DAVID AND MARJORIE SITT CHESED FUND: Form 990PF, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- DAVID AND MARJORIE SITT CHESED FUND (EIN 34-1994530)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-06-11
- IRS object ID
- 201231639349100403
- Schema version
- 2011v1.2
- 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 ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-06-11T08:54:52-05:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | 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 | 2011-01-01 | 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 | 2012-05-08 | DateSigned |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | PAUL MILLER CPA | Name |
| Phone | 7187670737 | Phone |
| Date Prepared | 2012-06-11 | DatePrepared |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | 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 | 225 | FMVAssetsEOY |
| Method Of Accounting Cash | X | MethodOfAccountingCash |
Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contri Received Rev And Expnss | 24600 | ContriReceivedRevAndExpnss |
| Total Revenue And Expenses | 24600 | TotalRevenueAndExpenses |
| Total Net Investment Income | 0 | TotalNetInvestmentIncome |
| Other Expenses Rev And Expnss | 168 | OtherExpensesRevAndExpnss |
| Tot Opr Expenses Rev And Expnss | 168 | TotOprExpensesRevAndExpnss |
| Tot Opr Expenses Net Invst Incm | 0 | TotOprExpensesNetInvstIncm |
| Tot Opr Expenses Dsbrs Chrtbl Prps | 0 | TotOprExpensesDsbrsChrtblPrps |
| Contri Gifts Paid Rev And Expnss | 24383 | ContriGiftsPaidRevAndExpnss |
| Contri Gifts Paid Dsbrs Chrtbl Prps | 24383 | ContriGiftsPaidDsbrsChrtblPrps |
| Total Expenses Rev And Expnss | 24551 | TotalExpensesRevAndExpnss |
| Total Expenses Net Invst Incm | 0 | TotalExpensesNetInvstIncm |
| Total Expenses Dsbrs Chrtbl Prps | 24383 | TotalExpensesDsbrsChrtblPrps |
| Excess Of Revenue Over Expenses | 49 | ExcessOfRevenueOverExpenses |
| Net Investment Income | 0 | NetInvestmentIncome |
Balance Sheets BalanceSheets
| Field | Value | IRS element (for citing) |
|---|---|---|
| Savings And Temp Cash Invst BOY | 176 | SavingsAndTempCashInvstBOY |
| Savings And Temp Cash Invst EOY | 225 | SavingsAndTempCashInvstEOY |
| Savings And Temp Cash Invst EOYFMV | 225 | SavingsAndTempCashInvstEOYFMV |
| Total Assets BOY | 176 | TotalAssetsBOY |
| Total Assets EOY | 225 | TotalAssetsEOY |
| Total Assets EOYFMV | 225 | TotalAssetsEOYFMV |
| Total Liabilities EOY | 0 | TotalLiabilitiesEOY |
| Org That Do Not Follow SFAS117 | X | OrgThatDoNotFollowSFAS117 |
| Retained Earnings BOY | 176 | RetainedEarningsBOY |
| Retained Earnings EOY | 225 | RetainedEarningsEOY |
| Total Net Assets BOY | 176 | TotalNetAssetsBOY |
| Total Net Assets EOY | 225 | TotalNetAssetsEOY |
| Total Liabilities Net Assets BOY | 176 | TotalLiabilitiesNetAssetsBOY |
| Total Liabilities Net Assets EOY | 225 | TotalLiabilitiesNetAssetsEOY |
Changes In Net Assets Fund Balances ChangesInNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Net Assets Fund Balances BOY | 176 | TotalNetAssetsFundBalancesBOY |
| Excess Of Revenue Over Expenses | 49 | ExcessOfRevenueOverExpenses |
| Subtotal | 225 | Subtotal |
| Total Net Assets Fund Balances EOY | 225 | TotalNetAssetsFundBalancesEOY |
Qlfy Und Sect4940e For Reduced Tax QlfyUndSect4940eForReducedTax
| Field | Value | IRS element (for citing) |
|---|---|---|
| Liable For4942 Tax | false | LiableFor4942Tax |
| Noncharitable Assets Year1 | 13 | NoncharitableAssetsYear1 |
| Qualifying Distributions Year2 | 1626 | QualifyingDistributionsYear2 |
| Noncharitable Assets Year2 | 1059 | NoncharitableAssetsYear2 |
| Distribution Ratio Year2 | 1.535411 | DistributionRatioYear2 |
| Qualifying Distributions Year3 | 14219 | QualifyingDistributionsYear3 |
| Noncharitable Assets Year3 | 2597 | NoncharitableAssetsYear3 |
| Distribution Ratio Year3 | 5.475164 | DistributionRatioYear3 |
