Civic Intelligence

Virginia Nutrient Credit

EIN 84-1703144 • 501(c)6 • Richmond, VA

Profile

To coordinate and facilitate participation of its members in virginia's chesapeake bay watershed nutrient credit exchange program.

C/O Aqualaw Plc 6 South 5th StRichmond, VA 23219-3824

www.theexchangeassociation.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

12th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Liabilities / Revenue

13th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Net Margin

14th percentile

-9.2%

Higher net margin than 14% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Top Officer Pay

30th percentile

$0

Higher top officer pay than 30% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2025

Asset Growth

11th percentile

-14%

Faster asset growth than 11% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Revenue Growth

93rd percentile

53%

Faster revenue growth than 93% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2024 to 2025

Assets

Down

$1,455,040

Down $231,933 (-14%) from 2024

Liabilities

Flat

$0

Flat from 2024

Net Assets

Down

$1,455,040

Down $231,933 (-14%) from 2024

Revenue

Up

$2,532,347

Up $876,142 (+53%) from 2024

Expenses

Up

$2,764,280

Up $1,103,992 (+66%) from 2024

Net Income

Down

-$231,933

Down $227,850 (-5580%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$2.0M$1.5M$1.0M$500K$0Assets 2011: $156,912Liabilities 2011: $0Net Assets 2011: $156,9122011Assets 2012: $1,970,422Liabilities 2012: $0Net Assets 2012: $1,970,4222012Assets 2013: $1,304,907Liabilities 2013: $0Net Assets 2013: $1,304,9072013Assets 2014: $1,421,996Liabilities 2014: $0Net Assets 2014: $1,421,9962014Assets 2015: $1,802,857Liabilities 2015: $0Net Assets 2015: $1,802,8572015Assets 2016: $1,535,955Liabilities 2016: $14,123Net Assets 2016: $1,521,8322016Assets 2017: $1,669,184Liabilities 2017: $0Net Assets 2017: $1,669,1842017Assets 2018: $1,089,419Liabilities 2018: $0Net Assets 2018: $1,089,4192018Assets 2019: $1,532,130Liabilities 2019: $0Net Assets 2019: $1,532,1302019Assets 2020: $1,757,931Liabilities 2020: $0Net Assets 2020: $1,757,9312020Assets 2021: $1,528,211Liabilities 2021: $0Net Assets 2021: $1,528,2112021Assets 2022: $1,382,226Liabilities 2022: $0Net Assets 2022: $1,382,2262022Assets 2023: $1,691,056Liabilities 2023: $0Net Assets 2023: $1,691,0562023Assets 2024: $1,686,973Liabilities 2024: $0Net Assets 2024: $1,686,9732024Assets 2025: $1,455,040Liabilities 2025: $0Net Assets 2025: $1,455,0402025

Highlighted filing

2025

Assets$1,455,040
Liabilities$0
Net Assets$1,455,040

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $244,365Expenses 2011: $131,398Net Income 2011: $112,9672011Revenue 2012: $2,001,546Expenses 2012: $189,039Net Income 2012: $1,812,5072012Revenue 2013: $1,370,905Expenses 2013: $2,036,420Net Income 2013: -$665,5152013Revenue 2014: $1,450,632Expenses 2014: $1,333,538Net Income 2014: $117,0942014Revenue 2015: $1,764,854Expenses 2015: $1,383,993Net Income 2015: $380,8612015Revenue 2016: $1,455,777Expenses 2016: $1,736,802Net Income 2016: -$281,0252016Revenue 2017: $1,642,500Expenses 2017: $1,495,148Net Income 2017: $147,3522017Revenue 2018: $1,096,448Expenses 2018: $1,676,213Net Income 2018: -$579,7652018Revenue 2019: $1,558,569Expenses 2019: $1,115,858Net Income 2019: $442,7112019Revenue 2020: $1,677,252Expenses 2020: $1,451,451Net Income 2020: $225,8012020Revenue 2021: $1,477,627Expenses 2021: $1,707,347Net Income 2021: -$229,7202021Revenue 2022: $1,346,416Expenses 2022: $1,492,401Net Income 2022: -$145,9852022Revenue 2023: $1,629,964Expenses 2023: $1,321,134Net Income 2023: $308,8302023Revenue 2024: $1,656,205Expenses 2024: $1,660,288Net Income 2024: -$4,0832024Revenue 2025: $2,532,347Expenses 2025: $2,764,280Net Income 2025: -$231,9332025

