Today, we welcome the National Center for Employee Ownership (NCEO) as a new program participant of 501(c) Agencies Trust.
The NCEO 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. 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 paying for their claims as they go. Doing so can save organizations 40 to 60 percent on those unemployment insurance costs.
The NCEO is a nonprofit membership and research organization that was founded in 1981 to provide the most objective and reliable information possible on employee ownership at the most affordable price possible. They have over 3,000 members, ranging from employee ownership companies to consultants to academics.
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 administer 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. We also operate the Nonprofit HR Hotline – a confidential resource available to help walk nonprofits through difficult personnel issues.
To see if your organization would financially benefit from our services, please complete a Request for Information Form today.
Calculate Your Overpayment
Even though all 501(c)(3) nonprofits have the option to not pay their state unemployment insurance (SUI) taxes many still do. What results are massive overpayments. Our industry estimates indicate that 86% of nonprofits are overpaying their state unemployment costs.*
Calculate your organization’s state unemployment insurance (SUI) overpayment today using our SUI Overpayment Calculator.
Then, if you like, we will show you a full suite of options that you can choose from to replace your SUI taxes – and save thousands of dollars annually.
*Based on results reported from over 500 taxpaying nonprofits contacted by 501(c) Services.