﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2014v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2015-02-17T12:41:32-06:00</ReturnTs>
    <TaxPeriodEndDt>2014-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmName>
        <BusinessNameLine1Txt>VINCENT J DICALOGERO CPA'S LLC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>1201 MAIN ST</AddressLine1Txt>
        <CityNm>PORT JEFFERSON</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11777</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990EZ</ReturnTypeCd>
    <TaxPeriodBeginDt>2014-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>320242966</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>ACE IN THE HOLE FOUNDATION INC</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>ACEI</BusinessNameControlTxt>
      <PhoneNum>2128277367</PhoneNum>
      <USAddress>
        <AddressLine1Txt>59 BRITTANY LN</AddressLine1Txt>
        <CityNm>WESTHAMPTON BEACH</CityNm>
        <StateAbbreviationCd>NY</StateAbbreviationCd>
        <ZIPCd>11978</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>GREGORY LICALZI JR</PersonNm>
      <PersonTitleTxt>PRESIDENT</PersonTitleTxt>
      <PhoneNum>2128277367</PhoneNum>
      <SignatureDt>2015-02-14</SignatureDt>
    </BusinessOfficerGrp>
    <PreparerPersonGrp>
      <PreparerPersonNm>LINDA BASILE</PreparerPersonNm>
      <PTIN>P00885867</PTIN>
      <PhoneNum>6314737474</PhoneNum>
      <PreparationDt>2015-02-17</PreparationDt>
    </PreparerPersonGrp>
    <TaxYr>2014</TaxYr>
    <BuildTS>2016-02-25 16:41:14Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="4">
    <IRS990EZ documentId="RetDoc2" referenceDocumentId="RetDoc3">
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
      <Organization501c3Ind referenceDocumentId="RetDoc4">X</Organization501c3Ind>
      <TypeOfOrganizationCorpInd>X</TypeOfOrganizationCorpInd>
      <GrossReceiptsAmt>91255</GrossReceiptsAmt>
      <InfoInScheduleOPartIInd>X</InfoInScheduleOPartIInd>
      <ContributionsGiftsGrantsEtcAmt>91255</ContributionsGiftsGrantsEtcAmt>
      <TotalRevenueAmt>91255</TotalRevenueAmt>
      <GrantsAndSimilarAmountsPaidAmt>66500</GrantsAndSimilarAmountsPaidAmt>
      <OtherExpensesTotalAmt>11865</OtherExpensesTotalAmt>
      <TotalExpensesAmt>78365</TotalExpensesAmt>
      <ExcessOrDeficitForYearAmt>12890</ExcessOrDeficitForYearAmt>
      <NetAssetsOrFundBalancesBOYAmt>49766</NetAssetsOrFundBalancesBOYAmt>
      <NetAssetsOrFundBalancesEOYAmt>62656</NetAssetsOrFundBalancesEOYAmt>
      <CashSavingsAndInvestmentsGrp>
        <BOYAmt>49766</BOYAmt>
        <EOYAmt>62656</EOYAmt>
      </CashSavingsAndInvestmentsGrp>
      <Form990TotalAssetsGrp>
        <BOYAmt>49766</BOYAmt>
        <EOYAmt>62656</EOYAmt>
      </Form990TotalAssetsGrp>
      <NetAssetsOrFundBalancesGrp>
        <BOYAmt>49766</BOYAmt>
        <EOYAmt>62656</EOYAmt>
      </NetAssetsOrFundBalancesGrp>
      <InfoInScheduleOPartIIIInd>X</InfoInScheduleOPartIIIInd>
      <PrimaryExemptPurposeTxt>ENTITY ORGANIZED TO RAISE FUNDS &amp; SPONSOR CHARITABLE EVENTS AS WELL AS PARTICIPATE IN EVENTS ORGANIZED BY OTHER CHARITIES IN ORDER TO PROVIDE SUPPORT AND ASSISTANCE TO ANY &amp; ALL NEEDY OR DESERVING ARMED SERVICES PERSONNEL &amp;/OR THE CHILDREN &amp; FAMILIES OF ACTIVE, RETIRED OR DECEASED ARMED SERVICES PERSONNEL IN THE SPIRIT OF DECEASED US MARINE CORPS FIRST LIEUTENANT MICHAEL LUCIAN LICALZI.</PrimaryExemptPurposeTxt>
      <ProgramSrvcAccomplishmentGrp>
        <DescriptionProgramSrvcAccomTxt>IN THE SPIRIT OF DECEASED US MARINE CORPS 1ST LIEUTENANCT MICHAEL LUCIAN LICALZI, THE ORGANIZATION IS ENGAGED IN RAISING FUNDS AND SPONSORING/PARTICIPATING IN CHARITABLE EVENTS TO SUPPORT VARIOUS CHARITABLE CAUSES. IN ADDITION, THE ORGANIZATION MAY PROVIDE FINANCIAL ASSISTANCE TO ANY NEEDY OR DESERVING ARMED SERVICES PERSONNEL AND/OR THE CHILDREN AND FAMILIES OF ACTIVE, RETIRED OR DECEASED ARMED SERVICES PERSONNEL.</DescriptionProgramSrvcAccomTxt>
