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.
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.
We were introduced to First Nonprofit through another housing authority. In our analysis and comparison to what we were paying the State, our first year savings was $5,800 plus. We have been with them since the end of 2008 and I am glad we have been. I consider them an arm of our HR department.
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.
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.