Eugene C and Gail V Sit Foundation

990PF • Fiscal year 2021 • EIN 41-1572465

Dec 01, 2020 to Nov 30, 2021 • Filed on Aug 18, 2022

Organization Profile

80 South 8th Street Ste 3300Minneapolis, MN 55402

(612) 332-3223

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.00x

Higher debt load relative to assets than 24% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Source year 2021

0.00x

Higher debt load relative to revenue than 25% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Source year 2021

-67%

Higher net margin than 6% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Source year 2021

Higher top officer pay than 32% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • $5M-$10M nonprofits • Source year 2021

-7.5%

Faster asset growth than 8% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Annualized from 2020 to 2021

11%

Faster revenue growth than 47% of similar nonprofits.

2021 filings • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet

Liabilities / Assets24th percentile

Assets

Down

$5,006,790

Down $407,358 (-7.5%) from 2020

Net Assets

Down

$5,006,765

Down $402,169 (-7.4%) from 2020

Liabilities

Down

$25

Down $5,189 (-100%) from 2020

Revenue And Expenses

Liabilities / Revenue25th percentile Net Margin6th percentile

Revenue

$509,286

Up $50,784 (+11%) from 2020

Expenses

$852,099

Up $199,336 (+31%) from 2020

Net Income

Down

-$342,813

Down $148,552 (-76%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2021

Assets$5,006,790

Liabilities$25

Net Assets$5,006,765

Open 2021 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2021

Revenue$509,286

Expenses$852,099

Net Income-$342,813

Open 2021 Filing

Jump To

Filing Snapshot

Filing Period: Dec 1, 2020 to Nov 30, 2021
Signed: Aug 18, 2022
Return Version: 2020v4.0

Compensation and Service Providers

Top Officer Pay32nd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
RONALD D SIT	Secretary Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Eugene C and Gail V Sit Foundation
EIN: 41-1572465
In Care Of: % Ronald D Sit
Phone: 6123323223
Address: 80 South 8th Street Ste 3300, Minneapolis, MN 55402