Highlighted filing

2025

Revenue$2,532,347
Expenses$2,764,280
Net Income-$231,933

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.46$0.00$1.46$2.53$2.76$0.23
2024Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$1.66$1.66$0.00
2023Detailed filing. Detailed filing data is available for this year.$1.69$0.00$1.69$1.63$1.32$0.31
2022Detailed filing. Detailed filing data is available for this year.$1.38$0.00$1.38$1.35$1.49$0.15
2021Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$1.48$1.71$0.23
2020Detailed filing. Detailed filing data is available for this year.$1.76$0.00$1.76$1.68$1.45$0.23
2019Detailed filing. Detailed filing data is available for this year.$1.53$0.00$1.53$1.56$1.12$0.44
2018Detailed filing. Detailed filing data is available for this year.$1.09$0.00$1.09$1.10$1.68$0.58
2017Detailed filing. Detailed filing data is available for this year.$1.67$0.00$1.67$1.64$1.50$0.15
2016Detailed filing. Detailed filing data is available for this year.$1.54$0.01$1.52$1.46$1.74$0.28
2015Detailed filing. Detailed filing data is available for this year.$1.80$0.00$1.80$1.76$1.38$0.38
2014Summary only. Only limited summary data is available for this year.$1.42$0.00$1.42$1.45$1.33$0.12
2013Summary only. Only limited summary data is available for this year.$1.30$0.00$1.30$1.37$2.04$0.67
2012Summary only. Only limited summary data is available for this year.$1.97$0.00$1.97$2.00$0.19$1.81
2011Summary only. Only limited summary data is available for this year.$0.16$0.00$0.16$0.24$0.13$0.11
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Oct 23, 2025
Return Version
2024v5.0
Gross Receipts
$2,532,347
Mission and Program Overview

Mission

To coordinate and facilitate participation of its members in virginia's chesapeake bay watershed nutrient credit exchange program.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,686,973$1,455,040▼ $231,933
Savings and Temporary Cash Investments$1,612,095$1,306,111▼ $305,984
Cash and Non-Interest-Bearing Accounts$74,878$148,929▲ $74,051
Total Assets$1,686,973$1,455,040▼ $231,933
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,686,973$1,455,040▼ $231,933
Total Liabilities and Net Assets / Fund Balance$1,686,973$1,455,040▼ $231,933
Compensation and Service Providers

Board Members and Trustees

NameTitle
James C GrandstaffPresident
Allison DienesDirector
Andrew ParkerDirector
Ed PetrovitchDirector
James TaylorDirector
Tim MitchellDirector
Robert WilsonDiector
John DanoTreasurer
Michael McgrathVice Presi

Highest Paid Contractors

ContractorServicesLocationCompensation
Aqualaw PlcManagement6 SOUTH 5TH ST, Richmond, VA 23219$132,865
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$2,529,148
Investment Income
$3,199
Other Revenue
$0
Change in Net Assets
$-231,933
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,764,280
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other---$2,413,446
Fees for Services Management---$348,762
Insurance---$1,908
Other Expenses---$164
Total Functional Expenses$0$0$0$2,764,280
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

Management responsibilities have been contracted to an independent third party - aqualaw, plc. During the fiscal year, aqualaw was compensated 182,165 for their services. No trustees, directors, officers or key employees of the association were employed by aqualaw.

Form 990, Page 6, Part VI, Line 6

The association is comprised of public facility members and private facility members. In addition, there are two classes of affiliation known as facility affiliates and consultant affiliates.

Form 990, Page 6, Part VI, Line 7A

Public facility members and private facility members have the right to vote for the election of the members of the governing body and on each additional matter presented for such members for their consideration.

Form 990, Page 6, Part VI, Line 8B

The association does not have any committee with authority to act on behalf of the governing body.

Form 990, Page 6, Part VI, Line 11B

The association's treasurer reviews form 990 before it is filed with irs.

Form 990, Page 6, Part VI, Line 12C

The association follows the conflict of interest policy in section 13.1-871 of the virginia code, which is part of the virginia non- stock corporation law. The directors of the association regularly and consistently monitor and enforce compliance with section 13.1-871 of the virginia code by having the directors disclose any financial interest in new vendors/companies before such parties are hired to work for the association.

Form 990, Page 6, Part VI, Line 19

The association discloses its governing documents, conflict of interest policy and financial statements to the public upon request.

Form 990, Part VII

List of officers, directors, trustees, and key employees, column (b) "average hours per week devoted to position". For this question, the organization has reported the average hours per year devoted to position.

