2025-10-27T11:51:01-04:00 2025-06-30 208934673 CLARKSON DAVID CPA PC 11541 NUCKOLS RD STE A GLEN ALLEN VA 23059 990 2024-07-01 841703144 VIRGINIA NUTRIENT CREDIT EXCHANGE ASSOCIATION INC VIRG 8047169021 C/O AQUALAW PLC 6 SOUTH 5TH ST RICHMOND VA 232193824 JOHN DANO TREASURER 8047169021 2025-10-23 true true CHERI G DAVID CPA CVA P00528623 8042700784 2025-10-23 2024 2025-03-06 01:10:19Z JAMES C GRANDSTAFF C/O AQUALAW PLC 6 S 5TH STREET RICHMOND VA 23219 2532347 false X WWW.THEEXCHANGEASSOCIATION.ORG X 2005 VA TO COORDINATE AND FACILITATE PARTICIPATION OF ITS MEMBERS IN VIRGINIA'S CHESAPEAKE BAY WATERSHED NUTRIENT CREDIT EXCHANGE PROGRAM. 9 9 0 9 0 0 1652504 2529148 3701 3199 0 1656205 2532347 0 0 0 0 0 1660288 2764280 1660288 2764280 -4083 -231933 1686973 1455040 0 1686973 1455040 TO COORDINATE AND FACILITATE PARTICIPATION OF ITS MEMBERS IN VIRGINIA'S CHESAPEAKE BAY WATERSHED NUTRIENT CREDIT EXCHANGE PROGRAM. false false 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. false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 3 0 0 false false false false false false false false X 9 9 false true false false true true false true false false false false true true true false false false false false X JOHN DANO 8047169021 1436 AIR RAIL AVENUE VIRGINIA BEACH VA 23455 X X JAMES C GRANDSTAFF PRESIDENT 4.00 X X 0 0 0 MICHAEL MCGRATH VICE PRESI 4.00 X X 0 0 0 JOHN DANO TREASURER 4.00 X X 0 0 0 ROBERT WILSON DIECTOR 2.00 X 0 0 0 ANDREW PARKER DIRECTOR 2.00 X 0 0 0 TIM MITCHELL DIRECTOR 2.00 X 0 0 0 JAMES TAYLOR DIRECTOR 2.00 X 0 0 0 ALLISON DIENES DIRECTOR 2.00 X 0 0 0 ED PETROVITCH DIRECTOR 2.00 X 0 0 0 false false false AQUALAW PLC 6 SOUTH 5TH ST RICHMOND VA 23219 MANAGEMENT 132865 1 NUTRIENT CREDIT PURCHASES 2362465 2362465 MEMBERSHIP DUES 166683 166683 2529148 3199 3199 2532347 3199 2529148 X 348762 2413446 1908 BANK CHARGES 164 2764280 0 0 0 74878 148929 1612095 1306111 1686973 1455040 0 0 X 1686973 1455040 1686973 1455040 1686973 1455040 -231933 X false false false FORM 990, PAGE 1, PART I, LINE 6 MEMBERS OF THE BOARD OF GOVERNORS VOLUNTEER THEIR TIME AND SERVICES TO THE ASSOCIATION. 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. FORM 990, PART IX, LINE 11G DISBURSE NUTRIENT CREDITS 2,413,446 0 0