Intrepid Fallen Heroes Fund EIN 20-0366717 Form 990 (PDF) Claim this org

Intrepid Fallen Heroes Fund

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Supports service members and their families through various programs. For fiscal year 2025 it reported $5.9M in revenue, $15.8M in expenses, and $7.9M in net assets.Pt I

Founded
2003
Type
Public foundation / grantmaker · Foundations & Grantmakers
Location
New York, NY
Website
www.fallenheroesfund.org
Filings
6 on file (2020–2025)
Revenue
$5.9MFY2025
Expenses
$15.8M
Net assets
$7.9M
People
14
Filings
6
Updates
0
More identity details & actions ⌄
EIN  20-0366717 Public foundation / grantmaker New York, NY Founded 2003
Form 990 (PDF)
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Figures match the IRS filing checked 8/20/26 · see original: IRS
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Size
$1–10M
What they do
Supports service members and their families through various programs.
Leadership
David a Winters-See Schedule O · President · $138K
Money in and out
$5.9M revenue, $15.8M expenses
Bottom line
95% program efficiency
Grants paid & assets · FY2025
Total revenue
$5.9M
Pt VIII · Ln 12
Total expenses
$15.8M
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$9.9M
Where spending went · Part IX cols B–D
Program services $0.95 Management & general $0.03 Fundraising $0.02
Program efficiency
95%
of spending reaches programs▲ +222% vs prior filing year
Operating runway
6.0mo
months of highly liquid reserves at operating expense rate▼ -93% vs prior filing year
Surplus margin
-169%
revenue over expenses, this year▼ -302% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$5.9M
FY2025▼ -15%
Expenses
$15.8M
FY2025▲ ×14
Total assets
$8.1M
FY2025▼ -57%
Total liabilities
$158K
FY2025▼ -83%
Total revenue
$5.9M
Pt VIII · Ln 12
Total expenses
$15.8M
Pt IX · Ln 25
Net assets
$7.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$9.9M
Total assetsPt X · Ln 16$8.1M
Program-expense ratioPt IX · col B95%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 47
Mission & Programs · Part III

Where the work happens

2 program services account for $15.0M of program spending, described in the organization's own filed words · FY2024.
01

Intrepid Centers Enduring Support Program

The intrepid fallen heroes fund (ifhf) is leading the effort to support service members suffering the terrible effects of traumatic brain injury (tbi), post-traumatic stress (PTS), and other severe injuries, which afflict hundreds of thousands of military personnel.

$15.0Mprogram expense
02

Other Program Services

In december 2024, 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.

$10Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CIntrepid Fallen Heroes Fund
EINHdr · item D20-0366717
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jwww.fallenheroesfund.org
Year of formationHdr · item L2003
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T50)
Ruling yearIRS BMFJan 2004

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$138,253Pt VII · Sec A
Finance Officer
$130,899Pt VII · Sec A
Creative Director
$101,409Pt VII · Sec A
$38,769Pt VII · Sec A
Director Thru Aug 2024
$0Pt VII · Sec A
$0Pt VII · Sec A
Director Thru Jan 2025
$0Pt VII · Sec A
$0Pt VII · Sec A

David a Winters-See Schedule O’s $138K as President is at the 58th percentile of top reported officer pay among 1688 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 6 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
David a Winters-See Schedule O$138,253$133,325$162,176$134,140$146,573$153,551
Thomas J Alletto CFO$56,157$138,255
Thomas J Alletto$133,308$137,754
Edyta Piatek$130,899$104,673$93,874
Matthew Krause$101,409
Lisa Yaconiello-See Schedule O$38,769$37,252$52,952$41,158$52,233$51,423

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Intrepid Fallen Heroes Fund executive salaries →

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Statement of Revenue

Part VIII
Contributions & grants$5.6M · 95%
Investment income$295K · 5%
Contributions & grants95%$5.6M
Investment income5%$295K
Total revenueLn 12$5.9M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.95 Management & general $0.03 Fundraising $0.02
Program services95%$15.0M
Management & general3%$466K
Fundraising2%$374K
Total functional expensesLn 25$15.8M

Balance Sheet

Part X · end of year
CashLn 1$7.9M
Total assetsLn 16$8.1M
Total liabilitiesLn 26$158K
Total net assetsLn 32$7.9M
Months of cash on handcomputed6.0

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $7.9M · Operating expenses (Pt IX) $15.8M · Less non-cash grants $75K · Cash operating expenses/yr $15.7M
6.0 months
Where the money goes
Program services
Program services $15.0M · Total expenses $15.8M
95%
Management & General
Management & general $466K · Total expenses $15.8M
3%
Fundraising
Fundraising $374K · Total expenses $15.8M
2%
Cost to raise $1
Fundraising expense (3-yr avg) $304K · Solicited contributions (3-yr avg) $5.8M
$0.05 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $5.6M · Total revenue $5.9M
95%
Government reliance
Government grants — · Total revenue $5.9M
Earned-income share
Program service revenue $0 · Total revenue $5.9M
0%
Investment reliance
Investment income $295K · Total revenue $5.9M
+5%
Program self-sufficiency
Program service revenue $0 · Total expenses $15.8M
0%
Growth & trend
Revenue growth (YoY)
This year $5.9M · Prior year $6.9M
-15%
Revenue CAGR
FY2019 $8.1M · FY2024 $5.9M
-6%
Net-asset trend (YoY)
End of year $7.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $5.9M · Expenses $15.8M
-169%
Liabilities-to-Assets
Total liabilities — · Total assets $8.1M
Net-asset ratio
Net assets $7.9M · Total assets $8.1M
98%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David a Winters-See Schedule O · Reported title PRESIDENT · Highest reported compensation $138K · Total expenses $15.8M
0.9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $816K · Total expenses $15.8M
5%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 95%
Overhead ratio 3%
Fundraising cost ratio 7%
Revenue growth -15%
Legal fee ratio 0.04%
Accounting fee ratio 0.3%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 2 funders$583K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$5.9M revenue · viewing · ⤓ 990 PDF
FY2024$6.9M revenue · ⤓ 990 PDF
FY2023$5.2M revenue · ⤓ 990 PDF
FY2022$6.8M revenue · ⤓ 990 PDF
FY2021$7.7M revenue · ⤓ 990 PDF
FY2020$8.1M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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