2026-09-03T13:43:29-05:00 2025-12-31 020449197 OSTER & WHEELER PC 265 WASHINGTON ST KEENE NH 03431 990 2025-01-01 203427007 GRANITE STATE RURAL WATER ASSOCIATION GRAN 6039987207 607 TENNEY MOUNTAIN HWY 222 PLYMOUTH NH 03264 ANTHONY CAVELIERE PRESIDENT 6037563670 2026-09-03 1 CHRISTOPHER R WHEELER CPA P01436628 6033524500 2026-09-03 2025 ANTHONY CAVELIERE 47 MAIN STREET WALPOLE NH 03608 1170743 0 X HTTP://WWW.GRANITESTATEWATER.ORG/ X 2005 NH PROVIDE AID TO WATER AND WASTEWATER SYSTEMS THROUGH TRAINING AND ON-SITE TECHNICAL ASSISTANCE THROUGHOUT NEW HAMPSHIRE. 6 6 11 0 0 0 93302 118364 899191 1027354 44 3600 29175 21425 1021712 1170743 0 0 0 0 546694 651196 0 0 11555 413889 498576 960583 1149772 61129 20971 757213 799116 97872 118804 659341 680312 X PROVIDE AID TO WATER AND WASTEWATER SYSTEMS THROUGH TRAINING AND ON-SITE TECHNICAL ASSISTANCE THROUGHOUT NEW HAMPSHIRE. 0 0 183154 264840 CIRCUIT RIDER PROGRAM - PROVIDE ON SITE TECHNICAL ASSISTANCE AND TRAINING FOR WATER SYSTEMS TO RURAL COMMUNITIES AND SMALL MUNCIPALITIES IN NEW HAMPSHIRE. 120510 130349 WASTE WATER - PROVIDE TECHNICAL ASSISTANCE FOR WASTE WATER SYSTEMS FOR RURAL AND SMALL MUNICIPALITES IN NEW HAMPSHIRE. 92432 141990 SOURCE WATER - PROVIDE TECHNICAL ASSISTANCE TO PROTECT SOURCE WATER OF DRINKING SYSTEMS FOR RURAL AND SMALL MUNICIPALITES IN NEW HAMPSHIRE. 465304 518113 EPA TAT - PROVIDE ON-SITE TECHNICAL ASSISTANCE AND TRAINING FOR TOWNS AND SMALL MUNICIPALITIES IN NEW HAMPSHIRE.ALONG WITH OTHER PROGRAM RELATED ACTIVITIES. 465304 518113 861400 0 0 0 1 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 16 0 1 11 1 1 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 NH X X STEPHEN D' ALESSIO 6033521000 THOMPSON COMPANY 543 WEST STREET KEENE NH 03431 JASON RANDALL VICE PRESIDENT 2.00 X X 0 0 0 RICHARD EMBERLEY DIRECTOR 1.00 X 0 0 0 APRIL BUSFIELD SECRETARY/TREASURER 3.00 X X 0 0 0 ANTHONY CAVELIERE PRESIDENT 5.00 X X 0 0 0 JOHN COFFEY DIRECTOR 1.00 X 0 0 0 MICHAEL HEIDORN DIRECTOR AT LARGE 1.00 X 0 0 0 LUIS ADORNO EXECUTIVE DIRECTOR 40.00 X 119483 0 8364 119483 0 8364 1 0 0 0 0 110719 7645 118364 GRANTS 541900 752909 752909 TRAINING FEES 541900 94078 94078 SPECIAL EVENTS 541900 71957 71957 OTHER 541900 56863 56863 FEE FOR SERVICE 541900 51547 51547 1027354 3600 3600 ADVERTISING 541800 21425 21425 21425 1170743 1048779 0 3600 127847 108670 19177 450337 382786 67551 29816 25343 4473 43196 36717 6479 49083 49083 62336 31075 19706 11555 14378 5751 8627 74297 70582 3715 6902 5522 1380 5119 5119 MATERIALS AND SUPPLIES 55733 39013 16720 TRAINING CLASS EXPENSES 53419 37393 16026 PROGRAM SUPPORT 49272 39418 9854 ACTIVITIES AND TRADE SH 48307 38646 9661 79730 40484 39246 1149772 861400 276817 11555 540416 438205 93069 110762 98298 50396 21529 94780 6474 14087 64166 41061 26967 23105 22198 16043 757213 799116 51963 55090 23711 41158 22198 22556 97872 118804 X 654601 675882 4740 4430 659341 680312 757213 799116 20971 0 X 0 1 X 1 0 1 1 0 64166 41061 23105 23105 CURRENT PORTION COPIER LEASE 6512 OPERATING LEASE LIABILITY 9531 REFUNDABLE ADVANCES 6513 22556 X 1187518 16775 16775 1170743 0 1170743 1166547 16775 16775 1149772 0 1149772 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAX UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THE ORGANIZATION HAS EVALUATED ITS SIGNIFICANT TAX POSITIONS, INCLUDING THEIR TAX EXEMPT STATUS, AND DETERMINED THAT THEY DO NOT NEED TO RECOGNIZE A LIABILITY FOR ANY UNCERTAIN TAX POSITIONS FOR INTEREST, PENALTIES OR POTENTIAL TAXES. ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS CONSIST OF SYSTEM MEMBERS (ANY PUBLIC WATER OR WASTEWATER SYSTEM) AND ASSOCIATE MEMBERS (MEMBER FROM FIRMS, ORGANIZATIONS OR CORPORATIONS) DESIRING TO ASSIST IN THE WORK OF GSRWA OR INDIVIDUAL MEMBERS ADHERING TO THE PURPOSE OF GSRWA. ONLY SYSTEM MEMBERS HAVE THE RIGHT TO VOTE AND WHO CAN ELECT THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B SYSTEM MEMBERS MAY ATTEND ANNUAL OR SPECIAL MEETINGS AND HAVE THE RIGHT TO VOTE ON ANY MATTER UPON WHICH MEMBERS MAY VOTE. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY MANAGEMENT AS WELL AS BOARD OF DIRECTORS BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C NO STAFF MEMBER OR BOARD MEMBER IS ALLOWED TO BE INVOLVED IN ANY KIND OF BUSINESS THAT IS IN CONFLICT WITH THE ORGANIZATION'S BUSINESS. ANY POTENTIAL SITUATION IS DISCUSSED WITH THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 BEFORE THE START OF THE YEAR ANY INCREASE IN SALARIES IS BUDGETED BY THE EXECUTIVE DIRECTOR AND SHARED WITH THE BOARD OF DIRECTORS FOR APPROVAL. SALARIES AS PART OF BUDGET ARE REVIEWED AND APPROVED BY THE BOARD OF DIRECTORS. THE APPROVAL IS DOCUMENTED IN THE MINUTES OF MEETINGS. THE COMPENSATION OF EXECUTIVE DIRECTOR IS APPROVED BY BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE AVAILABLE UPON REQUEST AT GSRWA OFFICE. PAGE 6, PART VI, SECTION B THE ORGANIZATION HAS A RELATIONSHIP WITH AQUASERVE, LLC ("AQUASERVE"), A NEW HAMPSHIRE LIMITED LIABILITY COMPANY, THROUGH COMMON MANAGEMENT AND SHARED OPERATIONAL ACTIVITIES. THE ORGANIZATION'S EXECUTIVE DIRECTOR IS INVOLVED IN THE MANAGEMENT OF AQUASERVE AND RECEIVES COMPENSATION FROM BOTH ORGANIZATIONS FOR SERVICES PROVIDED TO EACH ENTITY. DURING THE YEAR ENDED DECEMBER 31, 2025, THE ORGANIZATION ENTERED INTO A LOAN AGREEMENT WITH AQUASERVE WHEREBY THE ORGANIZATION ADVANCED $100,000 TO AQUASERVE. THE NOTE BEARS INTEREST AT 5.0% PER ANNUM AND REQUIRES MONTHLY PAYMENTS OF PRINCIPAL AND INTEREST THROUGH APRIL 2035. AT DECEMBER 31, 2025, THE OUTSTANDING BALANCE OF THE NOTE RECEIVABLE WAS $94,780, OF WHICH $8,248 IS DUE WITHIN ONE YEAR AND $86,532 IS DUE THEREAFTER. INTEREST INCOME RECOGNIZED ON THE NOTE DURING THE YEAR ENDED DECEMBER 31, 2025 WAS APPROXIMATELY $3,314. IN ADDITION, EFFECTIVE APRIL 1, 2025, THE ORGANIZATION ENTERED INTO AN ADMINISTRATIVE SERVICES AGREEMENT WITH AQUASERVE. UNDER THE AGREEMENT, THE ORGANIZATION PROVIDES CERTAIN ADMINISTRATIVE AND SUPPORT SERVICES, INCLUDING INFORMATION TECHNOLOGY SUPPORT, TELEPHONE ANSWERING SERVICES, BILLING AND COLLECTION SERVICES, AND ACCOUNTING AND TAX SERVICES. IN CONSIDERATION FOR THESE SERVICES, AQUASERVE IS REQUIRED TO PAY THE ORGANIZATION A MONTHLY MANAGEMENT FEE OF $1,000. REVENUE RECOGNIZED BY THE ORGANIZATION UNDER THIS AGREEMENT DURING THE YEAR ENDED DECEMBER 31, 2025 TOTALED $7,000. AMOUNTS RECEIVABLE FROM AQUASERVE UNDER THE AGREEMENT AT DECEMBER 31, 2025 TOTALED $0. THE ORGANIZATION AND AQUASERVE OPERATE FROM THE SAME BUSINESS LOCATION AND MAY SHARE CERTAIN ADMINISTRATIVE RESOURCES IN THE NORMAL COURSE OF OPERATIONS. MANAGEMENT BELIEVES THAT TRANSACTIONS WITH AQUASERVE ARE CONDUCTED IN ACCORDANCE WITH THE TERMS OF THE UNDERLYING AGREEMENTS AND THAT THE RELATED BALANCES ARE COLLECTIBLE. THE BOARD OF DIRECTORS REVIEWED AND APPROVED THE LOAN AGREEMENT AND ADMINISTRATIVE SERVICES AGREEMENT. MANAGEMENT HAS DISCLOSED ALL KNOWN RELATED-PARTY TRANSACTIONS BETWEEN THE ORGANIZATION AND AQUASERVE THAT OCCURRED DURING THE YEAR ENDED DECEMBER 31, 2025. MANAGEMENT REPRESENTS THAT NEITHER THE ASSOCIATION, ITS OFFICERS, NOR MEMBERS OF ITS GOVERNING BOARD POSSESS ANY DIRECT OWNERSHIP INTEREST IN OR VOTING CONTROL OF AQUASERVE LLC.