2017-12-21T08:48:33-06:00 2017-06-30 390859910 Baker Tilly Virchow Krause LLP 777 E Wisconsin Avenue 32nd Floor Milwaukee WI 53202 990 2016-07-01 367151617 Conserve School Trust CONS 7734713800 3000 West 51st Street Chicago IL 606805100 Kevin G Powers trustee 7734713800 2017-12-19 1 Troy Marine CPA P00187863 4147775500 2017-12-19 69.11.230.151 2017-12-19 11:42:29 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 51E0EEA151B1858D65DA1F6874E2176CE8260246 2016 2018-03-14 21:41:22Z Steve Fuhrman 3000 West 51st Street Chicago IL 606805100 22770938 0 X n/a X 1996 IL TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATION OF THE CONSERVE SCHOOL Corporation 5 0 0 5 0 0 0 0 0 0 2479274 4082285 0 0 2479274 4082285 4762000 4680000 0 0 0 0 0 0 0 396624 515261 5158624 5195261 -2679350 -1112976 121779340 119451670 25538 15801 121753802 119435869 The purpose of the trust is to operate as a supporting organization within the meaning of section 509(a)(3) of the internal revenue code and to support conserve school corporation in its construction and administration of the school. 0 0 4680000 4680000 The sole program service adminstered by the trust is providing funding to assist in the operation of the conserve school Corporation in Land O'Lakes, Wisconsin 4680000 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 3 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 0 0 0 0 X Brenda Pietila Controller 7155471337 5400 North Black Oak Lake Road Land o lakes WI 54540 X Ronald V Kazmar Trustee 1.00 X 0 0 0 Stephen E Fuhrman Managing Trustee 2.00 X 0 0 0 Michael J Sullivan trustee 3.00 X 0 0 0 Kevin G Powers Trustee 1.00 X 0 0 0 Hugh J Barger III Trustee 1.00 X 0 0 0 JPMorgan Institutional Trustee 1.00 X 0 0 0 Timothy D Hitchcock Accountant 1.00 X 0 0 0 0 0 0 0 0 0 0 JP Morgan 10 S Dearborn 44th Floor Chicago IL 60603 Banking and Investment 225376 Schiff Hardin 233 S Wacker Drive Suite 6600 Chicago IL 60606 Legal 206122 2 2651690 2651690 20119248 18688653 1430595 1430595 1430595 4082285 0 0 4082285 4680000 4680000 203856 203856 11600 11600 22550 22550 Bank Fees 224940 224940 Real Estate Taxes 37235 37235 Miscellaneous Expense 15080 15080 5195261 4680000 515261 0 3101218 5234189 1041158 1041158 1041158 33318768 32699123 84237936 80397336 80260 79864 121779340 119451670 25538 15801 25538 15801 X 121753802 119435869 121753802 119435869 121779340 119451670 -1112976 -1204957 0 X 0 1 X 0 0 X X 1 CONSERVE SCHOOL CORPORATION 364140938 2 1 4680000 0 1 4680000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 Part IV, Section A, Line 1: CONSERVE SCHOOL TRUST (THE "TRUST") IS A SUPPORTING ORGANIZATION. THE TRUST SUPPORTS CONSERVE SCHOOL CORPORATION (THE "CORPORATION"). THE TRUST IS GOVERNED BY THE JAMES R. LOWENSTINE TRUST DATED AUGUST 17, 1981, AS RESTATED ON SEPTEMBER 19, 1995 (THE "TRUST DOCUMENT"). THE TRUST DOCUMENT SPECIFICALLY DIRECTS THE TRUSTEES OF THE TRUST TO ESTABLISH A SCHOOL. THE TRUST DOCUMENT FURTHER SPECIFICALLY PROVIDES THAT THE TRUSTEES OF THE TRUST MAY FORM A CORPORATION (TO BE NAMED AS THE TRUSTEES DETERMINE) TO OPERATE THE SCHOOL. THE TRUSTEES OF CONSERVE SCHOOL TRUST FORMED CONSERVE SCHOOL CORPORATION WHEN THEY ESTABLISHED THE CONSERVE SCHOOL IN ORDER TO OPERATE THE SCHOOL MORE EFFICIENTLY. THE TRUST DOCUMENT REQUIRES THAT THE INDIVIDUAL TRUSTEES OF THE TRUST CONTROL THE CORPORATION. THUS, THE MANAGEMENT AND CONTROL OF THE TRUST, AS THE SUPPORTING ORGANIZATION, IS AND HAS ALWAYS BEEN, VESTED IN THE SAME PERSONS WHO CONTROL AND MANAGE THE CORPORATION, AS THE SUPPORTED ORGANIZATION. IN ADDITION, AS SET FORTH IN THE CORPORATION'S BY-LAWS, THE PURPOSE OF THE CORPORATION IS AND HAS ALWAYS BEEN TO ESTABLISH AND OPERATE THE CONSERVE SCHOOL IN A MANNER THAT CARRIES OUT THE TERMS OF THE TRUST DOCUMENT. 