Civic Intelligence

Michigan Basic Property Insurance Association

990 • Fiscal year 2011 • EIN 38-1956049

Jan 01, 2011 to Dec 31, 2011 • Filed on May 09, 2012

Organization Profilewww.mbpia.com

View Organization Page

3245 East Jefferson48207-4222
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

96th percentile

1.06x

Higher debt load relative to assets than 96% of similar nonprofits.

2011 filings • $50M-$100M nonprofits • Source year 2011

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2011

Asset Growth

1st percentile

-34%

Faster asset growth than 1% of similar nonprofits.

2011 filings • $50M-$100M nonprofits • Annualized from 2010 to 2011

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets96th percentile

Assets

Down

$36,429,930

Down $18,922,251 (-34%) from 2010

Net Assets

Down

-$2,244,948

Down $13,949,660 (-119%) from 2010

Liabilities

Down

$38,674,878

Down $4,972,591 (-11%) from 2010

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Down

$30,186,813

Down $9,192,396 (-23%) from 2010

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0-$20MAssets 2010: $55,352,181Liabilities 2010: $43,647,469Net Assets 2010: $11,704,7122010Assets 2011: $36,429,930Liabilities 2011: $38,674,878Net Assets 2011: -$2,244,9482011Assets 2012: $38,797,509Liabilities 2012: $36,754,515Net Assets 2012: $2,042,9942012Assets 2013: $42,744,445Liabilities 2013: $26,306,581Net Assets 2013: $16,437,8642013Assets 2014: $47,090,808Liabilities 2014: $27,276,220Net Assets 2014: $19,814,5882014Assets 2015: $49,489,075Liabilities 2015: $24,204,987Net Assets 2015: $25,284,0882015Assets 2016: $50,569,587Liabilities 2016: $22,561,207Net Assets 2016: $28,008,3802016Assets 2017: $54,520,677Liabilities 2017: $19,396,595Net Assets 2017: $35,124,0822017Assets 2018: $49,195,801Liabilities 2018: $16,231,877Net Assets 2018: $32,963,9242018Assets 2019: $54,265,153Liabilities 2019: $16,404,856Net Assets 2019: $37,860,2972019Assets 2020: $36,478,347Liabilities 2020: $15,430,415Net Assets 2020: $21,047,9322020Assets 2021: $25,213,481Liabilities 2021: $13,666,769Net Assets 2021: $11,546,7122021Assets 2022: $16,573,320Liabilities 2022: $14,106,627Net Assets 2022: $2,466,6932022Assets 2023: $15,762,775Liabilities 2023: $12,762,884Net Assets 2023: $2,999,8912023Assets 2024: $19,780,351Liabilities 2024: $14,463,374Net Assets 2024: $5,316,9772024

Highlighted filing

2011

Assets$36,429,930
Liabilities$38,674,878
Net Assets-$2,244,948
Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$40M$20M$0-$20MExpenses 2010: $39,379,2092010Expenses 2011: $30,186,8132011Expenses 2012: $27,270,4852012Revenue 2013: $28,261,469Expenses 2013: $23,643,810Net Income 2013: $4,617,6592013Revenue 2014: $26,763,688Expenses 2014: $19,655,124Net Income 2014: $7,108,5642014Revenue 2015: $23,282,000Expenses 2015: $17,032,074Net Income 2015: $6,249,9262015Revenue 2016: $20,690,870Expenses 2016: $18,280,443Net Income 2016: $2,410,4272016Revenue 2017: $18,318,430Expenses 2017: $13,291,854Net Income 2017: $5,026,5762017Revenue 2018: $15,633,024Expenses 2018: $20,692,923Net Income 2018: -$5,059,8992018Revenue 2019: $15,458,807Expenses 2019: $13,303,987Net Income 2019: $2,154,8202019Revenue 2020: $15,942,154Expenses 2020: $10,878,766Net Income 2020: $5,063,3882020Revenue 2021: $14,270,902Expenses 2021: $10,325,535Net Income 2021: $3,945,3672021Revenue 2022: $12,632,616Expenses 2022: $10,898,573Net Income 2022: $1,734,0432022Revenue 2023: $11,845,327Expenses 2023: $11,173,758Net Income 2023: $671,5692023Revenue 2024: $13,447,771Expenses 2024: $10,883,167Net Income 2024: $2,564,6042024

Highlighted filing

2011

Revenue-
Expenses$30,186,813
Net Income-
Open 2011 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2011 to Dec 31, 2011
Signed
May 9, 2012
Return Version
2011v1.2
Gross Receipts
$53,876,419
Mission and Program Overview

Mission

The mission of Michigan Basic Property Insurance Association is to provide prompt courteous and efficient service to our customers; be aware of the responsibility we have to our member companies and policyholders to utilize resources effectively; provide a work environment that recognizes creativity and promotes teamwork; and be sensitive to the needs of the community.

