BETA

TWIN CHIMNEY INC: Form 990PF, tax year 2023

View the entire original 990 at ProPublica ↗

Organization
TWIN CHIMNEY INC (EIN 22-2787076)
Tax period
2023-12-01 to 2024-11-30
Filed
2025-10-15
IRS object ID
202532889349101033
Schema version
2023v6.0
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)
Return2025-10-15T18:26:33-07:00ReturnTs
Tax Period End2024-11-30TaxPeriodEndDt

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 Begin2023-12-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN222787076EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1Twin Chimney IncBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlTWINBusinessNameControlTxt
Phone6095580958PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line157 Constitution Hill WAddressLine1Txt
CityPrincetonCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMatthew D WeymarPersonNm
Person TitleTrusteePersonTitleTxt
Signature2025-10-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonLaura M Pronesti CPAPreparerPersonNm
PTINP00975476PTIN
Phone6094522200PhoneNum
FieldValueIRS element (for citing)
Tax2023TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$2,014,165FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Dividends Rev And Expnss$2,188DividendsRevAndExpnssAmt
Dividends Net Invst Incm$2,188DividendsNetInvstIncmAmt
Dividends Adj Net Incm$2,188DividendsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss$4,123NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$5,351GrossSalesPriceAmt
Cap Gain Net Incm Net Invst Incm$4,123CapGainNetIncmNetInvstIncmAmt
Other Income Rev And Expnss-$2,283OtherIncomeRevAndExpnssAmt
Other Income Net Invst Incm-$2,283OtherIncomeNetInvstIncmAmt
Total Rev And Expnss$4,028TotalRevAndExpnssAmt
Total Net Invst Incm$4,028TotalNetInvstIncmAmt
Total Adj Net Incm$2,188TotalAdjNetIncmAmt
Accounting Fees Rev And Expnss$4,050AccountingFeesRevAndExpnssAmt
Accounting Fees Net Invst Incm$4,050AccountingFeesNetInvstIncmAmt
Other Expenses Rev And Expnss$270OtherExpensesRevAndExpnssAmt
Other Expenses Net Invst Incm$270OtherExpensesNetInvstIncmAmt
Tot Opr Expenses Rev And Expnss$4,320TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$4,320TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$4,320TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$4,320TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$292ExcessRevenueOverExpensesAmt
Net Investment Income$0NetInvestmentIncomeAmt
Adjusted Net Income$2,188AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$45,351CashBOYAmt
Cash EOY$43,795CashEOYAmt
Cash EOYFMV$43,795CashEOYFMVAmt
Other Investments BOY$1,372,627OtherInvestmentsBOYAmt
Other Investments EOY$1,373,891OtherInvestmentsEOYAmt
Other Investments EOYFMV$1,970,370OtherInvestmentsEOYFMVAmt
Total Assets BOY$1,417,978TotalAssetsBOYAmt
Total Assets EOY$1,417,686TotalAssetsEOYAmt
Total Assets EOYFMV$2,014,165TotalAssetsEOYFMVAmt
Other Liabilities BOY$135,000OtherLiabilitiesBOYAmt
Other Liabilities EOY$135,000OtherLiabilitiesEOYAmt
Total Liabilities BOY$135,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$135,000TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$1,282,978CapitalStockBOYAmt
Capital Stock EOY$1,282,686CapitalStockEOYAmt
Tot Net Ast Or Fund Balances BOY$1,282,978TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$1,282,686TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$1,417,978TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$1,417,686TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$1,282,978TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$292ExcessRevenueOverExpensesAmt
Subtotal$1,282,686SubtotalAmt
Tot Net Ast Or Fund Balances EOY$1,282,686TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp

