2015-07-16T10:00:10-05:00 2014-12-31 350921680 CROWE HORWATH LLP 225 West Wacker Drive Suite 2600 Chicago IL 606061224 990 2014-01-01 454585989 Volcker Alliance Inc VOLC 6463430155 560 Lexington Ave New York NY 10022 Anthony J Dowd Treasurer 2015-07-14 true NICOLE BENCIK P00756195 3128997000 2014 2016-02-25 16:41:14Z X Paul Volcker 560 Lexington Ave New York NY 10022 7640559 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 15 16 15 0 0 15169584 7173591 115500 46343 4780 420625 0 0 15289864 7640559 0 49000 0 0 353118 1160484 0 0 82507 432935 677409 786053 1886893 14503811 5753666 14878094 21235365 35138 85978 14842956 21149387 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 1491028 49000 46343 The Volcker Alliance pursues a three-pronged programmatic strategy: problem-solving projects, ongoing programs, and change-driving networks. Our progress in each of those areas is described in greater detail below. The three largest program service areas in 2014, as measured by expenses, were our problem-solving projects on financial regulatory reform and truth in state budgeting, and our ongoing program focusing on performance, impact, and innovation. Problem-solving projects The Alliance encourages reform and improved practices to address specific systemic or structure problems that impede progress on governmental policy goals. The Alliance's first two major problem-solving projects address structural reform of the federal financial regulatory system and truth and integrity in state budgeting. Financial Regulatory Reform. In 2014, the Alliance conducted a comprehensive study and drafted a report and recommendations for release in 2015. The report spans oversight and surveillance, supervision and regulation, and market integrity and investor protection. The Alliance makes the case that a thoughtfully reconfigured regulatory system is a necessary step toward effective regulation and the long-term stability of the financial system. To gain momentum for the project as well as to seek input from various stakeholders, the Alliance conducted several colloquia, held meetings with key stakeholders, and sponsored a public event focused on the project. The panelists agreed for the most part that the current regulatory structure was flawed, each panelist offered a different perspective on possible solutions for reform. The recommendations to be contained in the report required significant study and analysis. In developing the analytical foundation for the recommendations, the Volcker Alliance: Conducted the most comprehensive study to date of historic proposals to restructure the regulatory framework, spanning more than 100 years of such reform efforts; Evaluated the strengths and weaknesses of the regulatory structures of key foreign jurisdictions, including Australia, Canada, France, Germany, Japan and the United Kingdom; Assessed the flaws in the current structure of regulation of banking, insurance, securities, derivatives, and shadow banking; Conducted discussions with former and current regulators, academics, trade associations, consumer advocacy groups, financial institutions, and members of Congress; Held various informal colloquia and public programs on issues of relevance to regulatory restructuring; and Analyzed existing works, including studies, white papers, treatises, memoirs, and other research memoranda from a wide range of sources, including the Treasury Department, the Federal Reserve Board, the Financial Crisis Inquiry Commission, the Government Accountability Office, the International Monetary Fund, the Financial Stability Board, and academic institutions and not-for-profit organizations. Truth and Integrity in State Budgeting. The Alliance's State and Local Program is conducting an initial study, to release in June 2015, of the state budgets of California, New Jersey, and Virginia. Removing Barriers to Federal Hiring. A third problem-solving project, removing barriers to federal hiring, was undertaken as a precursor to the Alliance's larger effort to strengthen public service and, particularly, the graduates schools preparing people for public service. The Alliance worked with the Partnership for Public Service and the Robertson Foundation for Government to release a toolkit clarifying widespread misperceptions about federal internships and recent graduate hiring. Ongoing Programs In 2014, the Alliance conducted research and began exploratory projects to formulate long-term strategies for these program areas. In the first area, the Alliance is examining what and how to deliver education for great public service, align research to advance the quality of practice, and remove barriers that make it hard for the young and most talented to enter government service. In the second, the Alliance documented best practices in Massachusetts and Maryland, and partnered on a "Moneyball for Government" event with Results for America and the Brookings Institution. The event featured a roundtable discussion about two "Investing in What Works" papers