Overview
What is Granite State Management And Resources?
Granite State Management and Resources, based at 4 Barrell Court PO Box 23087 in Concord, New Hampshire, served as the administrator and servicer of student loans in the state in cooperation with local lenders and secondary markets. With a total workforce of 237 employees, this nonprofit organization aimed to streamline the student loan process within New Hampshire.
Official website here: www.gsmr.org
What are the reviews and ratings of this charity?
Granite State Management and Resources is not currently rated by Charity Navigator. The nonprofit's lack of a rating can be attributed to the absence of an Accountability and Finance beacon or an Impact and Measurement beacon. Charity Navigator notes that an absence of rating does not reflect positively or negatively on the organization. Historical ratings mainly considered accountability and finance but have not included other factors like leadership and adaptability.
Granite State Management and Resources has not filed the required IRS Form 990s consistently over the past six fiscal years, which affects its eligibility for a rating. However, available Form 990 data provides insights into the organization's revenue, expenses, and compensation data for key personnel. This data is usually essential for evaluating financial health and governance practices.
Due to insufficient data on several fronts, such as impact & measurement, culture & community, and leadership & adaptability, it is difficult to evaluate the organization's overall performance and effectiveness. The nonprofit is an independent organization and does not receive more than one-third of its support from gross investment income and unrelated business income, indicating financial independence. No user reviews from GreatNonprofits are available to provide additional context or sentiment from the community.
This AI summary has been generated from information found on Charity Navigator.
Is Granite State Management And Resources legitimate?
Granite State Management And Resources is a legitimate nonprofit organization registered as a 501(c)(3) entity. Granite State Management And Resources 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: $1,485,451
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,913,082
For more financial information, click here
Official website here: www.gsmr.org
What is the mission statement of Granite State Management And Resources?
Granite State Management And Resources served as the administrator and servicer of student loans until their operations ceased on March 31, 2020. In this capacity, they cooperated with lenders and secondary markets in New Hampshire to manage the guaranteed student loan program. Their mission was centered around the administration and servicing of student loans. Despite not having access to further details, it can be inferred that their primary focus was on ensuring the smooth operation of the student loan program for borrowers.
Official website here: www.gsmr.org
Who is the CEO of Granite State Management And Resources?
Christiana Thornton is the Former President & Ceo of Granite State Management And Resources. The CEO's salary of Granite State Management And Resources is $392,578 and their total compensation is $425,228.
Official website here: www.gsmr.org
What is the revenue of Granite State Management And Resources?
Granite State Management And Resources's revenue in 2020 was $15,096,637.
Official website here: www.gsmr.org
Who are the executives of Granite State Management And Resources and what are their salaries?
The average compensation at Granite State Management And Resources during 2020 was $22,779. There are 237 employees and 10 volunteers at Granite State Management And Resources.
Here are 26 key members and their salaries (Granite State Management And Resources's CEO's salary is $392,578 and their total compensation is $425,228):
- Compensation: $690,162
- Related: $507,058
- Other: $24,895
- Compensation: $392,578
- Related: $0
- Other: $32,650
- Compensation: $233,082
- Related: $0
- Other: $16,754
- Compensation: $121,365
- Related: $0
- Other: $30,246
- Compensation: $119,015
- Related: $0
- Other: $23,667
- Compensation: $135,913
- Related: $0
- Other: $4,013
- Compensation: $125,291
- Related: $0
- Other: $14,328
- Compensation: $106,471
- Related: $0
- Other: $29,729
- Compensation: $106,496
- Related: $0
- Other: $29,399
- Compensation: $128,105
- Related: $0
- Other: $7,204
- Compensation: $120,568
- Related: $0
- Other: $14,644
- Compensation: $115,105
- Related: $0
- Other: $14,566
- Compensation: $100,315
- Related: $0
- Other: $20,726
- Compensation: $106,029
- Related: $0
- Other: $3,538
- Compensation: $90,548
- Related: $0
- Other: $5,362
- Compensation: $66,421
- Related: $0
- Other: $4,245
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.gsmr.org
Where can I find the form 990 for Granite State Management And Resources?
Granite State Management And Resources's most recent form 990 was submitted in 2020 and can be accessed here.
Official website here: www.gsmr.org
Learn more at the official website: www.gsmr.org
Mission Statement of Granite State Management And Resources
Granite State Management and Resources, a key administrator and servicer of student loans, dedicated itself to this mission until its operations ceased on March 31, 2020. In cooperation with New Hampshire lenders and secondary markets, this organization played a crucial role in managing the guaranteed student loan program within the state.
Through its unwavering commitment to student financing, Granite State Management and Resources provided essential services, ensuring the smooth operation of student loan programs. Its primary focus was on facilitating agreements between borrowers and lenders, as well as managing the complexities of the secondary market. By collaborating with various financial institutions, the organization ensured that students had access to necessary loan options to support their higher education pursuits.
The organization's mission extended beyond just managing student loans. It aimed to create a positive impact on students' lives by enabling them to access higher education and ultimately, build a better future for themselves. By efficiently administering the student loan program, Granite State Management and Resources provided invaluable assistance to students in need, making their educational journey more manageable and less financially burdensome. The organization's ceasing of operations on March 31, 2020, marked the end of an era in student loan administration, leaving behind a legacy of helping students achieve their academic goals.
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Impact
October, 2024
Granite State Management and Resources played a significant role in the administration and servicing of student loans in New Hampshire. By collaborating with local lenders and secondary markets, they effectively managed the guaranteed student loan program, ensuring that students had access to essential financial resources for their education. Through these efforts, they supported countless individuals in pursuing higher education, which can lead to improved job opportunities and economic mobility.
The impact of their work can be measured in the number of students served and the accessibility of educational funding during their operational years. By ceasing operations on March 31, 2020, they concluded a chapter that had been integral to many students' financial journeys in New Hampshire. Their legacy includes a commitment to public benefit through educational support and financing, highlighting the critical role of loan administration in fostering educational attainment and community development.
This information is meant to be a general summary of Granite State Management And Resources. 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 2020.
- Investment Income: $638,808
- Program Service Revenue: $14,371,324
- Gross Receipts: $21,777,640
Assets and Liabilities:
- Total Assets: $0
- Total Liabilities: $0
- Net Assets: $0
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service fees
Revenue
$13,018,324
Contracted services
Revenue
$1,353,000
Organization Details
Founding Year
1986
Phone
(603) 225-5867Principal Officer
Christiana Thornton
Main Address
4 Barrell Court PO Box 2087, Concord, NH, 033022087
Website
www.gsmr.orgNTEE Category
Code: W600 - Public benefit
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