Civic Intelligence

World Preservation of Transportation

EIN 82-1077817 • 501(c)3 • League City, TX

Profile

Automobiles and other forms of transportation 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 indusrty. Luxury, museum quality autos and other forms of transportation act as nostalgic placeholders while educating the public about the important impact these transportation vehicles has had on our way of life.

180 N Fm 270 RoadLeague City, TX 77573

world-pa.org

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2021

Net Margin

99th percentile

130%

Higher net margin than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

81st percentile

$0

Higher top officer pay than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

10th percentile

-100%

Faster asset growth than 10% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2019 to 2021

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2019 to 2021

Assets

Down

$0

Down $9,395,074 (-100%) from 2019

Liabilities

Down

$0

Down $2,500,260 (-100%) from 2019

Net Assets

Down

$0

Down $6,894,814 (-100%) from 2019

Revenue

Down

-$578,325

Down $583,345 (-11620%) from 2019

Expenses

Up

$171,036

Up $130,037 (+317%) from 2019

Net Income

Down

-$749,361

Down $713,382 (-1983%) from 2019

Trend Graphs

Balance Sheet Trend

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

$10M$5.0M$0Assets 2017: $9,287,334Liabilities 2017: $2,611,760Net Assets 2017: $6,675,5742017Assets 2018: $9,431,053Liabilities 2018: $2,500,260Net Assets 2018: $6,930,7932018Assets 2019: $9,395,074Liabilities 2019: $2,500,260Net Assets 2019: $6,894,8142019Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $6,032,419Expenses 2017: $146,350Net Income 2017: $5,886,0692017Revenue 2018: $315,101Expenses 2018: $59,882Net Income 2018: $255,2192018Revenue 2019: $5,020Expenses 2019: $40,999Net Income 2019: -$35,9792019Revenue 2021: -$578,325Expenses 2021: $171,036Net Income 2021: -$749,3612021

Highlighted filing

2021

Revenue-$578,325
Expenses$171,036
Net Income-$749,361

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 4, 2022
Return Version
2021v4.2
Gross Receipts
$154,835
Mission and Program Overview

Mission

Automobiles and other forms of transportation 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 indusrty. Luxury, museum quality autos and other forms of transportation act as nostalgic placeholders while educating the public about the important impact these transportation vehicles has had on our way of life.

The world preservation of transportation mission is to preserve, collect, display, restore, and maintain classic transportati0n vehicles for the benefit of the general public. We regard automobiles and other forms of transportation as works of art and strive to preserve the technological advances that have changed the course of history

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$749,361$0▼ $749,361
Cash and Non-Interest-Bearing Accounts$16,201$0▼ $16,201
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$749,361$0▼ $749,361
Other Assets Total$733,160$0▼ $733,160
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$749,361$0▼ $749,361
Total Liabilities and Net Assets / Fund Balance$749,361$0▼ $749,361
Compensation and Service Providers

Board Members and Trustees

NameTitle
Cynthia MonroeDirector
John LodsdonDirector
Lauren MonroeDirector
Scott MonroeDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$19,835
Program Service Revenue
$0
Investment Income
$-598,160
Other Revenue
$0
All Other Contributions
$19,835
Change in Net Assets
$-749,361
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$171,036
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$138,944--$138,944
Insurance$25,635--$25,635
Fees for Services Accounting$5,145--$5,145
Other Expenses$1,312--$1,312
Total Functional Expenses$171,036$0$0$171,036
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Scott MonroeDirector-No$0

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 meetings designed by the board using telephone communication to review the 990.

Form 990, Part VI, Section C, Line 18

The organization's governing documents are available upon request through website world preservation of transportation's website or by mail.

Form 990, Part VI, Section C, Line 19

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

Form 990, Part VII Contact Addresses for Officers, Directors, Etc

Scott monroe - 925 marina bay, kemah, tx 77565. Cynthia monroe - 925 marina bay, kemah, tx 77565. Lauren monroe - 925 marina bay, kemah, tx 77565. John lodsdon - 925 marina bay, kemah, tx 77565.

