2018-08-20T16:00:12-05:00 2017-12-31 350921680 CROWE LLP 488 Madison Avenue Floor 3 New York NY 100225702 990 2017-01-01 454585989 Volcker Alliance Inc VOLC 6463430155 560 Lexington Ave 16B New York NY 10022 Thomas W Ross President 2018-08-20 true Danielle Tewes P01327423 2125725500 2017 2022-09-23 18:48:47Z Thomas W Ross 560 Lexington Ave 16B New York NY 10022 7547938 false X www.volckeralliance.org X 2012 NY The Volcker Alliance advances effective management of government to achieve results that matter to citizens. 18 16 18 21 0 0 3072796 1044491 18517 436 528108 828175 0 0 3619421 1873102 0 0 0 2292300 2307770 0 0 165373 1786514 3161432 4078814 5469202 -459393 -3596100 18688671 15906739 444275 161564 18244396 15745175 The Volcker Alliance advances effective management of government to achieve results that matter to citizens. The nonpartisan Alliance works toward that objective by partnering with other organizations-academic, business, governmental, and public interest-to strengthen professional education for public service, conduct needed research on government performance, and improve the efficiency and accountability of governmental organization at the federal, state, and local levels. false false 4097742 436 Public Service Excellence Initiatives The Volcker Alliance is conducting a number of initiatives focused on building a highly capable corps of public servants and, simultaneously, relevant research. In 2017, the Volcker Alliance launched Renewing America's Civil Service, a joint initiative with the Partnership for Public Service, to identify tangible legislative and executive branch solutions to overhaul the outdated federal civil service system. Preparing Tomorrow's Public Service is an ongoing research-based initiative focused on spurring educational innovation to meet the challenges of complex governance in the future. The Volcker Alliance also released research papers on the size and composition of the federal government workforce and the current balance of consideration of faculty research, teaching, and service in tenure and promotion practices at schools of public affairs. In November 2017, the Alliance held a daylong symposium in Washington, DC in honor of the 90th birthday of our chairman and founder Paul A. Volcker and his legacy of public service, to discuss the critical governance challenges facing the United States. Financial Regulation Initiatives Building on the successful December 2016 release of the Volcker Alliance's report Unfinished Business: Banking in the Shadows, the Financial Regulation Initiatives team spent 2017 studying the changes being considered in federal financial regulation, particularly those related to the Dodd-Frank Wall Street Reform and Consumer Protection Act . As part of this work, the Volcker Alliance convened private roundtable discussions with leading academics and experts on the future of financial reform, presented the Volcker Alliance's analysis at conferences around the country, and met with policy makers and their staffs to share our analysis. State and Local Initiatives In November 2017, the Volcker Alliance released a report Truth and Integrity in State Budgeting: What is the Reality? examining and grading the budgeting and transparency practices of all fifty US states, in order to highlight states with the most effective procedures and those that fall short, while outlining best practices in each assessment category. The result of a multi-year study conducted in partnership with more than fifty professors and graduate students in public finance and budgeting at eleven US schools of public administration or policy, the study assesses the quality of states' budgeting practices, including public worker retirement funding and disclosure of budgetary and other critical fiscal data. The results and recommendations reported were presented and discussed in conferences and other settings. 4097742 true true false true false false false false false false 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 18 0 true 18 true false false false false false false true false false false X 18 16 false false false false false false false true true false false true true true true true true true true false NY X Amy M Smitherman 6463430155 560 Lexington Ave Ste 16B New York NY 10022 Thomas W Ross President 40.0 X X 374166 0 30338 Anthony Dowd Treasurer 5.0 X X 2500 0 0 PAUL A VOLCKER CHAIR 20.0 X X 0 0 0 MICHAEL BRADFIELD GENERAL COUNSEL (thru August 2017) 5.0 X X 0 0 0 THOMAS M DAVIS BOARD MEMBER 1.0 X 0 0 0 William R Rhodes Board Member 1.0 X 0 0 0 ANTHONY WALTON 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 CHARLES ARTHUR BOWSHER BOARD MEMBER 1.0 X 0 0 0 WILLIAM WARREN BRADLEY BOARD MEMBER 1.0 X 0 0 0 ALICE RIVLIN BOARD MEMBER 1.0 X 0 0 0 WILLIAM H DONALDSON BOARD MEMBER 1.0 X 0 0 0 SHIRLEY CLARKE FRANKLIN 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 Anthony Foxx BOARD MEMBER (Starting December 2017) 1.0 X 0 0 0 Stephanie Miner BOARD MEMBER (Starting December 2017) 1.0 X 0 0 0 Antonio Weiss BOARD MEMBER (Starting December 2017) 1.0 X 0 0 0 WILLIAM GLASGALL DIRECTOR, STATE & LOCAL 40.0 X 212271 0 26422 Amy M Smitherman Director, Finance and Human