ROCHELLE AND JEFF SITT FAMILY FOUNDATION: Form 990PF, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
ROCHELLE AND JEFF SITT FAMILY FOUNDATION (EIN 34-1994510)
Tax period
2018-01-01 to 2018-12-31
Filed
2019-08-06
IRS object ID
201922189349100322
Schema version
2018v3.1
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)
Return2019-08-06T16:28:17-05:00ReturnTs
Tax Period End2018-12-31TaxPeriodEndDt

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 Begin2018-01-01TaxPeriodBeginDt

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
Signature2019-08-06SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL MILLER CPAPreparerPersonNm
PTINP00112583PTIN
Phone7187670737PhoneNum
Preparation2019-08-06PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address72.69.99.49IPv4AddressTxt
FieldValueIRS element (for citing)
IP2019-08-06IPDt
IP Tm16:28:17IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id8168414260388E8DC3634B18A448441B0FF7DF5BAtSubmissionCreationDeviceId
At Submission Filing Device Id152DC2FD849D9AD038E752A7499678D2A4D30240AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2019-02-21 02:37:17ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$73,319FMVAssetsEOYAmt
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$10DividendsRevAndExpnssAmt
Dividends Net Invst Incm$10DividendsNetInvstIncmAmt
Other Income Rev And Expnss-$2,736OtherIncomeRevAndExpnssAmt
Total Rev And Expnss-$2,726TotalRevAndExpnssAmt
Total Net Invst Incm$10TotalNetInvstIncmAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$45OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$95TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$4,855ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$4,855ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$4,950TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$4,855TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$7,676ExcessRevenueOverExpensesAmt
Net Investment Income$10NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$690SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$649SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$649SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers BOY$71,000RcvblFromOfficersBOYAmt
Rcvbl From Officers EOY$67,500RcvblFromOfficersEOYAmt
Rcvbl From Officers EOYFMV$67,500RcvblFromOfficersEOYFMVAmt
Other Investments BOY$9,305OtherInvestmentsBOYAmt
Other Investments EOY$5,170OtherInvestmentsEOYAmt
Other Investments EOYFMV$5,170OtherInvestmentsEOYFMVAmt
Total Assets BOY$80,995TotalAssetsBOYAmt
Total Assets EOY$73,319TotalAssetsEOYAmt
Total Assets EOYFMV$73,319TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$80,995RetainedEarningBOYAmt
Retained Earning EOY$73,319RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$80,995TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$73,319TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$80,995TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$73,319TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$80,995TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$7,676ExcessRevenueOverExpensesAmt
Subtotal$73,319SubtotalAmt
Tot Net Ast Or Fund Balances EOY$73,319TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$3,403AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$10,658NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.319291DistributionYr1Rt
Net Vl Noncharitable Assets Yr2$10,606NetVlNoncharitableAssetsYr2Amt
Net Vl Noncharitable Assets Yr3$11,676NetVlNoncharitableAssetsYr3Amt
Adjusted Qlfy Distri Yr4$1,800AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$13,231NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.136044DistributionYr4Rt
Adjusted Qlfy Distri Yr5$49,237AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$92,531NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.532114DistributionYr5Rt
Total Distribution0.987449TotalDistributionRt
Average Distribution0.329150AverageDistributionRt
Net Vl Noncharitable Assets$5,685NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$1,871AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$1,871AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$4,855QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Domestic Org Meeting Sect4940eYes (X)DomesticOrgMeetingSect4940eInd
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt

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 AddressN/AWebsiteAddressTxt

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 200BROOKLYNNY11205PRESIDENT2.00$0$0$0
CEILEE SITT
219 EAST 69TH STREET2DNEW YORKNY100215453VICE-PRES.1.00$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$602AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$5,170FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$5,772TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$5,772AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$87CashDeemedCharitableAmt
Net Vl Noncharitable Assets$5,685NetVlNoncharitableAssetsAmt
Minimum Investment Return$284MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$284MinimumInvestmentReturnAmt
Distributable Before Adj$284DistributableBeforeAdjAmt
Distributable Before Ded$284DistributableBeforeDedAmt
Distributable As Adjusted$284DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$4,855ExpensesAndContributionsAmt
Qualifying Distributions$4,855QualifyingDistributionsAmt
Adjusted Qualifying Distri$4,855AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$284DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$44,610ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$1,138ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr1$2,870ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$48,618TotalExcessDistributionCyovAmt
Qualifying Distributions$4,855QualifyingDistributionsAmt
Applied To Current Year$284AppliedToCurrentYearAmt
Remaining Distri From Corpus$4,571RemainingDistriFromCorpusAmt
Total Corpus$53,189TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$44,610ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$8,579ExcessDistriCyovToNextYrAmt
Excess From Year4$1,138ExcessFromYear4Amt
Excess From Year1$2,870ExcessFromYear1Amt
Excess From Current Year$4,571ExcessFromCurrentYearAmt

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$4,855Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$4,855TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$10RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Related Or Exempt Function Incm-$2,736RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$2,726RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$2,726TotalIncomeProducingActyAmt

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

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item351 BOWERY PARTNERS, LLCCategoryOrItemTxt
Book Value$5,170BookValueAmt
EOYFMV$5,170EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
EXPENSES
BANK CHARGES$45

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Revenue And Expenses Per Books-$2,736RevenueAndExpensesPerBooksAmt

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$67,500BalanceDueAmt
Note2009-09NoteDt
Repayment TermsCONTINUES TO PAY DOWNRepaymentTermsTxt
Interest0.0200InterestRt
Loan PurposeLOANLoanPurposeTxt
Consideration FMV$67,500ConsiderationFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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

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