Filing and Contact Details

Filer

EIN
38-1956049
Raw XML AppendixShowing 400 of 493 raw XML fields

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IRS990ScheduleD/OtherLiabilities/Amount37773337
IRS990ScheduleD/OtherLiabilities/Amount41216000
IRS990ScheduleD/OtherLiabilities/Amount5175
IRS990ScheduleD/OtherLiabilities/Amount611594219
IRS990ScheduleD/OtherLiabilities/Description0Unearned Premium
IRS990ScheduleD/OtherLiabilities/Description1Advance Premium
IRS990ScheduleD/OtherLiabilities/Description2Outstanding Checks to be Charged Off
IRS990ScheduleD/OtherLiabilities/Description3Loss Reserve
IRS990ScheduleD/OtherLiabilities/Description4Lae Reserve
IRS990ScheduleD/OtherLiabilities/Description5Unapplied Cash
IRS990ScheduleD/OtherLiabilities/Description6Underwriting Accrual
IRS990ScheduleD/TotalOfAmounts038096431
IRS990ScheduleD/TotalOfBookValueLandBuildings07621368
IRS990ScheduleI/Form990ScheduleIPartIV/Explanation0The director of Michigan Basic Property Insurance Association annually reviews the financials of the Michigan Arson Prevention Committee. Every four years an informal audit of the Michigan Arson Prevention Committee is performed by the staff of Michigan Basic Property Insurance Association.
IRS990ScheduleI/Form990ScheduleIPartIV/Identifier0I
IRS990ScheduleI/Form990ScheduleIPartIV/ReturnReference02
IRS990ScheduleI/RecipientTable/AddressUS/AddressLine1014111 Middlebelt
IRS990ScheduleI/RecipientTable/AddressUS/City0Livonia
IRS990ScheduleI/RecipientTable/AddressUS/State0MI
IRS990ScheduleI/RecipientTable/AddressUS/ZIPCode048154
IRS990ScheduleI/RecipientTable/AmountOfCashGrant0121000
IRS990ScheduleI/RecipientTable/EINOfRecipient0382623605
IRS990ScheduleI/RecipientTable/IRCSection0501c4
IRS990ScheduleI/RecipientTable/PurposeOfGrant0General Operating Account
IRS990ScheduleI/RecipientTable/RecipientNameBusiness/BusinessNameLine10Michigan Arson Prevention Committee Inc
IRS990ScheduleI/RecordsMaintained0true
IRS990ScheduleI/TotalNbrOfOtherOrganizations01
IRS990/ScheduleJRequired0false
IRS990ScheduleO/GeneralExplanation/Explanation0Michigan Basic Property Insurance Association is a trade association of all insurance companies licensed by Michigan to write property lines of business within the state. These companies elect ten company representatives and two public members into the governing body. The other six members of the governing body are appointed by the Michigan Insurance Commissioner.
IRS990ScheduleO/GeneralExplanation/Explanation1The Form 990 is prepared by the organizations accounting department and then reviewed by the accounting manager.
IRS990ScheduleO/GeneralExplanation/Explanation2Biannually, the association circulates and recovers with acknowledgement an authenticated conflict of interest questionnaire.
IRS990ScheduleO/GeneralExplanation/Explanation3The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.
IRS990ScheduleO/GeneralExplanation/Explanation4Other changes in net assets and fund balances consist of common stock book value 941,219 investment refund 15,785,116 prior period adjustment 135,786 additional minimum liability adjustment 1,157,627 prior non-admitted assets 3,113,703 and current non-admitted assets 5,167,162.
IRS990ScheduleO/GeneralExplanation/Explanation5Form 990 Part VI Section A Line 6 7a Michigan Basic Property Insurance Association is a trade association of all insurance companies licensed by Michigan to write property lines of business within the state. These companies elect ten company representatives and two public members into the governing body. The other six members of the governing body are appointed by the Michigan Insurance Commissioner. Form 990 Part VI Section B Line 11b The Form 990 is prepared by the organizations accounting department and then reviewed by the accounting manager. Form 990 Part VI Section B Line 12c Biannually, the association circulates and recovers with acknowledgement an authenticated conflict of interest questionnaire. 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. Form 990 Part XI Line 5 Other changes in net assets and fund balances consist of common stock book value 941,219 investment refund 15,785,116 prior period adjustment 135,786 additional minimum liability adjustment 1,157,627 prior non-admitted assets 3,113,703 and current non-admitted assets 5,167,162.

Document Assets

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Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$36,429,930
Liabilities
$38,674,878
Net assets
-$2,244,948
Revenue
-
Expenses
$30,186,813
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$14.5$5.32$13.4$10.9$2.56
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$15.8$12.8$3.00$11.8$11.2$0.67
2022Import issue. A filing source exists for this year, but detailed import did not complete cleanly.$16.6$14.1$2.47$12.6$10.9$1.73
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$25.2$13.7$11.5$14.3$10.3$3.95
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.5$15.4$21.0$15.9$10.9$5.06
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.3$16.4$37.9$15.5$13.3$2.15
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$49.2$16.2$33.0$15.6$20.7$5.06
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$54.5$19.4$35.1$18.3$13.3$5.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$50.6$22.6$28.0$20.7$18.3$2.41
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$49.5$24.2$25.3$23.3$17.0$6.25
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$47.1$27.3$19.8$26.8$19.7$7.11
2013Detailed filing. Detailed filing data is available for this year.$42.7$26.3$16.4$28.3$23.6$4.62
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$38.8$36.8$2.04$27.3
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$36.4$38.7$2.24$30.2
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$55.4$43.6$11.7$39.4