Civic Intelligence

Michigan Basic Property Insurance Association

990 • Fiscal year 2014 • EIN 38-1956049

Jan 01, 2014 to Dec 31, 2014 • Filed on Apr 28, 2015

Organization Profilewww.mbpia.com

View Organization Page

3245 East JeffersonDetroit, MI 48207-4222

(313) 877-7400

Siviq Scores

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

Liabilities / Assets

77th percentile

0.58x

Higher debt load relative to assets than 77% of similar nonprofits.

2014 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

84th percentile

1.02x

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

2014 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2014

Net Margin

90th percentile

27%

Higher net margin than 90% of similar nonprofits.

2014 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

4th percentile

$1,950

Higher top officer pay than 4% of similar nonprofits.

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

2014 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2014

Asset Growth

72nd percentile

10%

Faster asset growth than 72% of similar nonprofits.

2014 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

17th percentile

-5.3%

Faster revenue growth than 17% of similar nonprofits.

2014 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets77th percentile

Assets

Up

$47,090,808

Up $4,346,363 (+10%) from 2013

Net Assets

Up

$19,814,588

Up $3,376,724 (+21%) from 2013

Liabilities

Up

$27,276,220

Up $969,639 (+3.7%) from 2013

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin90th percentile

Revenue

Down

$26,763,688

Down $1,497,781 (-5.3%) from 2013

Expenses

Down

$19,655,124

Down $3,988,686 (-17%) from 2013

Net Income

Up

$7,108,564

Up $2,490,905 (+54%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth72nd 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

2014

Assets$47,090,808
Liabilities$27,276,220
Net Assets$19,814,588
Open 2014 Filing

Operations Trend

Revenue Growth17th percentile

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

2014

Revenue$26,763,688
Expenses$19,655,124
Net Income$7,108,564
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Apr 28, 2015
Return Version
2014v5.0
Gross Receipts
$35,118,436
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$29,259,910$35,711,909▲ $6,451,999
Rtn Earn Endowment Incm Other Fnds$16,437,864$19,814,588▲ $3,376,724
Land, Buildings, and Equipment, Net$7,257,995$7,032,064▼ $225,931
Accounts Receivable$4,414,364$3,900,998▼ $513,366
Savings and Temporary Cash Investments$1,202,850$1,626,173▲ $423,323
Cash and Non-Interest-Bearing Accounts$608,596$-1,181,120▼ $1,789,716
Total Assets$42,744,445$47,090,808▲ $4,346,363
Other Assets Total$730$784▲ $54
Liabilities
Other Liabilities$25,962,736$26,943,755▲ $981,019
Accounts Payable and Accrued Expenses$342,732$334,649▼ $8,083
Escrow Account Liability$1,113$-2,184▼ $3,297
Total Liabilities$26,306,581$27,276,220▲ $969,639
Net Assets / Fund Balance
Total Net Assets Fund Balance$16,437,864$19,814,588▲ $3,376,724
Total Liabilities and Net Assets / Fund Balance$42,744,445$47,090,808▲ $4,346,363

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,442,196$2,568,603$8,010,799
Land$1,510,554-$1,510,554
Other Land Buildings$79,314$871,176$950,490
Compensation and Service Providers
Top Officer Pay4th percentile

Employees

NameTitleBaseTotal
Leroy BosticBoard of Governors$1,950$1,950
Muddasar TawakkulBoard of Governors$1,500$1,500
F Robert WoudstraBoard of Governors$1,350$1,350
Solon PhillipsBoard of Governors$1,200$1,200
Steve RockBoard of Governors$1,200$1,200
David WalkerBoard of Governors$1,050$1,050
David FieldBoard of Governors$450$450
Lorray BrownBoard of Governors$150$150

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
Katie Ann JonesBoard of Governors
Linda MaarBoard of Governors
Mark GaravaliaBoard of Governors
Michael BockrathBoard of Governors
Michael McCrightBoard of Governors

Highest Paid Contractors

ContractorServicesLocationCompensation
-Claims Adjuster2108 Lone Birch Dr, Waterford, MI 48329$139,125
Great Lakes Adjusting LLCClaims Adjuster4140 Old Dominion Dr, West Bloomfield, MI 48323-2659$138,375
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$25,806,314
Investment Income
$1,222,807
Other Revenue
$-265,433
Change in Net Assets
$7,108,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$15,939,009
Salaries, Compensation, and Employee Benefits$3,544,315
Grants and Similar Amounts Paid$171,800
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,172,073--$3,172,073
Information Technology$806,770--$806,770
Occupancy$751,382--$751,382
Fees for Services Accounting$384,573--$384,573
Other Employee Benefits$382,526--$382,526
Office Expenses$279,389--$279,389
Other Expenses$263,462--$263,462
Payroll Taxes$234,667--$234,667
Grants to Domestic Orgs$171,800--$171,800
Insurance$75,737--$75,737
Depreciation Depletion$74,232--$74,232
Travel$58,956--$58,956
Fees for Service Investment Mgmnt Fees$42,090--$42,090
All Other Expenses$34,240--$34,240
Conferences and Meetings$15,557--$15,557
Fees for Services Other$13,316--$13,316
Current Officers, Directors, Trustees, and Key Employees$10,500--$10,500
Advertising$6,662--$6,662
Fees for Services Legal$5,374--$5,374
Pension Plan Contributions$-255,451--$-255,451
Total Functional Expenses$19,655,124$0$0$19,655,124
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Michigan Arson Prevention CommitteeLivonia, MI501c4General Operating Account$120,500
National Crime Bureau ServicesDes Plaines, IL501c3General 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$12,123,263
Unapplied Cash$8,411,843
Oustanding Checks to be Escheated$4,215,492
Loss Reserve$1,159,000
Advance Premium$665,769
Unearned Premium$367,462
LAE Reserve$926
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 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 and 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

Filer Name
Michigan Basic Property Insurance Association
EIN
38-1956049
Phone
3138777400
Address
3245 East Jefferson, Detroit, MI 48207-4222

Signing Officer

Name
Michelle Mooradian
Title
Manager of Accounting
Signed
2015-04-28
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert Hoffman
Formed
1968
Legal Domicile
Mi
Voting Board Members
18
Independent Board Members
18
Employees
46

Preparer

Firm
Robert Hoffman CPA
Address
24393 HERITAGE DR, WOODHAVEN, MI 48183
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 of 5,329,810 and change in non-admitted assets 1,421,807.”

