Granite State Economic Development Corp
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.
Financial Overview
From 2024 IRS Form 990-PF
Total Assets
$25.3M
+12.7% YoY
Annual Giving
$374K
+10.8% YoY
Grant Count
10
+66.7% YoY
Avg Grant Size
$37K
-33.5% YoY
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $25,295,149 | $22,447,674 | $20,832,618 |
| Revenue | $10,340,764 | $9,828,396 | $9,324,758 |
| Expenses | $8,048,792 | $8,049,295 | $8,300,783 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $1,799,737 | $1,188,210 | $618,375 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
32 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Who else does Granite State Economic Development Corp fund?
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Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| STEVE ALDRICH | PRESIDENT | 40 | $422,250 |
| FRED PALAZZOLO | SENIOR VICE PRESIDENT | 40 | $387,025 |
| SEAN FITZGERALD | VICE PRESIDENT | 40 | $300,400 |
| SCOTT GARDINER | FORMER EMPLOYEE | — | $359,132 |
| PAUL COLLINS | VICE PRESIDENT | 40 | $280,225 |
| MATTHEW COLLINS | VICE PRESIDENT | 40 | $235,400 |
| PAM BAILEY | VICE PRESIDENT | 40 | $225,200 |
| BARBARA ARENA | VICE PRESIDENT | 40 | $208,100 |
| ROBIN LAPOINTE | VICE PRESIDENT | 40 | $209,300 |
| ETHAN SWAIN | VICE PRESIDENT | 40 | $190,200 |
| CARISSA MURRAY | VICE PRESIDENT | 40 | $175,083 |
| TRACY GAYLORD | VICE PRESIDENT | 40 | $190,200 |
| LISA MOUSSEAU | KEY EMPLOYEE | 40 | $158,600 |
| ASHLEY MCCARTHY | EMPLOYEE | 40 | $147,508 |
| PIERRE DURAND | EMPLOYEE | 40 | $126,850 |
| ALAN ABRAHAM | FORMER EMPLOYEE | — | $165,000 |
| CATHY PICARDO | EMPLOYEE | 40 | $122,800 |
| JACLYN ST ONGE | EMPLOYEE | 40 | $107,517 |
| BRANDT ABRAHAM | EMPLOYEE | 40 | $100,900 |
| DAVID GOMPERS | DIRECTOR | 1.5 | — |
| PAUL BERGERON | DIRECTOR | 1.5 | — |
| BIRGIT CHRISTIANSEN | DIRECTOR | 1.5 | — |
| NANCY CARMER | DIRECTOR | 1.5 | — |
| MARY DRISCOLL | DIRECTOR | 1.5 | — |
| CAROLYN CLOUTIER | DIRECTOR | 1.5 | — |
| JEFF ANGERS | DIRECTOR | 1.5 | — |
| WILLIAM POWERS | DIRECTOR | 1.5 | — |
Geographic Focus
Where this funder has awarded grants
Grant Distribution by State
Cities
Data last updated March 2026. Sourced from IRS Form 990-PF filings.
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