Signing Officer

Name: Ronald D Sit
Title: Secretary
Phone: 6123323223
Signed: 2022-08-18

Raw XML Appendix356 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path	#	Value
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GainLossSaleOtherAssetsSch/GainLossSaleOtherAssetGrp/BasisAmt	0	384302
GainLossSaleOtherAssetsSch/GainLossSaleOtherAssetGrp/GrossSalesPriceAmt	0	721194
GainLossSaleOtherAssetsSch/GainLossSaleOtherAssetGrp/TotalNetAmt	0	336892
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYBookValueAmt	0	4745102
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/EOYFMVAmt	0	17047217
InvestmentsCorpStockSchedule/InvestmentsCorporateStockGrp/StockNm	0	See Attached Schedule 12
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt	0	5754
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt	1	57543
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt	2	98012
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt	3	64979
InvestmentsOtherSchedule2/InvestmentsOtherGrp/BookValueAmt	4	30800
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	0	SIA Partnership XIII
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	1	SIA Partnership XX
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	2	SIA Partnership XXIV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	3	SIA Partnership XXVI
InvestmentsOtherSchedule2/InvestmentsOtherGrp/CategoryOrItemTxt	4	Spineology
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt	0	9312
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt	1	18
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt	2	162471
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt	3	85872
InvestmentsOtherSchedule2/InvestmentsOtherGrp/EOYFMVAmt	4	30800
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd	0	AT COST
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd	1	AT COST
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd	2	AT COST
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd	3	AT COST
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd	4	AT COST
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd	5	FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd	6	FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd	7	FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd	8	FMV
InvestmentsOtherSchedule2/InvestmentsOtherGrp/ListedAtCostOrFMVCd	9	FMV
IRS990PF/AnalysisIncomeProducingActyGrp/DivAndIntFromSecPartVIIGrp/ExclusionAmt	0	166287
IRS990PF/AnalysisIncomeProducingActyGrp/DivAndIntFromSecPartVIIGrp/ExclusionCd	0	14
IRS990PF/AnalysisIncomeProducingActyGrp/GainSalesAstOthThanInvntryGrp/ExclusionAmt	0	336892
IRS990PF/AnalysisIncomeProducingActyGrp/GainSalesAstOthThanInvntryGrp/ExclusionCd	0	18
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionAmt	0	166
IRS990PF/AnalysisIncomeProducingActyGrp/IntOnSavAndTempCashInvstGrp/ExclusionCd	0	14
IRS990PF/AnalysisIncomeProducingActyGrp/OtherInvestmentIncmPartVIIGrp/ExclusionAmt	0	5941
IRS990PF/AnalysisIncomeProducingActyGrp/OtherInvestmentIncmPartVIIGrp/ExclusionCd	0	14
IRS990PF/AnalysisIncomeProducingActyGrp/SubtotalsIncmProducingActyGrp/ExclusionAmt	0	509286
IRS990PF/AnalysisIncomeProducingActyGrp/TotalIncomeProducingActyAmt	0	509286
IRS990PF/AnalysisOfRevenueAndExpenses/AccountingFeesRevAndExpnssAmt	0	0
IRS990PF/AnalysisOfRevenueAndExpenses/CapGainNetIncmNetInvstIncmAmt	0	336939
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidDsbrsChrtblAmt	0	831200
IRS990PF/AnalysisOfRevenueAndExpenses/ContriPaidRevAndExpnssAmt	0	831200
IRS990PF/AnalysisOfRevenueAndExpenses/DeprecAndDpltnRevAndExpnssAmt	0	0
IRS990PF/AnalysisOfRevenueAndExpenses/DividendsNetInvstIncmAmt	0	166287
IRS990PF/AnalysisOfRevenueAndExpenses/DividendsRevAndExpnssAmt	0	166287
IRS990PF/AnalysisOfRevenueAndExpenses/ExcessRevenueOverExpensesAmt	0	-342813
IRS990PF/AnalysisOfRevenueAndExpenses/GrossProfitRevAndExpnssAmt	0	0
IRS990PF/AnalysisOfRevenueAndExpenses/GrossSalesPriceAmt	0	721194
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavNetInvstIncmAmt	0	166
IRS990PF/AnalysisOfRevenueAndExpenses/InterestOnSavRevAndExpnssAmt	0	166
IRS990PF/AnalysisOfRevenueAndExpenses/LegalFeesRevAndExpnssAmt	0	0
IRS990PF/AnalysisOfRevenueAndExpenses/NetGainSaleAstRevAndExpnssAmt	0	336892
IRS990PF/AnalysisOfRevenueAndExpenses/NetInvestmentIncomeAmt	0	503434
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesNetInvstIncmAmt	0	5899
IRS990PF/AnalysisOfRevenueAndExpenses/OtherExpensesRevAndExpnssAmt	0	5899
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeNetInvstIncmAmt	0	5941
IRS990PF/AnalysisOfRevenueAndExpenses/OtherIncomeRevAndExpnssAmt	0	5941
IRS990PF/AnalysisOfRevenueAndExpenses/OtherProfFeesRevAndExpnssAmt	0	0
IRS990PF/AnalysisOfRevenueAndExpenses/ScheduleBNotRequiredInd	0	X
IRS990PF/AnalysisOfRevenueAndExpenses/TaxesRevAndExpnssAmt	0	15000
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesDsbrsChrtblAmt	0	831200
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesNetInvstIncmAmt	0	5899
IRS990PF/AnalysisOfRevenueAndExpenses/TotalExpensesRevAndExpnssAmt	0	852099
IRS990PF/AnalysisOfRevenueAndExpenses/TotalNetInvstIncmAmt	0	509333
IRS990PF/AnalysisOfRevenueAndExpenses/TotalRevAndExpnssAmt	0	509286
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesDsbrsChrtblAmt	0	0
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesNetInvstIncmAmt	0	5899
IRS990PF/AnalysisOfRevenueAndExpenses/TotOprExpensesRevAndExpnssAmt	0	20899
IRS990PF/CapGainsLossTxInvstIncmDetail/CapitalGainNetIncomeAmt	0	336939
IRS990PF/ChgInNetAssetsFundBalancesGrp/ExcessRevenueOverExpensesAmt	0	-342813
IRS990PF/ChgInNetAssetsFundBalancesGrp/OtherDecreasesAmt	0	84970
IRS990PF/ChgInNetAssetsFundBalancesGrp/OtherIncreasesAmt	0	25614
IRS990PF/ChgInNetAssetsFundBalancesGrp/SubtotalAmt	0	5091735
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesBOYAmt	0	5408934
IRS990PF/ChgInNetAssetsFundBalancesGrp/TotNetAstOrFundBalancesEOYAmt	0	5006765
IRS990PF/DistributableAmountGrp/DistributableAsAdjustedAmt	0	848809
IRS990PF/DistributableAmountGrp/DistributableBeforeAdjAmt	0	848809
IRS990PF/DistributableAmountGrp/DistributableBeforeDedAmt	0	848809
