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        <BusinessNameLine1>THE INTREPID FALLEN HEROES FUND</BusinessNameLine1>
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      <ActivityOrMissionDescription>THE INTREPID FALLEN HEROES FUND SUPPORTS THE MEN AND WOMEN OF THE ARMED FORCES AND THEIR FAMILIES. SINCE 2000 THE FUND HAS PROVIDED MORE THAN $120 MILLION IN SUPPORT FOR THE FAMILIES OF MILITARY PERSONNEL LOST IN SERVICE TO OUR NATION, AND FOR SEVERELY WOUNDED MILITARY PERSONNEL AND VETERANS. THESE EFFORTS ARE FUNDED ENTIRELY WITH DONATIONS FROM THE PUBLIC, AND HUNDREDS OF THOUSANDS OF INDIVIDUALS HAVE CONTRIBUTED TO THE FUND. FROM 2000 TO 2005 THE FUND PROVIDED CLOSE TO $20 MILLION TO FAMILIES OF UNITED STATES AND BRITISH MILITARY PERSONNEL LOST IN PERFORMANCE OF THEIR DUTY, MOSTLY IN SERVICE IN IRAQ AND AFGHANISTAN. THE FUND PROVIDED UNRESTRICTED GRANTS TO EACH SPOUSE AND DEPENDENT CHILD; AND TO PARENTS OF UNMARRIED SERVICE MEMBERS. THE PAYMENTS WERE COORDINATED WITH THE CASUALTY OFFICES OF THE ARMED FORCES, TO ENSURE ALL ELIGIBLE FAMILIES RECEIVED THESE BENEFITS. MANY FAMILIES RECEIVED SUPPORT THROUGH THIS PROGRAM. (SEE CONTINUATION ON SCHEDULE O)</ActivityOrMissionDescription>
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        <NamePerson>ANTHONY SICHENZIO</NamePerson>
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        <ReportableCompFromOrganization>0</ReportableCompFromOrganization>
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        <NamePerson>WILLIAM B WHITE</NamePerson>
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        <NamePerson>LISA YACONIELLO</NamePerson>
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          <NameBusiness>
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      <ContractorCompensation>
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      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
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      <ContractorCompensation>
        <NameOfContractor>
          <NameBusiness>
            <BusinessNameLine1>TRITECH COMMUNICATIONS</BusinessNameLine1>
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          <AddressUS>
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            <State>NY</State>
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        <TotalRevenueColumn>165499</TotalRevenueColumn>
        <ExclusionAmount>165499</ExclusionAmount>
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        <Other>696</Other>
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        <Other>696</Other>
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      <NetIncomeFromGaming>
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        <ExclusionAmount>26787</ExclusionAmount>
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        <RelatedOrExemptFunctionIncome>0</RelatedOrExemptFunctionIncome>
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      <GrantsToDomesticOrgs>
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      <GrantsToDomesticIndividuals>
        <Total>20250</Total>
        <ProgramServices>20250</ProgramServices>
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        <ManagementAndGeneral>46960</ManagementAndGeneral>
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      <FeesForServicesAccounting>
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        <ManagementAndGeneral>37750</ManagementAndGeneral>
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        <ManagementAndGeneral>19279</ManagementAndGeneral>
