GRANITE EDVANCE CORPORATION Charity Report

Public IRS 990 nonprofit record

GRANITE EDVANCE CORPORATION

EIN 02-0368776 · Education (B820)

What they do

to Support New Hampshire Students and Families In Navigating Their Education and Career Pathways By Providing Free Advisory Services, Student Loans and Scholarships for Post-secondary Education.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $94.20 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

91.16%of revenue went to mission work94.2% of expenses · Program services

$96.73spent for every $100 of revenueRevenue covered expenses this year.

5.57%of revenue went to management and office costs5.8% of expenses

$15.42in assets for every $1 spent this yearSome assets cannot be spent right away.

0.1%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $553,840 for CHRISTIANA THORNTON (PRESIDENT & CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$61,204,622

Mission workProgram services$55,794,51991.16% of revenue94.2% of expenses

ManagementOffice and general costs$3,406,3295.57% of revenue5.8% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$2,003,7743.27% of revenueShown in gray on the chart

Total expenses$59,200,84896.73% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 94.2% mission · 5.8% management · 0.0% fundraisingTotal expenses: 96.73% of revenue

2023Expense mix: 94.5% mission · 5.5% management · 0.0% fundraisingTotal expenses: 93.93% of revenue

2022Expense mix: 92.8% mission · 7.2% management · 0.0% fundraisingTotal expenses: 97.87% of revenue

2021Expense mix: 90.7% mission · 9.3% management · 0.0% fundraisingTotal expenses: 87.47% of revenue

2020Expense mix: 92.6% mission · 7.4% management · 0.0% fundraisingTotal expenses: 82.67% of revenue

2019Expense mix: 94.6% mission · 5.4% management · 0.0% fundraisingTotal expenses: 102.30% of revenue

2018Expense mix: 98.4% mission · 1.6% management · 0.0% fundraisingTotal expenses: 97.82% of revenue

2017Expense mix: 94.6% mission · 5.4% management · 0.0% fundraisingTotal expenses: 91.06% of revenue

Money in and money out

Revenue$61,204,622

Expenses$59,200,848

Annual surplus $2,003,774 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$55,794,519 · 94.2% of expenses

Management and office costs$3,406,329 · 5.8% of expenses

See all reported dollar amounts

Revenue$61,204,622

Expenses$59,200,848

Assets$912,774,268

Income$70,339,937

Contributions$40,000

Mission work (program services)$55,794,519

Grants given$325,000

Average grant$108,333

Management and general$3,406,329

Executive compensation (total)$507,058

Stocks and bonds$156,525,499

Accounting fees$88,010

Investing fees$222,464

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

CHRISTIANA THORNTONPRESIDENT & CEO · 40 hrs/week $553,840Base $507,256 · Other $46,584

SCOTT ROGERSVP & CFO · 40 hrs/week $323,375Base $281,207 · Other $42,168

JOHN FLANDERSVP & CHIEF STRATEGY/LENDING OFFICER · 40 hrs/week $262,577Base $224,643 · Other $37,934

BLESSING CHIMWANDAGEN. COUNSEL/CHIEF COMPLIANCE OFF. · 40 hrs/week $242,410Base $233,919 · Other $8,491

ERIK SOBELVP TECHNOLOGY SOLUTIONS & SECURITY · 40 hrs/week $215,455Base $194,743 · Other $20,712

DANIELLE BARRICKVP CHIEF COMMUNICATIONS OFFICER · 40 hrs/week $201,554Base $191,401 · Other $10,153

KATHY-ANN MAGUIREVP PEOPLE & TALENT MANAGEMENT · 40 hrs/week $186,530Base $150,897 · Other $35,633

DANIEL COUGHLANVP CAPITAL MARKETS/ASSET MANAGEMENT · 40 hrs/week $180,766Base $152,779 · Other $27,987

CHRISTOPHER NADEAUVP, INFORMATION SECURITY & BUSINESS SOLUTIONS · 40 hrs/week $165,591Base $131,156 · Other $34,435

MINATCHY VISVANATHANBUSINESS SYSTEMS & DATA ARCHITECT · 40 hrs/week $145,854Base $112,938 · Other $32,916

MATTHEW WALLACEVP, EDUCATION & CAREER PATHWAYS · 40 hrs/week $145,708Base $116,157 · Other $29,551

CARLTON LEWISSOLUTIONS ARCHITECT · 40 hrs/week $142,654Base $132,775 · Other $9,879

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

CHRISTIANA THORNTONPRESIDENT & CEO

SCOTT ROGERSVP & CFO

JOHN FLANDERSVP & CHIEF STRATEGY/LENDING OFFICER

BLESSING CHIMWANDAGEN. COUNSEL/CHIEF COMPLIANCE OFF.

ERIK SOBELVP TECHNOLOGY SOLUTIONS & SECURITY

DANIELLE BARRICKVP CHIEF COMMUNICATIONS OFFICER

KATHY-ANN MAGUIREVP PEOPLE & TALENT MANAGEMENT

DANIEL COUGHLANVP CAPITAL MARKETS/ASSET MANAGEMENT

CHRISTOPHER NADEAUVP, INFORMATION SECURITY & BUSINESS SOLUTIONS

MINATCHY VISVANATHANBUSINESS SYSTEMS & DATA ARCHITECT

MATTHEW WALLACEVP, EDUCATION & CAREER PATHWAYS

CARLTON LEWISSOLUTIONS ARCHITECT

MEREK WEISENSEEAVP, TECHNICAL SOLUTIONS & SUPPORT

JAMIE BURNETTSECRETARY; TRUSTEE

HANS OLSONTRUSTEE

GORDON KOFFVICE CHAIR; TRUSTEE

DEBRA MILLERTRUSTEE

MB LUFKINTRUSTEE

CHUCK LLOYDTRUSTEE

PAUL PROVOSTTRUSTEE; CHAIR (START 1/2025)

PETER BURGERTRUSTEE

RICK ELWELLTRUSTEE

SANDY TRACYTRUSTEE

CAROL HOULETREASURER; TRUSTEE

SUSAN HUARDCHAIR (END 12/2024); TRUSTEE

WILLIAM DWYERTRUSTEE

About this charity

Recognized since: January 1983
Location: 3 Barrell Court, Concord, NH 03302
County: Merrimack
In care of: Scott Rogers
Primary officer: Scott Rogers, Chief Financial Officer

How to reach them

WebsiteVisit the charity’s website Phone(603) 226-5829

Filing and classification

Latest tax year: 2024
Tax period began: October 1, 2024
Return type: 990
Tax preparer: BAKER NEWMAN & NOYES LLC
NTEE classification: Education (B820)
Grant-giving organization: Yes