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501(c) Agencies Trust

, California, United States • 11 - 50 Employees
Nonprofit Organization Management

501(c) Agencies Trust is a national organization created by a dozen nonprofits in 1982 that helps organizations like yours leave the state unemployment tax system and become reimbursing employers.Under federal law, 501(c)(3)s can opt out of the state unemployment insurance tax system and simply reimburse the state for any paid benefits. Instead of paying a flat state tax rate, 501(c) Agencies Trust can help you build a reserve account that you own and that earns interest through sound conservative investing. 501(c) Agencies Trust monitors and handles all your unemployment claims and reimburses the state for any paid claims.The program currently has almost 1,500 participants and saves those nonprofits an estimated $20 million annually.