JOSEPH JACK SITT 1986 CHARITABLE TR: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization: JOSEPH JACK SITT 1986 CHARITABLE TR (EIN 13-3406764)
Tax period: 2024-01-01 to 2024-12-31
Filed: 2025-11-11
IRS object ID: 202533159349102508
Schema version: 2024v5.2
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
Form 990-PF
Schedule B
Depreciation Schedule
Distribution From Corpus Election
Investments Corp Stock Schedule
Investments Other Schedule2
Other Expenses Schedule
Other Increases Schedule
Other Professional Fees Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Return	2025-11-11T15:10:37-06:00	ReturnTs
Tax Period End	2024-12-31	TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Field	Value	IRS element (for citing)
Business Name Line1	FTI Consulting Inc	BusinessNameLine1Txt

Preparer US Address PreparerUSAddress

Field	Value	IRS element (for citing)
Address Line1	1166 AVENUE OF THE AMERICAS 15 FL	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10036	ZIPCd

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnTypeCd
Tax Period Begin	2024-01-01	TaxPeriodBeginDt

Filer Filer

Field	Value	IRS element (for citing)
EIN	133406764	EIN

Business Name BusinessName

Field	Value	IRS element (for citing)
Business Name Line1	Joseph Jack Sitt 1986 - Charitable Trust	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
In Care Of	% TAXPAYER	InCareOfNm
Business Name Control	JOSE	BusinessNameControlTxt
Phone	2125295055	PhoneNum

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	25 West 39th Street - 11th Floor	AddressLine1Txt
City	New York	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10018	ZIPCd

Business Officer BusinessOfficerGrp

Field	Value	IRS element (for citing)
Person	Joseph Sitt	PersonNm
Person Title	Trustee	PersonTitleTxt
Phone	2125295055	PhoneNum
Signature	2025-11-11	SignatureDt
Discuss With Paid Preparer	Yes (true)	DiscussWithPaidPreparerInd

Field	Value	IRS element (for citing)
IRS Responsible Prty Info Curr	Yes (true)	IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

Field	Value	IRS element (for citing)
Preparer Person	Shan Huang Lin	PreparerPersonNm
PTIN	P00649122	PTIN
Phone	2122471010	PhoneNum

