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      <InvestmentsProgramRelated>
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        <Explanation>As of December 31, 2011, no amounts have been recognized for uncertain income tax positions. The Organization's tax returns for the year 2008 and forward are subject to the usual review by the appropriate taxing authorities.</Explanation>
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          <State>OH</State>
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        <ReturnReference>SCHEDULE I PART I, LINE 2</ReturnReference>
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        <NamePerson>EARL KRAMER</NamePerson>
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        <Identifier>STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS</Identifier>
        <ReturnReference>PART III - LINE 1</ReturnReference>
        <Explanation>THE PURPOSE OF CHARLEY'S FUND, INC. IS BEING ACHIEVED BY MAKING STRATEGIC GRANTS AND RELATED INVESTMENTS IN TRANSITIONAL RESEARCH (RESEARCH THAT FOCUSES ON MOVING SCIENCE FROM THE LAB INTO HUMAN CLINICAL TRIALS) BEING PERFORMED BY RESEARCHERS, SCIENTISTS AND PHYSICIANS WHO ARE PUSHING THE ENVELOPE OF DUCHENNE MUSCULAR DYSTROPHY TREATMENT. HISTORICALLY, MOST OF THE FUNDS RAISED FOR DUCHENNE HAVE SUBSIDIZED THE TREMENDOUS COST OF CARING FOR CHILDREN WITH THIS BRUTAL DISEASE, NOT RESEARCH TO CURE IT. SEVERAL ESTABLISHED ORGANIZATIONS PROVIDE HELPFUL SERVICES FOR FAMILIES STRUGGLING TO PROVIDE FOR THEIR DMD-AFFLICTED CHILDREN. IN CONTRAST, OUR SOLE MISSION IS TO FUND A CURE OR TREATMENT FOR DUCHENNE. WE INVEST OUR MONEY IN TRANSLATIONAL RESEARCH - RESEARCH THAT FOCUSES ON MOVING SCIENCE FROM THE LAB INTO HUMAN CLINICAL TRIALS.</Explanation>
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      <GeneralExplanation>
        <Identifier>STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS</Identifier>
        <ReturnReference>PART III - LINE 4A</ReturnReference>
        <Explanation>CLINICAL TRIAL AT HUGO MOSER RESEARCH INSTITUTE (KENNEDY KRIEGER INSTITUTE). WE ARE SUPPORTING A CLINICAL TRIAL FOR CHILDREN WITH DMD TO TEST REVATIO, A HEART MEDICATION. CLINICAL TRIAL AT CINCINNATI CHILDREN'S HOSPITAL MEDICAL CENTER. WE ARE SUPPORTING A CLINICAL TRIAL TO TEST INCREUX, A MUSCLE MEMBRANE STABILIZER. PSYCHOGENICS - TESTING FDA - APPROVED DWGS IN THE MOUSE MODEL FOR DMD.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNANCE, MANAGEMENT, AND DISCLOSURE</Identifier>
        <ReturnReference>PART VI, SECTION A. - QUESTION 2</ReturnReference>
        <Explanation>BENJAMIN SECKLER, MD (PRESIDENT), IS HUSBAND TO TRACY KRAMER SECKLER (BOARD MEMBER). EARL KRAMER (TREASURER), IS FATHER TO TRACY KRAMER SECKLER (BOARD MEMBER). KATHE KRAMER CHASE (BOARD MEMBER), AND TRACY KRAMER SECKLER (BOARD MEMBERS), ARE SISTERS.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNANCE, MANAGEMENT, AND DISCLOSURE</Identifier>
        <ReturnReference>PART VI, SECTION B. - QUESTION 11B</ReturnReference>
        <Explanation>TO REVIEW THE FORM 990, THE DOCUMENT IS DISTRIBUTED BY THE PRESIDENT TO THE BOARD MEMBERS. BOARD MEMBERS ARE ASKED TO REVIEW THE DOCUMENT AND SUBMIT QUESTIONS VIA E-MAIL.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNANCE, MANAGEMENT, AND DISCLOSURE</Identifier>
        <ReturnReference>PART VI, SECTION B. - QUESTION 12C</ReturnReference>
        <Explanation>ANNUALLY BOARD MEMBERS AND KEY EMPLOYEES ARE REQUIRED TO REVIEW THE POLICY AND CONSENT WITH COMPLYING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>GOVERNANCE, MANAGEMENT, AND DISCLOSURE</Identifier>
        <ReturnReference>PART VI, SECTION B. - QUESTION 15B</ReturnReference>
        <Explanation>THE ORGANIZATION'S CEO AND TOP MANAGEMENT OFFICIALS RECEIVE NO COMPENSATION. SALARIES FOR OTHER EMPLOYEES ARE REVIEWED AND APPROVED BY THE BOARD ANNUALLY.</Explanation>
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      <GeneralExplanation>
        <Identifier>GOVERNANCE, MANAGEMENT, AND DISCLOSURE</Identifier>
        <ReturnReference>PART VI, SECTION C. - QUESTION 19</ReturnReference>
        <Explanation>THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, OR FINANCIAL STATEMENTS AVAILABLE TO THE GENERAL PUBLIC.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>RECONCILIATION OF NET ASSETS</Identifier>
        <ReturnReference>PART XI - LINE 5</ReturnReference>
        <Explanation>5. LOSS ON INVESTMENTS IN LIMITED LIABILITY COMPANIES: -114,537.</Explanation>
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