Civic Intelligence

World Preservation of Automobiles

EIN 81-2761238 • 501(c)3 • League City, TX

Profile

Automobiles have inspired us and changed the course of history over the past century. Classic luxury models in particular emerged as paragons of extraordinary style and excellence. These cars continue to inspire and provoke spectators, and act as important historical landmarks in the ongoing, evolving automobile industry. Luxury, museum quality autos act as nostalgic placeholders while educating the public about the important impact the automobile has had on our way of life.

180 N Fm 270 RdLeague City, TX 77573

world-pa.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

78th percentile

0.37x

Higher debt load relative to assets than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

81st percentile

0.48x

Higher debt load relative to revenue than 81% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

96th percentile

83%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

40th percentile

$0

Higher top officer pay than 40% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Balance Sheet
Liabilities / Assets78th percentile

Assets

$1,253,005

No earlier filing loaded for comparison.

Liabilities

$463,500

No earlier filing loaded for comparison.

Net Assets

$789,505

No earlier filing loaded for comparison.

Operations
Liabilities / Revenue81st percentileNet Margin96th percentile

Revenue

$956,761

No earlier filing loaded for comparison.

Expenses

$167,256

No earlier filing loaded for comparison.

Net Income

$789,505

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2017: $1,253,005Liabilities 2017: $463,500Net Assets 2017: $789,5052017

Highlighted filing

2017

Assets$1,253,005
Liabilities$463,500
Net Assets$789,505
Open 2017 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0Revenue 2017: $956,761Expenses 2017: $167,256Net Income 2017: $789,5052017

Highlighted filing

2017

Revenue$956,761
Expenses$167,256
Net Income$789,505
Open 2017 Filing

Filings

Most recent year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,253,005
Liabilities
$463,500
Net assets
$789,505
Revenue
$956,761
Expenses
$167,256
Net income
$789,505
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$1.25$0.46$0.79$0.96$0.17$0.79
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 8, 2018
Return Version
2016v3.0
Gross Receipts
$956,761
Mission and Program Overview

Mission

Automobiles have inspired us and changed the course of history over the past century. Classic luxury models in particular emerged as paragons of extraordinary style and excellence. These cars continue to inspire and provoke spectators, and act as important historical landmarks in the ongoing, evolving automobile industry. Luxury, museum quality autos act as nostalgic placeholders while educating the public about the important impact the automobile has had on our way of life.

The world preservation of automobile mission is to preserve, collect, dislay, restore, and maintain classic transportation vehicles for the benefit of the general public. We regard automobiles as works of art and technolgical advances that have changed the course of history.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds-$789,505-
Cash and Non-Interest-Bearing Accounts-$3,105-
Pd in Cap Srpls Land Bldg Eqp Fund-$0-
Cap Stk Tr Prin Current Funds-$0-
Total Assets$0$1,253,005▲ $1,253,005
Other Assets Total-$1,249,900-
Liabilities
Other Liabilities-$463,500-
Total Liabilities$0$463,500▲ $463,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$0$789,505▲ $789,505
Total Liabilities and Net Assets / Fund Balance$0$1,253,005▲ $1,253,005

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$265,000--
Compensation and Service Providers
Top Officer Pay40th percentile

Board Members and Trustees

NameTitle
Cynthia MonroeDirector
Lauren MonroeDirector
Scott MonroeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$956,761
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$956,761
Change in Net Assets
$789,505

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Cars and Other Vehicles3$914,900Appraisals
Total Noncash Contributions3$914,900-
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$167,256
Total Fundraising Expense$128,500
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other--$128,500$128,500
Fees for Services Legal$19,038--$19,038
Advertising$9,663--$9,663
Office Expenses$144--$144
Other Expenses$45--$45
Total Functional Expenses$38,756$0$128,500$167,256
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Contributions Payable to Monroe Motors$463,500
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Other officer compensation reviewed
No
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 2

“Scott and cynthia monroe are married. Lauren monroe is their daughter”

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

“The organization does not have committees that act on behalf of the governing body.”

