Today, we welcome St. Vincent de Paul of Baltimore as a new program participant of 501(c) Agencies Trust.
St. Vincent de Paul is now returning much of the money they had been sending to the state in the form of unemployment taxes to their programs and services. It’s a solution that all 501(c)(3) nonprofits with more than 15 employees should consider.
They chose 501(c) Agencies Trust from a suite of programs provided by 501(c) Services that are designed to help them save money on their unemployment taxes. Federal law allows 501(c)(3)s to stop paying their unemployment taxes and to self-fund their own programs. Doing so can save organizations 40 to 60 percent on those unemployment insurance costs.
St. Vincent de Paul’s work began during the Civil War. For most of its history, St. Vincent de Paul consisted of three principal functions: parish conferences, the summer camp, and the collection bureau/thrift store operations. In 1986, St. Vincent de Paul was invited to take over operation of Beans & Bread, a local soup kitchen founded in 1977 by Benet Hanlon. In the decades since, St. Vincent de Paul significantly expanded its community services, adding programs focused on homeless services, employment training, early childhood education, and healthy food access.
If you would like to see what we can do for your organization’s budget, complete a Request for Information form today.
ATTEND A DEMO
To help you make an informed decision about your tax saving options, we host a series of informational demos to help educate the nation’s nonprofits about their options when it comes to unemployment insurance taxes.
CLICK HERE to register. Our next demo is scheduled for Tuesday, June 5th.
During this 30 minute demo you will:
- Learn why nonprofit employers are paying more for their unemployment taxes;
- Hear about the alternative options nonprofits have;
- Understand if these options are right for your organization.
Can’t make this session? No problem. We have demos scheduled every month. Click here to find a date that fits your schedule.
501(c) Services, a 100% employee owned organization, has more than 35 years of experience in providing full-service alternatives to state-run unemployment insurance programs, and provides services to over 1,500 nonprofits nationally. We are the administrator of the 501(c) Agencies Trust, which offers a comprehensive suite of risk management services and multiple stop-loss protection solutions for its 501(c)(3) nonprofit members, and UInsure, a first dollar unemployment insurance program for 501(c)(3)s, government entities, and tribally owned businesses.
To see if your organization would financially benefit from our services, please complete a Request for Information Form today.