BETA

SPECIAL FUNDS CONSERVATION COMMITTEE: Form 990, tax year 2025

View the entire original 990 at ProPublica ↗

Organization
SPECIAL FUNDS CONSERVATION COMMITTEE (EIN 13-1331235)
Tax period
2025-01-01 to 2025-12-31
Filed
2026-06-17
IRS object ID
202611689349300711
Schema version
2025v4.1
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)
Return2026-06-17T13:53:57-05:00ReturnTs
Tax Period End2025-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN871353108PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1EISNER ADVISORY GROUP LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1733 THIRD AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP100172703ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2025-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN131331235EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1SPECIAL FUNDS CONSERVATION COMMITTEEBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlSPECBusinessNameControlTxt
Phone2012209433PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1CO NOVO ADVISORS 600 THIRD AVEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRICHARD VANDERBEEKPersonNm
Person TitleCOOPersonTitleTxt
Phone2012209433PhoneNum
Signature2026-06-17SignatureDt
Discuss With Paid PreparerYes (1)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonTIMOTHY SCHROEDERPreparerPersonNm
PTINP01631203PTIN
Phone2129498700PhoneNum
FieldValueIRS element (for citing)
Tax2025TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Final ReturnYes (X)FinalReturnInd
Principal OfficerRICHARD VANDERBEEKPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O NOVO ADVISORS 600 THIRD AVEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$0GrossReceiptsAmt
Group Return For Affiliates0GroupReturnForAffiliatesInd
Organization501cYes (X)Organization501cInd
Website AddressN/AWebsiteAddressTxt
Type Of Organization AssocYes (X)TypeOfOrganizationAssocInd
Formation1938FormationYr
Legal Domicile StateNYLegalDomicileStateCd
Activity Or MissionSEE SCHEDULE O.THE SPECIAL FUNDS CONSERVATION COMMITTEE (THE "COMMITTEE") WAS ORGANIZED IN NEW YORK STATE IN 1938 FOR THE PURPOSE OF CONSERVING THE ASSETS OF THE "SPECIAL FUNDS CREATED UNDER SUBDIVISION OF SECTIONS 15 AND 25-A OF THE WORKERS' COMPENSATION LAW OF THE STATE OF NEW YORK. IT PERFORMED SERVICES IN CONNECTION WITH SPECIAL FUNDS AND COOPERATES WITH THE CHAIRMAN AND MEMBERS OF THE NEW YORK WORKERS' COMPENSATION BOARD, THE SUPERINTENDENT OF INSURANCE, AND ANY OTHER PUBLIC OFFICIAL WHOSE DUTIES ARE CONCERNED WITH THE OPERATION OF THE SPECIAL FUNDS. AS DESCRIBED IN PART III, LINE 3, ON JANUARY 2, 2026, THE COMMITTEE DISTRIBUTED ITS REMAINING NET ASSETS TO THE NEW YORK STATE WORKERS COMPENSATION BOARD, COMPLETING THE DISSOLUTION OF THE COMMITTEE.ActivityOrMissionDesc
Contract TerminationYes (X)ContractTerminationInd
Voting Members Governing Body2VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers0TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$0PYContributionsGrantsAmt
CY Contributions Grants$0CYContributionsGrantsAmt
PY Program Service Revenue$0PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$0PYInvestmentIncomeAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$0PYOtherRevenueAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$0PYTotalRevenueAmt
CY Total Revenue$0CYTotalRevenueAmt
PY Grants And Similar Paid$0PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
PY Benefits Paid To Members$0PYBenefitsPaidToMembersAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$0PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
PY Total Prof Fndrsng Expns$0PYTotalProfFndrsngExpnsAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$4,611PYOtherExpensesAmt
CY Other Expenses$0CYOtherExpensesAmt
PY Total Expenses$4,611PYTotalExpensesAmt
CY Total Expenses$0CYTotalExpensesAmt
PY Revenues Less Expenses-$4,611PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$0CYRevenuesLessExpensesAmt
Total Assets BOY$1,497,214TotalAssetsBOYAmt
Total Assets EOY$0TotalAssetsEOYAmt
Total Liabilities BOY$478,380TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,018,834NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$0NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionSEE SCHEDULE O.MissionDesc
Significant New Program Srvc0SignificantNewProgramSrvcInd
Significant ChangeYes (1)SignificantChangeInd
