2024-09-25T11:09:51-05:00 2023-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2023-01-01 454585989 VOLCKER ALLIANCE INC VOLC 6463430155 39 BROADWAY 1930 NEW YORK NY 10006 SARA MOGULESCU PRESIDENT 6463430155 2024-09-25 1 0 JESSICA DIGIAMO DIAZ P01994693 2126972299 2023 2024-08-08 14:25:15Z SARA MOGULESCU 39 BROADWAY 1930 NEW YORK NY 10006 21232615 0 X WWW.VOLCKERALLIANCE.ORG X 2012 NY THE VOLCKER ALLIANCE EMPOWERS THE PUBLIC SECTOR WORKFORCE. 16 14 31 17 0 0 2693450 5076200 92954 50000 -119702 129929 0 6086 2666702 5262215 455942 221006 0 0 2813184 3188535 0 0 291207 1609421 1740700 4878547 5150241 -2211845 111974 20293018 22606082 1454108 1156432 18838910 21449650 X THE VOLCKER ALLIANCE IS A NONPROFIT FOUNDED BY FORMER FEDERAL RESERVE BOARD CHAIRMAN PAUL A. VOLCKER DEDICATED TO ADVANCING HIS VISION OF AN EMPOWERED PUBLIC SECTOR WORKFORCE. 0 0 4002709 221006 50000 SEE SCHEDULE OOVERVIEWTHE VOLCKER ALLIANCE IS A NONPROFIT FOUNDED BY FORMER FEDERAL RESERVE BOARD CHAIRMAN PAUL A. VOLCKER DEDICATED TO ADVANCING HIS VISION OF AN EMPOWERED PUBLIC SECTOR WORKFORCE. OUR PROGRAMS WORK IN SERVICE OF OUR FOUR MAIN STRATEGIES TO EDUCATE, EMPOWER, CONNECT, AND INSPIRE CURRENT AND ASPIRING PUBLIC SERVANTS. WE PROMOTE INNOVATION IN PUBLIC SERVICE EDUCATION, EMPOWER LEADERS TO BUILD THE DEMOCRACY OF OUR FUTURE, CONNECT TALENT TO CITY, STATE, AND FEDERAL GOVERNMENT JOBS, AND INSPIRE OTHERS WITH THE STORY OF MR. VOLCKER'S COMMITMENT TO PUBLIC SERVICE. THE VOLCKER ALLIANCE HAS HELPED DEFINE THE FIELD OF PUBLIC SERVICE EDUCATION THROUGH CONVENING AND SUPPORTING THE DEANS SUMMIT. THE DEANS SUMMIT IS A NETWORK OF DEANS AND DIRECTORS OF THE NATION'S SCHOOLS OF PUBLIC SERVICE. RECOGNIZING THAT BROADENING THE REACH OF PUBLIC SERVICE EDUCATION IS CRITICAL TO THE FUTURE OF OUR DEMOCRACY, OVER 70 MEMBERS OF THIS COLLABORATIVE SHED COMPETITIVE POSTURE IN FAVOR OF COLLECTIVE ACTION. FOR EXAMPLE, LAUNCHED IN 2023 IN CONNECTION WITH THE DEANS SUMMIT, THE CONSTRUCTIVE DIALOGUE CURRICULUM INITIATIVE HELPS SCHOOLS OF PUBLIC SERVICE DESIGN AND IMPLEMENT INNOVATIVE CURRICULA THAT PREPARE THE NEXT GENERATION OF PUBLIC SERVICE LEADERS TO BRIDGE DIVIDES. IN COLLABORATION WITH THE CONSTRUCTIVE DIALOGUE INSTITUTE (CDI), 14 SCHOOLS OF PUBLIC SERVICE ARE DEVELOPING COURSES TO TEACH SKILLS FOR COLLABORATING ACROSS DIFFERENCE. OUR NEXT GENERATION SERVICE CORPS DRAWS DIVERSE, TALENTED YOUNG PEOPLE INTO PUBLIC SERVICE CAREERS. THIS INITIATIVE NOW INCLUDES OVER TWENTY MEMBER UNIVERSITIES. APPROXIMATELY 1,200 STUDENTS WILL BE ENROLLED IN PARTICIPATING PROGRAMS IN FALL 2024. THE NEXT GENERATION SERVICE CORPS HAS CATALYZED A NATIONAL NETWORK