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Filing year 2023

GRANITE STATE ECONOMIC DEVELOPMENT CORP

Portsmouth, New Hampshire·EIN 02-0385121·4
Total revenue
$10.3M
Total assets
$25.3M
Total expenses
$8M
Reported officers
27
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 19 reported individuals · Filing year 2023

$568k
$625k
Base
$407k
Bonus
$15k
Other
Benefits
$34k
Senior Vice President
senior vice president
$526k
$579k
Base
$377k
Bonus
$10k
Other
Benefits
$28k
Vice President
vice president
$398k
$438k
Base
$200k
Bonus
$100k
Other
Benefits
$37k
Former Employee
former officer/director/trustee
$385k
$424k
Base
$359k
Bonus
Other
Benefits
$26k
Vice President
vice president
$341k
$376k
Base
$189k
Bonus
$91k
Other
Benefits
$250
Vice President
vice president
$286k
$315k
Base
$185k
Bonus
$50k
Other
Benefits
Vice President
vice president
$286k
$315k
Base
$225k
Bonus
Other
Benefits
$17k
Vice President
vice president
$270k
$297k
Base
$166k
Bonus
$43k
Other
Benefits
$18k
Vice President
vice president
$264k
$290k
Base
$207k
Bonus
$3k
Other
Benefits
$15k
Vice President
vice president
$249k
$274k
Base
$166k
Bonus
$24k
Other
Benefits
$17k
Vice President
vice president
$233k
$256k
Base
$175k
Bonus
Other
Benefits
$24k
Vice President
vice president
$231k
$255k
Base
$166k
Bonus
$24k
Other
Benefits
Key Employee
key employee
$215k
$236k
Base
$159k
Bonus
Other
Benefits
$25k
Employee
highest compensated employee
$204k
$224k
Base
$148k
Bonus
Other
Benefits
$27k
Employee
highest compensated employee
$176k
$194k
Base
$125k
Bonus
$2k
Other
Benefits
$24k
Former Employee
former officer/director/trustee
$165k
$182k
Base
$165k
Bonus
Other
Benefits
Employee
highest compensated employee
$163k
$179k
Base
$123k
Bonus
Other
Benefits
$16k
Employee
highest compensated employee
$152k
$168k
Base
$108k
Bonus
Other
Benefits
$24k
Employee
highest compensated employee
$131k
$145k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Up 19%
from 2022

From $478k in 2022 to $568k in 2023.

$478k
2022
$568k
2023
In today's dollarsEst.
Up 14% in real terms$546k to $625k

Estimated with Boston-Cambridge-Newton, MA-NH metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

GRANITE STATE ECONOMIC DEVELOPMENT CORP reported revenue and expenses across 2 filing years.

RevenueExpenses
$9.8M
$8M
2022
$10.3M
$8M
2023
Total revenue and total expenses from IRS Form 990 filings.
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