        <GrantsAndAllocationsAmt>66500</GrantsAndAllocationsAmt>
        <ProgramServiceExpensesAmt>77969</ProgramServiceExpensesAmt>
      </ProgramSrvcAccomplishmentGrp>
      <TotalProgramServiceExpensesAmt>77969</TotalProgramServiceExpensesAmt>
      <OfficerDirectorTrusteeEmplGrp>
        <BusinessName>
          <BusinessNameLine1Txt>GREGORY LICALZI JR</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>GREGORY LICALZI JR</BusinessNameLine2Txt>
        </BusinessName>
        <TitleTxt>PRESIDENT</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <BusinessName>
          <BusinessNameLine1Txt>ELIZABETH M LICALZI</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>ELIZABETH LICALZI</BusinessNameLine2Txt>
        </BusinessName>
        <TitleTxt>VICE PRESIDE</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <BusinessName>
          <BusinessNameLine1Txt>CAROL A LICALZI</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>CAROL A LICALZI</BusinessNameLine2Txt>
        </BusinessName>
        <TitleTxt>SECRETARY</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <BusinessName>
          <BusinessNameLine1Txt>GREGORY M LICALZI SR</BusinessNameLine1Txt>
          <BusinessNameLine2Txt>GREGORY M LICALZI SR</BusinessNameLine2Txt>
        </BusinessName>
        <TitleTxt>DEVELOPMENT</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>KIMBERLY LICALZI</PersonNm>
        <TitleTxt>TREASURER</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <OfficerDirectorTrusteeEmplGrp>
        <PersonNm>LUKE LICALZI</PersonNm>
        <TitleTxt>BOARD MEMBER</TitleTxt>
        <AverageHrsPerWkDevotedToPosRt>1.00</AverageHrsPerWkDevotedToPosRt>
        <CompensationAmt>0</CompensationAmt>
      </OfficerDirectorTrusteeEmplGrp>
      <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
      <ChgMadeToOrgnzngDocNotRptInd>false</ChgMadeToOrgnzngDocNotRptInd>
      <OrganizationHadUBIInd>false</OrganizationHadUBIInd>
      <SubjectToProxyTaxInd>false</SubjectToProxyTaxInd>
      <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
      <Form1120PolFiledInd>false</Form1120PolFiledInd>
      <MadeLoansToFromOfficersInd>false</MadeLoansToFromOfficersInd>
      <EngagedInExcessBenefitTransInd>false</EngagedInExcessBenefitTransInd>
      <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
      <StatesWhereCopyOfReturnIsFldCd>NY</StatesWhereCopyOfReturnIsFldCd>
      <BooksInCareOfDetail>
        <BusinessName>
          <BusinessNameLine1Txt>GREGORY LICALZI JR PRESIDENT</BusinessNameLine1Txt>
        </BusinessName>
        <USAddress>
          <AddressLine1Txt>59 BRITTANY LANE</AddressLine1Txt>
          <CityNm>WESTHAMPTON BEACH</CityNm>
          <StateAbbreviationCd>NY</StateAbbreviationCd>
          <ZIPCd>11978</ZIPCd>
        </USAddress>
        <PhoneNum>2128277367</PhoneNum>
      </BooksInCareOfDetail>
      <ForeignFinancialAccountInd>false</ForeignFinancialAccountInd>
      <ForeignOfficeInd>false</ForeignOfficeInd>
      <DonorAdvisedFndsInd>false</DonorAdvisedFndsInd>
      <OperateHospitalInd>false</OperateHospitalInd>
      <TanningServicesProvidedInd>false</TanningServicesProvidedInd>
      <RelatedOrganizationCtrlEntInd>false</RelatedOrganizationCtrlEntInd>
      <TransactionWithControlEntInd>false</TransactionWithControlEntInd>
      <PoliticalCampaignActyInd>false</PoliticalCampaignActyInd>
      <LobbyingActivitiesInd>false</LobbyingActivitiesInd>
      <SchoolOperatingInd>false</SchoolOperatingInd>
      <TrnsfrExmptNonChrtblRltdOrgInd>false</TrnsfrExmptNonChrtblRltdOrgInd>
      <PartVIOfCompOfHghstPdEmplTxt>NONE</PartVIOfCompOfHghstPdEmplTxt>
      <PartVIHghstPdCntrctProfSrvcTxt>NONE</PartVIHghstPdCntrctProfSrvcTxt>
      <FiledScheduleAInd>true</FiledScheduleAInd>
    </IRS990EZ>
