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EIN 84-1703144

Virginia Nutrient Credit Exchange Association

IRS 501(c) type
501(c)(6)
Num. employees
0
City
Richmond
State
Virginia
Year formed
2005
Most recent tax filings
2023-06-01
NTEE code, primary
C20: Pollution Abatement and Control Services
Description
The Virginia Nutrient Credit Exchange Association is a voluntary association of 73 owners of 105 treatment facilities cleaning wastewater in the Chesapeake Bay watershed to reduce nitrogen and phosphorus. The Nutrient Exchange was established in 2005 to coordinate and facilitate nutrient credit trading among its members to help improve water quality efficiently and cost-effectively. Today, the Nutrient Exchange is considered the largest and most successful water quality trading program in the United States.
Total revenues
$1,629,964
2023
Total expenses
$1,321,134
2023
Total assets
$1,691,056
2023
Num. employees
0
2023

Program areas at Virginia Nutrient Credit Exchange Association

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.

Personnel at Virginia Nutrient Credit Exchange Association

NameTitleCompensation
Steven HerzogTreasurer$0
James C GrandstaffPresident$0
Michael McGrathVice President$0
Tom BroderickPast Treasurer$0
Frank W HarksenPresident$0
...and 3 more key personnel

Financials for Virginia Nutrient Credit Exchange Association

RevenuesFYE 06/2023
Total grants, contributions, etc.$0
Program services$1,627,804
Investment income and dividends$2,160
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,629,964

Form 990s for Virginia Nutrient Credit Exchange Association

Fiscal year endingDate received by IRSFormPDF link
2023-062023-11-08990View PDF
2022-062022-11-03990View PDF
2021-062021-11-03990View PDF
2020-062021-06-08990View PDF
2019-062019-12-20990View PDF
...and 9 more Form 990s
Data update history
January 20, 2024
Posted financials
Added Form 990 for fiscal year 2023
January 20, 2024
Updated personnel
Identified 1 new personnel
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 21, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 3, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Trade associationsBusiness and community development organizationsEnvironmental organizations
Issues
PollutionEnvironmentCommunity improvementBusiness and industry
Characteristics
MembershipsState / local levelNo full-time employees
General information
Address
C/O Aqualaw PLC 6 S 5th St
Richmond, VA 23219
Metro area
Richmond, VA
County
Richmond city, VA
Website URL
theexchangeassociation.org/ 
Phone
(804) 716-9021
IRS details
EIN
84-1703144
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2005
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
C20: Pollution Abatement and Control Services
NAICS code, primary
813910: Trade Associations
Parent/child status
Independent
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