ROCHELLE AND JEFF SITT FAMILY FOUNDATION: Form 990PF, tax year 2013

View the entire original 990 at ProPublica ↗

Organization
ROCHELLE AND JEFF SITT FAMILY FOUNDATION (EIN 34-1994510)
Tax period
2013-01-01 to 2013-12-31
Filed
2014-05-12
IRS object ID
201401329349102235
Schema version
2013v3.1
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)
Return2014-05-12T13:57:51-05:00ReturnTs
Tax Period End2013-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1MILLER & COMPANY LLPBusinessNameLine1

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11204 149TH STAddressLine1
CityWHITESTONECity
StateNYState
ZIP Code113571742ZIPCode
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2013-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN341994510EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1JEFFREY & CEILEE SITT FAMILYBusinessNameLine1
Business Name Line2FOUNDATIONBusinessNameLine2
FieldValueIRS element (for citing)
Business Name ControlJEFFBusinessNameControlTxt
Phone9176085702PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line120 JAY STREETAddressLine1
Address Line2ROOM/SUITE 902AddressLine2
CityBROOKLYNCity
StateNYState
ZIP Code11201ZIPCode

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJEFFREY SITTPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone9176085702PhoneNum
Signature2014-05-12SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPAUL MILLER CPAPreparerPersonNm
PTINP00112583PTIN
Phone7187670737PhoneNum
Preparation2014-05-12PreparationDt
FieldValueIRS element (for citing)
Tax2013TaxYr
Build TS2015-12-30 17:16:21ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$77,908FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$26,000ContriRcvdRevAndExpnssAmt
Dividends Rev And Expnss$1DividendsRevAndExpnssAmt
Dividends Net Invst Incm$1DividendsNetInvstIncmAmt
Other Income Rev And Expnss$136OtherIncomeRevAndExpnssAmt
Total Rev And Expnss$26,137TotalRevAndExpnssAmt
Total Net Invst Incm$1TotalNetInvstIncmAmt
Accounting Fees Rev And Expnss$2,654AccountingFeesRevAndExpnssAmt
Other Prof Fees Rev And Expnss$1,650OtherProfFeesRevAndExpnssAmt
Taxes Rev And Expnss$50TaxesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$4,354TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$49,237ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$49,237ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$53,591TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$49,237TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$27,454ExcessRevenueOverExpensesAmt
Net Investment Income$1NetInvestmentIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Sav And Temp Cash Invst BOY$1,850SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$2,908SavAndTempCashInvstEOYAmt
Sav And Temp Cash Invst EOYFMV$2,908SavAndTempCashInvstEOYFMVAmt
Rcvbl From Officers BOY$75,000RcvblFromOfficersBOYAmt
Rcvbl From Officers EOY$75,000RcvblFromOfficersEOYAmt
Rcvbl From Officers EOYFMV$75,000RcvblFromOfficersEOYFMVAmt
Other Investments BOY$40,239OtherInvestmentsBOYAmt
Other Investments EOY$11,723OtherInvestmentsEOYAmt
Total Assets BOY$117,089TotalAssetsBOYAmt
Total Assets EOY$89,631TotalAssetsEOYAmt
Total Assets EOYFMV$77,908TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow SFAS117Yes (X)OrgDoesNotFollowSFAS117Ind
Retained Earning BOY$117,089RetainedEarningBOYAmt
Retained Earning EOY$89,631RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$117,089TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$89,631TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$117,089TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$89,631TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$117,089TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$27,454ExcessRevenueOverExpensesAmt
Subtotal$89,635SubtotalAmt
Other Decreases$4OtherDecreasesAmt
Tot Net Ast Or Fund Balances EOY$89,631TotNetAstOrFundBalancesEOYAmt

Qlfy Und Sect4940e Reduced Tax QlfyUndSect4940eReducedTaxGrp

FieldValueIRS element (for citing)
Liable Section4942 TaxfalseLiableSection4942TaxInd
Adjusted Qlfy Distri Yr1$23,738AdjustedQlfyDistriYr1Amt
Net Vl Noncharitable Assets Yr1$92,624NetVlNoncharitableAssetsYr1Amt
Distribution Yr10.256283DistributionYr1Rt
Adjusted Qlfy Distri Yr2$31,066AdjustedQlfyDistriYr2Amt
Net Vl Noncharitable Assets Yr2$94,625NetVlNoncharitableAssetsYr2Amt
Distribution Yr20.328306DistributionYr2Rt
Adjusted Qlfy Distri Yr3$28,639AdjustedQlfyDistriYr3Amt
Net Vl Noncharitable Assets Yr3$544,833NetVlNoncharitableAssetsYr3Amt
Distribution Yr30.052565DistributionYr3Rt
Adjusted Qlfy Distri Yr4$30,211AdjustedQlfyDistriYr4Amt
Net Vl Noncharitable Assets Yr4$729,884NetVlNoncharitableAssetsYr4Amt
Distribution Yr40.041392DistributionYr4Rt
Adjusted Qlfy Distri Yr5$57,407AdjustedQlfyDistriYr5Amt
Net Vl Noncharitable Assets Yr5$311,939NetVlNoncharitableAssetsYr5Amt
Distribution Yr50.184033DistributionYr5Rt
Total Distribution0.862579TotalDistributionRt
Average Distribution0.172516AverageDistributionRt
Net Vl Noncharitable Assets$92,531NetVlNoncharitableAssetsAmt
Adj Net Vl Noncharitable Assets$15,963AdjNetVlNoncharitableAssetsAmt
Adj Nonchrtbl Net Invst Incm Pct$15,963AdjNonchrtblNetInvstIncmPctAmt
Qualifying Distributions$49,237QualifyingDistributionsAmt

