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Employer Identification Number 38-1956049

MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION is a USA domiciled entity or foreign entity operating in the USA. The EIN ihas been issued by the IRS

Company Name:MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION
Employer identification number (EIN):38-1956049
EIN Issuing AuthorityCincinnati, OH
NAIC Classification:525100
NAIC Description: Insurance and Employee Benefit Funds
401k Pension/Benefits registration MICHIGAN BASIC PROPERTY INSURANCE ASSOCIATION 401k plan information
Federal tax statusExempt from federal income tax. Registered as a non-profit under 501(c)(3) Title 26 of the United States Code

Organization Overview

Mission StatementThe 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.
Number of Employees37
Number of Volunteers0
Year Formed1968

Organization Governance

Legal DomicileMI
Voting Members - Governing Body18
Voting Members - Independent18

Organization Financials

2023-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 10,433,650
Program Service Revenue from current yearUSD $ 11,110,385
Investment Income from prior yearUSD $ 2,196,256
Investment Income from current yearUSD $ 734,388
Other Revenue from prior yearUSD $ 2,710
Other Revenue from current yearUSD $ 554
Gross receipts from all sourcesUSD $ 20,455,341
Net assets / fund balances at end of fiscal yearUSD $ 2,999,891
Net assets / fund balances at beginning of fiscal yearUSD $ 2,466,693
Total liabilities at end of fiscal yearUSD $ 12,762,884
Total liabilities at beginning of fiscal yearUSD $ 14,106,627
Total assets at end of fiscal yearUSD $ 15,762,775
Total assets at beginning of fiscal yearUSD $ 16,573,320
Revenues less expenses for current yearUSD $ 671,569
Revenues less expenses for previous yearUSD $ 1,734,043
Total expenses for current yearUSD $ 11,173,758
Total expenses for previous yearUSD $ 10,898,573
Other expenses in current yearUSD $ 8,849,441
Other expenses in previous yearUSD $ 8,262,334
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,318,825
Employee salary and benefits paid in previous yearUSD $ 2,620,839
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 5,492
Grants and similar amounts paid in previous yearUSD $ 15,400
Total revenue in current fiscal yearUSD $ 11,845,327
Total revenue in previous fiscal yearUSD $ 12,632,616
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Revenue from membership duesUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 554
2022-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 11,110,974
Program Service Revenue from current yearUSD $ 10,433,650
Investment Income from prior yearUSD $ 3,153,323
Investment Income from current yearUSD $ 2,196,256
Other Revenue from prior yearUSD $ 6,605
Other Revenue from current yearUSD $ 2,710
Gross receipts from all sourcesUSD $ 21,115,020
Net assets / fund balances at end of fiscal yearUSD $ 2,466,693
Net assets / fund balances at beginning of fiscal yearUSD $ 11,546,712
Total liabilities at end of fiscal yearUSD $ 14,106,627
Total liabilities at beginning of fiscal yearUSD $ 13,666,769
Total assets at end of fiscal yearUSD $ 16,573,320
Total assets at beginning of fiscal yearUSD $ 25,213,481
Revenues less expenses for current yearUSD $ 1,734,043
Revenues less expenses for previous yearUSD $ 3,945,367
Total expenses for current yearUSD $ 10,898,573
Total expenses for previous yearUSD $ 10,325,535
Other expenses in current yearUSD $ 8,262,334
Other expenses in previous yearUSD $ 7,141,230
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 2,620,839
Employee salary and benefits paid in previous yearUSD $ 3,176,271
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 15,400
Grants and similar amounts paid in previous yearUSD $ 8,034
Total revenue in current fiscal yearUSD $ 12,632,616
Total revenue in previous fiscal yearUSD $ 14,270,902
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Revenue from membership duesUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 2,710
