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Volcker Alliance Inc

EIN 45-4585989 · New York, NY

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood75 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$4.6 million
Spending
$6.3 million
Spent on programs
83%
Reserves
32.5 months of spending
Largest source of income
donations and private grants, 79%
Employees
26
Volunteers
16
Highest pay
$454,279, president

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 75 out of 100. Higher than 46% of charities in its peer group (public benefit, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 32.5 months of spending.

  • Debt

    20 of 20

    It owes 6% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 39% of income.

  • Income trend

    5 of 15

    Income fell 13% on the year before.

  • Spending floor

    15 of 15

    83% of spending went to programs and raising each dollar of donations cost 7 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100. Higher than 70% of charities in its peer group (public benefit, $1m to $10m).

  • Independent board

    25 of 25

    15 of 17 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $5.3 million spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 2012.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.