Compensation 990

Granite State Economic Development Corp.

Fiscal year ending 2024. Filed on December 20, 2024.

1 Cate St 3rd Floor
Portsmouth, New Hampshire 03801

Granite State Economic Development Corp. (EIN: 02-0385121) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Granite State Economic Development Corp., a 501(c)(4) civic league or social welfare organization, reported compensation for 19 out of 29 total employees. Among the employees shown here, the average compensation is $275,910. The highest compensated employee at Granite State Economic Development Corp. is Steve Aldrich with fiscal year 2024 compensation of $567,512.

Revenue, expenses, and employee compensation

Revenue

$10,340,764

Expenses

$8,048,792

Employee compensation

$6,161,535
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

＋22.2%vs 2023
Steve Aldrich
President
$567,512
$422,250 from orgNo related comp$145,262 other
＋25.5%vs 2023
Fred Palazzolo
Senior Vice President
$525,670
$387,025 from orgNo related comp$138,645 other
＋0.2%vs 2023
Sean Fitzgerald
Vice President
$398,100
$300,400 from orgNo related comp$97,700 other
－19.5%vs 2023
Scott Gardiner
Former Employee
$385,251
$359,132 from orgNo related comp$26,119 other
－14.0%vs 2023
Paul Collins
Vice President
$341,475
$280,225 from orgNo related comp$61,250 other
－4.6%vs 2023
Matthew Collins
Vice President
$286,180
$235,400 from orgNo related comp$50,780 other
＋12.1%vs 2023
Pam Bailey
Vice President
$286,030
$225,200 from orgNo related comp$60,830 other
＋0.7%vs 2023
Barbara Arena
Vice President
$269,537
$208,100 from orgNo related comp$61,437 other
＋25.6%vs 2023
Robin Lapointe
Vice President
$263,710
$209,300 from orgNo related comp$54,410 other
－5.2%vs 2023
Ethan Swain
Vice President
$249,163
$190,200 from orgNo related comp$58,963 other
＋6.8%vs 2023
Carissa Murray
Vice President
$232,884
$175,083 from orgNo related comp$57,801 other
－7.6%vs 2023
Tracy Gaylord
Vice President
$231,100
$190,200 from orgNo related comp$40,900 other

Non-Employee Board Members

Birgit Christiansen
Director
Carolyn Cloutier
Director
David Gompers
Director
Jeff Angers
Director
Mary Driscoll
Director
Nancy Carmer
Director
Paul Bergeron
Director
William Powers
Director

Mission Statement

TO CREATE ECONOMIC DEVELOPMENT BY ASSISTING BUSINESSES TO ACQUIRE SBA 504 FINANCING TO EXPAND THEIR BUSINESSES BY ACQUIRING, RENOVATING OR CONSTRUCTING REAL ESTATE AND/OR ACQUIRING MACHINERY & EQUIPMENT. THE EXPANDED BUSINESSES LEAD TO THE CREATION AND/OR RETENTION OF JOBS.

Revisions to this organization profile

December 20, 2024:
2024 Granite State Economic Development Corp. 990 filed
January 23, 2024:
2023 Granite State Economic Development Corp. 990 filed
January 12, 2023:
2022 Granite State Economic Development Corp. 990 filed

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