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.”

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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/Form990PartVIISectionAGrp/PersonNm3Lorray Brown
IRS990/Form990PartVIISectionAGrp/PersonNm4Steve Rock
IRS990/Form990PartVIISectionAGrp/PersonNm5F Robert Woudstra
IRS990/Form990PartVIISectionAGrp/PersonNm6Amy Mass
IRS990/Form990PartVIISectionAGrp/PersonNm7Christopher Cleveland
IRS990/Form990PartVIISectionAGrp/PersonNm8Jon Hart
IRS990/Form990PartVIISectionAGrp/PersonNm9Katie Ann Jones
IRS990/Form990PartVIISectionAGrp/PersonNm10Michael McCright
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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/Form990PartVIISectionAGrp/TitleTxt17Board of Governors
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IRS990/GainOrLossGrp/SecuritiesAmt0268795
IRS990/GamingActivitiesInd0false
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IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0171800
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0171800
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt0875
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt08622783
IRS990/GrossReceiptsAmt035118436
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt018
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0806770
IRS990/InformationTechnologyGrp/TotalAmt0806770
IRS990/InsuranceGrp/ProgramServicesAmt075737
IRS990/InsuranceGrp/TotalAmt075737
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0953897
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0953897
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt029259910
IRS990/InvestmentsPubTradedSecGrp/EOYAmt035711909
IRS990/IRPDocumentCnt0426
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03439779
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07257995
IRS990/LandBldgEquipBasisNetGrp/EOYAmt07032064
IRS990/LandBldgEquipCostOrOtherBssAmt010471843
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt0760
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt08353988
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
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IRS990/NetAssetsOrFundBalancesEOYAmt019814588
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0268910
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0268910
IRS990/NetUnrlzdGainsLossesInvstAmt0168893
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0751382
IRS990/OccupancyGrp/TotalAmt0751382
IRS990/OfficeExpensesGrp/ProgramServicesAmt0279389
IRS990/OfficeExpensesGrp/TotalAmt0279389
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0730
IRS990/OtherAssetsTotalGrp/EOYAmt0784
IRS990/OtherChangesInNetAssetsAmt0-3908004
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0382526
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0382526
IRS990/OtherExpensesGrp/Desc0Incurred Losses
IRS990/OtherExpensesGrp/Desc1Loss Adjustment Expense
IRS990/OtherExpensesGrp/Desc2Commissions
IRS990/OtherExpensesGrp/Desc3Inspections
IRS990/OtherExpensesGrp/ProgramServicesAmt09919501
IRS990/OtherExpensesGrp/ProgramServicesAmt1844838
IRS990/OtherExpensesGrp/ProgramServicesAmt22362930
IRS990/OtherExpensesGrp/ProgramServicesAmt3263462
IRS990/OtherExpensesGrp/TotalAmt09919501
IRS990/OtherExpensesGrp/TotalAmt1844838
IRS990/OtherExpensesGrp/TotalAmt22362930
IRS990/OtherExpensesGrp/TotalAmt3263462
IRS990/OtherLiabilitiesGrp/BOYAmt025962736
IRS990/OtherLiabilitiesGrp/EOYAmt026943755
IRS990/OtherRevenueMiscGrp/Desc0Agent/Premium Balance Recovered
IRS990/OtherRevenueMiscGrp/ExclusionAmt03099
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt03099
IRS990/OtherRevenueTotalAmt0-265433
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03172073
IRS990/OtherSalariesAndWagesGrp/TotalAmt03172073
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0234667
IRS990/PayrollTaxesGrp/TotalAmt0234667
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0-255451
IRS990/PensionPlanContributionsGrp/TotalAmt0-255451
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Robert Hoffman
IRS990/PriorPeriodAdjustmentsAmt07271
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/Desc0Premiums Earned Finance Charges
IRS990/ProgramServiceRevenueGrp/ExclusionAmt025806314
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt025806314
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0168550
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IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt016564685
IRS990/PYOtherRevenueAmt0-242204
IRS990/PYProgramServiceRevenueAmt027890140
IRS990/PYRevenuesLessExpensesAmt04617659
IRS990/PYSalariesCompEmpBnftPaidAmt06910575
IRS990/PYTotalExpensesAmt023643810
IRS990/PYTotalRevenueAmt028261469
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt07108564
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/ReportLandBuildingEquipmentInd0true
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IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01510554
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt079314
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0871176
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0950490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt012123263
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1367462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2665769
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt34215492
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41159000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt5926
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt68411843
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
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IRS990ScheduleD/TotalLiabilityAmt026943755
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0120500
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c4
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Operating Account
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General Operating Account

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$47,090,808
Liabilities
$27,276,220
Net assets
$19,814,588
Revenue
$26,763,688
Expenses
$19,655,124
Net income
$7,108,564
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
2014Detailed filing. Detailed filing data is available for this year.$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