The Top 10 Reasons Nonprofits Choose First Nonprofit Group

May 6, 2014

The Top 10 Reasons Nonprofits Choose First Nonprofit Group

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1. You’ll save money!

If your nonprofit organization is paying the state unemployment tax (SUTA), you are most likely overpaying for unemployment insurance. 501(c)3 nonprofits and governmental employers joining our programs choose to be financially liable for only their own unemployment claims (called “reimbursing”)* and not pay via the tax method. By making the switch, our new 2014 members saved an average of $41,473!

 

2. We offer flexibility.

Nonprofit organizations change over time, as do their needs. First Nonprofit offers four program options: Bonded Service Program,Unemployment Savings Program, Excess Loss Insurance,and Surety Bonds. All of our alternatives to the tax method maximize savings and eliminate the challenges of reimbursing.

 

3. We’re ‘Excellent’!

All of our programs are insured by AmTrust Financial Services, Inc., rated “A” (Excellent)by A.M. Best., a credit rating organization dedicated to serving the insurance industry.

 

4. We’ve got experts.

As a member, you will have day-to-day assistance provided by professionals in unemployment issues and agency procedures specific to your state. Our experts save you valuable staff time and money by providing technical services,claims processing, and audit/report services.

 

5. It’s all about you.

All fees are based exclusively on your own unemployment experience and employment profile. There are no pooled losses or shared expenses found in State Tax or Trust programs.

 

6. You’ll improve your cash flow.

Employers paying the state unemployment tax make most of their payments into the tax system during the first and second quarters. First Nonprofit program members make four fixed equal payments over the course of the year.

 

7. We’ll handle all state paperwork.

To ensure a seamless transition into our programs, our staff will process all necessary paperwork to setup your reimbursing account at your state unemployment agency, including posting any required collateral.

 

8. You’ll be in good company.

Our programs are available nationwide and are endorsed and recognized by 29 national and state nonprofit associations. More than 1,600 nonprofit organizations across the country, representing all sectors of the nonprofit community, rely on us.

 

9. It’s easy!

Our application process is simple: To find out how much money you can save, request a free savings quote here.

 

10. There is no better time than now.

The national average unemployment tax cost per employee has increased by 79% since 2009! While some states have begun to rebuild their unemployment trust funds that were depleted during the recession, some states are still not collecting enough money in unemployment taxes even with the 79% cost increase.

 

* Already reimbursing? No problem. Our programs will minimize the risk associated with being a self-insured employer,provide a fixed annual cost and remove the uncertainty of your exposure.

Ready to chat?
Get in touch today to request a no-obligation savings evaluation.

Testimonials

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

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.

Kankakee County Housing Authority, Kankakee, 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