ROCHELLE AND JEFF SITT FAMILY FOUNDATION: Form 990PF, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
ROCHELLE AND JEFF SITT FAMILY FOUNDATION (EIN 34-1994510)
Tax period
2016-01-01 to 2016-12-31
Filed
2017-10-24
IRS object ID
201712979349100711
Schema version
2016v3.0
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)
Return2017-10-24T15:48:15-04:00ReturnTs
Tax Period End2016-12-31TaxPeriodEndDt

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 Begin2016-01-01TaxPeriodBeginDt

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 Line120 JAY STREET RM/STE 902AddressLine1Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11201ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEFFREY SITTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9176085702PhoneNum
Signature2017-10-24SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL MILLER CPAPreparerPersonNm
PTINP00112583PTIN
Phone7187670737PhoneNum
Preparation2017-10-24PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device Id8168414260388E8DC3634B18A448441B0FF7DF5BAtSubmissionCreationDeviceId
At Submission Filing Device Id8168414260388E8DC3634B18A448441B0FF7DF5BAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$85,090FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Other Income Rev And Expnss$2,785OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$2,785TotalRevAndExpnssAmt
Total Net Invst Incm$0TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$4,500AccountingFeesRevAndExpnssAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Other Expenses Rev And Expnss$5OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,555TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$4,555TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$1,770ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,187SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$808SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$808SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers BOY$75,000RcvblFromOfficersBOYAmt
Rcvbl From Officers EOY$75,000RcvblFromOfficersEOYAmt
Rcvbl From Officers EOYFMV$75,000RcvblFromOfficersEOYFMVAmt
Other Investments BOY$10,673OtherInvestmentsBOYAmt
Other Investments EOY$9,282OtherInvestmentsEOYAmt
Other Investments EOYFMV$9,282OtherInvestmentsEOYFMVAmt
Total Assets BOY$86,860TotalAssetsBOYAmt
Total Assets EOY$85,090TotalAssetsEOYAmt
Total Assets EOYFMV$85,090TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$86,860RetainedEarningBOYAmt
Retained Earning EOY$85,090RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$86,860TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$85,090TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$86,860TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$85,090TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$86,860TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$1,770ExcessRevenueOverExpensesAmt
Subtotal$85,090SubtotalAmt
Tot Net Ast Or Fund Balances EOY$85,090TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Net Vl Noncharitable Assets Yr1$11,676NetVlNoncharitableAssetsYr1Amt
Adjusted Qlfy Distri Yr2$1,800AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$13,231NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.136044DistributionYr2Rt
Adjusted Qlfy Distri Yr3$49,237AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$92,531NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.532114DistributionYr3Rt
Adjusted Qlfy Distri Yr4$23,738AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$92,624NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.256283DistributionYr4Rt
Adjusted Qlfy Distri Yr5$31,066AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$94,625NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.328306DistributionYr5Rt
Total Distribution1.252747TotalDistributionRt
Average Distribution0.313187AverageDistributionRt
Net Vl Noncharitable Assets$10,606NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$3,322AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$3,322AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
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 Line120 JAY STREETAddressLine1Txt
Address Line2SUITE 902AddressLine2Txt
CityBROOKLYNCityNm
State AbbreviationNYStateAbbreviationCd
ZIP11201ZIPCd
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

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
20 JAY STREETSUITE 902BROOKLYNNY11201PRESIDENT1.00$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$1,487AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$9,281FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$10,768TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$10,768AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$162CashDeemedCharitableAmt
Net Vl Noncharitable Assets$10,606NetVlNoncharitableAssetsAmt
Minimum Investment Return$530MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$530MinimumInvestmentReturnAmt
Distributable Before Adj$530DistributableBeforeAdjAmt
Distributable Before Ded$530DistributableBeforeDedAmt
Distributable As Adjusted$530DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt
Qualifying Distributions$0QualifyingDistributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$530DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$26,335ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$19,115ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$44,610ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$1,138ExcessDistributionCyovYr2Amt
Total Excess Distribution Cyov$91,198TotalExcessDistributionCyovAmt
Excess Distri Cyov App CY Corpus$530ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$530ExcessDistributionCyovAppCYAmt
Total Corpus$90,668TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$25,805ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$64,863ExcessDistriCyovToNextYrAmt
Excess From Year4$19,115ExcessFromYear4Amt
Excess From Year3$44,610ExcessFromYear3Amt
Excess From Year2$1,138ExcessFromYear2Amt

Supplementary Information SupplementaryInformationGrp

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

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Related Or Exempt Function Incm$2,785RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$2,785RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$2,785TotalIncomeProducingActyAmt

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$4,500Amt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item351 BOWERY PARTNERS, LLCCategoryOrItemTxt
Book Value$9,282BookValueAmt
EOYFMV$9,282EOYFMVAmt

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$2,785RevenueAndExpensesPerBooksAmt

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$75,000BalanceDueAmt
Note2009-09NoteDt
Repayment TermsWILL PAYDOWN IN 2017RepaymentTermsTxt
Interest0.0200InterestRt
Loan PurposeLOANLoanPurposeTxt
Consideration FMV$75,000ConsiderationFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

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

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