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)
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We’ve been a member of First Nonprofit’s Unemployment Savings Program since 2011 and highly recommend joining. The program is terrific and allows us to earn interest on our own funds while still meeting the state’s requirements on unemployment payments. In addition, the staff are great and always helpful sorting out any questions we may have. Thank you all!
CCSCT was approached by First NonProfit to discuss its Unemployment Savings Program and ways the program could significantly reduce the amount of unemployment taxes we were paying. At the time, our agency was paying approximately $80,000 per year. First NonProfit conducted an analysis to determine if making the switch would be in our best interest, and it clearly was based on our circumstances. The first year on the program, CCSCT saw a 70% reduction in its unemployment costs and each year, continues to experience further reductions as a result of having minimal claims. Some additional benefits of the program including having a fixed annual cost, an interest-baring reserve account, professional unemployment claims management and representation at all unemployment hearings. This has been one of the best decisions we have made.
We first started using First Nonprofit’s Unemployment Savings Program when we were a small startup nonprofit. We didn’t have an HR department and needed expertise in the event that an unemployment claim was made. We knew we were eligible to be a reimbursing employer, but weren’t sure how to navigate that process. They made it easy to set things up, plan for, and then manage claims when they came at a very reasonable cost. The amount of time and stress they’ve saved us dealing with all this has been worth way more than the cost. We’ve now grown to a large nonprofit and do have an HR department but have no plans to stop using their services. I highly recommend them to every nonprofit I come into contact with!
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.
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.
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.
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.
Visually Impaired Preschool Services has been a client of First Non-Profit since it was first offered as a benefit of VisionServe Alliance. We completed a thorough evaluation of cash savings to our agency before taking advantage of this wonderful benefit and it has been a very wise decision. Our experience with the processes from accounting to claims have been professional, expeditious and easy.