Filing and Contact Details

Filer

Filer Name
Virginia Nutrient Credit
EIN
84-1703144
Phone
8047169021
Address
C/O AQUALAW PLC 6 SOUTH 5TH ST, RICHMOND, VA 23219-3824

Signing Officer

Name
John Dano
Title
Treasurer
Phone
8047169021
Signed
2025-10-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
James C Grandstaff
Formed
2005
Legal Domicile
Va
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
9

Preparer

Firm
Clarkson David CPA Pc
Address
11541 NUCKOLS RD STE A, GLEN ALLEN, VA 23059
Preparer
Cheri G David CPA Cva
Phone
8042700784
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Members of the board of governors volunteer their time and services to the association.

Form 990, Part IX, Line 11G

Disburse nutrient credits 2,413,446 0 0

Raw XML Appendix302 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO COORDINATE AND FACILITATE PARTICIPATION OF ITS MEMBERS IN VIRGINIA'S CHESAPEAKE BAY WATERSHED NUTRIENT CREDIT EXCHANGE PROGRAM.
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BooksInCareOfDetail/PersonNm0JOHN DANO
IRS990/BooksInCareOfDetail/PhoneNum08047169021
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01436 AIR RAIL AVENUE
IRS990/BooksInCareOfDetail/USAddress/CityNm0VIRGINIA BEACH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd023455
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt074878
IRS990/CashNonInterestBearingGrp/EOYAmt0148929
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt01
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0132865
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt06 SOUTH 5TH ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0RICHMOND
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0VA
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd023219
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0AQUALAW PLC
IRS990/ContractorCompensationGrp/ServicesDesc0MANAGEMENT
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt03199
IRS990/CYOtherExpensesAmt02764280
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt02529148
IRS990/CYRevenuesLessExpensesAmt0-231933
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt02764280
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02532347
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0true
IRS990/Desc0THE ASSOCIATION COORDINATES AND FACILITATES ITS MEMBER PARTICIPATION IN VIRGINIA'S CHESAPEAKE BAY WATERSHED NUTRIENT CREDIT EXCHANGE PROGRAM, ENACTED INTO VIRGINIA LAW IN 2005. THE PURPOSE OF THE PROGRAM IS TO ENABLE VIRGINIA TO MEET CHESAPEAKE BAY WASTE LOAD ALLOCATIONS COST-EFFECTIVELY AND AS SOON AS POSSIBLE, WHILE ACCOMODATING CONTINUED GROWTH AND DEVELOPMENT UNDER NUTRIENT CAP ALLOCATIONS. DURING THE YEAR, THE ASSOCIATION COMPLETED THE ANNUAL UPDATE OF COMPLIANCE PLAN REQUIRED BY VIRGINIA STATE WATER CONTROL BOARD. ALSO, THE ASSOCIATION RECEIVED AND MADE PAYMENTS FOR NUTRIENT CREDITS THAT WERE PURCHASED AND SOLD DURING THE YEAR.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt00
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesManagementGrp/TotalAmt0348762
IRS990/FeesForServicesOtherGrp/TotalAmt02413446
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt04.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt24.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/PersonNm0JAMES C GRANDSTAFF
IRS990/Form990PartVIISectionAGrp/PersonNm1MICHAEL MCGRATH
IRS990/Form990PartVIISectionAGrp/PersonNm2JOHN DANO
IRS990/Form990PartVIISectionAGrp/PersonNm3ROBERT WILSON
IRS990/Form990PartVIISectionAGrp/PersonNm4ANDREW PARKER
IRS990/Form990PartVIISectionAGrp/PersonNm5TIM MITCHELL
IRS990/Form990PartVIISectionAGrp/PersonNm6JAMES TAYLOR
IRS990/Form990PartVIISectionAGrp/PersonNm7ALLISON DIENES
IRS990/Form990PartVIISectionAGrp/PersonNm8ED PETROVITCH
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESI
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr02005
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt02532347
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt09
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt01908
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt03199
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt03199
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0VA
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0false
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO COORDINATE AND FACILITATE PARTICIPATION OF ITS MEMBERS IN VIRGINIA'S CHESAPEAKE BAY WATERSHED NUTRIENT CREDIT EXCHANGE PROGRAM.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt01686973
IRS990/NetAssetsOrFundBalancesEOYAmt01455040
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0BANK CHARGES
IRS990/OtherExpensesGrp/TotalAmt0164
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0JAMES C GRANDSTAFF
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0NUTRIENT CREDIT PURCHASES
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES
IRS990/ProgramServiceRevenueGrp/ExclusionAmt02362465
IRS990/ProgramServiceRevenueGrp/ExclusionAmt1166683
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02362465
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1166683
