2022-08-26T14:35:02-05:00 2021-12-31 131655065 LUTZ AND CARR CPAS LLP 551 FIFTH AVENUE SUITE 400 NEW YORK NY 10176 990 2021-01-01 454585989 VOLCKER ALLIANCE INC VOLC 6463430155 39 BROADWAY 1930 NEW YORK NY 10006 SARA MOGULESCU PRESIDENT 6463430155 2022-08-25 1 SARA MOGULESCU 999009999 FREDERICK MARTENS P00298107 2126972299 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z SARA MOGULESCU 39 BROADWAY 1930 NEW YORK NY 10006 19040169 0 X WWW.VOLCKERALLIANCE.ORG X 2012 NY THE VOLCKER ALLIANCE EMPOWERS THE PUBLIC SECTOR WORKFORCE. 16 15 21 15 0 0 7095117 7168327 40127 45000 570653 427206 26141 84 7732038 7640617 608403 627865 0 0 2622334 2457636 0 0 370693 1713907 1377647 4944644 4463148 2787394 3177469 19454354 23661694 686977 377564 18767377 23284130 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.THE VOLCKER ALLIANCE IS A NONPROFIT FOUNDED IN 2013 BY FORMER FEDERAL RESERVE BOARD CHAIRMAN PAUL A. VOLCKER, DEDICATED TO ADVANCING HIS VISION OF AN EMPOWERED PUBLIC SECTOR WORKFORCE. OUR WORK SUPPORTS CURRENT AND ASPIRING PUBLIC SERVANTS BY STRENGTHENING PUBLIC SERVICE EDUCATION, CHAMPIONING PUBLIC SERVICE VALUES, AND PROVIDING STRATEGIES TO HELP THEM DELIVER BETTER RESULTS. WE BUILD PARTNERSHIPS WITH GOVERNMENT AND UNIVERSITIES, PROMOTE INNOVATION IN PUBLIC SERVICE EDUCATION, DRIVE RESEARCH ON EFFECTIVE GOVERNMENT, AND INSPIRE OTHERS WITH THE STORY OF MR. VOLCKER'S COMMITMENT TO PUBLIC SERVICE. OUR MISSION IS TO EMPOWER THE PUBLIC SECTOR WORKFORCE TO SOLVE THE CHALLENGES FACING OUR NATION. 0 0 3319547 627865 45000 SEE SCHEDULE OEDUCATE: PROMOTING INNOVATION IN PUBLIC SERVICE EDUCATIONTHE VOLCKER ALLIANCE HAS HELPED TO DEFINE THE FIELD OF PUBLIC SERVICE EDUCATION. OUR WORK WITH SCHOOLS OF PUBLIC SERVICE HAS DRIVEN INNOVATION IN BOTH UNDERGRADUATE AND GRADUATE LEVEL CURRICULA AND EXPANDED LEARNING OPPORTUNITIES FOR ACTIVE PUBLIC SERVANTS. OUR NEXT GENERATION SERVICE CORPS (NEXTGEN SERVICE) CONTINUED TO EXPAND IN 2021. THIRTEEN SCHOOLS IN ELEVEN STATES ARE LAUNCHING PUBLIC SERVICE PROGRAMS FOR UNDERGRADUATES IN ALL MAJORS. AS MORE STUDENTS ENROLL IN NEXTGEN SERVICE PROGRAMS, THE ALLIANCE IS PLANNING AND HOSTING CROSS-SCHOOL ACTIVITIES AND NETWORKING OPPORTUNITIES. WE ARE CURATING A VIRTUAL SPACE FOR STUDENTS TO CONNECT WITH ONE ANOTHER AND FIND EXCITING PUBLIC SERVICE INTERNSHIPS AND JOB OPENINGS.THE DEANS SUMMIT PROVIDES OPPORTUNITIES FOR INNOVATION AND COLLABORATION AMONG DEANS AND DIRECTORS OF THE NATION'S COMPREHENSIVE SCHOOLS OF PUBLIC SERVICE. IN 2021, CENTRAL PRIORITIES WERE DEVELOPING STRATEGIES FOR THE SCHOOLS TO STRENGTHEN DEMOCRATIC INSTITUTIONS AND ADDRESS STRUCTURAL RACISM ON CAMPUS. ALSO, THROUGHOUT 2021, THE ALLIANCE