What do state unemployment taxes (SUTA), state unemployment reserve balances and claims overpayment rates mean to your nonprofit?
These factors could mean less money for your nonprofit organization’s cause.
49% 2009-2015 Increased Tax Cost
Factors used in calculating employer unemployment rates have increased, therefore increasing the average unemployment tax cost per employee from $140 in 2009 to $208 by 2015.
$58 Million Unemployment Claim Overpayments
Georgia’s April 2014 – March 2015 unemployment claim overpayment rate was 11.900%, equaling over 58 million.
There are options to financing your nonprofit organization’s state unemployment costs. First Nonprofit Group provides state compliant, individually insured, cost-saving options to satisfy SUTA requirements for nonprofit, government and tribal entities. Below is sample savings analysis of one of our members since 2010.
We provide more than 1,800 organizations around the country with unemployment insurance at affordable rates. Click here or call 1-(800) 526-4352 to request a free, no-obligation cost saving evaluation. Evaluations include a 2017 rate projection!
