The Intrepid Fallen Heroes Fund

“Winston fisher, a director of the intrepid fallen heroes fund, and martin edelman, a director of the intrepid fallen heroes fund, have business relationships with one another.”

“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 and approved by the audit committee and is ready to be filed with the internal revenue service, it is submitted electronically to members of the organization's governing body for comments prior to its submission. The governing body is provided with adequate time to review the prepared form 990 and provide comments. Any comments are then grouped, summarized and provided to the president and finance officer for their review. Each issue is documented and addressed until the return is finalized and approved for filing.”

“The intrepid fallen heroes fund currently has in place a conflict of interest policy that applies to any director, principal officer, or member of a committee with governing board delegated powers, which it annually monitors and enforces. The board of directors currently mandates that all members of the governing body and officers annually sign a conflict of interest policy form and disclose any potential or actual conflicts that may exist. If a potential or actual conflict of interest exists, the interested person must disclose the existence and nature of his or her financial interest to the board of directors. After discussion with the interested person, he/she must leave the board or committee meeting while the financial interest and its determination as a conflict of interest is discussed and voted upon by the board or committee. The remaining board or committee members must decide if a conflict of interest exists. The decision as to whether a conflict of interest exists, as well as the content of the discussion, including any alternatives to the proposed transaction or arrangement and votes relating to it, are documented in the minutes of the board.”

“The organization's president and vp/secretary are compensated by an affiliated but unrelated tax-exempt organization with which ifhf has a shared employee arrangement. The board of the affiliated organization used a compensation determination process which included comparability data, board approval, and contemporaneous documentation to determine the compensation of the president. The organization has a process for determining the compensation of the finance officer which includes a performance evaluation and compensation studies and other comparable data from similar organizations. A compensation recommendation is made by the president of the organization to the board of directors for approval. The board's decision is documented in the minutes of the meeting. The process was last undertaken in fiscal year 2024.”

“The intrepid fallen heroes fund makes its form 990 available for public inspection as required 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 governing documents are available upon written request.”

“Provision for uncollectible pledges -4,318.”

“The organization has an audit committee that is comprised of members of the organization's board of directors, including the organization's president, as well as the organization's financial officer. This committee reviews all financial reports and statements, form 990s, and audit reports. They are responsible for the supervision of the audit process and the selection of an independent accountant. The process has not changed from the prior year.”