2023-12-18T14:33:46-06:00 2023-06-30 366055558 GRANT THORNTON LLP 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2022-07-01 825325604 BRUCE SPRINGSTEEN ARCHIVES AND CENTER FOR AMERICAN MUSIC CORPORATION BRUC 7325713407 400 CEDAR AVENUE WEST LONG BRANCH NJ 07764 PATRICK F LEAHY CHAIRPERSON/DIRECTOR 7325713407 2023-12-18 1 PATRICK LEAHY 999009999 0 DANIEL ROMANO P00504182 2125990100 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z ROBERT SANTELLI 400 CEDAR AVENUE WEST LONG BRANCH NJ 07764 2627716 0 X WWW.SPRINGSTEENARCHIVES.ORG X 2017 NJ THE CENTER PRESERVES THE LEGACY OF BRUCE SPRINGSTEEN AND CELEBRATES THE HISTORY (CONT. IN SCH. O) OF AMERICAN MUSIC AND ITS DIVERSITY OF ARTISTS AND GENRES. 15 14 5 15 0 0 4027486 2125528 0 78932 15095 160546 0 103506 4042581 2468512 30600 1000 0 0 192132 441789 0 0 389211 123437 514407 346169 957196 3696412 1511316 10198307 12096350 332981 719708 9865326 11376642 X 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. 0 0 352052 1000 78932 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, HOUSING 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 FISCAL YEAR 6/30/23. 352052 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 14 1 0 1 0 1 1 0 1 1 0 0 1 1 1 1 1 1 1 0 0 AL AR CA FL GA HI IL KS KY MD MA MI MN MS NH NJ NM NY NC ND OK OR PA RI SC TN VA WV WI X MARY BYRNE 7325713407 400 CEDAR AVENUE WEST LONG BRANCH NJ 077641898 X PATRICK F LEAHY CHAIRPERSON/DIRECTOR 7.00 63.00 X X 0 826743 111961 BARRY ROSENSTEIN TREASURER 2.00 0.00 X X 0 0 0 JON LANDAU VICE CHAIRPERSON/DIRECTOR 2.00 0.00 X X 0 0 0 HENRY D MERCER III DIRECTOR/ ASST. TREASURER 2.00 0.00 X X 0 0 0 GREY J DIMENNA DIRECTOR 1.00 0.00 X 0 0 0 DON FRIEDMAN DIRECTOR 1.00 0.00 X 0 0 0 LISA MCKEAN DIRECTOR 1.00 1.00 X 0 0 0 MICHAEL A PLODWICK DIRECTOR 1.00 1.00 X 0 0 0 BARBARA CARR DIRECTOR (THRU 11/22) 1.00 0.00 X 0 0 0 ANN UNTERBERG DIRECTOR 1.00 0.00 X 0 0 0 MARILYN LAVERTY DIRECTOR 1.00 0.00 X 0 0 0 NWAKA ONWUSA DIRECTOR 1.00 0.00 X 0 0 0 ELLIOTT GROFFMAN DIRECTOR (AS OF 4/23) 1.00 0.00 X 0 0 0 LESLIE HITCHNER DIRECTOR (AS OF 7/22) 1.00 5.00 X 0 0 0 JEANA PISCATELLI DIRECTOR (AS OF 7/22) 1.00 7.00 X 0 0 0 BRIAN SAMELSON DIRECTOR (AS OF 7/22) 1.00 0.00 X 0 0 0 JOHN J CHRISTOPHER - SECRETARY VP & GENERAL COUNSEL (THRU 9/22) 5.00 50.00 X 0 234084 44307 CHARLENE K DIANA - SECRETARY ACTING VP & GEN COUNSEL (AS OF 9/22) 5.00 50.00 X 0 207018 30028 ROBERT SANTELLI EXECUTIVE DIRECTOR 55.00 0.00 X 114708 0 230 EILEEN S CHAPMAN DIR. OF BSA & CAM AT MU 40.00 0.00 X 38262 84371 41199 152970 1352216 227725 1 0 1 0 