2024-11-15T19:06:11-06:00 2024-06-30 350921680 CROWE LLP 650 TOWN CENTER DRIVE SUITE 740 COSTA MESA CA 926267192 990 2023-07-01 510225353 VISIT NEWPORT BEACH INC VISI 9497196100 1600 NEWPORT CENTER DRIVE 120 NEWPORT BEACH CA 926600926 LILY PEARSON CFO 9497196100 2024-11-15 1 0 JIM NAGENGAST P00481816 7146681234 2024-11-15 2023 2024-10-15 13:58:12Z LILY PEARSON 1600 NEWPORT CENTER DRIVE NEWPORT BEACH CA 926600926 10635074 0 X WWW.VISITNEWPORTBEACH.COM X 1975 CA VISIT NEWPORT BEACH INC. IS A NONPROFIT 501(C)(6) MARKETING ORGANIZATION UNDER CONTRACT WITH THE CITY OF NEWPORT BEACH TO MARKET AND PROMOTE THE NEWPORT BEACH BRAND AND TO PROMOTE TOURISM IN, AND SERVE THE NEEDS OF, VISITORS TO NEWPORT BEACH. 23 23 8 0 0 0 0 0 11240912 10382835 125907 223839 44000 28400 11410819 10635074 0 0 0 0 1618690 1173886 0 0 0 9314027 9968274 10932717 11142160 478102 -507086 9937582 3931844 1769809 237852 8167773 3693992 X AS THE CITY OF NEWPORT BEACH'S OFFICIAL DESTINATION MARKETING ORGANIZATION, THE MISSION OF VISIT NEWPORT BEACH, INC. IS TO PARTNER WITH THE TOURISM AND HOSPITALITY INDUSTRY BY PROTECTING AND NURTURING THE DESTINATION BRAND AND TO DELIVER ADDITIONAL SPENDING BY LEISURE AND CONFERENCE VISITORS, LEADING TO ENHANCED COMMUNITY ECONOMIC VITALITY AND QUALITY OF LIFE. 0 0 7549927 6826001 THE ORGANIZATION RECEIVES A TRANSIT OCCUPANCY TAX (TOT) FROM THE CITY OF NEWPORT BEACH, AND IS RESPONSIBLE TO DEVELOP, PLAN, CARRY OUT AND SUPERVISE A PROGRAM TO MARKET AND PROMOTE THE NEWPORT BEACH BRAND AND TO PROMOTE TOURISM IN, AND SERVE THE NEEDS OF, VISITORS TO THE CITY OF NEWPORT BEACH, AS WELL AS INCREASE THE AMOUNT OF TOT COLLECTED THROUGH ITS PROMOTIONAL ACTIVITIES. 3592232 3556834 THE ORGANIZATION ADMINISTERS THE CITY OF NEWPORT BEACH TOURISM BUSINESS IMPROVEMENT DISTRICT (TBID), WHICH WAS ESTABLISHED ON APRIL 28, 2009. TBID IS FUNDED BY CERTAIN LODGING BUSINESSES THROUGH AN ASSESSMENT ON SHORT-TERM ROOM RENTAL REVENUE. THE ORGANIZATION PROVIDES MARKETING AND DIRECT SALES PROGRAMS TO INCREASE OVERNIGHT TOURISM, AND MARKET THE ASSESSED BUSINESSES AS TOURIST, MEETING AND EVENT DESTINATIONS, THEREBY INCREASING ROOM NIGHT SALES. 11142159 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 70 0 1 8 1 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 CA X LILY PEARSON 9494672746 1600 NEWPORT CENTER DR SUITE 120 NEWPORT BEACH CA 926600926 AMY DEIFT DIRECTOR 1.00 X 0 0 0 ANDRE BROSE DIRECTOR 1.00 X 0 0 0 ANNIE PAINTING DIRECTOR 1.00 X 0 0 0 ANTHONY HARTWELL DIRECTOR 1.00 X 0 0 0 ANTONELLA CASTRO DIRECTOR 1.00 X 0 0 0 CANDACE BISCONTE TREASURER 1.00 X X 0 0 0 CHARLENE REYNOLDS EX-OFFICIO MEMBER 1.00 X 0 0 0 CINDY RACCO DIRECTOR 1.00 X 0 0 0 DAVID BEEK DIRECTOR 1.00 X 0 0 0 DAVID HOFFMAN DIRECTOR 1.00 X 0 0 0 DEBBIE SNAVELY CHAIRPERSON 1.00 X X 0 0 0 GERARD WIDDER VICE CHAIRPERSON 1.00 X X 0 0 0 GREG SCHWENK EX-OFFICIO MEMBER 1.00 X 0 0 0 HENRY PYLE DIRECTOR 1.00 X 0 0 0 HOMER BLUDAU DIRECTOR 1.00 X 0 0 0 JASON AL-IMAM EX-OFFICIO MEMBER 1.00 X 0 0 0 JON LEWIS DIRECTOR 1.00 X 0 0 0 LINDA BEIMFOHR SECRETARY 1.00 X X 0 0 0 MARINA DUTTON DIRECTOR 1.00 X 0 0 0 MARIO MAROVIC DIRECTOR 1.00 X 0 0 0 MARKUS