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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Education Granite Edvance Corporation

Granite Edvance Corporation

Fiscal year ending 2024. Filed on February 13, 2025.

3 Barrell Court
Concord, New Hampshire 03302

Granite Edvance Corporation (EIN: 02-0368776) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Granite Edvance Corporation, a 501(c)(3) charitable organization, reported compensation for 10 out of 106 total employees. Among the employees shown here, the average compensation is $240,112. The highest compensated employee at Granite Edvance Corporation is Christiana Thornton with fiscal year 2024 compensation of $535,431. Granite Edvance Corporation changed its name from New Hampshire Higher Education Loan Corporation in 2023.

Revenue, expenses, and employee compensation

Revenue

$63,939,847

Expenses

$60,059,105

Employee compensation

$7,754,093
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Christiana Thornton
President and Chief Executive Officer
$535,431
$489,876 No related comp$45,555
Scott Rogers
Vice President and Chief Financial Officer
$301,026
$262,773 No related comp$38,253
Ann Marie Thomas
Former Vice President and Chief Risk Officer
$248,700
$237,021 No related comp$11,679
John Flanders
Vice President and Chief Strategy/Lending Officer
$244,794
$206,414 No related comp$38,380
Erik Sobel
Vice President, Information Services
$212,549
$188,316 No related comp$24,233
Danielle Barrick
Vice President Communications and External Affairs
$195,138
$183,368 No related comp$11,770
Kathy-Ann Maguire
Vice President, Human Resources
$175,965
$142,091 No related comp$33,874
Robert Woodburn
AVP, Business Systems (End 9/2023)
$174,509
$154,110 No related comp$20,399
Daniel Coughlan
Vice President Capital Markets/Asset Management
$171,618
$143,687 No related comp$27,931
Blessing Chimwanda
Gen. Counsel/Chief Compliance Off.
$141,393
$139,805 No related comp$1,588

Benchmark Employee Compensation

Non-Employee Board Members

Carol Houle
Treasurer (Start 9/2024); Trustee
Chuck Lloyd
Trustee
Debra Miller
Trustee
Gordon Koff
Vice Chair (Start 9/2024); Trustee
Hans Olson
Trustee
Jamie Burnett
Secretary; Trustee
Mb Lufkin
Trustee (Start 9/2024)
Paul Provost
Vice Chair (End 9/2024); Trustee
Peter Burger
Trustee
Rick Elwell
Treasurer (End 9/2024); Trustee
Sandy Tracy
Trustee
Susan Huard
Chair; Trustee

Contractors

Nelnet Servicing LLC
Loan Servicing
$2,347,227
Credible Labs Inc
Loan Marketing
$1,204,508
Campus Door Holdings Inc
Loan Processing
$654,815
Saltwater Collective
Marketing
$362,787
Kutak Rock LLP
Legal
$275,000

Mission Statement

To support New Hampshire students and families in navigating their education and career pathways.

Revisions to this organization profile

February 13, 2025:
2024 Granite Edvance Corporation 990 filed
February 13, 2024:
2023 Granite Edvance Corporation 990 filed
February 15, 2023:
2022 Granite Edvance Corporation 990 filed

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