Newport Beach Chamber Of Commerce
- Assets
- $482.3k
- Revenue
- $627.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 06/1938
- Data as of
- 05/2021
- EIN
- 95-1049140
Organization Overview
Newport Beach Chamber Of Commerce is located in Newport Beach, CA. The organization was established in 1938. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Newport Beach Chamber Of Commerce is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 05/2021, Newport Beach Chamber Of Commerce generated $627.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.8%) each year. All expenses for the organization totaled $364.7k during the year ending 05/2021. As we would expect to see with falling revenues, expenses have declined by (10.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE THE CIVIC AND ECONOMIC WELFARE OF THE NEWPORT HARBOR AREA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED MEMBERSHIP DEVELOPMENTS AND ARRANGED SPECIAL EVENTS FOR THE ENHANCEMENT OF THE SOCIAL AND CIVIC ENVIRONMENT OF THE BUSINESS OF NEWPORT BEACH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly Tavares Executive Committee | OfficerTrustee | 1 | $0 |
Debra Van Der Weide Executive Committee | OfficerTrustee | 1 | $0 |
Chris Delfs Executive Committee | OfficerTrustee | 1 | $0 |
Andy Smith Executive Committee | OfficerTrustee | 1 | $0 |
Steve Rosansky President & CEO | OfficerTrustee | 40 | $0 |
Rush Hill Council Presidents | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $554,942 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $627,862 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $97,850 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $129,308 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $18,483 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $366 |
| Fees for services: Accounting | $8,625 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,219 |
| Advertising and promotion | $0 |
| Office expenses | $15,160 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $21,724 |
| Travel | $3,190 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $364,679 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,664 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $12,647 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $482,311 |
| Accounts payable and accrued expenses | $700 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $150,000 |
| Total liabilities | $150,700 |
| Net assets without donor restrictions | $331,611 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $482,311 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Newport Beach Chamber Of Commerce has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Massiah Foundation Inc Newport Beach, CA PURPOSE: ECONOMIC WELFARE | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Open Philanthropy Action Fund Palo Alto, CA | $40,719,631 | $63,966,410 |
California Association Of Realtors Inc Los Angeles, CA | $141,130,823 | $49,796,356 |
Hawaii Visitors And Convention Bureau Honolulu, HI | $13,094,236 | $27,417,189 |
Airlines Committee Of Hawaii Inc Honolulu, HI | $51,429,795 | $29,139,681 |
California Chamber Of Commerce Sacramento, CA | $24,602,623 | $26,657,104 |
Chamber Of Commerce Of Hawaii Honolulu, HI | $2,410,473 | $21,243,686 |
Los Angeles Tourism & Convention Board Los Angeles, CA | $19,187,650 | $21,164,251 |
Orange County Realtors Laguna Hills, CA | $11,666,397 | $12,107,704 |
Anaheim Area Visitor And Convention Bureau Anaheim, CA | $14,446,478 | $12,147,236 |
Metropolitan Tucson Convention And Visitors Bureau Tucson, AZ | $11,117,181 | $12,905,654 |
Visit Newport Beach Inc Newport Beach, CA | $8,210,060 | $9,447,693 |
Santa Barbara Conference And Visitors Bureau Santa Barbara, CA | $2,275,165 | $7,251,776 |