2021-08-09T13:06:36-05:00 2020-09-30 953001179 WINDES INC PO BOX 87 LONG BEACH CA 908010087 990 2019-10-01 953766279 LONG BEACH AREA CONVENTION & VISITORS BUREAU LONG 5624363645 301 E OCEAN BLVD NO 1900 LONG BEACH CA 90802 STEPHEN GOODLING PRESIDENT/CEO 5624363645 2021-08-04 1 DONITA M JOSEPH P00286656 5624351191 2021-08-04 2019 2022-09-23 18:48:47Z STEPHEN GOODLING 301 E OCEAN BLVD NO 1900 LONG BEACH CA 90802 8434441 0 X WWW.VISITLONGBEACH.COM X 1983 CA TO MARKET AND PROMOTE THE CITY FOR MEETINGS, CONVENTIONS, AND EVENTS TO BE HELD IN THE CITY. 29 29 41 0 27188 -2027 6168507 3209567 5152614 5224864 10 10 0 0 11321131 8434441 0 0 0 0 4877104 3872342 0 0 0 6362803 4798749 11239907 8671091 81224 -236650 3603026 4132059 1415942 2181625 2187084 1950434 THE ORGANIZATION MARKETS AND ADVERTISES THE CITY OF LONG BEACH TO GROUPS, ORGANIZATIONS, AND COMPANIES THAT WOULD BRING THEIR MEETINGS, CONVENTIONS, AND EVENTS TO THE CITY. 0 0 THE BUREAU SERVES THE LONG BEACH AREA AS A SALES AND SERVICE ORGANIZATION FOR THE PURPOSE OF STIMULATING THE AREA ECONOMY THROUGH THE DEVELOPMENT OF THE CONVENTION AND TOURISM INDUSTRY. CONVENTION SALES INVOLVE THE SOLICITATION OF STATE, REGIONAL, NATIONAL, AND INTERNATIONAL GROUP BUSINESSES WHOSE ACTIVITIES USE THE LONG BEACH CONVENTION AND ENTERTAINMENT SITES AND/OR LONG BEACH LODGING FACILITIES. PROMOTION OF TOURISM INVOLVES THE SOLICITATION OF MOTOR COACH AND TOUR OPERATORS, RETAIL TRAVEL AGENTS, AS WELL AS THE SOLICITATION OF AIRLINE PROMOTIONS. THE MEMBERSHIP OF THE BUREAU CONSISTS OF MEMBERS OF THE LONG BEACH AREA BUSINESS COMMUNITY. 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 12 0 1 41 1 1 1 0 0 0 0 0 0 0 0 0 X 29 29 0 0 0 0 1 1 1 1 1 0 0 1 0 1 0 1 1 0 CA X CINDY ROBBINS 5624363645 301 E OCEAN BLVD NO 1900 LONG BEACH CA 90802 IMRAN AHMED CHAIRMAN OF THE BOARD 1.00 X X 0 0 0 LARRY BLACK VICE CHAIRMAN 1.00 X X 0 0 0 JANE NETHERTON CFO 1.00 X X 0 0 0 LARRY JACKSON SECRETARY 1.00 X X 0 0 0 GREG GUTHRIE BOARD MEMBER 1.00 X 0 0 0 TERRY ANTONELLI BOARD MEMBER 1.00 X 0 0 0 JON BENSON BOARD MEMBER 1.00 X 0 0 0 GREG BOMBARD BOARD MEMBER 1.00 X 0 0 0 SWIETLANA CAHILL BOARD MEMBER 1.00 X 0 0 0 BILL COLLIER BOARD MEMBER 1.00 X 0 0 0 MARCELLE EPLEY BOARD MEMBER 1.00 X 0 0 0 JOHN JENKINS BOARD MEMBER 1.00 X 0 0 0 MOOYON KIM BOARD MEMBER 1.00 X 0 0 0 TODD LEMMIS BOARD MEMBER 1.00 X 0 0 0 MAC MCCANN BOARD MEMBER 1.00 X 0 0 0 SILVANO MERLO BOARD MEMBER 1.00 X 0 0 0 WILKIN MES BOARD MEMBER 1.00 X 0 0 0 JIM MICHAELIAN BOARD MEMBER 1.00 X 0 0 0 JOHN MORRIS BOARD MEMBER 1.00 X 0 0 0 RON NELSON BOARD MEMBER 1.00 X 0 0 0 DENNIS PATEL BOARD MEMBER 1.00 X 0 0 0 HITU PATEL BOARD MEMBER 1.00 X 0 0 0 BILL ROUSE BOARD MEMBER 1.00 X 0 0 0 COURTNEY RUSSELL BOARD MEMBER 1.00 X 0 0 0 KAREN