Gandy Family Foundation

Mooresville, NC
Tax-exempt since Dec. 1997
EIN: 56-2056507

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Scholarships, Student Financial Aid Services, Awards (NTEE)

Donations to this organization are tax deductible.

Revenue

$20.7k (2025)

Expenses

$86k (2025)

Total Assets

$293k (2025)

Total Liabilities

$0 (2025)

Source: Form 990 tax filings from 2012 to 2025

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending July
2025

Revenue

$20,678

Expenses

$85,999

Net Income

-$65,321

Net Assets

$292,624

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8	0.0%
Dividends	$2,119	10.2%
Sales of Assets	$18,551	89.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$85,000	98.8%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$292,624
Total Liabilities	$0
Net Assets	$292,624

Compensation

Key Employees and Officers	Compensation	Other
Quinton M Gandy (Director)	$0	$0
Phil M Gandy Jr (Director)	$0	$0
Karen G Gandy (Secretary)	$0	$0

990-PF

Filed on Dec. 3, 2025

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

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Fiscal Year Ending July
2024

Revenue

$18,282

Expenses

$43,084

Net Income

-$24,802

Net Assets

$353,310

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$39	0.2%
Dividends	$2,860	15.6%
Sales of Assets	$14,092	77.1%
Other Income	$1,291	7.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$42,000	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$353,310
Total Liabilities	$0
Net Assets	$353,310

Compensation

Key Employees and Officers	Compensation	Other
Quinton M Gandy (Director)	$0	$0
Phil M Gandy Jr (Director)	$0	$0
Karen G Gandy (Secretary)	$0	$0

990-PF

Filed on Nov. 18, 2024

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending July
2023

Revenue

$188,020

Expenses

$2,716

Net Income

$185,304

Net Assets

$359,752

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$160,000	85.1%
Interest Revenue	$19	0.0%
Dividends	$8,878	4.7%
Sales of Assets	$16,967	9.0%
Other Income	$2,156	1.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$2,000	73.6%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$359,752
Total Liabilities	$0
Net Assets	$359,752

Compensation

Key Employees and Officers	Compensation	Other
Quinton M Gandy (Director)	$0	$0
Phil M Gandy Jr (Director)	$0	$0
Karen G Gandy (Secretary)	$0	$0

990-PF

Filed on Nov. 1, 2023

Primary tax return for a private foundation's activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending July
2022

Revenue

$11,975

Expenses

$785

Net Income

$11,190

Net Assets

$178,390

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,073	17.3%
Sales of Assets	$9,902	82.7%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$178,390
Total Liabilities	$0
Net Assets	$178,390

Compensation

Key Employees and Officers	Compensation	Other
Quinton M Gandy (Director)	$0	$0
Phil M Gandy Jr (Director)	$0	$0
Karen G Gandy (Secretary)	$0	$0

990-PF

Filed on Nov. 7, 2022

Primary tax return for a private foundation's activities, finances, and governance

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PDF XML

Fiscal Year Ending July
2021

Revenue

$11,645

Expenses

$7,715

Net Income

$3,930

Net Assets

$189,773

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,094	9.4%
Sales of Assets	$10,551	90.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$7,000	90.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$189,774
Total Liabilities	$1
Net Assets	$189,773

Compensation

Key Employees and Officers	Compensation	Other
Quinton M Gandy (Director)	$0	$0
Phil M Gandy Jr (Director)	$0	$0
Karen G Gandy (Secretary)	$0	$0

990-PF

Filed on Nov. 30, 2021

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending July
2020

Revenue

$9,686

Expenses

$24,677

Net Income

-$14,991

Net Assets

$165,297

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,428	25.1%
Sales of Assets	$7,258	74.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$24,000	97.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$165,298
Total Liabilities	$1
Net Assets	$165,297

Compensation

Key Employees and Officers	Compensation	Other
Quinton M Gandy (Director)	$0	$0
Phil M Gandy Jr (Director)	$0	$0
Karen G Gandy (Secretary)	$0	$0

990-PF

Filed on Nov. 16, 2020

Primary tax return for a private foundation's activities, finances, and governance

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XML

Fiscal Year Ending July
2019

Revenue

$2,603

Expenses

$9,682

Net Income

-$7,079

Net Assets

$183,058

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,637	62.9%
Sales of Assets	$966	37.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$9,000	93.0%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$183,058
Total Liabilities	$0
Net Assets	$183,058

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending July
2018

Revenue

$67,841

Expenses

$4,153

Net Income

$63,688

Net Assets

$184,837

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$65,000	95.8%
Interest Revenue	$0
Dividends	$906	1.3%
Sales of Assets	$1,935	2.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,000	72.2%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$184,837
Total Liabilities	$0
Net Assets	$184,837

