Naifa Michigan
- Assets
- $93.9k
- Revenue
- $126.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Dewitt, MI
- Founding
- 03/1950
- Data as of
- 12/2021
- EIN
- 38-1605818
Organization Overview
Naifa Michigan is located in Dewitt, MI. The organization was established in 1950. According to its NTEE Classification (Y01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is an itermediate organization (such as a geographic headquarters) for a national or regional group of organizations. Naifa Michigan is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Naifa Michigan generated $126.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.2%) each year. All expenses for the organization totaled $160.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE ASSOCIATION IS TO ADVOCATE FOR A POSITIVE LEGISLATIVE AND REGULATORY ENVIRONMENT.ENHANCE BUSINESS AND PROFESSIONAL SKILLS AND PROMOTE ETHICAL CONDUCT OF OUR MEMBERS
Describe the Organization's Program Activity:
Part 3 - Line 4a
PAGE 9,PART VIII, LINE 2A - CONVENTIONS:THE ASSOCIATION CONDUCTS VARIOUS CONVENTIONS, CLASSES, AND SEMINARS FOR MEMBERS WHICH PROVIDE A PRODUCTIVE ENVIRONMENT TO ADVANCE THE GENERAL PURPOSE OF THE ASSOCIATION. THE CONVENTIONS, CLASSES, AND SEMINARS ARE AVAILABLE TO THE ENTIRE MEMBERSHIP OF 429 MEMBERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark A Straat Nat'l Comm Chair | Officer | 3 | $0 |
Scott Embree Secretary/treasurer | Officer | 3 | $0 |
Randall Ball President-Elect | Officer | 3 | $0 |
Benjamin Eichler President | Officer | 3 | $0 |
Angela Shannon Imm Past President | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $97,361 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $97,361 |
| Total Program Service Revenue | $28,114 |
| Investment income | $147 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $126,467 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,401 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $3,500 |
| Other employee benefits | $2,240 |
| Payroll taxes | $4,806 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,535 |
| Fees for services: Lobbying | $20,100 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $6,435 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,895 |
| Travel | $2,438 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $41,397 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,478 |
| All other expenses | $344 |
| Total functional expenses | $160,567 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,645 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $28,983 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $35 |
| Net Land, buildings, and equipment | $198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $93,861 |
| Accounts payable and accrued expenses | $8,100 |
| Grants payable | $0 |
| Deferred revenue | $20,487 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,587 |
| Net assets without donor restrictions | $56,050 |
| Net assets with donor restrictions | $9,224 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $93,861 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Basic Property Insurance Association Farmington Hills, MI | $25,213,481 | $14,270,902 |
Wisconsin Insurance Plan Milwaukee, WI | $2,649,304 | $2,503,844 |
Service Employees International Union Lansing, MI | $2,859,438 | $2,924,739 |
Ohio Insurance Institute Columbus, OH | $705,390 | $1,790,344 |
Insurance Guaranty Associations Dublin, OH | $24,219,360 | $919,382 |
Naifa Michigan Dewitt, MI | $93,861 | $126,467 |