0 344812 1780716 2125528 PUBLIC PRGM./EXHIBITS 900099 78932 78932 78932 160546 160546 262710 344812 159204 103506 103506 2468512 78932 0 264052 X 1000 1000 239248 107491 78012 53745 172546 79494 61431 31621 8824 3350 3461 2013 7687 5339 1561 787 13484 6548 4374 2562 19591 19591 288231 55740 334 232157 52811 33406 2403 17002 17184 10236 6948 107016 48606 27984 30426 BANK FEES 28679 842 16782 11055 VEHICLE RENTAL 895 895 957196 352052 215933 389211 9251864 11390922 935920 703863 1565 10523 0 10198307 12096350 332981 719708 332981 719708 X 9156301 10831227 709025 545415 9865326 11376642 10198307 12096350 1511316 0 X 0 1 X 1 0 X X 1 MONMOUTH UNIVERSITY 210634584 2 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 DUE TO MONMOUTH UNIVERSITY 719708 719708 X 2857223 388711 388711 2468512 0 2468512 1345907 388711 388711 957196 0 957196 PART X, LINE 2: THE SPRINGSTEEN CENTER IS AN ORGANIZATION DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE CODE) AND, THEREFORE, IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTIONS 501(C)(3) AND 509(A) OF THE CODE ON INCOME GENERATED BY ACTIVITIES THAT ARE SUBSTANTIALLY RELATED TO ITS TAX-EXEMPT PURPOSES. THERE ARE CERTAIN TRANSACTIONS THAT COULD BE DEEMED UNRELATED BUSINESS INCOME AND COULD RESULT IN A TAX LIABILITY. MANAGEMENT REVIEWS TRANSACTIONS TO ESTIMATE POTENTIAL TAX LIABILITIES USING A MORE-LIKELY THAN-NOT THRESHOLD. IT IS MANAGEMENT'S ESTIMATION THAT THERE ARE NO MATERIAL TAX LIABILITIES THAT NEED TO BE RECORDED. AMERICAN MUSIC HONORS 607522 344812 262710 5542 100005 38675 14982 607522 344812 262710 5542 100005 38675 14982 159204 103506 X 1 1 X X X 0 0 0 0 0 0 0 0 0 PATRICK F LEAHY CHAIRPERSON/DIRECTOR 0 543052 0 200000 0 83691 0 24400 0 87561 0 938704 0 0 JOHN J CHRISTOPHER - SECRETARY VP & GENERAL COUNSEL (THRU 9/22) 0 197548 0 0 0 36536 0 18921 0 25386 0 278391 0 0 CHARLENE K DIANA - SECRETARY ACTING VP & GEN COUNSEL (AS OF 9/22) 0 206470 0 0 0 548 0 16704 0 13324 0 237046 0 0 EILEEN S CHAPMAN DIR. OF BSA & CAM AT MU 36305 80057 0 0 1957 4314 3067 6762 9787 21583 51116 112716 0 0 PART I, LINE 1A TAX GROSS-UP PAYMENT ROBERT SANTELLI, EXECUTIVE DIRECTOR OF THE CENTER, RECEIVED TAX GROSS-UP PAYMENTS RELATED TO PERSONAL TRAVEL EXPENSES WHICH WERE INCLUDED IN HIS REPORTABLE COMPENSATION. THE PAYMENT ALSO INCLUDED THE AMOUNT OF TAX ALLOCABLE TO THOSE WAGES. THIS AMOUNT IS REPORTED IN PART VII, COLUMN D AS "OTHER REPORTABLE COMPENSATION". FORM 990, PART V, LINE 2A: THE CENTER DOES NOT HAVE ITS OWN EMPLOYEES OR ITS OWN PAYROLL. ALL EMPLOYEES PROVIDING SERVICES TO