What do high unemployment rates, increased taxes and negative State Trust Fund Balances mean to your nonprofit? All these statistics mean less money for your cause.
INCREASED TAX COST: 35%
In the aftermath of the Great Recession, employers in Washington, D.C. were faced with higher-than-normal unemployment compensation costs in order to rebuild the state’s trust fund. The average unemployment tax cost per employee increased by 35% (from 2009 to 2014).
IMPROPER PAYMENT RATE: 19.856%
Washington, D.C.’s Department of Employment Services had a 19.856% average improper payment rate from 2011 to 2014. Over $23 million improper payments were made in 2014 alone.
First Nonprofit Group provides more than 1,700 nonprofits around the country with unemployment insurance at affordable rates. Below is a sample savings analysis of one member since 2005.
To find out how much money your organization can save, contact us for an unemployment cost savings evaluation. Evaluations are free, there is no obligation to join, and an estimate of your 2016 unemployment rate is included!
For a PDF version of this fact sheet, please click here.
First Nonprofit Group (FNG) is excited to be a supporting sponsor at the Milwaukee Independent Charter School Awards this Thursday! The event will take place at the Potawatomi Hotel in Milwaukee from 6 – 9 pm. First Nonprofit’s own Vice President of Member Services, Cecilia Piazza, and Business Developer, Elizabeth Medina, will be on site to answer any questions members of the Milwaukee charter school community may have about our services.
The Awards were created by the Milwaukee Charter School Advocates to honor high-performing teachers and high-achieving independent charter schools. Categories of awards include: Elementary School Teacher of the Year, High School Teacher of the Year, School of the Year, Volunteer of the Year, and Advocate of the Year. For more information about this event, click here.
FNG members and partners
Over 1,700 nonprofits across the country, including several charter schools, rely on FNG to manage their unemployment insurance needs. New 2015 charter school members saved an average of $12,087, or 22%, on their state unemployment tax (SUTA) by enrolling into our unemployment programs. In 2013, the Illinois Network of Charter Schools (INCS) partnered with us to provide unemployment solutions for their members:
First Nonprofit’s unemployment programs offer sound unemployment insurance controlling which enable INCS member schools to effectively manage this important human resources area and reduce their state unemployment costs; while not exposing them to unknown liabilities associated with self-insuring. Many INCS member schools use their UI services, and have saved money over the years, so it was a natural fit for us to work with them. – Illinois Network of Charter Schools
For a list of all FNG partners, click here.
For Wisconsin-specific unemployment cost data and a FNG member savings sample, click here.
First Nonprofit Group’s (FNG) Regional Sales Director, Beth Quynh, is gearing up for another trip to the Texas Association of Community Action Agencies’ (TACAA) annual conference. This year’s event will take place Wednesday, May 6 through Friday, May 8 at the Doubletree Hotel in Austin, Texas. As an exhibitor, Beth is excited to answer any questions that community action agency and nonprofit organization attendees may have about First Nonprofit Group’s state unemployment insurance (SUI) options.
Formed in 1968, TACAA is a nonprofit organization that helps unify Community Action Agencies in the State of Texas to aid success and operations of programs that help Texans below the poverty line. This year’s annual conference, titled “Embracing Change for Higher Standards”, will address an extensive variety of operation matters from direct services to funding to board leadership. For a full agenda of scheduled events, click here.
The State of Texas’ average unemployment tax cost, per employee, has increased by 134% since 2009! There is no better time than now to learn about potential savings options to finance this cost. The services offered by FNG ensure that organizations have the funds on hand to reimburse unemployment claims, while also freeing up money to be used in other areas of operations. No matter what your agency’s focus at the conference, all 501c3 organizations, including Community Action Agencies, and governmental entities can learn how to significantly save on state unemployment insurance in Texas by stopping by the First Nonprofit Group booth or contacting us directly by phone at (800) 526-4352 or online www.firstnonprofitcompanies.com.
First Nonprofit Group (FNG) will be an exhibitor at the 2015 Alliance for Nevada Nonprofits’ (ANN) Regional Conference for Nonprofits in Las Vegas this spring. The conference is a two day affair from March 12-13 at The Center, where First Nonprofit will have a booth available both days to share its valuable information about alternative state unemployment insurance options.
