2020-06-04T13:00:31-05:00 2019-12-31 350921680 CROWE LLP 175 Powder Forest Drive Simsbury CT 060897902 990 2019-01-01 454585989 Volcker Alliance Inc VOLC 6463430155 560 Lexington Ave 16B New York NY 10022 Thomas W Ross President 2020-06-04 true Kristin Anderson P01231300 8606789200 2019 2021-01-29 14:40:06Z Thomas W Ross 560 Lexington Ave 16B New York NY 10022 21675736 false X www.volckeralliance.org X 2012 NY The Volcker Alliance advances effective management of government to achieve results that matter to citizens. We envision a public sector workforce with the experience, preparation, and commitment to ensure that government is accountable and delivers with excellence. 17 16 25 16 0 0 1886210 4978746 28798 38981 850083 2733939 0 0 2765091 7751666 0 0 0 2493849 2666315 0 0 627354 2286052 1722459 4779901 4388774 -2014810 3362892 12626480 15526521 195208 432518 12431272 15094003 The mission of the Volcker Alliance is to advance effective management of government to deliver results that matter to citizens. We envision a public sector workforce with the experience, preparation, and commitment to ensure that government is accountable and delivers with excellence. false false 2801046 39175 Public Service Excellence The Volcker Alliance is conducting a range of initiatives focused on ensuring a highly capable public service workforce. In 2019, the Volcker Alliance helped drive the work of the Task Force to Reinvent Public Service Education, a select group of deans of Schools of Public Service who came together with the objective of expanding the reach and impact of public service education. As an offshoot of this effort, the Volcker Alliance is collaborating closely with the team at Arizona State University's Watts College of Public Service and Community Solutions to plan and host a conference for university leaders focused on engaging undergraduates in public service education. The Volcker Alliance was one of three winners of the Government Effectiveness Advanced Research Center (GEAR) Challenge in 2019, and was awarded a $300,000 grant from the United States Office of Management and Budget to help improve the use of evidence and data by the federal workforce. The Volcker Alliance is working with our partners to deliver customized training on data-driven decision-making to 250 federal managers in the Kansas City region. The Volcker Alliance launched the Paul A. Volcker Careers in Government Essay Contest in 2019 to recognize students who aspire to pursue careers in public service. The contest raised student awareness about the opportunities that come with a career in public service, including mission, impact, job security and pathways for career advancement; helped unpack what motivates students to opt for a career in government as opposed to the private sector; and honored Mr. Volcker's unparalleled contributions to the civic sector and his commitment to ensuring the public sector workforce is talented, innovative, and effective. Talent Pipeline The Volcker Alliance is developing a portfolio of initiatives focused on building the talent pipeline for government. Our Government-to-University Initiative (G2U) is an innovative approach to strengthening the public service talent pipeline by assembling regional networks of governments and universities. G2U officially launched in 2019 with establishment of the G2U Regional Coalition in Kansas City. The Alliance continued its efforts to expand the initiative throughout the year, and is poised to add three additional sites to the G2U network in 2020. Truth and Integrity in Government Finance The Truth and Integrity in Government Finance initiative is a multiyear study of state and local budgeting, financial reporting, and fiscal practices across the United States. The tangible impact of this initiative continues to increase, with a growing list of states that have passed laws and implemented recommended budgeting policy improvements: Utah, Pennsylvania, Vermont, Connecticut, Illinois, Georgia, and New Jersey. In July, state lawmakers, budget officials, investors, Federal Reserve officials, and the media gathered in Atlanta for the FY2020 State Fiscal Conference, "Truth and Integrity in State Budgeting: Looming Risks, Durable Solutions." At the event, co-hosted by the Volcker Alliance and Federal Reserve Bank of Atlanta, attendees discussed strategies for meeting critical challenges and gained actionable information on budgetary risks and best practices. The Alliance worked closely with the Federal Reserve Bank of Atlanta to create a four-podcast series focused on infrastructure, workforce development, state fiscal risks, and rainy day funds. The Truth and Integrity in Government Finance initiative released two important working papers in 2019. The first, entitled Rainy Day Fund Strategies: A Call to Action, examines the rainy day fund policies and practices of all fifty states and sets out a ten-point program that states can use as a template for reform. The second paper, America's Trillion-Dollar Repair Bill: Capital Budgeting and the Disclosure of State Infrastructure Needs, offered a ten-point strategy to help states reform capital budgeting and infrastructure deferred maintenance reporting practices. 