DescTHE COMMITTEE'S PROGRAM WAS INDICATED IN THE MISSION STATEMENT. ALL EXPENSES INCURRED WERE TO ADVANCE THE MISSION. THE COMMITTEE WAS RESPONSIBLE FOR HANDLING 25-A FILES, PROCESSING MEDICAL BILLS AND ATTENDING HEARINGS FOR 25-A FILES. THE OPERATIONS AND EXPENSES OF THE COMMITTEE WERE RELATED TO THE WIND-DOWN OF THE COMMITTEE UNTIL DISSOLUTION ON JANUARY 2, 2026.Desc
Described In Section501c30DescribedInSection501c3Ind
Schedule B Required0ScheduleBRequiredInd
Political Campaign Acty0PoliticalCampaignActyInd
Subject To Proxy TaxYes (1)SubjectToProxyTaxInd
Donor Advised Fund0DonorAdvisedFundInd
Conservation Easements0ConservationEasementsInd
Collections Of Art0CollectionsOfArtInd
Credit Counseling0CreditCounselingInd
Donor Rstr Or Quasi Endowments0DonorRstrOrQuasiEndowmentsInd
Report Land Building Equipment0ReportLandBuildingEquipmentInd
Report Investments Other Sec0ReportInvestmentsOtherSecInd
Report Program Related Invst0ReportProgramRelatedInvstInd
Report Other Assets0ReportOtherAssetsInd
Report Other Liabilities0ReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (1)IncludeFIN48FootnoteInd
Independent Audit Fincl Stmt0IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (1)ConsolidatedAuditFinclStmtInd
School Operating0SchoolOperatingInd
Foreign Office0ForeignOfficeInd
Foreign Activities0ForeignActivitiesInd
More Than5000 K To Org0MoreThan5000KToOrgInd
More Than5000 K To Individuals0MoreThan5000KToIndividualsInd
Professional Fundraising0ProfessionalFundraisingInd
Fundraising Activities0FundraisingActivitiesInd
Gaming Activities0GamingActivitiesInd
Operate Hospital0OperateHospitalInd
Grants To Organizations0GrantsToOrganizationsInd
Grants To Individuals0GrantsToIndividualsInd
Schedule J Required0ScheduleJRequiredInd
Tax Exempt Bonds0TaxExemptBondsInd
Loan Outstanding0LoanOutstandingInd
Grant To Related Person0GrantToRelatedPersonInd
Business Rln With Org Mem0BusinessRlnWithOrgMemInd
Business Rln With Fam Mem0BusinessRlnWithFamMemInd
Business Rln With35 Ctrl Ent0BusinessRlnWith35CtrlEntInd
Deductible Non Cash Contri0DeductibleNonCashContriInd
Deductible Art Contribution0DeductibleArtContributionInd
Terminate OperationsYes (1)TerminateOperationsInd
Partial Liquidation0PartialLiquidationInd
Disregarded Entity0DisregardedEntityInd
Related EntityYes (1)RelatedEntityInd
Related Organization Ctrl Ent0RelatedOrganizationCtrlEntInd
Activities Conducted Prtshp0ActivitiesConductedPrtshpInd
Schedule O RequiredYes (1)ScheduleORequiredInd
IRP Document8IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (1)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over Limit0UnrelatedBusIncmOverLimitInd
Foreign Financial Account0ForeignFinancialAccountInd
Prohibited Tax Shelter Trans0ProhibitedTaxShelterTransInd
Taxable Party Notification0TaxablePartyNotificationInd
Nondeductible Contributions0NondeductibleContributionsInd
Indoor Tanning Services0IndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht Pymt0SubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst Inc0SubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members2GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business Rln0FamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (1)DelegationOfMgmtDutiesInd
Change To Org Documents0ChangeToOrgDocumentsInd
Material Diversion Or Misuse0MaterialDiversionOrMisuseInd
Members Or StockholdersYes (1)MembersOrStockholdersInd
Election Of Board MembersYes (1)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (1)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (1)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (1)MinutesOfCommitteesInd
Officer Mailing Address0OfficerMailingAddressInd
Local Chapters0LocalChaptersInd
Form990 Provided To Gvrn BodyYes (1)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (1)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (1)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (1)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (1)WhistleblowerPolicyInd
Document Retention PolicyYes (1)DocumentRetentionPolicyInd
Compensation Process CEO0CompensationProcessCEOInd
Compensation Process Other0CompensationProcessOtherInd
Investment In Joint Venture0InvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RICHARD VANDERBEEKBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2012209433PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1C/O NOVO ADVISORS 600 THIRD AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd
FieldValueIRS element (for citing)
Info In Schedule O Part VIIYes (X)InfoInScheduleOPartVIIInd