ENGLUND BOARD MEMBER 1.00 X 0 0 0 DR JERRY SCHUBEL BOARD MEMBER 1.00 X 0 0 0 JOHN THOMAS BOARD MEMBER 1.00 X 0 0 0 JOHN THOMPSON BOARD MEMBER 1.00 X 0 0 0 RENATO ALESIANI BOARD MEMBER 1.00 X 0 0 0 STEPHEN GOODLING PRESIDENT & CEO 40.00 X 450708 0 11200 CINDY ROBBINS CONTROLLER 40.00 X 135782 0 5425 JOSEPH JENCI EXECUTIVE VP/SR VP OF SALE 40.00 X 221649 0 8059 KENYA STAMPS VP CONV SERVICES 40.00 X 157567 0 5626 MARY KAY LUI NATIONAL SALES MANAGER 40.00 X 155086 0 6197 BARBARA AJEMIAN VP CONVENTION SALES 40.00 X 147853 0 5836 ARTHUR SCALON NATIONAL SALES MANAGER 40.00 X 138840 0 5007 SUSAN VALEN NATIONAL SALES MANAGER 40.00 X 137857 0 5508 1545342 0 52858 14 0 1 0 0 133754 3075813 3209567 CITY OF LONG BEACH CON 900099 5058676 5058676 CITY OF L.B. - PROMO 900099 132000 132000 DIGITAL DISPLAY BOARDS 900099 27188 27188 CONCIERGE DESK 721000 7000 7000 5224864 10 10 8434441 5197676 27188 10 X 849246 2252489 90505 453200 226902 5316 16699 41456 2888343 166933 155200 416581 429253 3060 57169 36822 SPECIAL EVENTS 167458 FAMILIARIZATION TOURS 116908 BAD DEBT 111159 GIFTS 82082 104310 8671091 200 200 1315222 1736824 2091790 2211887 53401 28771 799991 674218 112984 125773 29429 28604 3603026 4132059 1107532 987675 230741 266163 77669 927787 1415942 2181625 X 2187084 1950434 2187084 1950434 3603026 4132059 -236650 0 X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 27367 27367 0 772624 646851 125773 125773 CAPITAL LEASE 45454 PAYCHECK PROTECTION PROGRAM LOAN 733615 ECONOMIC INJURY DISASTER LOAN 148718 927787 X 8434441 0 8434441 0 8434441 8671091 0 8671091 0 8671091 PART X, LINE 2: THE BUREAU IS ORGANIZED UNDER THE LAWS OF THE STATE OF CALIFORNIA AND IS A TAX-EXEMPT ORGANIZATION UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE AND RELATED STATE PROVISIONS. THE BUREAU RECOGNIZES THE FINANCIAL STATEMENT BENEFIT OF TAX POSITIONS, SUCH AS ITS FILING AS TAX-EXEMPT, ONLY AFTER DETERMINING THAT THE RELEVANT TAX AUTHORITY WOULD MORE LIKELY THAN NOT SUSTAIN THE POSITION FOLLOWING AN AUDIT. THE BUREAU IS SUBJECT TO POTENTIAL INCOME TAX AUDITS ON OPEN TAX YEARS BY ANY TAXING JURISDICTION IN WHICH IT OPERATES. THE STATUTE OF LIMITATIONS FOR FEDERAL AND CALIFORNIA PURPOSES IS GENERALLY THREE AND FOUR YEARS, RESPECTIVELY. FORM 990, PART X, LINE 25: OTHER LIABILITIES IN JUNE 2020, THE BUREAU RECEIVED AN ECONOMIC INJURY DISASTER LOAN ("EIDL") UNDER THE SBA'S ASSISTANCE PROGRAM IN LIGHT OF THE IMPACT OF THE COVID-19 PANDEMIC. PURSUANT TO THE EIDL AGREEMENT, THE BUREAU RECEIVED AN ADVANCE OF $150,000, TO BE USED FOR WORKING CAPITAL PURPOSES ONLY. PURSUANT TO THE EIDL AGREEMENT, THE BUREAU EXECUTED; (I) A NOTE FOR THE BENEFIT OF THE SBA, WHICH CONTAINS CUSTOMARY EVENTS OF DEFAULT; AND (II) A SECURITY AGREEMENT, GRANTING