IRS990PF/DistributableAmountGrp/MinimumInvestmentReturnAmt	0	855807
IRS990PF/DistributableAmountGrp/TaxBasedOnInvestmentIncomeAmt	0	6998
IRS990PF/DistributableAmountGrp/TotalTaxAmt	0	6998
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/AppliedToESTaxAmt	0	25175
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/EstimatedPlusOvpmtIncmTxAmt	0	17173
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/ExtsnRequestIncomeTaxPaidAmt	0	15000
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/InvestmentIncomeExciseTaxAmt	0	6998
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/OverpaymentAmt	0	25175
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IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxBasedOnInvestmentIncomeAmt	0	6998
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TaxUnderSection511Amt	0	0
IRS990PF/ExciseTaxBasedOnInvstIncmGrp/TotalPaymentsAndCreditsAmt	0	32173
IRS990PF/FMVAssetsEOYAmt	0	17340290
IRS990PF/Form990PFBalanceSheetsGrp/AccountsPayableBOYAmt	0	5214
IRS990PF/Form990PFBalanceSheetsGrp/AccountsPayableEOYAmt	0	25
IRS990PF/Form990PFBalanceSheetsGrp/AcctRcvblBOYAmt	0	695
IRS990PF/Form990PFBalanceSheetsGrp/CapitalStockBOYAmt	0	5408934
IRS990PF/Form990PFBalanceSheetsGrp/CapitalStockEOYAmt	0	5006765
IRS990PF/Form990PFBalanceSheetsGrp/CashBOYAmt	0	154719
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYAmt	0	4600
IRS990PF/Form990PFBalanceSheetsGrp/CashEOYFMVAmt	0	4600
IRS990PF/Form990PFBalanceSheetsGrp/CorporateBondsEOYAmt	0	0
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockBOYAmt	0	4992475
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYAmt	0	4745102
IRS990PF/Form990PFBalanceSheetsGrp/CorporateStockEOYFMVAmt	0	17047217
IRS990PF/Form990PFBalanceSheetsGrp/LandBldgInvestmentsEOYAmt	0	0
IRS990PF/Form990PFBalanceSheetsGrp/LandEOYAmt	0	0
IRS990PF/Form990PFBalanceSheetsGrp/LoansFromOfficersEOYAmt	0	0
IRS990PF/Form990PFBalanceSheetsGrp/MortgagesAndNotesPayableEOYAmt	0	0
IRS990PF/Form990PFBalanceSheetsGrp/OrgDoesNotFollowFASB117Ind	0	X
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsBOYAmt	0	0
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYAmt	0	0
IRS990PF/Form990PFBalanceSheetsGrp/OtherAssetsEOYFMVAmt	0	0
IRS990PF/Form990PFBalanceSheetsGrp/OtherInvestmentsBOYAmt	0	266259
IRS990PF/Form990PFBalanceSheetsGrp/OtherInvestmentsEOYAmt	0	257088
IRS990PF/Form990PFBalanceSheetsGrp/OtherInvestmentsEOYFMVAmt	0	288473
IRS990PF/Form990PFBalanceSheetsGrp/OtherNtsAndLoansRcvblEOYAmt	0	0
IRS990PF/Form990PFBalanceSheetsGrp/RcvblFromOfficersEOYAmt	0	0
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsBOYAmt	0	5414148
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYAmt	0	5006790
IRS990PF/Form990PFBalanceSheetsGrp/TotalAssetsEOYFMVAmt	0	17340290
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesBOYAmt	0	5214
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesEOYAmt	0	25
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstBOYAmt	0	5414148
IRS990PF/Form990PFBalanceSheetsGrp/TotalLiabilitiesNetAstEOYAmt	0	5006790
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesBOYAmt	0	5408934
IRS990PF/Form990PFBalanceSheetsGrp/TotNetAstOrFundBalancesEOYAmt	0	5006765
IRS990PF/Form990PFBalanceSheetsGrp/USGovernmentObligationsEOYAmt	0	0
IRS990PF/MethodOfAccountingAccrualInd	0	X
IRS990PF/MinimumInvestmentReturnGrp/AdjustedTotalFMVOfUnusedAstAmt	0	17376794
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyCashBalancesAmt	0	137224
IRS990PF/MinimumInvestmentReturnGrp/AverageMonthlyFMVOfSecAmt	0	17035608
IRS990PF/MinimumInvestmentReturnGrp/CashDeemedCharitableAmt	0	260652
IRS990PF/MinimumInvestmentReturnGrp/FMVAllOtherNoncharitableAstAmt	0	203962
IRS990PF/MinimumInvestmentReturnGrp/MinimumInvestmentReturnAmt	0	855807
IRS990PF/MinimumInvestmentReturnGrp/NetVlNoncharitableAssetsAmt	0	17116142
IRS990PF/MinimumInvestmentReturnGrp/ReductionClaimedAmt	0	0
IRS990PF/MinimumInvestmentReturnGrp/TotalFMVOfUnusedAssetsAmt	0	17376794
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/AverageHrsPerWkDevotedToPosRt	0	0.000
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/CompensationAmt	0	0
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/PersonNm	0	RONALD D SIT
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/TitleTxt	0	Secretary Director
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/AddressLine1Txt	0	80 South 8th Street Ste 3300
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/CityNm	0	Minneapolis
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/StateAbbreviationCd	0	MN
IRS990PF/OfficerDirTrstKeyEmplInfoGrp/OfficerDirTrstKeyEmplGrp/USAddress/ZIPCd	0	55402
IRS990PF/Organization4947a1TrtdPFInd	0	X
IRS990PF/PrivateOperatingFoundationsGrp/GrossInvestmentIncomeGrp/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/LargestSupportFromEOGrp/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/LessorAdjNetIncmMinInvstRetGrp/CurrentYearAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/LessorAdjNetIncmMinInvstRetGrp/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/PublicSupportType/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/QualifyingDistributionsGrp/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsGrp/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/TotalAssetsSect4942j3BiGrp/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/TotalSupportGrp/TotalAmt	0	0
IRS990PF/PrivateOperatingFoundationsGrp/TwoThirdsMinimumInvstRetGrp/TotalAmt	0	0
IRS990PF/QualifyingDistriPartXIIGrp/AdjustedQualifyingDistriAmt	0	831200
IRS990PF/QualifyingDistriPartXIIGrp/ExpensesAndContributionsAmt	0	831200
IRS990PF/QualifyingDistriPartXIIGrp/QualifyingDistributionsAmt	0	831200
IRS990PF/QualifyingDistriPartXIIGrp/SetAsideCashDistriTestAmt	0	0
