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Granite State Economic Development Corp at a glance

· Public charity

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.

$301k
Granted FY2025still arriving
13
Grants FY2025still arriving
4
States reached
$101k
Largest
01What it fundsRead
02The needRead
03Its granteesRead
04Its fieldRead
01What it funds
01100% classified

What it funded, over time

Every grant placed by its stated purpose and the recipient’s mission, by year, FY2018 to 2025.

Health$405kEducation$328kCommunity Improvement$155kEmployment$110kYouth Development$93kArts & Culture$84kFood & Nutrition$40kHousing & Shelter$35kOther$0
02FY2025 · 13 grants

Where the money goes

Grants by size, and the largest recipients.

How this is measured
The 13 grants below total $288,000, the rows itemized in this filing. The $300,500 headline is the total grant expense on the return; the other $12,500 is giving the schedule does not break out (grants under the $5,000 itemization floor, grants to individuals, grants on other schedules). Every figure below describes the itemized rows only.

By grant size · FY2025

  • $10k–50k12 grants · $188k
  • $50k–250k1 grant · $101k
$12,500
Median grant
4
States reached
$28M
Total assets
Largest grants
RecipientAmount
UNIVERSITY OF NEW HAMPSHIRE$100,500
UTEC INC$25,000
COMMUNITY CAPITAL OF VERMONT$25,000
VERMONT COMMUNITY LOAN CENTER$25,000
USM FOUNDATION$15,000
NEW HAMPSHIRE SMALL BUSINESS DEV CT$15,000
THE CENTER FOR GRIEVING CHILDREN$12,500
NEW ENGLAND VILLAGE$12,500
GIRLS INC$12,500
KITTERY LAND TRUST$12,500
BOXES OF LOVE FOR THE HOMELESS$12,500
SEEDS OF HOPE$10,000
CHILDRENS MUSEUM$10,000
02The need
03

Does the money reach high-need areas?

Each grant placed by the hardship in its grantee’s ZIP, against the area’s typical level.

show:

Its human-services grants (FY24–25, $33k) land where the poverty rate runs at 7%, against an area that typically sits at 7%. 62% of those dollars go to grantees based in above-average-need neighborhoods. Most of its grants land in higher-need ZIPs.

area typical 7%NEW ENGLAND VILLAGE: $13k → 8%NEW ENGLAND VILLAGE: $8k → 8%BOXES OF LOVE FOR THE HOMELESS: $13k → 5%0%20%40%50%more need →
grant to an above-average-need area below average· circle size = grant amount
How this is measured
Matched: human-services grants are those whose grantee’s IRS cause code is Human Services. Placed by people below the poverty line in the grantee’s ZIP, averaged from the tracts in that ZIP.
How this is measured
US grants placed by each grantee’s ZIP, which can differ from where services are delivered. Need from public data (U.S. Census/ACS, CDC PLACES, Eviction Lab, USDA), shown as context about the area, never attributed to the funder’s giving.
03Its grantees
repeat funding

Who it funds again

Organizations funded in more than one year, against those funded once.

47%of every dollar goes to organizations it has funded before.
$609k · 11 repeat orgs$685k to everyone else

Grantees it renews have grown median revenue +39% since the first grant, against +15% for those funded once.

11 repeat relationships: 7 still active in FY2025, 4 since wound down; 5 grantees were first funded in FY2025 (too recent to call).

How the two cohorts compare

Re-uppedFunded once

Organizations

11
16

Total granted

$609k
$608k

Median revenue growth · since first grant

+39%
+15%

Still filing today

91%
50%

New vs renewed · share of each year

In FY2025, 73% of grant dollars renewed an existing relationship; $78k went to new ones.

50%100%’18’19’20’21’22’23’24’25
RenewedFirst-time

Where new relationships form · theme of each grantee’s first grant

’18’19’20’21’22’23’24’25
Youth DevelopmentEducationArts & CultureCommunity ImprovementHuman ServicesHousing & ShelterOther
How this is measured
First-time means a grantee’s first year in the filing window; renewed means funded in an earlier year too. The renewed share climbs naturally as a portfolio matures, so the signal is a year that bucks it (a wave of new grantees). The earliest year is left-censored: relationships that predate the data read as new. Theme is the grantee’s IRS cause.

