2025-11-16T08:19:26-06:00 2025-06-30 350921680 CROWE LLP 575 MARKET STREET SUITE 3300 SAN FRANCISCO CA 941055829 990 2024-07-01 510225353 VISIT NEWPORT BEACH INC VISI 9497196100 1600 NEWPORT CENTER DRIVE 120 NEWPORT BEACH CA 926600926 LILY PEARSON CFO 9497196100 2025-11-15 1 0 DIANE KIRMACI P01578407 4155761100 2025-11-15 2024 2025-03-06 01:10:19Z LILY PEARSON 1600 NEWPORT CENTER DRIVE NEWPORT BEACH CA 926600926 7785028 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 7 23 0 0 0 0 10382835 7691119 223839 93909 28400 0 10635074 7785028 0 0 0 0 1173886 0 0 0 0 9968274 6578721 11142160 6578721 -507086 1206307 3931844 7139307 237852 2239008 3693992 4900299 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 THE ORGANIZATION RECEIVES A TRANSIENT 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. 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 71 0 1 7 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 1.00 X 0 0 0 ANDRE BROSE DIRECTOR 1.00 1.00 X 0 0 0 CANDACE BISCONTE TREASURER 1.00 1.00 X X 0 0 0 ANTHONY HARTWELL DIRECTOR 1.00 1.00 X 0 0 0 CHARLENE REYNOLDS DIRECTOR 1.00 1.00 X 0 0 0 DEBBIE SNAVELY CHAIRPERSON 1.00 1.00 X X 0 0 0 KORY KRAMER DIRECTOR 1.00 1.00 X 0 0 0 ANTONELLA CASTRO DIRECTOR 1.00 1.00 X 0 0 0 LINDA M BEIMFOHR PAST CHAIR 1.00 1.00 X 0 0 0 CINDY RACCO DIRECTOR 1.00 1.00 X 0 0 0 MARIO MAROVIC DIRECTOR 1.00 1.00 X 0 0 0 MARKUS KOHN DIRECTOR 1.00 1.00 X 0 0 0 ANNIE PAINTING DIRECTOR 1.00 1.00 X 0 0 0 PHIL RAVENNA DIRECTOR 1.00 1.00 X 0 0 0 RUSH HILL DIRECTOR 1.00 1.00 X 0 0 0 GERARD WIDDER VICE CHAIRPERSON 1.00 1.00 X X 0 0 0 SHARON WOOD DIRECTOR 1.00 1.00 X 0 0 0 HENRY PYLE DIRECTOR 1.00 1.00 X 0 0 0 TONY PETROS DIRECTOR 1.00 1.00 X 0 0 0 HOMER BLUDAU SECRETARY 1.00 1.00 X X 0 0 0 DAVID HOFFMAN DIRECTOR 1.00 1.00 X 0 0 0 KEVIN KELLY DIRECTOR 1.00 1.00 X 0 0 0 WASIM KAZI DIRECTOR 1.00 1.00 X 0 0 0 GARY SHERWIN PRESIDENT/CEO 1.00 40.00 X 0 400024 88072 LILY PEARSON CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 235803 34205 MICHELLE DONAHUE SENIOR VP OF SALES 0.00 40.00 X 16088 228310 37925 AMANDA KLIEM DIRECTOR OF SALES 0.00 40.00 X 20529 154197 24781 JANE DRYDEN GROUP MARKETING & COMMUNICATIONS DIRECTOR 0.00 40.00 X 9296 121154 23718 ENRIQUE PAULO NATIONAL ACCOUNT DIRECTOR 0.00 40.00 X 16589 137401 24833 JENNIFER BRANNON NATIONAL ACCOUNT DIRECTOR 0.00 40.00 X 15483 119702 21230 77985 1396591 254764 0 0 1 0 0 TRANSIENT OCCUPANCY TA 541610 7691119 7691119 7691119 93909 93909 7785028 7691119 0 93909 6578721 6578721 1217431 1354562 2222415 3674081 1185 2409 22645 54280 387669 183712 195371 123249 2626 72122 77873 1798141 3931844 7139307 237852 819975 0 1419033 237852 2239008 X 3693992 4900299 3693992 4900299 3931844 7139307 1206307 0 X 0 1 X 1 0 40807 18795 22012 154564 104454 50110 72122 WEBSITE DEVELOPMENT COSTS 58976 DEPOSITS 9619 OPERATING SUBLEASE RIGHT-OF-USE ASSETS 1655822 DEFERRED SUBLEASE INCOME 73724 1798141 SUBLEASE OBLIGATIONS 1419033 1419033 X 7785028 0 7785028 0 7785028 6578721 0 6578721 0 6578721 PART X, LINE 2: THE ORGANIZATION QUALIFIES AS A TAX-EXEMPT ORGANIZATION FOR FEDERAL INCOME TAXES UNDER SECTION 501(C)(6) OF THE UNITED STATES INTERNAL REVENUE CODE AND FOR CALIFORNIA STATE INCOME TAXES UNDER SECTION 23701(D) OF THE CALIFORNIA REVENUE AND TAXATION CODE; THEREFORE, THE ORGANIZATION HAS NO PROVISION FOR FEDERAL OR STATE INCOME TAXES. DURING THE YEARS ENDED JUNE 30, 2025 AND 2024, THE ORGANIZATION HAD NO UNRELATED BUSINESS INCOME. 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, 2025 AND 2024, 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 2021. X 0 0 X X X X 0 0 0 GARY SHERWIN PRESIDENT/CEO 0 313983 0 86041 0 0 0 47868 0 40204 0 488096 0 0 MICHELLE DONAHUE SENIOR VP OF SALES 16088 187780 0 40530 0 0 1287 17251 1288 18099 18663 263660 0 0 LILY PEARSON CHIEF FINANCIAL OFFICER 0 201426 0 34377 0 0 0 16868 0 17337 0 270008 0 0 AMANDA KLIEM DIRECTOR OF SALES 9819 118649 10710 35548 0 0 1107 10838 989 11847 22625 176882 0 0 ENRIQUE PAULO NATIONAL ACCOUNT DIRECTOR 8453 99754 8136 37647 0 0 920 11077 989 11847 18498 160325 0 0 JENNIFER BRANNON NATIONAL ACCOUNT DIRECTOR 6820 81868 8663 37834 0 0 955 10279 773 9223 17211 139204 0 0 JANE DRYDEN GROUP MARKETING & COMMUNICATIONS DIR 9296 109199 0 11955 0 0 744 9919 1022 12033 11062 143106 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDES ANNUAL REIMBURSEMENT OF UP TO $750 FOR ALL EMPLOYEES RELATED TO HEALTH CLUB DUES 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. 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 1 1 0 0 1 1