2025-11-16T08:19:11-06:00 2025-06-30 350921680 CROWE LLP 575 MARKET STREET SUITE 3300 SAN FRANCISCO CA 941055829 990 2024-07-01 461758405 NEWPORT BEACH & COMPANY NEWP 9497196100 1600 NEWPORT CENTER DRIVE 120 NEWPORT BEACH CA 92660 LILY PEARSON CFO 9497196100 2025-11-15 1 0 DIANE KIRMACI P01578407 4155761100 2025-11-15 2024 2025-03-06 01:10:19Z X LILY PEARSON 1600 NEWPORT CENTER DR SUITE 120 NEWPORT BEACH CA 92660 2446596 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. X 23 23 17 27 0 0 0 0 2208219 2261593 0 0 0 185003 2208219 2446596 0 0 0 0 1326496 1727462 0 0 0 870869 805809 2197365 2533271 10854 -86675 2683559 0 2596884 0 86675 0 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 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. 0 0 0 0 0 0 0 0 0 0 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 1 0 0 1 0 0 1 13 0 1 17 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 1.00 X 0 0 0 ANNIE PAINTING DIRECTOR 1.00 1.00 X 0 0 0 ANTHONY HARTWELL DIRECTOR 1.00 1.00 X 0 0 0 ANTONELLA CASTRO DIRECTOR 1.00 1.00 X 0 0 0 CANDACE BISCONTE TREASURER 1.00 1.00 X X 0 0 0 CHARLENE REYNOLDS DIRECTOR 1.00 1.00 X 0 0 0 DAVID HOFFMAN DIRECTOR 1.00 1.00 X 0 0 0 DEBBIE SNAVELY CHAIRPERSON 1.00 1.00 X X 0 0 0 CINDY RACCO DIRECTOR 1.00 1.00 X 0 0 0 GERARD WIDDER VICE CHAIRPERSON 1.00 1.00 X X 0 0 0 HENRY PYLE DIRECTOR 1.00 1.00 X 0 0 0 HOMER BLUDAU SECRETARY 1.00 1.00 X X 0 0 0 LINDA M BEIMFOHR PAST CHAIRPERSON 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 PHIL RAVENNA DIRECTOR 1.00 1.00 X 0 0 0 RUSH HILL DIRECTOR 1.00 1.00 X 0 0 0 SHARON WOOD DIRECTOR 1.00 1.00 X 0 0 0 TONY PETROS DIRECTOR 1.00 1.00 X 0 0 0 WASIM KAZI DIRECTOR 1.00 1.00 X 0 0 0 AMY DEIFT DIRECTOR 1.00 1.00 X 0 0 0 KORY KRAMER DIRECTOR 1.00 1.00 X 0 0 0 KEVIN KELLY DIRECTOR 1.00 1.00 X 0 0 0 ASHLEY JOHNSON CHIEF MARKETING OFFICER 40.00 X 233625 0 25516 GARY SHERWIN PRESIDENT/CEO 20.00 21.00 X 200013 200013 88072 LILY PEARSON CHIEF FINANCIAL OFFICER 20.00 21.00 X 117902 117902 34204 ERIN ROSE SENIOR BRAND DIRECTOR 40.00 X 113691 0 18513 LAURO GARCIA ACCOUNTING MANAGER 20.00 20.00 X 53545 53545 17024 718776 371460 183329 4 0 1 0 0 MARKETING CONTRACTS 541800 2261593 2261593 2261593 185003 0 185003 185003 185003 2446596 2261593 0 185003 710201 725935 34118 165856 91352 28495 61308 9620 17163 385908 19094 34569 44993 14806 MEMBERSHIP DUES & SUBSC 87577 EQUIPMENT 70998 REPAIRS & MAINTENANCE 31228 BUSINESS LICENSING FEES 50 2533271 238034 0 0 0 164715 0 0 0 0 0 99785 0 0 0 97753 0 0 0 0 0 2083272 0 2683559 0 14188 0 2582696 0 2596884 0 X 86675 0 86675 0 2683559 0 -86675 0 X 0 1 X 1 0 0 X 2446596 0 2446596 0 2446596 2533271 0 2533271 0 2533271 PART X, LINE 2: THE ORGANIZATION QUALIFIED 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 HAD 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 EVALUATED TAX POSITIONS AS PART OF THE PREPARATION OF ITS EXEMPT TAX RETURN. THIS PROCESS INCLUDED 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 WERE APPROPRIATE BASED ON CURRENT FACTS AND CIRCUMSTANCES. THE ORGANIZATION'S POLICY WAS 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 INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2021. X 1 1 X X X X 0 0 0 GARY SHERWIN PRESIDENT/CEO 156992 156992 43021 43021 0 0 36434 11434 20102 20102 256549 231549 0 0 LILY PEARSON CHIEF FINANCIAL OFFICER 100713 100713 17189 17189 0 0 8434 8434 8668 8668 135004 135004 0 0 ASHLEY JOHNSON CHIEF MARKETING OFFICER 233625 0 0 0 0 0 16933 0 8583 0 259141 0 0 0 PART I, LINE 1A THE ORGANIZATION PROVIDES ANNUAL REIMBURSEMENT OF UP TO $750 FOR ALL EMPLOYEES RELATED TO HEALTH CLUB DUES. PART I, LINE 1B THE BOARD CHAIRPERSON APPROVES ALL CEO MONTHLY EXPENSES AND COMPENSATION IS APPROVED BY THE COMPENSATION COMMITTEE. CASH AND CASH EQUIVALENTS 2025-06-30 23512 BOOK VALUE 510225353 VISIT NEWPORT BEACH INC 1600 NEWPORT CENTER DRIVE SUITE 120 NEWPORT BEACH CA 92660 501(C)(3) DEPOSITS AND OTHER ASSETS 2025-06-30 25000 BOOK VALUE 510225353 VISIT NEWPORT BEACH INC 1600 NEWPORT CENTER DRIVE SUITE 120 NEWPORT BEACH CA 92660 501(C)(3) WEBSITE DEVELOPMENT COSTS, NET 2025-06-30 58976 BOOK VALUE 510225353 VISIT NEWPORT BEACH INC 1600 NEWPORT CENTER DRIVE SUITE 120 NEWPORT BEACH CA 92660 501(C)(3) OPERATING LEASE OF RIGHT-OF-USE ASSETS, NET 2025-06-30 1655822 BOOK VALUE 510225353 VISIT NEWPORT BEACH INC 1600 NEWPORT CENTER DRIVE SUITE 120 NEWPORT BEACH CA 92660 501(C)(3) DEFERRED SUBLEASE INCOME 2025-06-30 73724 BOOK VALUE 510225353 VISIT NEWPORT BEACH INC 1600 NEWPORT CENTER DRIVE SUITE 120 NEWPORT BEACH CA 92660 501(C)(3) PROPERTY AND EQUIPMENT, NET 2025-06-30 72122 BOOK VALUE 510225353 VISIT NEWPORT BEACH INC 1600 NEWPORT CENTER DRIVE SUITE 120 NEWPORT BEACH CA 92660 501(C)(3) 0 0 0 0 1 1 1 1 0 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. 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 1 1 0 0 1 0 VISIT NEWPORT BEACH INC L 2117563 REVENUES RECOGNIZED MEETINGS ASSESSMENT PARTNERSHIP L 108000 REVENUES RECOGNIZED