May 6, 2014
If your nonprofit organization is paying the state unemployment tax (SUTA), you are most likely overpaying for unemployment insurance. 501(c)3 nonprofits and governmental employers joining our programs choose to be financially liable for only their own unemployment claims (called “reimbursing”)* and not pay via the tax method. By making the switch, our new 2014 members saved an average of $41,473!
Nonprofit organizations change over time, as do their needs. First Nonprofit offers four program options: Bonded Service Program,Unemployment Savings Program, Excess Loss Insurance,and Surety Bonds. All of our alternatives to the tax method maximize savings and eliminate the challenges of reimbursing.
All of our programs are insured by AmTrust Financial Services, Inc., rated “A” (Excellent)by A.M. Best., a credit rating organization dedicated to serving the insurance industry.
As a member, you will have day-to-day assistance provided by professionals in unemployment issues and agency procedures specific to your state. Our experts save you valuable staff time and money by providing technical services,claims processing, and audit/report services.
All fees are based exclusively on your own unemployment experience and employment profile. There are no pooled losses or shared expenses found in State Tax or Trust programs.
Employers paying the state unemployment tax make most of their payments into the tax system during the first and second quarters. First Nonprofit program members make four fixed equal payments over the course of the year.
To ensure a seamless transition into our programs, our staff will process all necessary paperwork to setup your reimbursing account at your state unemployment agency, including posting any required collateral.
Our programs are available nationwide and are endorsed and recognized by 29 national and state nonprofit associations. More than 1,600 nonprofit organizations across the country, representing all sectors of the nonprofit community, rely on us.
Our application process is simple: To find out how much money you can save, request a free savings quote here.
The national average unemployment tax cost per employee has increased by 79% since 2009! While some states have begun to rebuild their unemployment trust funds that were depleted during the recession, some states are still not collecting enough money in unemployment taxes even with the 79% cost increase.
Ready to chat? Get in touch today to request a no-obligation savings evaluation.
We first started using First Nonprofit’s Unemployment Savings Program when we were a small startup nonprofit. We didn’t have an HR department and needed expertise in the event that an unemployment claim was made. We knew we were eligible to be a reimbursing employer, but weren’t sure how to navigate that process. They made it easy to set things up, plan for, and then manage claims when they came at a very reasonable cost. The amount of time and stress they’ve saved us dealing with all this has been worth way more than the cost. We’ve now grown to a large nonprofit and do have an HR department but have no plans to stop using their services. I highly recommend them to every nonprofit I come into contact with!
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.
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.
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.
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.
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.
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!
First Nonprofit has been easy to work with and makes the administrative process easier and smoother. We enjoy working with you.