Form 990, Part VI, Section B, Line 11B

“Governing body will consist of a board of directors who will exercise all powers of the corporation under bylaws which includes electronic meeting designed by the board using telephone communication to review the 990”

Form 990, Part VI, Section C, Line 18

“The organizations governing documents are available upon request through the website world preservation of transporation or by mail, etc.”

Form 990, Part VI, Section C, Line 19

“A copy of the entire 990 will be provided to an officer on the board. The officers of the board of directors will review and approve the form 990 prior to it being filed”

Filing and Contact Details

Filer

Filer Name
World Preservation of Automobiles
EIN
81-2761238
Phone
5122982898
Address
180 N FM 270 RD, LEAGUE CITY, TX 77573
Doing Business As
World Preservation of Automobiles

Signing Officer

Name
Scott Monroe
Title
Officier
Phone
5122982898
Signed
2018-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Monroe
Formed
2016
Legal Domicile
TX
Voting Board Members
3
Independent Board Members
0
Employees
0
Volunteers
0

Preparer

Firm
Cavett Turner & Wyble Llp
Address
PO BOX 2032, BEAUMONT, TX 77704
Preparer
Larry a Turner CPA
Phone
4098980070
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

“Finders fee for contributons: program service expenses 0. Management and general expenses 0. Fundraising expenses 128,500. Total expenses 128,500.”

Financial Statement Notes

PART III, LINE 4:

“Collectible/classic cars serve to educate the public about the technological advancements of automobiles and to use to fund scholarships to technical institutions”