2801046 true true false false false false false true true true false false false false true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 20 0 true 25 true false false false false false false true false false false false false X 17 16 true false false false false false false true true false false true true true true true true true false false NY X Emily Bolton 6463430155 560 Lexington Ave Ste 16B New York NY 10022 Anthony Dowd Treasurer 5.0 X X 0 0 0 Paul A Volcker CHAIRMAN, DECEASED 12/8/19 5.0 X X 0 0 0 Thomas W Ross President 40.0 X X 397218 0 35034 Anthony Foxx BOARD MEMBER 1.0 X 0 0 0 ANTHONY WALTON BOARD MEMBER (thru January 2019) 1.0 X 0 0 0 Antonio Weiss BOARD MEMBER 1.0 X 0 0 0 CHARLES ARTHUR BOWSHER BOARD MEMBER 1.0 X 0 0 0 FRANCIS FUKUYAMA BOARD MEMBER 1.0 X 0 0 0 Norman J Ornstein BOARD MEMBER 1.0 X 0 0 0 RICHARD RAVITCH BOARD MEMBER 1.0 X 0 0 0 SHEILA BAIR BOARD MEMBER 1.0 X 0 0 0 SHIRLEY CLARKE FRANKLIN BOARD MEMBER 1.0 X 0 0 0 Stephanie Miner BOARD MEMBER 1.0 X 0 0 0 THOMAS M DAVIS BOARD MEMBER 1.0 X 0 0 0 WILLIAM H DONALDSON BOARD MEMBER 1.0 X 0 0 0 William Haslam BOARD MEMBER (STARTING SEPTEMBER 2019) 1.0 X 0 0 0 William R Rhodes Board Member 1.0 X 0 0 0 WILLIAM WARREN BRADLEY BOARD MEMBER, CHAIRMAN STARTING 12/12/19 1.0 X 0 0 0 Amy M Smitherman Chief Financial Officer (thru March 2019) 40.0 X 108150 0 8938 Sara Mogulescu EXECUTIVE VICE PRESIDENT 40.0 X 278337 0 37214 Gaurav Vasisht Senior VP and Director, Financial Regulation 40.0 X 183009 0 50874 William Glasgall SENIOR VP AND DIRECTOR, STATE & LOCAL 40.0 X 220948 0 36099 EMILY BOLTON Chief Strategy Officer 40.0 X 140912 0 6971 Maggie Mello Associate Director 40.0 X 120484 0 16888 Melissa Austin Associate Director 40.0 X 118256 0 18836 Neilia Stephens DIRECTOR OF COMMUNICATIONS 40.0 X 143750 0 9436 1711064 0 220290 8 false true false MUNICIPAL MARKET ANALYTICS INC 75 MAIN STREET CONCORD MA 01742 MARKET RESEARCH 225200 1 300000 4678746 4978746 FISCAL SPONSOR ADMIN REVENUE 611430 38981 38981 0 0 0 0 38981 339687 339687 0 0 16318322 13924070 2394252 0 2394252 2394252 0 0 0 0 0 7751666 38981 0 2733939 X 1355821 810439 287876 257506 912511 545451 193750 173310 67023 40063 14231 12729 159336 95243 33831 30262 171624 102588 36440 32596 14791 14739 52 140966 140467 499 35144 35144 800706 781531 12708 6467 6200 3465 938 1797 86659 48437 13110 25112 20664 11550 3126 5988 369997 219039 81362 69596 116124 100491 10670 4963 18824 16290 1730 804 18431 10911 4053 3467 6874 6850 24 COMMUNICATIONS COLLATERAL 59593 59382 211 27486 15548 9967 1971 4388774 2801046 960374 627354 83740 703828 1641838 82505 0 300000 27790 0 0 0 0 0 25627 44364 68556 64758 22229 3798 10754929 14321699 0 0 70327 70327 12626480 15526521 195208 163584 0 268934 0 0 0 0 195208 432518 X 11431272 13756948 1000000 1337055 12431272 15094003 12626480 15526521 3362892 -700161 0 X false true X true false X 704550 3072795 1044491 1886210 1978746 8686792 0 0 704550 3072795 1044491 1886210 1978746 8686792 5959473 2727319 519296 528108 496759 339025 339687 2222875 0 0 0 20455 0 20455 0 0 0 0 0 0 10930122 261714 0.2495 0.2015 X Schedule A, Part II, Line 17a FACTS & CIRCUMSTANCES TEST THE ORGANIZATION IS IN ITS EARLY YEAR OF EXISTENCE AND IS REVIEWING ITS EFFORTS TO SOLICIT FUNDS FROM THE GENERAL PUBLIC AND OTHER PUBLIC CHARITIES. THE ORGANIZATION HAS DEMONSTRATED A POSITIVE TREND FROM 2018 TO 2019 WITH AN INCREASE IN PUBLIC SUPPORT. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 1000000 78251 41196 1037055 0 1000000 1000000 0 0 0 0 0 0 0.0 1.0 0.0 false false 5000 5000 0 13109 13109 0 50447 46649 3798 3798 0 7016555 -700161 194 -699967 7716522 35144 0 35144 7751666 4353824 194 194 4353630 35144 0 35144 4388774 Schedule D, Part X, Line 2 FIN 48 (ASC 740) FOOTNOTE The Alliance is exempt from income taxes under §501(c)(3) of the U.S. Internal Revenue Code and is classified as a public charity under §509(a)(1) and §170(b)(1)(A)(vi). The Alliance has adopted accounting guidance related to accounting for uncertainty in income taxes. This guidance requires the Alliance to recognize a tax benefit only if it is more likely than not the tax position would be sustained in a tax examination, with a tax examination being presumed to occur. The amount recognized is the