Today, we at 501(c) Agencies Trust announce the addition of Chippewa Valley YMCA, Inc. as a new program participant.
501(c) Agencies Trust is a group of 1,500 nonprofits, including more than 200 Ys from across the country, that have elected to not participate in the state unemployment tax system. Instead, we have chosen to become employers who reimburse the state for our unemployment costs. 501(c) Agencies Trust began in 1982 and collectively we save more than $20 million annually.
The Chippewa Family Valley YMCA, located in Chippewa Falls, Wisconsin, serves individuals, youths, and families. Since 1980, they have offered a comprehensive program of educational, physical fitness, classes, and opportunities for each member. They never deny YMCA membership to an individual or family due to financial hardship.
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. At 501(c) Agencies Trust, we help organizations
- manage their unemployment expenses,
- provide their separated employees with reemployment services,
- offer employers a certified educational series,
- and provide additional HR Services including unlimited access to a staffed hotline.
501(c) Agencies Trust consists of both large national agencies such as Boys and Girls Clubs, Y-USA, Feeding America and United Cerebral Palsy as well as smaller stand-alone organizations.