Overview

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Est.

1968

Fiscal Year Start

Jan 1

Organization Type

Grantseeker

AI Summary

The Michigan Basic Property Insurance Association (EIN: 38-1956049) is dedicated to providing efficient and courteous service in the insurance sector while being mindful of environmental concerns. With an operating budget of $10.9 million and total revenue of $13.4 million for the 2024 filing year, the organization emphasizes teamwork, creativity, and community needs in its mission. More information can be found on their website at www.mpbia.com.

Mission Statement

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.
Revenues
$13.4M
Expenses
$10.9M
Net Income:
+$2.6M
Assets
$19.8M
Liabilities
$14.5M
Net Assets:
+$5.3M
Operating Budget
$10.9M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Not in Pub 78 list
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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M
Muddasar Tawakkul
Board Member
L
Leroy Bostic
Board Member
S
Solon Phillips
Board Member

Frequently Asked Questions

What is Michigan Basic Property Insurance Association’s budget?
In 2024, Michigan Basic Property Insurance Association reported an annual operating budget of around $10.9 million. More detailed financial information is available to registered users.
What causes does Michigan Basic Property Insurance Association support?
Michigan Basic Property Insurance Association supports work in Environment and Insurance.
Where does Michigan Basic Property Insurance Association operate?
Michigan Basic Property Insurance Association is headquartered in Farmington Hills, MI.