Civic Intelligence

Michigan Basic Property Insurance Association

990 • Fiscal year 2013 • EIN 38-1956049

Jan 01, 2013 to Dec 31, 2013 • Filed on May 13, 2014

Organization Profilewww.mbpia.com

View Organization Page

3245 East JeffersonFarmingtn Hls, MI 48207-4222

(313) 877-7400

Siviq Scores

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

Liabilities / Assets

76th percentile

0.62x

Higher debt load relative to assets than 76% of similar nonprofits.

2013 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2013

Liabilities / Revenue

84th percentile

0.93x

Higher debt load relative to revenue than 84% of similar nonprofits.

2013 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2013

Net Margin

78th percentile

16%

Higher net margin than 78% of similar nonprofits.

2013 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2013

Top Officer Pay

8th percentile

$1,650

Higher top officer pay than 8% of similar nonprofits.

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

2013 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2013

Asset Growth

60th percentile

10%

Faster asset growth than 60% of similar nonprofits.

2013 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

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

Source year 2013

Balance Sheet
Liabilities / Assets76th percentile

Assets

Up

$42,744,445

Up $3,946,936 (+10%) from 2012

Net Assets

Up

$16,437,864

Up $14,394,870 (+705%) from 2012

Liabilities

Down

$26,306,581

Down $10,447,934 (-28%) from 2012

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin78th percentile

Revenue

$28,261,469

No earlier filing loaded for comparison.

Expenses

Down

$23,643,810

Down $3,626,675 (-13%) from 2012

Net Income

$4,617,659

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth60th 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

2013

Assets$42,744,445
Liabilities$26,306,581
Net Assets$16,437,864
Open 2013 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

2013

Revenue$28,261,469
Expenses$23,643,810
Net Income$4,617,659
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
May 13, 2014
Return Version
2013v3.1
Gross Receipts
$28,366,999
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.

The mission of MBPIA is to provide prompt, courteous, and efficient service to our customers be aware of the responsibility we have to our member companies and policyholders provide a work environment that promotes teamwork and creativity and be sensitive to the needs of the community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$25,918,428$29,259,910▲ $3,341,482
Rtn Earn Endowment Incm Other Fnds$2,042,994$16,437,864▲ $14,394,870
Land, Buildings, and Equipment, Net$7,409,404$7,257,995▼ $151,409
Accounts Receivable$4,704,887$4,414,364▼ $290,523
Savings and Temporary Cash Investments$2,646,748$1,202,850▼ $1,443,898
Cash and Non-Interest-Bearing Accounts$-1,883,619$608,596▲ $2,492,215
Total Assets$38,797,509$42,744,445▲ $3,946,936
Other Assets Total$1,661$730▼ $931
Liabilities
Other Liabilities$36,287,187$25,962,736▼ $10,324,451
Accounts Payable and Accrued Expenses$464,452$342,732▼ $121,720
Escrow Account Liability$2,876$1,113▼ $1,763
Total Liabilities$36,754,515$26,306,581▼ $10,447,934
Net Assets / Fund Balance
Total Net Assets Fund Balance$2,042,994$16,437,864▲ $14,394,870
Total Liabilities and Net Assets / Fund Balance$38,797,509$42,744,445▲ $3,946,936

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,646,646$2,364,685$8,011,331
Land$1,510,554-$1,510,554
Other Land Buildings$100,795$836,590$937,384
Compensation and Service Providers
Top Officer Pay8th percentile

Employees

NameTitleBaseTotal
Muddasar TawakkulBoard of Governors$1,650$1,650
Leroy BosticBoard of Governors$1,500$1,500
Solon PhillipsBoard of Governors$1,200$1,200
Richard RobertsonBoard of Governors$900$900
Joseph LupaBoard of Governors$750$750
F Robert WoudstraBoard of Governors$600$600
David WalkerBoard of Governors$450$450
Lorray BrownBoard of Governors$300$300

Board Members and Trustees

NameTitle
Amy MassBoard of Governors
Christopher ClevelandBoard of Governors
Donald SimonBoard of Governors
Jami KellyBoard of Governors
Jon HartBoard of Governors
Linda MaarBoard of Governors
Mark GaravaliaBoard of Governors
Michael BockrathBoard of Governors
Michael McCrightBoard of Governors

