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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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.
The Ensight Skills Center has enjoyed working with First Nonprofit for several years. We are enrolled in their Unemployment Savings Program and although we have not required a lot of intervention, there have been a few times. I know others have dealt with the same problem of unemployment fraud over the last year and in our case, a call to First Nonprofit (they actually answer their phones) cleared up the issue. They also sent us a letter to send to all our employees telling them what they needed to do to prevent this in the future and protect themselves. What a relief! Over the years if I have questions or concerns, they are happy to listen, advise and help if they can. Another BIG advantage of using First Nonprofit is that all the money that is paid into the Unemployment Savings Program lives on my balance sheet as an asset. The money continues to be Ensight’s not the governments. First Nonprofit has certainly given me peace of mind.
In addition to their money-saving purpose on behalf of nonprofit organizations like AHS, First Nonprofit’s Nonprofit Unemployment Fund streamlines the information we need to efficiently manage unemployment claims. Our relationship with NU Fund gave us access to such things as advice on planning for what’s ahead and how to analyze cost scenarios when unexpected events occurred. Both experiences were very helpful.
We have had a great experience with FNP. During Covid, when there was the chance that reimbursable nonprofits would have to pay 50% of the unemployment costs, FNP went to bat for us. We would receive weekly information on the Unemployment claim and how they were working to reduce the costs to reimbursable nonprofits. They have a great service also working with [our claims administrator] to make sure all the paperwork is completed correctly for any unemployment claim.
PORT Health Services has had a great experience with the Unemployment Savings Program offered through First Nonprofit. Throughout the years we have been involved in the program, we have increased our reserve account significantly through this program and find the reporting we receive both timely and useful. We look forward to our continued involvement with this program and our connection with First Nonprofit for many years to come.
Job One was spending a lot of money on unemployment. Our insurance broker, Mark Simcosky, recommended that we switch over to First Nonprofit. We did just that! This switch has been a huge savings for us! This switch saved us over $10,000 in the first year. Their customer service is Superior! Any time we have a question, we get a response very quickly. Any time we send them a report and they have a question; they call rather than just assuming. They were very responsive during COVID, even when they were in crisis mode their selves. They also were always there when we needed during COVID and very helpful! We would 1,000% recommend First Nonprofit to anybody that could benefit from it!
My experience with FNP has always been positive. Every time I have had to contact them, I’m always put in contact with a friendly and knowledgeable person. If something is missing from our account, they reach out to us to request it. It’s nice to work with a company that makes sure our account is current. I would recommend them to any nonprofit looking to reduce their unemployment insurance costs.
We’ve saved tens of thousands of dollars PER YEAR by changing to become a reimbursing employer, freeing funds for much needed capital investment. FNP has been a valued partner in this process, providing assurance that we have stopgap coverage for extraordinary claims and keeping claims response painless and simple. It’s a huge Win/Win!