Nonprofit · EIN 84-1703144
VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC
Tax-exempt · RICHMOND, VA 23219
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,532,347 | $2,764,280 | -$231,933 | $1,455,040 | $0 | $1,455,040 |
| June 30, 2024 | 990 | $1,656,205 | $1,660,288 | -$4,083 | $1,686,973 | $0 | $1,686,973 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $2,529,148
- Investment income
- $3,199
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
Balance sheet and other
- Total assets, start of year
- $1,686,973
- Total assets, end of year
- $1,455,040
- Total liabilities, end of year
- $0
- Net assets, end of year
- $1,455,040
- Gross receipts
- $2,532,347
- Employees
- 0
- Volunteers
- 9
- Year formed
- 2005
- State of legal domicile
- VA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES C GRANDSTAFF | PRESIDENT Trustee or director, Officer | 4 | $0 |
| MICHAEL MCGRATH | VICE PRESI Trustee or director, Officer | 4 | $0 |
| JOHN DANO | TREASURER Trustee or director, Officer | 4 | $0 |
| ROBERT WILSON | DIECTOR Trustee or director | 2 | $0 |
| ANDREW PARKER | DIRECTOR Trustee or director | 2 | $0 |
| TIM MITCHELL | DIRECTOR Trustee or director | 2 | $0 |
| JAMES TAYLOR | DIRECTOR Trustee or director | 2 | $0 |
| ALLISON DIENES | DIRECTOR Trustee or director | 2 | $0 |
| ED PETROVITCH | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended June 30, 2024: 10 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JAMES C GRANDSTAFF | PRESIDENT Trustee or director, Officer | 3 | $0 |
| MICHAEL MCGRATH | VICE PRESI Trustee or director, Officer | 3 | $0 |
| STEVEN HERZOG | TREASURER Trustee or director, Officer | 3 | $0 |
| JOHN DANO | DIRECTOR Trustee or director | 1 | $0 |
| ALLISON DIENES | DIRECTOR Trustee or director | 1 | $0 |
| TIM MITCHELL | DIRECTOR Trustee or director | 1 | $0 |
| ANDREW PARKER | DIRECTOR Trustee or director | 1 | $0 |
| ED PETROVITCH | DIRECTOR Trustee or director | 1 | $0 |
| JAMES TAYLOR | DIRECTOR Trustee or director | 1 | $0 |
| ROBERT WILSON | DIECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- C/O AQUALAW PLC 6 SOUTH 5TH ST, RICHMOND, VA 23219-0000
- In care of
- % AQUALAW PLC
- Principal officer (990 for 2024)
- JAMES C GRANDSTAFF, C/O AQUALAW PLC 6 S 5TH STREET, RICHMOND, VA 23219
- Signed the 990
- JOHN DANO, TREASURER
- Phone
- (804) 716-9021
- Return prepared by
- CLARKSON DAVID CPA PC
Mission
TO COORDINATE AND FACILITATE PARTICIPATION OF ITS MEMBERS IN VIRGINIA'S CHESAPEAKE BAY WATERSHED NUTRIENT CREDIT EXCHANGE PROGRAM.
Program accomplishments
- THE 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.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 84-1703144
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2007
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $1,455,040
- Income (IRS master file)
- $2,532,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,532,347 | $2,764,280 | $1,455,040 | XML |
| 990 | June 2024 | $1,656,205 | $1,660,288 | $1,686,973 | XML |
| 990 | June 2023 | $1,629,964 | $1,321,134 | $1,691,056 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 84-1703144).
Questions about VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC
- What is the EIN of VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC?
- The employer identification number (EIN) of VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC is 84-1703144.
- Is VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2007.
- Are donations to VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 names JAMES C GRANDSTAFF.
- Who are the officers and directors of VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC?
- The 990 for the year ended June 30, 2025 lists 9 people; 0 received compensation from the organization.
- How much revenue does VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,532,347, expenses of $2,764,280 and total assets of $1,455,040 at year end.
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All nonprofits in RICHMOND · Virginia · Community improvement and capacity building