Don’t Wait! State deadlines to enroll in reimbursing are quickly approaching!

October 8, 2015

Don’t Wait! State deadlines to enroll in reimbursing are quickly approaching!

With Fall arriving and the holiday season around the corner, it’s about that time to review state unemployment insurance options. Recently, many employer’s state unemployment tax cost have increased by as much as 51% and continue to grow due to factors such as improper payments made by the state, increasing benefit awards, and confusion about claimant eligibility by employers.

Nonprofits, governmental entities and Tribal enterprise communities have the choice to opt out of paying the SUTA (State Unemployment Tax Administration) tax and instead, reimburse for state unemployment benefits paid to ex-employees. The reimbursement financing option allows nonprofit employers to:

– Avoid annually varying tax rates which funds the statewide unemployment reserve
– Reduce total annual overall cost of unemployment.
– Circumvent having to pay the pooled risk costs built into each state’s unemployment program

Selecting the reimbursement financing method is typically less costly for nonprofits. However, it comes with potential risks such as an unexpected loss of funding, sudden exposure to other unforeseen risks, or a downturn in the local or national economy. At First Nonprofit, we have programs tailored with total or partially insured solutions that help nonprofits take advantage of savings while minimizing any potential risk that may arise. The qualifying employer deadline to enroll in reimbursement financing for many states is November 30, while for others it’s December 1st.

First Nonprofit Group provides more than 1,700 nonprofits around the country with unemployment insurance options at affordable rates. To find out how much money can be saved, contact us for an unemployment cost savings evaluation. Evaluations are free, there is no obligation to engage and an estimate of a better 2016 unemployment option is included!

Content presented by First Nonprofit Group, the leading provider of state unemployment insurance solutions for 501(c)(3) nonprofit employers

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Testimonials

Throughout our membership in the Unemployment Savings Program, First Nonprofit understood our demands, community dynamics, and the importance of seamless services; that allowed us to serve our constituents better.

Prevent Blindness America, Chicago, IL

Because INCS advocates for the operating conditions that allow charter public schools to provide high quality public education, partnering with First Nonprofit was an easy decision. First Nonprofit’s unemployment programs provide our member schools two operating elements crucial to their ability to provide high quality public education: savings and budget certainty. Capable, committed teachers are the key to student success. By participating in the unemployment insurance savings plan, charter public schools gain peace of mind and are able to invest more money in their teachers.

Illinois Network of Charter Schools, Chicago, IL

It has been our sincere pleasure to maintain a strong, vibrant business partnership with First Nonprofit. We greatly admire their strong industry knowledge, technical expertise, constant professionalism, knowledgeable and dedicated staff. They are always extremely responsive, personable and provide us with the necessary guidance and recommendations on a numerous variety of employment scenarios.

Thresholds, Chicago, IL

NYCON members who use First Nonprofit’s programs enjoy enduring savings and improved efficiency. Our association knows that success, because from the beginning, we achieved the same great benefits. Great savings, seamless technology, and responsive service. NYCON highly recommends First Nonprofit’s remarkable unemployment solutions.

New York Council of Nonprofits, Albany, NY

Visually Impaired Preschool Services has been a client of First Non-Profit since it was first offered as a benefit of VisionServe Alliance. We completed a thorough evaluation of cash savings to our agency before taking advantage of this wonderful benefit and it has been a very wise decision. Our experience with the processes from accounting to claims have been professional, expeditious and easy.

Visually Impaired Preschool Services, Louisville, KY

Luckily for us, our interactions regarding any issues with staffing has been very minimal! I can say that all other interactions with regards to billing, 941 reporting, etc. have been extremely pleasant, accommodating and easy to work with. Kim Ghanayem is always prompt, professional and friendly. Thank you so much!

Neurologic Music Therapy Services of Arizona, Phoenix, AZ

First Nonprofit has been easy to work with and makes the administrative process easier and smoother. We enjoy working with you.

Visually Impaired Preschool Services, Louisville, KY

The Ensight Skills Center has enjoyed working with First Nonprofit for several years. We are enrolled in their Unemployment Savings Program and although we have not required a lot of intervention, there have been a few times. I know others have dealt with the same problem of unemployment fraud over the last year and in our case, a call to First Nonprofit (they actually answer their phones) cleared up the issue. They also sent us a letter to send to all our employees telling them what they needed to do to prevent this in the future and protect themselves. What a relief! Over the years if I have questions or concerns, they are happy to listen, advise and help if they can. Another BIG advantage of using First Nonprofit is that all the money that is paid into the Unemployment Savings Program lives on my balance sheet as an asset. The money continues to be Ensight’s not the governments. First Nonprofit has certainly given me peace of mind.

Ensight Skills Center, Inc, Fort Collins, CO