Form990 Part VII Section A Form990PartVIISectionAGrp (3 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
JEREMY ATTIE
BOARD MEMBER2.000.00Yes (X)$0$0$0
WILLIAM GANTRIX
BOARD MEMBER2.000.00Yes (X)$0$0$0
RICHARD VANDERBEEK
CHIEF OPERATING OFFICER5.000.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$0TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees Listed0FormerOfcrEmployeesListedInd
Total Comp Greater Than150 K0TotalCompGreaterThan150KInd
Compensation From Other Srcs0CompensationFromOtherSrcsInd

Contractor Compensation ContractorCompensationGrp (4 entries)

Address Line1ContractorAddress/USAddress/AddressLine1TxtCityContractorAddress/USAddress/CityNmState AbbreviationContractorAddress/USAddress/StateAbbreviationCdZIPContractorAddress/USAddress/ZIPCdServicesServicesDescCompensationCompensationAmt
THOMPSON COBURN LLP
ONE US BANK PLAZA PO BOX 18379MST LOUISMO631011612LEGAL SERVICES$319,807
HERBERT SMITH FREEHILLS KRAMER US LLP
1177 AVENUE OF THE AMERICASNEW YORKNY100362714LEGAL SERVICES$259,551
NOVO ADVISORS LLC
401 N FRANKLIN ST STE 4ECHICAGOIL606544900CONSULTING$234,039
BINH LY
3713 SWANFALLS TERRACESANFORDFL32771CONSULTING$140,000
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K4CntrctRcvdGreaterThan100KCnt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
Related Or Exempt Func Income$0RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$0ExclusionAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$1,494,495BOYAmt
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$2,719BOYAmt
EOY$0EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$1,497,214BOYAmt
EOY$0EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$478,380BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$478,380BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,018,834BOYAmt
EOY$0EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,018,834BOYAmt
EOY$0EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,497,214BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part XIYes (X)InfoInScheduleOPartXIInd
Reconcilation Revenue Expnss$0ReconcilationRevenueExpnssAmt
Other Changes In Net Assets-$1,018,834OtherChangesInNetAssetsAmt
Info In Schedule O Part XIIYes (X)InfoInScheduleOPartXIIInd
Method Of Accounting OtherYes (X)MethodOfAccountingOtherInd
Accountant Compile Or Review0AccountantCompileOrReviewInd
FS AuditedYes (1)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (1)AuditCommitteeInd
Federal Grant Audit Required0FederalGrantAuditRequiredInd

