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Organizations Granite State Economic Development Corp.

Granite State Economic Development Corp.

Fiscal year ending 2021. Filed on January 11, 2022.

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 2021 IRS Form 990 filing, Granite State Economic Development Corp., a 501(c)(4) civic league or social welfare organization, reported compensation for 16 out of 27 total employees. Among the employees shown here, the average compensation is $290,089. The highest compensated employee at Granite State Economic Development Corp. is Scott Gardiner with fiscal year 2021 compensation of $638,945.

Revenue, expenses, and employee compensation

Revenue

$8,490,833

Expenses

$8,057,754

Employee compensation

$6,457,907
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Scott Gardiner
President
$638,945
$382,945 No related comp$256,000
Steve Aldrich
Executive Vice President
$582,929
$365,173 No related comp$217,756
Fred Palazzolo
Senior Vice President
$442,444
$304,747 No related comp$137,697
Sean Fitzgerald
Vice President
$381,008
$295,500 No related comp$85,508
Paul Collins
Vice President
$299,452
$230,833 No related comp$68,619
Matthew Collins
Vice President
$281,880
$233,400 No related comp$48,480
Pam Bailey
Vice President
$246,357
$186,000 No related comp$60,357
Ethan Swain
Vice President
$235,493
$185,500 No related comp$49,993
Barbara Arena
Vice President
$235,389
$178,250 No related comp$57,139
Tracy Gaylord
Vice President
$230,100
$193,000 No related comp$37,100
Amanda Lee
Vice President
$228,716
$184,500 No related comp$44,216
Carissa Murray
Key Employee
$197,278
$144,083 No related comp$53,195

Benchmark Employee Compensation

Non-Employee Board Members

Carolyn Cloutier
Director
$8,000
$8,000 No related compNo other comp
William Powers
Director
$8,000
$8,000 No related compNo other comp
Nancy Carmer
Director
$8,000
$8,000 No related compNo other comp
Mary Driscoll
Director
$8,000
$8,000 No related compNo other comp
Paul Bergeron
Director
$8,000
$8,000 No related compNo other comp
David Gompers
Director
$8,000
$8,000 No related compNo other comp
Birgit Christiansen
Director
$8,000
$8,000 No related compNo other comp
Jeff Angers
Director
No compensation reported

Contractors

Schwartz and Associates
Closing Attorneys
$276,473
James Maxwell
Loan Processing
$136,225

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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