2012-12-17T12:13:27-06:00 2012-06-30 390859910 BAKER TILLY VIRCHOW KRAUSE LLP 777 E WISCONSIN AVE 32ND FLOOR MILWAUKEE WI 53202 990 2011-07-01 367151617 CONSERVE SCHOOL TRUST CONS 7734713800 3000 WEST 51ST STREET CHICAGO IL 606805100 RONALD V KAZMAR 7734713800 2012-12-13 1 TROY E MARINE CPA P00187863 4147775500 2012-12-13 2011 2016-02-24 21:20:13Z RONALD V KAZMAR 3000 WEST 51ST STREET CHICAGO IL 606805100 30637181 0 X N/A X 1996 IL TO PROVIDE FINANCIAL SUPPORT FOR THE OPERATION OF THE CONSERVE SCHOOL CORPORATION 5 0 0 0 0 0 5000 5000 0 0 5429281 5970930 0 65398 5434281 6041328 4600000 4530000 0 0 0 0 0 0 0 362709 241096 4962709 4771096 471572 1270232 172714207 163290096 45715 10707 172668492 163279389 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 4530000 4530000 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 4530000 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 0 1 4 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 RON KAZMAR 7734715958 3000 W 51ST STREET CHICAGO IL 60632 X RONALD V KAZMAR 5.00 X 0 0 0 STEPHEN E FUHRMAN 1.00 X 0 0 0 JOHN F CALHOUN 1.00 X 0 0 0 MICHAEL J SULLIVAN 1.00 X 0 0 0 CHRISTOPHER M RODGERS 1.00 X 0 0 0 JAMES E RINN 1.00 X 0 0 0 TIMOTHY D HITCHCOCK 5.00 X 0 0 0 0 0 0 0 0 0 0 JP MORGAN 10 S DEARBORN 44TH FLOOR CHICAGO IL 60603 BANKING AND INVESTMENT 129238 SCHIFF HARDIN 233 S WACKER DRIVE SUITE 6600 CHICAGO IL 60606 LEGAL 124340 2 5000 5000 4239314 4239314 26327469 24595853 1731616 1731616 1731616 INSURANCE PROCEEDS FRO 900099 65398 65398 65398 6041328 0 0 6036328 4530000 4530000 91597 91597 11550 11550 BANK FEES 91163 91163 REAL ESTATE TAXES 46475 46475 MISCELLANEOUS EXPENSE 311 311 4771096 4530000 241096 0 1113988 3950380 1041158 1041158 1041158 38687879 31870724 131776839 126353484 94343 74350 172714207 163290096 45715 10707 45715 10707 X 172668492 163279389 172668492 163279389 172714207 163290096 X 1270232 -10659335 X 0 1 0 X 0 X X X 0 0 0 CONSERVE SCHOOL CORPORATION 364140938 2 1 1 1 4530000 1 4530000 1041158 1041158 1041158 CENTRAL STEEL & WIRE STOCK 119750787 F HEDGE FUND INVESTMENTS 6602697 F 126353484 6041328 4771096 1270232 -10659335 -10659335 -9389103 -4618007 -10659335 -10659335 6041328 0 6041328 4771096 0 4771096 0 4771096 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012 AND 2011. 1 CONSERVE SCHOOL CORPORATION 5400 NORTH BLACK OAK LAKE ROAD LAND OLAKES WI 54540 364140938 501(C)(3) 4530000 SUPPORT PROVIDED TO THE CONSERVE SCHOOL CORPORATION PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 11 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -10,659,335. 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 51743130 147373264 0.61250 JAMES R LOWENSTINE CEMETERY TRUST 3000 W 51ST STREET CHICAGO IL 60632 367155509 MAINTAIN BURIAL PLOTS IL N/A T 5000 0 1 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 CONSERVE SCHOOL CORPORATION B 4530000 JAMES R LOWENSTINE CEMETERY TRUST C 5000