Field	Value	IRS element (for citing)
Tax	2024	TaxYr
Build TS	2025-03-06 01:10:19Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
FMV Assets EOY	$8,209,984	FMVAssetsEOYAmt
Method Of Accounting Cash	Yes (X)	MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Rcvd Rev And Expnss	$1,809,030	ContriRcvdRevAndExpnssAmt
Interest On Sav Rev And Expnss	$997	InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm	$997	InterestOnSavNetInvstIncmAmt
Dividends Rev And Expnss	$3,238	DividendsRevAndExpnssAmt
Dividends Net Invst Incm	$3,238	DividendsNetInvstIncmAmt
Net Gain Sale Ast Rev And Expnss	-$121,852	NetGainSaleAstRevAndExpnssAmt
Gross Sales Price	$2,617,921	GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm	$0	CapGainNetIncmNetInvstIncmAmt
Total Rev And Expnss	$1,691,413	TotalRevAndExpnssAmt
Total Net Invst Incm	$4,235	TotalNetInvstIncmAmt
Comp Ofcr Dir Trst Rev And Expnss	$0	CompOfcrDirTrstRevAndExpnssAmt
Other Prof Fees Rev And Expnss	$14,849	OtherProfFeesRevAndExpnssAmt
Other Prof Fees Dsbrs Chrtbl	$14,849	OtherProfFeesDsbrsChrtblAmt
Other Expenses Rev And Expnss	$384	OtherExpensesRevAndExpnssAmt
Other Expenses Dsbrs Chrtbl	$384	OtherExpensesDsbrsChrtblAmt
Tot Opr Expenses Rev And Expnss	$15,233	TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm	$0	TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl	$15,233	TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss	$138,265	ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl	$138,265	ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss	$153,498	TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm	$0	TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl	$153,498	TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses	$1,537,915	ExcessRevenueOverExpensesAmt
Net Investment Income	$4,235	NetInvestmentIncomeAmt
Adjusted Net Income	$0	AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Field	Value	IRS element (for citing)
Sav And Temp Cash Invst BOY	$19,501	SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY	$85,808	SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV	$85,808	SavAndTempCashInvstEOYFMVAmt
Corporate Stock BOY	$926,656	CorporateStockBOYAmt
Corporate Stock EOY	$2,401,414	CorporateStockEOYAmt
Corporate Stock EOYFMV	$2,012,979	CorporateStockEOYFMVAmt
Other Investments BOY	$6,114,097	OtherInvestmentsBOYAmt
Other Investments EOY	$6,111,197	OtherInvestmentsEOYAmt
Other Investments EOYFMV	$6,111,197	OtherInvestmentsEOYFMVAmt
Total Assets BOY	$7,060,254	TotalAssetsBOYAmt
Total Assets EOY	$8,598,419	TotalAssetsEOYAmt
Total Assets EOYFMV	$8,209,984	TotalAssetsEOYFMVAmt
Total Liabilities BOY	$0	TotalLiabilitiesBOYAmt
Total Liabilities EOY	$0	TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117	Yes (X)	OrgDoesNotFollowFASB117Ind
Retained Earning BOY	$7,060,254	RetainedEarningBOYAmt
Retained Earning EOY	$8,598,419	RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY	$7,060,254	TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY	$8,598,419	TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY	$7,060,254	TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY	$8,598,419	TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Field	Value	IRS element (for citing)
Tot Net Ast Or Fund Balances BOY	$7,060,254	TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses	$1,537,915	ExcessRevenueOverExpensesAmt
Other Increases	$250	OtherIncreasesAmt
Subtotal	$8,598,419	SubtotalAmt
Tot Net Ast Or Fund Balances EOY	$8,598,419	TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

PropertyPropertyDesc	How AcquiredHowAcquiredCd	AcquiredAcquiredDt	SoldSoldDt	Gross Sales PriceGrossSalesPriceAmt	Cost Or Other BasisCostOrOtherBasisAmt	Gain Or LossGainOrLossAmt	Gains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
SUMMARY OF VARIOUS STOCK TRANSACATIONS	P	2024-01-01	2024-12-31	$1,941,819	$1,956,383	-$7,849	-$14,564
SUMMARY OF VARIOUS STOCK TRANSACATIONS	P	2023-02-10	2024-12-31	$676,102	$805,932	-$114,003	-$129,830

Field	Value	IRS element (for citing)
Capital Gain Net Income	-$121,852	CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Field	Value	IRS element (for citing)
Investment Income Excise Tax	$59	InvestmentIncomeExciseTaxAmt
Subtotal	$59	SubtotalAmt
Tax Based On Investment Income	$59	TaxBasedOnInvestmentIncomeAmt
Estimated Plus Ovpmt Incm Tx	$364	EstimatedPlusOvpmtIncmTxAmt
Exempt Frgn Org Tax Wthld At Srce	$0	ExemptFrgnOrgTaxWthldAtSrceAmt
Total Payments And Credits	$364	TotalPaymentsAndCreditsAmt
Overpayment	$305	OverpaymentAmt
Applied To ES Tax	$305	AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

