NonprofitsMichigan Basic Property Insurance Association

Michigan Basic Property Insurance Association

FARMINGTN HLS, MI

Total revenue

$13.4M

Total expenses

$10.9M

Net assets

$5.3M

Grants received

EIN

381956049

Tax year

2024

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.

Financials

FY 2024

Revenue

Contributions & grants
Program service revenue$12.9M
Investment income$519K
Other revenue$4K
Total revenue$13.4M

Expenses

Grants paid$6K
Salaries & benefits$2.4M
Fundraising
Other expenses$8.4M
Total expenses$10.9M
Total assets$19.8M
Net assets$5.3M

People

17 listed

NameRoleCompensation

Muddasar Tawakkul

Board of Governors

Board

$2K

0.5 hrs/wk

Leroy Bostic

Board of Governors

Board

$2K

0.5 hrs/wk

Solon Phillips

Board of Governors

Board

$2K

0.5 hrs/wk

David Field

Board of Governors

Board

$1K

0.5 hrs/wk

Steve Rock

Board of Governors

Board

$1K

0.5 hrs/wk

Michael C Levine

Board of Governors

Board

$600

0.5 hrs/wk

Eugene Hawkins III

Board of Governors

Board

$150

0.5 hrs/wk

Michael Wykes

Board of Governors

Board

0.5 hrs/wk

Timothy Dillahunt

Board of Governors

Board

0.5 hrs/wk

Janie Hathaway

Board of Governors

Board

0.5 hrs/wk

Matthew Hillborg

Board of Governors

Board

0.5 hrs/wk

Randy McKee

Board of Governors

Board

0.5 hrs/wk

Christopher Cleveland

Board of Governors

Board

0.5 hrs/wk

Erin Fowle

Board of Governors

Board

0.5 hrs/wk

Nathan Powell

Board of Governors

Board

0.5 hrs/wk

Linda Maar

Board of Governors

Board

0.5 hrs/wk

Kacey Diede

Board of Governors

Board

0.5 hrs/wk

Details

EIN381956049
Subsection06
Ruling date1970-02
Formed1968
Employees22
Volunteers0
MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION — Mission, Financials & Grants Received | Grantivo