Michigan Basic Property Insurance Association
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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$19.8M
+25.5% YoY
Revenue
$13.4M
+13.5% YoY
Net Investment Income
$519K
-29.3% YoY
Expenses
$10.9M
-2.6% YoY
About Michigan Basic Property Insurance Association
Based on IRS filings
Michigan Basic Property Insurance Association is a nonprofit organization, based in FARMINGTON HILLS, MI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $19.8M in total assets. Net investment income was $519K.
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $19,780,351 | $15,762,775 | $16,573,320 |
| Revenue | $13,447,771 | $11,845,327 | $12,632,616 |
| Expenses | $10,883,167 | $11,173,758 | $10,898,573 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $519,023 | $734,388 | $2,196,256 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
2 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| Janie Hathaway | Board of Governors | 0.5 | — |
| Randy McKee | Board of Governors | 0.5 | — |
| Leroy Bostic | Board of Governors | 0.5 | $1,650 |
| Christopher Cleveland | Board of Governors | 0.5 | — |
| David Field | Board of Governors | 0.5 | $1,350 |
| Erin Fowle | Board of Governors | 0.5 | — |
| Nathan Powell | Board of Governors | 0.5 | — |
| Michael C Levine | Board of Governors | 0.5 | $600 |
| Linda Maar | Board of Governors | 0.5 | — |
| Solon Phillips | Board of Governors | 0.5 | $1,500 |
| Steve Rock | Board of Governors | 0.5 | $1,050 |
| Muddasar Tawakkul | Board of Governors | 0.5 | $2,400 |
| Kacey Diede | Board of Governors | 0.5 | — |
| Eugene Hawkins III | Board of Governors | 0.5 | $150 |
| Michael Wykes | Board of Governors | 0.5 | — |
| Timothy Dillahunt | Board of Governors | 0.5 | — |
| Matthew Hillborg | Board of Governors | 0.5 | — |
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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