Overview
What is Volcker Alliance Inc?
Volcker Alliance Inc is a nonprofit organization, established by former Federal Reserve Board Chairman Paul A. Volcker, dedicated to fostering an empowered public sector workforce. Based in New York, the alliance promotes innovation in public service education, driving curriculum advancements in both undergraduate and graduate programs. It convenes deans and directors of schools of public service through the Dean's Summit, advocating for collective action to broaden the reach of public service education. Volcker Alliance also focuses on research, launching the Richard Ravitch Public Finance Initiative to promote fiscal sustainability at various government levels. Additionally, it connects diverse, talented job seekers to government jobs and inspires young individuals to pursue careers in public service through various initiatives and awards. With a mission to empower public servants from diverse backgrounds and support their advancement, the alliance collaborates with governments, universities, thought leaders, and philanthropies.
Official website here: www.volckeralliance.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Star rating)
Volcker Alliance Inc has achieved an impressive 97% score from Charity Navigator, indicating a high level of accountability and financial health. This rating reflects the organization’s strong governance practices, such as having a fully independent board and comprehensive financial oversight mechanisms. The absence of material asset diversions and a robust conflict of interest policy further underscores its commitment to transparency.
The organization's financial ratios are notable, with a program expense ratio of 74.63%, demonstrating that a significant portion of its spending is directed toward programs rather than administrative costs. Additionally, it boasts a fundraising efficiency ratio of $0.06, meaning that only six cents are spent to raise a dollar, which highlights effective fundraising strategies. The working capital ratio of 3.96 years indicates strong financial stability, allowing it to operate without immediate financial pressures.
While the organization shows tremendous strengths in governance and financial management, the data does not provide information on specific program outcomes or user feedback from beneficiaries. This lack of insight into the effectiveness of its programs could be a limitation for those looking to understand the impact of its work. Overall, Volcker Alliance Inc appears to be a well-managed nonprofit with strong fiscal practices.
This AI summary has been generated from information found on Charity Navigator.
Is Volcker Alliance Inc legitimate?
Volcker Alliance Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Volcker Alliance Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $945,151
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,417,319
For more financial information, click here
Official website here: www.volckeralliance.org
What is the mission statement of Volcker Alliance Inc?
The Volcker Alliance Inc, a nonprofit organization, is committed to empowering the public sector workforce. Founded by former Federal Reserve Board Chairman Paul A. Volcker, the Alliance aims to advance his vision of an empowered public sector workforce. They are dedicated to helping create the future of public service by supporting and promoting diverse public servants to influential positions in government. The Volcker Alliance also fosters collaborations with governments, universities, thought leaders, and philanthropies, pursuing new opportunities and incubating innovative initiatives to further their mission. At the core of their efforts is the cultivation of powerful partnerships and extraordinary networks of change-makers.
Official website here: www.volckeralliance.org
Who is the CEO of Volcker Alliance Inc?
Sara Mogulescu is the President of Volcker Alliance Inc.
Official website here: www.volckeralliance.org
What is the revenue of Volcker Alliance Inc?
Volcker Alliance Inc's revenue in 2022 was $2,666,702.
Official website here: www.volckeralliance.org
Who are the executives of Volcker Alliance Inc and what are their salaries?
The average compensation at Volcker Alliance Inc during 2022 was $84,374. There are 28 employees and 16 volunteers at Volcker Alliance Inc.
Here are 24 key members and their salaries:
- Compensation: $351,998
- Related: $0
- Other: $42,151
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- Other: $0
- Compensation: $54,118
- Related: $0
- Other: $335
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- Compensation: $229,136
- Related: $0
- Other: $9,678
- Compensation: $203,259
- Related: $0
- Other: $25,719
- Compensation: $246,976
- Related: $0
- Other: $45,347
- Compensation: $141,682
- Related: $0
- Other: $34,276
- Compensation: $136,273
- Related: $0
- Other: $48,535
- Compensation: $134,223
- Related: $0
- Other: $6,313
- Compensation: $124,763
- Related: $0
- Other: $29,837
Official website here: www.volckeralliance.org
Where can I find the form 990 for Volcker Alliance Inc?
Volcker Alliance Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.volckeralliance.org
Learn more at the official website: www.volckeralliance.org
Mission Statement of Volcker Alliance Inc
Volcker Alliance Inc, a nonprofit founded by former Federal Reserve Board Chairman Paul A. Volcker, is dedicated to advancing his vision of an empowered public sector workforce. The organization's mission is to help create the future of public service by empowering public servants from diverse backgrounds and supporting them in reaching positions of influence in government. Through collaborations with governments, universities, thought leaders, and philanthropies, Volcker Alliance Inc is deepening its efforts to foster powerful partnerships and extraordinary networks of change-makers. The nonprofit is nimble in pursuing new opportunities and incubating innovative initiatives that promise to further its mission. At its core, Volcker Alliance Inc focuses on cultivating powerful partnerships and assembling networks of change-makers.
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Impact
July, 2024
Volcker Alliance Inc is making a significant impact by empowering the public sector workforce. Through various initiatives and programs, they are driving innovation in public service education, promoting research on effective government, connecting diverse job seekers to government jobs, and championing the integrity and legacy of Paul Volcker. Their efforts are shaping the future of public service by empowering public servants from diverse backgrounds and supporting them to attain influential positions in government. This organization is playing a crucial role in fostering collaboration and creating a network of change-makers dedicated to advancing the public sector workforce.
This information is meant to be a general summary of Volcker Alliance Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: -$119,702
- Program Service Revenue: $92,954
- Gross Receipts: $21,511,492
Assets and Liabilities:
- Total Assets: $20,293,018
- Total Liabilities: $1,454,108
- Net Assets: $18,838,910
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
VIRTUAL JOB FAIR HOSTING
Revenue
$62,954
FISCAL SPONSOR ADMINISTRATION
Revenue
$30,000
Organization Details
Founding Year
2012
Phone
(646) 343-0155Principal Officer
Sara Mogulescu
Main Address
39 BROADWAY 1930, NEW YORK, NY, 10006
Website
www.volckeralliance.orgNTEE Category
Code: W20 - Public benefit
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