Schedule C IRS990ScheduleC

FieldValueIRS element (for citing)
Substantially All Dues NondedYes (1)SubstantiallyAllDuesNondedInd
Only In House LobbyingYes (1)OnlyInHouseLobbyingInd
Agree Carryover Prior Year0AgreeCarryoverPriorYearInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART III-AFormAndLineReferenceDesc
ExplanationTHE COMMITTEE WAS A SECTION 501(C)(6) ORGANIZATION THAT HAD PREVIOUSLY RECEIVED ASSESSMENTS. AS DESCRIBED IN SCHEDULE N, PART 1, THE COMMITTEE CEASED TO CARRY OUT ITS HISTORICAL BUSINESS AND AFFAIRS ON DECEMBER 31, 2018, AND SINCE SUCH DATE HAS ONLY ENGAGED IN ACTIVITIES AND BUSINESS APPURTENANT TO ITS WIND-DOWN AS CONTEMPLATED BY THIS DISSOLUTION, DATED DECEMBER 20, 2018. ON JANUARY 2, 2026, THE COMMITTEE DISTRIBUTED ITS REMAINING NET ASSETS TO THE NEW YORK STATE WORKERS COMPENSATION BOARD, COMPLETING THE DISSOLUTION OF THE COMMITTEE.ExplanationTxt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Total Book Value Land Buildings$0TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePART X, LINE 2:FormAndLineReferenceDesc
ExplanationTHE COMMITTEE FOLLOWED THE PROVISIONS OF THE FINANCIAL ACCOUNTING STANDARDS BOARD'S ACCOUNTING STANDARDS CODIFICATION ("ASC") TOPIC 740, INCOME TAXES, RELATING TO ACCOUNTING AND REPORTING FOR UNCERTAINTY IN INCOME TAXES. BECAUSE OF THE COMMITTEE'S GENERAL TAX-EXEMPT STATUS, MANAGEMENT BELIEVES ASC TOPIC 740 HAS NOT HAD, AND IS NOT EXPECTED TO HAVE, A MATERIAL IMPACT ON THE COMMITTEE'S CONSOLIDATED FINANCIAL STATEMENTS.ExplanationTxt

Schedule N IRS990ScheduleN

Liquidation Of Assets Table LiquidationOfAssetsTableGrp

Liquidation Of Assets Detail LiquidationOfAssetsDetail

FieldValueIRS element (for citing)
Assets Distri Or Expnss PaidSEE PART III, LINE 2E FOR EXPLANATIONAssetsDistriOrExpnssPaidDesc
FieldValueIRS element (for citing)
Director Of Successor0DirectorOfSuccessorInd
Employee Of Successor0EmployeeOfSuccessorInd
Owner Of Successor0OwnerOfSuccessorInd
Receive CompensationYes (1)ReceiveCompensationInd
Assets DistributedYes (1)AssetsDistributedInd
Required To Notify AG0RequiredToNotifyAGInd
Attorney General Notified0AttorneyGeneralNotifiedInd
Liabilities PaidYes (1)LiabilitiesPaidInd
Bonds Outstanding0BondsOutstandingInd

