ROCHELLE AND JEFF SITT FAMILY FOUNDATION: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
ROCHELLE AND JEFF SITT FAMILY FOUNDATION (EIN 34-1994510)
Tax period
2020-01-01 to 2020-12-31
Filed
2021-08-11
IRS object ID
202112239349100621
Schema version
2020v4.0
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)
Return2021-08-11T10:20:12-05:00ReturnTs
Tax Period End2020-12-31TaxPeriodEndDt

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 Begin2020-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN341994510EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JEFFREY & CEILEE SITT FAMILYBusinessNameLine1Txt
Business Name Line2FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlJEFFBusinessNameControlTxt
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
Signature2021-08-11SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJEFFREYPersonFirstNm
Person LastSITTPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL MILLER CPAPreparerPersonNm
PTINP00112583PTIN
Phone7187670737PhoneNum
Preparation2021-08-11PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$79,698FMVAssetsEOYAmt
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$73DividendsRevAndExpnssAmt
Dividends Net Invst Incm$73DividendsNetInvstIncmAmt
Dividends Adj Net Incm$73DividendsAdjNetIncmAmt
Other Income Rev And Expnss-$426OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm-$426OtherIncomeAdjNetIncmAmt
Total Rev And Expnss-$353TotalRevAndExpnssAmt
Total Net Invst Incm$73TotalNetInvstIncmAmt
Total Adj Net Incm-$353TotalAdjNetIncmAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$50TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$18,691ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$18,691ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$18,741TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$18,691TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$19,094ExcessRevenueOverExpensesAmt
Net Investment Income$73NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$29,777SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$11,108SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$11,108SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers BOY$65,500RcvblFromOfficersBOYAmt
Other Nts And Loans Rcvbl$68,590OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl BOY$3,090OtherNtsAndLoansRcvblBOYAmt
Other Nts And Loans Rcvbl EOY$68,590OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$68,590OtherNtsAndLoansRcvblEOYFMVAmt
Total Assets BOY$98,367TotalAssetsBOYAmt
Total Assets EOY$79,698TotalAssetsEOYAmt
Total Assets EOYFMV$79,698TotalAssetsEOYFMVAmt
Other Liabilities BOY$5,479OtherLiabilitiesBOYAmt
Other Liabilities EOY$5,905OtherLiabilitiesEOYAmt
Total Liabilities BOY$5,479TotalLiabilitiesBOYAmt
Total Liabilities EOY$5,905TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$92,888RetainedEarningBOYAmt
Retained Earning EOY$73,793RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$92,888TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$73,793TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$98,367TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$79,698TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$92,888TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$19,094ExcessRevenueOverExpensesAmt
Subtotal$73,794SubtotalAmt
Other Decreases$1OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$73,793TotNetAstOrFundBalancesEOYAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$1InvestmentIncomeExciseTaxAmt
Subtotal$1SubtotalAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Tax Due$1TaxDueAmt

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
CEILEE SITT
219 EAST 69TH STREET2DNEW YORKNY100215453VICE-PRES.000.00$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$17,484AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$68,590FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$86,074TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$86,074AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,291CashDeemedCharitableAmt
Net Vl Noncharitable Assets$84,783NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,239MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,239MinimumInvestmentReturnAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Total Tax$1TotalTaxAmt
Distributable Before Adj$4,238DistributableBeforeAdjAmt
Distributable Before Ded$4,238DistributableBeforeDedAmt
Distributable As Adjusted$4,238DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$18,691ExpensesAndContributionsAmt
Qualifying Distributions$18,691QualifyingDistributionsAmt
Adjusted Qualifying Distri$18,691AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,238DistributableAsAdjustedAmt
Excess Distribution Cyov Yr3$2,870ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$4,571ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$14,000ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$21,441TotalExcessDistributionCyovAmt
Qualifying Distributions$18,691QualifyingDistributionsAmt
Applied To Current Year$4,238AppliedToCurrentYearAmt
Remaining Distri From Corpus$14,453RemainingDistriFromCorpusAmt
Total Corpus$35,894TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$35,894ExcessDistriCyovToNextYrAmt
Excess From Year3$2,870ExcessFromYear3Amt
Excess From Year2$4,571ExcessFromYear2Amt
Excess From Year1$14,000ExcessFromYear1Amt
Excess From Current Year$14,453ExcessFromCurrentYearAmt

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$18,691Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$18,691TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$73RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Related Or Exempt Function Incm-$426RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$353RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$353TotalIncomeProducingActyAmt

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

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescFEDERAL TAX PAIDDesc
Amt$1Amt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Revenue And Expenses Per Books-$426RevenueAndExpensesPerBooksAmt
Adjusted Net Income-$426AdjustedNetIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
Desc351 BOWERYDesc
BOY Book Value$5,479BOYBookValueAmt
EOY Book Value$5,905EOYBookValueAmt

Other Notes Loans Rcvbl Short Sch2 OtherNotesLoansRcvblShortSch2

Other Notes Loans Rcvbl Short OtherNotesLoansRcvblShortGrp (2 entries)

Balance DueBalanceDueAmt
RESERVE RECEIVABLE
$3,090
DEPOSIT IN TRANSIT-LOAN PAYOFF
$65,500

Other Receivables Officers Sch OtherReceivablesOfficersSch

Officer Other Rcvbl OfficerOtherRcvblGrp

FieldValueIRS element (for citing)
Borrower PersonJEFFREY SITTBorrowerPersonNm
Borrower TitleFOUNDATION OFFICERBorrowerTitleTxt
Loan Original$50,000LoanOriginalAmt
Note2009-09NoteDt
Repayment TermsREPAID 8/2/21RepaymentTermsTxt
Interest0.0200InterestRt
Loan PurposeLOANLoanPurposeTxt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNYS DEPT. OF LAWCategoryTxt
Amt$50Amt

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