Nonprofit · EIN 45-4585989
VOLCKER ALLIANCE INC
Tax-exempt · NEW YORK, NY 10006
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,554,035 | $6,334,965 | -$1,780,930 | $22,803,099 | $1,396,924 | $21,406,175 |
| December 31, 2023 | 990 | $5,262,215 | $5,150,241 | $111,974 | $22,606,082 | $1,156,432 | $21,449,650 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $3,590,117
- Program service revenue
- $264,667
- Investment income
- $698,811
- Net gain from sales of assets
- $361,538
- Other revenue
- $440
Expenses
- Grants and similar amounts paid
- $432,989
- Compensation of officers, directors and key employees
- $1,630,923
- Other salaries and wages
- $1,196,232
- Salaries, compensation and benefits (total)
- $3,311,654
- Professional fundraising fees
- $0
- Legal fees
- $20,836
- Accounting fees
- $92,572
- Occupancy
- $254,041
- Travel
- $181,850
- Depreciation
- $76,738
- Program services (functional)
- $5,250,058
- Management and general (functional)
- $849,698
- Fundraising (functional)
- $235,209
Balance sheet and other
- Total assets, start of year
- $22,606,082
- Total assets, end of year
- $22,803,099
- Total liabilities, end of year
- $1,396,924
- Net assets, end of year
- $21,406,175
- Land, buildings and equipment
- $185,382
- Publicly traded securities
- $18,328,577
- Net assets without donor restrictions
- $17,342,499
- Net assets with donor restrictions
- $4,063,676
- Gross receipts
- $11,419,363
- Employees
- 26
- Volunteers
- 16
- Year formed
- 2012
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARA MOGULESCU | PRESIDENT Trustee or director, Officer | 40 | $403,774 | $50,505 |
| WILLIAM GLASGALL | SENIOR DIRECTOR, PUBLIC FINANCE Key employee | 40 | $243,792 | $52,288 |
| MELISSA AUSTIN | CHIEF OPERATING OFFICER Officer | 40 | $246,519 | $30,493 |
| BRETT HUNT | SR. DIRECTOR, NEXT GENERATION Key employee | 40 | $159,072 | $59,388 |
| 35321MAGGIE MELLO | SENIOR DIRECTOR, PUBLIC SECTOR Key employee | 40 | $165,723 | $41,410 |
| NOAH WINN-RITZENBERG | DIRECTOR, RESEARCH AND IMPACT Highest-paid employee | 40 | $135,650 | $50,709 |
| PETER MORRISSEY | DIRECTOR, TALENT AND STRATEGY Key employee | 40 | $157,348 | $7,704 |
| EMILY BOLTON | EXECUTIVE VICE PRESIDENT THRU 2/2024 Officer | 40 | $58,032 | $2,331 |
| THOMAS W ROSS | VICE CHAIRMAN Trustee or director, Officer | 5 | $42,151 | $0 |
| WILLIAM BRADLEY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| ANTHONY DOWD | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| SHEILA BAIR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS M DAVIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| T ELOISE FOSTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTHONY FOXX | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SHIRLEY CLARKE FRANKLIN | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANCIS FUKUYAMA | BOARD MEMBER Trustee or director | 1 | $0 |
| STEPHANIE MINER | BOARD MEMBER Trustee or director | 1 | $0 |
| NORMAN J ORNSTEIN | BOARD MEMBER Trustee or director | 1 | $0 |
| JENNIFER PAHLKA | BOARD MEMBER Trustee or director | 1 | $0 |
| MICHAEL PIWOWAR | BOARD MEMBER Trustee or director | 1 | $0 |
| WILLIAM RHODES | BOARD MEMBER Trustee or director | 1 | $0 |
| JAMES P VOLCKER | BOARD MEMBER Trustee or director | 1 | $0 |
| ANTONIO WEISS | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 24 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SARA MOGULESCU | PRESIDENT Trustee or director, Officer | 40 | $375,457 | $46,801 |
| WILLIAM GLASGALL | SENIOR DIRECTOR, PUBLIC FINANCE Key employee | 40 | $264,732 | $49,392 |
| EMILY BOLTON | EXECUTIVE VICE PRESIDENT Officer | 40 | $273,490 | $9,564 |
| MELISSA AUSTIN | CHIEF OPERATING OFFICER Officer | 40 | $221,744 | $28,485 |
| BRETT HUNT | SR. DIRECTOR, NEXT GENERATION SERVICE INITIATIVES Key employee | 40 | $152,139 | $53,893 |
| MAGGIE MELLO | SENIOR DIRECTOR, PUBLIC SERVICE EDUCATION Key employee | 40 | $157,526 | $37,872 |
| NOAH WINN-RITZENBERG | DIRECTOR, RESEARCH AND IMPACT Highest-paid employee | 40 | $128,661 | $30,439 |
| PETER MORRISSEY | DIRECTOR, TALENT INITIATIVES Highest-paid employee | 40 | $146,089 | $6,819 |
| THOMAS W ROSS | VICE CHAIRMAN Trustee or director, Officer | 5 | $44,560 | $0 |
| WILLIAM BRADLEY | CHAIRMAN Trustee or director, Officer | 1 | $0 | $0 |
| SHEILA BAIR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| THOMAS M DAVIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTHONY DOWD | TREASURER Trustee or director, Officer | 5 | $0 | $0 |
| T ELOISE FOSTER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTHONY FOXX | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| SHIRLEY CLARKE FRANKLIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| FRANCIS FUKUYAMA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| STEPHANIE MINER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| NORMAN J ORNSTEIN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHAEL PIWOWAR | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| RICHARD RAVITCH | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| WILLIAM RHODES | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| JAMES P VOLCKER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ANTONIO WEISS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 39 BROADWAY RM 1930, NEW YORK, NY 10006-3153
- In care of
- % AMY M SMITHERMAN
- Principal officer (990 for 2024)
- SARA MOGULESCU, 39 BROADWAY 1930, NEW YORK, NY 10006
- Signed the 990
- SARA MOGULESCU, PRESIDENT
- Phone
- (646) 343-0155
- Return prepared by
- LUTZ AND CARR CPAS LLP
Mission
THE 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.
