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TWIN CHIMNEY INC: Form 990PF, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
TWIN CHIMNEY INC (EIN 22-2787076)
Tax period
2020-12-01 to 2021-11-30
Filed
2022-10-17
IRS object ID
202212919349100001
Schema version
2020v4.0
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)
Return2022-10-17T20:59:09-07:00ReturnTs
Tax Period End2021-11-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN222947255PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Lear & Pannepacker LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1791 Alexander RoadAddressLine1Txt
CityPrincetonCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2020-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222787076EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Twin Chimney IncBusinessNameLine1Txt
Business Name Line2co Pitcairn Trust CompanyBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlTWINBusinessNameControlTxt
Phone2158876700PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1165 Township Line Rd STE 3000AddressLine1Txt
CityJenkintownCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19046ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonF Helmut WeymarPersonNm
Person TitlePresidentPersonTitleTxt
Signature2022-10-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstF HelmutPersonFirstNm
Person LastWeymarPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLaura M Pronesti CPAPreparerPersonNm
PTINP00975476PTIN
Phone6094522200PhoneNum

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer2TrustedCustomerCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
Federated Assurance LevelFAL1FederatedAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,111,319FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$6InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$6InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$6InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$58,048NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$58,048GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$58,048CapGainNetIncmNetInvstIncmAmt
Net ST Capital Gain Adj Net Incm$5,459NetSTCapitalGainAdjNetIncmAmt
Other Income Rev And Expnss-$10,639OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm-$10,639OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$47,415TotalRevAndExpnssAmt
Total Net Invst Incm$47,415TotalNetInvstIncmAmt
Total Adj Net Incm$5,465TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$20,692OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$20,692OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$20,692TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$20,692TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$20,692TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$20,692TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses$26,723ExcessRevenueOverExpensesAmt
Net Investment Income$26,723NetInvestmentIncomeAmt
Adjusted Net Income$5,465AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$23,624CashBOYAmt
Cash EOY$102,677CashEOYAmt
Cash EOYFMV$102,677CashEOYFMVAmt
Other Investments BOY$1,429,209OtherInvestmentsBOYAmt
Other Investments EOY$1,376,879OtherInvestmentsEOYAmt
Other Investments EOYFMV$2,008,642OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,452,833TotalAssetsBOYAmt
Total Assets EOY$1,479,556TotalAssetsEOYAmt
Total Assets EOYFMV$2,111,319TotalAssetsEOYFMVAmt
Other Liabilities BOY$180,000OtherLiabilitiesBOYAmt
Other Liabilities EOY$180,000OtherLiabilitiesEOYAmt
Total Liabilities BOY$180,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$180,000TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,272,833CapitalStockBOYAmt
Capital Stock EOY$1,299,556CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,272,833TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,299,556TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,452,833TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,479,556TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,272,833TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses$26,723ExcessRevenueOverExpensesAmt
Subtotal$1,299,556SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,299,556TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (3 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
LearnLaunchX LLCP2021-01-012021-11-30$5,459$5,459$5,459
LearnLaunchX LLCP2010-01-012021-11-30$28,192$28,192$28,192
Special Opps Fund IIIP2010-01-012021-11-30$24,397$24,397$24,397
FieldValueIRS element (for citing)
Capital Gain Net Income$58,048CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss$5,459NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$371InvestmentIncomeExciseTaxAmt
Subtotal$371SubtotalAmt
Tax Based On Investment Income$371TaxBasedOnInvestmentIncomeAmt
Extsn Request Income Tax Paid$1,000ExtsnRequestIncomeTaxPaidAmt
Total Payments And Credits$1,000TotalPaymentsAndCreditsAmt
Overpayment$629OverpaymentAmt
Applied To ES Tax$629AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
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 StateNJOrgReportOrRegisterStateCd
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

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1Pitcairn Trust CompanyBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2158876700PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line1165 Township Line Rd STE 3000AddressLine1Txt
CityJenkintownCityNm
State AbbreviationPAStateAbbreviationCd
ZIP19046ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
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
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
F Helmut Weymar
57 Constitution Hill WPrincetonNJ08540President2.00$0
Caroline S Weymar
57 Constitution Hill WPrincetonNJ08540Secretary2.00$0
Matthew D Weymar
57 Constitution Hill WPrincetonNJ08540Trustee1.00$0
Emily B Weymar Van Dixhoorn
57 Constitution Hill WPrincetonNJ08540Trustee1.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$0AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$0AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$0TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$0AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$0CashDeemedCharitableAmt
Net Vl Noncharitable Assets$0NetVlNoncharitableAssetsAmt
Minimum Investment Return$0MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Tax Based On Investment Income$371TaxBasedOnInvestmentIncomeAmt
Total Tax$371TotalTaxAmt
Distributable Before Adj$371DistributableBeforeAdjAmt
Distributable Before Ded$371DistributableBeforeDedAmt
Distributable As Adjusted$0DistributableAsAdjustedAmt

Qualifying Distri Part XII QualifyingDistriPartXIIGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$340,617ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr4$283,592ExcessDistributionCyovYr4Amt
Excess Distribution Cyov Yr3$185,448ExcessDistributionCyovYr3Amt
Total Excess Distribution Cyov$809,657TotalExcessDistributionCyovAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Total Corpus$809,657TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov From Yr5$340,617ExcessDistriCyovFromYr5Amt
Excess Distri Cyov To Next Yr$469,040ExcessDistriCyovToNextYrAmt
Excess From Year4$283,592ExcessFromYear4Amt
Excess From Year3$185,448ExcessFromYear3Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Contributing ManagerF Helmut WeymarContributingManagerNm
Contributing ManagerCaroline S WeymarContributingManagerNm
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$6ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm$58,048RelatedOrExemptFunctionIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescRelated Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
Cibus Global LLC-$10,821
Pearl River LLC$182

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$6ExclusionAmt
Related Or Exempt Function Incm$47,409RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$47,415TotalIncomeProducingActyAmt

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

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (7 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Learnlaunch LLCAT COST$51,332$73,195
Market Realist IncAT COST$285,869$285,869
PanTheryx IncAT COST$575,003$440,000
Pearl River Royalty Co II llcAT COST$127,619$126,369
Westford Special Stituations FundAT COST$225,244$1,058,812
Special Opportunities FundAT COST$24,397
Cibus Global LtdAT COST$111,812

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (3 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Account annual fee$20,005$20,005
Invest Exp: Royalty$167$167
Investment Expense: Portfolio$520$520

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
Cibus Global LLC-$10,821-$10,821
Pearl River LLC$182$182

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescLoan Payable to Baxter LPDesc
BOY Book Value$180,000BOYBookValueAmt
EOY Book Value$180,000EOYBookValueAmt

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