OF UNDERGRADUATE STUDENTS WHO ARE COMMITTED TO SERVING THEIR COMMUNITIES AND CHARTING THE FUTURE OF OUR DEMOCRACY. IN 2023, THE VOLCKER ALLIANCE CONTINUED TO EXPAND ITS PUBLIC FINANCE PORTFOLIO. OUR SPECIAL BRIEFING WEBINAR PROGRAM, PRODUCED IN PARTNERSHIP WITH THE UNIVERSITY OF PENNSYLVANIA INSTITUTE FOR URBAN RESEARCH, ATTRACTED STRONG VIEWERSHIP FOR BOTH THE LIVESTREAM AND PODCAST EDITIONS. THROUGH THE STATE AND LOCAL BUDGETING IN THE COVID ERA PROJECT, THE ALLIANCE PUBLISHED TWO ISSUE PAPERS IN 2023 FOCUSED ON THE FISCAL IMPACT OF THE COVID-19 PANDEMIC ON STATE AND LOCAL BUDGETS. SPECIFICALLY, "REVENUE AT RISK" FOCUSED ON BOLSTERING NEW YORK CITY'S BUDGET AHEAD OF FEDERAL CUTS TO STATE AID, AND "ON THE EDGE" FOCUSED MORE BROADLY ON HOW STATES SHOULD BEST BALANCE THEIR BUDGET AS FEDERAL ARPA FUNDING RUNS OUT. OUR TALENT INITIATIVES ARE INNOVATIVE, COLLABORATIVE PROJECTS THAT SEEK TO STRENGTHEN AND DIVERSIFY THE TALENT PIPELINE INTO GOVERNMENT. IN 2023, THE VOLCKER ALLIANCE CONTINUED TO DIRECT JOBSEEKERS TO CAREER OPPORTUNITIES IN GOVERNMENT THROUGH VIRTUAL HIRING FAIRS. LEVERAGING INNOVATIONS IN TECHNOLOGY ACCELERATED BY THE PANDEMIC, JOB FAIRS DRAW HUNDREDS OF DIVERSE, HIGHLY SKILLED JOB SEEKERS AND CONSTRUCTIVELY CONNECT THEM TO GOVERNMENT EMPLOYERS URGENTLY SEEKING TALENT. ALSO, AS PART OF THE MACARTHUR FOUNDATION'S SAFETY AND JUSTICE CHALLENGE, THE VOLCKER ALLIANCE CONDUCTED AN EXPANSIVE STRATEGIC PLANNING EFFORT TO IDENTIFY STRATEGIES TO ENSURE THAT DIVERSE, TALENTED LEADERS SERVE AS STEWARDS OF THE CRIMINAL JUSTICE SYSTEM. FINALLY, THE VOLCKER ALLIANCE AIMS TO INSPIRE OTHERS WITH THE STORY OF MR. VOLCKER'S COMMITMENT TO PUBLIC SERVICE. CORE TO OUR EFFORTS HERE, IN 2023 WE AWARDED EIGHT STIPENDS TO COLLEGE STUDENTS THROUGH THE PAUL A. VOLCKER GOVERNMENT INTERNSHIP AWARD PROGRAM, TO SUPPORT THEIR PARTICIPATION IN GOVERNMENT INTERNSHIPS AND OPEN THE DOOR TO CAREERS IN PUBLIC SERVICE. 4002709 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 39 0 1 31 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 14 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X NONPROFIT FISCAL MANAGEMENT 6463430155 39 BROADWAY 1930 NEW YORK NY 10006 SARA MOGULESCU PRESIDENT 40.00 X X 375457 0 46801 WILLIAM BRADLEY CHAIRMAN 1.00 X X 0 0 0 THOMAS W ROSS VICE CHAIRMAN 5.00 X X 44560 0 0 SHEILA BAIR BOARD MEMBER 1.00 X 0 0 0 THOMAS M DAVIS BOARD MEMBER 1.00 X 0 0 0 ANTHONY DOWD TREASURER 5.00 X X 0 0 0 T ELOISE FOSTER BOARD MEMBER 1.00 X 0 0 0 ANTHONY FOXX BOARD MEMBER 1.00 X 0 0 0 SHIRLEY CLARKE FRANKLIN BOARD MEMBER 1.00 X 0 0 0 FRANCIS FUKUYAMA BOARD MEMBER 1.00 X 0 0 0 STEPHANIE MINER BOARD MEMBER 