DAVID AND MARJORIE SITT CHESED FUND: Form 990PF, tax year 2012

View the entire original 990 at ProPublica ↗

Organization: DAVID AND MARJORIE SITT CHESED FUND (EIN 34-1994530)
Tax period: 2012-01-01 to 2012-12-31
Filed: 2013-05-13
IRS object ID: 201301339349100020
Schema version: 2012v2.1
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
Form 990-PF
Schedule B
Accounting Fees Schedule
Compensation Explanation
Other Expenses Schedule

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-13T12:29:06-05:00	Timestamp
Tax Period End Date	2012-12-31	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	MILLER & COMPANY LLP	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	1206 149TH ST	AddressLine1
City	WHITESTONE	City
State	NY	State
ZIP Code	113571742	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990PF	ReturnType
Tax Period Begin Date	2012-01-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	341994530	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	DAVID AND MARJORIE SITT CHESED FUND	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	DAVI	NameControl
Phone	9176085703	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	2043 EAST 4TH STREET	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	11223	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	DAVID SITT	Name
Title	PRESIDENT	Title
Phone	9176085703	Phone
Date Signed	2013-05-13	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	PAUL MILLER CPA	Name
Phone	7187670737	Phone
Date Prepared	2013-05-13	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2012	TaxYear
Build TS	2016-02-24 21:20:13Z	BuildTS

Form 990-PF IRS990PF

Field	Value	IRS element (for citing)
Exempt PF	X	ExemptPF
FMV Assets EOY	51237	FMVAssetsEOY
Method Of Accounting Cash	X	MethodOfAccountingCash

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

Field	Value	IRS element (for citing)
Contri Received Rev And Expnss	122430	ContriReceivedRevAndExpnss
Total Revenue And Expenses	122430	TotalRevenueAndExpenses
Total Net Investment Income	0	TotalNetInvestmentIncome
Accounting Fees Rev And Expnss	598	AccountingFeesRevAndExpnss
Other Expenses Rev And Expnss	175	OtherExpensesRevAndExpnss
Tot Opr Expenses Rev And Expnss	773	TotOprExpensesRevAndExpnss
Tot Opr Expenses Net Invst Incm	0	TotOprExpensesNetInvstIncm
Tot Opr Expenses Dsbrs Chrtbl Prps	0	TotOprExpensesDsbrsChrtblPrps
Contri Gifts Paid Rev And Expnss	70645	ContriGiftsPaidRevAndExpnss
Contri Gifts Paid Dsbrs Chrtbl Prps	70645	ContriGiftsPaidDsbrsChrtblPrps
Total Expenses Rev And Expnss	71418	TotalExpensesRevAndExpnss
Total Expenses Net Invst Incm	0	TotalExpensesNetInvstIncm
Total Expenses Dsbrs Chrtbl Prps	70645	TotalExpensesDsbrsChrtblPrps
Excess Of Revenue Over Expenses	51012	ExcessOfRevenueOverExpenses
Net Investment Income	0	NetInvestmentIncome

Balance Sheets BalanceSheets

Field	Value	IRS element (for citing)
Savings And Temp Cash Invst BOY	225	SavingsAndTempCashInvstBOY
Savings And Temp Cash Invst EOY	51237	SavingsAndTempCashInvstEOY
Savings And Temp Cash Invst EOYFMV	51237	SavingsAndTempCashInvstEOYFMV
Total Assets BOY	225	TotalAssetsBOY
Total Assets EOY	51237	TotalAssetsEOY
Total Assets EOYFMV	51237	TotalAssetsEOYFMV
Total Liabilities EOY	0	TotalLiabilitiesEOY
Org That Do Not Follow SFAS117	X	OrgThatDoNotFollowSFAS117
Retained Earnings BOY	225	RetainedEarningsBOY
Retained Earnings EOY	51237	RetainedEarningsEOY
Total Net Assets BOY	225	TotalNetAssetsBOY
Total Net Assets EOY	51237	TotalNetAssetsEOY
Total Liabilities Net Assets BOY	225	TotalLiabilitiesNetAssetsBOY
Total Liabilities Net Assets EOY	51237	TotalLiabilitiesNetAssetsEOY

Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances

Field	Value	IRS element (for citing)
Total Net Assets Fund Balances BOY	225	TotalNetAssetsFundBalancesBOY
Excess Of Revenue Over Expenses	51012	ExcessOfRevenueOverExpenses
Subtotal	51237	Subtotal
Total Net Assets Fund Balances EOY	51237	TotalNetAssetsFundBalancesEOY

Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax

Field	Value	IRS element (for citing)
Liable For4942 Tax	false	LiableFor4942Tax
Qualifying Distributions Year1	24383	QualifyingDistributionsYear1
Noncharitable Assets Year1	1166	NoncharitableAssetsYear1
Distribution Ratio Year1	20.911664	DistributionRatioYear1
Noncharitable Assets Year2	13	NoncharitableAssetsYear2
Qualifying Distributions Year3	1626	QualifyingDistributionsYear3
Noncharitable Assets Year3	1059	NoncharitableAssetsYear3
Distribution Ratio Year3	1.535411	DistributionRatioYear3
Qualifying Distributions Year4	14219	QualifyingDistributionsYear4
Noncharitable Assets Year4	2597	NoncharitableAssetsYear4
Distribution Ratio Year4	5.475164	DistributionRatioYear4
Qualifying Distributions Year5	294426	QualifyingDistributionsYear5
Noncharitable Assets Year5	4993	NoncharitableAssetsYear5
Distribution Ratio Year5	58.967755	DistributionRatioYear5
Total Distribution Ratio	86.889994	TotalDistributionRatio
Average Distribution Ratio	21.722499	AverageDistributionRatio
Net Noncharitable Assets	5822	NetNoncharitableAssets
Adjusted Noncharitable Assets	126468	AdjustedNoncharitableAssets
Adj Nonchrtbl Assets And One	126468	AdjNonchrtblAssetsAndOnePct
Qualifying Distributions	70645	QualifyingDistributions

Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm

Field	Value	IRS element (for citing)
Investment Income Excise Tax	0	InvestmentIncomeExciseTax

Statements Regarding Activities StatementsRegardingActivities

Field	Value	IRS element (for citing)
Legislative Political Activities	false	LegislativePoliticalActivities
More Than100 Spent	false	MoreThan100Spent
Form1120 POL Filed	false	Form1120POLFiled
Activities Not Prev Reported	false	ActivitiesNotPrevReported
Changes To Articles Or Bylaws	false	ChangesToArticlesOrBylaws
Unrelated Bus Income Over1000	false	UnrelatedBusIncomeOver1000
Termination Etc	false	TerminationEtc
Requirements Of Sect508e	true	RequirementsOfSect508e
At Least5000 In Assets	true	AtLeast5000InAssets
States Filed With	NY	StatesFiledWith
Form990 PF Filed With AG	true	Form990PFFiledWithAG
Private Operating Foundation	false	PrivateOperatingFoundation
New Substantial Contributors	false	NewSubstantialContributors
Interest In Controlled Entity	false	InterestInControlledEntity
Applicable Insurance Contract	false	ApplicableInsuranceContract
Comply With Public Inspection Rqr	true	ComplyWithPublicInspectionRqr
Website Address	N/A	WebsiteAddress
Books In Care Of Person Name	DAVID SITT	BooksInCareOfPersonName
Books In Care Of Phone Number	9176085703	BooksInCareOfPhoneNumber

Books In Care Of US Address BooksInCareOfUSAddress

Field	Value	IRS element (for citing)
Address Line1	2043 EAST 4TH STREET	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	11223	ZIPCode