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        <ManagementAndGeneral>10140</ManagementAndGeneral>
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        <ManagementAndGeneral>43735</ManagementAndGeneral>
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        <ManagementAndGeneral>1756</ManagementAndGeneral>
        <Fundraising>5559</Fundraising>
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        <ManagementAndGeneral>1078</ManagementAndGeneral>
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        <ManagementAndGeneral>20177</ManagementAndGeneral>
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        <ManagementAndGeneral>279118</ManagementAndGeneral>
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      <OtherExpenses>
        <Description>OTHER EVENT EXPENSES</Description>
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      <OtherExpenses>
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      <OtherExpenses>
        <Description>DUES &amp; SUBSCRIPTIONS</Description>
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        <ManagementAndGeneral>400</ManagementAndGeneral>
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        <Identifier>DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48:</Identifier>
        <ReturnReference>PART X:</ReturnReference>
        <Explanation>THE FUND RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. MANAGEMENT HAS DETERMINED THAT THE FUND HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION. THE FUND IS NO LONGER SUBJECT TO AUDITS BY THE APPLICABLE TAXING JURISDICTIONS FOR TAX YEARS PRIOR TO 2007.</Explanation>
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        <Explanation>PART XI, LINE 7 PRIOR PERIOD ADJUSTMENT: NET ASSETS AS OF MAY 1, 2009 HAVE BEEN RESTATED TO REFLECT PLEDGE RECEIVABLES PREVIOUSLY UNREPORTED ON THE FINANCIAL STATEMENTS. THE EFFECT OF THIS RESTATEMENT WAS AN INCREASE OF $810,701, REPRESENTING THE FAIR VALUE OF THOSE ASSETS AS OF APRIL 30, 2009. IN ADDITION, THE FUND DETERMINED IN FISCAL YEAR 2011, THAT THE ALLOWANCE FOR UNCOLLECTIBLE PLEDGES AT APRIL 30, 2010 WAS UNDERSTATED BY $106,372. ACCORDINGLY, FOR FISCAL YEAR 2010, BAD DEBT EXPENSE WAS INCREASED WITH A RELATED REDUCTION TO NET ASSETS. PART XI LINE 8 IN KIND CONTRIBUTED SERVICES TO INCLUDE: SALARIES, RENT, MARKETING, BANK CHARGES, UTILITIES, TELEPHONE, PROFESSIONAL FEES, INSURANCE, CONTRACTED AND MISCELLANEOUS = $418,054 IN KIND SERVICE EXPENSES TO INCLUDE: SALARIES, RENT, MARKETING, BANK CHARGES, UTILITIES, TELEPHONE, PROFESSIONAL FEES, INSURANCE, CONTRACTED AND MISCELLANEOUS = $418,054.</Explanation>
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        <VolunteerLaborOtherGaming>0</VolunteerLaborOtherGaming>
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      </GamingInformation>
      <StatesWhereGamingConducted>NY</StatesWhereGamingConducted>
      <Licensed>0</Licensed>
      <ExplanationIfNo>THE ORGANIZATION WAS NOT AWARE OF THE NEED TO BE LICENSED.</ExplanationIfNo>
      <LicenseSuspendedEtc>0</LicenseSuspendedEtc>
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        <RecipientNameBusiness>
          <BusinessNameLine1>NATIONAL NAVAL MEDICAL CENTER</BusinessNameLine1>
        </RecipientNameBusiness>
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          <City>BETHESDA</City>
          <State>MD</State>
          <ZIPCode>208895600</ZIPCode>
        </AddressUS>
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        <MethodOfValuation>COST</MethodOfValuation>
        <DescriptionOfNonCashAssistance>CONSTRUCTION OF NATIONAL INTREPID CENTER OF EXCELLENCE</DescriptionOfNonCashAssistance>
