Civic Intelligence

Property Drone Consortium Co

EIN 47-5629607 • 501(c)6 • Columbia, SC

Profile

The property drone consortium represents a collaboration among insurance carriers, construction industry leaders and supporting enterprises who have agreed to work together to promote research, development and the establishment of regulations for the use of unmanned aerial system (uas) technology across the insurance and construction industries.

1320 Main Street No 300Columbia, SC 29201

propertydrone.org

Siviq Scores

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

Liabilities / Assets

31st percentile

0.00x

Higher debt load relative to assets than 31% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

100th percentile

5.47x

Higher debt load relative to revenue than 100% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2017

Net Margin

1st percentile

-77661%

Higher net margin than 1% of similar nonprofits.

501(c)6 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

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

Assets

$608,953

No earlier filing loaded for comparison.

Liabilities

$1,981

No earlier filing loaded for comparison.

Net Assets

$606,972

No earlier filing loaded for comparison.

Revenue

$362

No earlier filing loaded for comparison.

Expenses

$281,494

No earlier filing loaded for comparison.

Net Income

-$281,132

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2017: $608,953Liabilities 2017: $1,981Net Assets 2017: $606,9722017

Highlighted filing

2017

Assets$608,953
Liabilities$1,981
Net Assets$606,972

Operations Trend

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

$400K$200K$0-$200K-$400KRevenue 2017: $362Expenses 2017: $281,494Net Income 2017: -$281,1322017

Highlighted filing

2017

Revenue$362
Expenses$281,494
Net Income-$281,132

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2017Detailed filing. Detailed filing data is available for this year.$6.09$0.02$6.07$0.00$2.81$2.81
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 29, 2018
Return Version
2017v2.3
Gross Receipts
$362
Mission and Program Overview

Mission

The property drone consortium represents a collaboration among insurance carriers, construction industry leaders and supporting enterprises who have agreed to work together to promote research, development and the establishment of regulations for the use of unmanned aerial system (uas) technology across the insurance and construction industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$888,104$606,972▼ $281,132
Cash and Non-Interest-Bearing Accounts$905,970$600,955▼ $305,015
Prepaid Expenses and Deferred Charges$6,671$5,638▼ $1,033
Land, Buildings, and Equipment, Net$0$2,360▲ $2,360
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$912,641$608,953▼ $303,688
Liabilities
Accounts Payable and Accrued Expenses$24,537$1,981▼ $22,556
Total Liabilities$24,537$1,981▼ $22,556
Net Assets / Fund Balance
Total Net Assets Fund Balance$888,104$606,972▼ $281,132
Total Liabilities and Net Assets / Fund Balance$912,641$608,953▼ $303,688

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,360$3,540-
Compensation and Service Providers

Board Members and Trustees

NameTitle
Bryan CorderCo-chairman
Jake BlockCo-chairman
Randall IshikawaPresident
Curtis PilotDirector
Paul ChoiDirector
Taylor HorsagerDirector
John MonacoSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$362
Other Revenue
$0
Change in Net Assets
$-281,132
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$281,494
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 Legal---$156,620
Fees for Services Accounting---$23,557
Insurance---$17,946
Advertising---$14,674
Travel---$6,972
All Other Expenses---$5,418
Depreciation Depletion---$3,540
Other Expenses---$2,295
Office Expenses---$448
Total Functional Expenses$0$0$0$281,494
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

The organization has classes of members.

Form 990, Part VI, Section A, Line 7A

Charter members are entitled to appoint one representative to serve on the board.

Form 990, Part VI, Section A, Line 7B

Associate members are entitled to vote on the dissolution of the consortium.

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

The form 990 is provided to and reviewed by select board members/officers before filing.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Property Drone Consortium Co
EIN
47-5629607
Phone
8035671077
Address
1320 MAIN STREET NO 300, COLUMBIA, SC 29201
Doing Business As
Property Drone Consortium

Signing Officer

Name
Randall Ishikawa
Title
President
Phone
8035671077
Signed
2018-10-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Randall Ishikawa
Formed
2015
Legal Domicile
De
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
0

Preparer

Firm
Piascik
Address
4470 COX ROAD SUITE 250, GLEN ALLEN, VA 23060
Preparer
Steven M Piascik CPA Mt
Phone
8045271815
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