Volcker Alliance Inc

Organization Overview

Volcker Alliance Inc is located in New York, NY. The organization was established in 2012. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Volcker Alliance Inc employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Volcker Alliance Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2023, Volcker Alliance Inc generated $5.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $5.2m during the year ending 12/2023. While expenses have increased by 5.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Volcker Alliance Inc has awarded 41 individual grants totaling $1,858,455. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

THE VOLCKER ALLIANCE EMPOWERS THE PUBLIC SECTOR WORKFORCE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SEE SCHEDULE OOVERVIEWTHE VOLCKER ALLIANCE IS A NONPROFIT FOUNDED BY FORMER FEDERAL RESERVE BOARD CHAIRMAN PAUL A. VOLCKER DEDICATED TO ADVANCING HIS VISION OF AN EMPOWERED PUBLIC SECTOR WORKFORCE. OUR PROGRAMS WORK IN SERVICE OF OUR FOUR MAIN STRATEGIES TO EDUCATE, EMPOWER, CONNECT, AND INSPIRE CURRENT AND ASPIRING PUBLIC SERVANTS. WE PROMOTE INNOVATION IN PUBLIC SERVICE EDUCATION, EMPOWER LEADERS TO BUILD THE DEMOCRACY OF OUR FUTURE, CONNECT TALENT TO CITY, STATE, AND FEDERAL GOVERNMENT JOBS, AND INSPIRE OTHERS WITH THE STORY OF MR. VOLCKER'S COMMITMENT TO PUBLIC SERVICE. THE VOLCKER ALLIANCE HAS HELPED DEFINE THE FIELD OF PUBLIC SERVICE EDUCATION THROUGH CONVENING AND SUPPORTING THE DEANS SUMMIT. THE DEANS SUMMIT IS A NETWORK OF DEANS AND DIRECTORS OF THE NATION'S SCHOOLS OF PUBLIC SERVICE. RECOGNIZING THAT BROADENING THE REACH OF PUBLIC SERVICE EDUCATION IS CRITICAL TO THE FUTURE OF OUR DEMOCRACY, OVER 70 MEMBERS OF THIS COLLABORATIVE SHED COMPETITIVE POSTURE IN FAVOR OF COLLECTIVE ACTION. FOR EXAMPLE, LAUNCHED IN 2023 IN CONNECTION WITH THE DEANS SUMMIT, THE CONSTRUCTIVE DIALOGUE CURRICULUM INITIATIVE HELPS SCHOOLS OF PUBLIC SERVICE DESIGN AND IMPLEMENT INNOVATIVE CURRICULA THAT PREPARE THE NEXT GENERATION OF PUBLIC SERVICE LEADERS TO BRIDGE DIVIDES. IN COLLABORATION WITH THE CONSTRUCTIVE DIALOGUE INSTITUTE (CDI), 14 SCHOOLS OF PUBLIC SERVICE ARE DEVELOPING COURSES TO TEACH SKILLS FOR COLLABORATING ACROSS DIFFERENCE. OUR NEXT GENERATION SERVICE CORPS DRAWS DIVERSE, TALENTED YOUNG PEOPLE INTO PUBLIC SERVICE CAREERS. THIS INITIATIVE NOW INCLUDES OVER TWENTY MEMBER UNIVERSITIES. APPROXIMATELY 1,200 STUDENTS WILL BE ENROLLED IN PARTICIPATING PROGRAMS IN FALL 2024. THE NEXT GENERATION SERVICE CORPS HAS CATALYZED A NATIONAL NETWORK OF UNDERGRADUATE STUDENTS WHO ARE COMMITTED TO SERVING THEIR COMMUNITIES AND CHARTING THE FUTURE OF OUR DEMOCRACY. IN 2023, THE VOLCKER ALLIANCE CONTINUED TO EXPAND ITS PUBLIC FINANCE PORTFOLIO. OUR SPECIAL BRIEFING WEBINAR PROGRAM, PRODUCED IN PARTNERSHIP WITH THE UNIVERSITY OF PENNSYLVANIA INSTITUTE FOR URBAN RESEARCH, ATTRACTED STRONG VIEWERSHIP FOR BOTH THE LIVESTREAM AND PODCAST EDITIONS. THROUGH THE STATE AND LOCAL BUDGETING IN THE COVID ERA PROJECT, THE ALLIANCE PUBLISHED TWO ISSUE PAPERS IN 2023 FOCUSED ON THE FISCAL IMPACT OF THE COVID-19 PANDEMIC ON STATE AND LOCAL BUDGETS. SPECIFICALLY, "REVENUE AT RISK" FOCUSED ON BOLSTERING NEW YORK CITY'S BUDGET AHEAD OF FEDERAL CUTS TO STATE AID, AND "ON THE EDGE" FOCUSED MORE BROADLY ON HOW STATES SHOULD BEST BALANCE THEIR BUDGET AS FEDERAL ARPA FUNDING RUNS OUT. OUR TALENT INITIATIVES ARE INNOVATIVE, COLLABORATIVE PROJECTS THAT SEEK TO STRENGTHEN AND DIVERSIFY THE TALENT PIPELINE INTO GOVERNMENT. IN 2023, THE VOLCKER ALLIANCE CONTINUED TO DIRECT JOBSEEKERS TO CAREER OPPORTUNITIES IN GOVERNMENT THROUGH VIRTUAL HIRING FAIRS. LEVERAGING INNOVATIONS IN TECHNOLOGY ACCELERATED BY THE PANDEMIC, JOB FAIRS DRAW HUNDREDS OF DIVERSE, HIGHLY SKILLED JOB SEEKERS AND CONSTRUCTIVELY CONNECT THEM TO GOVERNMENT EMPLOYERS URGENTLY SEEKING TALENT. ALSO, AS PART OF THE MACARTHUR FOUNDATION'S SAFETY AND JUSTICE CHALLENGE, THE VOLCKER ALLIANCE CONDUCTED AN EXPANSIVE STRATEGIC PLANNING EFFORT TO IDENTIFY STRATEGIES TO ENSURE THAT DIVERSE, TALENTED LEADERS SERVE AS STEWARDS OF THE CRIMINAL JUSTICE SYSTEM. FINALLY, THE VOLCKER ALLIANCE AIMS TO INSPIRE OTHERS WITH THE STORY OF MR. VOLCKER'S COMMITMENT TO PUBLIC SERVICE. CORE TO OUR EFFORTS HERE, IN 2023 WE AWARDED EIGHT STIPENDS TO COLLEGE STUDENTS THROUGH THE PAUL A. VOLCKER GOVERNMENT INTERNSHIP AWARD PROGRAM, TO SUPPORT THEIR PARTICIPATION IN GOVERNMENT INTERNSHIPS AND OPEN THE DOOR TO CAREERS IN PUBLIC SERVICE.


