2017-05-12T11:05:01-05:00 2016-12-31 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2016-01-01 454585989 Volcker Alliance Inc VOLC 6463430155 560 Lexington Ave 16B New York NY 10022 Thomas W Ross President 2017-04-18 true Danielle Tewes P01327423 3128997000 2016 2021-01-29 14:40:06Z Thomas W Ross 560 Lexington Ave 16B New York NY 10022 3619421 false X www.volckeralliance.org X 2012 NY TO ADDRESS THE CHALLENGE OF EFFECTIVE EXECUTION OF PUBLIC POLICIES AND TO REBUILD PUBLIC TRUST IN GOVERNMENT. 15 14 19 14 0 0 704550 3072796 174788 18517 519296 528108 0 0 1398634 3619421 36000 0 0 1808197 2292300 0 336512 1305406 1786514 3149603 4078814 -1750969 -459393 18739960 18688671 113026 444275 18626934 18244396 TO ADDRESS THE CHALLENGE OF EFFECTIVE EXECUTION OF PUBLIC POLICIES AND TO REBUILD PUBLIC TRUST IN GOVERNMENT; TO CATALYZE NEW THINKING WITH RESPECT TO GOVERNANCE, AND ENCOURAGE EFFORTS OF INTERESTED INSTITUTIONS TO PROVIDE RELEVANT EDUCATION AND TRAINING FOR PUBLIC SERVICE. false false 2838413 18517 The Volcker Alliance was launched in 2013 by former Federal Reserve Board Chairman Paul A. Volcker to address the challenge of effective execution of public policies and to help rebuild public trust in government. The nonpartisan Alliance works toward that broad 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. Public Service Excellence In 2016, the Volcker Alliance launched Preparing Tomorrow's Public Service, an initiative with the objective of encouraging educational innovation to assist government in meeting the complex management and operational challenges it will face in the future. As a first step in this effort, the Alliance is conducting research and gathering input from government practitioners and educators to identify and categorize the needs of the 21st century government workforce. This work builds on an initial study published by the Alliance of the skills and competencies necessary for an effective public procurement workforce. Financial Regulation The Volcker Alliance continues to lay out a vision to reshape the financial regulatory system for the 21st century while emphasizing the need to preserve key reforms enacted after the recent financial crisis. In December 2016, the Alliance partnered with the Institute for New Economic Thinking to convene a forum to discuss regulatory and structural changes needed to ensure the stability and resilience of financial markets and release the Alliance report, Unfinished Business: Banking in the Shadows, which included recommendations on the needed changes. State and Local In October 2016, the Volcker Alliance launched the Truth and Integrity in Government Finance project, a multiyear study designed to help improve budgeting and fiscal sustainability in all fifty US states. The Alliance is partnering on this effort with students and professors of public finance from across the country. 2838413 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 19 true false false false false false false false false false false X 15 14 false false false false false false false true true false false true true true true true true true true false TX NY CT X Amy M Smitherman 6463430155 560 Lexington Ave Ste 16B New York NY 10022 PAUL A VOLCKER CHAIR 20.0 X X 0 0 0 ANTHONY DOWD TREASURER and interim President (thru 7/5) 24.0 X X 129520 0 28570 MICHAEL BRADFIELD GENERAL COUNSEL 5.0 X X 0 0 0 RICHARD RAVITCH BOARD MEMBER 1.0 X 0 0 0 SHEILA BAIR BOARD MEMBER 0.5 X 0 0 0 CHARLES ARTHUR BOWSHER BOARD MEMBER 0.5 X 0 0 0 WILLIAM WARREN BRADLEY BOARD MEMBER 0.5 X 0 0 0 THOMAS M DAVIS BOARD MEMBER 