Income-$413AdjustedNetIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
Desc351 BOWERYDesc
BOY Book Value$6,700BOYBookValueAmt
EOY Book Value$7,113EOYBookValueAmt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp

Organization501c3 Name Organization501c3Name

FieldValueIRS element (for citing)
Business Name Line1RESERVE RECEIVABLEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Balance Due$3,090BalanceDueAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT OTHER PROFESSIONAL FEESCategoryTxt
Amt$500Amt

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