Field	Value	IRS element (for citing)
Foreign Bank	false	ForeignBank

Statements Regarding Acty4720 StatementsRegardingActy4720

Field	Value	IRS element (for citing)
Sale Or Exchange With Dsqfly Person	false	SaleOrExchangeWithDsqflyPerson
Borrow Or Lend With Dsqfly Person	false	BorrowOrLendWithDsqflyPerson
Furnished Goods With Dsqfly Person	false	FurnishedGoodsWithDsqflyPerson
Pay Compensation To Dsqfly Person	false	PayCompensationToDsqflyPerson
Transfer Assets To Dsqfly Person	false	TransferAssetsToDsqflyPerson
Payment To Government Offical	false	PaymentToGovernmentOffical
Undistributed Income Prior Years	false	UndistributedIncomePriorYears
Business Holdings	false	BusinessHoldings
Jeopardy Investments	false	JeopardyInvestments
Uncorrected Jeopardy Investments	false	UncorrectedJeopardyInvestments
Influence Legislation	false	InfluenceLegislation
Influence Election	false	InfluenceElection
Grants To Individuals	false	GrantsToIndividuals
Grants To Organizations	false	GrantsToOrganizations
Noncharitable Purpose	false	NoncharitablePurpose
Rcv Funds To Pay Prsnl Bnft Contract	false	RcvFundsToPayPrsnlBnftContract
Pay Premiums Prsnl Bnft Contract	false	PayPremiumsPrsnlBnftContract
Prohibited Tax Shelter Transactn	false	ProhibitedTaxShelterTransactn

Ofcr Dir Trustees Key Employee Info OfcrDirTrusteesKeyEmployeeInfo

Ofcr Dir Trustees Or Key Employee OfcrDirTrusteesOrKeyEmployee (2 entries)

Address Line1USAddress/AddressLine1	CityUSAddress/City	StateUSAddress/State	ZIP CodeUSAddress/ZIPCode	TitleTitle	Avg Hours Per Wk Devoted To PositionAvgHoursPerWkDevotedToPosition	CompensationCompensation	Contri To Empl Benefit Plans EtcContriToEmplBenefitPlansEtc	Expense Account Other AllowancesExpenseAccountOtherAllowances
DAVID SITT
2043 E 4TH ST	BROOKLYN	NY	11223	DIRECTOR	2.00	0	0	0
MARJORIE SITT
2043 E 4TH ST	BROOKLYN	NY	11223	DIRECTOR	2.00	0	0	0

Field	Value	IRS element (for citing)
Comp Of Highest Paid Empl NONE	NONE	CompOfHighestPaidEmplNONE
Comp Of Hghst Paid Cntrct NONE	NONE	CompOfHghstPaidCntrctNONE

Sum Of Program Related Investments SumOfProgramRelatedInvestments

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

Minimum Investment Return MinimumInvestmentReturn

Field	Value	IRS element (for citing)
Avg Monthly FMV Of Securities	0	AvgMonthlyFMVOfSecurities
Avg Monthly Cash Balances	5911	AvgMonthlyCashBalances
FMV All Other Noncharitable Assets	0	FMVAllOtherNoncharitableAssets
Total FMV Of Unused Assets	5911	TotalFMVOfUnusedAssets
Adj Total FMV Of Unused Assets	5911	AdjTotalFMVOfUnusedAssets
Cash Deemed Charitable	89	CashDeemedCharitable
Net Noncharitable Assets	5822	NetNoncharitableAssets
Minimum Investment Return	291	MinimumInvestmentReturn

Distributable DistributableAmount

Field	Value	IRS element (for citing)
Minimum Investment Return	291	MinimumInvestmentReturn
Distributable Amount Before Adj	291	DistributableAmountBeforeAdj
Distributable Amount Before Ded	291	DistributableAmountBeforeDed
Distributable Amount As Adjusted	291	DistributableAmountAsAdjusted

Qualifying Distributions QualifyingDistributions

Field	Value	IRS element (for citing)
Expenses And Contributions	70645	ExpensesAndContributions
Qualifying Distributions	70645	QualifyingDistributions
Adj Qualifying Distributions	70645	AdjQualifyingDistributions

