2026-06-17T13:53:57-05:00 2025-12-31 871353108 EISNER ADVISORY GROUP LLC 733 THIRD AVENUE NEW YORK NY 100172703 990 2025-01-01 131331235 SPECIAL FUNDS CONSERVATION COMMITTEE SPEC 2012209433 CO NOVO ADVISORS 600 THIRD AVE NEW YORK NY 10016 RICHARD VANDERBEEK COO 2012209433 2026-06-17 1 TIMOTHY SCHROEDER P01631203 2129498700 2025 2025-03-06 01:10:19Z X RICHARD VANDERBEEK C/O NOVO ADVISORS 600 THIRD AVE NEW YORK NY 10016 0 0 X N/A X 1938 NY SEE 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. X 2 2 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 4611 0 4611 0 -4611 0 1497214 0 478380 0 1018834 0 X SEE SCHEDULE O. 0 1 THE 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. 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1 8 0 1 0 0 0 0 0 0 0 0 0 X 2 2 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 X RICHARD VANDERBEEK 2012209433 C/O NOVO ADVISORS 600 THIRD AVENUE NEW YORK NY 10016 X JEREMY ATTIE BOARD MEMBER 2.00 0.00 X 0 0 0 WILLIAM GANTRIX BOARD MEMBER 2.00 0.00 X 0 0 0 RICHARD VANDERBEEK CHIEF OPERATING OFFICER 5.00 0.00 X 0 0 0 0 0 0 0 0 0 0 THOMPSON COBURN LLP ONE US BANK PLAZA PO BOX 18379M ST LOUIS MO 631011612 LEGAL SERVICES 319807 HERBERT SMITH FREEHILLS KRAMER US LLP 1177 AVENUE OF THE AMERICAS NEW YORK NY 100362714 LEGAL SERVICES 259551 NOVO ADVISORS LLC 401 N FRANKLIN ST STE 4E CHICAGO IL 606544900 CONSULTING 234039 BINH LY 3713 SWANFALLS TERRACE SANFORD FL 32771 CONSULTING 140000 4 0 0 0 0 0 0 1494495 0 0 2719 0 0 0 0 0 0 0 0 0 0 0 0 1497214 0 478380 478380 0 X 1018834 0 1018834 0 1497214 0 X 0 -1018834 X X 0 1 X 1 0 1 1 0 PART III-A THE 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. 0 X PART X, LINE 2: THE 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. SEE PART III, LINE 2E FOR EXPLANATION 0 0 0 1 1 0 0 1 0 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 1 SEE PART I, LINE 2E FOR EXPLANATION. FORM 990, PART III, LINE 3 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 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 3 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 (SEE PART VII). FORM 990, PART VI, SECTION A, LINE 6 THE 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 7A SEE SCHEDULE O EXPLANATION TO FORM 990, PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION A, LINE 7B SEE SCHEDULE O EXPLANATION TO FORM 990, PART VI, SECTION A, LINE 6. FORM 990, PART VI, SECTION B, LINE 11B AFTER 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 12C EVERY 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 19 GOVERNING 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. SFCC WIND-DOWN TRUST 600 THIRD AVENUE NEW YORK NY 10016 357227012 LIQUIDATING TRUST NY SFCC T 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0