Bruce Springsteen Archives and Center for American Music Corporat
Public records show a registered, tax-exempt organization in good standing.
What it says it does
SEE SCHEDULE OTHE BRUCE SPRINGSTEEN ARCHIVES AND CENTER FOR AMERICAN MUSIC CORPORATION (THE "CENTER") WAS ORGANIZED ON NOVEMBER 27, 2017, AND SHALL BE OPERATED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES TO SUPPORT THE ACTIVITIES OF MONMOUTH UNIVERSITY (THE "UNIVERSITY"), AN EDUCATIONAL INSTITUTION THAT IS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE OF 1986. THE CENTER SHALL BE RESPONSIBLE FOR ARCHIVING TO PRESERVE AND PROMOTE THE LEGACY OF BRUCE SPRINGSTEEN AND HIS ROLE IN THE HISTORY OF AMERICAN MUSIC AS WELL AS OTHER FIGURES RELATING TO AMERICAN MUSIC THE AFFILIATE MAY HEREAFTER ACQUIRE OR GAIN ACCESS TO. THE CENTER WILL SEEK TO CREATE ACADEMIC, PERFORMANCE AND EXHIBIT SPACES, ENABLING THE CENTER TO BECOME A MAJOR INTERNATIONAL SCHOLARLY RESOURCE FOR ACADEMIC RESEARCHERS AND MUSIC HISTORIANS.
- Income
- $4.6 million
- Spending
- $2.5 million
- Spent on programs
- 58%
- Reserves
- 51.7 months of spending
- Largest source of income
- donations and private grants, 90%
- Employees
- 18
- Volunteers
- 14
- Highest pay
- $1.2 million, director-bsacam; president-mu
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Strong: 93 out of 100. Higher than 80% of charities in its peer group (arts and culture, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 51.7 months of spending.
Debt
20 of 20It owes 10% of what it owns.
Living within its means
15 of 15Income exceeded spending by 45% of income.
Income trend
15 of 15Income rose 91% on the year before.
Spending floor
8 of 1558% of spending went to programs and raising each dollar of donations cost 17 cents.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 65% of charities in its peer group (arts and culture, $1m to $10m).
Independent board
25 of 2514 of 15 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, 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 million spent. EDUCATIONTHE CENTER WILL CREATE A MUSICAL ARTS CENTER ON BEHALF OF MONMOUTH UNIVERSITY WHICH WILL HOUSE AN EXPANSIVE ARCHIVE TO PRESERVE AND PROMOTE THE LEGACY OF BRUCE SPRINGSTEEN AND HIS ROLE IN THE HISTORY OF AMERICAN MUSIC. DURING 2025, THE UNIVERSITY BEGAN THE CONSTRUCTION OF THE FACILITY THAT WILL HOUSE THE OPERATIONS OF THE CENTER. THIS PROJECT IS REFLECTED IN CONSTRUCTION IN PROGRESS ON THE UNIVERSITY'S FINANCIAL STATEMENTS AND IS EXPECTED TO BE COMPLETED IN SPRING 2026. (CONTINUED ON SCHEDULE O)THE CENTER WILL HOUSE BOTH THE UNIVERSITY'S AND BRUCE SPRINGSTEEN'S COLLECTIONS, CREATING AN OPEN AND INVITING EXHIBITION SPACE TO PERMANENTLY SHOWCASE SUCH COLLECTIONS AS WELL AS OTHER COLLECTIONS RELATING TO AMERICAN MUSIC, AND CREATING ACADEMIC, PERFORMANCE AND EXHIBIT SPACE ENABLING THE SPRINGSTEEN CENTER TO BECOME A MAJOR INTERNATIONAL SCHOLARLY RESOURCE FOR ACADEMIC RESEARCHERS AND MUSIC HISTORIANS. THE CENTER CONDUCTED PROGRAM ACTIVITIES INCLUDING TRAVELING EXHIBITS AND EDUCATIONAL SYMPOSIUMS DURING THE FYE 6/30/25.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
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 October 13, 2026.
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 October 13, 2026.
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 October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2018.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
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 21, 2026.
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