Nonprofit · EIN 56-2056507
GANDY FAMILY FOUNDATION
Tax-exempt · MOORESVILLE, NC 28117
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| July 31, 2025 | 990-PF | $20,678 | $85,999 | -$65,321 | $292,624 | $0 | $292,624 |
| July 31, 2024 | 990-PF | $18,282 | $43,084 | -$24,802 | $353,310 | $0 | $353,310 |
Financial details: 990-PF for the year ended July 31, 2025
Revenue
- Dividends
- $2,119
- Interest
- $8
- Net gain from sales of assets
- $18,551
Expenses
- Grants and similar amounts paid
- $85,000
- Disbursements for charitable purposes
- $85,000
- Excise tax on investment income
- $308
Balance sheet and other
- Total assets, start of year
- $353,310
- Total assets, end of year
- $292,624
- Total liabilities, end of year
- $0
- Net assets, end of year
- $292,624
- Fair market value of assets
- $741
- Qualifying distributions
- $85,000
- Net investment income
- $22,151
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-PF for the year ended July 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| QUINTON M GANDY P O BOX 3573, MOORESVILLE, NC 28117 | DIRECTOR | 0 | $0 |
| PHIL M GANDY JR P O BOX 2326, CORNELIUS, NC 28031 | DIRECTOR | 0 | $0 |
| KAREN G GANDY P O BOX 3573, MOORESVILLE, NC 28117 | SECRETARY | 0 | $0 |
990-PF for the year ended July 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| QUINTON M GANDY P O BOX 3573, MOORESVILLE, NC 28117 | DIRECTOR | 0 | $0 |
| PHIL M GANDY JR P O BOX 2326, CORNELIUS, NC 28031 | DIRECTOR | 0 | $0 |
| KAREN G GANDY P O BOX 3573, MOORESVILLE, NC 28117 | SECRETARY | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 3573, MOORESVILLE, NC 28117-3573
- In care of
- % KAREN GANDY
- Signed the 990-PF
- KAREN G GANDY, SECRETARY
- Phone
- (704) 953-0149
- Return prepared by
- REH CPA PLLC
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in July, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | July 31, 2026 | December 15, 2026 | Not due yet |
| 2024 | July 31, 2025 | December 15, 2025 | 990-PF on file |
| 2023 | July 31, 2024 | December 16, 2024 | 990-PF on file |
IRS record
- EIN
- 56-2056507
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1997
- Accounting year ends
- July
- Files
- Form 990-PF
- Category (NTEE)
- Education (B82Z)
- Assets (IRS master file)
- $292,624
- Income (IRS master file)
- $102,127
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | July 2025 | $20,678 | $85,999 | $292,624 | XML |
| 990-PF | July 2024 | $18,282 | $43,084 | $353,310 | XML |
| 990-PF | July 2023 | – | – | – | IRS |
| 990-PF | July 2022 | – | – | – | IRS |
| 990-PF | July 2021 | – | – | – | IRS |
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 56-2056507).
Questions about GANDY FAMILY FOUNDATION
- What is the EIN of GANDY FAMILY FOUNDATION?
- The employer identification number (EIN) of GANDY FAMILY FOUNDATION is 56-2056507.
- Is GANDY FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1997.
- Are donations to GANDY FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does GANDY FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of GANDY FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending July 31, 2026) is due December 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did GANDY FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended July 2025.
- Who are the officers and directors of GANDY FAMILY FOUNDATION?
- The 990-PF for the year ended July 31, 2025 lists 3 people; 0 received compensation from the organization.
- How much revenue does GANDY FAMILY FOUNDATION have?
- On its 990-PF for the year ended July 31, 2025 it reported revenue of $20,678, expenses of $85,999 and total assets of $292,624 at year end.
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