Employers paying the State Unemployment Insurance (SUI) taxes often overpay their state unemployment agencies for this mandatory insurance cost. Any balance remaining in an employer’s SUI tax account is non-refundable.
The federal government has given 501(c)(3) nonprofit, governmental, and tribal entities an alternative to paying the high cost of SUI taxes: reimbursement financing. Luckily, First Nonprofit has designed programs that allow 501(c)(3), government and tribal entities to take advantage of the savings that comes with reimbursement financing while minimizing risk.
One size does not fit all. Learn more about our coverage options and find the program that fits your organization’s need.
A coverage that allows you to determine what level of risk retention is most efficient for you.
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.