Raw XML Appendix322 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0THE WORLD PRESERVATION OF AUTOMOBILE MISSION IS TO PRESERVE, COLLECT, DISLAY, RESTORE, AND MAINTAIN CLASSIC TRANSPORTATION VEHICLES FOR THE BENEFIT OF THE GENERAL PUBLIC. WE REGARD AUTOMOBILES AS WORKS OF ART AND TECHNOLGICAL ADVANCES THAT HAVE CHANGED THE COURSE OF HISTORY.
IRS990/AdvertisingGrp/ProgramServicesAmt09663
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0LARRY A TURNER
IRS990/BooksInCareOfDetail/PhoneNum04098980070
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02920 TOCCOA
IRS990/BooksInCareOfDetail/USAddress/CityNm0BEAUMONT
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IRS990/DescribedInSection501c3Ind01
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IRS990/ForeignActivitiesInd00
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IRS990/Form990PartVIISectionAGrp/PersonNm2LAUREN MONROE
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02016
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt03
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0956761
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt00
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InitialReturnInd0X
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0AUTOMOBILES HAVE INSPIRED US AND CHANGED THE COURSE OF HISTORY OVER THE PAST CENTURY. CLASSIC LUXURY MODELS IN PARTICULAR EMERGED AS PARAGONS OF EXTRAORDINARY STYLE AND EXCELLENCE. THESE CARS CONTINUE TO INSPIRE AND PROVOKE SPECTATORS, AND ACT AS IMPORTANT HISTORICAL LANDMARKS IN THE ONGOING, EVOLVING AUTOMOBILE INDUSTRY. LUXURY, MUSEUM QUALITY AUTOS ACT AS NOSTALGIC PLACEHOLDERS WHILE EDUCATING THE PUBLIC ABOUT THE IMPORTANT IMPACT THE AUTOMOBILE HAS HAD ON OUR WAY OF LIFE.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesEOYAmt0789505
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt0914900
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ProgramServicesAmt0144
IRS990/OfficeExpensesGrp/TotalAmt0144
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/EOYAmt01249900
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0TRANSPORT FEES
IRS990/OtherExpensesGrp/Desc1INSURANCE
IRS990/OtherExpensesGrp/Desc2CONTRIBUTIONS
IRS990/OtherExpensesGrp/Desc3BANK FEES
IRS990/OtherExpensesGrp/ProgramServicesAmt06307
IRS990/OtherExpensesGrp/ProgramServicesAmt11809
IRS990/OtherExpensesGrp/ProgramServicesAmt21750
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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0SCOTT MONROE
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0THE ORGANIZATION RECEIVED A CONTRIBUTION OF A 1973 CHEVRON MODEL B34 SPORTS CAR
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0265000
IRS990/ProgSrvcAccomActy3Grp/Desc0THE ORGANIZATION RECEIVED A NON-CASH CONTRIBUITON OF A 1970 MAZDA MODEL L10B, COSMO SERIES 2-DOOR
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt0209900
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt016028
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt081861
IRS990/ProhibitedTaxShelterTransInd00
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IRS990/QuidProQuoContributionsInd00
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IRS990/RelatedOrganizationCtrlEntInd00
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt275000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt3265000
IRS990ScheduleD/OtherAssetsOrgGrp/Desc01936 BENTLY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc11970 MAZDA COSO SPORTS SERIES
IRS990ScheduleD/OtherAssetsOrgGrp/Desc21983 LOLA 596 VIN#HU16
IRS990ScheduleD/OtherAssetsOrgGrp/Desc31973 CHEVRON SPORTS RACER
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0463500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CONTRIBUTIONS PAYABLE TO MONROE MOTORS
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0COLLECTIBLE/CLASSIC CARS SERVE TO EDUCATE THE PUBLIC ABOUT THE TECHNOLOGICAL ADVANCEMENTS OF AUTOMOBILES AND TO USE TO FUND SCHOLARSHIPS TO TECHNICAL INSTITUTIONS
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
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IRS990/ScheduleJRequiredInd00
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd00
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IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SCOTT AND CYNTHIA MONROE ARE MARRIED. LAUREN MONROE IS THEIR DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION DOES NOT HAVE COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GOVERNING BODY WILL CONSIST OF A BOARD OF DIRECTORS WHO WILL EXERCISE ALL POWERS OF THE CORPORATION UNDER BYLAWS WHICH INCLUDES ELECTRONIC MEETING DESIGNED BY THE BOARD USING TELEPHONE COMMUNICATION TO REVIEW THE 990
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATIONS GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST THROUGH THE WEBSITE WORLD PRESERVATION OF TRANSPORATION OR BY MAIL, ETC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE ENTIRE 990 WILL BE PROVIDED TO AN OFFICER ON THE BOARD. THE OFFICERS OF THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE THE FORM 990 PRIOR TO IT BEING FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FINDERS FEE FOR CONTRIBUTONS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 128,500. TOTAL EXPENSES 128,500.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01253005
IRS990/TotReportableCompRltdOrgAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0925 MARINA BAY
IRS990/USAddress/CityNm0KEMAH
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IRS990/USAddress/ZIPCd077565
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WORLD-PA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT MONROE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICIER
ReturnHeader/BusinessOfficerGrp/PhoneNum05122982898
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLD PRESERVATION OF AUTOMOBILES
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0812761238
ReturnHeader/Filer/PhoneNum05122982898
ReturnHeader/Filer/USAddress/AddressLine1Txt0180 N FM 270 RD
ReturnHeader/Filer/USAddress/CityNm0LEAGUE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077573
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0C19D4769E4B15D18C2F7EE59173BA8469D0A4EC4
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId07295CD30A10D166AC0C0D85A669CB44E1C1E3EE6
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt068.89.226.66
ReturnHeader/FilingSecurityInformation/IPDt02018-05-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:39:21
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0760473687
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0CAVETT TURNER & WYBLE LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 2032
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0BEAUMONT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd077704
ReturnHeader/PreparerPersonGrp/PhoneNum04098980070
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0LARRY A TURNER CPA
ReturnHeader/ReturnTs02018-05-11T10:47:17-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

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