Civic Intelligence

Visit Huntington Beach

990 • Fiscal year 2015 • EIN 33-0368191

Oct 01, 2014 to Sep 30, 2015 • Filed on Aug 12, 2016

301 Main Street No 212Huntington Beach, CA 92648-5171

(714) 969-3492

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

36th percentile

0.10x

Higher debt load relative to assets than 36% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

27th percentile

0.05x

Higher debt load relative to revenue than 27% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Net Margin

89th percentile

21%

Higher net margin than 89% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

75th percentile

$212,646

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2015

Asset Growth

96th percentile

62%

Faster asset growth than 96% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

95th percentile

46%

Faster revenue growth than 95% of similar nonprofits.

2015 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$2,030,496

Up $773,804 (+62%) from 2014

Net Assets

Up

$1,832,068

Up $757,841 (+71%) from 2014

Liabilities

Up

$198,428

Up $15,963 (+8.7%) from 2014

Revenue

Up

$3,685,076

Up $1,154,240 (+46%) from 2014

Expenses

Up

$2,927,235

Up $414,610 (+17%) from 2014

Net Income

Up

$757,841

Up $739,630 (+4061%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2012: $1,478,639Liabilities 2012: $167,835Net Assets 2012: $1,310,8042012Assets 2014: $1,256,692Liabilities 2014: $182,465Net Assets 2014: $1,074,2272014Assets 2015: $2,030,496Liabilities 2015: $198,428Net Assets 2015: $1,832,0682015Assets 2016: $2,435,116Liabilities 2016: $343,147Net Assets 2016: $2,091,9692016Assets 2017: $3,031,289Liabilities 2017: $326,959Net Assets 2017: $2,704,3302017Assets 2018: $4,104,336Liabilities 2018: $601,749Net Assets 2018: $3,502,5872018Assets 2020: $3,740,581Liabilities 2020: $550,421Net Assets 2020: $3,190,1602020Assets 2021: $4,814,527Liabilities 2021: $673,162Net Assets 2021: $4,141,3652021Assets 2022: $6,606,069Liabilities 2022: $1,342,273Net Assets 2022: $5,263,7962022Assets 2024: $8,507,713Liabilities 2024: $2,776,952Net Assets 2024: $5,730,7612024

Highlighted filing

2015

Assets$2,030,496
Liabilities$198,428
Net Assets$1,832,068

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2012: $1,868,7072012Revenue 2014: $2,530,836Expenses 2014: $2,512,625Net Income 2014: $18,2112014Revenue 2015: $3,685,076Expenses 2015: $2,927,235Net Income 2015: $757,8412015Revenue 2016: $4,013,755Expenses 2016: $3,753,854Net Income 2016: $259,9012016Revenue 2017: $4,518,080Expenses 2017: $3,958,636Net Income 2017: $559,4442017Revenue 2018: $5,307,909Expenses 2018: $4,509,652Net Income 2018: $798,2572018Revenue 2020: $4,601,229Expenses 2020: $4,801,518Net Income 2020: -$200,2892020Revenue 2021: $3,724,387Expenses 2021: $2,773,182Net Income 2021: $951,2052021Revenue 2022: $6,124,993Expenses 2022: $5,002,562Net Income 2022: $1,122,4312022Revenue 2024: $6,992,473Expenses 2024: $7,223,651Net Income 2024: -$231,1782024

Highlighted filing

2015

Revenue$3,685,076
Expenses$2,927,235
Net Income$757,841
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Aug 12, 2016
Return Version
2014v6.0
Gross Receipts
$3,685,076
Mission and Program Overview

Mission

The mission of visit huntington beach is to market and sell huntington beach's surf city usa brand experience as the preferred quintessential california beach destination leading to increased visitor spending and enhanced quality of life for residents.

To promote the common interests of the visitor-serving businesses in huntington beach, ca

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$584,312$1,153,065▲ $568,753
Accounts Receivable$552,737$744,934▲ $192,197
Prepaid Expenses and Deferred Charges$37,697$62,518▲ $24,821
Land, Buildings, and Equipment, Net$44,396$35,982▼ $8,414
Total Assets$1,256,692$2,030,496▲ $773,804
Other Assets Total$37,550$33,997▼ $3,553
Liabilities
Accounts Payable and Accrued Expenses$39,910$115,996▲ $76,086
Other Liabilities$142,555$82,432▼ $60,123
Total Liabilities$182,465$198,428▲ $15,963
Net Assets / Fund Balance
Unrestricted Net Assets$1,074,227$1,832,068▲ $757,841
Total Net Assets Fund Balance$1,074,227$1,832,068▲ $757,841
Total Liabilities and Net Assets / Fund Balance$1,256,692$2,030,496▲ $773,804

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$20,236$75,717$95,953
Buildings$15,746$1,852$17,598
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Kelly MillerExecutive DirectorFT$178,322$34,324$212,646
John EhlenfeldtVP of SalesFT$147,267$14,077$161,344
Stephen K BonePresidentFT$67,471-$67,471