HOSTED CONVERSATIONS FOR LEADERS OF SCHOOLS OF PUBLIC SERVICE, A VIRTUAL FORUM TO EXPLORE SHARED CHALLENGES AND AREAS FOR IMPACT.EMPOWER: DRIVING RESEARCH ON EFFECTIVE GOVERNMENTIN 2021, THE VOLCKER ALLIANCE'S PUBLIC FINANCE TEAM PUBLISHED TRUTH AND INTEGRITY IN STATE BUDGETING: PREPARING FOR THE STORM, THE CULMINATION OF SIX YEARS OF RESEARCH ASSESSING THE FISCAL SUSTAINABILITY AND TRANSPARENCY OF BUDGETING PRACTICES IN ALL FIFTY STATES FROM FISCAL 2015 TO 2019. IN CONJUNCTION, THE ALLIANCE LAUNCHED AN UPDATED AND EXPANDED INTERACTIVE DATA LABORATORY. THE SPECIAL BRIEFING WEBINAR SERIES, INTRODUCED IN 2020 IN PARTNERSHIP WITH THE UNIVERSITY OF PENNSYLVANIA INSTITUTE FOR URBAN RESEARCH, CONTINUED TO ATTRACT TOP GOVERNMENT OFFICIALS AND OTHER INFLUENCERS AS PANELISTS AND AUDIENCE MEMBERS. MORE THAN 8,000 ATTENDEES HAVE JOINED THE MONTHLY EVENTS, WHICH FOCUS ON THE FISCAL IMPACT OF COVID-19 ON STATES AND MUNICIPALITIES. THE ALLIANCE BEGAN DEVELOPING A PODCAST SERIES BASED ON THE WEBINARS.CONNECT: BUILDING PARTNERSHIPS WITH GOVERNMENT AND UNIVERSITIESTHE VOLCKER ALLIANCE'S GOVERNMENT-TO-UNIVERSITY INITIATIVE (G2U) IS A NATIONAL PROGRAM TO CONNECT JOB SEEKERS TO PUBLIC SERVICE POSITIONS. IN 2021, THE G2U TEAM LAUNCHED AN EFFORT TO CONNECT STUDENTS AND JOB SEEKERS WITH EMPLOYMENT OPENINGS VIA VIRTUAL JOB FAIRS. OUR PILOT EVENT FEATURED FEDERAL AGENCIES-INCLUDING THE FBI, THE STATE DEPARTMENT, AND THE INTERNAL REVENUE SERVICE-SHOWCASING OPPORTUNITIES NATIONWIDE. IT DREW 1,300-PLUS POTENTIAL CANDIDATES.ADDITIONALLY, G2U PARTNERS IN THE LOS ANGELES REGION IMPLEMENTED A STUDY TO EXPLORE WHY GRADUATES OF COLLEGES AND UNIVERSITIES DO NOT TYPICALLY CONSIDER WORKING IN THE PUBLIC SECTOR AND WHETHER GOVERNMENT AGENCIES ARE DOING ALL THEY CAN TO ATTRACT THE NEXT GENERATION OF LEADERS. THE RESULTING RECOMMENDATIONS IDENTIFIED PROMISING STRATEGIES TO INCREASE THE NUMBER OF TALENTED PEOPLE FROM UNDERREPRESENTED GROUPS IN GOVERNMENT CAREERS. THE INCREASING DIVERSITY IN GOVERNMENT INITIATIVE GENERATED NEW RESEARCH TO IMPROVE STATE GOVERNMENT RECRUITMENT AND HIRING PRACTICES TO ATTRACT EARLY-CAREER PROFESSIONALS AND UNDERREPRESENTED APPLICANTS. 3319547 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 23 0 1 21 1 0 0 0 0 0 0 0 0 0 0 0 0 X 16 15 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X THE VOLCKER ALLIANCE 6463430155 39 BROADWAY NEW YORK NY 10006 THOMAS A ROSS PRESIDENT 20.00 X X 254381 0 30774 WILLIAM BRADLEY CHAIRMAN 1.00 X X 0 0 0 ANTHONY DOWD TREASURER 5.00 X X 0 0 0 SHEILA BAIR BOARD MEMBER 1.00 X 0 0 0 THOMAS M DAVIS BOARD MEMBER 1.00 X 0 0 0 WILLIAM H DONALDSON BOARD MEMBER 1.00 X 0 0 0 ANTHONY J DOWD BOARD MEMBER 1.00 