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Nonprofiteer
← GRANITE STATE ECONOMIC DEVELOPMENT CORP

Form 990 for tax year 2022

Filed by GRANITE STATE ECONOMIC DEVELOPMENT CORP.

Totals

Total revenue
$9,828,396
Total expenses
$8,049,295
Contributions and grants received
$0
Grants paid
$343,238
Program service revenue
$8,640,186
Investment income
$1,188,210
Other revenue
$0
Total assets, end of year
$22,447,674
Total liabilities, end of year
$4,090,807
Net assets or fund balances, end of year
$18,356,867
Program services expenses (Part IX)
$7,083,380
Management and general expenses
$965,915
Fundraising expenses
$0
Program service expenses (Part III)
$7,083,380

Program services were 88.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • SCOTT GARDINER

    FORMER EMPLOYEE

    Total calculated
    $478,284
    From this org
    $391,180
    From related orgs
    $0
    Other
    $87,104
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $391,180
    Bonus
    not reported
    Other
    not reported
    Deferred
    $58,000
    Nontaxable benefits
    $29,104
    Filer's total
    $478,284

  • STEVE ALDRICH

    PRESIDENT

    Total calculated
    $464,300
    From this org
    $374,803
    From related orgs
    $0
    Other
    $89,497
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $374,803
    Bonus
    not reported
    Other
    not reported
    Deferred
    $58,000
    Nontaxable benefits
    $31,497
    Filer's total
    $464,300

  • FRED PALAZZOLO

    SENIOR VICE PRESIDENT

    Total calculated
    $418,884
    From this org
    $324,918
    From related orgs
    $0
    Other
    $93,966
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $324,918
    Bonus
    not reported
    Other
    not reported
    Deferred
    $58,000
    Nontaxable benefits
    $35,966
    Filer's total
    $418,884

  • SEAN FITZGERALD

    VICE PRESIDENT

    Total calculated
    $397,310
    From this org
    $305,600
    From related orgs
    $0
    Other
    $91,710
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $186,100
    Bonus
    $119,500
    Other
    not reported
    Deferred
    $58,000
    Nontaxable benefits
    $33,710
    Filer's total
    $397,310

  • PAUL COLLINS

    VICE PRESIDENT

    Total calculated
    $396,848
    From this org
    $314,044
    From related orgs
    $0
    Other
    $82,804
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $178,044
    Bonus
    $136,000
    Other
    not reported
    Deferred
    $56,501
    Nontaxable benefits
    $26,303
    Filer's total
    $396,848

  • MATTHEW COLLINS

    VICE PRESIDENT

    Total calculated
    $299,980
    From this org
    $253,900
    From related orgs
    $0
    Other
    $46,080
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $185,400
    Bonus
    $68,500
    Other
    not reported
    Deferred
    $46,080
    Nontaxable benefits
    not reported
    Filer's total
    $299,980

  • ALAN ABRAHAM

    FORMER EMPLOYEE

    Total calculated
    $289,833
    From this org
    $289,833
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $289,833
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $289,833

  • BARBARA ARENA

    VICE PRESIDENT

    Total calculated
    $267,633
    From this org
    $209,001
    From related orgs
    $0
    Other
    $58,632
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $154,501
    Bonus
    $54,500
    Other
    not reported
    Deferred
    $42,000
    Nontaxable benefits
    $16,632
    Filer's total
    $267,633

  • ETHAN SWAIN

    VICE PRESIDENT

    Total calculated
    $262,718
    From this org
    $200,500
    From related orgs
    $0
    Other
    $62,218
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,000
    Bonus
    $45,500
    Other
    not reported
    Deferred
    $45,850
    Nontaxable benefits
    $16,368
    Filer's total
    $262,718

  • PAM BAILEY

    VICE PRESIDENT

    Total calculated
    $255,138
    From this org
    $200,000
    From related orgs
    $0
    Other
    $55,138
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $200,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $39,750
    Nontaxable benefits
    $15,388
    Filer's total
    $255,138

  • TRACY GAYLORD

    VICE PRESIDENT

    Total calculated
    $250,133
    From this org
    $204,500
    From related orgs
    $0
    Other
    $45,633
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $165,000
    Bonus
    $39,500
    Other
    not reported
    Deferred
    $45,633
    Nontaxable benefits
    not reported
    Filer's total
    $250,133

  • CARISSA MURRAY

    VICE PRESIDENT

    Total calculated
    $218,089
    From this org
    $158,917
    From related orgs
    $0
    Other
    $59,172
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,917
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,533
    Nontaxable benefits
    $27,639
    Filer's total
    $218,089

  • ROBIN LAPOINTE

    VICE PRESIDENT

    Total calculated
    $209,941
    From this org
    $164,167
    From related orgs
    $0
    Other
    $45,774
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,167
    Bonus
    not reported
    Other
    not reported
    Deferred
    $31,950
    Nontaxable benefits
    $13,824
    Filer's total
    $209,941

  • LISA MOUSSEAU

    KEY EMPLOYEE

    Total calculated
    $198,956
    From this org
    $146,958
    From related orgs
    $0
    Other
    $51,998
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,958
    Bonus
    not reported
    Other
    not reported
    Deferred
    $28,775
    Nontaxable benefits
    $23,223
    Filer's total
    $198,956

  • ASHLEY MCCARTHY

    EMPLOYEE

    Total calculated
    $180,915
    From this org
    $130,000
    From related orgs
    $0
    Other
    $50,915
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $130,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    $25,000
    Nontaxable benefits
    $25,915
    Filer's total
    $180,915

  • PIERRE DURAND

    EMPLOYEE

    Total calculated
    $178,545
    From this org
    $120,940
    From related orgs
    $0
    Other
    $57,605
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $120,940
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,896
    Nontaxable benefits
    $33,709
    Filer's total
    $178,545

  • CATHY PICARDO

    EMPLOYEE

    Total calculated
    $158,129
    From this org
    $119,667
    From related orgs
    $0
    Other
    $38,462
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $119,667
    Bonus
    not reported
    Other
    not reported
    Deferred
    $23,883
    Nontaxable benefits
    $14,579
    Filer's total
    $158,129

  • BRANDT ABRAHAM

    EMPLOYEE

    Total calculated
    $137,640
    From this org
    $115,500
    From related orgs
    $0
    Other
    $22,140
    Hours/week
    40

  • CAROLYN CLOUTIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • DAVID GOMPERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • NANCY CARMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • BIRGIT CHRISTIANSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • PAUL BERGERON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • MARY DRISCOLL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • WILLIAM POWERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

  • JEFF ANGERS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 1a · Discretionary spending account
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 5a · Pay contingent on this organization's revenues

Answered no

  • 4c · Equity-based compensation arrangement
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

  • MASS GENERAL HOSPITAL

    $200,000

  • UNIVERSITY OF NEW HAMPSHIRE

    $97,500

  • UTEC INC

    $10,000

  • VERMONT COMMUNITY LOAN CENTER

    $10,000

  • COMMON THREADS

    $10,000

  • NEW HAMPSHIRE SMALL BUSINESS DEV CT

    $10,000

Provenance

Return type
form_990
Tax year
2022
Filed
8 December 2023
IRS schema version
2022v5.0
Source object
202420259349300127

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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