State Unemployment Insurance: How can your organization avoid the high cost of State Unemployment Insurance (SUI) taxes?

August 31, 2020

State Unemployment Insurance: How can your organization avoid the high cost of State Unemployment Insurance (SUI) taxes?

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Consider altering the method by which you fulfill that unemployment responsibility to one that also allows greater financial control.

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Eligible Organizations

Over 2,100 nonprofit, tribal and governmental entities currently participate in our successful unemployment risk management programs that save money (as much as 40%), are fully or partially insured, and provide greater control over that
cost.

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They include:

  • Social service organizations
  • Charter and private schools; colleges and universities
  • Healthcare and hospitals
  • Mental health/rehabilitation
  • Native American/Alaska Native tribes and enterprises
  • Local, county and state government entities
  • Religious charities/service
    organizations
  • Charitable foundations

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Underwriting Eligibility Guidelines

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  • Available in all 50 states
  • IRS qualified 501c3 organizations
  • NA/AI tribes and their enterprises
  • Local, county and state
    government entities
  • Minimum 10 employees in most
    states

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Programs

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  • Bonded Service Program: Risk Free
    first and last dollar coverage
  • Unemployment Savings Program:
    Proprietary interest-bearing reserve
    account, plus stop-loss
  • NUF Program: Claims
    administration, finance
    management and HR support
  • Excess Loss Program: “Working
    Excess Coverage” fits the level that
    works best for the organization’s risk
    tolerance
  • Surety Bonds: Required in many states
    for “reimbursing” employers
  • Group Program Management:
    Individually tailored programs for public
    and nonprofit member organizations
    includes underwriting, billing, and
    management of reserves

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Program Benefits

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  • Fixed annual cost
  • Budgetary certainty
  • Insurance protection
  • Improved cash flow through equal quarterly payments
  • Professional claims management and cost audits
  • Reimbursement payments to state agencies for individual claims
  • Posting of collateral (surety bonds) with state unemployment agencies
  • FNPACCESS: Live HR advice, group purchasing and discounted background services

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Easy Application Process

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  • Contact us
  • Simple, two-page initial application
  • We process all onboarding
    state paperwork

Ready to chat?
Get in touch today to request a no-obligation savings evaluation.

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