April 14, 2014
Nonprofits will have a great opportunity to learn about saving money on their state unemployment insurance (SUI). Best of all, the information will be given free of charge and can be accessed from the comfort of any office. First Nonprofit Group and the the N.C. Center for Nonprofits are jointly sponsoring an educational event on how organizations in North Carolina can save on their state UI costs.
First Nonprofit has 30 years of experience helping 501(c)(3) and governmental organizations save money by becoming reimbursing employers. As a reimbursing employer, nonprofits owe state unemployment agencies only the amount that is actually paid out to former employees following UI claims. Opting out of state tax pools allows nonprofits to avoid the variable costs, overpayments and socialized costs that are built into SUI programs.
SUI costs have been increasing throughout the country since the Great Recession and the cost per employee in North Carolina has increased $146 – 42 percent – since 2010. The webinar will provide valuable, state-specific information for North Carolina nonprofits that are considering opting out of state tax pools, including information on the changes to unemployment benefits and tax rates. All attendees will receive a copy of First Nonprofit Group's "Fundraising: A partnership between Board and Staff," booklet at no cost.
First Nonprofit Group can help North Carolina organizations save money with minimal risk
While the majority of nonprofits can save substantially on their UI costs by electing to become reimbursing employers, the election does come with some risks. Simply becoming a reimbursing employer does not provide any protection against sudden unemployment claims filed against an employer. Without the backing of a SUI trust fund to cover the costs, a nonprofit can be forced to cut programs to pay these claims, putting the organization at risk for even greater unemployment.
First Nonprofit Group offers organizations membership in different UI programs that allow them the cost saving benefits of becoming a reimbursing employer with much less risk. The free webinar will be held on May 1 from 11 a.m. – noon EST. To register, nonprofits can complete the following form and fax it to (312) 239 – 6368. For more information, call (800) 526-4532, ext. 398398. First Nonprofit Group Program members in North Carolina have already saved a total of more than $5.9 million since 2004.
Content presented by First Nonprofit Group, the leading provider of state unemployment insurance solutions for 501(c)(3) nonprofit employers.
Working with Marshal Whittey at First Nonprofit has been a great experience. He handles our request as a priority and goes above and beyond to resolve any issues we have in a timely manner. Marshall follows through to the end and ensures our needs are met. He has been a great resource for LSC and our “go to” for any tax questions we may have. With LSC transitioning several facilities into one federal tax identification number, First Nonprofit was able to assist and provide guidance with best practices resolving claims to each entity. Additionally First Nonprofit provided knowledge (information materials) and one on one training to HRS group with best practices to handle claims state adjudicated, fraudulent claims, and appeals. And processing information in the First Nonprofit [unemployment claims] system allows for timely information can be collected.
My experience with FNP has been wonderful. Unemployment in general is quite confusing and FNP has simplified the process for us. Everyone we have reached out to or worked with has been very helpful and follows up to be sure we understand the information. I am so happy we made the switch to FNP!
First Nonprofit smoothed the unemployment perils for our organization during Covid. Without the ability to cap our UI exposure, we would not have been able to weather the storm. The program worked perfectly and we have come out of the pandemic ready to forge on. Thanks FNP!
My experience with the FNP has been fantastic. The idea of setting funds aside for the unemployment tax liability is a bedrock for nonprofit organizations like mine, namely ASHBA; what is even more advantageous is having the FNP as a custodian of those funds. 100% recommended!
I would like to comment on my experience with FNP….to date our District has saved $1,000’s of dollars by being enrolled in the First Nonprofit program. My only regret is that we did not know about this method of paying unemployment tax years ago….as I had figured about five years
ago, had we enrolled 15-20 years ago, we could have saved our small school district upwards of $500,000 in payments to IDES. Also we would have had a pretty hefty sum of money in our Reserve Account. Thankfully I attended a workshop hosted by First Nonprofit back in 2015 which got the ball rolling!
I have worked with the First Non-Profit Team for many years, and I appreciate the quick response and care that Cecilia and the team provides anytime I have questions. While there are other providers that may provide like services, First Nonprofit will always be my first choice! I appreciate you!
First Nonprofit has been easy to work with and makes the administrative process easier and smoother. We enjoy working with you.
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!