THE ORGANIZATION RECEIVE THEIR W-2S FROM A RELATED ORGANIZATION AND COMMON PAYROLL AGENT, MONMOUTH UNIVERSITY INC. THE ORGANIZATION IS REPORTING ON THIS LINE THE NUMBER OF ITS EMPLOYEES REPORTED ON A FORM W-3, WHICH ARE REPORTED BY MONMOUTH UNIVERSITY INC. FORM 990, PART VI, SECTION A, LINE 1A ROBERT SANTELLI, EXECUTIVE DIRECTOR, IS A NON-VOTING MEMBER OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 2 JEANA PISCATELLI, LESLIE HITCHNER, LISA MCKEAN AND MICHAEL A. PLODWICK ARE TRUSTEES OF MONMOUTH UNIVERSITY. GREY J. DIMENNA IS A FORMER PRESIDENT AND TRUSTEE OF MONMOUTH UNIVERSITY. ROBERT SANTELLI, PATRICK F. LEAHY, JOHN J. CHRISTOPHER, CHARLENE K. DIANA AND EILEEN CHAPMAN ARE EMPLOYEES OF MONMOUTH UNIVERSITY. BARBARA CARR, JON LANDAU, MARILYN LAVERTY AND DON FRIEDMAN HAVE A BUSINESS RELATIONSHP WITH BRUCE SPRINGSTEEN. FORM 990, PART VI, SECTION A, LINE 4 THE BYLAWS WERE AMENDED EFFECTIVE FEBRUARY 23 2023, TO ADD THE ADDITION OF INDEPENDENT DIRECTORS. THE BOARD MAY NOMINATE UP TO THREE PERSONS. INDEPENDENT DIRECTORS RETAIN THE RIGHT TO ATTEND AND PARTICIPATE IN ALL MEETINGS OF THE BOARD BUT ARE NOT ELIGIBLE TO VOTE AT BOARD MEETINGS, OR SERVE AS AN OFFICER OF THE BOARD, OR COUNT IN THE DETERMINATION OF THE NUMBER OF A QUORUM OR IN THE NUMBER OF DIRECTORS REQUIRED. THEY MAY SERVE ON COMMITTEES BUT NOT AS A CHAIR OR VICE CHAIR. THEY ARE ELIGIBLE TO VOTE AT COMMITTEE MEETINGS OTHER THAN THOSE MATTERS WHERE THE COMMITTEE ACTION CONSTITUTES FINAL ACTION ON BEHALF OF THE BOARD. FORM 990, PART VI, SECTION A, LINE 6 THE UNIVERSITY (THE "MEMBER") SHALL BE THE SOLE CORPORATE MEMBER OF THE CENTER AS LONG AS THE UNIVERSITY IS AN ORGANIZATION DESCRIBED IN SECTIONS 501(C)(3) AND 509(A) OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. FORM 990, PART VI, SECTION A, LINE 7A THE BUSINESS AND AFFAIRS OF THE CENTER SHALL BE MANAGED BY OR UNDER THE DIRECTION OF ITS BOARD OF DIRECTORS. THE NUMBER OF DIRECTORS CONSTITUTING THE ENTIRE BOARD OF DIRECTORS SHALL BE FIFTEEN (15), COMPRISED OF THE FOLLOWING: THE PRESIDENT OF MONMOUTH, APPOINTED EX OFFICIO; SEVEN (7) MEMBERS NOMINATED BY THE MEMBER'S BOARD OF TRUSTEES (THE "MEMBER" NOMINEES"); FOUR (4) MEMBERS NOMINATED BY BRUCE SPRINGSTEEN ("SPRINGSTEEN") OR HIS DESIGNEE (THE "SPRINGSTEEN NOMINEES") AND THREE (3) MEMBERS NOMINATED BY A MAJORITY OF THE EX OFFICIO DIRECTORS, THE MEMBER NOMINEES AND THE SPRINGSTEEN NOMINEES (THE "OUTSIDE NOMINEES"). THE EXECUTIVE DIRECTOR OF THE CENTER SHALL BE AN EX OFFICIO, NONVOTING MEMBER OF THE BOARD. DIRECTORS OTHER THAN THOSE WHO ARE APPOINTED