Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Nov 2012.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
83 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
24 people listed on the 990; $1.6M paid to officers and key staff (Part VII, Section A).
Sara Mogulescu’s $404K as President is at the 96th percentile of top reported officer pay among 731 $1–10M public & societal benefit nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Thomas a Ross | — | — | — | $254,381 | $439,801 |
| Sara Mogulescu | $403,774 | $375,457 | $351,998 | $323,805 | $310,343 |
| Emily Bolton | $58,032 | $273,490 | $229,136 | $181,125 | $177,748 |
| William Glasgall | $243,792 | $264,732 | $246,976 | $192,376 | $242,776 |
| Melissa Austin | $246,519 | $221,744 | $203,259 | $153,587 | $151,623 |
| 35321maggie Mello | $165,723 | — | — | — | — |
| Brett Hunt | $159,072 | $152,139 | $136,273 | — | — |
| Maggie Mello | — | $157,526 | $141,682 | $135,584 | $124,949 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Volcker Alliance INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowers public sector workers to improve government services.
Questions for Volcker Alliance INC
Your first name shows with your question. Volcker Alliance INC answers here, for everyone.
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.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 45-4585989) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | FY24 | FY23 | FY22 | FY21 | FY20 |
|---|---|---|---|---|---|
| End of yearLn 1g | $1.1M | $1.1M | $943K | $1.1M | $1.1M |
| SpentLn 1d–1f | $53K | $39K | $47K | $54K | $40K |
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $1.2M | $1.4M |
| InvestmentsLn 11–13 | $17.9M | $18.3M |
| Land, buildings, equipmentLn 10c | $243K | $185K |
| Total assetsLn 16 | $22.6M | $22.8M |
| LiabilitiesLn 26 | $1.2M | $1.4M |
| Net assetsLn 32 | $21.4M | $21.4M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $377K | $377K | ||
| Grants to domestic individualsLn 2 | $56K | $56K | ||
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $1.6M | $1.2M | $298K | $144K |
| Other salaries and wagesLn 7 | $1.2M | $972K | $211K | $13K |
| Pension plan contributionsLn 8 | $15K | $11K | $3K | $1K |
| Other employee benefitsLn 9 | $242K | $181K | $52K | $10K |
| Payroll taxesLn 10 | $227K | $173K | $42K | $12K |
| Legal feesLn 11b | $21K | $2K | $12K | $7K |
| Accounting feesLn 11c | $93K | $93K | ||
| Investment management feesLn 11f | $43K | $43K | ||
| Other fees for servicesLn 11g | $1.6M | $1.6M | $3K | $2K |
| Advertising and promotionLn 12 | $1K | $1K | ||
| Office expensesLn 13 | $51K | $34K | $4K | $12K |
| Information technologyLn 14 | $138K | $119K | $13K | $6K |
| OccupancyLn 16 | $254K | $204K | $34K | $16K |
| TravelLn 17 | $182K | $170K | $10K | $2K |
| Conferences, conventions and meetingsLn 19 | $64K | $56K | $7K | $1K |
| Depreciation, depletion and amortizationLn 22 | $77K | $61K | $10K | $5K |
| InsuranceLn 23 | $27K | $22K | $4K | $2K |
| Other expenses (24a–d)Ln 24 | $79K | $65K | $11K | $3K |
| All other expensesLn 24e | $429 | $229 | $200 | |
| Total functional expensesLn 25 | $6.3M | $5.3M | $850K | $235K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest ViewingFiled with the IRS Oct 3, 2025 | $4.6M | $6.3M | −$1.8M | $21.4M | 990 PDF |
| FY2023Filed with the IRS Sep 25, 2024 | $5.3M | $5.2M | $112K | $21.4M | 990 PDF |
| FY2022Filed with the IRS Sep 18, 2023 | $2.7M | $4.9M | −$2.2M | $18.8M | 990 PDF |
| FY2021Filed with the IRS Aug 26, 2022 | $7.6M | $4.5M | $3.2M | $23.3M | 990 PDF |
| FY2020Filed with the IRS Sep 15, 2021 | $7.7M | $4.9M | $2.8M | $18.8M | 990 PDF |
Schedules filed Part IV
See the full FY2024 990
Part I · Summary $4,554,035 revenue, 12 lines filed
Part VI · Governance 15 of 17 board members independent, no flags
Part VIII · Statement of revenue $4,554,035 across 7 lines filed
Part IX · Statement of functional expenses $6,334,965 across 21 lines filed
Part X · Balance sheet $22,803,099 assets, 18 lines filed
Part XI · Reconciliation of net assets $21,406,175 net assets at year end
Form 990 e-file FY2024 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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