2021-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 11,606,046
Program Service Revenue from current yearUSD $ 11,110,974
Investment Income from prior yearUSD $ 4,335,031
Investment Income from current yearUSD $ 3,153,323
Other Revenue from prior yearUSD $ 1,077
Other Revenue from current yearUSD $ 6,605
Gross receipts from all sourcesUSD $ 24,527,529
Net assets / fund balances at end of fiscal yearUSD $ 11,546,712
Net assets / fund balances at beginning of fiscal yearUSD $ 21,047,932
Total liabilities at end of fiscal yearUSD $ 13,666,769
Total liabilities at beginning of fiscal yearUSD $ 15,430,415
Total assets at end of fiscal yearUSD $ 25,213,481
Total assets at beginning of fiscal yearUSD $ 36,478,347
Revenues less expenses for current yearUSD $ 3,945,367
Revenues less expenses for previous yearUSD $ 5,063,388
Total expenses for current yearUSD $ 10,325,535
Total expenses for previous yearUSD $ 10,878,766
Other expenses in current yearUSD $ 7,141,230
Other expenses in previous yearUSD $ 7,543,285
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,176,271
Employee salary and benefits paid in previous yearUSD $ 3,324,881
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 8,034
Grants and similar amounts paid in previous yearUSD $ 10,600
Total revenue in current fiscal yearUSD $ 14,270,902
Total revenue in previous fiscal yearUSD $ 15,942,154
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Revenue from membership duesUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 6,605
2020-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 12,631,114
Program Service Revenue from current yearUSD $ 11,606,046
Investment Income from prior yearUSD $ 2,824,771
Investment Income from current yearUSD $ 4,335,031
Other Revenue from prior yearUSD $ 2,922
Other Revenue from current yearUSD $ 1,077
Gross receipts from all sourcesUSD $ 33,027,920
Net assets / fund balances at end of fiscal yearUSD $ 21,047,932
Net assets / fund balances at beginning of fiscal yearUSD $ 37,860,297
Total liabilities at end of fiscal yearUSD $ 15,430,415
Total liabilities at beginning of fiscal yearUSD $ 16,404,856
Total assets at end of fiscal yearUSD $ 36,478,347
Total assets at beginning of fiscal yearUSD $ 54,265,153
Revenues less expenses for current yearUSD $ 5,063,388
Revenues less expenses for previous yearUSD $ 2,154,820
Total expenses for current yearUSD $ 10,878,766
Total expenses for previous yearUSD $ 13,303,987
Other expenses in current yearUSD $ 7,543,285
Other expenses in previous yearUSD $ 9,906,143
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,324,881
Employee salary and benefits paid in previous yearUSD $ 3,389,481
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 10,600
Grants and similar amounts paid in previous yearUSD $ 8,363
Total revenue in current fiscal yearUSD $ 15,942,154
Total revenue in previous fiscal yearUSD $ 15,458,807
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Cost of goods soldUSD $ 0
Revenue from membership duesUSD $ 0
Gross income from gamingUSD $ 0
Gross sales of inventory assetsUSD $ 0
Total of other revenueUSD $ 1,077
2019-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 14,292,439
Program Service Revenue from current yearUSD $ 12,631,114
Investment Income from prior yearUSD $ 1,338,153
Investment Income from current yearUSD $ 2,824,771
Other Revenue from prior yearUSD $ 2,432
Other Revenue from current yearUSD $ 2,922
Gross receipts from all sourcesUSD $ 19,943,375
Net assets / fund balances at end of fiscal yearUSD $ 37,860,297
Net assets / fund balances at beginning of fiscal yearUSD $ 32,963,924
Total liabilities at end of fiscal yearUSD $ 16,404,856
Total liabilities at beginning of fiscal yearUSD $ 16,231,877
Total assets at end of fiscal yearUSD $ 54,265,153
Total assets at beginning of fiscal yearUSD $ 49,195,801
Revenues less expenses for current yearUSD $ 2,154,820
Revenues less expenses for previous yearUSD $ -5,059,899
Total expenses for current yearUSD $ 13,303,987
Total expenses for previous yearUSD $ 20,692,923
