October 11, 2012
Columbus – Executive Director of The Ohio Association of Nonprofit Organizations (OANO), Jennifer Eschbach, recently accepted a position to serve as a board member for First Nonprofit Unemployment Savings Program LLC., a national nonprofit company based in Chicago, assists nonprofit organizations with unemployment insurance solutions.
“OANO has had a preferred partnership with First Nonprofit Companies, the program manager for the First Nonprofit Unemployment Savings Program, LLC. for more than a decade. Some of our members have saved thousands of dollars through their self-insurance program. I’m looking forward to board service and expanding our partnership so Ohio nonprofits can continue to experience savings on their unemployment costs,” said Jennifer Eschbach.
Nonprofits can choose to cover their mandatory unemployment costs in one of two ways: Paying the State Unemployment Insurance Tax (SUTA) or through reimbursement financing (self-insurance). This financing method is a legal right available only to nonprofits to opt-out of paying SUTA and reimburse their state unemployment agency dollar-for-dollar for unemployment claims paid only to their former employees. Opting out of SUTA can save nonprofits money but this option does subject organizations to potential risks such as unexpected loss of funding or program closures that can lead to layoffs.
First Nonprofit Companies provides a variety of both safe and cost-saving solutions to paying SUTA and self-insurance.
Ms. Eschbach will join a seven-member board with representation from around the country.
OANO is a statewide membership association of 500 nonprofit organizations representing the breadth and diversity of Ohio’s charitable nonprofit sector. OANO’s mission is to provide leadership, education, and advocacy to enhance the ability of Ohio’s nonprofit organizations to serve their communities.
Source: The Ohio Association of Nonprofit Organizations (www.oano.org)
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.