How Can FNP Help Offset the Cost of #UBIT?

July 26, 2019

How Can FNP Help Offset the Cost of #UBIT?


How Can First Nonprofit Help Offset the Costs of #UBIT?

2017 Tax Cuts & Jobs Act created new sections of #UBIT U.S. Internal Review Code. These new sections divert charitable resources from community needs. Additionally, Independent sector reports that nonprofits will now pay a 21% federal tax on the cost of employee transportation benefits, including transit and parking. These #UBIT taxes will divert an average of $12,000 from each nonprofit. Reporting unrelated income streams separately will divert another $15,000.

Moreover, while nonprofits may not be able to opt-out of #UBIT, they can take advantage of State Unemployment Insurance (SUI) exemptions with FNP!New 2019 FNP customers saved an average of 31% on their SUI tax costs!FNP offers multiple coverage options expert SUI claim reps and much more!

Opt-out of paying quarterly SUI taxes and join one of FNP’s SUI programs today!

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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

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. We are impressed with the accuracy of their employment decisions, integrity of their employees and efficiency of their claim handling. We greatly respect and value the consistent, impressive cost savings from the utilization of their outstanding services.


Thresholds, 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

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.

Hugh Parry, Retired President of Prevent Blindness America