| Qualifying Distributions Year4 | 294426 | QualifyingDistributionsYear4 |
| Noncharitable Assets Year4 | 4993 | NoncharitableAssetsYear4 |
| Distribution Ratio Year4 | 58.967755 | DistributionRatioYear4 |
| Qualifying Distributions Year5 | 169254 | QualifyingDistributionsYear5 |
| Noncharitable Assets Year5 | 5128 | NoncharitableAssetsYear5 |
| Distribution Ratio Year5 | 33.005850 | DistributionRatioYear5 |
| Total Distribution Ratio | 98.984180 | TotalDistributionRatio |
| Average Distribution Ratio | 24.746045 | AverageDistributionRatio |
| Net Noncharitable Assets | 1166 | NetNoncharitableAssets |
| Adjusted Noncharitable Assets | 28854 | AdjustedNoncharitableAssets |
| Adj Nonchrtbl Assets And One | 28854 | AdjNonchrtblAssetsAndOnePct |
| Qualifying Distributions | 24383 | QualifyingDistributions |
Excise Tax Based On Investment Incm ExciseTaxBasedOnInvestmentIncm
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Income Excise Tax | 0 | InvestmentIncomeExciseTax |
| Amount Credited To Next Year | 0 | AmountCreditedToNextYear |
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 | false | AtLeast5000InAssets |
| States Filed With | NY | StatesFiledWith |
| 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 |
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 |
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 | 1184 | AvgMonthlyCashBalances |
| FMV All Other Noncharitable Assets | 0 | FMVAllOtherNoncharitableAssets |
| Total FMV Of Unused Assets | 1184 | TotalFMVOfUnusedAssets |
| Adj Total FMV Of Unused Assets | 1184 | AdjTotalFMVOfUnusedAssets |
| Cash Deemed Charitable | 18 | CashDeemedCharitable |
| Net Noncharitable Assets | 1166 | NetNoncharitableAssets |
| Minimum Investment Return | 58 | MinimumInvestmentReturn |
Distributable DistributableAmount
| Field | Value | IRS element (for citing) |
|---|---|---|
| Minimum Investment Return | 58 | MinimumInvestmentReturn |
| Distributable Amount Before Adj | 58 | DistributableAmountBeforeAdj |
| Distributable Amount Before Ded | 58 | DistributableAmountBeforeDed |
| Distributable Amount As Adjusted | 58 | DistributableAmountAsAdjusted |
Qualifying Distributions QualifyingDistributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expenses And Contributions | 24383 | ExpensesAndContributions |
| Qualifying Distributions | 24383 | QualifyingDistributions |
| Adj Qualifying Distributions | 24383 | AdjQualifyingDistributions |
Undistributed Income UndistributedIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Distributable Amount As Adjusted | 58 | DistributableAmountAsAdjusted |
| Excess Distri Carryover Year5 | 165558 | ExcessDistriCarryoverYear5 |
| Excess Distri Carryover Year4 | 294176 | ExcessDistriCarryoverYear4 |
| Excess Distri Carryover Year3 | 14089 | ExcessDistriCarryoverYear3 |
| Excess Distri Carryover Year2 | 1573 | ExcessDistriCarryoverYear2 |
| Total Excess Distri Carryover | 475396 | TotalExcessDistriCarryover |
| Qualifying Distributions | 24383 | QualifyingDistributions |
| Applied To Current Year | 58 | AppliedToCurrentYear |
| Remaining Distri From Corpus | 24325 | RemainingDistriFromCorpus |
| Total Corpus | 499721 | TotalCorpus |
| Undistributed Income CY | 0 | UndistributedIncomeCY |
| Excess Distri Cyov From Year5 | 165558 | ExcessDistriCyovFromYear5 |
| Excess Distri Cyov To Next Year | 334163 | ExcessDistriCyovToNextYear |
| Excess From Year4 | 294176 | ExcessFromYear4 |
| Excess From Year3 | 14089 | ExcessFromYear3 |
| Excess From Year2 | 1573 | ExcessFromYear2 |
| Excess From Current Year | 24325 | 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 | $24,383 | Amount |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tot Grant Or Contri Paid During Year | 24383 | 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 | 24600 | AggregateContributions |
| Person Contribution Type | X | PersonContributionType |
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 | 168 |