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 WILLIAM HASLAM 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 RICHARD RAVITCH BOARD MEMBER 1.00 X 0 0 0 WILLIAM RHODES BOARD MEMBER 1.00 X 0 0 0 ANTONIO WEISS BOARD MEMBER 1.00 X 0 0 0 SARA MOGULESCU EXECUTIVE VICE PRESIDENT 40.00 X 323805 0 38410 EMILY BOLTON CHIEF STRATEGY OFFICER/SECRETARY 40.00 X 181125 0 7810 WILLIAM GLASGALL SENIOR VP & DIRECTOR, STATE & LOCAL 32.00 X 192376 0 38249 MELISSA AUSTIN DIRECTOR OF OPERATIONS 40.00 X 153587 0 20806 NEILIA STEPHENS DIRECTOR OF COMMUNICATIONS 40.00 X 109650 0 3536 MAGGIE MELLO ASSOCIATE DIRECTOR 40.00 X 135584 0 31444 PETER MORRISEY ASSOCIATE DIRECTOR 40.00 X 119741 0 5347 NOAH WINN-RITZENBERG ASSOCIATE DIRECTOR 40.00 X 103777 0 28896 1574026 0 205272 9 0 1 0 BEHAVIORAL INSIGHTS TEAM INC 1 DOCK 72 WAY 7TH FL BROOKLYN NY 11205 INCREASING DIVERSITY IN GOVERNMENT 184734 KIWI PARTNERS INC 237 W 35TH STREET SUITE 1101 NEW YORK NY 10001 ACCOUNTING SERVICES 109949 2 309400 6858927 7168327 FISCAL SPONSOR ADMINISTRATION 611430 45000 45000 45000 415562 415562 11411196 11399552 11644 11644 11644 OTHER INCOME 900099 84 84 84 7640617 45000 0 427290 X 614865 614865 13000 13000 1221823 779043 266136 176644 890571 698682 121514 70375 12650 11334 915 401 100647 72299 14699 13649 231945 162713 42025 27207 52344 114 43640 8590 131948 21996 109952 58839 58839 552062 523158 15960 12944 300 300 63800 41869 8648 13283 88606 77539 5860 5207 253110 179232 44561 29317 15265 9243 6022 6963 3069 3805 89 42003 29562 7552 4889 32481 22860 5840 3781 PROGRAM EXPENSES 51508 45969 5539 SPECIAL EVENT 20370 13000 7370 MISCELLANEOUS EXPENSES 6248 1931 4317 BANK FEE 1800 1800 4463148 3319547 772908 370693 877576 828844 1739643 703026 32847 479000 96083 208276 29841 50947 419012 92449 233749 326563 16289552 20980302 155063 84736 19454354 23661694 65875 132296 311702 200000 309400 0 45268 686977 377564 X 17662060 21286059 1105317 1998071 18767377 23284130 19454354 23661694 3177469 1339284 0 X 0 1 X 1 0 X 1044491 1886210 1978746 1095117 2744827 8749391 1044491 1886210 1978746 1095117 2744827 8749391 4882265 3867126 496759 339025 339687 290267 415562 1881300 20455 20455 26141 84 26225 10677371 153342 0.36220 0.27540 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1064290 111143 53519 1121914 1037055 66982 39747 1064290 1000000 78251 41196 1037055 1000000 1000000 0.00000 0.89130 0.10870 0 0 120818 14909 105909 86123 17224 68899 212071 60316 151755 326563 DEFERRED RENT 45268 45268 8921062 1339284 1339284 7581778 58839 58839 7640617 4404309 0 4404309 58839 58839 4463148 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. 