EX OFFICIO SHALL SERVE STAGGERED TERMS. UP TO FIVE OF THOSE DIRECTORS APPOINTED IN THE FIRST YEAR (ONLY ONE OF WHICH MAY BE A SPRINGSTEEN NOMINEE) SHALL BE APPOINTED TO A TERM OF ONE YEAR. AS USED IN THIS ARTICLE, "ENTIRE BOARD OF DIRECTORS" MEANS THE TOTAL NUMBER OF DIRECTORS ENTITLED TO VOTE WHICH THE CENTER WOULD HAVE IF THERE WERE NO VACANCIES. AT EACH OF ITS ANNUAL MEETINGS IN JUNE, THE MEMBER SHALL APPROVE THE SLATE OF NOMINEES PROVIDED UNDER SECTION 3.02(A), WHICH DIRECTORS SHALL HOLD OFFICE FOR TWO YEAR TERMS WHICH ARE RENEWABLE. EX OFFICIO DIRECTORS SERVE BY VIRTUE OF THEIR OFFICE WITHOUT THE NEED FOR SEPARATE ELECTION. IF ANY OF THE SPRINGSTEEN OR OUTSIDE NOMINEES SHALL BE REJECTED BY THE MEMBER, A NEW NOMINEE(S) SHALL BE SOUGHT FROM THE PARTY MAKING THE REJECTED NOMINATION. EACH DIRECTOR SHALL HAVE ONE VOTE. DIRECTORS SHALL NOT VOTE BY PROXY. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT OF FORM 990 IS SENT VIA EMAIL TO ALL DIRECTORS AND OFFICERS FOR REVIEW AND COMMENT. ALL DIRECTORS AND OFFICERS RECEIVE AN EMAILED COPY OF THE FINAL VERSION OF FORM 990 PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CENTER HAS A PROVISION IN ITS BYLAWS WHICH DEALS WITH CONFLICTS OF INTEREST. DIRECTORS AND OFFICERS COMPLETE AN ANNUAL DISCLOSURE STATEMENT SETTING FORTH THEIR BUSINESS AND OTHER INTERESTS. A DIRECTOR OR OFFICER WHO LEARNS ABOUT A POTENTIAL CONFLICT OF INTEREST SHOULD DISCLOSE PROMPTLY TO THE SECRETARY OF THE CENTER. THE BOARD SHALL REVIEW THE MATERIAL FACTS SURROUNDING ANY POTENTIAL CONFLICTS AND APPROVE ONLY THOSE CONTRACTS AND TRANSACTIONS IN WHICH THE TERMS ARE IN THE BEST INTERESTS OF THE CENTER AND ON A FAIR MARKET VALUE BASIS. THE BOARD SHALL SET FORTH THE BASIS FOR ITS DECISION WITH RESPECT TO APPROVAL OF CONTRACTS OR TRANSACTIONS INVOLVING CONFLICTS OF INTEREST IN THE MINUTES OF THE MEETING AT WHICH THE DECISION IS MADE. A DETAILED CONFLICT OF INTEREST POLICY WAS ADOPTED BY THE BOARD AT ITS SEPTEMBER 2019 MEETING. FORM 990, PART VI, SECTION B, LINE 15A THE CENTER DOES NOT HAVE ITS OWN EMPLOYEES OR ITS OWN PAYROLL. ALL EMPLOYEES PROVIDING SERVICES TO SPRINGSTEEN CENTER RECEIVE THEIR W-2S FROM A RELATED ORGANIZATION, MONMOUTH UNIVERSITY ("THE UNIVERSITY"). NO DIRECTORS OR OFFICERS RECEIVE A DIRECT SALARY FROM THE CENTER. THE PROCESS FOR DETERMINING COMPENSATION FOR THE EXECUTIVE DIRECTOR OF THE CENTER, ROBERT SANTELLI AND PRESIDENT OF THE UNIVERSITY, PATRICK F. LEAHY, IS SET FORTH IN THE UNIVERSITY'S EXECUTIVE COMPENSATION POLICY AND THE MONMOUTH UNIVERSITY COMPENSATION COMMITTEE