THE SBA A SECURITY INTEREST IN ALL TANGIBLE AND INTANGIBLE PERSONAL PROPERTY OF THE BUREAU, WHICH ALSO CONTAINS CUSTOMARY EVENTS OF DEFAULT. THE EIDL BEARS AN INTEREST RATE OF 2.75% PER ANNUM WHICH ACCRUE FROM THE DATE OF THE ADVANCE. INSTALLMENT PAYMENTS, INCLUDING PRINCIPAL AND INTEREST, ARE REQUIRED BEGINNING JUNE 2021. THE BALANCE OF PRINCIPAL AND INTEREST IS PAYABLE THIRTY YEARS FROM THE DATE OF THE EIDL AGREEMENT, WITH FINAL PAYMENT DUE JUNE 2050. BEGINNING IN AUGUST 2020, THE BUREAU VOLUNTARILY BEGAN PAYMENTS ON THE BALANCE OF THE LOAN. THE OUTSTANDING BALANCE AS OF SEPTEMBER 30, 2020 TOTALED $148,718. IN JANUARY 2021, THE SBA ANNOUNCED A SECOND DRAW OF PAYCHECK PROTECTION PROGRAM LOANS FOR ELIGIBLE ENTITIES. THE BUREAU WAS APPROVED TO RECEIVE AN ADDITIONAL $583,333 OF PAYCHECK PROTECTION PROGRAM FUNDS. PER THE TERMS OF THE LOAN, THE FULL AMOUNT WILL BE FORGIVEN AS LONG AS LOAN PROCEEDS ARE USED TO COVER PAYROLL COSTS AND OTHER SPECIFIED NON PAYROLL COSTS (PROVIDED ANY NON-PAYROLL COSTS DO NOT EXCEED 40% OF THE FORGIVEN AMOUNT) OVER A 24 WEEK PERIOD AFTER THE LOAN IS MADE; AND EMPLOYEE AND COMPENSATION LEVELS ARE MAINTAINED. THE BUREAU INTENDS TO COMPLY WITH THE ABOVE TERMS IN ORDER TO QUALIFY FOR FULL OR PARTIAL LOAN FORGIVENESS. TO THE EXTENT IT IS NOT FORGIVEN, THE BUREAU WOULD BE REQUIRED TO REPAY THAT PORTION AT AN INTEREST RATE OF 1% OVER A PERIOD OF FIVE YEARS, WITH A FINAL INSTALLMENT ESTIMATED BY JANUARY 2026. X X X X 0 0 0 STEPHEN GOODLING PRESIDENT & CEO 434208 0 0 0 16500 0 11200 0 0 0 461908 0 0 0 JOSEPH JENCI EXECUTIVE VP/SR VP OF SALE 201649 0 20000 0 0 0 8059 0 0 0 229708 0 0 0 KENYA STAMPS VP CONV SERVICES 143067 0 14500 0 0 0 5626 0 0 0 163193 0 0 0 MARY KAY LUI NATIONAL SALES MANAGER 133140 0 21946 0 0 0 6197 0 0 0 161283 0 0 0 BARBARA AJEMIAN VP CONVENTION SALES 145553 0 500 0 1800 0 5836 0 0 0 153689 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERS JOIN THE LONG BEACH AREA CONVENTION AND VISITORS BUREAU BY APPLYING TO THE ENTITY. AN INTERESTED PARTY COMPLETES AN APPLICATION, PAYS THE REQUIRED DUES AND THEN SUBMITS BOTH TO THE ENTITY. THE ORGANIZATION HAS TWO TYPES OF MEMBERS. THE FIRST GROUP IS FOR ALL MEMBER COMPANIES THAT OPERATE AND RUN HOTELS, CALLED "OPERATING MEMBERS". WITHIN THIS GROUP, THERE ARE TWO SUBGROUPS. THE FIRST IS FOR HOTEL MEMBERS THAT HAVE 200 OR MORE ROOMS, CALLED "OPERATING - LARGE MEMBER". THE SECOND GROUP IS FOR ALL HOTEL MEMBERS THAT HAVE LESS THAN 200 ROOMS, CALLED "OPERATING - SMALL MEMBER." THE SECOND TYPE OF MEMBER INCLUDES ALL OTHER TYPES OF MEMBER COMPANIES. EACH IS CALLED A "REGULAR MEMBER". EVERY MEMBER COMPANY, REGARDLESS OF THE GROUP OR CLASS IT BELONGS TO, HAS ONE VOTE. A MEMBER IS ABLE TO VOTE ON THE BOARD OF DIRECTORS