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Organizations Granite State Economic Development Corp.

Granite State Economic Development Corp.

Fiscal year ending 2022. Filed on January 12, 2023.

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 2022 IRS Form 990 filing, Granite State Economic Development Corp., a 501(c)(4) civic league or social welfare organization, reported compensation for 18 out of 30 total employees. Among the employees shown here, the average compensation is $291,843. The highest compensated employee at Granite State Economic Development Corp. is Steve Aldrich with fiscal year 2022 compensation of $521,326.

Revenue, expenses, and employee compensation

Revenue

$9,324,758

Expenses

$8,300,783

Employee compensation

$6,646,721
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Steve Aldrich
Executive Vice President
$521,326
$356,584 No related comp$164,742
Scott Gardiner
President
$475,858
$391,780 No related comp$84,078
Alan Abraham
Former Employee
$468,742
$0 No related comp$468,742
Fred Palazzolo
Senior Vice President
$440,199
$299,824 No related comp$140,375
Sean Fitzgerald
Vice President
$418,473
$331,000 No related comp$87,473
Paul Collins
Vice President
$347,617
$275,835 No related comp$71,782
Ethan Swain
Vice President
$277,399
$224,000 No related comp$53,399
Matthew Collins
Vice President
$277,080
$230,400 No related comp$46,680
Tracy Gaylord
Vice President
$263,017
$224,417 No related comp$38,600
Barbara Arena
Vice President
$260,339
$207,750 No related comp$52,589
Pam Bailey
Vice President
$247,192
$195,000 No related comp$52,192
Carissa Murray
Key Employee
$207,738
$152,250 No related comp$55,488

Benchmark Employee Compensation

Non-Employee Board Members

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

Contractors

Schwartz and Associates
Closing Attorneys
$348,463
James Maxwell
Loan Processing
$109,288

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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