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 2024.
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 | — |
Frequently Asked Questions
How large is Michigan Basic Property Insurance Association?
As of 2024, Michigan Basic Property Insurance Association holds $19.8M in total assets with $13.4M in annual revenue.
Where does Michigan Basic Property Insurance Association operate?
Michigan Basic Property Insurance Association has awarded grants in Michigan.
What is Michigan Basic Property Insurance Association's EIN?
Michigan Basic Property Insurance Association's EIN (Employer Identification Number) is 38-1956049. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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