        <PurposeOfGrant>TO PROVIDE FACILITY FOR RESEARCH, DIAGNOSIS &amp; TREATMENT OF TRAUMATIC BRAIN INJURY FOR SOLDIERSCONSTRUCTION OF THE NATIONAL INTREPID CENTER OF EXCELLENCE FOR RESEARCH, DIAGNOSIS AND TREATMENT OF TRAUMATIC BRAIN INJURY</PurposeOfGrant>
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        <AmountOfCashGrant>3750</AmountOfCashGrant>
        <MethodOfValuation>CASH</MethodOfValuation>
      </Form990ScheduleIPartIII>
      <Form990ScheduleIPartIV>
        <Identifier>PROCEDURE FOR MONITORING GRANTS IN THE U.S.:</Identifier>
        <ReturnReference>PART I, LINE 2:</ReturnReference>
        <Explanation>SCHEDULE I, PART I, LINE 2: GRANT FUNDS DISTRIBUTED ARE NOT MONITORED AS THE RECIPIENTS HAVE MET THE ELIGIBILITY REQUIREMENTS TO RECEIVE THE GRANT AND ACCORDINGLY ALL FUNDS PAID TO AND RECEIVED BY THEM ARE UNRESTRICTED IN NATURE.</Explanation>
      </Form990ScheduleIPartIV>
    </IRS990ScheduleI>
    <IRS990ScheduleL documentId="RetDoc1042800001">
      <Form990ScheduleLPartIV>
        <NameOfInterestedPerson>
          <NamePerson>MR ARNOLD FISHER</NamePerson>
        </NameOfInterestedPerson>
        <Relationship>HONORARY BOARD CHAIRMAN AND PARTNER OF FISHER BROTHERS</Relationship>
        <AmountOfTransaction>143012</AmountOfTransaction>
        <DescriptionOfTransaction>CONSTRUCTION MANAGEMENT SERVICES FOR NICOE FACILITY PROVIDED BY PLAZA CONSTRUCTION, SUBSIDIARY OF FISHER BROTHERS;PLAZA CONSTRUCTION OPERATED BY STEVEN FISHER, NEPHEW OF ARNOLD FISHER, HONORARY BOARD CHAIRMAN.</DescriptionOfTransaction>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
      <Form990ScheduleLPartIV>
        <SharingOfRevenues>0</SharingOfRevenues>
      </Form990ScheduleLPartIV>
    </IRS990ScheduleL>
    <IRS990ScheduleM documentId="RetDoc1042900001">
      <OtherNonCashContributionsTable>
        <NonCashCheckbox>X</NonCashCheckbox>
        <Description>OFFICE SUPPLIES/EXP</Description>
        <NoncashContribsRptdF990>5791</NoncashContribsRptdF990>
        <MethodOfDeterminingRevenues>FMV</MethodOfDeterminingRevenues>
      </OtherNonCashContributionsTable>
      <NumberOf8283Received>0</NumberOf8283Received>
      <AnyPropertyThatMustBeHeld>0</AnyPropertyThatMustBeHeld>
      <ReviewProcessUnusualNCGifts>0</ReviewProcessUnusualNCGifts>
      <ThirdPartiesUsed>0</ThirdPartiesUsed>
    </IRS990ScheduleM>
    <IRS990ScheduleN documentId="RetDoc1043200001">
      <DispositionTable>
        <DescriptionOfAsset>CONSTRUCTION COSTS FOR NATIONAL INTREPID CENTER OF EXCELLENCE: A TRAUMATIC BRAIN INJURY RESEARCH, DIAGNOSIS AND TREATMENT FACILITY</DescriptionOfAsset>
        <DateOfDistribution>2010-06-24</DateOfDistribution>
        <FMVOfAsset>56425080</FMVOfAsset>
        <MethodOfFMVDetermination>COST</MethodOfFMVDetermination>
        <EIN>770706389</EIN>
        <NameBusiness>
          <BusinessNameLine1>NATIONAL NAVAL MEDICAL CENTER</BusinessNameLine1>
        </NameBusiness>
        <AddressUS>
          <AddressLine1>8901 WISCONSIN AVENUE</AddressLine1>
          <City>BETHESDA</City>
          <State>MD</State>
          <ZIPCode>208895600</ZIPCode>
        </AddressUS>
        <IRCSection>170(B)(1)(A)(V)</IRCSection>
      </DispositionTable>
      <DirectorOfSuccessor2>0</DirectorOfSuccessor2>
      <EmployeeOfSuccessor2>0</EmployeeOfSuccessor2>
      <OwnerOfSuccessor2>0</OwnerOfSuccessor2>
      <ReceiveCompensation2>0</ReceiveCompensation2>
    </IRS990ScheduleN>
    <IRS990ScheduleO documentId="RetDoc1044400001">
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION A, LINE 2</Identifier>