1.00 X 0 0 0 NORMAN J ORNSTEIN BOARD MEMBER 1.00 X 0 0 0 MICHAEL PIWOWAR BOARD MEMBER 1.00 X 0 0 0 RICHARD RAVITCH BOARD MEMBER 1.00 X 0 0 0 WILLIAM RHODES BOARD MEMBER 1.00 X 0 0 0 JAMES P VOLCKER BOARD MEMBER 1.00 X 0 0 0 ANTONIO WEISS BOARD MEMBER 1.00 X 0 0 0 EMILY BOLTON EXECUTIVE VICE PRESIDENT 40.00 X 273490 0 9564 MELISSA AUSTIN CHIEF OPERATING OFFICER 40.00 X 221744 0 28485 WILLIAM GLASGALL SENIOR DIRECTOR, PUBLIC FINANCE 40.00 X 264732 0 49392 BRETT HUNT SR. DIRECTOR, NEXT GENERATION SERVICE INITIATIVES 40.00 X 152139 0 53893 MAGGIE MELLO SENIOR DIRECTOR, PUBLIC SERVICE EDUCATION 40.00 X 157526 0 37872 PETER MORRISSEY DIRECTOR, TALENT INITIATIVES 40.00 X 146089 0 6819 NOAH WINN-RITZENBERG DIRECTOR, RESEARCH AND IMPACT 40.00 X 128661 0 30439 1764398 0 263265 8 0 1 0 SKDKNICKERBOCKER LLC ONE WORLD TRADE CENTER NEW YORK NY 10007 COMMUNICATIONS 282000 1 5076200 5076200 VIRTUAL JOB FAIR HOSTING 900099 50000 50000 50000 356567 356567 15743762 15970400 -226638 -226638 -226638 OTHER INCOME 900099 6086 6086 6086 5262215 50000 0 136015 X 170506 170506 50500 50500 1671098 1196423 326525 148150 1078929 849969 179278 49682 26763 21425 4242 1096 203225 142667 45571 14987 208520 154674 38878 14968 26217 4214 15163 6840 102956 102956 50194 50194 616908 611570 4978 360 11780 11780 89991 72373 5776 11842 149893 127883 14142 7868 255759 206219 31828 17712 143881 138716 1433 3732 125111 115781 8218 1112 74685 60191 9312 5182 26635 21466 3321 1848 PROGRAM EXPENSES 39641 32607 7034 SPECIAL EVENT 18162 13730 4432 CORPORATION FEES 5704 1045 4659 MISCELLANEOUS EXPENSES 1999 1999 1184 15 1169 5150241 4002709 856325 291207 692081 590440 78218 585231 600000 2133554 60000 1162 84374 82251 468900 225635 316278 243265 17196170 17918940 1265897 1051239 20293018 22606082 66037 99099 140000 7500 1248071 1049833 1454108 1156432 X 16244755 16359660 2594155 5089990 18838910 21449650 20293018 22606082 X 111974 2433370 65396 X 0 1 X 1 0 X 1978746 1095117 2744827 2693450 5076200 13588340 1978746 1095117 2744827 2693450 5076200 13588340 8015718 5572622 339687 290267 415562 418563 356567 1820646 26141 84 6086 32311 15441297 267062 0.36090 0.40820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 942639 156959 39322 1060276 1121914 -132539 46736 942639 1064290 111143 53519 1121914 1037055 66982 39747 1064290 1000000 78251 41196 1037055 0.94320 0.05680 0 0 138904 51097 87807 87795 51840 35955 242201 122698 119503 243265 OPERATING LEASE LIABILITY 1049833 1049833 7695391 2433370 50000 2483370 5212021 50194 50194 5262215 5084651 0 5084651 50194 15396 65590 5150241 PART V, LINE 4: DURING 2018, THE ALLIANCE WAS AWARDED A $1,000,000 GRANT TO ESTABLISH AN ENDOWMENT FOR THE PAUL A. VOLCKER LIFETIME ACHIEVEMENT AWARD FOR PUBLIC SERVICE TO BE USED TO AWARD A DESERVING, LONG-TIME GOVERNMENT CIVIL SERVANT AT LEAST $10,000 AND A MEDAL EACH YEAR. