World Preservation Of Automobiles
- Assets
- $1.3m
- Revenue
- $956.8k
- Investments
- $0.0
- Employees
- 0
- Location
- League City, TX
- Founding
- Data as of
- 06/2017
- EIN
- 81-2761238
Organization Overview
World Preservation Of Automobiles is located in League City, TX. World Preservation Of Automobiles is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2017
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THIS IS A NON-PROFIT ORGANIZATION PROMOTING THE HISTORY OF CLASSIC CARS. IT WAS FORMED IN JULY 2016 AND BEGAIN OPERATIONS. THE ORGANIZATION RECEIVED IT'S FIRST CONTRIBUTION OF A 1936 BENTLEY IN DECEMBER 2016.
THIS IS A NON-PROFIT ORGANIZATION PROMOTING THE HISTORY OF CLASSIC CARS. IT WAS FORMED IN JULY 2016 AND BEGAIN OPERATIONS. THE ORGANIZATION RECEIVED IT'S FIRST CONTRIBUTION OF A 1936 BENTLEY IN DECEMBER 2016.
THE ORGANIZATION RECEIVED A CONTRIBUTION OF A 1973 CHEVRON MODEL B34 SPORTS CAR
THE ORGANIZATION RECEIVED A CONTRIBUTION OF A 1973 CHEVRON MODEL B34 SPORTS CAR
THE ORGANIZATION RECEIVED A NON-CASH CONTRIBUITON OF A 1970 MAZDA MODEL L10B, COSMO SERIES 2-DOOR
THE ORGANIZATION RECEIVED A NON-CASH CONTRIBUITON OF A 1970 MAZDA MODEL L10B, COSMO SERIES 2-DOOR
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Monroe Director | Trustee | 10 | $0 |
Cynthia Monroe Director | Trustee | 0 | $0 |
Lauren Monroe Director | Trustee | 0 | $0 |
Scott Monroe Director | Trustee | 10 | $0 |
Cynthia Monroe Director | Trustee | 0 | $0 |
Lauren Monroe Director | Trustee | 0 | $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 | $956,761 |
| Noncash contributions included in lines 1a–1f | $914,900 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $956,761 |
| Total Program Service Revenue | $0 |
| 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 | $956,761 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,038 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $128,500 |
| Advertising and promotion | $9,663 |
| Office expenses | $144 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $167,256 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,105 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,249,900 |
| Total assets | $1,253,005 |
| Accounts payable and accrued expenses | $0 |
| 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 | $463,500 |
| Total liabilities | $463,500 |
| Unrestricted restricted net Assets | $0 |
| Temporarily restricted net Assets | $0 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $789,505 |