DOCUMENT ENTITLED "RESPONSIBILITIES OF THE COMMITTEE AND MEMBERS OF THE COMMITTEE". PURSUANT TO THAT POLICY, THE UNIVERSITY BOARD'S COMPENSATION COMMITTEE (ALL OF WHOM ARE INDEPENDENT) AND THE VICE PRESIDENT AND GENERAL COUNSEL, REVIEW COMPARABLE COMPENSATION DATA PROVIDED BY AN INDEPENDENT OUTSIDE CONSULTANT AND MAKE COMPENSATION RECOMMENDATIONS TO THE FULL BOARD OF TRUSTEES AS TO THE COMPENSATION FOR THE PRESIDENT OF THE UNIVERSITY. MINUTES OF BOTH THE COMPENSATION COMMITTEE AND THE BOARD OF TRUSTEES MEETINGS CONCERNING SUCH ACTIONS ARE REVIEWED AND APPROVED BY BOTH BODIES. FORM 990, PART VI, SECTION C, LINE 19 THE CENTER CURRENTLY DOES NOT MAKE ITS GOVERNING DOCUMENTS, CONFLICTS OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. IRS FORM 990 IS AVAILABLE UPON REQUEST. FORM 990, PART VII: EXECUTIVE DIRECTOR, ROBERT SANTELLI AND DIRECTOR, EILEEN S. CHAPMAN, ARE BOTH EMPLOYEES OF MONMOUTH UNIVERSITY WHO ALSO PROVIDED SERVICES TO THE SPRINGSTEEN CENTER FOR WHICH THE CENTER REIMBURSED MONMOUTH UNIVERSITY. BOTH INDIVIDUALS RECEIVED A W-2 FROM MONMOUTH UNIVERSITY. THE PORTION OF THEIR SALARIES THAT IS CHARGED TO SPRINGSTEEN CENTER AND REIMBURSED BY THE CENTER IS BEING REPORTED ON FORM 990 PART VII, SECTION A, COLUMN (D) AND (F). FORM 990, PART IX, LINE 5 & 7: THE CENTER DOES NOT HAVE ITS OWN EMPLOYEES OR ITS OWN PAYROLL. ALL EMPLOYEES PROVIDING SERVICES TO THE ORGANIZATION RECEIVE THEIR W-2S FROM A RELATED ORGANIZATION, MONMOUTH UNIVERSITY INC. EXPENDITURES REPORTED ON PART IX, LINES 5 & 7 REPRESENT THE PORTION OF SALARY EXPENDITURES ALLOCATED TO THE CENTER. THE CENTER REIMBURSES MONMOUTH UNIVERSITY INC FOR EXPENSES PAID BY MONMOUTH BUT ALLOCATED TO THE CENTER. ANY REQUIRED REPORTING OF FORMS W-2 OR 1099 ARE HANDLED BY MONMOUTH AS THE PAYING AGENT FOR SUCH TRANSACTIONS. FORM 990, PART IX, LINE 11G EVENT PLANNING: FUNDRAISING EXPENSES 50,000. TOTAL EXPENSES 50,000. EVENT PRODUCTION SERVICES: FUNDRAISING EXPENSES 18,122. TOTAL EXPENSES 18,122. EVENT LIGHTING SERVICES: FUNDRAISING EXPENSES 8,105. TOTAL EXPENSES 8,105. EVENT MUSIC: FUNDRAISING EXPENSES 10,000. TOTAL EXPENSES 10,000. FILMING SERVICES: PROGRAM SERVICE EXPENSES 42,425. TOTAL EXPENSES 42,425. CATERING SERVICES: FUNDRAISING EXPENSES 88,813. TOTAL EXPENSES 88,813. OTHER SERVICES: PROGRAM SERVICE EXPENSES 13,315. MANAGEMENT AND GENERAL EXPENSES 334. FUNDRAISING EXPENSES 57,117. TOTAL EXPENSES 70,766. MONMOUTH UNIVERSITY INC 400 CEDAR AVENUE WEST LONG BRANCH NJ 07764 210634584 EDUCATION NJ 501(C)(3) LINE 2 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0