KOHN DIRECTOR 1.00 X 0 0 0 PHIL RAVENNA DIRECTOR 1.00 X 0 0 0 RUSH HILL DIRECTOR 1.00 X 0 0 0 SHARON WOOD DIRECTOR 1.00 X 0 0 0 STEVE ROSANSKY DIRECTOR 1.00 X 0 0 0 TANYA THOMAS DIRECTOR 1.00 X 0 0 0 TONY PETROS DIRECTOR 1.00 X 0 0 0 WASIM KAZI DIRECTOR 1.00 X 0 0 0 ASHLEY JOHNSON CHIEF MARKETING OFFICER 40.00 X 0 220375 22972 GARY SHERWIN PRESIDENT/CEO 20.00 20.00 X 189751 189751 83183 LILY PEARSON CHIEF FINANCIAL OFFICER 20.00 20.00 X 95406 95405 29083 MICHELLE DONAHUE CHIEF SALES OFFICER 40.00 X 239681 0 32748 AMANDA KLIEM DIRECTOR OF SALES 40.00 X 149271 0 22308 ENRIQUE PAULO NATIONAL ACCOUNT DIRECTOR 40.00 X 134355 0 20936 JANE DRYDEN GROUP MARKETING DIRECTOR 40.00 X 126564 0 21706 JENNIFER BRANNON NATIONAL ACCOUNT DIRECTOR 40.00 X 104830 0 17302 MICHELLE DEVINE NATIONAL ACCOUNT DIRECTOR 40.00 X 141282 0 21529 1181140 505531 271767 7 0 1 0 0 TRANSIENT OCCUPANCY TAX (TOT) 541610 6826001 6826001 TOURISM BUSINESS IMPROVEMENT DIST 541610 3556834 3556834 10382835 223839 223839 OTHER INCOME 541610 28400 28400 28400 10635074 10382835 0 252239 357416 550915 197993 67562 82477 9552691 6633 128095 18522 24185 2518 POSTAGE & SHIPPING 85008 EQUIPMENT 53794 MEETING & EDUCATION 12156 REPAIRS & MAINTENANCE 2195 11142160 2601955 1217431 5313443 2222415 48279 1185 0 22645 601564 387669 35514 32888 143258 2626 1229083 77873 9937582 3931844 420975 237852 1348834 0 1769809 237852 X 8167773 3693992 8167773 3693992 9937582 3931844 X -507086 -3966696 X X 0 1 X 1 0 35514 32888 2626 2626 X 10635074 0 10635074 0 10635074 11142159 0 11142159 0 11142159 PART X, LINE 2: THE ORGANIZATION ANNUALLY EVALUATES TAX POSITIONS AS PART OF THE PREPARATION OF ITS EXEMPT TAX RETURN. THIS PROCESS INCLUDES AN ANALYSIS OF WHETHER TAX POSITIONS THE ORGANIZATION TAKES WITH REGARD TO A PARTICULAR ITEM OF INCOME OR DEDUCTION WOULD MEET THE DEFINITION OF AN UNCERTAIN TAX POSITION UNDER CURRENT ACCOUNTING GUIDANCE. THE ORGANIZATION BELIEVES ITS TAX POSITIONS ARE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. AT JUNE 30, 2024 AND 2023, THE ORGANIZATION DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS. THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL, STATE OR LOCAL INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. 1 X X X X 0 0 0 GARY SHERWIN PRESIDENT/CEO 189751 189751 0 0 0 0 5526 30527 23565 23565 218842 243843 0 0 MICHELLE DONAHUE CHIEF SALES OFFICER 239681 0 0 0 0 0 10191 0 22557 0 272429 0 0 0 ASHLEY JOHNSON CHIEF MARKETING OFFICER 0 220375 0 0 0 0 0 9269 0 13703 0 243347 0 0 LILY PEARSON CHIEF FINANCIAL OFFICER 95406 95405 0 0 0 0 4315 4315 10226 10227 109947 109947 0 0 AMANDA KLIEM DIRECTOR OF SALES 149271 0 0 0 0 0 6256 0 16052 0 171579 0 0 0 MICHELLE DEVINE NATIONAL ACCOUNT DIRECTOR 141282 0 0 0 0 0 6701 0 14828 0 162811 0 0 0 ENRIQUE PAULO NATIONAL ACCOUNT DIRECTOR 134355 0 0 0 0 0 5398 0 15538 0 155291 0 0 0 PART I, LINE 3 THE BOARD CHAIRPERSON APPROVES ALL CEO MONTHLY EXPENSES AND COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE 990 IS PROVIDED TO THE CHIEF FINANCIAL OFFICER FOR REVIEW AND IT IS SUBSEQUENTLY APPROVED AT A BOARD MEETING BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C "AS AN EMPLOYEE OF VISIT NEWPORT BEACH, INC., YOU ARE EXPECTED TO USE GOOD JUDGMENT TO AVOID ANY ACTIVITY, INVESTMENT, OR INTEREST THAT ACTUALLY OR POTENTIALLY CREATES A CONFLICT BETWEEN YOUR PERSONAL INTERESTS AND THE INTEREST OF VISIT NEWPORT BEACH, INC. OR ITS PARTNERS, INCLUDING ANY BEHAVIOR WHICH GIVES THE APPEARANCE OF TAKING MONEY, MERCHANDISE, OR SERVICES FROM A CUSTOMER OR VENDOR FOR PERSONAL GAIN. IF YOU ARE UNCERTAIN AS TO WHETHER A CERTAIN TRANSACTION, ACTIVITY OR RELATIONSHIP CONSTITUTES A CONFLICT OF INTEREST, YOU SHOULD DISCUSS THE MATTER WITH MANAGEMENT. IF YOU OR SOMEONE WITH WHOM YOU HAVE A CLOSE RELATIONSHIP (SUCH AS A FAMILY MEMBER OR CLOSE COMPANION) ENGAGES IN ANY ACTIVITY OR TRANSACTION WHICH MIGHT CAUSE A CONFLICT BETWEEN YOUR PERSONAL INTEREST AND VISIT NEWPORT BEACH INC'S INTEREST, INFORMATION ABOUT THAT POTENTIAL CONFLICT MUST BE DISCLOSED IN ADVANCE TO MANAGEMENT, AND ANY EXCEPTION TO THIS GUIDELINE MUST BE APPROVED BY THE PRESIDENT/CEO OF VISIT NEWPORT BEACH, INC. IN ADVANCE IN WRITING. FAILURE TO ADHERE TO THIS GUIDELINE, INCLUDING FAILURE TO DISCLOSE ANY CONFLICTS OR TO SEEK AN EXCEPTION, MAY RESULT IN DISCIPLINE, UP TO AND INCLUDING TERMINATION OF EMPLOYMENT." AS PART OF THIS POLICY, EACH YEAR TWO DISCLOSURES ARE PROVIDED TO THE BOARD OF DIRECTORS AND THE EXECUTIVE TEAM OF THE ORGANIZATION. THE ANNUAL DISCLOSURE REQUESTS INFORMATION REGARDING ANY FAMILY OR BUSINESS RELATIONSHPS AND ANY POSSIBLE COMPENSATION RECEIVED. THE OTHER DISCLOSURE CONFIRMS THE UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY AND PROVIDES SPACE FOR AN EXPLANATION. FORM 990, PART VI, SECTION B, LINE 15A A COMPENSATION COMMITTEE WAS FORMED BY 3 MEMBERS OF THE BOARD. MEMBERS OF THE COMPENSATION COMMITTEE CONTACTED OTHER BUREAUS, SIMILAR TO VISIT NEWPORT BEACH, INC., FOR CEO COMPENSATION INFORMATION. THE BUREAUS CONTACTED INCLUDED SANTA BARBARA, SAN DIEGO, AND PALM SPRINGS. THE PROPOSED COMPENSATION WAS THEN DETERMINED AND AGREED UPON BY THE COMPENSATION COMMITTEE AND PRESENTED TO THE EXECUTIVE COMMITTEE FOR FINAL APPROVAL. FORM 990, PART VI, SECTION C, LINE 19 THE FOLLOWING DOCUMENTS ARE AVAILABLE FOR REVIEW UPON REQUEST: FORM 990, FORM 1024, ARTICLES OF INCORPORATION, BY LAWS, AND DETERMINATION LETTER. FORM 990, PART XI, LINE 9: CASH PAID TO HOTELS NOT CONTINUING SERVICES UNDER MAP -667,676. CASH PAID TO MAP FOR TRANSFERRING HOTELS -3,299,020. FORM 990 LINE 2C THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. NEWPORT BEACH & COMPANY 1600 NEWPORT CENTER DRIVE SUITE 120 NEWPORT BEACH CA 92660 461758405 MARKET BUSINESSES, SERVE AS AN ASSOCIATION, IMPROVE THE BUSINESS ENVIRONMENT CA 501(C)(6) 0 NEWPORT BEACH FOUNDATION 1600 NEWPORT CENTER DRIVE SUITE 120 NEWPORT BEACH CA 92660 462413837 TO PROVIDE SCHOLARSHIPS, SUPPORT FOR CHARITY EVENTS, PROMOTE SOCIAL WELFARE. CA 501(C)(3) LINE 7 0 MEETINGS ASSESSMENT PARTNERSHIP 1600 NEWPORT CENTER DRIVE SUITE 120 NEWPORT BEACH CA 92660 990692129 TO IMPROVE BUSINESS CONDITIONS & ENVIRONMENT FOR TOURISM CA 501(C)(6) 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 NEWPORT BEACH & COMPANY M 2108640 EXPENSES INCURRED