Highest Paid Contractors

ContractorServicesLocationCompensation
Great Lakes Adjusting LLCClaims Adjuster-$125,178
-Claims Adjuster-$122,425
Klemanski & Associates PCLegal Services-$106,881
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$27,890,140
Investment Income
$613,533
Other Revenue
$-242,204
Change in Net Assets
$4,617,659
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$16,564,685
Salaries, Compensation, and Employee Benefits$6,910,575
Grants and Similar Amounts Paid$168,550
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,683,355--$3,683,355
Other Employee Benefits$2,860,172--$2,860,172
Information Technology$890,688--$890,688
Occupancy$747,406--$747,406
Office Expenses$289,566--$289,566
Payroll Taxes$276,457--$276,457
Other Expenses$275,963--$275,963
Fees for Services Accounting$239,506--$239,506
Grants to Domestic Orgs$168,550--$168,550
Pension Plan Contributions$82,191--$82,191
Depreciation Depletion$79,037--$79,037
Insurance$76,836--$76,836
Travel$54,285--$54,285
All Other Expenses$36,841--$36,841
Fees for Service Investment Mgmnt Fees$35,749--$35,749
Fees for Services Other$31,110--$31,110
Conferences and Meetings$15,747--$15,747
Fees for Services Legal$9,262--$9,262
Current Officers, Directors, Trustees, and Key Employees$8,400--$8,400
Advertising$6,751--$6,751
Total Functional Expenses$23,643,810$0$0$23,643,810
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
38-2623605-501c4General Operating Account$117,250
20-1193507-501c3General Operating Account$50,000
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes$13,551,610
LAE Reserve$5,563,167
Oustanding Checks to be Escheated$4,197,536
Loss Reserve$1,263,000
Advance Premium$1,007,988
Unearned Premium$379,435
Unapplied Cash-
Underwriting Accrual-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
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 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 organzations 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 the governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

EIN
38-1956049
Phone
3138777400

Signing Officer

Name
Michelle Mooradian
Title
Manager of Accounting
Signed
2014-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Hoffman
Formed
1968
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
17
Employees
58

Preparer

Preparer
Robert Hoffman
Phone
7346711317
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“Other changes in net assets or fund balances consist of pension and post retirement surplus adjustment 6,077,003 and change in non-admitted assets 2,746,436.”

Financial Statement Notes

IV 2B

“Michigan Basic Property Insurance Association collects and redistributes money received from employees for charity and money received from employees or former employees for benefits. The association also collects and redistributes the portion of premium that is payable as commission earned by the insurance agents.”

