January 31, 2014
The Nonprofit Alliance of Monterey County is set to conduct a study on the quality of life impact that nonprofits have on the local community, according to The Californian. The study was previously conducted in 2005 and found local-area nonprofits employ thousands of people, provide services to 3 million and have an economic impact of $1.5 billion each year.
The 2005 study, "For the Common Good: The Economic Impact of Monterey County's Nonprofit industry," will be expanded upon to include the impact organizations have on local political, social, technological, legal and environmental issues. The economic impact will be also be examined again.
However, leaders are expanding the study in part to show that economic impact is only one factor in how nonprofits affect their local communities. In addition, leaders also believe it's important to examine how local organizations were so successful and resourceful during the hardships of the Great Recession.
"It's been almost 10 years. We need to get an idea of the size, scope and structure of nonprofits. They are big business here. We have a big impact here," Larry Imwalle, executive director of the ACTION Council of Monterey County, told the newspaper.
Nonprofits have proven they can create successful business models
The recent recession was a testament to the resiliency of nonprofits across the country. Many organizations found themselves with a greater need for their services, but less funding from both governmental grants and private donors. For many, this meant they either had to get creative or close their doors.
One way that nonprofits can reduce costs is by opting out of state unemployment insurance pools. Unemployment funding was hit hard during the recession and the resources needed to boost fund balances is raising the cost to many employers. Nonprofits that opt out and become self-reimbursing employers can avoid many of these costs.
However, electing to fulfill their obligation to SUI on their own comes with risks. Before undertaking the procedure, nonprofits should consult with professionals to determine the best method for alternative funding and an estimate of how much they can save. For nonprofits that are still trying to repair their own budgets following the recession, opting out of SUI pools is a good way to reduce budget expenditures.
For information on how your organization can cost-effectively meet its unemployment insurance needs, contact First Nonprofit Companies at FNCUI@firstnonprofit.com or visit www.firstnonprofitcompanies.com.
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First Nonprofit has saved us so much money over the state’s program. We had one little glitch with the state recently and we contacted FNP immediately. FNP staff called us back immediately and moved to remedy the problem.
First Nonprofit has been a great partner. They have helped us saved hundreds of thousands of dollars! They have awesome resources for our nonprofit organization. Thanks for the partnership.
Life is certainly busy these days but having business partners like First Nonprofit has made some of the process hassle free. We have worked with this team for years. When we changed payroll systems, they outlined every step. I think this team is terrific and I know they get the job done! Thank you, Cruz, to all the team at FNP.
FNP has helped our agency to save thousands of dollars every year on our unemployment coverage. The service is phenomenal, and we are thankful to their team as our partner. My experience working with Marshall on the advocacy around UE for nonprofits was also a highlight as someone who teaches advocacy and lobbying for nonprofits. Really, your whole team is top shelf, so thank YOU!
Chicago Children’s Theatre has greatly benefited from our partnership with First Nonprofit, and I have always enjoyed working with the staff on our filings and any complicated questions. I would not hesitate to recommend First Nonprofit to fellow nonprofits. We’re very happy customers.
FNP is a great resource for Daniel Kids. To have a TPA that we can count on to take point on not only managing our unemployment claims, but to support and guide any protest hearing, is invaluable. All the professional support staff we have worked with have been excellent, very knowledgeable and responsive. We are grateful for the help and support, thank you.
When I first began in my position at my organization, I hadn’t had experience working with a company like FNP. The staff was so patient and helpful in helping to explain the benefits of First Nonprofit. Anytime I reach out with a question I receive a quick, clear, and thorough response. I’m so thankful that we decided to partner with FNP. Their excellence in customer service, coupled with their variety of packages frees us up to truly serve our staff and community with a peace of mind knowing that our organization is protected against unanticipated unemployment insurance expenses.
First Nonprofit gets an A+ in my book. You are so easy to work with & very knowledgeable! Whether it is my quarterly correspondence with Kim or my random interactions with Dawn about a bond … I am so pleased that I get to work with such a helpful company. Thank you!