sponsored by the Alliance, one on education and one on Head Start. Both papers take the crucial and long overdue step of urging program evaluators to ask not just what works but, equally important, what works better. Change-Driving Networks The Alliance is creating and energizing networks of change agents to increase attention and action to improve the administrative excellence of government. In 2014, the Alliance funded a project led by the Professional Development League, a non-profit affiliate of the Senior Executives Association, to establish and maintain an advisory network of the highly accomplished career federal executives who have been awarded the coveted Presidential Rank Award of Distinguished Executive. This Distinguished Executives Advisory Network will provide researchers and policy-makers with a network of experienced, respected senior federal government officials willing to serve as a sounding board for proposed management reforms and be surveyed about public management issues, such as research and education needs. 1491028 true true false 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 7 0 true 16 true false false false false false false false false false false X 15 15 true false false false false false false true true false false true true true true true true false false false NY X Amy Smitherman 6463430155 560 Lexington Ave Ste 16B New York NY 10022 PAUL A VOLCKER CHAIR 20.00 X X 0 0 0 ANTHONY DOWD SECRETARY AND TREASURER 16.00 X X 0 0 0 MICHAEL BRADFIELD GENERAL COUNSEL 2.50 X X 0 0 0 RICHARD RAVITCH BOARD MEMBER 1.00 X 0 0 0 SHEILA BAIR BOARD MEMBER 0.50 X 0 0 0 CHARLES ARTHUR BOWSHER BOARD MEMBER 0.50 X 0 0 0 WILLIAM WARREN BRADLEY BOARD MEMBER 0.50 X 0 0 0 THOMAS M DAVIS BOARD MEMBER 0.50 X 0 0 0 WILLIAM H DONALDSON BOARD MEMBER 0.50 X 0 0 0 SHIRLEY CLARKE FRANKLIN BOARD MEMBER 0.50 X 0 0 0 FRANCIS FUKUYAMA BOARD MEMBER 0.50 X 0 0 0 NORMAN J ORNSTEIN BOARD MEMBER 0.50 X 0 0 0 ALICE RIVLIN BOARD MEMBER 0.50 X 0 0 0 DONNA SHALALA BOARD MEMBER 0.50 X 0 0 0 ANTHONY WALTON BOARD MEMBER 0.50 X 0 0 0 SHELLEY METZENBAUM PRESIDENT 40.00 X 274215 0 6633 EMILY BOLTON CHIEF OF STAFF 40.00 0.00 X 117091 0 8372 WILLIAM GLASGALL PROGRAM AND EDITORIAL DIRECTOR, STATE & LOCAL 40.00 0.00 X 180788 0 7702 572094 0 22707 3 false true false 0 7173591 7173591 SPEAKER FEES 611430 45000 45000 conferences 611430 1343 1343 0 0 0 0 46343 420625 420625 0 0 0 0 0 0 0 0 0 7640559 46343 0 420625 X 49000 49000 280848 210638 28085 42125 730007 693258 22050 14699 15812 14392 969 451 66133 57505 5056 3572 67684 58208 5415 4061 27240 27240 70413 70413 49621 49621 215394 135127 80267 0 69201 59513 5536 4152 7783 6693 623 467 130437 112176 10435 7826 49319 42415 3945 2959 20129 20129 1568 1349 125 94 10023 8620 802 601 RECRUITING 15004 12904 1200 900 SPECIAL EVENTS 8007 6886 641 480 STAFF DEVELOPMENT 1470 1264 118 88 BANK FEES 529 455 42 32 1271 496 775 0 1886893 1491028 313358 82507 14868594 690066 679321 0 0 23442 10354 1568 0 8786 19753923 0 0 9500 79827 14878094 21235365 35138 85978 0 0 0 35138 85978 X 14842956 21149387 14842956 21149387 14878094 21235365 5753666 552765 0 X false true X true false X 500000 15169584 7173591 22843175 0 0 500000 15169584 7173591 22843175 14069257 8773918 4780 420625 425405 0 0 0 0 0 0 23268580 161843 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10354 1568 8786 8786 0 X 8383703 552765 240000 0 792765 7590938 49621 0 49621 7640559 2077272 240000 0 240000 1837272 49621 0 49621 1886893 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, 2014 OR 2013. true Partnership for Public Service Inc 1100 New york Avenue NW NO 200E Washington DC 20005 061540513 501(c)(3) 34000 0 research assistance SENIORS EXECUTIVE ASSOCIATION 77 K STREET NE NO 2600 WASHINGTON DC 20002 521191891 501(C)(3) 15000 0 RESEARCH ASSISTANCE 2 0 Schedule I, Part I, Line 2 Description Of Procedure For Monitoring Use Of Grant Funds 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. Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. 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. X X false false false false false false false false false SHELLEY METZENBAUM PRESIDENT 274215 0 0 0 0 0 3702 0 2931 0 280848 0 0 0 WILLIAM GLASGALL PROGRAM AND EDITORIAL DIRECTOR, STATE & LOCAL 180788 0 0 0 0 0 4846 0 2856 0 188490 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 2014 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 CIRCULATED 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. 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: 132075, Program Service Expense: 132075, Management and General Expenses: , Fundraising Expenses: ; COMMUNICATIONS & PUBLIC RELATIONS - Total Expense: 79497, Program Service Expense: , Management and General Expenses: 79497, Fundraising Expenses: ; HUMAN RESOURCES - Total Expense: 770, Program Service Expense: , Management and General Expenses: 770, Fundraising Expenses: ; OTHER PROFESSIONAL SERVICES - Total Expense: 3052, Program Service Expense: 3052, Management and General Expenses: , Fundraising Expenses: ;