Raw XML AppendixShowing 400 of 492 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
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0464452
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0342732
IRS990/AccountsReceivableGrp/BOYAmt04704887
IRS990/AccountsReceivableGrp/EOYAmt04414364
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The mission of MBPIA is to provide prompt, courteous, and efficient service to our customers be aware of the responsibility we have to our member companies and policyholders provide a work environment that promotes teamwork and creativity and be sensitive to the needs of the community.
IRS990/AdvertisingGrp/ProgramServicesAmt06751
IRS990/AdvertisingGrp/TotalAmt06751
IRS990/AllAffiliatesIncludedInd0true
IRS990/AllOtherExpensesGrp/ProgramServicesAmt036841
IRS990/AllOtherExpensesGrp/TotalAmt036841
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/BackupWthldComplianceInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine10Michigan Basic Property Insurance Association
IRS990/BooksInCareOfDetail/PhoneNum03138777400
IRS990/BooksInCareOfDetail/USAddress/AddressLine103245 E Jefferson
IRS990/BooksInCareOfDetail/USAddress/City0Detroit
IRS990/BooksInCareOfDetail/USAddress/State0MI
IRS990/BooksInCareOfDetail/USAddress/ZIPCode0482074222
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0-1883619
IRS990/CashNonInterestBearingGrp/EOYAmt0608596
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt08400
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt08400
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt015747
IRS990/ConferencesMeetingsGrp/TotalAmt015747
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/ContractorCompensationGrp/CompensationAmt0106881
IRS990/ContractorCompensationGrp/CompensationAmt1125178
IRS990/ContractorCompensationGrp/CompensationAmt2122425
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine102240 Livernois
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine114140 Old Dominion Dr
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine122108 Lone Birch Dr
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City0Troy
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City1West Bloomfield
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/City2Waterford
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State0MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State1MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/State2MI
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode048083
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode1483232659
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCode248329
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine10Klemanski & Associates PC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine11Great Lakes Adjusting LLC
IRS990/ContractorCompensationGrp/ContractorName/PersonNm0Brian Keith Billops
IRS990/ContractorCompensationGrp/ServicesDesc0Legal Services
IRS990/ContractorCompensationGrp/ServicesDesc1Claims Adjuster
IRS990/ContractorCompensationGrp/ServicesDesc2Claims Adjuster
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0168550
IRS990/CYInvestmentIncomeAmt0613533
IRS990/CYOtherExpensesAmt016564685
IRS990/CYOtherRevenueAmt0-242204
IRS990/CYProgramServiceRevenueAmt027890140
IRS990/CYRevenuesLessExpensesAmt04617659
IRS990/CYSalariesCompEmpBnftPaidAmt06910575
IRS990/CYTotalExpensesAmt023643810
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt028261469
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ProgramServicesAmt079037
IRS990/DepreciationDepletionGrp/TotalAmt079037
IRS990/Desc0The issuance of basic property insurance and home property insurance policies is the sole business related activity of the association. Generally, the policies are issued for high-risk insurers. Member property insurance companies participate collectively through their mandatory membership in the association. Assessments, paid to the association by member companies, are covered through adjustments to the rates for the voluntary market. The total expense incurred in the year 2013 is 23,643,810.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt058
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EscrowAccountLiabilityGrp/BOYAmt02876
IRS990/EscrowAccountLiabilityGrp/EOYAmt01113
IRS990/ExpenseAmt023643810
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt0239506
IRS990/FeesForServicesAccountingGrp/TotalAmt0239506
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt09262
IRS990/FeesForServicesLegalGrp/TotalAmt09262
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt031110
IRS990/FeesForServicesOtherGrp/TotalAmt031110
IRS990/FeesForSrvcInvstMgmntFeesGrp/ProgramServicesAmt035749
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt035749
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt8000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt9000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt10000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt13000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt14000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt15000.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt16000.50
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/PersonNm0Linda Maar
IRS990/Form990PartVIISectionAGrp/PersonNm1Donald Simon
IRS990/Form990PartVIISectionAGrp/PersonNm2Michael Bockrath
IRS990/Form990PartVIISectionAGrp/PersonNm3Lorray Brown
IRS990/Form990PartVIISectionAGrp/PersonNm4Joseph Lupa
IRS990/Form990PartVIISectionAGrp/PersonNm5F Robert Woudstra
IRS990/Form990PartVIISectionAGrp/PersonNm6Amy Mass
IRS990/Form990PartVIISectionAGrp/PersonNm7Christopher Cleveland
IRS990/Form990PartVIISectionAGrp/PersonNm8Jon Hart
IRS990/Form990PartVIISectionAGrp/PersonNm9Richard Robertson
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael McCright
IRS990/Form990PartVIISectionAGrp/PersonNm11Mark Garavalia
IRS990/Form990PartVIISectionAGrp/PersonNm12Solon Phillips
IRS990/Form990PartVIISectionAGrp/PersonNm13David Walker
IRS990/Form990PartVIISectionAGrp/PersonNm14Jami Kelly
IRS990/Form990PartVIISectionAGrp/PersonNm15Leroy Bostic
IRS990/Form990PartVIISectionAGrp/PersonNm16Muddasar Tawakkul
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt3300
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt4750
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt5600
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt9900
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt121200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt13450
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt151500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt161650
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/TitleTxt0Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt1Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt2Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt3Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt4Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt8Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt9Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt10Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt11Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt12Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt13Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt14Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt15Board of Governors