1 CARNEGIE MELLON UNIVERSITY 5000 FORBES AVENUE PITTSBURG PA 15213 250969449 501(C)(3) 15000 0 ADDITIONAL G2U IMPLEMENTATION STIPEND UNIVERSITY OF PITTSBURGH 28 NORTH CRAIG STREET PAE PARK PLAZA BUILDING PITTSBURG PA 15260 250965591 501(C)(3) 100000 0 IMPLEMENTATION OF NEXT GEN SERVICE CORPS NORTH CAROLINA CENTRAL UNIVERSITY 1801 FAYETTEVILLE STREET DURHAM NC 27707 566000730 501(C)(3) 100000 0 IMPLEMENTATION OF NEXT GEN SERVICE CORPS UNIVERSITY OF HOUSTON PO BOX 988 HOUSTON TX 77001 746001399 501(C)(3) 100000 0 IMPLEMENTATION OF NEXT GEN SERVICE CORPS UNIVERSITY OF WASHINGTON 4300 ROOSEVELT WAY NE SEATTLE WA 98105 916001537 501(C)(3) 99865 0 IMPLEMENTATION OF NEXT GEN SERVICE CORPS MONTCLAIR STATE UNIVERSITY 1 NORMAL AVENUE MONTCLAIR NJ 07043 222912682 501(C)(3) 100000 0 IMPLEMENTATION OF NEXT GEN SERVICE CORPS PENNSYLVANIA STATE UNIVERSITY 227 WEST BEAVER AVE STE 401 STATE COLLEGE PA 16801 246000376 501(C)(3) 100000 0 IMPLEMENTATION OF NEXT GEN SERVICE CORPS 7 0 ESSAY CONTEST WINNERS 5 13000 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 1 0 0 0 0 0 0 0 0 THOMAS A ROSS PRESIDENT 254381 0 0 0 0 0 28418 0 2356 0 285155 0 0 0 SARA MOGULESCU EXECUTIVE VICE PRESIDENT 323805 0 0 0 0 0 10150 0 28260 0 362215 0 0 0 EMILY BOLTON CHIEF STRATEGY OFFICER/SECRETARY 181125 0 0 0 0 0 6335 0 1475 0 188935 0 0 0 WILLIAM GLASGALL SENIOR VP & DIRECTOR, STATE & LOCAL 192376 0 0 0 0 0 6968 0 31281 0 230625 0 0 0 MELISSA AUSTIN DIRECTOR OF OPERATIONS 153587 0 0 0 0 0 5513 0 15293 0 174393 0 0 0 MAGGIE MELLO ASSOCIATE DIRECTOR 135584 0 0 0 0 0 4952 0 26492 0 167028 0 0 0 PART I, LINE 4A NEILIA STEPHENS RECEIVED A $35,540 SEVERANCE PAYMENT. GRAHAM DOWD FAMILY MEMBER OF ANTHONY DOWD 27104 EMPLOYMENT 0 FORM 990, PART VI, SECTION A, LINE 2 SHEILA BLAIR AND WILLIAM WARREN BRADLEY - BUSINESS RELATIONSHIP FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 WAS REVIEWED BY THE AUDIT COMMITTEE AND THEN FORWARDED TO EACH MEMBER OF THE BOARD OF DIRECTORS FOR DISCUSSION AND COMMENT. EACH DIRECTOR WAS PROVIDED AN OPPORTUNITY TO COMMENT ON THE INFORMATION CONTAINED IN THE 990 PRIOR TO ITS FILING WITH THE INTERNAL REVENUE SERVICE. 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. FISCAL YEAR 2020 COMPENSATION REVIEWS WERE CONDUCTED IN 2021, AND FISCAL YEAR 2021 REVIEWS WILL BE CONDUCTED IN 2022. 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 433,255. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 433,255. PUBLIC RELATIONS AND MEDIA: PROGRAM SERVICE EXPENSES 89,903. MANAGEMENT AND GENERAL EXPENSES 14,890. FUNDRAISING EXPENSES 12,944. TOTAL EXPENSES 117,737. RECRUITING: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,070. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,070.