largest amount of tax benefit that is greater than 50 percent likely of being realized on examination. For tax positions not meeting the more-likely-than-not test, no tax benefit is recorded. The Alliance has examined this issue and has determined there are no material contingent liabilities or questionable tax positions. The Alliance does not expect the total amount of unrecognized tax benefits to significantly change in the next 12 months. The Alliance recognizes interest and/or penalties related to income tax matters in income tax expense. The Alliance did not have any amount accrued for interest and penalties at December 31, 2019 or 2018. Schedule D, Part IV, Line 2b Explanation of escrow agreement The Volcker Alliance maintains a fiscal sponsorship agreement with the Council on Criminal Justice, Inc. wherein the Alliance receives charitable contributions on behalf of the Council and maintains these funds in a separate account. The Alliance makes grants from these funds to the Council so that the Council may pursue projects that further its charitable mission. The Alliance may also use these funds to pay for the Council's expenses. Any contributions received on behalf of the Council must be reported as contributions to the Alliance as required by law. The Alliance receives a set administrative fee for these contributions. The Council must submit a quarterly reporting of how the funds are received or spent. At the end of the agreement, all remaining funds, less expenses, must be granted to the Council. Schedule D, Part V, Line 4 Intended uses of endowment funds 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. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Expense credit recorded as revenue - 194 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Expense credit recorded as revenue - 194 X X true false false false false false false false true true Thomas W Ross President 397218 0 0 0 0 0 9535 0 25499 0 432252 0 0 0 Sara Mogulescu EXECUTIVE VICE PRESIDENT 278337 0 0 0 0 0 12283 0 24931 0 315551 0 0 0 William Glasgall SENIOR VP AND DIRECTOR, STATE & LOCAL 220948 0 0 0 0 0 7998 0 28101 0 257047 0 0 0 Gaurav Vasisht Senior VP and Director, Financial Regulation 183009 0 0 0 0 0 7000 0 43874 0 233883 0 0 0 Neilia Stephens DIRECTOR OF COMMUNICATIONS 143750 0 0 0 0 0 5140 0 4296 0 153186 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment FORMER CFO, AMY SMITHERMAN, RECEIVED SEVERANCE PAYMENT OF $51,350 IN 2019. Schedule J, Part I, Line 8 Payments on contract that is subject to the initial contract exception The compensation of the President is paid pursuant to an employment contract that was subject to the initial contract exception described in Regs. Section 53.4958-4(a)(3). Form 990, Part VI, Line 15b Process to establish compensation of other officers and key employees: The compensation of other officers and key employees remained consistent with the prior year, with no salary adjustments. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Sheila Bair and William Warren Bradley - Business relationship Form 990, Part VI, Line 11b Review of form 990 by governing body THE FORM 990 WAS PREPARED BY A NATIONAL ACCOUNTING FIRM IN CONJUNCTION WITH THE ORGANIZATION'S FINANCIAL DEPARTMENT AND ACCOUNTING CONSULTANT. 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, Line 12c Conflict of interest policy THE CONFLICTS 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 QUESTIONNAIRE. THESE QUESTIONNAIRES ARE MONITORED ANNUALLY AND POTENTIAL CONFLICTS ARE IMMEDIATELY ADDRESSED BY THE ORGANIZATION. THE CURRENT YEAR QUESTIONNAIRES HAVE NOT REVEALED ANY CONFLICTS THAT REQUIRED ACTION BY THE ALLIANCE. IF A CONFLICT DOES ARISE, THE TRUSTEE IS ASKED TO WITHDRAW FROM ANY DISCUSSION OR DECISION-MAKING WITH RESPECT TO THE MATTER IN WHICH THE CONFLICT OF INTEREST ARISES. Form 990, Part VI, Line 15a Process to establish compensation of top management official The board approves the compensation of the President. Fiscal year 2018 compensation review was conducted in 2019, and fiscal year 2019 review will be conducted in 2020. Form 990, Part VI, Line 19 Required documents available to the public 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 Other Fees PROGRAM CONSULTANTS - Total Expense: 762607, Program Service Expense: 757158, Management and General Expenses: 5449, Fundraising Expenses: 0; PAYROLL FEES - Total Expense: 34051, Program Service Expense: 20354, Management and General Expenses: 7230, Fundraising Expenses: 6467; OTHER PROFESSIONAL FEES - Total Expense: 4048, Program Service Expense: 4019, Management and General Expenses: 29, Fundraising Expenses: 0; - Total Expense: , Program Service Expense: , Management and General Expenses: , Fundraising Expenses: ;