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)
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
Individual With BooksJEFFREY SITTIndividualWithBooksNm
Phone9176085702PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line120 JAY STREETAddressLine1
Address Line2SUITE 902AddressLine2
CityBROOKLYNCity
StateNYState
ZIP Code11201ZIPCode
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnYes (true)BrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
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/AddressLine1CityUSAddress/CityStateUSAddress/StateZIP CodeUSAddress/ZIPCodeTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
JEFFREY SITT
1127 E 7TH STBROOKLYNNY11230PRESIDENT2.00$0$0$0
CEILEE SITT
1127 E 7TH STBROOKLYNNY11230VICE-PRES.2.00$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$7,464AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$86,476FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$93,940TotalFMVOfUnusedAssetsAmt
Adjusted Total FMV Of Unused Ast$93,940AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$1,409CashDeemedCharitableAmt
Net Vl Noncharitable Assets$92,531NetVlNoncharitableAssetsAmt
Minimum Investment Return$4,627MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$4,627MinimumInvestmentReturnAmt
Distributable Before Adj$4,627DistributableBeforeAdjAmt
Distributable Before Ded$4,627DistributableBeforeDedAmt
Distributable As Adjusted$4,627DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$49,237ExpensesAndContributionsAmt
Qualifying Distributions$49,237QualifyingDistributionsAmt
Adjusted Qualifying Distri$49,237AdjustedQualifyingDistriAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$4,627DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$42,270ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr3$1,418ExcessDistributionCyovYr3Amt
Excess Distribution Cyov Yr2$26,335ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$19,115ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$89,138TotalExcessDistributionCyovAmt
Qualifying Distributions$49,237QualifyingDistributionsAmt
Applied To Current Year$4,627AppliedToCurrentYearAmt
Remaining Distri From Corpus$44,610RemainingDistriFromCorpusAmt
Total Corpus$133,748TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$42,270ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$91,478ExcessDistriCyovToNextYrAmt
Excess From Year3$1,418ExcessFromYear3Amt
Excess From Year2$26,335ExcessFromYear2Amt
Excess From Year1$19,115ExcessFromYear1Amt
Excess From Current Year$44,610ExcessFromCurrentYearAmt

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 SCHEDULERecipientPersonNm

Recipient US Address RecipientUSAddress

FieldValueIRS element (for citing)
Address Line120 JAY STREETAddressLine1
Address Line2902AddressLine2
CityBROOKLYNCity
StateNYState
ZIP Code11201ZIPCode
FieldValueIRS element (for citing)
Grant Or Contribution PurposeGENERAL FUNDGrantOrContributionPurposeTxt
Amt$49,237Amt
FieldValueIRS element (for citing)
Total Grant Or Contri Pd Dur Yr$49,237TotalGrantOrContriPdDurYrAmt

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Div And Int From Sec Part VII DivAndIntFromSecPartVIIGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$1RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Related Or Exempt Function Incm$136RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$137RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$137TotalIncomeProducingActyAmt

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

Schedule B IRS990ScheduleB

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
General RuleYes (X)GeneralRuleInd

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
Contributor1ContributorNum
Contributor PersonJEFFREY SITTContributorPersonNm

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line120 JAY STREETAddressLine1
CityBROOKLYNCity
StateNYState
ZIP Code11201ZIPCode
FieldValueIRS element (for citing)
Total Contributions$26,000TotalContributionsAmt
Person ContributionYes (X)PersonContributionInd

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryINDIRECT ACCOUNTING FEESCategoryTxt
Amt$2,654Amt

Compensation Explanation CompensationExplanation

Compensation Explanation CompensationExplanationGrp (2 entries)

JEFFREY SITT
CEILEE SITT

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp

FieldValueIRS element (for citing)
Category Or Item351 BOWERY PARTNERS, LLCCategoryOrItemTxt
Book Value$11,723BookValueAmt

Other Decreases Schedule OtherDecreasesSchedule

Other Decreases Detail OtherDecreasesDetail

FieldValueIRS element (for citing)
DescriptionFEDERAL TAXDescription
Amount$4Amount

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail

FieldValueIRS element (for citing)
Desc351 BOWERY PARTNERSDesc
Revenue And Expenses Per Books$136RevenueAndExpensesPerBooksAmt

Other Professional Fees Schedule OtherProfessionalFeesSchedule

Other Professional Fees Detail OtherProfessionalFeesDetail

FieldValueIRS element (for citing)
CategoryMANAGEMENT FEESCategoryTxt
Amt$1,650Amt

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 2014RepaymentTermsTxt
Interest0.0400InterestRt
Loan PurposeLOANLoanPurposeTxt
Consideration FMV$75,000ConsiderationFMVAmt

Taxes Schedule TaxesSchedule

Taxes Detail TaxesDetail

FieldValueIRS element (for citing)
CategoryNYS FILING FEECategoryTxt
Amt$50Amt

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