Field	Value	IRS element (for citing)
Legislative Political Acty	false	LegislativePoliticalActyInd
More Than100 Spent	false	MoreThan100SpentInd
Form1120 POL Filed	false	Form1120POLFiledInd
Activities Not Previously Rpt	false	ActivitiesNotPreviouslyRptInd
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over Limit	false	UnrelatedBusIncmOverLimitInd
Organization Dissolved Etc	false	OrganizationDissolvedEtcInd
Section508e Rqr Satisfied	Yes (true)	Section508eRqrSatisfiedInd
At Least5000 In Assets	Yes (true)	AtLeast5000InAssetsInd
Org Report Or Register State	NY	OrgReportOrRegisterStateCd
Form990 PF Filed With Atty Gen	Yes (true)	Form990PFFiledWithAttyGenInd
Private Operating Foundation	false	PrivateOperatingFoundationInd
New Substantial Contributors	false	NewSubstantialContributorsInd
Own Controlled Entity	false	OwnControlledEntityInd
Donor Advised Fund	false	DonorAdvisedFundInd
Comply With Public Insp Rqr	Yes (true)	ComplyWithPublicInspRqrInd
Website Address	N/A	WebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

Field	Value	IRS element (for citing)
Business Name Line1	TAXPAYER	BusinessNameLine1Txt

Field	Value	IRS element (for citing)
Phone	2125295055	PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

Field	Value	IRS element (for citing)
Address Line1	25 WEST 39TH STREET - 11TH FLOOR	AddressLine1Txt
City	NEW YORK	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10018	ZIPCd

Field	Value	IRS element (for citing)
Foreign Accounts Question	false	ForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Field	Value	IRS element (for citing)
Sale Or Exch Disqualified Prsn	false	SaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified Prsn	false	BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified Prsn	false	FurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified Prsn	false	PayCompDisqualifiedPrsnInd
Transfer Ast Disqualified Prsn	false	TransferAstDisqualifiedPrsnInd
Payment To Government Official	false	PaymentToGovernmentOfficialInd
Uncorrected Prior Acts	false	UncorrectedPriorActsInd
Undistributed Income PY	false	UndistributedIncomePYInd
Undistr Incm Sect4942a2 Not App	false	UndistrIncmSect4942a2NotAppInd
Business Holdings	false	BusinessHoldingsInd
Jeopardy Investments	false	JeopardyInvestmentsInd
Uncorrected PY Jeopardy Invst	false	UncorrectedPYJeopardyInvstInd
Influence Legislation	false	InfluenceLegislationInd
Influence Election	false	InfluenceElectionInd
Grants To Individuals	false	GrantsToIndividualsInd
Grants To Organizations	false	GrantsToOrganizationsInd
Noncharitable Purpose	false	NoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft Cntrct	false	RcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft Cntrct	false	PayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht Pymt	false	SubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

Field	Value	IRS element (for citing)
Person	Joseph J Sitt	PersonNm

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	25 West 39th Street - 11th Floor	AddressLine1Txt
City	New York	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	10018	ZIPCd

Field	Value	IRS element (for citing)
Title	Trustee	TitleTxt
Average Hrs Per Wk Devoted To Pos	0	AverageHrsPerWkDevotedToPosRt
Compensation	$0	CompensationAmt
Employee Benefit Program	$0	EmployeeBenefitProgramAmt
Expense Account Other Allwnc	$0	ExpenseAccountOtherAllwncAmt

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Field	Value	IRS element (for citing)
Description1	N/A	Description1Txt

Field	Value	IRS element (for citing)
Sum Of Program Related Invst		SumOfProgramRelatedInvstGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Field	Value	IRS element (for citing)
Average Monthly FMV Of Sec	$1,544,368	AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances	$97,991	AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast	$6,111,197	FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets	$7,753,556	TotalFMVOfUnusedAssetsAmt
Acquisition Indebtedness	$0	AcquisitionIndebtednessAmt
Adjusted Total FMV Of Unused Ast	$7,753,556	AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable	$116,303	CashDeemedCharitableAmt
Net Vl Noncharitable Assets	$7,637,253	NetVlNoncharitableAssetsAmt
Minimum Investment Return	$381,863	MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

Field	Value	IRS element (for citing)
Minimum Investment Return	$381,863	MinimumInvestmentReturnAmt
Tax Based On Investment Income	$59	TaxBasedOnInvestmentIncomeAmt
Total Tax	$59	TotalTaxAmt
Distributable Before Adj	$381,804	DistributableBeforeAdjAmt
Distributable Before Ded	$381,804	DistributableBeforeDedAmt
Distributable As Adjusted	$381,804	DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

