2025-06-03T11:44:16-05:00 2024-06-30 350921680 CROWE LLP 650 TOWN CENTER DRIVE SUITE 740 COSTA MESA CA 926267192 990 2023-12-11 990692129 MEETINGS ASSESSMENT PARTNERSHIP MEET 9497196100 1600 NEWPORT CENTER DRIVE STE 120 NEWPORT BEACH CA 92660 LILY PEARSON CFO 9497196100 2024-11-15 1 1 JIM NAGENGAST P00481816 7146681234 2025-06-03 2023 2025-03-06 01:10:19Z X LILY PEARSON 1600 NEWPORT CENTER DRIVE NEWPORT BEACH CA 926600926 2784180 0 X N/A X 2024 CA MEETINGS ASSESSMENT PARTNERSHIP IS A NON-PROFIT ORGANIZATION TO IMPROVE BUSINESS CONDITIONS AND THE BUSINESS ENVIRONMENT FOR TOURISM IN THE CITY OF NEWPORT BEACH THROUGH THE PROVISION OF MARKETING, SALES, AND SPECIAL EVENTS PROGRAMS, ALONG WITH VARIOUS OTHER INITIATIVES. 7 7 0 0 0 0 0 2748386 35794 0 2784180 0 0 808212 0 0 2270691 3078903 -294723 4605743 1601446 3004297 X THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO IMPROVE BUSINESS CONDITIONS AND THE BUSINESS ENVIRONMENT FOR TOURISM IN THE CITY OF NEWPORT BEACH THROUGH THE PROVISION OF MARKETING, SALES, AND SPECIAL EVENTS PROGRAMS, ALONG WITH VARIOUS OTHER INITIATIVES DIRECTLY RELATED TO PROMOTING TOURISM AND ITS ASSOCIATED ACTIVITIES. 0 0 3078903 2748386 THE ORGANIZATION REPRESENTS SEVEN HOTELS WITHIN THE CITY OF NEWPORT BEACH WHICH COLLECT A 3.0% OR 5.0% ASSESSMENT OF GROSS ROOM RENTAL REVENUES. 3078903 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 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 ANDRE BROSE VICE-CHAIRPERSON 1.00 X 0 0 0 CINDY RACCO DIRECTOR 1.00 X 0 0 0 DEBBIE SNAVELY CHAIRPERSON 1.00 X 0 0 0 MARKUS KOHN DIRECTOR 1.00 X 0 0 0 ANNIE PAINTING DIRECTOR 1.00 X 0 0 0 PHIL RAVENNA SECRETARY/TREASURER 1.00 X 0 0 0 DAVID HOFFMAN DIRECTOR 1.00 X 0 0 0 MICHELLE DONAHUE CHIEF SALES OFFICER 40.00 X 0 0 0 GARY SHERWIN PRESIDENT/CEO 20.00 20.00 X 0 0 0 LILY PEARSON CHIEF FINANCIAL OFFICER 20.00 20.00 X 0 0 0 0 0 0 0 0 0 0 0 SERVICE FEE REVENUES 541610 2748386 2748386 2748386 35794 35794 2784180 2748386 0 35794 285661 342760 130802 48989 91201 1954399 3504 91469 7221 15037 6668 MEETING & EDUCATION 43256 POSTAGE & SHIPPING 26405 EQUIPMENT 18428 REPAIRS & MAINTENANCE 13103 3078903 0 1436321 0 1503686 0 4651 0 521012 117504 15037 0 102467 0 1037606 0 4605743 0 370283 0 1231163 0 1601446 X 0 3004297 0 3004297 0 4605743 X -294723 3299020 X X 0 1 X 1 0 25000 6513 18487 92504 8524 83980 102467 OPERATING SUBLEASE RIGHT-OF-USE ASSETS 999847 WEBSITE DEVELOPMENT COSTS 37759 1037606 GROUP BOOKING INCENTIVE RESERVE 172739 SUBLEASE OBLIGATIONS 1058424 1231163 X 2784180 0 2784180 0 2784180 3078903 0 3078903 0 3078903 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, THE ORGANIZATION DID NOT HAVE ANY UNRECOGNIZED TAX BENEFITS. 1 X X X X 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 MEETINGS ASSESSMENT PARTNERSHIP, 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 MEETINGS ASSESSMENT PARTNERSHIPS 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 MEETINGS ASSESSMENT PARTNERSHIP'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 MEETINGS ASSESSMENT PARTNERSHIP 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 MEETINGS ASSESSMENT PARTNERSHIP, 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: CONTRIBUTION FROM VISIT NEWPORT BEACH 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) N/A 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 N/A 0 VISIT NEWPORT BEACH INC 1600 NEWPORT CENTER DRIVE SUITE 120 NEWPORT BEACH CA 92660 510225353 NEWPORT BEACH VISITOR AND CONVENTION SERVICES CA 501(C)(6) N/A 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 NEWPORT BEACH & COMPANY M 271695 EXPENSES INCURRED