Nonprofit · EIN 88-4408540
FAMOUS FRIENDS INC
Tax-exempt · LEXINGTON, MA 02420
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $63,793 | $28,340 | $35,453 | $81,485 | $0 | $81,485 |
| December 31, 2024 | 990-EZ | $45,776 | $33,465 | $12,311 | $46,032 | $0 | $46,032 |
| December 31, 2023 | 990-EZ (amended) | $33,781 | $10,060 | $23,721 | $33,721 | $0 | $33,721 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $62,409
- Program service revenue
- $0
- Investment income
- $1,384
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $28,000
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Other expenses
- $340
- Program services (functional)
- $340
Balance sheet and other
- Total assets, start of year
- $46,032
- Total assets, end of year
- $81,485
- Total liabilities, end of year
- $0
- Net assets, end of year
- $81,485
- Cash, savings and investments
- $81,485
- Gross receipts
- $63,793
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alexander Payne | President and CEO | 2 | $0 |
| Mary Payne | Treasurer | 1 | $0 |
| Phil Kuntz | Secretary | 0 | $0 |
990-EZ for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alexander Payne | President and CEO | 2 | $0 |
| Mary Payne | Treasurer | 1 | $0 |
| Phil Kuntz | Secretary | 0 | $0 |
990-EZ for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alexander Payne | President and CEO | 2 | $0 |
| Mary Payne | Treasurer | 1 | $0 |
| Phil Kuntz | Secretary | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 4 ADAMS ST, LEXINGTON, MA 02420-1802
- Mailing address (990-N for 2022)
- 4 Adams Street, Lexington MA 02420
- Principal officer (990-N for 2022)
- Alexander Payne, 4 Adams Street, Lexington MA 02420
- Signed the 990-EZ
- Alexander Payne, CEO
- Phone
- (973) 865-5483
- Website
- www.famousfriends.org
Mission
OUR MISSION Everyone in town knows the teacher who inspires us, the nurse who cares for us, the police officer who makes us feel safe. They are the foundation of a vibrant community and to us, they are famous. There's just one problem though: these famous friends aren't guaranteed to stick around forever. Many are renters that lack the savings to purchase a home in town and plant roots. At Famous Friends it is our mission to remove this obstacle to homeownership by providing down payment grants to first-time homebuyers who serve in rural and urban communities that need them the most.
Program accomplishments
- We helped six hometown heroes become homeowners in 2025: https://www.famousfriends.org/success-storiesExpenses $340 · grants $28,000
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 88-4408540
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2023
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L12)
- Assets (IRS master file)
- $81,485
- Income (IRS master file)
- $63,793
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $63,793 | $28,340 | $81,485 | XML |
| 990-EZ | December 2024 | $45,776 | $33,465 | $46,032 | XML |
| 990-EZ | December 2023 | $33,781 | $10,060 | $33,721 | XML |
| 990-N for 2022 Officer: Alexander Payne | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 88-4408540).
Questions about FAMOUS FRIENDS INC
- What is the EIN of FAMOUS FRIENDS INC?
- The employer identification number (EIN) of FAMOUS FRIENDS INC is 88-4408540.
- Is FAMOUS FRIENDS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2023.
- Are donations to FAMOUS FRIENDS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FAMOUS FRIENDS INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of FAMOUS FRIENDS INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FAMOUS FRIENDS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of FAMOUS FRIENDS INC?
- The 990-N for 2022 names Alexander Payne.
- Who are the officers and directors of FAMOUS FRIENDS INC?
- The 990-EZ for the year ended December 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does FAMOUS FRIENDS INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $63,793, expenses of $28,340 and total assets of $81,485 at year end.
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All nonprofits in LEXINGTON · Massachusetts · Housing and shelter