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANT REFUNDS 1 UNIVERSITY OF WISONSIN MADISON 500 LINCOLN DR MADISON WI 53706 391805963 501(C)(3) 39874 0 IMPLEMENTATION OF NEXTGEN SERVICE CORPS CALIFORNIA STATE UNIVERSITY DOMINGUEZ HILLS FOUNDATION 1000 EAST VICTORIA STREET WH360 CARSON CA 90747 952543028 501(C)(3) 20000 0 GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES GEORGIA CITY SOLUTIONS INC 201 PRYOR ST SW ATLANTA GA 30303 822812740 501(C)(3) 20000 0 GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES MID AMERICA REGIONAL COUNCIL 600 BROADWAY BLVD STE 200 KANSAS CITY MO 64105 201824454 501(C)(3) 20000 0 GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES JAMES MADISON UNIVERSITY LEEOLOU ALUMNI CTR STE 4401 HARRISONBURG VA 22807 546001756 501(C)(3) 17150 0 IMPLEMENTATION OF NEXTGEN SERVICE CORPS HUMANS OF PUBLIC SERVICES 7817 BOLD LION LANE ALEXANDRIA VA 22315 883533240 501(C)(3) 15000 0 GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES THE RAND CORPORATION 1776 MAIN STREET PO BOX 2138 SANTA MONICA CA 904072138 951958142 501(C)(3) 11269 0 GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES GOVERNMENT COLLEGE RELATIONS COUNCIL INC LEWIS UNIVERSITY CAREER SERVICES UNIT 270 ONE UNIVERSITY PARKWAY ROMEOVILLE IL 60446 364276059 501(C)(3) 10000 0 GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES CITY OF KANSAS CITY MISSOURI 414 E 12TH ST KANSAS CITY MO 64106 446000201 501(C)(3) 10000 0 GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES UNIVERSITY OF SOUTHERN CALIFORNIA 3551 TROUSDALE PARKWAY LOS ANGELES CA 90007 951642394 501(C)(3) 6952 0 STUDYING THE PUBLIC SECTOR WORKFORCE 10 0 GOVERNMENT INTERNSHIP AWARDS 8 24000 LEVELUP GOV COMPETITION AWARDS 7 26500 PART I, LINE 2: CONTRACTS ARE ISSUED AT THE BEGINNING OF THE GRANT PERIOD; INTERIM REPORTS ARE REQUIRED PERIODICALLY THROUGHOUT THE GRANT PERIOD, DEPENDING ON THE LENGTH OF THE GRANT CYCLE; FINAL REPORT ARE REQUIRED AT THE CONCLUSION OF EACH GRANT PERIOD. STAFF REVIEW INTERIM AND FINAL REPORTS, AND PRO-ACTIVELY CONTACTS GRANTEES THROUGH THE YEAR TO MONITOR GRANT PROGRESS. ANY REQUESTED CHANGES IN GRANT USAGE OR TERM MUST BE REQUESTED IN WRITING AND APPROVED BY VOLCKER ALLIANCE. X X X X 0 1 0 0 0 0 0 0 0 SARA MOGULESCU PRESIDENT 375457 0 0 0 0 0 11550 0 35251 0 422258 0 0 0 EMILY BOLTON EXECUTIVE VICE PRESIDENT 273490 0 0 0 0 0 9564 0 0 0 283054 0 0 0 MELISSA AUSTIN CHIEF OPERATING OFFICER 