IRS990/Form990PartVIISectionAGrp/TitleTxt16Board of Governors
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01968
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0168550
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0168550
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0105530
IRS990/GrossReceiptsAmt028366999
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt017
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0890688
IRS990/InformationTechnologyGrp/TotalAmt0890688
IRS990/InsuranceGrp/ProgramServicesAmt076836
IRS990/InsuranceGrp/TotalAmt076836
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0613533
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0613533
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt025918428
IRS990/InvestmentsPubTradedSecGrp/EOYAmt029259910
IRS990/IRPDocumentCnt0471
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03201274
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07409404
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07257995
IRS990/LandBldgEquipCostOrOtherBssAmt010459269
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0105530
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The mission of Michgain 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02042994
IRS990/NetAssetsOrFundBalancesEOYAmt016437864
IRS990/NetUnrlzdGainsLossesInvstAmt0958419
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0747406
IRS990/OccupancyGrp/TotalAmt0747406
IRS990/OfficeExpensesGrp/ProgramServicesAmt0289566
IRS990/OfficeExpensesGrp/TotalAmt0289566
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01661
IRS990/OtherAssetsTotalGrp/EOYAmt0730
IRS990/OtherChangesInNetAssetsAmt08823439
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt02860172
IRS990/OtherEmployeeBenefitsGrp/TotalAmt02860172
IRS990/OtherExpensesGrp/Desc0Incurred Losses
IRS990/OtherExpensesGrp/Desc1Loss Adjustment Expense
IRS990/OtherExpensesGrp/Desc2Commissions
IRS990/OtherExpensesGrp/Desc3Inspections
IRS990/OtherExpensesGrp/ProgramServicesAmt010047114
IRS990/OtherExpensesGrp/ProgramServicesAmt11121608
IRS990/OtherExpensesGrp/ProgramServicesAmt22607216
IRS990/OtherExpensesGrp/ProgramServicesAmt3275963
IRS990/OtherExpensesGrp/TotalAmt010047114
IRS990/OtherExpensesGrp/TotalAmt11121608
IRS990/OtherExpensesGrp/TotalAmt22607216
IRS990/OtherExpensesGrp/TotalAmt3275963
IRS990/OtherLiabilitiesGrp/BOYAmt036287187
IRS990/OtherLiabilitiesGrp/EOYAmt025962736
IRS990/OtherRevenueMiscGrp/Desc0Agent/Premium Balance Recovered
IRS990/OtherRevenueMiscGrp/ExclusionAmt03265
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03265
IRS990/OtherRevenueTotalAmt0-242204
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03683355
IRS990/OtherSalariesAndWagesGrp/TotalAmt03683355
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0276457
IRS990/PayrollTaxesGrp/TotalAmt0276457
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt082191
IRS990/PensionPlanContributionsGrp/TotalAmt082191
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Robert Hoffman
IRS990/PriorPeriodAdjustmentsAmt0-4647
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/Desc0Premiums Earned Finance Charges
IRS990/ProgramServiceRevenueGrp/ExclusionAmt027890140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt027890140
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0180100
IRS990/PYInvestmentIncomeAmt01001787
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt020066859
IRS990/PYOtherRevenueAmt0-339232
IRS990/PYProgramServiceRevenueAmt029616217
IRS990/PYRevenuesLessExpensesAmt03008287
IRS990/PYSalariesCompEmpBnftPaidAmt07023526
IRS990/PYTotalExpensesAmt027270485
IRS990/PYTotalRevenueAmt030278772
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt04617659
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt02042994
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt016437864
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02646748
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01202850
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05646646
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02364685
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt08011331
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01510554
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01510554
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0100795
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0836590
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0937384
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt013551610
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1379435
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt21007988
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt34197536
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41263000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt55563167
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Unearned Premium
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Advance Premium
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Oustanding Checks to be Escheated
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc4Loss Reserve
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc5LAE Reserve
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc6Unapplied Cash
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc7Underwriting Accrual
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Michigan Basic Property Insurance Association collects and redistributes money received from employees for charity and money received from employees or former employees for benefits. The association also collects and redistributes the portion of premium that is payable as commission earned by the insurance agents.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0IV 2b
IRS990ScheduleD/TotalBookValueLandBuildingsAmt07257995
IRS990ScheduleD/TotalLiabilityAmt025962736
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0117250
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c4
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Operating Account
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General Operating Account
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine10Michigan Arson Prevention Committee
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine11National Crime Bureau Services
IRS990ScheduleI/RecipientTable/RecipientEIN0382623605
IRS990ScheduleI/RecipientTable/RecipientEIN1201193507
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1014111 Middlebelt
IRS990ScheduleI/RecipientTable/USAddress/AddressLine111111 E Touhy Ave Ste 400
IRS990ScheduleI/RecipientTable/USAddress/City0Livonia

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$42,744,445
Liabilities
$26,306,581
Net assets
$16,437,864
Revenue
$28,261,469
Expenses
$23,643,810
Net income
$4,617,659
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