Unemployment insurance cost facts every Rhode Island nonprofit should know!

September 28, 2016

Unemployment insurance cost facts every Rhode Island nonprofit should know!

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What do state unemployment taxes (SUTA) and claim overpayment rates mean to your nonprofit?

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

$772 Average SUTA Cost Per Employee

Average state unemployment tax costs per employee range from $!21 to $953 per employee across the country. With an average cost of $772 per employee, Rhode Island ranks as the 4th highest.

$20 Million Unemployment Claim Overpayments

Rhode Island’s April 2014 – March 2015 unemployment claim overpayment rate was 11.841%, equaling over $20 million.

$1.78 SUTA Vs. Benefits Paid

Rhode Island employers pay $1.78 in SUTA to the Department of Labor and Training for every $1.00 paid in unemployment benefits.

However, there are options to financing your nonprofit organization’s unemployment costs.

First Nonprofit Group provides state compliant, individually insured, cost-saving options to satisfy SUTA requirements for nonprofit, governmental and tribal entities. Below is a sample savings analysis of one of our Idaho members since 2009.

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We provide more than 1,800 organizations around the country with unemployment insurance at affordable rates. Click here or 1-(800) 526-4352 to request a free, no-obligation cost saving 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

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