Backed again, and grew

  • UNIVERSITY OF NEW HAMPSHIRE FOUNDATION INCORPORATED
    5× · 2017–2025 · $255k · revenue +35%
  • UI
    UTEC Inc
    8× · 2017–2025 · $75k · revenue +162%
  • CM
    CHILDREN'S MUSEUM OF NEW HAMPSHIRE
    7× · 2017–2025 · $69k · revenue +59%

Funded once

  • MG
    MASS GENERAL BRIGHAM INCORPORATED
    one grant, 2024 · $200k
  • MG
    MASS GENERAL HOSPITAL
    one grant, 2023 · $200k
  • UO
    UNIVERSITY OF NEW HAMPSHIRE
    one grant, 2023 · $98k
How this is measured

Repeat means funded in two or more distinct years. Growth and survival are read from each grantee’s own subsequent IRS filings.

04Its field

Closest unfunded matches

The nonprofits that most resemble its grantees but are not funded by it, scored along the direction from the rest of the field toward the portfolio. A resemblance in what they say they do, not a recommendation.

1
Northeast Kingdom Development Corporation

Fostering, encouraging and assisting the physical location of business enterprises within the States of Vermont and New Hampshire, and having its principal purpose be industrial and economic development of one or more political…

Employment
2
The Genesis Fund

The mission of The Genesis Fund is to bring together resources to create housing and other economic and social opportunities for underserved people and communities throughout Maine, New Hampshire, and Vermont.

Religion
3
Coastal Enterprises Inc

Cei integrates financing, small business and industry expertise, and policy solutions to grow a vibrant future for people and communities in maine and rural regions.

Housing & Shelter
4
Green Mountain Economic Development Corp

To foster and develop economic vitality and prosperity consistent with the goals of the communities we serve.

—
5
Maine Media College

Maine Media Workshops & College educates and inspires visual artists and storytellers to achieve their creative potential. We provide lifelong learning opportunities for those pursuing the fine arts and media-related professions. We are…

—
6
Bank of New Hampshire Charitable Foundation
Philanthropy
7
Kennebunk Land Trust

Kennebunk Land Trust's mission is to permanently conserve and steward land to benefit natural and human communities.

Environment
8
Souhegan Valley Chamber of Commerce Inc

The Chamber helps to make individuals aware of the activities, services, and businesses available in our area, in order to help stimulate the local economy, and enhance, support and promote the prosperity of its members.

—
9
Maine & Company

Maine & Company is a private, non-profit business development sales organization. Its purpose is to improve Maine's success in attracting new business and expanding and retaining existing business by providing a focused, statewide sales…

—
10
Connecticut Farmland Trust Inc

Protect Connecticuts farmland for agricultural use by purchasing and accepting donations of agricultural conservation easements

Food & Nutrition
11
Fork Food Lab

Fork Food Lab is a nonprofit food business incubator and shared commercial kitchen focused on growing the local food economy. We support the growth of sustainable Maine-based businesses by providing entrepreneurs with work space,…

Environment
12
Maine GearShare

To provide access to outdoor gear and know-how through a collaborative, equity-centered approach.

Recreation & Sports
How this is measured
The grantee most central to the portfolio’s shape is The Center for Grieving Children; the most unlike its peers is Crossroads for Women Inc. Resemblance is measured on each organization’s own IRS 990 mission text; it reflects how work is described, not its quality or impact.
04the grantee network

27 grantees tracked through their own filings, 2017–2025.

Each grant beside the grantee’s revenue from every source, year by year.

How this is measured

Counted here: distinct organizations funded across 2017 to 2025, not grant rows in a single year, so this will not match the grant count on the cover. 27 of the 32 grantees resolved in that span have returns of their own we could reconcile.

Each grantee is resolved to its own IRS returns. Association, dated; never a causal claim.