Compensation

Key Employees and Officers	Compensation	Other
Quinton M Gandy (Director)	$0	$0
Phil M Gandy Jr (Director)	$0	$0
Karen G Gandy (Secretary)	$0	$0

990-PF

Filed on Oct. 25, 2018

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending July
2017

Revenue

$2,751

Expenses

$5,144

Net Income

-$2,393

Net Assets

$119,866

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,470	53.4%
Sales of Assets	$1,281	46.6%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,000	58.3%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$119,866
Total Liabilities	$0
Net Assets	$119,866

Compensation

Key Employees and Officers	Compensation	Other
Quinton M Gandy (Director)	$0	$0
Phil M Gandy Jr (Director)	$0	$0
Karen G Gandy (Secretary)	$0	$0

990-PF

Filed on Oct. 3, 2017

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending July
2016

Revenue

$1,443

Expenses

$1,869

Net Income

-$426

Net Assets

$114,616

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,297	> 100%
Sales of Assets	-$854
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$0
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$114,616
Total Liabilities	$0
Net Assets	$114,616

Compensation

Key Employees and Officers	Compensation	Other
Quinton M Gandy (Director)	$0	$0
Phil M Gandy Jr (Director)	$0	$0
Karen G Gandy (Secretary)	$0	$0

990-PF

Filed on Nov. 28, 2016

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending July
2015

Revenue

$3,970

Expenses

$9,626

Net Income

-$5,656

Net Assets

$121,642

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,213	30.6%
Sales of Assets	$2,757	69.4%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$8,000	83.1%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$121,642
Total Liabilities	$0
Net Assets	$121,642

Compensation

Key Employees and Officers	Compensation	Other
Quinton Gandy (Director)	$0	$0
Phil Gandy Jr (Director)	$0	$0

990-PF

Filed on Dec. 3, 2015

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending July
2014

Revenue

$28,369

Expenses

$77,109

Net Income

-$48,740

Net Assets

$124,598

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$7,116	25.1%
Sales of Assets	$21,253	74.9%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$75,500	97.9%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$124,598
Total Liabilities	$0
Net Assets	$124,598

Compensation

Key Employees and Officers	Compensation	Other
Quinton Gandy (Director)	$0	$0
Phil Gandy Jr (Director)	$0	$0

990-PF

Filed on Dec. 15, 2014

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending July
2013

Revenue

$142,521

Expenses

$39,785

Net Income

$102,736

Net Assets

$193,658

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$140,695	98.7%
Interest Revenue	$0
Dividends	$237	0.2%
Sales of Assets	$1,589	1.1%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$38,800	97.5%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$193,659
Total Liabilities	$1
Net Assets	$193,658

990-PF

Filed on Dec. 31, 2013

Primary tax return for a private foundation's activities, finances, and governance

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Fiscal Year Ending July
2012

Revenue

$272

Expenses

$1,933

Net Income

-$1,661

Net Assets

$68,790

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$160	58.8%
Sales of Assets	$112	41.2%
Other Income	$0

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,000	51.7%
Compensation of Officers*	$0
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$68,791
Total Liabilities	$1
Net Assets	$68,790

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending July
2011

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Fiscal Year Ending July
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending July
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

Primary tax return for a private foundation's activities, finances, and governance

PDF

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Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

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Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

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Gandy Family Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $20.7k (2025)

Expenses $86k (2025)

Total Assets $293k (2025)

Total Liabilities $0 (2025)

Tax Filings by Year

Fiscal Year Ending July 2025

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2024

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending July 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending July 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Revenue

$20.7k (2025)

Expenses

$86k (2025)

Total Assets

$293k (2025)

Total Liabilities

$0 (2025)

Fiscal Year Ending July
2025

Fiscal Year Ending July
2024

Fiscal Year Ending July
2023

Fiscal Year Ending July
2022

Fiscal Year Ending July
2021

Fiscal Year Ending July
2020

Fiscal Year Ending July
2019

Fiscal Year Ending July
2018

Fiscal Year Ending July
2017

Fiscal Year Ending July
2016

Fiscal Year Ending July
2015

Fiscal Year Ending July
2014

Fiscal Year Ending July
2013

Fiscal Year Ending July
2012

Fiscal Year Ending July
2011

Fiscal Year Ending July
2010

Fiscal Year Ending July
2009

Fiscal Year Ending July
2008

Fiscal Year Ending July
2007

Fiscal Year Ending July
2006

Fiscal Year Ending July
2005

Fiscal Year Ending July
2004

Fiscal Year Ending July
2003

Fiscal Year Ending July
2002