Civic Intelligence

Famous Friends Inc

EIN 88-4408540 • 501(c)3 • Lexington, MA

990-N CoverageNTEE L12

Profile

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.

4 Adams StreetLexington, MA 02420

www.famousfriends.org

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$46,032

Up $2,251 (+5.1%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$46,032

Up $2,251 (+5.1%) from 2023

Operations

Revenue

Up

$45,776

Up $11,995 (+36%) from 2023

Expenses

Up

$33,465

Up $33,465 from 2023

Net Income

Down

$12,311

Down $21,470 (-64%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$60K$40K$20K$0Assets 2023: $43,781Liabilities 2023: $0Net Assets 2023: $43,7812023Assets 2024: $46,032Liabilities 2024: $0Net Assets 2024: $46,0322024

Highlighted filing

2024

Assets$46,032
Liabilities$0
Net Assets$46,032
Open 2024 Filing

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60K$40K$20K$0Revenue 2023: $33,781Expenses 2023: $0Net Income 2023: $33,7812023Revenue 2024: $45,776Expenses 2024: $33,465Net Income 2024: $12,3112024

Highlighted filing

2024

Revenue$45,776
Expenses$33,465
Net Income$12,311
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$46,032
Liabilities
$0
Net assets
$46,032
Revenue
$45,776
Expenses
$33,465
Net income
$12,311
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$46.0$0.00$46.0$45.8$33.5$12.3
2023Detailed filing. Detailed filing data is available for this year.$43.8$0.00$43.8$33.8$0.00$33.8
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 7, 2025
Return Version
2024v5.0
Gross Receipts
$45,776
Mission and Program Overview

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 Services

DescriptionGrantsExpenses
We helped five teachers and one firefighter become homeowners in 2024: https://www.famousfriends.org/success-stories$33,300$165
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Alexander PaynePresident And CEO-$0--
Mary PayneTreasurer-$0--
Phil KuntzSecretary-$0--
Filing and Contact Details

Filer

Filer Name
Famous Friends Inc
EIN
88-4408540
Phone
9738655483
Address
4 Adams Street, Lexington, MA 02420

Signing Officer

Name
Alexander Payne
Title
CEO
Phone
9738655483
Signed
2025-04-07
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 10

“$3,500.00 sent 1/30/2024 to Alexis Gardner for: Mortgage downpayment grant to teacher in Alabama. $3,300.00 sent 5/28/2024 to Krysten Hill for: Mortgage downpayment grant to teacher in Alabama. $5,000.00 sent 7/17/2024 to Sade Morris for: Mortgage downpayment grant to teacher in Arizona. $6,500.00 sent 8/8/2024 to Nicholas Woodfork for: Mortgage downpayment grant to teacher in Arkansas. $10,000.00 sent 9/30/2024 to Jamaul Jerido for: Mortgage downpayment grant to firefighter in New Jersey. $5,000.00 sent 10/11/2024 to Breonna Ramos for: Mortgage downpayment grant to teacher in Arkansas.”

Form 990-EZ, Part I, Line 16

“Wire fees charged by TD Bank for six outgoing wires.”

Raw XML Appendix230 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0$3,500.00 sent 1/30/2024 to Alexis Gardner for: Mortgage downpayment grant to teacher in Alabama. $3,300.00 sent 5/28/2024 to Krysten Hill for: Mortgage downpayment grant to teacher in Alabama. $5,000.00 sent 7/17/2024 to Sade Morris for: Mortgage downpayment grant to teacher in Arizona. $6,500.00 sent 8/8/2024 to Nicholas Woodfork for: Mortgage downpayment grant to teacher in Arkansas. $10,000.00 sent 9/30/2024 to Jamaul Jerido for: Mortgage downpayment grant to firefighter in New Jersey. $5,000.00 sent 10/11/2024 to Breonna Ramos for: Mortgage downpayment grant to teacher in Arkansas.
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IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 10
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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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ReturnHeader/TaxPeriodEndDt02024-12-31
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