2024-11-15T19:06:33-06:00 2024-06-30 350921680 CROWE LLP 650 TOWN CENTER DRIVE SUITE 740 COSTA MESA CA 926267192 990 2023-07-01 461758405 NEWPORT BEACH & COMPANY NEWP 9497196100 1600 NEWPORT CENTER DRIVE 120 NEWPORT BEACH CA 92660 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 DR SUITE 120 NEWPORT BEACH CA 92660 2208219 0 X WWW.NEWPORTBEACHANDCO.COM X 2012 CA THE CORPORATION'S ACTIVITIES ARE TO PROMOTE AND MARKET THE COMMON BUSINESS INTERESTS OF BUSINESS ENTITIES IN THE CITY OF NEWPORT BEACH; TO SERVE AS AN ASSOCIATION FOR NEWPORT BEACH BUSINESS ENTITIES; AND TO IMPROVE BUSINESS CONDITIONS THROUGH ENHANCING THE ECONOMIC FABRIC OF THE CITY OF NEWPORT BEACH AND PROMOTING ECONOMIC DEVELOPMENT WITH THE CITY OF NEWPORT BEACH RELATED ENTITIES WITHIN ORANGE COUNTY. 23 23 15 0 0 0 0 0 2313980 2208219 0 0 0 0 2313980 2208219 0 0 0 0 1585763 1326496 0 0 0 693540 870869 2279303 2197365 34677 10854 2894926 2683559 2819105 2596884 75821 86675 X NEWPORT BEACH & COMPANY IS A CREATIVE AND FOCUSED COMMUNITY-MARKETING AGENCY THAT IS SINGULARLY COMMITTED TO TELLING THE INTEGRATED NEWPORT BEACH BRAND STORY. BY EMBRACING A VARIETY OF NEIGHBORHOODS, BUSINESSES AND INDIVIDUAL UNIQUE VOICES INTO A COMPLEMENTARY STORY, NEWPORT BEACH & COMPANY STRENGTHENS ALL OF ITS PARTNERS, DRIVES NEW REVENUE TO THE CITY AND ENHANCES ITS OVERALL VIBRANCY. 0 0 2197365 2208219 THE ORGANIZATION SPECIALIZES IN MARKETING AND PROMOTION SERVICESRELATED TO ENHANCING THE ECONOMIC DEVELOPMENT FOR THE CITY OF NEWPORTBEACH (THE CITY). THE ORGANIZATION PROVIDES SUCH SERVICES TO VISITNEWPORT BEACH AND ALSO HAS AGREEMENTS WITH THE CITY TO MANAGE ITSPUBLIC ACCESS TELEVISION CHANNEL AND TO PROVIDE SERVICES TO THE NEWPORTBEACH RESTAURANT ASSOCIATION BUSINESS IMPROVEMENT DISTRICT AND THEBALBOA VILLAGE MERCHANTS ASSOCIATION. BY EMBRACING A VARIETY OFNEIGHBORHOODS, BUSINESSES AND INDIVIDUAL UNIQUE VOICES INTO ACOMPLEMENTARY STORY, THE ORGANIZATION SEEKS TO STRENGTHEN ALL OF ITSPARTNERS, DRIVE NEW REVENUE TO THE CITY AND ENHANCE THE CITY'S OVERALLECONOMIC VIBRANCY. 2197365 0 0 0 0 0 0 0 0 0 1 0 0 0 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 15 0 1 15 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 X 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 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 CINDY RACCO DIRECTOR 1.00 X 0 0 0 GERARD WIDDER VICE CHAIRPERSON 1.00 X X 0 0 0 GREGG 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-IMAN EX-OFFICIO MEMBER 1.00 X 0 0 0 JON LEWIS DIRECTOR 1.00 X 0 0 0 LINDA M BEIMFOHR SECRETARY 1.00 X 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 AMY DEIFT DIRECTOR 1.00 X 0 0 0 ASHLEY JOHNSON CHIEF MARKETING OFFICER 40.00 X 220375 0 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 ERIN ROSE SENIOR BRAND DIRECTOR 40.00 X 107377 0 15566 612909 285156 150804 3 0 1 0 0 MARKETING CONTRACTS 541800 2208219 2208219 2208219 2208219 2208219 0 0 606521 412030 248601 59344 117237 13233 29595 35181 3982 OFFICE LEASE 439805 MEETING & EDUCATION 63100 EQUIPMENT 59663 PROFESSIONAL FEES 40204 68869 2197365 47669 238034 211196 164715 80238 99785 255568 157815 131873 97753 2423950 2083272 2894926 2683559 13535 14188 2805570 2582696 2819105 2596884 X 75821 86675 75821 86675 2894926 2683559 10854 0 X X 0 1 X 1 0 37289 14127 23162 218279 143688 74591 97753 OTHER ASSETS 25000 OPERATING LEASE RIGHT-OF-USE ASSETS 1999694 DEFERED SUBLEASE INCOME 58578 2083272 PAYROLL LIABILITIES 182671 ACCRUED EXPENSES 258176 DEFERRED COMPENSATION 25000 OPERATING LEASE LIABILITIES 2116849 2582696 X 2208219 0 2208219 0 2208219 2197365 0 2197365 0 2197365 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 INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2020. X 1 1 X X X X 0 0 0 GARY SHERWIN PRESIDENT/CEO 189751 189751 0 0 0 0 30527 5526 23565 23565 243843 218842 0 0 ASHLEY JOHNSON CHIEF MARKETING OFFICER 220375 0 0 0 0 0 9269 0 13703 0 243347 0 0 0 LILY PEARSON CHIEF FINANCIAL OFFICER 95406 95405 0 0 0 0 4315 4315 10227 10226 109948 109946 0 0 PART I, LINE 3 THE BOARD CHAIRPERSON APPROVES ALL CEO MONTHLY EXPENSES AND COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE. SCHEDULE J, PART I, LINE 1A THE ORGANIZATION PROVIDES ANNUAL REIMBURSEMENT OF UP TO $500 FOR ALL EMPLOYEES RELATED TO HEALTH CLUB DUES. FORM 990, PART VI, SECTION B, LINE 11B TAX RETURN PROVIDED TO CHIEF FINANCIAL OFFICER FOR REVIEW AND IT IS SUBSEQUENTLY APPROVED AT BOARD MEETING BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C AS AN EMPLOYEE OF NEWPORT BEACH & COMPANY, 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 NEWPORT BEACH & COMPANY 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 NEWPORT BEACH & COMPANY'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 NEWPORT BEACH & COMPANY 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 RELATIONSHIPS 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 NEWPORT BEACH & COMPANY, 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, BYLAWS, AND DETERMINATION LETTER. THE FORM 990 IS ALSO AVAILABLE ON GUIDESTAR.COM. FORM 990, PART VII COMPENSATION FOR GARY SHERWIN AND LILY PEARSON IS PAID BY NEWPORT BEACH & COMPANY AND RELATED ENTITIES. DETAILS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C: NO CHANGES IN THE ORGANIZATION'S PROCESSES FOR OVERSIGHT OF THE AUDIT OR SELECTION OF INDEPENDENT ACCOUNTANTS DURING THE YEAR ENDED JUNE 30, 2024. 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) 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 1 0 0 0 0 0 0 0 VISIT NEWPORT BEACH INC L 2108640 REVENUES RECOGNIZED MEETINGS ASSESSMENT PARTNERSHIP L 271695 REVENUES RECOGNIZED