Overview
What is Michigan Basic Property Insurance Association?
Michigan Basic Property Insurance Association is a Farmington Hills, Michigan-based nonprofit organization dedicated to issuing basic property and home insurance policies, primarily for high-risk insurers. Member insurance companies collaborate through their mandatory membership in the association, with assessment payments contributing to its operations. The mission of Michigan Basic Property Insurance Association encompasses providing efficient customer service, utilizing resources effectively, fostering a creative work environment, and addressing community needs. The organization employs a team of 24 individuals to carry out these objectives.
Official website here: www.mbpia.com
Is Michigan Basic Property Insurance Association legitimate?
Michigan Basic Property Insurance Association is a legitimate nonprofit organization registered as a 501(c)(6) entity. Michigan Basic Property Insurance Association submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are not tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $10,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,145,913
For more financial information, click here
What is the mission statement of Michigan Basic Property Insurance Association?
The Michigan Basic Property Insurance Association is dedicated to delivering prompt, courteous, and efficient service to its customers. Aware of its responsibility to utilize resources effectively for the benefit of both member companies and policyholders, the organization fosters a work environment that values creativity and encourages teamwork. Sensitivity towards the needs of the community is also a priority for Michigan Basic Property Insurance Association.
Official website here: www.mbpia.com
Who is the CEO of Michigan Basic Property Insurance Association?
Michelle Mooradian is the Principal Officer of Michigan Basic Property Insurance Association.
Official website here: www.mbpia.com
What is the revenue of Michigan Basic Property Insurance Association?
Michigan Basic Property Insurance Association's revenue in 2022 was $12,632,616.
Official website here: www.mbpia.com
Who are the executives of Michigan Basic Property Insurance Association and what are their salaries?
The average compensation at Michigan Basic Property Insurance Association during 2022 was $89,851. There are 24 employees at Michigan Basic Property Insurance Association.
Here are 18 key members and their salaries:
- Muddasar Tawakkul (Board Of Governors) [Trustee/Director]
- David Field (Board Of Governors) [Trustee/Director]
- Steve Rock (Board Of Governors) [Trustee/Director]
- Leroy Bostic (Board Of Governors) [Trustee/Director]
- Solon Phillips (Board Of Governors) [Trustee/Director]
- Michael C Levine (Board Of Governors) [Trustee/Director]
- Jeffrey O Williams (Board Of Governors) [Trustee/Director]
- Eugene Hawkins Iii (Board Of Governors) [Trustee/Director]
- Randy Mckee (Board Of Governors) [Trustee/Director]
- Daniel J Oshea (Board Of Governors) [Trustee/Director]
- Christopher Cleveland (Board Of Governors) [Trustee/Director]
- Janie Hathaway (Board Of Governors) [Trustee/Director]
- Lisa Hicks (Board Of Governors) [Trustee/Director]
- Linda Maar (Board Of Governors) [Trustee/Director]
- Katie Macguidwin (Board Of Governors) [Trustee/Director]
- Mark Pinkerton (Board Of Governors) [Trustee/Director]
- Michael Wykes (Board Of Governors) [Trustee/Director]
- Timothy Dillahunt (Board Of Governors) [Trustee/Director]
Official website here: www.mbpia.com
Where can I find the form 990 for Michigan Basic Property Insurance Association?
The Michigan Basic Property Insurance Association’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.mbpia.com
Learn more at the official website: www.mbpia.com
Mission Statement of Michigan Basic Property Insurance Association
Michigan Basic Property Insurance Association, or MBPIA, is a mission-driven organization committed to delivering prompt, courteous, and efficient services to its customers. The association places great importance on its responsibility to effectively utilize resources for the benefit of its member companies and policyholders. In addition, MBPIA values a creative and collaborative work environment that fosters teamwork. The organization is deeply concerned with the needs of the community and strives to respond sensitively to its requirements.
By prioritizing prompt and courteous service, MBPIA seeks to build trust and confidence among its customers. The association recognizes the significance of its role in the lives of policyholders and is dedicated to handling their needs with the utmost care and attention. Furthermore, MBPIA is mindful of the importance of working efficiently and effectively, ensuring that resources are utilized in a way that maximizes their impact.
MBPIA's work environment is one that encourages creativity and collaboration, allowing team members to bring their unique ideas and perspectives to the table. This approach not only leads to innovative solutions but also fosters a strong sense of camaraderie and team spirit. Additionally, by being sensitive to the needs of the community, MBPIA demonstrates its commitment to being more than just a business; it is an integral part of the social fabric that makes a difference in people's lives.
Impact
This information is meant to be a general summary of Michigan Basic Property Insurance Association. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Michigan Basic Property Insurance Association plays a crucial role in providing basic property insurance and home property insurance policies to high-risk insurers. The association's impact is directly felt in the efficient and prompt service it offers to its customers. It also ensures that member property insurance companies work together to provide coverage in a collective manner. By adjusting rates for the voluntary market and pooling resources effectively, the association helps maintain insurance coverage for those who might otherwise struggle to obtain it. This contributes to the stability of the insurance market and provides essential protection for vulnerable property owners.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Direct Property and Casualty Insurance Carriers
Revenue
$10,433,650
Organization Details
Founding Year
1968
Phone
(313) 877-7400
Principal Officer
Michelle Mooradian
Main Address
27555 FARMINGTON ROAD SUITE 315, Farmington Hills, MI, 48334
Website
www.mbpia.com
NTEE Category
Code: Y20 - Mutual benefit
If you are a representative of Michigan Basic Property Insurance Association and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.