Resources 40.0 X 183122 0 23769 Gaurav Vasisht Director, Financial Regulation 40.0 X 180341 0 35090 EMILY BOLTON Dir, Strategy, Communications & Prog Dev 40.0 X 148077 0 5236 Maggie Mello Project Manager 40.0 X 101391 0 14007 1201868 0 134862 6 false true false 0 1044491 1044491 CONFERENCES 611430 436 436 0 0 0 0 436 496759 496759 0 0 6006252 5674836 331416 0 331416 331416 0 0 0 0 0 1873102 436 0 828175 X 1065519 793951 218791 52777 855685 637598 175704 42383 60172 44836 12356 2980 201859 150412 41449 9998 124535 92795 25572 6168 29 14 15 32318 15072 16985 261 45311 21131 23814 366 50450 50450 2106211 1793332 306734 6145 167650 104917 41678 21055 38057 23816 9461 4780 330456 209353 105680 15423 161223 119987 41211 25 79999 59538 20449 12 11386 7214 3641 531 8616 4018 4528 70 RECRUITING 1405 656 738 11 GRAPHIC DESIGN 19145 8928 10062 155 COPY EDITING AND FACT CHECKING 9824 4582 5163 79 Special Events 11991 5592 6302 97 87361 0 85304 2057 5469202 4097742 1206087 165373 1353968 105779 341191 325000 0 0 0 28466 29194 68556 34941 45001 33615 16849718 15342824 0 0 70327 70327 18688671 15906739 119275 161564 325000 0 0 444275 161564 X 17500826 15445175 743570 300000 18244396 15745175 18688671 15906739 -3596100 1096879 0 X false true X true false X 5169584 7173591 704550 3072795 1044491 17165011 0 0 5169584 7173591 704550 3072795 1044491 17165011 13824357 3340654 4780 420625 519296 528108 496759 1969568 0 0 0 0 0 0 0 0 0 0 0 0 19134579 355584 0.1746 X Schedule A, Part II, Line 1 Unusual Grant The organization is tracking an unusual grant in the amount of $10,000,000 received in 2013. In accordance with the instructions, the organization has excluded the unusual grant from Schedule A, Part II, Lines 1 and 5 for purposes of calculating its public support percentage. Schedule A, Part II, Line 17a FACTS & CIRCUMSTANCES TEST EXPLANATION WHILE THE ORGANIZATION IS BELOW THE 33 1/3% PUBLIC SUPPORT PERCENTAGE, THE ORGANIZATION IS IN ITS EARLY YEARS OF EXISTENCE AND IS REVIEWING ITS EFFORTS TO SOLICIT FUNDS FROM THE GENERAL PUBLIC AND OTHER PUBLIC CHARITIES. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5469202 5469202 423460 0 105865 0 0 0 250458 353941 423460 1027859 1541789 0 0 0 0 0 0 62615 88485 105865 256965 385447 0 0 0 0 0 5000 5000 13109 8470 4639 50447 26471 23976 33615 0 X 2919531 1096879 0 1096879 1822652 50450 0 50450 1873102 5418752 0 0 5418752 50450 0 50450 5469202 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ALLIANCE IS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAXATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS CLASSIFIED AS A PUBLIC CHARITY UNDER 509(A)(1) AND SECTION 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 AN 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, 2017 OR 2016. X X X false false false false false false false false false Thomas W Ross President 374166 0 0 0 0 0 9858 0 20480 0 404504 0 0 0 WILLIAM GLASGALL DIRECTOR, STATE & LOCAL 212271 0 0 0 0 0 5942 0 20480 0 238693 0 0 0 Amy M Smitherman Director, Finance and Human Resources 183122 0 0 0 0 0 6549 0 17220 0 206891 0 0 0 Gaurav Vasisht Director, Financial Regulation 180341 0 0 0 0 0 6203 0 28887 0 215431 0 0 0 EMILY BOLTON Dir, Strategy, Communications & Prog Dev 148077 0 0 0 0 0 5236 0 0 0 153313 0 0 0 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. 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 THIS 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 ALLIANCE UTILIZED THE SERVICES OF A PROFESSIONAL EXECUTIVE SEARCH FIRM TO LOCATE THE CURRENT PRESIDENT. SALARY BENCHMARKING WAS PERFORMED BY THE EXECUTIVE SEARCH FIRM, BUT THE FINAL DETERMINATION AS TO THE PRESIDENT'S TOTAL COMPENSATION PACKAGE (INCLUSIVE OF SALARY AND BENEFITS) WAS DETERMINED AND APPROVED BY THE COMPENSATION COMMITTEE UNDER DELEGATED AUTHORITY FROM THE BOARD OF DIRECTORS. THE TERMS OF THE PRESIDENT'S COMPENSATION PACKAGE WERE MEMORIALIZED IN A WRITTEN EMPLOYMENT CONTRACT UPON HIRING. The compensation amount was suggested by outside consultants with consideration of the Alliance size and budget. This compensation was reviewed by the compensation committee and approved by the full board in December 2017. Form 990, Part VI, Line 15b Process to establish compensation of other employees SALARY BENCHMARKING FOR OTHER OFFICERS AND KEY EMPLOYEES IS PERFORMED BY THE DIRECTOR OF FINANCE AND HUMAN RESOURCES USING COMPARABILITY DATA. HOWEVER THE FINAL DETERMINATION AS TO TOTAL COMPENSATION IS DETERMINED AND APPROVED BY THE COMPENSATION COMMITTEE UNDER DELEGATED AUTHORITY FROM THE BOARD OF DIRECTORS ON AN ANNUAL BASIS. THIS PROCESS IS DOCUMENTED. 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: 2028404, Program Service Expense: 1738059, Management and General Expenses: 290295, Fundraising Expenses: 50; PAYROLL FEES - Total Expense: 8910, Program Service Expense: 6639, Management and General Expenses: 1830, Fundraising Expenses: 441; COMMUNICATIONS & PUBLIC RELATIONS - Total Expense: 45015, Program Service Expense: 28171, Management and General Expenses: 11191, Fundraising Expenses: 5653; OTHER PROFESSIONAL FEES - Total Expense: 23882, Program Service Expense: 20463, Management and General Expenses: 3418, Fundraising Expenses: 1;