2016-08-29T17:00:12-05:00 2015-12-31 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2015-01-01 454585989 Volcker Alliance Inc VOLC 6463430155 560 Lexington Ave 16B New York NY 10022 Anthony J Dowd Treasurer 2016-08-26 true Danielle Tewes P01327423 3128997000 2015 2016-12-15 16:53:06Z Anthony Dowd 560 Lexington Ave New York NY 10022 1398634 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. 14 13 23 13 0 0 7173591 704550 46343 174788 420625 519296 0 0 7640559 1398634 49000 36000 0 0 1160484 1808197 0 0 85305 677409 1305406 1886893 3149603 5753666 -1750969 21235365 18739960 85978 113026 21149387 18626934 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 2009168 36000 174788 In 2015, we made great strides in refining where the Alliance can add the most value in our effort to address the challenge of effective execution of public policies and to help rebuild public trust in government. Our programs are beginning to show results and we have completed several of our earliest initiatives on topics ranging from state budgeting to reform of the federal financial regulatory system. Public Service Excellence Program The Alliance Public Service Excellence Program is working in collaboration with public policy and public administration schools at the university level to ensure that all levels of government, federal, state and local, possess the capacity to effectively and efficiently implement public policies, and to enhance the role of these schools as beacons of public service education and research. Financial Regulation Program The Volcker Alliance's Financial Regulation Program focuses on the legal and administrative structures for financial regulators and supervisors. The Alliance's interest in this area stems primarily from the longstanding concerns of founder and chairman, Paul A. Volcker, about the regulation of financial markets and lapses in oversight, the 2008 crisis, and markets' growing complexity. The program's inaugural report, Reshaping the Financial Regulatory System: Long-Delayed, Now Crucial, issued in April 2015, studied the highly fragmented system for regulating financial institutions in the United States. The report offered a vision for reform that would modernize the regulatory framework and create a simpler, more resilient regime better able to adapt to the evolving financial landscape. A follow-up study on mitigating systemic risk in the financial markets is currently underway. State and Local Program The Volcker Alliance's State and Local Program addresses specific challenges of effective execution of public policies that arise in state and local governments. To that end, the Alliance partners with other organizations-academic, business, governmental, and public interest-to conduct needed research on government performance and improve the efficiency, transparency, and accountability of governmental organization at the state and local levels. In its initial report, Truth and Integrity in State Budgeting: Lessons from Three States, issued in June 2015, the Alliance reviewed budgeting and financial reporting practices in California, New Jersey, and Virginia. It also established a preliminary set of reporting principles to better assure the clarity and integrity of financial practices in all states. This report is part of the Truth and Integrity in Government Finance project, a multiyear study of state and local budgeting, financial reporting, and fiscal practices across the United States. As part of the project, the Alliance in 2015 released a working paper, Beyond the Basics: Best Practices in State Budget Transparency, and cosponsored two conferences on state and local fiscal transparency and stress with the Federal Reserve Banks of New York and Chicago. 2009168 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 true false true false false false false false false false false false false false false false false false false false true 3 0 true 23 true false false false false false false false false false false X 14 13 true false false false false false false true true false false true true true true true true false true false NY X Amy 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 24.0 X X 89747 0 13139 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 Shelley H Metzenbaum PRESIDENT 25.0 X 271992 0 6365 WILLIAM GLASGALL DIRECTOR, STATE & LOCAL 40.0 X 200317 0 24461 Gaurav Vasisht Director, Financial Regulation 40.0 X 158505 0 17022 Pradeep Nair Director, Public Service Excellence 40.0 X 186313 0 19188 Amy M Smitherman Director, Finance and Human Resources 40.0 X 130601 0 18485 Emily Bolton Chief of Staff 40.0 X 106231 0 4513 1143706 0 103173 6 false true false 0 704550 704550 SPEAKER