Supplemental Information Detail SupplementalInformationDetail (3 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
PART I, LINE 2E:EXPLANATION OF INVOLVEMENT: IN CONJUNCTION WITH THE LIQUIDATION, THE COMMITTEE HAD RETAINED A THIRD PARTY AS THE FINANCIAL ADVISOR TO ACT AS COO AND TRUSTEE OF THE COMMITTEE, IN AN EFFORT TO MANAGE THE LIQUIDATION PROCESS. FURTHER, THE COO WAS NOT A PAID EMPLOYEE OF THE COMMITTEE. ON DECEMBER 14, 2018, THE SFCC WIND-DOWN TRUST (THE "TRUST") WAS FORMED TO HOLD CERTAIN FUNDS OF SPECIAL FUNDS CONSERVATION COMMITTEE (THE "COMMITTEE"). THE PRINCIPAL OF THE FUNDS DEPOSITED IN THE TRUST ACCOUNT HELD BY THE SFCC WIND-DOWN TRUST (EIN# 35-7227012). THE COMMITTEE HADRETAINED A THIRD PARTY AS THE FINANCIAL ADVISOR TO ACT AS TRUSTEE OF THE TRUST. THE EXECUTIVE COMMITTEE OF THE COMMITTEE HAD THE AUTHORITY TO APPROVE EXPENDITURES TO BE DISBURSED BY THE TRUST AND ACCORDINGLY, THE TRUST WAS CONSOLIDATED WITHIN THE COMMITTEE. AS OF JANUARY 2, 2026, THE TRUST HAS BEEN WOUND DOWN, RESULTING IN ALL LITIGATION-RELATED LIABILITIES RESOLVED AND THAT NO TRUST ASSETS REMAIN.ON DECEMBER 20, 2018, THE EXECUTIVE COMMITTEE OF THE COMMITTEE VOTED TO ADOPT THE PLAN OF DISSOLUTION, DATED DECEMBER 20, 2018 FOR WINDING DOWN AND DISSOLVING THE COMMITTEE (THE "PLAN"). ACCORDINGLY, THE COMMITTEE CEASED TO CARRY OUT ITS HISTORICAL BUSINESS AND AFFAIRS ON DECEMBER 31,2018, AND SINCE SUCH DATE HAD ONLY ENGAGED, AND CONTINUED TO ONLY ENGAGE INACTIVITIES AND BUSINESS APPURTENANT TO ITS WIND-DOWN AS CONTEMPLATED BY THIS DISSOLUTION, DATED DECEMBER 20, 2018. THE COMMITTEE HAD ADOPTED THE LIQUIDATION BASIS OF ACCOUNTING AS OF DECEMBER 20, 2018. ON JANUARY 2, 2026, THE COMMITTEE DISTRIBUTED ITS REMAINING NET ASSETS TO THE NEW YORK STATE WORKERS COMPENSATION BOARD, COMPLETING THE DISSOLUTION OF THE COMMITTEE.
PART I, LINE 3:SEE PART I, LINE 2E FOR EXPLANATION.
PART II, LINE 1SEE PART I, LINE 2E FOR EXPLANATION.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (11 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990, PART III, LINE 3ON DECEMBER 14, 2018, THE SFCC WIND-DOWN TRUST (THE "TRUST") WAS FORMED TO HOLD CERTAIN FUNDS OF SPECIAL FUNDS CONSERVATION COMMITTEE (THE "COMMITTEE"). THE PRINCIPAL OF THE FUNDS DEPOSITED IN THE TRUST ACCOUNT AND INCOME GENERATED ON THE PRINCIPAL IS TO BE EXPENDED FOR THE SOLE PURPOSE OF FUNDING ANY LITIGATION-RELATED LIABILITIES OF THE COMMITTEE INCURRED IN CONJUNCTION WITH THE WIND-DOWN OF THE COMMITTEE. THE COMMITTEE HAS RETAINED A THIRD PARTY AS THE FINANCIAL ADVISOR TO ACT AS TRUSTEE OF THE TRUST. THE EXECUTIVE COMMITTEE OF THE COMMITTEE HAS THE AUTHORITY TO APPROVE EXPENDITURES TO BE DISBURSED BY THE TRUST AND ACCORDINGLY, THE TRUST IS CONSOLIDATED WITHIN THE COMMITTEE. AS OF JANUARY 2, 2026, THE TRUST HAS BEEN WOUND DOWN, RESULTING IN ALL LITIGATION-RELATED LIABILITIES RESOLVED AND THAT NO TRUST ASSETS REMAIN. ON DECEMBER 20, 2018, THE EXECUTIVE COMMITTEE OF THE COMMITTEE VOTED TO ADOPT THE PLAN OF DISSOLUTION, DATED DECEMBER 20, 2018 FOR WINDING DOWN AND DISSOLVING THE COMMITTEE (THE "PLAN"). ACCORDINGLY, THE COMMITTEE CEASED TO CARRY OUT ITS HISTORICAL BUSINESS AND AFFAIRS ON DECEMBER 31, 2018, AND SINCE SUCH DATE HAS ONLY ENGAGED, AND WILL CONTINUE TO ONLY ENGAGE IN ACTIVITIES AND BUSINESS APPURTENANT TO ITS WIND-DOWN AS CONTEMPLATED BY THIS DISSOLUTION, DATED DECEMBER 20, 2018. THE COMMITTEE HAS ADOPTED THE LIQUIDATION BASIS OF ACCOUNTING AS OF DECEMBER 20, 2018. THE DISTRIBUTION OF ASSETS AND LIABILITIES COMMENCED IN 2019. THE COMMITTEE HAS RETAINED A THIRD PARTY AS THE FINANCIAL ADVISOR TO ACT AS CHIEF OPERATING OFFICER AND TRUSTEE OF THE COMMITTEE IN AN EFFORT TO MANAGE THE WIND-DOWN PROCESS. ON JANUARY 2, 2026, THE COMMITTEE DISTRIBUTED ITS REMAINING NET ASSETS TO THE NEW YORK STATE WORKERS COMPENSATION BOARD, COMPLETING THE DISSOLUTION OF THE COMMITTEE.
