ROCHELLE AND JEFF SITT FAMILY FOUNDATION: Form 990PF, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
ROCHELLE AND JEFF SITT FAMILY FOUNDATION (EIN 34-1994510)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-05-15
IRS object ID
202021369349100202
Schema version
2019v5.0
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)
Return2020-05-15T07:34:38-05:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

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 Begin2019-01-01TaxPeriodBeginDt

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
Signature2020-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL MILLER CPAPreparerPersonNm
PTINP00112583PTIN
Phone7187670737PhoneNum
Preparation2020-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$98,367FMVAssetsEOYAmt
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$56DividendsRevAndExpnssAmt
Dividends Net Invst Incm$56DividendsNetInvstIncmAmt
Dividends Adj Net Incm$56DividendsAdjNetIncmAmt
Other Income Rev And Expnss$41,587OtherIncomeRevAndExpnssAmt
Other Income Adj Net Incm$41,587OtherIncomeAdjNetIncmAmt
Total Rev And Expnss$41,643TotalRevAndExpnssAmt
Total Net Invst Incm$56TotalNetInvstIncmAmt
Total Adj Net Incm$41,643TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$7,713AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$5OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$7,768TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$14,306ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$14,306ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$22,074TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$14,306TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$19,569ExcessRevenueOverExpensesAmt
Net Investment Income$56NetInvestmentIncomeAmt
Adjusted Net Income$41,643AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$649SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$29,777SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$29,777SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers BOY$67,500RcvblFromOfficersBOYAmt
Rcvbl From Officers EOY$65,500RcvblFromOfficersEOYAmt
Rcvbl From Officers EOYFMV$65,500RcvblFromOfficersEOYFMVAmt
Other Nts And Loans Rcvbl$3,090OtherNtsAndLoansRcvblAmt
Other Nts And Loans Rcvbl EOY$3,090OtherNtsAndLoansRcvblEOYAmt
Other Nts And Loans Rcvbl EOYFMV$3,090OtherNtsAndLoansRcvblEOYFMVAmt
Other Investments BOY$5,170OtherInvestmentsBOYAmt
Total Assets BOY$73,319TotalAssetsBOYAmt
Total Assets EOY$98,367TotalAssetsEOYAmt
Total Assets EOYFMV$98,367TotalAssetsEOYFMVAmt
Other Liabilities EOY$5,479OtherLiabilitiesEOYAmt
Total Liabilities EOY$5,479TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Retained Earning BOY$73,319RetainedEarningBOYAmt
Retained Earning EOY$92,888RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$73,319TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$92,888TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$73,319TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$98,367TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$73,319TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$19,569ExcessRevenueOverExpensesAmt
Subtotal$92,888SubtotalAmt
Tot Net Ast Or Fund Balances EOY$92,888TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$4,855AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$5,685NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.854002DistributionYr1Rt
Adjusted Qlfy Distri Yr2$3,403AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$10,658NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.319291DistributionYr2Rt
Net Vl Noncharitable Assets Yr3$10,606NetVlNoncharitableAssetsYr3Amt
Net Vl Noncharitable Assets Yr4$11,676NetVlNoncharitableAssetsYr4Amt
Adjusted Qlfy Distri Yr5$1,800AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$13,231NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.136044DistributionYr5Rt
Total Distribution1.309337TotalDistributionRt
Average Distribution0.436446AverageDistributionRt
Net Vl Noncharitable Assets$6,138NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$2,679AdjNetVlNoncharitableAssetsAmt
Net Investment Income Pct$1NetInvestmentIncomePctAmt
Adj Nonchrtbl Net Invst Incm Pct$2,680AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$14,306QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
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 200BROOKLYNNY11205PRESIDENT000.00$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$3,141AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$3,090FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$6,231TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$6,231AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$93CashDeemedCharitableAmt
Net Vl Noncharitable Assets$6,138NetVlNoncharitableAssetsAmt
Minimum Investment Return$307MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$307MinimumInvestmentReturnAmt
Tax Based On Investment Income$1TaxBasedOnInvestmentIncomeAmt
Total Tax$1TotalTaxAmt
Distributable Before Adj$306DistributableBeforeAdjAmt
Distributable Before Ded$306DistributableBeforeDedAmt
Distributable As Adjusted$306DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$14,306ExpensesAndContributionsAmt
Qualifying Distributions$14,306QualifyingDistributionsAmt
Pct Sect4940e Org Net Invst Incm$1PctSect4940eOrgNetInvstIncmAmt
Adjusted Qualifying Distri$14,305AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$306DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,138ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr2$2,870ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$4,571ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$8,579TotalExcessDistributionCyovAmt
Qualifying Distributions$14,306QualifyingDistributionsAmt
Applied To Current Year$306AppliedToCurrentYearAmt
Remaining Distri From Corpus$14,000RemainingDistriFromCorpusAmt
Total Corpus$22,579TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$1,138ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$21,441ExcessDistriCyovToNextYrAmt
Excess From Year2$2,870ExcessFromYear2Amt
Excess From Year1$4,571ExcessFromYear1Amt
Excess From Current Year$14,000ExcessFromCurrentYearAmt

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$14,306Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$14,306TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$56RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Related Or Exempt Function Incm$41,587RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$41,643RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$41,643TotalIncomeProducingActyAmt

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)
CategoryACCOUNTINGCategoryTxt
Amt$7,713Amt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item351 BOWERY PARTNERS, LLCCategoryOrItemTxt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES$5

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Revenue And Expenses Per Books$41,587RevenueAndExpensesPerBooksAmt
Adjusted Net Income$41,587AdjustedNetIncomeAmt

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

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

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 Receivables Officers Sch OtherReceivablesOfficersSch

Officer Other Rcvbl OfficerOtherRcvblGrp

FieldValueIRS element (for citing)
Borrower PersonVINEGAR HILL HOLDING COMPANY LLCBorrowerPersonNm
Borrower TitleMANAGING MEMBERBorrowerTitleTxt
Loan Original$50,000LoanOriginalAmt
Balance Due$65,500BalanceDueAmt
Note2009-09NoteDt
Repayment TermsCONTINUES TO PAY DOWNRepaymentTermsTxt
Interest0.0200InterestRt
Loan PurposeLOANLoanPurposeTxt
Consideration FMV$65,500ConsiderationFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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

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