Program accomplishments
- 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. 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 GENERATIVE 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, NEARLY 80 MEMBERS OF THIS COLLABORATIVE SHED COMPETITIVE POSTURE IN FAVOR OF COLLECTIVE ACTION.FOR EXAMPLE, IN COLLABORATION WITH THE CONSTRUCTIVE DIALOGUE INSTITUTE (CDI), THE ALLIANCE IS WORKING WITH 14 SCHOOLS OF PUBLIC SERVICE TO DEVELOP NEW COURSES AND CURRICULA TO TEACH SKILLS FOR COLLABORATING ACROSS DIFFERENCE. ADDITIONALLY, THE ALLIANCE LAUNCHED A NEW INITIATIVE IN 2024-SERVICE TO SERVICE-WITH OUR PARTNERS AT WE THE VETERANS AND MILITARY FAMILIES. SERVICE TO SERVICE AIMS TO CONNECT VETERANS AND MILITARY FAMILIES WITH PUBLIC SERVICE EDUCATION PATHWAYS AND CONNECT THEM TO STABLE AND IMPACTFUL CAREERS IN PUBLIC LEADERSHIP. A DOZEN SERVICE TO SERVICE PILOT SCHOOLS ARE RECRUITING VETERANS AND MILITARY FAMILY MEMBERS INTO MASTER'S DEGREE PROGRAMS, PROVIDING THEM WITH A MEANINGFUL CROSS-CAMPUS FELLOWSHIP EXPERIENCE THAT ENCOURAGES NETWORK BUILDING AND PROFESSIONAL DEVELOPMENT, AND WILL FACILITATE PLACEMENT IN STATE AND LOCAL GOVERNMENT JOBS UPON DEGREE COMPLETION. OUR NEXT GENERATION SERVICE CORPS (NEXTGEN SERVICE) INTRODUCES UNDERGRADUATES FROM ALL MAJORS TO PUBLIC SERVICE VALUES AND BUILDS PRACTICAL, COLLABORATIVE, LEADERSHIP SKILLS. THE NATIONAL INITIATIVE COMPRISES 20 OF OUR NATION'S MOST INNOVATIVE UNIVERSITIES WITH PLANS TO ONBOARD FIVE ADDITIONAL SCHOOLS IN 2025.NEXTGEN SERVICE HAS CATALYZED A NATIONAL NETWORK OF OVER 1,000 UNDERGRADUATE STUDENTS WHO ARE PASSIONATE ABOUT THE FUTURE OF OUR DEMOCRACY AND ARE ACTIVELY SEEKING OPPORTUNITIES TO GET CIVICALLY INVOLVED. THE VOLCKER ALLIANCE IS HELPING TO PROPEL THIS EXTRAORDINARY NETWORK OF CIVIC-MINDED STUDENTS INTO PUBLIC SERVICE CAREERS BY HOSTING A RANGE OF INNOVATIVE NETWORKING AND LEADERSHIP DEVELOPMENT ACTIVITIES.THE VOLCKER ALLIANCE ALSO CONTINUES TO EXPAND ITS PUBLIC FINANCE PORTFOLIO. OUR SPECIAL BRIEFING PROGRAM, PRODUCED IN PARTNERSHIP WITH THE UNIVERSITY OF PENNSYLVANIA INSTITUTE FOR URBAN RESEARCH, ATTRACTS STRONG VIEWERSHIP FOR THE VIDEO LIVESTREAM AND PODCAST EDITIONS. WE RELEASED THREE ISSUE PAPERS IN 2024: STATE TAX CUTS AFTER THE PANDEMIC: STRATEGIES TO SUSTAIN FISCAL HEALTH, DOOM LOOP OR BOOM LOOP: WORK FROM HOME AND THE CHALLENGES FACING AMERICA'S BIG CITIES, AND BENEFIT OR BURDEN: EVALUATING $1 TRILLION IN STATE TAX EXPENDITURES. THE VOLCKER ALLIANCE ALSO ENGAGED IN A STRATEGIC PLANNING PROCESS IN 2024, TO CONSIDER HOW IT MIGHT REVIVE ITS TRUTH AND INTEGRITY IN STATE BUDGETING (TISB) REPORT SERIES TO SERVE THE PROSPECTIVE NEEDS OF STATE FISCAL POLICYMAKERS AND DRIVE BEST PRACTICES IN THE POST-PANDEMIC WORLD.OUR TALENT INITIATIVES SEEK TO STRENGTHEN AND EXPAND THE TALENT PIPELINE INTO GOVERNMENT. THROUGH THE TRANSFORMERS IN THE PUBLIC SECTOR INITIATIVE, WE ARE SUPPORTING A COHORT OF STATES THAT ARE IMPLEMENTING STRATEGIES THAT BROADEN ACCESS TO STATE