When nonprofits face budget crises like the past state budget impasses in Pennsylvania and Illinois, crowd funding campaigns become the go-to problem solver which helps organizations raise dollars. Crowd funding...
Read MoreHow Can First Nonprofit Help Offset the Costs of #UBIT? [video width="1920" height="1080" mp4="/wp-content/uploads/2019/07/UBIT-2019.mp4"][/video] 2017 Tax Cuts & Jobs Act created new sections of #UBIT U.S. Internal Review Code....
Read MoreWorking in the nonprofit sector is becoming increasingly desirable for job seekers. Forbes.com reports that nonprofits are adding jobs and avoiding layoffs, employing 10.7 million people (over 10% of the...
Read MoreServing on a nonprofit board is a rewarding and beneficial experience. It can provide a world of opportunities that include career development, profile visibility, expanding present networks, and much more....
Read MoreOffset #UBIT Costs with FNP The 2017 Tax Cuts and Jobs created new sections of the UBIT-Unrelated Business Income Tax-U.S. Internal Review Code that diverts charitable resources from community needs....
Read More[caption id="attachment_26493" align="alignleft" width="343"] The Impact of #UBIT on Nonprofits[/caption] The 2017 Tax Cuts and Jobs Act created two new sections of the tax code that will divert charitable resources...
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CCSCT was approached by First NonProfit to discuss its Unemployment Savings Program and ways the program could significantly reduce the amount of unemployment taxes we were paying. At the time, our agency was paying approximately $80,000 per year. First NonProfit conducted an analysis to determine if making the switch would be in our best interest, and it clearly was based on our circumstances. The first year on the program, CCSCT saw a 70% reduction in its unemployment costs and each year, continues to experience further reductions as a result of having minimal claims. Some additional benefits of the program including having a fixed annual cost, an interest-baring reserve account, professional unemployment claims management and representation at all unemployment hearings. This has been one of the best decisions we have made.
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!