1. Directory
  2. Michigan
  3. Farmington Hills
  4. Michigan Basic Property Insurance Association
EIN 38-1956049

Michigan Basic Property Insurance Association

IRS 501(c) type
501(c)(6)
Num. employees
22
City
Farmington Hills
State
Michigan
Year formed
1968
Most recent tax filings
2023-12-01
NTEE code, primary
Y20: Insurance Providers, Services
Description
The Michigan Basic Property Insurance Association provides prompt courteous and efficient service to customers while utilizing resources effectively. Their sole business activity is issuing basic and home property insurance policies for high-risk insurers, with member companies participating collectively.
Total revenues
$11,845,327
2023
Total expenses
$11,173,758
2023
Total assets
$15,762,775
2023
Num. employees
22
2023

Program areas at Michigan Basic Property Insurance Association

The 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. Assessment paid to the association by member companies are covered through adjustments to the rates for the voluntary market.

Grants made by Michigan Basic Property Insurance Association

GranteeGrant descriptionAmount
Detroit Crime CommissionReward Program$13,000

Personnel at Michigan Basic Property Insurance Association

NameTitle
Michelle MooradianOperations Manager / Manager of Accounting
Rachael YoesFinancial and Information Services Manager

Financials for Michigan Basic Property Insurance Association

RevenuesFYE 12/2023
Total grants, contributions, etc.$0
Program services$11,110,385
Investment income and dividends$427,816
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$306,572
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$554
Total revenues$11,845,327

Form 990s for Michigan Basic Property Insurance Association

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-13990View PDF
2022-122023-05-12990View PDF
2021-122022-05-12990View PDF
2020-122021-05-13990View PDF
2019-122021-06-07990View PDF
...and 11 more Form 990s
Data update history
July 30, 2024
Used new vendors
Identified 1 new vendor, including
July 21, 2024
Updated personnel
Identified 3 new personnel
July 15, 2024
Posted financials
Added Form 990 for fiscal year 2023
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 7, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
Mutual assistance organizationsInsurance companiesEnvironmental organizations
Issues
No issues found
Characteristics
State / local level
General information
Address
27555 Farmington Rd Suite 315
Farmington Hills, MI 48334
Metro area
Detroit-Warren-Dearborn, MI
County
Oakland County, MI
Website URL
mbpia.com/ 
Phone
(313) 877-7400
IRS details
EIN
38-1956049
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1968
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
Y20: Insurance Providers, Services
NAICS code, primary
524126: Direct Property and Casualty Insurance Carriers
Parent/child status
Independent
Free account sign-up

Want updates when Michigan Basic Property Insurance Association has new information, or want to find more organizations like Michigan Basic Property Insurance Association?

Create free Cause IQ account
Cause IQ is a website that helps companies grow, maintain, and serve their nonprofit clients, and helps nonprofits find additional foundation funding. Our data and tools help professionals prospect for nonprofits, research opportunities, benchmark their clients, and enrich existing information.
Nonprofits
Product
Customers
About

© 2024 Nonprofit Metrics LLC
Terms of Service and Privacy Policy