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Virginia Nutrient Credit Exchange Association Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Business and Industry (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$1.66M (2024)

Expenses
$1.66M (2024)

Total Assets
$1.69M (2024)

Total Liabilities
$0 (2024)

Source: Form 990 tax filings from 2011 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,656,205
Expenses
$1,660,288
Net Income
-$4,083
Net Assets
$1,686,973
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,652,504
99.8%
Investment Income $3,701
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,686,973
Total Liabilities $0
Net Assets $1,686,973
Compensation
Key Employees and Officers Compensation Related Other
James C Grandstaff (President) $0 $0 $0
Michael Mcgrath (Vice Presi) $0 $0 $0
Steven Herzog (Treasurer) $0 $0 $0
John Dano (Director) $0 $0 $0
Allison Dienes (Director) $0 $0 $0
Tim Mitchell (Director) $0 $0 $0
Andrew Parker (Director) $0 $0 $0
Ed Petrovitch (Director) $0 $0 $0
James Taylor (Director) $0 $0 $0
Robert Wilson (Diector) $0 $0 $0

Document Links

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,629,964
Expenses
$1,321,134
Net Income
$308,830
Net Assets
$1,691,056
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,627,804
99.9%
Investment Income $2,160
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,691,056
Total Liabilities $0
Net Assets $1,691,056
Compensation
Key Employees and Officers Compensation Related Other
James C Grandstaff (President) $0 $0 $0
Michael Mcgrath (Vice Preside) $0 $0 $0
Steven Herzog (Treasurer) $0 $0 $0
John Dano (Director) $0 $0 $0
Allison Dienes (Director) $0 $0 $0
Tim Mitchell (Director) $0 $0 $0
Andrew Parker (Director) $0 $0 $0
James Taylor (Director) $0 $0 $0
Robert Wilson (Diector) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,346,416
Expenses
$1,492,401
Net Income
-$145,985
Net Assets
$1,382,226
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,346,283
100.0%
Investment Income $133
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,382,226
Total Liabilities $0
Net Assets $1,382,226
Compensation
Key Employees and Officers Compensation Related Other
James C Grandstaff (President) $0 $0 $0
Steven Herzog (Treasurer) $0 $0 $0
John Dano (Director) $0 $0 $0
Michael Mcgrath (Director) $0 $0 $0
Tim Mitchell (Director) $0 $0 $0
Andrew Parker (Director) $0 $0 $0
Ed Petrovitch (Director) $0 $0 $0
James Taylor (Director) $0 $0 $0
Robert Wilson (Diector) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,477,627
Expenses
$1,707,347
Net Income
-$229,720
Net Assets
$1,528,211
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,477,376
100.0%
Investment Income $251
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,528,211
Total Liabilities $0
Net Assets $1,528,211
Compensation
Key Employees and Officers Compensation Related Other
Frank W Harksen Jr (President) $0 $0 $0
James C Grandstaff (Vice Presi) $0 $0 $0
Tom Broderick (Treasurer) $0 $0 $0
Michael Mcgrath (Director) $0 $0 $0
Tim Mitchell (Director) $0 $0 $0
Andrew Parker (Director) $0 $0 $0
Ed Petrovitch (Director) $0 $0 $0
Jim Pletl (Director) $0 $0 $0
James Taylor (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,677,252
Expenses
$1,451,451
Net Income
$225,801
Net Assets
$1,757,931
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,676,292
99.9%
Investment Income $960
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,757,931
Total Liabilities $0
Net Assets $1,757,931
Compensation
Key Employees and Officers Compensation Related Other
Frank W Harksen Jr (President) $0 $0 $0
James C Grandstaff (Vice Presi) $0 $0 $0
Tom Broderick (Treasurer) $0 $0 $0
Michael Mcgrath (Director) $0 $0 $0
Tim Mitchell (Director) $0 $0 $0
Andrew Parker (Director) $0 $0 $0
Ed Petrovitch (Director) $0 $0 $0
Jim Pletl (Director) $0 $0 $0
James Taylor (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,558,569
Expenses
$1,115,858
Net Income
$442,711
Net Assets
$1,532,130
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,558,134
100.0%
Investment Income $435
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,532,130
Total Liabilities $0
Net Assets $1,532,130
Compensation
Key Employees and Officers Compensation Related Other
Frank W Harksen Jr (President) $0 $0 $0
James C Grandstaff (Vice Presi) $0 $0 $0
