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Filing year 2023

GRANITE STATE ECONOMIC DEVELOPMENT CORP

Portsmouth, New Hampshire·EIN 02-0385121·501(c)(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 · Part VII & Schedule J · 19 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

President
Above 90th percentile
$568k
$625k
Base
$407k
Bonus
$15k
Other
Benefits
$34k
Senior Vice President
75th to 90th percentile
$526k
$579k
Base
$377k
Bonus
$10k
Other
Benefits
$28k
Vice President
Above 90th percentile
$398k
$438k
Base
$200k
Bonus
$100k
Other
Benefits
$37k
Former Employee
Former Officer/director/trustee
75th to 90th percentile
$385k
$424k
Base
$359k
Bonus
Other
Benefits
$26k
Vice President
Above 90th percentile
$341k
$376k
Base
$189k
Bonus
$91k
Other
Benefits
$250
Vice President
Above 90th percentile
$286k
$315k
Base
$185k
Bonus
$50k
Other
Benefits
Vice President
Above 90th percentile
$286k
$315k
Base
$225k
Bonus
Other
Benefits
$17k
Vice President
Above 90th percentile
$270k
$297k
Base
$166k
Bonus
$43k
Other
Benefits
$18k
Vice President
Above 90th percentile
$264k
$290k
Base
$207k
Bonus
$3k
Other
Benefits
$15k
Vice President
Above 90th percentile
$249k
$274k
Base
$166k
Bonus
$24k
Other
Benefits
$17k
Vice President
75th to 90th percentile
$233k
$256k
Base
$175k
Bonus
Other
Benefits
$24k
Vice President
75th to 90th percentile
$231k
$255k
Base
$166k
Bonus
$24k
Other
Benefits
Key Employee
Median to 75th percentile
$215k
$236k
Base
$159k
Bonus
Other
Benefits
$25k
Employee
Highest Compensated Employee
Median to 75th percentile
$204k
$224k
Base
$148k
Bonus
Other
Benefits
$27k
Employee
Highest Compensated Employee
Median to 75th percentile
$176k
$194k
Base
$125k
Bonus
$2k
Other
Benefits
$24k
Former Employee
Former Officer/director/trustee
Median to 75th percentile
$165k
$182k
Base
$165k
Bonus
Other
Benefits
Employee
Highest Compensated Employee
25th percentile to median
$163k
$179k
Base
$123k
Bonus
Other
Benefits
$16k
Employee
Highest Compensated Employee
25th percentile to median
$152k
$168k
Base
$108k
Bonus
Other
Benefits
$24k
Employee
Highest Compensated Employee
25th percentile to median
$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.

Pay for the position

Chief Executive Officer pay rose 22% from 2022 to 2023, while revenue rose 5%.

$464k in 2022 to $568k in 2023.
  • Senior Vice President pay rose 25% from 2022 to 2023.
  • Vice President pay held roughly steady from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

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.
FAQ

Common questions about GRANITE STATE ECONOMIC DEVELOPMENT CORP

What does the Chief Executive Officer of GRANITE STATE ECONOMIC DEVELOPMENT CORP earn?

In 2023, the Chief Executive Officer of GRANITE STATE ECONOMIC DEVELOPMENT CORP received $567,512 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at GRANITE STATE ECONOMIC DEVELOPMENT CORP compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at GRANITE STATE ECONOMIC DEVELOPMENT CORP falls in the top 10%.

What are GRANITE STATE ECONOMIC DEVELOPMENT CORP's revenue and expenses?

In 2023, GRANITE STATE ECONOMIC DEVELOPMENT CORP reported $10.3M in total revenue and $8M in total expenses on its IRS Form 990.

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