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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 2023. Filed on February 13, 2024.

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 2023 IRS Form 990 filing, Granite Edvance Corporation, a 501(c)(3) charitable organization, reported compensation for 9 out of 147 total employees. Among the employees shown here, the average compensation is $231,896. The highest compensated employee at Granite Edvance Corporation is Christiana Thornton with fiscal year 2023 compensation of $517,391. Granite Edvance Corporation changed its name from New Hampshire Higher Education Loan Corporation in 2023.

Revenue, expenses, and employee compensation

Revenue

$61,725,667

Expenses

$60,413,588

Employee compensation

$10,962,701
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Christiana Thornton
President and Chief Executive Officer
$517,391
$477,520 No related comp$39,871
Scott Rogers
Vice President and Chief Financial Officer
$239,310
$208,482 No related comp$30,828
John Flanders
Vice President and Chief Strategy/Lending Officer
$225,472
$191,237 No related comp$34,235
Ann Marie Thomas
Vice President and Chief Risk Officer (End 7/2023)
$224,835
$210,079 No related comp$14,756
Erik Sobel
Vice President, Information Services
$200,082
$181,746 No related comp$18,336
Danielle Barrick
Vice President Communications and External Affairs
$189,233
$158,734 No related comp$30,499
Daniel Coughlan
Vice President Capital Markets/Asset Management
$169,385
$138,509 No related comp$30,876
Carlton Lewis
Software Development Architect
$162,417
$137,213 No related comp$25,204
Kathy-Ann Maguire
Vice President, Human Resources
$158,943
$134,030 No related comp$24,913

Benchmark Employee Compensation

Non-Employee Board Members

Carol Houle
Trustee
Chuck Lloyd
Trustee
Debra Miller
Vice Chair (End 9/2023); Trustee
Gordon Koff
Trustee
Hans Olson
Trustee
Jamie Burnett
Secretary
Paul Provost
Trustee; Vice Chair (Start 9/2023)
Peter Burger
Trustee
Rick Elwell
Treasurer
Sandy Tracy
Trustee
Susan Hollinger
Trustee (End 9/2023)
Susan Huard
Chair

Contractors

Nelnet Servicing LLC
Loan Servicing
$6,629,746
Credible Labs Inc
Loan Marketing
$3,501,091
Campus Door Holdings Inc
Loan Processing
$1,452,322
Spinnaker Consulting Group LLC
Consulting
$503,709
Saltwater Collective
Marketing
$422,365

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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