Undistributed Income UndistributedIncome

Field	Value	IRS element (for citing)
Distributable Amount As Adjusted	291	DistributableAmountAsAdjusted
Excess Distri Carryover Year5	294176	ExcessDistriCarryoverYear5
Excess Distri Carryover Year4	14089	ExcessDistriCarryoverYear4
Excess Distri Carryover Year3	1573	ExcessDistriCarryoverYear3
Excess Distri Carryover Year1	24325	ExcessDistriCarryoverYear1
Total Excess Distri Carryover	334163	TotalExcessDistriCarryover
Qualifying Distributions	70645	QualifyingDistributions
Applied To Current Year	291	AppliedToCurrentYear
Remaining Distri From Corpus	70354	RemainingDistriFromCorpus
Total Corpus	404517	TotalCorpus
Undistributed Income CY	0	UndistributedIncomeCY
Excess Distri Cyov From Year5	294176	ExcessDistriCyovFromYear5
Excess Distri Cyov To Next Year	110341	ExcessDistriCyovToNextYear
Excess From Year4	14089	ExcessFromYear4
Excess From Year3	1573	ExcessFromYear3
Excess From Year1	24325	ExcessFromYear1
Excess From Current Year	70354	ExcessFromCurrentYear

Supplementary Information SupplementaryInformation

Field	Value	IRS element (for citing)
Contributing Manager	DAVID SITT	ContributingManager
Only Contributes To Preselected	X	OnlyContributesToPreselected

Grant Or Contri Paid During Year GrantOrContriPaidDuringYear

Field	Value	IRS element (for citing)
Recipient Person Name	PER ATTACHED LIST	RecipientPersonName

Recipient US Address RecipientUSAddress

Field	Value	IRS element (for citing)
Address Line1	2043 EAST 4TH STREET	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	11223	ZIPCode

Field	Value	IRS element (for citing)
Purpose Of Grant Or Contribution	GENERAL FUND	PurposeOfGrantOrContribution
Amount	$70,645	Amount

Field	Value	IRS element (for citing)
Tot Grant Or Contri Paid During Year	70645	TotGrantOrContriPaidDuringYear

Trnsfr Tr Rln With Noncharitable EO TrnsfrTrRlnWithNoncharitableEO

Field	Value	IRS element (for citing)
Trnsfr Of Cash To Noncharitable EO	false	TrnsfrOfCashToNoncharitableEO
Trnsfr Oth Assets Noncharitable EO	false	TrnsfrOthAssetsNoncharitableEO
Sales Or Exchanges Of Assets	false	SalesOrExchangesOfAssets
Purchase Assets Noncharitable EO	false	PurchaseAssetsNoncharitableEO
Rental Of Facilities Etc	false	RentalOfFacilitiesEtc
Reimbursement Arrangements	false	ReimbursementArrangements
Loans Or Loan Guarantees	false	LoansOrLoanGuarantees
Performance Of Services Etc	false	PerformanceOfServicesEtc
Sharing Of Facilities Etc	false	SharingOfFacilitiesEtc
Relationships Noncharitable E Os	false	RelationshipsNoncharitableEOs

Schedule B IRS990ScheduleB

Field	Value	IRS element (for citing)
Organization501c3 Exempt PF	X	Organization501c3ExemptPF
General Rule	X	GeneralRule

Contributor Info ContributorInfo

Field	Value	IRS element (for citing)
Contributor Number	1	ContributorNumber
Contributor Name Individual	DAVID SITT	ContributorNameIndividual

Contributor Address US ContributorAddressUS

Field	Value	IRS element (for citing)
Address Line1	2043 EAST 4TH STREET	AddressLine1
City	BROOKLYN	City
State	NY	State
ZIP Code	11223	ZIPCode

Field	Value	IRS element (for citing)
Aggregate Contributions	122430	AggregateContributions
Person Contribution Type	X	PersonContributionType

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees AccountingFees

Field	Value	IRS element (for citing)
Category	INDIRECT ACCOUNTING FEES	Category
Amount	$598	Amount

Compensation Explanation CompensationExplanation

Compensation Compensation (2 entries)

DAVID SITT
MARJORIE SITT

Other Expenses Schedule OtherExpensesSchedule

Other Expenses OtherExpenses (2 entries)

DescriptionDescription	Revenue And Expenses Per BooksRevenueAndExpensesPerBooks
EXPENSES
BANK CHARGES	175