Intrepid Fallen Heroes Fund
- Assets
- $22.6m
- Revenue
- $6.8m
- Investments
- $0.0
- Employees
- 6
- Location
- New York, NY
- Founding
- 01/2004
- Data as of
- 04/2022
- EIN
- 20-0366717
Organization Overview
Intrepid Fallen Heroes Fund is located in New York, NY. The organization was established in 2004. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 04/2022, Intrepid Fallen Heroes Fund employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Intrepid Fallen Heroes Fund is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 04/2022, Intrepid Fallen Heroes Fund generated $6.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.8%) each year. All expenses for the organization totaled $1.1m during the year ending 04/2022. As we would expect to see with falling revenues, expenses have declined by (33.7%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE INTREPID FALLEN HEROES FUND SUPPORTS THE MEN AND WOMEN OF THE ARMED FORCES AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTRUCTION OF INTREPID SPIRIT CENTERS:THE INTREPID FALLEN HEROES FUND (IFHF) IS LEADING THE EFFORT TO SUPPORT SERVICE MEMBERS SUFFERING THE TERRIBLE EFFECTS OF TRAUMATIC BRAIN INJURY (TBI) AND POST-TRAUMATIC STRESS (PTS), WHICH AFFLICT HUNDREDS OF THOUSANDS OF MILITARY PERSONNEL. IFHF IS BUILDING A SERIES OF TEN SPECIALLY-DESIGNED TREATMENT FACILITIES, CALLED INTREPID SPIRIT CENTERS, AT MILITARY BASES AROUND THE NATION, WITHIN WHICH SERVICE MEMBERS RECEIVE THE MOST ADVANCED AND PROVEN CARE TO ADDRESS THE COMPLEX SYMPTOMS OF TBI AND PTS, WITH THE GOAL OF RETURNING THESE MEN AND WOMEN TO THEIR REGULAR DUTIES IN THE ARMED FORCES. NINE INTREPID SPIRIT CENTERS ARE ALREADY OPEN AND SERVING AMERICA'S BRAVE SERVICE MEMBERS, AND THEY HAVE ACHIEVED A SUCCESS RATE OF RETURNING MORE THAN 90% OF PATIENTS TO DUTY. IN ADDITION TO THE NEW CONSTRUCTION, IFHF ALSO FUNDED NEW EQUIPMENT PURCHASES AT THE EXISTING FACILITIES THAT ARE ALREADY OPEN AND OPERATING.
OTHER PROGRAM SERVICES:IN DECEMBER 2021, A $10,000 SUPPORT GRANT WAS GIVEN TO A BRITISH NON-PROFIT, WALKING WITH THE WOUNDED, WHICH TREATS AND ASSISTS BRITISH MILITARY PERSONNEL WHO HAVE SUFFERED SEVERE INJURIES IN THE WARS IN IRAQ AND AFGHANISTAN. THE INTREPID FALLEN HEROES FUND HAS A LONG HISTORY OF SUPPORTING BRITISH SERVICE MEMBERS, WHO WERE INCLUDED IN THE FUND'S ORIGINAL PROGRAM OF PROVIDING GRANTS TO FAMILIES OF MILITARY PERSONNEL WHO HAD BEEN KILLED WHILE SERVING IN UNIFORM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas J Alletto Cfo Treasurer | Officer | 40 | $138,255 |
David A Winters-See Schedule O President | OfficerTrustee | 20 | $134,140 |
Lisa Yaconiello-See Schedule O Vp/secretary | Officer | 10 | $41,158 |
Richard T Santulli Chairman | OfficerTrustee | 3 | $0 |
General Richard A Cody Director | Trustee | 1 | $0 |
Brian D Finn Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Smithgroupjjr Architectural-ft. Carson Spirit Center | 4/29/22 | $175,776 |
Turner Construction Company Construction-ft. Carson Spirit Center | 4/29/22 | $4,264,986 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $4,515 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,764,423 |
| Noncash contributions included in lines 1a–1f | $143,937 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,768,938 |
| Total Program Service Revenue | $0 |
| Investment income | $47,046 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $290 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,816,274 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $127,967 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $10,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $348,561 |
| Compensation of current officers, directors, key employees. | $170,359 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $333,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $41,636 |
| Payroll taxes | $46,560 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $21,454 |
| Fees for services: Accounting | $43,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,100 |
| Advertising and promotion | $45,152 |
| Office expenses | $42,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,039 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,674 |
| All other expenses | $0 |
| Total functional expenses | $1,141,781 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,055 |
| Savings and temporary cash investments | $10,555,180 |
| Pledges and grants receivable | $35,492 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $31,286 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $88,866 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $11,814,889 |
| Total assets | $22,569,768 |
| Accounts payable and accrued expenses | $160,248 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,468,068 |
| Total liabilities | $1,628,316 |
| Net assets without donor restrictions | $19,459,818 |
| Net assets with donor restrictions | $1,481,634 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $22,569,768 |
Grants Awarded
Over the last fiscal year, Intrepid Fallen Heroes Fund has awarded $11,192,408 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
US DEPARTMENT OF DEFENSE (DOD) PURPOSE: TO BUILD A COMPREHENSIVE HEALTH CARE FACILITY FOR MILITARY PERSONNEL WITH TRAUMATIC BRAIN INJURY. | $11,084,655 |
US DEPARTMENT OF DEFENSE (DOD) PURPOSE: TO UPGRADE EQUIPMENT AT THE COMPLETED INTREPID SPIRIT CENTERS. | $107,753 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Intrepid Fallen Heroes Fund has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Blanche March Foundation Laguna Niguel, CA PURPOSE: FAMILY ASSISTANCE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Npt Charitable Asset Tr Jenkintown, PA | $16,456,984 | $30,273,580 |
Fund For The Public Interest Inc Boston, MA | $38,723,767 | $15,827,211 |
Rofeh Cholim Cancer Society Inc Brooklyn, NY | $24,523,868 | $22,653,682 |
Person To Person Inc Darien, CT | $8,508,315 | $15,004,932 |
Peter Schub Foundation New York, NY | $153,451 | $8,498,000 |
Queens College Special Projects Fund Inc Flushing, NY | $53,656,603 | $7,071,081 |
Global Impact Investing Network Inc New York, NY | $6,619,298 | $6,380,097 |
Fannie E Rippel Foundation Morristown, NJ | $0 | $6,091,281 |
Concrete Foundation Inc Craftsbury Common, VT | $101,088,945 | $16,269,821 |
Tapfound Inc New York, NY | $4,933,878 | $7,053,619 |
Chief Executives For Corporate Purpose Inc New York, NY | $5,985,740 | $5,961,385 |
Sovereign Military Hospitaller Order Of St John Of Jerusalem Of New York, NY | $5,131,952 | $5,108,487 |