Newport Beach & Company
Nonprofit profile at a glance
- EIN
- 461758405
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Newport Beach, CA, USA
- Phone
- 9497196100
- Rating confidence
- Limited
- Sector
- Chambers of Commerce & Business Leagues
Reported finances
- Revenue
- $2,446,596
- Expenses
- $2,533,271
- Assets
- $0
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
28 people listed
Executive titles in this filing
- GARY SHERWIN (PRESIDENT/CEO)
Highest reported compensation
- GARY SHERWIN (PRESIDENT/CEO): $488,098 total reported compensation
- LILY PEARSON (CHIEF FINANCIAL OFFICER): $270,008 total reported compensation
- ASHLEY JOHNSON (CHIEF MARKETING OFFICER): $259,141 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
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.
What it reported doing in 2024
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.
Operating model
- Revenue model
- Earned-program. 92% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.
Rating breakdown
- Financial Efficiency: NotEnoughData
- Transparency & Controls: 82
- Accountability: 95
- Sustainability: 11
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: Limited
- Program expense ratio: Limited
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Compensation committee: Pass
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Pass
- Compensation survey or study: Pass
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 8 of 9 controls in place; rating input score 89
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -3.5%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0; rating input score 0; 0th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 35.6%; rating input score 3; 3rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: -0.9% per year; rating input score 0; 9th percentile among comparable filings
- Asset growth: 13.4% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
- Governance: 23 of 23 board members independent · 8 of 9 filing controls reported
- Programs: 1 filed program accomplishment
- Leadership: top reported pay $488K · 28 people listed · 4 of 6 pay-setting controls reported
- Consistency: 11 of 11 current checks pass
- Schedules: 5 filed schedules · includes executive pay
- Filing history: 12 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 3 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 0/100.
- Review — Accountability: Governance controls: Other executive compensation review process not reported.
- High — Sustainability: Officer compensation ratio scored 3/100.
- High — Grant Readiness: California registration: this organization is recorded as not currently operating in California.