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYInvestmentIncomeAmt03701
IRS990/PYOtherExpensesAmt01660288
IRS990/PYProgramServiceRevenueAmt01652504
IRS990/PYRevenuesLessExpensesAmt0-4083
IRS990/PYTotalExpensesAmt01660288
IRS990/PYTotalRevenueAmt01656205
IRS990/ReconcilationRevenueExpnssAmt0-231933
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt01686973
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt01455040
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01612095
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01306111
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MEMBERS OF THE BOARD OF GOVERNORS VOLUNTEER THEIR TIME AND SERVICES TO THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MANAGEMENT RESPONSIBILITIES HAVE BEEN CONTRACTED TO AN INDEPENDENT THIRD PARTY - AQUALAW, PLC. DURING THE FISCAL YEAR, AQUALAW WAS COMPENSATED 182,165 FOR THEIR SERVICES. NO TRUSTEES, DIRECTORS, OFFICERS OR KEY EMPLOYEES OF THE ASSOCIATION WERE EMPLOYED BY AQUALAW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ASSOCIATION IS COMPRISED OF PUBLIC FACILITY MEMBERS AND PRIVATE FACILITY MEMBERS. IN ADDITION, THERE ARE TWO CLASSES OF AFFILIATION KNOWN AS FACILITY AFFILIATES AND CONSULTANT AFFILIATES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PUBLIC FACILITY MEMBERS AND PRIVATE FACILITY MEMBERS HAVE THE RIGHT TO VOTE FOR THE ELECTION OF THE MEMBERS OF THE GOVERNING BODY AND ON EACH ADDITIONAL MATTER PRESENTED FOR SUCH MEMBERS FOR THEIR CONSIDERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ASSOCIATION DOES NOT HAVE ANY COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ASSOCIATION'S TREASURER REVIEWS FORM 990 BEFORE IT IS FILED WITH IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE ASSOCIATION FOLLOWS THE CONFLICT OF INTEREST POLICY IN SECTION 13.1-871 OF THE VIRGINIA CODE, WHICH IS PART OF THE VIRGINIA NON- STOCK CORPORATION LAW. THE DIRECTORS OF THE ASSOCIATION REGULARLY AND CONSISTENTLY MONITOR AND ENFORCE COMPLIANCE WITH SECTION 13.1-871 OF THE VIRGINIA CODE BY HAVING THE DIRECTORS DISCLOSE ANY FINANCIAL INTEREST IN NEW VENDORS/COMPANIES BEFORE SUCH PARTIES ARE HIRED TO WORK FOR THE ASSOCIATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7THE ASSOCIATION DISCLOSES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8LIST OF OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES, COLUMN (B) "AVERAGE HOURS PER WEEK DEVOTED TO POSITION". FOR THIS QUESTION, THE ORGANIZATION HAS REPORTED THE AVERAGE HOURS PER YEAR DEVOTED TO POSITION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9DISBURSE NUTRIENT CREDITS 2,413,446 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART VII
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01686973
IRS990/TotalAssetsEOYAmt01455040
IRS990/TotalAssetsGrp/BOYAmt01686973
IRS990/TotalAssetsGrp/EOYAmt01455040
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt02764280
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01686973
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01455040
IRS990/TotalProgramServiceRevenueAmt02529148
IRS990/TotalRevenueGrp/ExclusionAmt02529148
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03199
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt02532347
IRS990/TotalVolunteersCnt09
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01686973
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01455040
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0C/O AQUALAW PLC 6 S 5TH STREET
IRS990/USAddress/CityNm0RICHMOND
IRS990/USAddress/StateAbbreviationCd0VA
IRS990/USAddress/ZIPCd023219
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.THEEXCHANGEASSOCIATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JOHN DANO
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum08047169021
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-23
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0VIRGINIA NUTRIENT CREDIT
ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt0EXCHANGE ASSOCIATION INC
ReturnHeader/Filer/BusinessNameControlTxt0VIRG
ReturnHeader/Filer/EIN0841703144
ReturnHeader/Filer/PhoneNum08047169021
ReturnHeader/Filer/USAddress/AddressLine1Txt0C/O AQUALAW PLC 6 SOUTH 5TH ST
ReturnHeader/Filer/USAddress/CityNm0RICHMOND
ReturnHeader/Filer/USAddress/StateAbbreviationCd0VA
ReturnHeader/Filer/USAddress/ZIPCd0232193824
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0208934673
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CLARKSON DAVID CPA PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011541 NUCKOLS RD STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0GLEN ALLEN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0VA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd023059
ReturnHeader/PreparerPersonGrp/PhoneNum08042700784
ReturnHeader/PreparerPersonGrp/PreparationDt02025-10-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0CHERI G DAVID CPA CVA
ReturnHeader/ReturnTs02025-10-27T11:51:01-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-07-01
ReturnHeader/TaxPeriodEndDt02025-06-30
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.