AND THE APPROVAL OF DECISIONS OF THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7A EVERY MEMBER COMPANY IN GOOD STANDING, REGARDLESS OF WHICH GROUP THE MEMBER BELONGS TO, HAS ONE VOTE WHEN IT COMES TO VOTING FOR BOARD MEMBERS. EVERY MEMBER OF THE BOARD IS DETERMINED THROUGH A VOTE OF THE GENERAL MEMBERSHIP. EACH BOARD MEMBER HAS A THREE YEAR TERM. IN VOTING ON BOARD MEMBERS, THE PROCESS IS AS FOLLOWS. THE NOMINATING COMMITTEE OF THE BOARD OF DIRECTORS CHOOSES A SLATE OF NOMINEES. BOARD MEMBERS ARE ABLE TO PETITION WRITE-INS AS NOMINEES. IF THERE ARE ENOUGH PETITIONS FOR AN INDIVIDUAL TO QUALIFY AS A WRITE IN CANDIDATE, THEY WILL BE ADDED TO THE BALLOT. AFTER THE BALLOT IS COMPLETED, IT IS SENT TO THE MEMBERSHIP FOR VOTE. MEMBERS HAVE 30 DAYS TO RETURN BALLOTS. THE ENTITY'S BYLAWS REQUIRE 1/3 OF MEMBERSHIP "QUORUM" IN THE RETURN OF BALLOTS, AND A NOMINEE MUST HAVE 50% OF THE VOTING POWER. IF QUORUM OR VOTING POWER IS NOT MET, THEN THE OPEN SEATS ARE CONSIDERED VACANT AND SEATS ARE FILLED AT THE DISCRETION OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B CERTAIN DECISIONS ARE REQUIRED TO BE APPROVED BY MEMBERS. THESE DECISIONS INCLUDE THE FOLLOWING: 1) CHANGES TO THE NUMBER OF DIRECTORS, 2) CHANGES TO THE LENGTH OF DIRECTOR TERMS, 3) CHANGES TO THE QUORUM REQUIREMENTS FOR TAKING ACTION AT MEMBERSHIP MEETINGS, 4) CREATING PROXY RIGHTS FOR MEMBERS, 5) TERMINATION OF A CLASS OF MEMBERSHIP, AND 6) ANY CHANGES TO TRANSFER RIGHTS. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT FORM 990 IS REVIEWED WITH THE CEO AND CONTROLLER FIRST FOR ANY INITIAL CORRECTIONS. AFTER ALL CONCERNS HAVE BEEN ADDRESSED WITH THE TAX ACCOUNTANTS, A FINAL DRAFT IS PROVIDED TO ALL BOARD OF DIRECTORS MEMBERS BEFORE FILING WITH THE APPROPRIATE AUTHORITIES. FORM 990, PART VI, SECTION B, LINE 12 WHILE THE ORGANIZATION DOES NOT YET HAVE A WRITTEN CONFLICT OF INTEREST POLICY, EACH BOARD MEMBER AND OFFICER IS REQUIRED TO COMPLETE A CALIFORNIA FORM 700 ANNUALLY. THIS DOCUMENT IS A PUBLIC DOCUMENT THAT EMPLOYEES AND MEMBERS OF A BOARD OF STATE OR LOCAL GOVERNMENT AGENCIES MUST COMPLETE TO REPORT ANY INVESTMENTS, PERSONAL RELATIONSHIPS, AND FINANCIAL CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 THE EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION FOR THE CEO ANNUALLY. COMPENSATION FOR THE CEO IS DETERMINED BY USING SALARY DATA FROM COMPARABLE EXEMPT ORGANIZATIONS. PERIODICALLY, A COMPENSATION SURVEY IS COMPLETED BY STATEWIDE OFFICIALS AND USED TO DETERMINE IF THE COMPENSATION IS AT PAR WITH OTHER SIMILARLY SITUATED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. FORM 990, PART IX, LINE 24E TRADE SHOWS 81,089. OUTSIDE SUPPORT SERVICE 18,737. BANK CHARGES 2,779. TAXES AND LICENSES 1,705.