Unemployment insurance cost facts every California nonprofit should know

February 16, 2016

Unemployment insurance cost facts every California nonprofit should know

These factors could mean less money for your nonprofit organization’s cause

6.3 Billion Negative Unemployment State Trust Fund Balance

The California Employment Development Department owes more than $6.3 billion to the federal government. This loan is used to pay the excess unemployment claims the State Trust Fund cannot cover

$427 Million Unemployment Claim Overpayments

The California Apr’14-Mar’15 unemployment claim overpayment rate was 7.445%, equaling over $427 million

89% Cost Increase Needed To Meet Solvency Standards

Employers across the country have seen unemployment tax rates increase as their state unemployment agencies strive to meet the US Department of Labor’s Trust Fund solvency standards. In order to meet these standards, California’s average cost per employee will have to increase by 89%, from $357 (in 2015) to $674.

There are options to financing your nonprofit organization’s unemployment costs

First Nonprofit Group provides more than 1,800 nonprofit organizations and governmental entities around the country with unemployment insurance at affordable rates. Click here or call 1-800-526-4352 to request a free, no-obligation cost savings evaluation. Evaluations include a 2017 rate projection!

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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

It has been our sincere pleasure to maintain a strong, vibrant business partnership with First Nonprofit. We greatly admire their strong industry knowledge, technical expertise, constant professionalism, knowledgeable and dedicated staff. They are always extremely responsive, personable and provide us with the necessary guidance and recommendations on a numerous variety of employment scenarios. We are impressed with the accuracy of their employment decisions, integrity of their employees and efficiency of their claim handling. We greatly respect and value the consistent, impressive cost savings from the utilization of their outstanding services.

 

Thresholds, Chicago, 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