IRS990PF/StatementsRegardingActy4720Grp/ActsFailToQlfyAsExceptionsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/BrrwOrLendDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/BusinessHoldingsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/ExcessBusinessHoldingsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/FurnGoodsDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToIndividualsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/GrantsToOrganizationsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceElectionInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/InfluenceLegislationInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/JeopardyInvestmentsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/MaintainedExpenditureRspnsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/NoncharitablePurposeInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PayCompDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PaymentToGovernmentOfficialInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/PayPremiumsPrsnlBnftCntrctInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/ProceedsOrNetIncomeInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/ProhibitedTaxShelterTransInd	0	false
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IRS990PF/StatementsRegardingActy4720Grp/TransactionsFailToQlfyAsExcInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPriorActsInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UncorrectedPYJeopardyInvstInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UndistributedIncomePYInd	0	false
IRS990PF/StatementsRegardingActy4720Grp/UndistrIncmSect4942a2NotAppInd	0	false
IRS990PF/StatementsRegardingActyGrp/ActivitiesNotPreviouslyRptInd	0	false
IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd	0	true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd	0	false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd	0	true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd	0	false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd	0	false
IRS990PF/StatementsRegardingActyGrp/Form1120POLFiledInd	0	false
IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd	0	true
IRS990PF/StatementsRegardingActyGrp/Form990TFiledInd	0	false
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd	0	false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt	0	80 South 8th Street Ste 3300
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm	0	Minneapolis
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd	0	MN
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd	0	55402
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd	0	false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd	0	false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd	0	MN
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd	0	false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt	0	Ronald D Sit
IRS990PF/StatementsRegardingActyGrp/PhoneNum	0	6123323223
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd	0	false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd	0	true
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd	0	false
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IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	0	5000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	1	15000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	2	5000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	3	5000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	4	1200
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/Amt	5	800000
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	0	To help further the organizations charitable purpose
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	1	To help further the organizations charitable purpose
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	2	To help further the organizations charitable purpose
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	3	To help further the organizations charitable purpose
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	4	To help further the organizations charitable purpose
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/GrantOrContributionPurposeTxt	5	To help further the organizations charitable purpose
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	0	Pathway's to Children's Foundation
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	1	Minneapolis Institute od Arts
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	2	University of Minnesota Foundation
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	3	Wallin Education Partners
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	4	Minnesota Historical Society
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientBusinessName/BusinessNameLine1Txt	5	Minnesotans' Military Appreciation Fund
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	0	PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	1	PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	2	PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	3	PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	4	PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientFoundationStatusTxt	5	PC
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	0	100 2nd Street SE Ste 1201
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	1	2400 Third Avenue South
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	2	PO Box 860266
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	3	5200 Wilson Road Ste 209
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	4	345 Kellogg Boulevard West
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/AddressLine1Txt	5	80 South 8th Street Ste 3300
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	0	Minneapolis
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	1	Minneapolis
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	2	Minneapolis
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	3	Minneapolis
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	4	Saint Paul
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/CityNm	5	Minneapolis
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	0	MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	1	MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	2	MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	3	MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	4	MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/StateAbbreviationCd	5	MN