FEES 611430 154695 154695 CONFERENCES 611430 14093 14093 CONSULTING FEES 611430 6000 6000 0 0 0 0 174788 519296 519296 0 0 0 0 0 0 0 0 0 1398634 174788 0 519296 36000 36000 0 0 987049 773927 197821 15301 645391 316593 292613 36185 16980 7982 8236 762 46387 16975 27279 2133 112390 73929 34857 3604 21454 21454 33343 33343 0 0 60421 60421 269382 168996 100386 0 117832 77508 36546 3778 14697 9668 4558 471 452647 297745 140387 14515 99205 65256 30768 3181 45071 45071 6293 4139 1952 202 13491 8874 4184 433 RECRUITING 92637 60935 28731 2971 BAD DEBT 17941 11802 5564 575 COPY EDITING AND FACT CHECKING 11730 7716 3638 376 GRAPHIC DESIGN 25522 16788 7916 818 23740 9264 14476 0 3149603 2009168 1055130 85305 690066 1333250 679321 50000 0 0 23442 46889 60801 7861 8786 52940 19753923 17186554 0 0 79827 70327 21235365 18739960 85978 113026 0 0 85978 113026 X 21149387 18626934 21149387 18626934 21235365 18739960 -1750969 -771484 0 X false true X true false X 500000 15169584 7173591 704550 23547725 0 0 0 500000 15169584 7173591 704550 23547725 14020303 9527422 4780 420625 519296 944701 0 0 0 0 0 0 0 24492426 336631 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 2009168 2009168 250458 0 62615 0 0 0 250458 250458 375688 0 0 0 0 62615 62615 93922 0 0 0 5000 5000 5354 1568 3786 50447 6293 44154 52940 0 X 566729 -771484 0 -771484 1338213 60421 0 60421 1398634 3089182 0 0 3089182 60421 0 60421 3149603 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, 2015 OR 2014. true Partnership for Public Service Inc 1100 New york Avenue NW NO 200E Washington DC 20005 061540513 501(c)(3) 16000 Research Assistance SENIORS EXECUTIVE ASSOCIATION 77 K STREET NE NO 2600 WASHINGTON DC 20002 521191891 501(C)(3) 10000 Research Assistance The Brookings Institution 1775 Massachusetts Ave NW Washington DC 20036 530196577 501(c)(3) 10000 Research Assistance 3 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. In summary, parties agree upon set goals ahead of time. Milestones are established and must be met and reviewed in order to have the funds by Volcker Alliance. According to the organization's Bylaws, Article 3, Section 3: To be eligible for approval, proposed grants shall (a) specify the purpose of the grant and how the use of the funds provided in the grant contribute to achieving the charitable purposes of the Corporation as provided for in Article 1, Section 2(a)-(f) of the By-Laws; (b) require agreement by the grantee to use the grant funds solely for the project or program described in the grant and in accordance with the budget contained therein, and in a manner consistent with the terms and conditions of a grant agreement with any funds not so used promptly returned to the Alliance; (c) provide for periodic accounting by the grantee to show that the funds were expended for the charitable purposes specified in the grant agreement; and (d) specify that no portion of the grant funds will be spent to carry on propaganda or otherwise influence legislation or used to influence the outcome of any public election or to support or oppose any candidate for public office. In addition, in the case of grants to entities that are not public charities, such grants shall be subject to the condition that the Alliance, in its absolute discretion, may refuse to make any grants or contributions or otherwise render financial assistance for any or all purposes for which funds were requested, including the right to withdraw approval of grants and to use the funds for other charitable, scientific, or educational purposes. false false false false false false false false false Shelley H Metzenbaum PRESIDENT 271992 0 0 0 0 0 3865 0 2500 0 278357 0 0 0 WILLIAM GLASGALL DIRECTOR, STATE & LOCAL 200317 0 0 0 0 0 6362 0 18099 0 224778 0 0 0 Gaurav Vasisht Director, Financial Regulation 158505 0 0 0 0 0 0 0 17022 0 175527 0 0 0 Pradeep Nair Director, Public Service Excellence 186313 0 0 0 0 0 6631 0 12557 0 205501 0 0 0 Form 990, Part VI, Line 15a DETERMINATION OF COMPENSATION FOR 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 IN AGREEMENT WITH THE BOARD OF DIRECTORS. THE TERMS OF THE PRESIDENT'S COMPENSATION PACKAGE WERE MEMORIALIZED IN A WRITTEN EMPLOYMENT CONTRACT UPON HIRING. THERE WAS NO FORMAL REVIEW OF THE PRESIDENT'S COMPENSATION FOR THE 2015 YEAR, AS IT WAS COVERED IN HER ORIGINAL CONTRACT. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons PAUL VOLCKER AND ANTHONY DOWD - 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. 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 ANY 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 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 IN AGREEMENT WITH 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.