Naifa Michigan
- Assets
- $54.7k
- Revenue
- $125.5k
- Investments
- $0.0
- Employees
- 1
- Location
- Dewitt, MI
- Founding
- 03/1950
- Data as of
- 12/2023
- 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 12/2023, Naifa Michigan generated $125.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (3.5%) each year. All expenses for the organization totaled $151.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 8 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
2023
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 356 MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Embree President | Officer | 3 | $0 |
Rich Garcia President-Elect | Officer | 3 | $0 |
Steve Berg Secretary/treasurer | Officer | 3 | $0 |
Mark A Straat Nat'l Comm Chair | Officer | 3 | $0 |
Randall Ball Imm Past President | Officer | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $104,216 |
| 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 | $104,216 |
| Total Program Service Revenue | $18,301 |
| Investment income | $2,064 |
| 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 | $125,470 |
| 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. | $60,000 |
| 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 | $2,214 |
| Payroll taxes | $4,807 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,050 |
| 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 | $6,770 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,027 |
| Travel | $3,052 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,569 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $467 |
| Insurance | $2,567 |
| All other expenses | $366 |
| Total functional expenses | $151,740 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $35,129 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $19,370 |
| 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 | $0 |
| Net Land, buildings, and equipment | $151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $54,650 |
| Accounts payable and accrued expenses | $15,472 |
| Grants payable | $0 |
| Deferred revenue | $9,710 |
| 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 | $25,182 |
| Net assets without donor restrictions | $20,240 |
| Net assets with donor restrictions | $9,228 |
| 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 | $54,650 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Michigan Basic Property Insurance Association Farmington Hills, MI | $16,573,320 | $12,632,616 |
Wisconsin Insurance Plan South Milwaukee, WI | $6,298,743 | $7,656,859 |
Insurance Guaranty Associations Dublin, OH | $20,866,631 | $1,166,678 |
Service Employees International Union Lansing, MI | $3,014,829 | $2,682,935 |
Ohio Insurance Institute Columbus, OH | $916,176 | $1,824,096 |
Naifa Michigan Dewitt, MI | $54,650 | $125,470 |
Pregnancy Options Wisconsin Education Resources & Support Madison, WI | $79,890 | $0 |