        <Explanation>ARNOLD FISHER THE HONORARY CHAIRMAN OF THE INTREPID FALLEN HEROES FUND AND MARTIN EDELMAN WHO IS A TRUSTEE OF THE INTREPID FALLEN HEROES FUND BOTH HAVE BUSINESS RELATIONSHIPS WITH THE INTREPID FALLEN HEROES FUND. FRANK FERTITTA WHO IS A TRUSTEE OF THE INTREPID FALLEN HEROES FUND HAS A FAMILY RELATIONSHIP WITH LORENZO FERTITTA WHO IS ALSO A TRUSTEE OF THE INTREPID FALLEN HEROES FUND.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>FORM 990, PART VI, SECTION B, LINE 11</Identifier>
        <Explanation>THE ORGANIZATION HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT'S SUBMITTED ELECTRONICALLY TO MEMBERS OF THE ORGANIZATION'S GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH ONE WEEK TO REVIEW THE PREPARED FORM 990 AND PROVIDE THEIR COMMENTS. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED TO THE COMPLIANCE OFFICER OR COMMITTEE IN CHARGE OF FILING THE RETURN FOR THEIR REVIEW. EACH ISSUE IS DOCUMENTED AND ADDRESSED UNTIL THE RETURN IS FINALIZED AND APPROVED FOR FILING.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 12C</ReturnReference>
        <Explanation>THE INTREPID FALLEN HEREOS FUND CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT ANNUALLY MONITORS AND ENFORCES. THE BOARD CURRENTLY MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. THE SIGNED CONFLICT OF INTEREST POLICY IS SUBMITTED TO THE CORPORATE COMPLIANCE OFFICER WHO REVIEWS THE SIGNED ATTESTATIONS FOR POTENTIAL OR ACTUAL CONFLICTS. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, THE CORPORATE COMPLIANCE OFFICER WILL NOTIFY MEMBER OF MANAGEMENT OR THE GOVERNING BODY ABOUT SUCH CONFLICT AND INVESTIGATE THE CONFLICT. THE RESULTS OF THE INVESTIGATION WILL BE SUMMARIZED AND DOCUMENTED BY THE CORPORATE COMPLIANCE OFFICER AND BE REPORTED TO THE GOVERNING BODY. IF THE CORPORATE COMPLIANCE OFFICER ESTABLISHES THAT AN ACTUAL CONFLICT EXISTS, THE MEMBER OF MANAGEMENT OR THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY AND WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THERE IS NO LONGER A CONFLICT.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION B, LINE 15</ReturnReference>
        <Explanation>THE INTREPID FALLEN HEREOS FUND HAS ESTABLISHED A WRITTEN COMPENSATION POLICY FOR THEIR BOARD TO FOLLOW IN ESTABLISHING THE COMPENSATION FOR THE CEO, EXECUTIVE DIRECTOR, TOP MANAGEMENT OFFICIAL, OTHER OFFICERS OR KEY EMPLOYEES. THE POLICY MANDATES THAT EXECUTIVE COMPENSATION BE PERIODICALLY REVIEWED BY THE BOARD AND THAT THE BOARD SHOULD BE FREE OF CONFLICTS OF INTEREST. IN ADDITION, THE BOARD REVIEWS APPROPRIATE AND ADEQUATE DATA TO DETERMINE THE REASONABLENESS OF COMPENSATION BEING CONSIDERED. THE BOARD USES A VARIETY OF INFORMATION AND STUDIES THAT ARE AVAILABLE TO DETERMINE THAT THE APPROPRIATE LEVEL OF COMPENSATION IS BEING PAID TO ITS EXECUTIVES. THE BOARD'S DECISION REGARDING THE AMOUNT OF COMPENSATION PAID MUST BE ADEQUATELY DOCUMENTED IN A CONTEMPORANEOUSLY WRITTEN FORMAT, DOCUMENTED WITH THE DATE OF THE DECISION, THE MEMBERS PRESENT DURING THE DECISION AND THOSE WHO VOTED ON IT, THE FULL TERMS OF THE TRANSACTION THAT WAS APPROVED AND THE COMPARABLE DATA USED AND RELIED UPON TO MAKE THE DECISION.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <ReturnReference>FORM 990, PART VI, SECTION C, LINE 19</ReturnReference>
        <Explanation>THE INTREPID FALLEN HEROES FUND MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED FOR UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY POSTING IT ON THEIR WEBSITE AS WELL AS GUIDESTAR.ORG AND OTHER SIMILAR WEBSITES. IN ADDITION FORMS 990 AS WELL AS THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON WRITTEN REQUEST.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>CHANGES IN NET ASSETS OR FUND BALANCES:</Identifier>