Other expenses in current yearUSD $ 9,906,143
Other expenses in previous yearUSD $ 17,508,784
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,389,481
Employee salary and benefits paid in previous yearUSD $ 3,161,354
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 8,363
Grants and similar amounts paid in previous yearUSD $ 22,785
Total revenue in current fiscal yearUSD $ 15,458,807
Total revenue in previous fiscal yearUSD $ 15,633,024
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Revenue from membership duesUSD $ 0
Gross income from gamingUSD $ 0
Total of other revenueUSD $ 2,922
2018-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 17,102,228
Program Service Revenue from current yearUSD $ 14,292,439
Investment Income from prior yearUSD $ 1,212,344
Investment Income from current yearUSD $ 1,338,153
Other Revenue from prior yearUSD $ 3,858
Other Revenue from current yearUSD $ 2,432
Gross receipts from all sourcesUSD $ 21,440,613
Net assets / fund balances at end of fiscal yearUSD $ 32,963,924
Net assets / fund balances at beginning of fiscal yearUSD $ 35,124,082
Total liabilities at end of fiscal yearUSD $ 16,231,877
Total liabilities at beginning of fiscal yearUSD $ 19,396,595
Total assets at end of fiscal yearUSD $ 49,195,801
Total assets at beginning of fiscal yearUSD $ 54,520,677
Revenues less expenses for current yearUSD $ -5,059,899
Revenues less expenses for previous yearUSD $ 5,026,576
Total expenses for current yearUSD $ 20,692,923
Total expenses for previous yearUSD $ 13,291,854
Other expenses in current yearUSD $ 17,508,784
Other expenses in previous yearUSD $ 10,078,312
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,161,354
Employee salary and benefits paid in previous yearUSD $ 3,136,542
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 22,785
Grants and similar amounts paid in previous yearUSD $ 77,000
Total revenue in current fiscal yearUSD $ 15,633,024
Total revenue in previous fiscal yearUSD $ 18,318,430
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Revenue from membership duesUSD $ 0
Gross income from gamingUSD $ 0
Total of other revenueUSD $ 2,432
2017-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 19,826,507
Program Service Revenue from current yearUSD $ 17,102,228
Investment Income from prior yearUSD $ 859,834
Investment Income from current yearUSD $ 1,212,344
Other Revenue from prior yearUSD $ 4,529
Other Revenue from current yearUSD $ 3,858
Gross receipts from all sourcesUSD $ 19,048,158
Net assets / fund balances at end of fiscal yearUSD $ 35,124,082
Net assets / fund balances at beginning of fiscal yearUSD $ 28,008,380
Total liabilities at end of fiscal yearUSD $ 19,396,595
Total liabilities at beginning of fiscal yearUSD $ 22,561,207
Total assets at end of fiscal yearUSD $ 54,520,677
Total assets at beginning of fiscal yearUSD $ 50,569,587
Revenues less expenses for current yearUSD $ 5,026,576
Revenues less expenses for previous yearUSD $ 2,410,427
Total expenses for current yearUSD $ 13,291,854
Total expenses for previous yearUSD $ 18,280,443
Other expenses in current yearUSD $ 10,078,312
Other expenses in previous yearUSD $ 14,768,568
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,136,542
Employee salary and benefits paid in previous yearUSD $ 3,372,614
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 77,000
Grants and similar amounts paid in previous yearUSD $ 139,261
Total revenue in current fiscal yearUSD $ 18,318,430
Total revenue in previous fiscal yearUSD $ 20,690,870
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Revenue from membership duesUSD $ 0
Gross income from gamingUSD $ 0
Total of other revenueUSD $ 3,858
2016-12-31
Total unrelated business incomeUSD $ 0
Net unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 22,602,593
Program Service Revenue from current yearUSD $ 19,826,507
Investment Income from prior yearUSD $ 873,859
Investment Income from current yearUSD $ 859,834
Other Revenue from prior yearUSD $ -194,452
Other Revenue from current yearUSD $ 4,529
Gross receipts from all sourcesUSD $ 20,690,898