0
Load-bearing (≥25% of a budget)
6
Early backer (in before they grew)
24/27
Grantees still filing
14/27
Grew since first funded

Where the money sits, by cause and then by grantee

MASS GENERAL BRIGHAM INCORPORATED: $200,000 · OtherMASS GENERAL BRIGHAM INCORPORATEDMASS GENERAL HOSPITAL: $200,000 · OtherMASS GENERAL HOSPITALUNIVERSITY OF NEW HAMPSHIRE: $97,500 · OtherUNIVERSITY OF NEW HAMPSHIRECHASE HOME: $35,600 · Other+14 more: $157,500 · Other+14 moreUNIVERSITY OF NEW HAMPSHIRE FOUNDATION INCORPORATED: $254,500 · EducationUNIVERSITY OF NEW HAMPS…Hope for Tomorrow Foundation: $10,000 · EducationUTEC Inc: $75,000 · Youth DevelopmentUTEC IncGIRLS INC OF THE VALLEY: $20,000 · Youth DevelopmentGIRLS INC O…THE CENTER FOR GRIEVING CHILDREN: $12,500 · Youth DevelopmentTHE CENTER …My Place Teen Center Inc: $10,000 · Youth DevelopmentMy Place Te…BOYS & GIRLS CLUB OF MARSHFIELD INC: $10,000 · Youth DevelopmentBOYS & GIRL…CHILDREN'S MUSEUM OF NEW HAMPSHIRE: $69,000 · Arts & CultureSTRAWBERY BANKE MUSEUM: $15,000 · Arts & CultureVERMONT COMMUNITY LOAN FUND: $65,000 · Housing & ShelterNEW ENGLAND VILLAGE INC: $20,000 · Human ServicesBOXES OF LOVE FOR THE HOMELESS: $12,500 · Human ServicesCOMMUNITY CAPITAL OF VERMONT: $25,000 · Community ImprovementVALLEY VENTURE MENTORING SERVICE INC: $5,000 · Community Improvement
Other$690,600Education$264,500Youth Development$127,500Arts & Culture$84,000Housing & Shelter$65,000Human Services$32,500Community Improvement$30,000

Each grantee by its size and the funder’s share of it; top left is load-bearing

25%50%75%100%$1.0M$10Mgrantee revenue →↑ funder's share of their budgetUNIVERSITY OF NEW HAMPSHIRE FOUNDATION INCORPORATED: $254,500 over 5y, 0.3% of budgetUTEC Inc: $75,000 over 8y, 0.1% of budgetCHILDREN'S MUSEUM OF NEW HAMPSHIRE: $69,000 over 7y, 1.7% of budgetVERMONT COMMUNITY LOAN FUND: $65,000 over 7y, 0.7% of budgetSEEDS OF HOPE NEIGHBORHOOD CENTER: $20,000 over 2y, 1.0% of budgetGIRLS INC OF THE VALLEY: $20,000 over 2y, 0.4% of budgetNEW ENGLAND VILLAGE INC: $20,000 over 2y, 0.1% of budgetVERMONT FARM-TO-SCHOOL INC: $20,000 over 5y, 0.6% of budgetCommon Threads of Maine: $20,000 over 2y, 6.2% of budgetUniversity of Southern Maine Foundation: $15,000 over 1y, 0.1% of budgetSTRAWBERY BANKE MUSEUM: $15,000 over 1y, 0.5% of budgetKITTERY LAND TRUST INC: $12,500 over 1y, 0.3% of budgetBOXES OF LOVE FOR THE HOMELESS: $12,500 over 1y, 3.4% of budgetTHE CENTER FOR GRIEVING CHILDREN: $12,500 over 1y, 0.9% of budgetMy Place Teen Center Inc: $10,000 over 2y, 0.5% of budgetBOYS & GIRLS CLUB OF MARSHFIELD INC: $10,000 over 1y, 0.6% of budgetBIG BROTHERS BIG SISTERS NEW HAMPSHIRE: $10,000 over 1y, 0.7% of budgetFRIENDS FOREVER: $10,000 over 1y, 0.6% of budgetHope for Tomorrow Foundation: $10,000 over 1y, 0.1% of budgetVALLEY VENTURE MENTORING SERVICE INC: $5,000 over 1y, 1.9% of budgetCrossroads for Women Inc: $5,000 over 1y, 0.1% of budgetECONOMIC DEVELOPMENT COUNCIL OF WESTERN MASSACHUSETTS INC: $5,000 over 1y, 0.1% of budgetALPHA LOFT: $5,000 over 1y, 2.9% of budget
Grantee by grantee: a decade per organization, before and after funding

A decade per grantee: revenue shaded, grants as bars, all rows on one timeline.