Field	Value	IRS element (for citing)
Expenses And Contributions	$153,498	ExpensesAndContributionsAmt
Program Related Invst Total	$0	ProgramRelatedInvstTotalAmt
Charitable Assets Acquis Paid	$0	CharitableAssetsAcquisPaidAmt
Set Aside Suitability Test	$0	SetAsideSuitabilityTestAmt
Set Aside Cash Distri Test	$0	SetAsideCashDistriTestAmt
Qualifying Distributions	$153,498	QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

Field	Value	IRS element (for citing)
Distributable As Adjusted	$381,804	DistributableAsAdjustedAmt
Undistributed Income PY	$0	UndistributedIncomePYAmt
Prior Year1	2022	PriorYear1Yr
Prior Year2	2021	PriorYear2Yr
Prior Year3	2020	PriorYear3Yr
Total For Prior Years	$0	TotalForPriorYearsAmt
Excess Distribution Cyov Yr5	$9,186	ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4	$184,221	ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3	$271,510	ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2	$132,137	ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1	$137,178	ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov	$734,232	TotalExcessDistributionCyovAmt
Qualifying Distributions	$153,498	QualifyingDistributionsAmt
Applied To Year1	$0	AppliedToYear1Amt
Treated As Distri From Corpus	$153,498	TreatedAsDistriFromCorpusAmt
Remaining Distri From Corpus	$0	RemainingDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus	$381,804	ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY	$381,804	ExcessDistributionCyovAppCYAmt
Total Corpus	$505,926	TotalCorpusAmt
Prior Year Undistributed Incm	$0	PriorYearUndistributedIncmAmt
Taxable1	$0	Taxable1Amt
Taxable2	$0	Taxable2Amt
Undistributed Income CY	$0	UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr	$505,926	ExcessDistriCyovToNextYrAmt
Excess From Year3	$83,113	ExcessFromYear3Amt
Excess From Year2	$132,137	ExcessFromYear2Amt
Excess From Year1	$137,178	ExcessFromYear1Amt
Excess From Current Year	$153,498	ExcessFromCurrentYearAmt

Field	Value	IRS element (for citing)
Private Operating Foundations		PrivateOperatingFoundationsGrp

Supplementary Information SupplementaryInformationGrp

Field	Value	IRS element (for citing)
Contributing Manager	JOSEPH J SITT	ContributingManagerNm
Only Contri To Preselected	Yes (X)	OnlyContriToPreselectedInd

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)