221744 0 0 0 0 0 7986 0 20499 0 250229 0 0 0 WILLIAM GLASGALL SENIOR DIRECTOR, PUBLIC FINANCE 264732 0 0 0 0 0 9635 0 39757 0 314124 0 0 0 BRETT HUNT SR. DIRECTOR, NEXT GENERATION SERVIC 152139 0 0 0 0 0 5645 0 48248 0 206032 0 0 0 MAGGIE MELLO SENIOR DIRECTOR, PUBLIC SERVICE EDUC 157526 0 0 0 0 0 5752 0 32120 0 195398 0 0 0 PETER MORRISSEY DIRECTOR, TALENT INITIATIVES 146089 0 0 0 0 0 5134 0 1685 0 152908 0 0 0 NOAH WINN-RITZENBERG DIRECTOR, RESEARCH AND IMPACT 128661 0 0 0 0 0 4711 0 25728 0 159100 0 0 0 PART I, LINE 4B THOMAS W. ROSS RECEIVED A 457B PLAN DISTRIBUTION OF $44,560. GRAHAM DOWD FAMILY MEMBER OF ANTHONY DOWD 67907 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 2 SHEILA BAIR AND WILLIAM BRADLEY - BUSINESS RELATIONSHIP (SERVE ON A BOARD TOGETHER FOR A BUSINESS UNTIL SHEILA BAIR RESIGNED FROM THE BOARD IN JULY 2023) FORM 990, PART VI, SECTION B, LINE 11B A DRAFT FORM OF THE 990 IS REVIEWED AND APPROVED BY THE AUDIT COMMITTEE. THEN IT WAS FORWARDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR DISCUSSION AND COMMENT. EACH DIRECTOR WAS PROVIDED AN OPPORTUNITY TO COMMENT ON THE 990 PRIOR TO ITS FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY REQUIRES ALL BOARD OF DIRECTORS MEMBERS, OFFICERS, AND KEY EMPLOYEES TO ANNUALLY DISCLOSE ANY POTENTIAL CONFLICTS OF INTEREST WITH THE ORGANIZATION THROUGH A QUESTIONNNAIRE. THESE QUESTIONNAIRES ARE MONITORED ANNUALLY AND POTENTIAL CONFLICTS ARE IMMEDIATELY ADDRESSED BY THE ORGANIZATION. IF A CONFLICT DOES ARISE, THE TRUSTEE IS ASKED TO WITHDRAW FROM ANY DISCUSSIONS OR DECISION-MAKING WITH RESPECT TO THE MATTER IN WHICH THE CONFLICT OF INTEREST ARISES. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION COMMITTEE OF THE BOARD REVIEWS AND APPROVES THE COMPENSATION OF ALL EMPLOYEES ANNUALLY. THIS REVIEW INCLUDES RECOMMENDATIONS FOR COST OF LIVING INCREASES AND PROMOTIONS BASED ON NATIONAL DATA PROVIDED BY AN OUTSIDE COMPENSATION SPECIALIST AS WELL AS MERIT INCREASES BASED ON PERFORMANCE. FY22 COMPENSATION REVIEWS WERE CONDUCTED IN EARLY 2023. FY23 COMPENSATION REVIEWS WERE CONDUCTED IN EARLY 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART IX, LINE 11G PROGRAM PARTNERS: PROGRAM SERVICE EXPENSES 606,817. MANAGEMENT AND GENERAL EXPENSES 600. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 607,417. RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,315. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,315. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 4,753. MANAGEMENT AND GENERAL EXPENSES 63. FUNDRAISING EXPENSES 360. TOTAL EXPENSES 5,176. FORM 990, PART XI, LINE 9: REVERSAL OF PRIOR YEAR GRANT 65,396.