JOBS FOR WORKERS WHO ARE SKILLED THROUGH ALTERNATIVE ROUTES (STARS). ADDITIONALLY, OUR VIRTUAL JOB FAIRS HAVE BROUGHT TOGETHER OVER 6,000 JOB SEEKERS WITH REPRESENTATIVES FROM MORE THAN 300 GOVERNMENT AGENCIES URGENTLY SEEKING TALENT. ONE EVENT HELD IN OCTOBER 2024, IN PARTNERSHIP WITH THE U.S. OFFICE OF PERSONNEL MANAGEMENT AND THE TECH TO GOV COALITION, DREW MORE THAN 1,300 JOB SEEKERS TO ENGAGE WITH REPRESENTATIVES FROM 30 FEDERAL AGENCIES SEEKING TECHNOLOGY TALENT, INCLUDING FEMA, THE FBI, THE DEPARTMENT OF HOMELAND SECURITY, THE INTERNAL REVENUE SERVICE, THE UNITED STATES DIGITAL CORPS, AND MORE. IN 2024, WE PARTNERED WITH THE AMERICAN SOCIETY FOR PUBLIC ADMINISTRATION (ASPA) TO ESTABLISH THE PAUL A. VOLCKER PUBLIC INTEGRITY AWARD. THE FIRST SUCH AWARD WAS CONFERRED AT ASPA'S ANNUAL CONFERENCE IN MARCH 2025 TO DR. MAE JEMISON, AN INDIVIDUAL THAT, LIKE MR. VOLCKER, HAS MADE OUTSTANDING CONTRIBUTIONS TO RESPONSIBLE CONDUCT IN PUBLIC SERVICE.WITH THE AIM OF SHARING MR. VOLCKER'S LEGACY WITH RISING LEADERS WHILE ALSO SUPPORTING THEIR EXPLORATION OF PUBLIC SERVICE CAREERS, THE ALLIANCE ADMINISTERS THE PAUL A. VOLCKER GOVERNMENT INTERNSHIP AWARD. STUDENTS INTERNING WITH STATE, LOCAL, OR FEDERAL GOVERNMENT ARE ELIGIBLE TO RECEIVE A $3,000 STIPEND THROUGH THIS PROGRAM. OUR TEAM MANAGES PROMOTION, APPLICATION, AND SELECTION ON A ROLLING BASIS.Expenses $5,250,058 · grants $432,989 · revenue $264,667
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 45-4585989
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2012
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W20)
- Assets (IRS master file)
- $22,803,099
- Income (IRS master file)
- $11,419,363
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $5,262,215 | $5,150,241 | $22,606,082 | IRS |
| 990 | December 2022 | $2,666,702 | $4,878,547 | $20,293,018 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about VOLCKER ALLIANCE INC
- What is the EIN of VOLCKER ALLIANCE INC?
- The employer identification number (EIN) of VOLCKER ALLIANCE INC is 45-4585989.
- Is VOLCKER ALLIANCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2012.
- Are donations to VOLCKER ALLIANCE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does VOLCKER ALLIANCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of VOLCKER ALLIANCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did VOLCKER ALLIANCE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of VOLCKER ALLIANCE INC?
- The 990 for the year ended December 31, 2024 names SARA MOGULESCU.
- Who are the officers and directors of VOLCKER ALLIANCE INC?
- The 990 for the year ended December 31, 2024 lists 24 people; 9 received compensation from the organization, the highest $403,774 (SARA MOGULESCU, PRESIDENT).
- How much revenue does VOLCKER ALLIANCE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,554,035, expenses of $6,334,965 and total assets of $22,803,099 at year end.
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