Co-funders

Grantmakers whose grantees overlap with this funder’s far more than size alone predicts. Closer means stronger alignment; arcs show where they also fund each other. Here they form a tightly interlocked group: most of these funders back each other's grantees too.

New Hampshire Charita…Eastern Bank Foundati…Bangor Savings Bank F…Maine Community Found…Peoples United Commun…Td Charitable Foundat…Exeter Hospital IncFederal Savings Bank …The Widgeon Point Cha…A Caring Community IncSam L Cohen FoundationAgnes M Lindsay Trust
New Hampshire Charitable FoundationNH24× affinity10 shared granteesties to 11 of 11Hover any node to trace its alignments.Compare side by side →

Open a dossier: New Hampshire Charitable Foundation · Eastern Bank Foundation · Bangor Savings Bank Foundation · Maine Community Foundation Inc · Peoples United Community Foundation · Td Charitable Foundation · Exeter Hospital Inc · Federal Savings Bank Charitable Foundation Inc · The Widgeon Point Charitable Foundation · A Caring Community Inc · Sam L Cohen Foundation · Agnes M Lindsay Trust

How this is measured
Affinity is a Gamma-Poisson posterior co-funding rate, re-centered on the typical rate, so thin evidence shrinks toward no signal. Overlap is association, not proof of shared intent.

How much its grantees rely on government

Each dot is one organization Granite State Economic Development Corp funds: left to right is the share of its income from government, bottom to top the share from Granite State Economic Development Corp. Bigger dots raise more.

2024
’20’21’22’23’24’25
no gov · 00%1%3%6%10%funder's share of their income ↑0%25%50%75%100%share of the org’s income from government →median 30%
  • New England Village Inc: 68% of income from government
  • Utec Inc: 46% of income from government
  • Valley Venture Mentoring Service Inc: 32% of income from government
  • Girls Inc of the Valley: 30% of income from government
  • Community Capital of Vermont: 26% of income from government
  • Vermont Community Loan Fund: 14% of income from government
  • Vermont Farm-to-School Inc: 7% of income from government
no gov moneyreceives it· size = income
0get no government money at all
4report government grants on their 990 we could not trace to a source (not plotted)
1rely on government for over half their income
typical government reliance, FY20–25
How this is measured
Government income is each org’s traced federal awards (USASpending grants and contracts) plus state payments (open checkbooks) as a share of its total revenue (IRS Form 990); the self-reported government-grant line (990 line 1e) is carried for cross-check: a grantee that reports government grants we could not trace to a source is left off the chart rather than shown as receiving none. An association, not a claim that a grant caused the public funding. Coverage is precision-first, a floor rather than a census; state records exist for 9 states, so a grantee outside them shows no state figure (dimmed) rather than a false zero. Federal award amounts are obligations, which can span years, so a single-year share is indicative. 990 filings lag 12 to 24 months.

On method. Every financial figure here is read from IRS e-file XML, the funder’s own 990/990-PF, and from the multi-year returns of the 32 grantees we resolved, each linked to its source. Grantee outcomes are each organization’s own program-service reporting (Form 990, Part III), read as association with funding, never as caused by it. Low-confidence name matches are suppressed rather than guessed. How we build these →

How this is measured
Each figure carries one of six labels. Filed is what the funder reported on its return. Official is another government record about an organization, such as a federal award or a charity register, joined by name where no shared identifier exists. Resolved is an identity we worked out where the filing named a recipient without an EIN, kept only above a measured confidence threshold. Computed is arithmetic over those, like themes, portfolio clusters and co-funder strength. Context is a statistic about a place rather than about an organization, which is what the need overlay is: it describes the area a grantee’s address sits in, not where its work lands. Inferred is drawn by a model from text, like the partnerships read out of public news and organization websites. Each is labeled where it appears.

Generated from the IRS Form 990 e-file return for fiscal year 2025, released 2025. Filings run roughly 12 to 24 months behind; figures are dated accordingly.

Source object · view filing

Play a game based on Granite State Economic Development’s filings →

More from the funding graph

The unnamed billions
grants reported with no recipient in the public record
The regranting layer
51% of grant dollars land in the regranting layer
The DAF merry-go-round
$9.7B circulates between donor-advised funds
The endowment market
who holds foundation money, and what just moved
The camps
funders cluster by geography, not ideology
By state
where grant money is based, and what stays home