FORM 990, PART VI, SECTION A, LINE 3IN CONJUNCTION WITH THE LIQUIDATION, THE COMMITTEE HAD RETAINED A THIRD PARTY AS THE FINANCIAL ADVISOR TO ACT AS COO AND TRUSTEE OF THE COMMITTEE, IN AN EFFORT TO MANAGE THE LIQUIDATION PROCESS. FURTHER, THE COO WAS NOT A PAID EMPLOYEE OF THE COMMITTEE (SEE PART VII).
FORM 990, PART VI, SECTION A, LINE 6THE TWO VOTING MEMBER POSITIONS OF THE COMMITTEE WERE HELD BY REPRESENTATIVES OF ORGANIZATIONS. REPRESENTATIVES WERE FROM THE NEW YORK STATE INSURANCE FUND AND THE NEW YORK COMPENSATION RATING BOARD. THE REPRESENTATIVES WERE SELECTED BY THE COMMITTEE. THE BUDGET WAS APPROVED BY THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WAS COMPRISED OF THE FULL BOARD.
FORM 990, PART VI, SECTION A, LINE 7ASEE SCHEDULE O EXPLANATION TO FORM 990, PART VI, SECTION A, LINE 6.
FORM 990, PART VI, SECTION A, LINE 7BSEE SCHEDULE O EXPLANATION TO FORM 990, PART VI, SECTION A, LINE 6.
FORM 990, PART VI, SECTION B, LINE 11BAFTER THE COO AND MANAGEMENT HAD REVIEWED AND APPROVED THE FORM 990, A COPY WAS PROVIDED TO ALL MEMBERS OF THE BOARD FOR THEIR REVIEW AND APPROVAL PRIOR TO ITS FINAL SUBMISSION.
FORM 990, PART VI, SECTION B, LINE 12CEVERY JANUARY A LETTER WAS SENT OUT REGARDING THE CONFLICTS-OF-INTEREST POLICY TO EACH BOARD MEMBER. THE LETTER MUST HAVE BEEN SIGNED AND RETURNED.
FORM 990, PART VI, SECTION C, LINE 19GOVERNING DOCUMENTS WERE DISTRIBUTED TO MEMBERS WHO PROVIDEDWRITTEN ACKNOWLEDGEMENT OF RECEIPT. POLICIES AND FINANCIAL INFORMATION WERE AVAILABLE UPON REQUEST.
PART VII, SECTION B, LINE 1:THE HIGHEST COMPENSATED INDEPENDENT CONTRACTORS LISTED WERE NOT REPORTED ON PART IX, LINE 11G SINCE THEIR RELATED PAYMENT WAS IN SATISFACTION OF OUTSTANDING ACCRUALS ON A PRIOR YEAR ESTIMATE AS PART OF SFCC'S ACCOUNTING ON THE LIQUIDATION BASIS.
FORM 990, PART XI, LINE 9:THE ADJUSTMENT TO NET ASSETS INCLUDES A RE-EVALUATION OF ASSETS AND A DISPOSITION & RE-EVALUATION OF LIABILITIES ADJUSTMENT DUE TO SFCC REPORTING ON THE LIQUIDATION BASIS OF ACCOUNTING. -1,018,834.
PART XII, LINE 1:AS A RESULT OF THE EXECUTIVE COMMITTEE'S APPROVAL OF THE PLAN OF COMPLETE LIQUIDATION, THE COMMITTEE ADOPTED THE LIQUIDATION BASIS OF ACCOUNTING. THIS BASIS OF ACCOUNTING WAS CONSIDERED APPROPRIATE WHEN, AMONG OTHER THINGS, LIQUIDATION OF AN ORGANIZATION IS PROBABLE AND THE NET REALIZABLE VALUES OF ASSETS WERE REASONABLY DETERMINABLE. UNDER THIS BASIS OF ACCOUNTING, ASSETS WERE VALUED AT THEIR NET VALUES AND LIABILITIES WERE STATED AT THEIR SETTLEMENT AMOUNTS. THE CONVERSION FROM THE ACCRUAL BASIS OF ACCOUNTING TO LIQUIDATION BASIS OF ACCOUNTING REQUIRED MANAGEMENT TO MAKE SIGNIFICANT ESTIMATES AND JUDGEMENTS TO RECORD ASSETS AT ESTIMATED REALIZABLE VALUE AND LIABILITIES AT ESTIMATED SETTLEMENT AMOUNTS. THESE ESTIMATES WERE SUBJECT TO CHANGE BASED UPON THE TIMING OF ASSET DISTRIBUTIONS. ON JANUARY 2, 2026, THE COMMITTEE DISTRIBUTED ITS REMAINING NET ASSETS TO THE NEW YORK STATE WORKERS COMPENSATION BOARD, COMPLETING THE DISSOLUTION OF THE COMMITTEE.

