Civic Intelligence

Michigan Basic Property Insurance Association

990 • Fiscal year 2015 • EIN 38-1956049

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 27, 2016

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

65th percentile

0.49x

Higher debt load relative to assets than 65% of similar nonprofits.

2015 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2015

Liabilities / Revenue

84th percentile

1.04x

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

2015 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2015

Net Margin

88th percentile

27%

Higher net margin than 88% of similar nonprofits.

2015 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2015

Top Officer Pay

5th percentile

$1,800

Higher top officer pay than 5% of similar nonprofits.

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

2015 filings • 501(c)6 • $25M-$50M nonprofits • Source year 2015

Asset Growth

61st percentile

5.1%

Faster asset growth than 61% of similar nonprofits.

2015 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Revenue Growth

12th percentile

-13%

Faster revenue growth than 12% of similar nonprofits.

2015 filings • 501(c)6 • $25M-$50M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets65th percentile

Assets

Up

$49,489,075

Up $2,398,267 (+5.1%) from 2014

Net Assets

Up

$25,284,088

Up $5,469,500 (+28%) from 2014

Liabilities

Down

$24,204,987

Down $3,071,233 (-11%) from 2014

Revenue And Expenses
Liabilities / Revenue84th percentileNet Margin88th percentile

Revenue

Down

$23,282,000

Down $3,481,688 (-13%) from 2014

Expenses

Down

$17,032,074

Down $2,623,050 (-13%) from 2014

Net Income

Down

$6,249,926

Down $858,638 (-12%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth61st 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

2015

Assets$49,489,075
Liabilities$24,204,987
Net Assets$25,284,088
Open 2015 Filing

Operations Trend

Revenue Growth12th 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

2015

Revenue$23,282,000
Expenses$17,032,074
Net Income$6,249,926
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 27, 2016
Return Version
2015v2.1
Gross Receipts
$24,205,751
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$35,711,909$37,856,573▲ $2,144,664
Rtn Earn Endowment Incm Other Fnds$19,814,588$25,284,088▲ $5,469,500
Land, Buildings, and Equipment, Net$7,032,064$6,850,938▼ $181,126
Accounts Receivable$3,900,998$3,244,895▼ $656,103
Savings and Temporary Cash Investments$1,626,173$2,496,964▲ $870,791
Cash and Non-Interest-Bearing Accounts$-1,181,120$-989,440▲ $191,680
Total Assets$47,090,808$49,489,075▲ $2,398,267
Other Assets Total$784$29,145▲ $28,361
Liabilities
Other Liabilities$26,943,755$23,671,172▼ $3,272,583
Accounts Payable and Accrued Expenses$334,649$534,999▲ $200,350
Escrow Account Liability$-2,184$-1,184▲ $1,000
Total Liabilities$27,276,220$24,204,987▼ $3,071,233
Net Assets / Fund Balance
Total Net Assets Fund Balance$19,814,588$25,284,088▲ $5,469,500
Total Liabilities and Net Assets / Fund Balance$47,090,808$49,489,075▲ $2,398,267

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,271,324$2,773,625$8,044,949
Land$1,510,554-$1,510,554
Other Land Buildings$69,060$877,934$946,994
Compensation and Service Providers
Top Officer Pay5th percentile

Employees

NameTitleBaseTotal
Muddasar TawakkulBoard of Governors$1,800$1,800
Steve RockBoard of Governors$1,500$1,500
Leroy BosticBoard of Governors$1,350$1,350
Solon PhillipsBoard of Governors$1,200$1,200
David WalkerBoard of Governors$1,050$1,050
F Robert WoudstraBoard of Governors$1,050$1,050
David FieldBoard of Governors$600$600

Board Members and Trustees

NameTitle
Amy MassBoard of Governors
Christopher ClevelandBoard of Governors
Donald SimonBoard of Governors
Jami KellyBoard of Governors
Janie HathawayBoard of Governors
Katie Ann JonesBoard of Governors
Linda MaarBoard of Governors
Lisa HicksBoard of Governors
Michael BockrathBoard of Governors
Michael McCrightBoard of Governors