Address Line1RecipientUSAddress/AddressLine1Txt	CityRecipientUSAddress/CityNm	State AbbreviationRecipientUSAddress/StateAbbreviationCd	ZIPRecipientUSAddress/ZIPCd	Recipient RelationshipRecipientRelationshipTxt	Recipient Foundation StatusRecipientFoundationStatusTxt	Grant Or Contribution PurposeGrantOrContributionPurposeTxt	AmtAmt	Address Line2RecipientUSAddress/AddressLine2Txt	Address Line1RecipientForeignAddress/AddressLine1Txt	CityRecipientForeignAddress/CityNm	CountryRecipientForeignAddress/CountryCd	Foreign PostalRecipientForeignAddress/ForeignPostalCd
Renewal Of Life
4721 New Utrecht Avenue	Brooklyn	NY	11219	None	PC	Unrestricted	$5,300
Albert Missry Foundation
One Dag Hammarskjld Plaza	New York	NY	10017	None	Public Charity	Unrestricted	$2,000	885 2nd Ave 47th Fl
Total Donations Less Than 1000
Various	Various	NY	11223	NONE	PC	Unrestricted.	$14,795
Ohr Joseph Institutions
320 5th Avenue	New York	NY	10018	NONE	PC	Unrestricted	$1,000	Suite 705
Tiferet Shaul
1747 East 2nd Street	Brooklyn	NY	11223	NONE	PC	Unrestricted	$1,200
Sephardic Community Center
1901 Ocean Parkway	Brooklyn	NY	11223	NONE	PC	Unrestricted	$26,570
Lung Cancer Research Foundation
501 7th Avenue Suite 230	New York	NY	10018	NONE	PC	Unrestricted	$3,600
Yeshiva of Flatbush
975A East 13th Street	Brooklyn	NY	11230	NONE	PC	Unrestricted	$4,300
Bobbies Place
1472 East 17th Street	Brooklyn	NY	11230	NONE	PC	Unrestricted	$1,500
Currier Museum Of Art
201 Myrtle Way	Manchester	NH	031044304	NONE	PC	Unrestricted	$60,000
Deal Policeman's Benevolent Association
PO BOX 308	Deal	NJ	07723	NONE	PC	Unrestricted	$2,000
Mirrer Yeshiva Central Institute
1791-5 Ocean Parkway	Brooklyn	NY	11223	NONE	PC	Unrestricted	$1,000
Sephardic Community Alliance
1953 East 24th Street	Brooklyn	NY	11229		PC	Unrestricted	$3,600
Chabad Of S Barth
					PC	Unrestricted	$1,800		27 Rue du Roi Oscar II	Gustavia	TB	97133
Rohr Chabad GW
2522 I St NW	Washington	DC	20037		PC	Unrestricted	$1,000
Mitzvah Man Foundation Corp
2618 avenue M	Brooklyn	NY	11210		PC	Unrestricted	$2,000
Shaarei Chesed Of Los Angeles
352 North Detroit Street	Los Angeles	CA	90036		PC	Unrestricted	$1,800
WIZO
950 Third Avenue 2803	New York	NY	10022		PC	Unrestricted	$1,800
Save A Farm
12221 Metropolitan Avenue	Kew Gardens	NY	11415		PC	Unrestricted	$1,000
Yeshiva Gedolah Bais Yisroel
4 Solond Road	Monsey	NY	109521909		PC	Unrestricted	$1,000
Mekudeshet
1101 East 7th Street	Brooklyn	NY	11230		PC	Unrestricted	$1,000

Field	Value	IRS element (for citing)
Total Grant Or Contri Pd Dur Yr	$138,265	TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Field	Value	IRS element (for citing)
Fees Contracts From Govt Ag		FeesContractsFromGovtAgGrp
Membership Dues And Assmnt		MembershipDuesAndAssmntGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$997	ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Field	Value	IRS element (for citing)
Exclusion	14	ExclusionCd
Exclusion	$3,238	ExclusionAmt

Field	Value	IRS element (for citing)
Net Rntl Incm Re Debt Fincd Prop		NetRntlIncmReDebtFincdPropGrp
Net Rntl Incm Re Not Debt Fincd Prop		NetRntlIncmReNotDebtFincdProp
Net Rental Income Personal Prop		NetRentalIncomePersonalPropGrp
Other Investment Income		OtherInvestmentIncomeGrp

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Field	Value	IRS element (for citing)
Exclusion	18	ExclusionCd
Exclusion	-$121,852	ExclusionAmt

Field	Value	IRS element (for citing)
Net Income Loss From Special Evt		NetIncomeLossFromSpecialEvtGrp
Gross Profit Loss Sls Of Invntry		GrossProfitLossSlsOfInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Field	Value	IRS element (for citing)
Exclusion	-$117,617	ExclusionAmt

Field	Value	IRS element (for citing)
Total Income Producing Acty	-$117,617	TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EO	false	TrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EO	false	TrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EO	false	PurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth Assets	false	RentalOfFacilitiesOthAssetsInd
Reimbursement Arrangements	false	ReimbursementArrangementsInd
Loans Or Loan Guarantees	false	LoansOrLoanGuaranteesInd
Performance Of Services Etc	false	PerformanceOfServicesEtcInd
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtcInd
Relationships Nonchrtbl EO	false	RelationshipsNonchrtblEOInd