Filing and Contact Details

Filer

Filer Name
World Preservation of Transportation
EIN
82-1077817
Phone
5122982898
Address
180 N FM 270 ROAD, LEAGUE CITY, TX 77573
Doing Business As
World Preservation of Transportation

Signing Officer

Name
Scott Monroe
Title
Officer
Phone
5122982898
Signed
2022-11-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Scott Monroe
Formed
2017
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 III, Line 3

Organization was dissolved due to economic conditions as a result of covid-19

Form 990, Part IX, Line 11G

Repairs, maintenance and storage of transportation equipment: program service expenses 138,944. Management and general expenses 0. Fundraising expenses 0. Total expenses 138,944.

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 Appendix359 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.

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IRS990/MissionDesc0AUTOMOBILES AND OTHER FORMS OF TRANSPORTATION 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 INDUSRTY. LUXURY, MUSEUM QUALITY AUTOS AND OTHER FORMS OF TRANSPORTATION ACT AS NOSTALGIC PLACEHOLDERS WHILE EDUCATING THE PUBLIC ABOUT THE IMPORTANT IMPACT THESE TRANSPORTATION VEHICLES HAS HAD ON OUR WAY OF LIFE.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION WAS DISSOLVED DUE TO ECONOMIC CONDITIONS AS A RESULT OF COVID-19
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1SCOTT AND CYNTHIA MONROE ARE MARRIED. LAUREN MONROE IS THEIR DAUGHTER
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DOES NOT HAVE COMMITTEES THAT ACT ON BEHALF OF THE GOVERNING BODY
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3GOVERNING BODY WILL CONSIST OF A BOARD OF DIRECTORS WHO WILL EXERCISE ALL POWERS OF THE CORPORATION UNDER BYLAWS WHICH INCLUDES ELECTRONIC MEETINGS DESIGNED BY THE BOARD USING TELEPHONE COMMUNICATION TO REVIEW THE 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST THROUGH WEBSITE WORLD PRESERVATION OF TRANSPORTATION'S WEBSITE OR BY MAIL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5A COPY OF THE ENTIRE 990 WILL BE PROVIDED TO AN OFFICER OF THE BOARD. THE OFFICERS OF THE BOARD OF DIRECTORS WILL REVIEW AND APPROVE THE FORM 990 PRIOR TO IT BEING FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6SCOTT MONROE - 925 MARINA BAY, KEMAH, TX 77565. CYNTHIA MONROE - 925 MARINA BAY, KEMAH, TX 77565. LAUREN MONROE - 925 MARINA BAY, KEMAH, TX 77565. JOHN LODSDON - 925 MARINA BAY, KEMAH, TX 77565.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7REPAIRS, MAINTENANCE AND STORAGE OF TRANSPORTATION EQUIPMENT: PROGRAM SERVICE EXPENSES 138,944. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 138,944.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII CONTACT ADDRESSES FOR OFFICERS, DIRECTORS, ETC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt0749361
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt0749361
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt019835
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0171036
IRS990/TotalFunctionalExpensesGrp/TotalAmt0171036
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0749361
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt0169724
IRS990/TotalProgramServiceExpensesAmt0171036
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0-598160
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0-578325
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0749361
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0925 MARINA BAY
IRS990/USAddress/CityNm0KEMAH
IRS990/USAddress/StateAbbreviationCd0TX
IRS990/USAddress/ZIPCd077565
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0WORLD-PA.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0SCOTT MONROE
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0OFFICER
ReturnHeader/BusinessOfficerGrp/PhoneNum05122982898
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-04
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0WORLD PRESERVATION OF TRANSPORTATION
ReturnHeader/Filer/BusinessNameControlTxt0WORL
ReturnHeader/Filer/EIN0821077817
ReturnHeader/Filer/PhoneNum05122982898
ReturnHeader/Filer/USAddress/AddressLine1Txt0180 N FM 270 ROAD
ReturnHeader/Filer/USAddress/CityNm0LEAGUE CITY
ReturnHeader/Filer/USAddress/StateAbbreviationCd0TX
ReturnHeader/Filer/USAddress/ZIPCd077573
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/ReturnTs02022-11-08T09:35:20-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0SCOTT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0MONROE
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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