ANN is an association whose mission is to improve and strengthen the communities in Nevada by providing support and resources to their nonprofit organization members within the state. First Nonprofit and ANN partnered back in 2013 to help nonprofits save money on their unemployment costs and put back any savings toward their missions.
This year’s ANN conference is unique because it has two track options for attendees. The first track is geared toward new nonprofit organizations, focusing on the “nuts ‘n bolts” for nonprofit foundation and success. The second option will attract older, more experienced nonprofit organizations to share new innovations to help continue success in the future.
No matter how many years it has been since your organization was established, attendees from all nonprofits can learn extensively about how to save on state unemployment insurance in Nevada by stopping by the First Nonprofit booth. Beth Quynh, the FNG Regional Salesperson for the region, will be on site to answer any and every question nonprofits may have about the programs offered by FNG. First Nonprofit’s unemployment programs have typically saved their Nevada nonprofit clients 40-60% off their unemployment tax costs. The services offered by FNG ensure that organizations have the funds on hand to compensate unemployment claims, while also freeing up money to be used in other areas of operations.
First Nonprofit Group will hit the road in this summer to exhibit our state unemployment tax (SUTA) alternatives. Charitable organizations interested in avoiding the negatives of contributing to SUTA funds and having greater control of money used for paying jobless claims will be able to learn more about our programs.
The first conference we'll visit is the Foster Family-Based Treatment Association's 28th annual conference on foster care, which will be hosted from July 20-23 in Lake Buena Vista, Florida, at Walt Disney World's Coronado Springs Resort. FFTA supports and strengthens agencies focused on providing high-quality care for children who need a stable and positive environment to develop and grow. Since 1988, the organization has worked to define and refine the methods and practices used for treatment foster care, as well as foster community support, and locate resources for fostering groups. The theme of this year's conference, where more than 20 organizations involved in foster care and nonprofit administration will be exhibiting, is "overcoming barriers to permanency and well-being." To learn more about conference workshops, exhibitors and events, visit FFTA's website.
Only a few short weeks after going to southern Florida, First Nonprofit Group will head to Duluth, the biggest city in northern Minnesota, for the annual Minnesota Community Action Partnership conference. MinnCAP's event will be held from August 6-8 at the Duluth Entertainment and Conference Center and feature sessions on a wide variety of nonprofit topics. These range from next-generation governance to applying weatherization to healthy homes programs. The overall theme of the conference will celebrate the 50-year anniversary of the signing of the Economic Opportunity Act, a major event in the ongoing War on Poverty. To learn more about the event, visit MinnCAP's website.
To find out where else First Nonprofit Group will be this summer and throughout the year, follow us on Twitter.
For information on how your organization can cost-effectively meet its unemployment insurance needs, contact First Nonprofit Group at FNCUI@firstnonprofit.com or visit www.firstnonprofitgroup.com.
Wednesday, November 6, 2013
8:00 am – 11:30 am CST
Mesirow Financial
353 North Clark Street, 4th Floor Conference Center, Mesirow A&B
Chicago, Illinois 60654
Kindly RSVP by
Monday, November 4, 2013
Join Mesirow Financial’s Deputy Chief Economist Adolfo Laurenti and insurance industry experts for a forum on the economy’s impact on the nonprofit sector and state unemployment tax and funding options for 501(c)3 organizations and government entities/municipalities. With continuing strains on funding for nonprofits, your organization has alternative options to save on unemployment tax costs.
Agenda
| 8:00 – 8:30 |
Registration and continental breakfast |
| 8:30 – 8:45 |
Welcome and introductions by Jennifer Gavelek |
| 8:45 – 10:00 |
Adolfo Laurenti–The Economy’s Impact on the Nonprofit Sector |
| 10:00 – 10:10 |
Break |
| 10:10 – 11:15 |
Cecilia Piazza– Funding Options for State Unemployment Taxes |
| 11:15 – 11:30 |
Q&A |
Speakers
Adolfo Laurenti develops ongoing economic research and commentary critical to supporting clients and contacts of Mesirow Financial. Adolfo authors Themes on the Global Markets, a periodic newsletter providing insight into trends, issues and the forecast for the global economy. As an expert on the European economies, Adolfo is a new face in demand by the financial press and among local media. He also lectures at Northwestern University’s Medill School of Journalism.
