Joseph Jack Sitt 1986 Charitable Tr
- Assets
- $7.6m
- Revenue
- -$755.8k
- Investments
- $7.4m
- Employees
- 0
- Location
- New York, NY
- Founding
- 02/1988
- Data as of
- 12/2022
- EIN
- 13-3406764
Organization Overview
Joseph Jack Sitt 1986 Charitable Tr is located in New York, NY. The organization was established in 1988. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph Jack Sitt 1986 Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Joseph Jack Sitt 1986 Charitable Tr has awarded 470 individual grants totaling $2,989,598. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,140 |
| Interest on Savings | $154 |
| Dividends & Interest | $22,171 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$781,274 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$755,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $957 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,497 |
| Total operating and administrative expenses | $10,013 |
| Contributions, gifts, grants paid | $124,382 |
| Total expenses and disbursements | $134,395 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $159,309 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $6,119,010 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,555,794 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Joseph Jack Sitt 1986 Charitable Tr has awarded $124,382 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
HATZOLOH OF FLATBUSH PURPOSE: UNRESTRICTED | $1,200 |
RENEWAL OF LIFE PURPOSE: UNRESTRICTED | $5,000 |
THE SPECIAL CHILDREN'S CENTER PURPOSE: UNRESTRICTED | $3,600 |
CHABAD LUBAVITCH OF WESTERN MONMOUTH COUNTY PURPOSE: UNRESTRICTED | $2,000 |
TOTAL DONATIONS LESS THAN 1000 PURPOSE: UNRESTRICTED. | $10,242 |
MOUNT SINAI HEALTH SYSTEM PURPOSE: UNRESTRICTED | $5,000 |