        <ReturnReference>FORM 990, PART XI, LINE 5:</ReturnReference>
        <Explanation>PRIOR PERIOD ADJUSTMENTS: 704,329.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>AUDIT REVIEW AND SUPERVISION PROCESS</Identifier>
        <ReturnReference>FROM 990, PART XII, LINE 2C</ReturnReference>
        <Explanation>THE ORGANIZATION HAS AN AUDIT COMMITTEE THAT IS COMPRISED OF MEMBERS OF THE BOARD OF TRUSTEES, THE FUND'S PRESIDENT AND CFO. THIS COMMITTEE REVIEWS ALL FINANCIAL REPORTS AND STATEMENTS, TAX RETURNS, AND AUDIT REPORTS THROUGHOUT THE FISCAL YEAR; SUPERVISE THE AUDIT PROCESS AND SELECTION OF THE INDEPENDENT AUDITOR. THIS PROCESS HAS NOT CHANGED FROM THE PRIOR FISCAL YEAR.</Explanation>
      </GeneralExplanation>
      <GeneralExplanation>
        <Identifier>SUMMARY OF ORGANIZATION'S MOST SIGNIFICANT ACTIVITIES</Identifier>
        <ReturnReference>FORM 990, PART 1, PAGE 1</ReturnReference>
        <Explanation>AN ASSOCIATED SCHOLARSHIP PROGRAM PROVIDED EDUCATIONAL SUPPORT TO MANY INDIVIDUALS. IN 2005 FEDERAL LEGISLATION SUBSTANTIALLY INCREASED THE BENEFITS GRANTED TO THESE FAMILIES. WITH THAT MISSION ACCOMPLISHED, THE FUND REDIRECTED ITS SUPPORT TOWARD THE SEVERELY INJURED. IN JANUARY 2007 THE FUND COMPLETED CONSTRUCTION OF THE CENTER FOR THE INTREPID, A $55 MILLION WORLD-CLASS STATE-OF-THE-ART PHYSICAL REHABILITATION CENTER AT BROOKE ARMY MEDICAL CENTER IN SAN ANTONIO, TEXAS. THE CENTER SERVES MILITARY PERSONNEL WHO HAVE BEEN CATASTROPHICALLY DISABLED IN OPERATIONS IN IRAQ AND AFGHANISTAN, AND VETERANS SEVERELY INJURED IN OTHER OPERATIONS AND IN THE NORMAL PERFORMANCE OF THEIR DUTIES. THE 60,000 SQUARE FOOT CENTER PROVIDES AMPLE SPACE AND FACILITIES FOR THE REHABILITATION NEEDS OF THE PATIENTS AND THEIR CAREGIVERS. IT INCLUDES MODERN PHYSICAL REHABILITATION EQUIPMENT AND EXTENSIVE INDOOR AND OUTDOOR FACILITIES. HUNDREDS OF SEVERELY INJURED MILITARY PERSONNEL, INCLUDING TROOPS WITH EXTENSIVE BURNS AND PERSONNEL WITH AMPUTATION OR MULTIPLE AMPUTATION INJURIES, HAVE BEEN TREATED AT THE CENTER. IN JUNE 2010 THE FUND COMPLETED CONSTRUCTION OF THE NATIONAL INTREPID CENTER OF EXCELLENCE (NICOE), A 72,000 SQUARE FOOT, TWO-STORY FACILITY LOCATED AT THE NEW WALTER REED NATIONAL MILITARY MEDICAL CENTER, IN BETHESDA, MARYLAND. THE CENTER IS FOCUSED ON TRAUMATIC BRAIN INJURY (TBI), A CRITICAL ISSUE FACED BY MANY WOUNDED SERVICE MEMBERS. NICOE IS FOCUSED ON RESEARCH, DIAGNOSIS AND TREATMENT FOR MILITARY PERSONNEL AND VETERANS WITH TBI AND POST TRAUMATIC STRESS (PTS), AFFLICTIONS AFFECTING TENS OF THOUSANDS OF MILITARY PERSONNEL AND VETERANS OF THE IRAQ AND AFGHANISTAN CONFLICTS. ADVANCES AT NICOE WILL ULTIMATELY LEAD TO DIAGNOSIS AND TREATMENTS THAT CAN BE APPLIED AT OTHER MEDICAL FACILITIES AND EVEN IN THE FIELD AT THE TIME OF INJURY. IN 2011 THE FUND EMBARKED ON ITS CURRENT EFFORT, CONSTRUCTING SEVERAL ADDITIONAL TBI CENTERS THAT WILL SERVE AS SATELLITES TO NICOE, TO BE LOCATED AT SOME OF THE LARGEST MILITARY DEPLOYMENT BASES AROUND THE COUNTRY. THESE CENTERS WILL EXTEND THE CARE CURRENTLY PROVIDED AT NICOE OUT TO THE HOME BASES OF MANY OF THE TROOPS SUFFERING THE EFFECTS OF TBI. DATA FROM THESE CENTERS WILL BE TRANSMITTED BACK TO NICOE AND AID IN ITS ONGOING RESEARCH PROGRAM, AND HELP TO IMPROVE DETECTION, DIAGNOSIS AND TREATMENT OF TBI, PTS AND RELATED AFFLICTIONS. THE FUND WILL ALSO PROVIDE SUPPORT FOR RESEARCH EFFORTS AT THESE FACILITIES.</Explanation>
      </GeneralExplanation>
    </IRS990ScheduleO>
  </ReturnData>
</Return>