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	0	55414
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	1	55402
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	2	554860266
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	3	55424
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	4	55102
IRS990PF/SupplementaryInformationGrp/GrantOrContributionPdDurYrGrp/RecipientUSAddress/ZIPCd	5	55402
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd	0	X
IRS990PF/SupplementaryInformationGrp/TotalGrantOrContriPdDurYrAmt	0	831200
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipScheduleDetail/OrganizationBusinessName/BusinessNameLine1Txt	0	Sit Investment AssocFound
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipScheduleDetail/OrganizationTypeDesc	0	See Attached
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipScheduleDetail/RelationshipDescriptionTxt	0	See Attached
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd	0	false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd	0	false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt	0	831200
IRS990PF/UndistributedIncomeGrp/AppliedToPriorYearsAmt	0	0
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt	0	848809
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovAppCYAmt	0	17609
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt	0	5395
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt	0	30670
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovAppCYCorpusAmt	0	17609
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt	0	18456
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt	0	5395
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt	0	13061
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt	0	831200
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt	0	18456
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt	0	36065
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt	0	0
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt	0	0
OtherDecreasesSchedule/OtherDecreasesDetail/Amt	0	78064
OtherDecreasesSchedule/OtherDecreasesDetail/Amt	1	5025
OtherDecreasesSchedule/OtherDecreasesDetail/Amt	2	338
OtherDecreasesSchedule/OtherDecreasesDetail/Amt	3	1543
OtherDecreasesSchedule/OtherDecreasesDetail/Desc	0	Timing DiffSIA PS XXVI
OtherDecreasesSchedule/OtherDecreasesDetail/Desc	1	AccrualCash Diff
OtherDecreasesSchedule/OtherDecreasesDetail/Desc	2	Partnership Basis Adjust
OtherDecreasesSchedule/OtherDecreasesDetail/Desc	3	Timing DiffSIA PS XIII
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	0	Software Expenses
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	1	MN Filing Fee fye 1121
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	2	SIA Partnership XIIIFrom K1 Deductions
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	3	SIA Partnership XXVIFrom K1 Investment Interest Expense
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	4	SIA Partnership XXVIFrom K1 Deductions
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc	5	SIA Partnership XXIVFrom K1 Deductions
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	0	258
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	1	25
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	2	31
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	3	47
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	4	3246
OtherExpensesSchedule/OtherExpensesScheduleGrp/NetInvestmentIncomeAmt	5	2292
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	0	258
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	1	25
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	2	31
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	3	47
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	4	3246
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt	5	2292
OtherIncomeSchedule2/OtherIncomeDetail/Desc	0	SIA Partnership XIII1202 Gain From K1
OtherIncomeSchedule2/OtherIncomeDetail/Desc	1	SIA Partnership XXIV1202 Gain From K1
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	0	935
OtherIncomeSchedule2/OtherIncomeDetail/NetInvestmentIncomeAmt	1	5006
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	0	935
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt	1	5006
OtherIncreasesSchedule/OtherIncreasesDetail/Amt	0	21048
OtherIncreasesSchedule/OtherIncreasesDetail/Amt	1	47
OtherIncreasesSchedule/OtherIncreasesDetail/Amt	2	4519
OtherIncreasesSchedule/OtherIncreasesDetail/Desc	0	Timing DiffSIA PS XXIV
OtherIncreasesSchedule/OtherIncreasesDetail/Desc	1	BookTax Diff MFs Sold
OtherIncreasesSchedule/OtherIncreasesDetail/Desc	2	Rvrs1120 Accruals
TaxesSchedule/TaxesDetail/Amt	0	15000
TaxesSchedule/TaxesDetail/CategoryTxt	0	Extension PymntFye 1121
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd	0	IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd	0	1
ReturnHeader/BuildTS	0	2022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	RONALD D SIT
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	Secretary
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	6123323223
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2022-08-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	Eugene C and Gail V Sit Foundation
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt	0	80 South 8th Street Suite 3300
ReturnHeader/Filer/BusinessNameControlTxt	0	EUGE
ReturnHeader/Filer/EIN	0	411572465
ReturnHeader/Filer/InCareOfNm	0	% Ronald D Sit
ReturnHeader/Filer/PhoneNum	0	6123323223
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	80 South 8th Street Ste 3300
ReturnHeader/Filer/USAddress/CityNm	0	Minneapolis
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MN
ReturnHeader/Filer/USAddress/ZIPCd	0	55402
ReturnHeader/ReturnTs	0	2022-08-18T12:49:33-05:00
ReturnHeader/ReturnTypeCd	0	990PF
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm	0	RONALD
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm	0	SIT
ReturnHeader/TaxPeriodBeginDt	0	2020-12-01
ReturnHeader/TaxPeriodEndDt	0	2021-11-30
ReturnHeader/TaxYr	0	2020