FieldValueIRS element (for citing)
PropertyLearnLaunch K-1 - QSBS StockPropertyDesc
How AcquiredPHowAcquiredCd
Acquired2014-02-06AcquiredDt
Sold2024-06-07SoldDt
Gross Sales Price$5,351GrossSalesPriceAmt
Cost Or Other Basis$1,228CostOrOtherBasisAmt
Gain Or Loss$4,123GainOrLossAmt
Gains Minus Excess Or Losses$4,123GainsMinusExcessOrLossesAmt
FieldValueIRS element (for citing)
Capital Gain Net Income$4,123CapitalGainNetIncomeAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Estimated Plus Ovpmt Incm Tx$629EstimatedPlusOvpmtIncmTxAmt
Total Payments And Credits$629TotalPaymentsAndCreditsAmt
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 LimitYes (true)UnrelatedBusIncmOverLimitInd
Form990 T FiledYes (true)Form990TFiledInd
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 Line1Matthew WeymarBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone5082573278PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line157 Constitution Hill WAddressLine1Txt
CityPrincetonCityNm
State AbbreviationNJStateAbbreviationCd
ZIP08540ZIPCd
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
79 Baxter RoadSiasconsetMA02564President2.00$0
Caroline S Weymar
79 Baxter RoadSiasconsetMA02564Secretary2.00$0
Matthew D Weymar
57 Constitution Hill WPrincetonNJ08540Trustee1.00$0
Emily B Weymar Van Dixhoorn
5841 Woodleigh Oaks DrCharlotteNC28226Trustee1.00$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)
Distributable As Adjusted$0DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

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

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$0DistributableAsAdjustedAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt

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

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$2,188ExclusionAmt

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Business901101BusinessCd
Unrelated Business Taxbl Incm$4,123UnrelatedBusinessTaxblIncmAmt

Other Revenue Described OtherRevenueDescribedGrp (2 entries)

DescDescRelated Or Exempt Function IncmRelatedOrExemptFunctionIncmAmt
LearnLaunch K-1-$2,455
Pearl River LLC - Royalties$172

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Unrelated Business Taxbl Incm$4,123UnrelatedBusinessTaxblIncmAmt
Exclusion$2,188ExclusionAmt
Related Or Exempt Function Incm-$2,283RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty$4,028TotalIncomeProducingActyAmt

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

Accounting Fees Schedule AccountingFeesSchedule

Accounting Fees Detail AccountingFeesDetail

FieldValueIRS element (for citing)
CategoryLP FeesCategoryTxt
Amt$4,050Amt
Net Investment Income$4,050NetInvestmentIncomeAmt
Adjusted Net Income$0AdjustedNetIncomeAmt
Disbursements Charitable Prps$0DisbursementsCharitablePrpsAmt

Investments Other Schedule2 InvestmentsOtherSchedule2

Investments Other InvestmentsOtherGrp (7 entries)

Category Or ItemCategoryOrItemTxtListed At Cost Or FMVListedAtCostOrFMVCdBook ValueBookValueAmtEOYFMVEOYFMVAmt
Learnlaunch LLCAT COST$61,623$83,486
Market Realist IncAT COST$285,869$285,869
PanTheryx IncAT COST$609,293$440,000
Pearl River Royalty Co II llcAT COST$80,032$77,806
Westford Special Stituations FundAT COST$225,262$1,058,812
Special Opportunities FundAT COST$24,397
Cibus Global LtdAT COST$111,812

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp

FieldValueIRS element (for citing)
DescInvestment Expense: PortfolioDesc
Revenue And Expenses Per Books$270RevenueAndExpensesPerBooksAmt
Net Investment Income$270NetInvestmentIncomeAmt

Other Income Schedule2 OtherIncomeSchedule2

Other Income Detail OtherIncomeDetail (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmtNet Investment IncomeNetInvestmentIncomeAmt
LearnLaunch K-1-$2,455-$2,455
Pearl River LLC - Royalties$172$172

Other Liabilities Schedule OtherLiabilitiesSchedule

Other Liabilities Detail OtherLiabilitiesDetail

FieldValueIRS element (for citing)
DescLoan Payable to Baxter LPDesc
BOY Book Value$135,000BOYBookValueAmt
EOY Book Value$135,000EOYBookValueAmt

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