1041158 1041158 1041158 Central Steel & Wire Stock 74177613 F Hedge Fund Investments 6219723 F 80397336 X 2877328 -1204957 -1204957 4082285 0 4082285 5195261 0 5195261 0 5195261 Part X, Line 2: THE TRUST HAS RECEIVED NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE, AND HAS BEEN CLASSIFIED AS A SUPPORTING ORGANIZATION UNDER SECTION 509(A)(3) TO HOLD AND MAINTAIN CERTAIN ASSETS EXCLUSIVELY FOR THE BENEFIT OF THE CORPORATION. THEREFORE, THE TRUST IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES EXCEPT FOR TAXES PERTAINING TO UNRELATED BUSINESS INCOME. NO PROVISION HAS BEEN MADE FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS BECAUSE THE TRUST HAS HAD NO SIGNIFICANT UNRELATED BUSINESS INCOME. THE TRUST HAD NO UNCERTAIN TAX POSITIONS FOR THE YEARS ENDED JUNE 30, 2017 AND 2016. 1 Conserve School Corporation 5400 North Black Oak Lake Road Land OLakes WI 54540 364140938 501(c)(3) 4680000 Support provided to the Conserve School Corporation 1 0 Part I, Line 2: Every month the trust receives monthly financial statements from Conserve School Corporation that provides a comprehensive accounting for the use of the funds contributed by the trust. The actual fund expenditures are compared to a budget which is approved by the trust on an annual basis. The financial statements of Conserve School Corporation are also audited by an independent auditing firm that provides its audit report to the trust. Form 990, Part VI, Section A, line 2 The trustees of the organization have a business relationship with each other due to the requirement of the organization's governing document, wherein the trustees of the organization must also be directors of Central Steel and Wire Company. Form 990, Part VI, Section A, line 8b There are no committees that have authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b The managing trustee reviews the Form 990 in consultation with the conserve school trust's accountants and attorneys. In addition, a copy of the completed Form 990 is provided to each trustee for their review prior to filing. Form 990, Part VI, Section B, line 12c The board regularly and consistently monitors possible conflicts of interest by making such monitoring an integral part of the Board's regular discussions about, and ongoing oversight of, the Trust's administration and by involving each of its five members in the day to day operations of the Trust and its activities. Form 990, Part VI, Section C, line 19 The organization makes such documents available to the public upon request. Conserve School Corporation 5400 N Black Oak Lake Road Land OLakes WI 54540 364140938 School WI 501(c)(3) 2 N/A 0 Central Steel and Wire Company 3000 W 51st Street Chicago IL 60632 360885660 Metal Service Center IL N/A C -6935746 123297343 0.64500 0 James R Lowenstine Cemetery Trust 3000 W 51st Street Chicago IL 60632 367155509 Maintain Burial Plots IL N/A T 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 Conserve School Corporation B 4680000 cash