Schedule R IRS990ScheduleR

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp

Related Organization Name RelatedOrganizationName

FieldValueIRS element (for citing)
Business Name Line1SFCC WIND-DOWN TRUSTBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1600 THIRD AVENUEAddressLine1Txt
CityNEW YORKCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10016ZIPCd
FieldValueIRS element (for citing)
EIN357227012EIN
Primary ActivitiesLIQUIDATING TRUSTPrimaryActivitiesTxt
Legal Domicile StateNYLegalDomicileStateCd

Direct Controlling Entity Name DirectControllingEntityName

FieldValueIRS element (for citing)
Business Name Line1SFCCBusinessNameLine1Txt
FieldValueIRS element (for citing)
Entity TypeTEntityTypeTxt
Ownership1.00000OwnershipPct
Controlled Organization0ControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts Rylts0ReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth Org0GiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth Org0GiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other Org0LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth Org0LoansOrGuaranteesFromOthOrgInd
Div Related Organization0DivRelatedOrganizationInd
Asset Sale To Other Org0AssetSaleToOtherOrgInd
Asset Purchase From Other Org0AssetPurchaseFromOtherOrgInd
Asset Exchange0AssetExchangeInd
Rental Of Facilities To Oth Org0RentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth Org0RentalOfFcltsFromOthOrgInd
Perform Of Services For Oth Org0PerformOfServicesForOthOrgInd
Perform Of Services By Other Org0PerformOfServicesByOtherOrgInd
Sharing Of Facilities0SharingOfFacilitiesInd
Paid Employees Sharing0PaidEmployeesSharingInd
Reimbursement Paid To Other Org0ReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other Org0ReimbursementPaidByOtherOrgInd
Transfer To Other Org0TransferToOtherOrgInd
Transfer From Other Org0TransferFromOtherOrgInd

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