Overview
What is Visit Newport Beach Inc?
Visit Newport Beach Inc is a nonprofit organization, specifically classified as a 501(C)(6) marketing organization, based in Newport Beach, California. Under contract with the city, their primary mission is to promote and market the city's brand, attracting tourists and serving their needs. They aim to boost tourism, leading to enhanced economic vitality and quality of life within the community. To achieve this, they develop and execute promotional plans, leveraging the Transit Occupancy Tax (TOT) they receive from the city to fund their activities. With a team of eight employees, Visit Newport Beach Inc acts as the city's official destination marketing organization, partnering with the tourism and hospitality industry to protect and nurture the destination's brand.
Official website here: www.visitnewportbeach.com
Is Visit Newport Beach Inc legitimate?
Visit Newport Beach Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Visit Newport Beach Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $357,416
Professional Fundraising Fees: $0
Other Salaries and Wages: $550,915
For more financial information, click here
Official website here: www.visitnewportbeach.com
What is the mission statement of Visit Newport Beach Inc?
Visit Newport Beach Inc, serving as a marketing organization under contract with an unspecified city, aims to promote the city's brand and enhance tourism. As the city's official destination marketing organization, Visit Newport Beach Inc's mission is to collaborate with the tourism and hospitality industry. Their primary goal is to protect and nurture the destination's brand while attracting additional spending from leisure and conference visitors. This increased spending is expected to contribute to the community's economic vitality and improve its overall quality of life.
Official website here: www.visitnewportbeach.com
Who is the CEO of Visit Newport Beach Inc?
Gary Sherwin is the CEO of Visit Newport Beach Inc The CEO's salary of Visit Newport Beach Inc is $189,751 and their total compensation is $462,685.
Official website here: www.visitnewportbeach.com
What is the revenue of Visit Newport Beach Inc?
Visit Newport Beach Inc's revenue in 2024 was $10,635,074.
Official website here: www.visitnewportbeach.com
Who are the executives of Visit Newport Beach Inc and what are their salaries?
The average compensation at Visit Newport Beach Inc during 2024 was $113,541. There are 8 employees at Visit Newport Beach Inc.
Here are 37 key members and their salaries (Visit Newport Beach Inc's CEO's salary is $189,751 and their total compensation is $462,685):
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- Related: $220,375
- Other: $22,972
- Compensation: $189,751
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- Compensation: $141,282
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- Other: $21,529
Official website here: www.visitnewportbeach.com
Where can I find the form 990 for Visit Newport Beach Inc?
Visit Newport Beach Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.visitnewportbeach.com
Learn more at the official website: www.visitnewportbeach.com
Mission Statement of Visit Newport Beach Inc
Visit Newport Beach Inc, as a 501(C)(6) nonprofit marketing organization, is contracted by the City of Newport Beach with a mission to promote and market the Newport Beach brand. This organization serves to enhance tourism in the area, catering to the needs of visitors. As the city's official destination marketing organization, Visit Newport Beach Inc partners with the tourism and hospitality industry to protect and nurture the destination's brand. Their goal is to attract additional spending by leisure and conference visitors, ultimately leading to improved community economic vitality and quality of life.
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Impact
October, 2024
Visit Newport Beach Inc plays a pivotal role in enhancing the economic vitality and community well-being of Newport Beach. By serving as the city's official destination marketing organization, it actively promotes the Newport Beach brand and boosts tourism in the area. This organization is tasked with developing and implementing programs aimed at attracting leisure and conference visitors, ultimately leading to increased revenue for local businesses.
Through its marketing initiatives, Visit Newport Beach Inc effectively raises awareness of the unique attractions and amenities the city has to offer, encouraging both domestic and international travelers to explore the destination. The organization's consistent efforts to enhance the visitor experience contribute to a thriving hospitality industry, which in turn generates revenue that benefits the community as a whole.
Additionally, the funding received from the transit occupancy tax (TOT) allows Visit Newport Beach Inc to continually refine its promotional strategies and campaigns. As it drives up visitor numbers, the organization not only strengthens the local economy but also promotes community improvement and quality of life for residents. By fostering a strong partnership with the tourism and hospitality sectors, Visit Newport Beach Inc ensures that the city's brand remains vibrant and competitive in the marketplace.
This information is meant to be a general summary of Visit Newport Beach Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $223,839
- Program Service Revenue: $10,382,835
- Gross Receipts: $10,635,074
Assets and Liabilities:
- Total Assets: $9,937,582
- Total Liabilities: $1,769,809
- Net Assets: $8,167,773
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TRANSIENT OCCUPANCY TAX (TOT)
Revenue
$6,826,001
TOURISM BUSINESS IMPROVEMENT DIST
Revenue
$3,556,834
Organization Details
Founding Year
1975
Principal Officer
Lily Pearson
Website
www.visitnewportbeach.comNTEE Category
Code: S33 - Community improvement
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