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Board, Officers & Key Employees

Name (title)Compensation
Sara Mogulescu
President
$375,457
William Bradley
Chairman
$0
Thomas W Ross
Vice Chairman
$44,560
Sheila Bair
Board Member
$0
Thomas M Davis
Board Member
$0
Anthony Dowd
Treasurer
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Skdknickerbocker Llc
Communications
$160,000
Berlin Rosen
Communications & Media Relations
$219,750
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$5,076,200
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$5,076,200
Total Program Service Revenue$50,000
Investment income $356,567
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$226,638
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $5,262,215

Grants Awarded

Over the last fiscal year, Volcker Alliance Inc has awarded $170,245 in support to 10 organizations.

Grant RecipientAmount

UNIVERSITY OF WISONSIN MADISON

PURPOSE: IMPLEMENTATION OF NEXTGEN SERVICE CORPS

$39,874

CALIFORNIA STATE UNIVERSITY DOMINGUEZ HILLS FOUNDATION

PURPOSE: GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES

$20,000

GEORGIA CITY SOLUTIONS INC

PURPOSE: GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES

$20,000

MID AMERICA REGIONAL COUNCIL

PURPOSE: GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES

$20,000

JAMES MADISON UNIVERSITY

PURPOSE: IMPLEMENTATION OF NEXTGEN SERVICE CORPS

$17,150

HUMANS OF PUBLIC SERVICES

PURPOSE: GOVERNMENT TO UNIVERSITY TALENT CONNECTION INITIATIVES

$15,000
View Grant Profile

Peer Organizations

Organization NameAssets
State Democracy Project
Brooklyn, NY
$19,722,670
National Action Network Inc
New York, NY
$8,432,584
Volcker Alliance Inc
New York, NY
$5,262,215
Niagara Tobacco Asset Securitization Corp
Lockport, NY
$3,725,366
The Benefit Shop Foundation Inc
Mount Kisco, NY
$2,736,249
Pittsburgh Allegheny County Thermal Ltd
Pittsburgh, PA
$203,735
New Bedford Economic Development Council Inc
New Bedford, MA
$2,890,059
Westmoreland County Federated Library System
Greensburg, PA
$1,953,407
Licensed Plumbing Association Of Ny City
Bellerose, NY
$1,786,762
Verified Voting Foundation
Philadelphia, PA
$1,997,161
Center For Governmental Research Inc
Rochester, NY
$1,558,268
Town Hall Annex Corporation
Greenwich, CT
$2,239,418
Tioga County Tourists Promotion Agency
Wellsboro, PA
$1,140,829
Greater Philadelphia Film Office
Philadelphia, PA
$1,411,212
Columbia County Tourist Promotion Agency Inc
Bloomsburg, PA
$1,174,856
Mercer County Tourist Promotion Agency 43
Sharon, PA
$1,233,315
Boston Municipal Research Bureau Inc
Boston, MA
$644,487
Allegheny League Of Municipalities
Pittsburgh, PA
$781,266
New York State Assoc Of Town Supt Of Highways Inc
Albany, NY
$653,341
Council For Inclusive Governance
Binghamton, NY
$598,516
Beaver County Regional Council Of Governments
Monaca, PA
$391,852
Public Assets Institute Inc
Montpelier, VT
$739,196
Center For Collaborative Democracy Inc
New York, NY
$775,480
City Administrators & Supervisors Local No 20 Inc
Bloomfield, NJ
$513,722
The Virtue Foundation
New York, NY
$801,905

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