Net assets / fund balances at end of fiscal yearUSD $ 28,008,380
Net assets / fund balances at beginning of fiscal yearUSD $ 25,284,088
Total liabilities at end of fiscal yearUSD $ 22,561,207
Total liabilities at beginning of fiscal yearUSD $ 24,204,987
Total assets at end of fiscal yearUSD $ 50,569,587
Total assets at beginning of fiscal yearUSD $ 49,489,075
Revenues less expenses for current yearUSD $ 2,410,427
Revenues less expenses for previous yearUSD $ 6,249,926
Total expenses for current yearUSD $ 18,280,443
Total expenses for previous yearUSD $ 17,032,074
Other expenses in current yearUSD $ 14,768,568
Other expenses in previous yearUSD $ 12,908,075
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Professional fundraising fees from previous yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,372,614
Employee salary and benefits paid in previous yearUSD $ 3,960,149
Benefits paid to or for members in current yearUSD $ 0
Benefits paid to or for members in previous yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 139,261
Grants and similar amounts paid in previous yearUSD $ 163,850
Total revenue in current fiscal yearUSD $ 20,690,870
Total revenue in previous fiscal yearUSD $ 23,282,000
Contributions and grants from current yearUSD $ 0
Contributions and grants from previous yearUSD $ 0
Gross income from fundraising eventsUSD $ 0
Revenue from membership duesUSD $ 0
Gross income from gamingUSD $ 0
Total of other revenueUSD $ 4,529
2015-12-31
Total unrelated business incomeUSD $ 0
Program Service Revenue from prior yearUSD $ 25,806,314
Program Service Revenue from current yearUSD $ 22,602,593
Investment Income from prior yearUSD $ 1,222,807
Investment Income from current yearUSD $ 873,859
Other Revenue from prior yearUSD $ -265,433
Other Revenue from current yearUSD $ -194,452
Gross receipts from all sourcesUSD $ 24,205,751
Net assets / fund balances at end of fiscal yearUSD $ 25,284,088
Net assets / fund balances at beginning of fiscal yearUSD $ 19,814,588
Total liabilities at end of fiscal yearUSD $ 24,204,987
Total liabilities at beginning of fiscal yearUSD $ 27,276,220
Total assets at end of fiscal yearUSD $ 49,489,075
Total assets at beginning of fiscal yearUSD $ 47,090,808
Revenues less expenses for current yearUSD $ 6,249,926
Revenues less expenses for previous yearUSD $ 7,108,564
Total expenses for current yearUSD $ 17,032,074
Total expenses for previous yearUSD $ 19,655,124
Other expenses in current yearUSD $ 12,908,075
Other expenses in previous yearUSD $ 15,939,009
Total fundraising expenses in current yearUSD $ 0
Professional fundraising fees from current yearUSD $ 0
Employee salary and benefits paid in current yearUSD $ 3,960,149
Employee salary and benefits paid in previous yearUSD $ 3,544,315
Benefits paid to or for members in current yearUSD $ 0
Grants and similar amounts paid in current yearUSD $ 163,850
Grants and similar amounts paid in previous yearUSD $ 171,800
Total revenue in current fiscal yearUSD $ 23,282,000
Total revenue in previous fiscal yearUSD $ 26,763,688
Contributions and grants from current yearUSD $ 0
Total of other revenueUSD $ -194,452

Organization Addresses

The following addresses have been detected as associated with Tax Indentification Number 381956049

USA Location Address
3245 E. JEFFERSON
DETROIT
MI
482074222
Date first seen: 2011-05-17
Date last seen: 2021-07-26
USA Mailing Address
3245 E. JEFFERSON
DETROIT
MI
48207
Date first seen: 2007-01-01
Date last seen: 2025-12-31
USA Location Address
5500 EF INFO
RETROIT
MI
48207
Date first seen: 2007-01-01
Date last seen: 2025-12-31
USA Mailing Address
27555 FARMINGTON ROAD SUITE 315
Farmington Hills
MI
48334
Date first seen: 2008-01-01
Date last seen: 2026-03-31
USA Location Address
27555 FARMINGTON ROAD
SUITE 315
FARMINGTON HILLS
MI
48334
Date first seen: 2008-01-01
Date last seen: 2026-03-31
401k Sponsor USA Address
27555 FARMINGTON ROAD
SUITE 315
FARMINGTON HILLS
MI
48334
Date first seen: 2008-01-01
Date last seen: 2025-07-21

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