Adolfo was selected as an Emerging Leader by the Chicago Council on Global Affairs for 2011. He was an Earhart Foundation Fellow in 2002. He received a Washington Society of Investments Analysts Scholarship and a Graduate Scholarship for Excellence in Academia from the Economic Club of Washington D.C.
Adolfo is a graduate of Bocconi University Business School in Milan, Italy. He specialized in industrial organization as a visiting scholar at the Center for Industrial Economics in Copenhagen, Denmark, and concentrated in financial economics at Central European University in Budapest, Hungary. Adolfo earned his master of arts degree in economics from George Mason University, where he also pursued doctoral studies.
Adolfo serves on the board of the National Association for Business Economics and is a member of both the American Economic Association and the Chicago Association for Business Economics. He is also a board member for the Collaborative Arts Institute of Chicago.
Jennifer Gavelek, CPCU, ARM-Mesirow Financial
Managing Director and Insurance Nonprofit Practice Leader
Jennifer Gavelek is a managing director within Mesirow Financial’s Property and Casualty Insurance Services Practice and the Nonprofit Practice Leader. She is a specialist in evaluating, marketing, developing and servicing insurance and risk management programs. Jennifer works with risk managers and underwriters to negotiate and secure comprehensive, cost-effective coverage for clients. In addition to her active role in sales and client relations, Jennifer was involved with the in-house risk management for each of Mesirow Financial’s four divisions and quality control of the Insurance Division for more than 10 years.
Jennifer’s specialties include program assessment (analysis, planning, control and financing) and specialty coverage lines including professional liability, management liability and security/privacy. She has strong analytical, organizational, planning, interpersonal and negotiating skills with the ability to effectively communicate. Jennifer incorporates strategic solutions to achieve clients’ risk management objectives while maintaining expectations and business processes. She finds creative solutions to complex problems and partners effectively with clients, insurance carriers, risk management professionals and claims services.
Jennifer joined Mesirow Financial in 1996 and began her insurance industry career in 1990. She holds a Chartered Property Casualty Underwriters (CPCU) designation and is currently pursuing an Associate in Risk Management (ARM) designation. Jennifer earned a bachelor degree in finance from Northeastern Illinois University.
Cecilia Piazza-First Nonprofit Group
Vice President of Member Services
Cecilia Piazza earned a bachelor of arts in business with a concentration in human resources from St. Xavier University. She has over 20 years of combined management experience in the U.S and abroad. Cecilia was a key individual responsible for staff, training and development of new products for the largest employer in New Zealand; successfully completing their management graduate program and traveling extensively throughout the country. After returning to the U.S. she broadened her experience to include the nonprofit sector and insurance.
Cecilia has 14 years of service with First Nonprofit Group. Her successful oversight of a multi-million dollar program has resulted in the steady growth of the unemployment membership and a vital team of support personnel. Cecilia has been twice published in Nonprofit World magazine regarding the benefits of unemployment financing. She is a member of the Alliance for Nonprofit Management.
Cecilia continues to travel extensively across the U.S presenting to large and small groups about unemployment insurance and effective ways to manage this responsibility. Her knowledge and background in human resources, enhanced by several years of operational experience working directly with nonprofits, certified public accountants, attorneys, and consultants, has had a direct financial impact on the bottom line of nonprofit agencies.
We are attending the NYCON Camp Finance in October. Stop by our booth and say hello! Or if you know we’re coming to your state, contact us and we’ll arrange a sales call.
New Paltz, NY
We are attending the INCS 2013 Statewide Charter School Conference in December. Stop by our booth and say hello! Or if you know we’re coming to your state, contact us and we’ll arrange a sales call.
We are attending the ANN Reno Conference in November. Stop by our booth and say hello! Or if you know we’re coming to your state, contact us and we’ll arrange a sales call.
We are attending the OANO Annual Nonprofit Conference in September. Stop by our booth and say hello! Or if you know we’re coming to your state, contact us and we’ll arrange a sales call.
