The Top 10 Reasons 501c3 Nonprofit, Governmental, and Tribal Entities Choose First Nonprofit

August 31, 2020

The Top 10 Reasons 501c3 Nonprofit, Governmental, and Tribal Entities Choose First Nonprofit

*

*

1. You’ll Save Money!
   If your 501c3 nonprofit, governmental, or tribal entity is paying state
   unemployment insurance (SUI) taxes, you are most likely overpaying for
   unemployment insurance. By making the switch* to one of First Nonprofit’s
   unemployment programs, our new 2020 customers saved an average of 33%!
2. We offer flexibility.
   Employers change over time, as do their needs. First Nonprofit offers program
   options: Bonded Service Program, Unemployment Savings Program, NU
   Fund. All of our alternatives to the tax method maximize savings and eliminate
   the challenges of reimbursing.
3. We’re ‘Excellent’!
   All of our programs are insured by AmTrust Financial Services, Inc. insurers,
   rated “A-” (Excellent) Financial Size “V” for their financial strength, by
   A.M. Best, a credit rating organization dedicated to serving the insurance
   industry.
4. We’ve got experts.
   As a member, you’ll have day-to-day assistance from professionals trained in
   unemployment issues and state-specific agency procedures. This will save
   your staff valuable time and money on technical, claims processing, and
   audit/reporting services.
5. It’s all about you.
   All fees are based exclusively on your organization’s unemployment
   experience and employment profile. There are no pooled losses or shared
   experiences like those found in SUI tax or trust programs.
6. You’ll improve cash flow.
   Employers paying SUI tax make the largest contributions during first and
   second quarters. First Nonprofit program customers normally make four fixed
   equal payments over the course of the year.
7. We’ll handle all state paperwork.
   To guarantee seamless transition into our state compliant programs,
   experienced staff will process all necessary paperwork to setup your reimbursing
   account with all applicable state unemployment agencies. This includes posting
   all required collateral at no additional cost!
8. You’ll be in good company.
   Our nationwide programs are endorsed and recognized by over 30 national
   and state nonprofit associations. More than 2,100 nonprofit organizations
   across the country, representing all sectors of the nonprofit, governmental,
   and tribal communities, rely on us.
9. It’s easy!
   Our application process is simple: To find out how much money you can save,
   request a free savings quote at www.firstnonprofit.com.
10. There is no better time than now.
    According to the U.S. Department of Labor, employers pay an average of
    $1.22 in SUI taxes for every $1.00 paid out in unemployment insurance
    benefits. Opt-out of these over payments in 2020

*

*Already reimbursing (self-insured)? No problem! Our programs will minimize the risk associated with being a self-insured employer, provide a fixed annual cost and remove the uncertainty of your exposure.