Document Assets

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Filings

Displayed year

2021 • Form 990PFDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $5,006,790
Liabilities: $25
Net assets: $5,006,765
Revenue: $509,286
Expenses: $852,099
Net income: -$342,813

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Detailed filing. Detailed filing data is available for this year.	$4.43	$0.01	$4.42	$0.37	$0.93	$0.56
2023Detailed filing. Detailed filing data is available for this year.	$4.91	$0.00	$4.91	$0.49	$0.78	$0.29
2022Detailed filing. Detailed filing data is available for this year.	$5.28	$0.00	$5.28	$0.95	$0.77	$0.17
2021Detailed filing. Detailed filing data is available for this year.	$5.01	$0.00	$5.01	$0.51	$0.85	$0.34
2020Detailed filing. Detailed filing data is available for this year.	$5.41	$0.01	$5.41	$0.46	$0.65	$0.19
2019Summary only. Only limited summary data is available for this year.	$5.06	$0.00		$0.49	$0.64	$0.15
2015Summary only. Only limited summary data is available for this year.	$5.19	$0.01		$0.68	$0.02	$0.66
2014Summary only. Only limited summary data is available for this year.	$4.46	$0.00		$0.24	$0.47	$0.23
2013Summary only. Only limited summary data is available for this year.	$4.74	$0.00		$0.27	$0.49	$0.22
2012Summary only. Only limited summary data is available for this year.	$4.97	$0.00		$0.34	$0.42	$0.08
2011Summary only. Only limited summary data is available for this year.	$5.55	$0.28		$0.38	$0.40	$0.02