0.5 X 0 0 0 WILLIAM H DONALDSON BOARD MEMBER 0.5 X 0 0 0 SHIRLEY CLARKE FRANKLIN BOARD MEMBER 0.5 X 0 0 0 FRANCIS FUKUYAMA BOARD MEMBER 0.5 X 0 0 0 NORMAN J ORNSTEIN BOARD MEMBER 0.5 X 0 0 0 ALICE RIVLIN BOARD MEMBER 0.5 X 0 0 0 ANTHONY WALTON BOARD MEMBER 0.5 X 0 0 0 William R Rhodes Board Member 0.5 X 0 0 0 Thomas W Ross President (as of 7/5) 40.0 X 171393 0 10308 Amy M Smitherman Director, Finance and Human Resources 40.0 X 153988 0 20920 WILLIAM GLASGALL DIRECTOR, STATE & LOCAL 40.0 X 207248 0 24479 Gaurav Vasisht Director, Financial Regulation 40.0 X 174029 0 25470 Pradeep Nair Director, Public Service Excellence 40.0 X 195170 0 23767 EMILY BOLTON Dir, Strategy, Communications & Prog Dev 40.0 X 120506 0 4258 1151854 0 137772 7 false true false 0 0 0 3072796 3072796 CONFERENCES 611430 18517 18517 0 0 0 0 18517 528108 528108 0 0 0 0 0 0 0 0 0 3619421 18517 0 528108 X 0 0 0 0 0 0 0 0 1164862 756112 267918 140832 885825 574989 203740 107096 25463 16529 5856 3078 80282 52111 18465 9706 135868 88192 31250 16426 20809 17848 2021 940 36127 2918 33209 0 0 54421 54421 801667 751658 47606 2403 117686 74036 31340 12310 39458 24031 10640 4787 379724 227670 119585 32469 114842 87320 27454 68 13401 13401 15694 9873 4179 1642 7190 4523 1915 752 RECRUITING 42822 1294 41528 GRAPHIC DESIGN 31820 30858 962 COPY EDITING AND FACT CHECKING 11117 10781 336 Meeting catering 10243 7481 2762 89493 86788 0 2705 4078814 2838413 903889 336512 1333250 1353968 50000 341191 0 0 0 46889 28466 60695 15694 52940 45001 17186554 16849718 0 0 70327 70327 18739960 18688671 113026 119275 325000 0 0 113026 444275 X 18626934 17500826 743570 18626934 18244396 18739960 18688671 -459393 76855 0 X false true X true false X 500000 5169584 7173591 704550 3072795 16620520 0 0 500000 5169584 7173591 704550 3072795 16620520 13463267 3157253 4780 420625 519296 528108 1472809 0 0 0 0 0 0 0 18093329 355148 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. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4078814 4078814 353941 0 88485 0 0 0 250458 353941 604399 906599 0 0 0 0 0 62615 88485 151100 226650 0 0 0 0 5000 5000 3786 3451 335 51909 12243 39666 45001 0 X 3641855 76855 0 76855 3565000 54421 0 54421 3619421 4024393 0 0 4024393 54421 0 54421 4078814 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, 2016 OR 2015. X X X X false false false false false false false false false ANTHONY DOWD TREASURER and interim President (thru 7/5) 129520 0 0 0 0 0 2700 0 25870 0 158090 0 0 0 Thomas W Ross President (as of 7/5) 171393 0 0 0 0 0 2019 0 8289 0 181701 0 0 0 Amy M Smitherman Director, Finance and Human Resources 153988 0 0 0 0 0 5755 0 15165 0 174908 0 0 0 WILLIAM GLASGALL DIRECTOR, STATE & LOCAL 207248 0 0 0 0 0 6355 0 18124 0 231727 0 0 0 Gaurav Vasisht Director, Financial Regulation 174029 0 0 0 0 0 0 0 25470 0 199499 0 0 0 Pradeep Nair Director, Public Service Excellence 195170 0 0 0 0 0 6993 0 16774 0 218937 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 June 2016. 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: 710560, Program Service Expense: 696775, Management and General Expenses: 12648, Fundraising Expenses: 1137; PAYROLL FEES - Total Expense: 6219, Program Service Expense: 3747, Management and General Expenses: 2386, Fundraising Expenses: 86; COMMUNICATIONS & PUBLIC RELATIONS - Total Expense: 5043, Program Service Expense: 3038, Management and General Expenses: 1935, Fundraising Expenses: 70; OTHER PROFESSIONAL FEES - Total Expense: 79845, Program Service Expense: 48098, Management and General Expenses: 30637, Fundraising Expenses: 1110;