Tom Broderick (Treasurer) $0 $0 $0
Michael Mcgrath (Director) $0 $0 $0
Tim Mitchell (Director) $0 $0 $0
Andrew Parker (Director) $0 $0 $0
Ed Petrovitch (Director) $0 $0 $0
Jim Pletl (Director) $0 $0 $0
James Taylor (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,096,448
Expenses
$1,676,213
Net Income
-$579,765
Net Assets
$1,089,419
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,095,169
99.9%
Investment Income $1,279
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,089,419
Total Liabilities $0
Net Assets $1,089,419
Compensation
Key Employees and Officers Compensation Related Other
Harksen Frank W Jr (President) $0 $0 $0
Grandstaff James C M (Vice Presi) $0 $0 $0
Broderick Tom (Treasurer) $0 $0 $0
Frederick Tom (Director) $0 $0 $0
Mcgrath Michael (Director) $0 $0 $0
Mitchell Tim (Director) $0 $0 $0
Parker Andrew (Director) $0 $0 $0
Petrovitch Ed (Director) $0 $0 $0
Pletl Jim (Director) $0 $0 $0
Puglisi Anthony (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,642,500
Expenses
$1,495,148
Net Income
$147,352
Net Assets
$1,669,184
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,642,384
100.0%
Investment Income $116
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,669,184
Total Liabilities $0
Net Assets $1,669,184
Compensation
Key Employees and Officers Compensation Related Other
Harksen Frank W Jr (President) $0 $0 $0
Grandstaff James C M (Vice Presi) $0 $0 $0
Broderick Tom (Treasurer) $0 $0 $0
Petrovitch Ed (Director) $0 $0 $0
Pletl Jim (Director) $0 $0 $0
Parker Andrew (Director) $0 $0 $0
Mitchell Tim (Director) $0 $0 $0
Mcgrath Michael (Director) $0 $0 $0
Puglisi Pat (Director) $0 $0 $0
Frederick Tom (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,455,777
Expenses
$1,736,802
Net Income
-$281,025
Net Assets
$1,521,832
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,455,641
100.0%
Investment Income $136
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,535,955
Total Liabilities $14,123
Net Assets $1,521,832
Compensation
Key Employees and Officers Compensation Related Other
Harksen Frank W Jr (President) $0 $0 $0
Grandstaff James C M (Vp/Treasu) $0 $0 $0
Petrovitch Ed (Director) $0 $0 $0
Pletl Jim (Director) $0 $0 $0
Fanfoni Ken (Director) $0 $0 $0
Mitchell Tim (Director) $0 $0 $0
Mcgrath Michael (Director) $0 $0 $0
Broderick Thomas (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,764,854
Expenses
$1,383,993
Net Income
$380,861
Net Assets
$1,802,857
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,764,718
100.0%
Investment Income $136
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,802,857
Total Liabilities $0
Net Assets $1,802,857
Compensation
Key Employees and Officers Compensation Related Other
Harksen Frank W Jr (President) $0 $0 $0
Grandstaff James C M (Vp/Treasu) $0 $0 $0
Fanfoni Ken (Director) $0 $0 $0
Mitchell Tim (Director) $0 $0 $0
Nobinger Tony (Director) $0 $0 $0
Pletl Jim (Director) $0 $0 $0
Petrovitch Ed (Director) $0 $0 $0
Storton Jack (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,450,632
Expenses
$1,333,538
Net Income
$117,094
Net Assets
$1,421,996
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,450,497
100.0%
Investment Income $135
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,421,996
Total Liabilities $0
Net Assets $1,421,996

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,370,905
Expenses
$2,036,420
Net Income
-$665,515
Net Assets
$1,304,907
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $1,370,819
100.0%
Investment Income $86
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,304,907
Total Liabilities $0
Net Assets $1,304,907

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,001,546
Expenses
$189,039
Net Income
$1,812,507
Net Assets
$1,970,422
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $2,001,433
100.0%
Investment Income $113
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $1,970,422
Total Liabilities $0
Net Assets $1,970,422

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$244,365
Expenses
$131,398
Net Income
$112,967
Net Assets
$156,912
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $244,325
100.0%
Investment Income $40
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $156,912
Total Liabilities $0
Net Assets $156,912

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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