Highest Paid Contractors

ContractorServicesLocationCompensation
Klemanski & Associates IncLegal ServicesPO BOX 510123, Livonia, MI 48151-6123$186,359
Melamed Dailey & Milanowski PCLegal Services26611 Woodward, Huntington Woods, MI 48070$144,600
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$22,602,593
Investment Income
$873,859
Other Revenue
$-194,452
Change in Net Assets
$6,249,926
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$12,908,075
Salaries, Compensation, and Employee Benefits$3,960,149
Grants and Similar Amounts Paid$163,850
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,063,800--$3,063,800
Information Technology$729,681--$729,681
Occupancy$724,824--$724,824
Other Employee Benefits$586,322--$586,322
Fees for Services Accounting$473,646--$473,646
Other Expenses$291,523--$291,523
Office Expenses$247,532--$247,532
Payroll Taxes$234,428--$234,428
Grants to Domestic Orgs$163,850--$163,850
Pension Plan Contributions$67,049--$67,049
Depreciation Depletion$57,132--$57,132
Fees for Service Investment Mgmnt Fees$46,927--$46,927
Travel$41,908--$41,908
All Other Expenses$35,375--$35,375
Insurance$33,490--$33,490
Fees for Services Other$23,225--$23,225
Fees for Services Legal$18,187--$18,187
Conferences and Meetings$16,310--$16,310
Current Officers, Directors, Trustees, and Key Employees$8,550--$8,550
Advertising$2,040--$2,040
Total Functional Expenses$17,032,074$0$0$17,032,074
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Michigan Arson Prevention CommitteeLivonia, MI501c4General Operating Account$112,500
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$10,466,729
LAE Reserve$7,751,449
Oustanding Checks to be Escheated$3,803,541
Loss Reserve$1,002,000
Unearned Premium$327,430
Advance Premium$320,023
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 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
2016-07-27
Discuss with paid preparer
No

Organization Details

Principal Officer
Robert Hoffman
Formed
1968
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
17
Employees
44
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 143,399 and change in non-admitted assets 28,897.”