    <IRS990ScheduleA documentId="RetDoc4">
      <PubliclySupportedOrg509a2Ind>X</PubliclySupportedOrg509a2Ind>
      <GiftsGrantsContrisRcvd509Grp>
        <CurrentTaxYearMinus4YearsAmt>33955</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>81736</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>77160</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>98159</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>91255</CurrentTaxYearAmt>
        <TotalAmt>382265</TotalAmt>
      </GiftsGrantsContrisRcvd509Grp>
      <Total509Grp>
        <CurrentTaxYearMinus4YearsAmt>33955</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>81736</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>77160</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>98159</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>91255</CurrentTaxYearAmt>
        <TotalAmt>382265</TotalAmt>
      </Total509Grp>
      <PublicSupportTotal509Amt>382265</PublicSupportTotal509Amt>
      <TotalSupportCalendarYearGrp>
        <CurrentTaxYearMinus4YearsAmt>33955</CurrentTaxYearMinus4YearsAmt>
        <CurrentTaxYearMinus3YearsAmt>81736</CurrentTaxYearMinus3YearsAmt>
        <CurrentTaxYearMinus2YearsAmt>77160</CurrentTaxYearMinus2YearsAmt>
        <CurrentTaxYearMinus1YearAmt>98159</CurrentTaxYearMinus1YearAmt>
        <CurrentTaxYearAmt>91255</CurrentTaxYearAmt>
        <TotalAmt>382265</TotalAmt>
      </TotalSupportCalendarYearGrp>
      <PublicSupportCY509Pct>1.00000</PublicSupportCY509Pct>
      <PublicSupportPY509Pct>1.00000</PublicSupportPY509Pct>
      <InvestmentIncomeCYPct>0.00000</InvestmentIncomeCYPct>
      <InvestmentIncomePYPct>0.00000</InvestmentIncomePYPct>
      <ThirtyThrPctSuprtTestsCY509Ind>X</ThirtyThrPctSuprtTestsCY509Ind>
    </IRS990ScheduleA>
    <IRS990ScheduleB documentId="RetDoc1">
      <ContributorInformationGrp>
        <ContributorNum>RESTRICTED</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1>RESTRICTED</BusinessNameLine1>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1>RESTRICTED</AddressLine1>
          <AddressLine2>RESTRICTED</AddressLine2>
          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleO documentId="RetDoc3">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 10</FormAndLineReferenceDesc>
        <ExplanationTxt>WOUNDED WARRIOR PROJECT 07/21/2014 4899 BELFORT RD SUITE 300 JACKSONVILLE, FL 32256 20,000 0 0 FOUNDATION FOR ICHTHYOSIS 07/24/2014 2616 N BROAD STREET COLMAR, PA 18915 15,000 0 0 MARINE CORP TANKER ASSOC 07/28/2014 PO BOX 20761 EL CAJON, CA 92021 20,000 0 0</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART I, LINE 16</FormAndLineReferenceDesc>
        <ExplanationTxt>EXPENSES OFFICE 155 POSTAGE 206 NYS FILING FEES 35 PROGRAM RELATED 11,469 TOTAL 11,865</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART III</FormAndLineReferenceDesc>
        <ExplanationTxt>ENTITY ORGANIZED TO RAISE FUNDS &amp; SPONSOR CHARITABLE EVENTS AS WELL AS PARTICIPATE IN EVENTS ORGANIZED BY OTHER CHARITIES IN ORDER TO PROVIDE SUPPORT AND ASSISTANCE TO ANY &amp; ALL NEEDY OR DESERVING ARMED SERVICES PERSONNEL &amp;/OR THE CHILDREN &amp; FAMILIES OF ACTIVE, RETIRED OR DECEASED ARMED SERVICES PERSONNEL IN THE SPIRIT OF DECEASED US MARINE CORPS FIRST LIEUTENANT MICHAEL LUCIAN LICALZI.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>FORM 990-EZ, PART III, LINE 28</FormAndLineReferenceDesc>
        <ExplanationTxt>IN THE SPIRIT OF DECEASED US MARINE CORPS 1ST LIEUTENANCT MICHAEL LUCIAN LICALZI, THE ORGANIZATION IS ENGAGED IN RAISING FUNDS AND SPONSORING/PARTICIPATING IN CHARITABLE EVENTS TO SUPPORT VARIOUS CHARITABLE CAUSES. IN ADDITION, THE ORGANIZATION MAY PROVIDE FINANCIAL ASSISTANCE TO ANY NEEDY OR DESERVING ARMED SERVICES PERSONNEL AND/OR THE CHILDREN AND FAMILIES OF ACTIVE, RETIRED OR DECEASED ARMED SERVICES PERSONNEL.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>