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	Yes (X)	Organization501c3ExemptPFInd
General Rule	Yes (X)	GeneralRuleInd

Contributor Information ContributorInformationGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Contributor Person	Joseph J Sitt	ContributorPersonNm

Contributor US Address ContributorUSAddress

Field	Value	IRS element (for citing)
Address Line1	449 AVENUE T	AddressLine1Txt
City	BROOKLYN	CityNm
State Abbreviation	NY	StateAbbreviationCd
ZIP	11223	ZIPCd

Field	Value	IRS element (for citing)
Total Contributions	$1,809,030	TotalContributionsAmt
Noncash Contribution	Yes (X)	NoncashContributionInd

Non Cash Property Contribution NonCashPropertyContributionGrp

Field	Value	IRS element (for citing)
Contributor	1	ContributorNum
Noncash Property	33334 Shares of Electreon Wireless LTD	NoncashPropertyDesc
Fair Market Value	$1,809,030	FairMarketValueAmt
Received	2024-05-09	ReceivedDt

Depreciation Schedule DepreciationSchedule

Distribution From Corpus Election DistributionFromCorpusElection

Field	Value	IRS element (for citing)
Election	Pursuant to IRC Section 4942(h)(2) and Reg. 53-4942(a), the above referenced foundation hereby elects to treat the current year qualifying distributions in excess of the immediately proceeding tax year's undistributed income as being made out of the corpus.	ElectionDesc

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Field	Value	IRS element (for citing)
Stock	CORPORATE STOCK	StockNm
EOY Book Value	$2,401,414	EOYBookValueAmt
EOYFMV	$2,012,979	EOYFMVAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Field	Value	IRS element (for citing)
Category Or Item	99% INTEREST IN THOR UPF I LLC	CategoryOrItemTxt
Listed At Cost Or FMV	AT COST	ListedAtCostOrFMVCd
Book Value	$6,111,197	BookValueAmt
EOYFMV	$6,111,197	EOYFMVAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDesc	Revenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt	Disbursements Charitable PrpsDisbursementsCharitablePrpsAmt
BANK FEES	$88	$88
MISC EXPENSE	$296	$296

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Field	Value	IRS element (for citing)
Desc	PY CONTRIBUTIONS NEVER DEPOSITED	Desc
Amt	$250	Amt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

Field	Value	IRS element (for citing)
Category	PROFESSIONAL FEES	CategoryTxt
Amt	$14,849	Amt
Disbursements Charitable Prps	$14,849	DisbursementsCharitablePrpsAmt

JOSEPH JACK SITT 1986 CHARITABLE TR: Form 990PF, tax year 2024

Return header ReturnHeader

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

Preparer US Address PreparerUSAddress

Filer Filer

Business Name BusinessName

US Address USAddress

Business Officer BusinessOfficerGrp

Preparer Person PreparerPersonGrp

Form 990-PF IRS990PF

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (2 entries)

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

Statements Regarding Acty StatementsRegardingActyGrp

Persons With Books Name PersonsWithBooksName

Location Of Books US Address LocationOfBooksUSAddress

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp

US Address USAddress

Summary Of Direct Chrtbl Acty SummaryOfDirectChrtblActyGrp

Minimum Investment Return MinimumInvestmentReturnGrp

Distributable Amount DistributableAmountGrp

PF Qualifying Distributions PFQualifyingDistributionsGrp

Undistributed Income UndistributedIncomeGrp

Supplementary Information SupplementaryInformationGrp

Grant Or Contribution Pd Dur Yr GrantOrContributionPdDurYrGrp (21 entries)

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

Contributor US Address ContributorUSAddress

Non Cash Property Contribution NonCashPropertyContributionGrp

Depreciation Schedule DepreciationSchedule

Distribution From Corpus Election DistributionFromCorpusElection

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

Other Increases Schedule OtherIncreasesSchedule

Other Increases Detail OtherIncreasesDetail

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

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