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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IRS990/Form990PartVIISectionAGrp/PersonNm4Steve Rock
IRS990/Form990PartVIISectionAGrp/PersonNm5F Robert Woudstra
IRS990/Form990PartVIISectionAGrp/PersonNm6David Walker
IRS990/Form990PartVIISectionAGrp/PersonNm7Jami Kelly
IRS990/Form990PartVIISectionAGrp/PersonNm8Michael McCright
IRS990/Form990PartVIISectionAGrp/PersonNm9Janie Hathaway
IRS990/Form990PartVIISectionAGrp/PersonNm10Lisa Hicks
IRS990/Form990PartVIISectionAGrp/PersonNm11Leroy Bostic
IRS990/Form990PartVIISectionAGrp/PersonNm12Michael Bockrath
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IRS990/Form990PartVIISectionAGrp/PersonNm16David Field
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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/GainOrLossGrp/OtherAmt0360
IRS990/GainOrLossGrp/SecuritiesAmt081938
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0163850
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0163850
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IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossAmountSalesAssetsGrp/OtherAmt01428
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt01004621
IRS990/GrossReceiptsAmt024205751
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt017
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt0729681
IRS990/InformationTechnologyGrp/TotalAmt0729681
IRS990/InsuranceGrp/ProgramServicesAmt033490
IRS990/InsuranceGrp/TotalAmt033490
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt0791561
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0791561
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt035711909
IRS990/InvestmentsPubTradedSecGrp/EOYAmt037856573
IRS990/IRPDocumentCnt0409
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt03651559
IRS990/LandBldgEquipBasisNetGrp/BOYAmt07032064
IRS990/LandBldgEquipBasisNetGrp/EOYAmt06850938
IRS990/LandBldgEquipCostOrOtherBssAmt010502497
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01068
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0922683
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/NetAssetsOrFundBalancesBOYAmt019814588
IRS990/NetAssetsOrFundBalancesEOYAmt025284088
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt082298
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt082298
IRS990/NetUnrlzdGainsLossesInvstAmt0-1019191
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ProgramServicesAmt0724824
IRS990/OccupancyGrp/TotalAmt0724824
IRS990/OfficeExpensesGrp/ProgramServicesAmt0247532
IRS990/OfficeExpensesGrp/TotalAmt0247532
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrgDoesNotFollowSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0784
IRS990/OtherAssetsTotalGrp/EOYAmt029145
IRS990/OtherChangesInNetAssetsAmt0172296
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0586322
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0586322
IRS990/OtherExpensesGrp/Desc0Incurred Losses
IRS990/OtherExpensesGrp/Desc1Loss Adjustment Expense
IRS990/OtherExpensesGrp/Desc2Commissions
IRS990/OtherExpensesGrp/Desc3Inspections
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IRS990/OtherExpensesGrp/ProgramServicesAmt1756060
IRS990/OtherExpensesGrp/ProgramServicesAmt22048773
IRS990/OtherExpensesGrp/ProgramServicesAmt3291523
IRS990/OtherExpensesGrp/TotalAmt07361442
IRS990/OtherExpensesGrp/TotalAmt1756060
IRS990/OtherExpensesGrp/TotalAmt22048773
IRS990/OtherExpensesGrp/TotalAmt3291523
IRS990/OtherLiabilitiesGrp/BOYAmt026943755
IRS990/OtherLiabilitiesGrp/EOYAmt023671172
IRS990/OtherRevenueMiscGrp/Desc0Agent/Premium Balance Recovered
IRS990/OtherRevenueMiscGrp/ExclusionAmt02088
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02088
IRS990/OtherRevenueTotalAmt0-194452
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03063800
IRS990/OtherSalariesAndWagesGrp/TotalAmt03063800
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0234428
IRS990/PayrollTaxesGrp/TotalAmt0234428
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt067049
IRS990/PensionPlanContributionsGrp/TotalAmt067049
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0Robert Hoffman
IRS990/PriorPeriodAdjustmentsAmt066469
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0525100
IRS990/ProgramServiceRevenueGrp/Desc0Premiums Earned Finance Charges
IRS990/ProgramServiceRevenueGrp/ExclusionAmt022602593
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt022602593
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt0171800
IRS990/PYInvestmentIncomeAmt01222807
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt015939009
IRS990/PYOtherRevenueAmt0-265433
IRS990/PYProgramServiceRevenueAmt025806314
IRS990/PYRevenuesLessExpensesAmt07108564
IRS990/PYSalariesCompEmpBnftPaidAmt03544315
IRS990/PYTotalExpensesAmt019655124
IRS990/PYTotalRevenueAmt026763688
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt06249926
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt019814588
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt025284088
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01626173
IRS990/SavingsAndTempCashInvstGrp/EOYAmt02496964
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt05271324
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IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt01510554
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01510554
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt069060
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0877934
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0946994
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010466729
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1327430
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2320023
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt33803541
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt41002000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt57751449
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/TotalBookValueLandBuildingsAmt06850938
IRS990ScheduleD/TotalLiabilityAmt023671172
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt0112500
IRS990ScheduleI/RecipientTable/CashGrantAmt150000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c4
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0General Operating Account
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1General Operating Account
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Michigan Arson Prevention Committee
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1National Crime Bureau Services
IRS990ScheduleI/RecipientTable/RecipientEIN0382623605
IRS990ScheduleI/RecipientTable/RecipientEIN1201193507
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt014111 Middlebelt
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11111 E Touchy Ave Ste 400
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Livonia
IRS990ScheduleI/RecipientTable/USAddress/CityNm1Des Plaines

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$49,489,075
Liabilities
$24,204,987
Net assets
$25,284,088
Revenue
$23,282,000
Expenses
$17,032,074
Net income
$6,249,926
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
2015Detailed filing. Detailed filing data is available for this year.$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