Overview
What is Granite State Economic Development Corp?
Granite State Economic Development Corp is a nonprofit organization situated in Portsmouth, New Hampshire. Their primary mission is to stimulate economic growth within the regions of Maine, New Hampshire, Vermont, and Massachusetts. They accomplish this by assisting businesses in acquiring Small Business Administration (SBA) 504 financing, which facilitates the expansion of businesses through the acquisition, renovation, or construction of real estate and/or the acquisition of machinery and equipment. This expansion of businesses ultimately results in the creation and/or retention of jobs within these states, contributing to overall economic development. The organization currently employs 32 individuals.
Official website here: www.granitestatedev.com
Is Granite State Economic Development Corp legitimate?
Granite State Economic Development Corp is a legitimate nonprofit organization registered as a 501(c)(4) entity. Granite State Economic Development Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,893,771
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,106,182
For more financial information, click here
Official website here: www.granitestatedev.com
What is the mission statement of Granite State Economic Development Corp?
The Granite State Economic Development Corp's mission is centered around stimulating economic growth. They accomplish this by assisting businesses in acquiring SBA 504 financing, which facilitates the expansion of existing businesses. This expansion can be achieved through the acquisition, renovation, or construction of real estate, as well as the procurement of machinery and equipment. The expanded businesses, as a result, lead to the creation or retention of jobs within their operations. This organization's activities contribute to the overall economic development, benefiting various industries and communities.
Official website here: www.granitestatedev.com
Who is the CEO of Granite State Economic Development Corp?
Steve Aldrich is the President of Granite State Economic Development Corp.
Official website here: www.granitestatedev.com
What is the revenue of Granite State Economic Development Corp?
Granite State Economic Development Corp's revenue in 2023 was $9,828,396.
Official website here: www.granitestatedev.com
Who are the executives of Granite State Economic Development Corp and what are their salaries?
The average compensation at Granite State Economic Development Corp during 2023 was $124,999. There are 32 employees at Granite State Economic Development Corp.
Here are 26 key members and their salaries:
- Compensation: $391,180
- Related: $0
- Other: $87,104
- Compensation: $374,803
- Related: $0
- Other: $89,497
- Compensation: $324,918
- Related: $0
- Other: $93,966
- Compensation: $305,600
- Related: $0
- Other: $91,710
- Compensation: $314,044
- Related: $0
- Other: $82,804
- Compensation: $253,900
- Related: $0
- Other: $46,080
- Compensation: $289,833
- Related: $0
- Other: $0
- Compensation: $209,001
- Related: $0
- Other: $58,632
- Compensation: $200,500
- Related: $0
- Other: $62,218
- Compensation: $200,000
- Related: $0
- Other: $55,138
- Compensation: $204,500
- Related: $0
- Other: $45,633
- Compensation: $158,917
- Related: $0
- Other: $59,172
- Compensation: $164,167
- Related: $0
- Other: $45,774
- Compensation: $146,958
- Related: $0
- Other: $51,998
- Compensation: $130,000
- Related: $0
- Other: $50,915
- Compensation: $120,940
- Related: $0
- Other: $57,605
- Compensation: $119,667
- Related: $0
- Other: $38,462
- Compensation: $115,500
- Related: $0
- Other: $22,140
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.granitestatedev.com
Where can I find the form 990 for Granite State Economic Development Corp?
Granite State Economic Development Corp's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.granitestatedev.com
Learn more at the official website: www.granitestatedev.com
Mission Statement of Granite State Economic Development Corp
Granite State Economic Development Corp, in its mission, aims to foster economic growth by assisting businesses in obtaining SBA 504 financing. This financing is utilized by businesses to expand their operations, either by acquiring, renovating, or constructing real estate, or by purchasing necessary machinery and equipment. The expansion of these businesses, as a result, leads to the creation and/or retention of jobs within the states of operation, including Maine, New Hampshire, Vermont, and Massachusetts. By facilitating this process, Granite State Economic Development Corp plays a significant role in promoting economic development on a local level.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Granite State Economic Development Corp significantly contributes to economic growth by assisting businesses in obtaining SBA 504 financing. This support enables companies to expand by acquiring, renovating, or constructing real estate as well as purchasing machinery and equipment. The resulting business expansions not only foster economic development but also lead to the creation and retention of jobs in the states of Maine, New Hampshire, Vermont, and Massachusetts. By focusing on financing solutions, Granite State Economic Development Corp plays a vital role in enhancing community improvement and bolstering local economies.
This information is meant to be a general summary of Granite State Economic Development Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $1,188,210
- Program Service Revenue: $8,640,186
- Gross Receipts: $9,828,396
Assets and Liabilities:
- Total Assets: $22,447,674
- Total Liabilities: $4,090,807
- Net Assets: $18,356,867
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN PROCESS & SERVICE
Revenue
$8,640,186
Organization Details
Founding Year
1982
Principal Officer
Steve Aldrich
Main Address
1 CATE ST 3RD FLOOR, PORTSMOUTH, NH, 038017108
Website
www.granitestatedev.comNTEE Category
Code: S43 - Community improvement
If you are a representative of Granite State Economic Development Corp and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.