Highest Paid Contractors

ContractorServicesLocationCompensation
SimpleviewWebsite7458 N LACHOLLA BLVD SUITE 100, Tucson, AZ 85741$173,163
Jt DevelopmentRents15272 BOLSA CHICA RD, Huntington Beach, CA 92649$102,654
Revenue and Support

Revenue Composition

Contributions and Grants
$920,834
Program Service Revenue
$2,763,500
Investment Income
$742
Other Revenue
$0
Change in Net Assets
$757,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,761,983
Salaries, Compensation, and Employee Benefits$1,165,252
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$944,806
Advertising---$617,790
Travel---$229,059
Occupancy---$120,209
All Other Expenses---$99,529
Other Employee Benefits---$91,700
Information Technology---$80,412
Payroll Taxes---$74,064
Fees for Services Accounting---$64,231
Pension Plan Contributions---$54,682
Insurance---$45,777
Office Expenses---$41,371
Other Expenses---$36,126
Fees for Services Other---$30,090
Depreciation Depletion---$11,038
Fees for Services Legal---$9,269
Total Functional Expenses$0$0$0$2,927,235
International Activity

International Summary

Offices
0
Employees
0
Spending
$153,389

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No

International Activities

RegionActivityServicesOfficesEmployeesSpending
EuropeTo Promote Tourism to Huntington Beach, CA in England and GermanyMarketing and Advertising, Public Relations, Online Marketing and Tradeshows00$73,232
East Asia and the PacificTo Promote Tourism to Huntington Beach in Australia and ChinaTradeshows00$69,157
CanadaTo Promote Tourism to Huntington Beach, CA in CanadaTradeshows00$8,500
Middle East and North AfricaTo Promote Tourism to Huntington Beach in Uae, Quatar and KuwaiyMarketing and Advertising, Public Relations, Online Marketing and Tradeshows00$2,500
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Liabilities$54,211
Compensated Absences$26,520
Capital Lease$1,701
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

No committee is created to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11

Form 990 is reviewed by the president/ceo prior to filing

Form 990, Part VI, Section B, Line 12C

The bureau's board members,including its president/ceo are required to file a form 700-statement of economic interests with the city of huntington beach on an annual basis.

Form 990, Part VI, Section B, Line 15

The executive committee negotiates and approve the employment contract for the bureau's president/ceo based on comparability data.the initial compensation for the bureau's vice president of marketing is reviewed and approved by the president/ceo and executive committee based on comparability data. President/ceo also reviews and approves annual adjustments to compensation.

Form 990, Part VI, Section C, Line 19

The governing documents, policies and financial statements are available upon request. The monthly financial statements are also available during the board meetings, which are open to the public.

Filing and Contact Details

Filer

Filer Name
Visit Huntington Beach
EIN
33-0368191
Phone
7149693492
Address
301 MAIN STREET NO 212, HUNTINGTON BEACH, CA 92648-5171

Signing Officer

Name
Kelly Miller
Title
President & CEO
Phone
7149693492
Signed
2016-08-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kelly Miller
Formed
1989
Legal Domicile
CA
Voting Board Members
21
Independent Board Members
21
Employees
14
Volunteers
0

Preparer

Firm
Vavrinektrineday & Co Llp
Address
10681 FOOTHILL BLVD SUITE 300, RANCHO CUCAMONGA, CA 91730
Preparer
W David Helm Partner
Phone
9094664410
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IRS990/Form990PartVIISectionAGrp/TitleTxt4MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6MEMBER
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IRS990/Form990PartVIISectionAGrp/TitleTxt9MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt14CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt15MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt16MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt17MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt18MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt19MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt20TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt21MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt22PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt23EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt24VP OF SALES
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IRS990/MinutesOfCommitteesInd00
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IRS990/MissionDesc0TO PROMOTE THE COMMON INTERESTS OF THE VISITOR-SERVING BUSINESSES IN HUNTINGTON BEACH, CA
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IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EUROPE
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt1CANADA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt2EAST ASIA AND THE PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt3MIDDLE EAST AND NORTH AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0MARKETING AND ADVERTISING, PUBLIC RELATIONS, ONLINE MARKETING AND TRADESHOWS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt1TRADESHOWS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt2TRADESHOWS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt3MARKETING AND ADVERTISING, PUBLIC RELATIONS, ONLINE MARKETING AND TRADESHOWS
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0TO PROMOTE TOURISM TO HUNTINGTON BEACH, CA IN ENGLAND AND GERMANY
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt1TO PROMOTE TOURISM TO HUNTINGTON BEACH, CA IN CANADA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt2TO PROMOTE TOURISM TO HUNTINGTON BEACH IN AUSTRALIA AND CHINA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt3TO PROMOTE TOURISM TO HUNTINGTON BEACH IN UAE, QUATAR AND KUWAIY
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
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