Today, we welcome Hawaii Tokai International College (HTIC) as a new program participant of 501(c) Agencies Trust.
HTIC 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. It’s a solution that all 501(c)(3) nonprofits with more than 15 employees should consider.
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. Doing so can save organizations 40 to 60 percent on those unemployment insurance costs.
Established in 1992 as an American two-year liberal arts college, HTIC is located in the city of Kapolei. HTIC, which is accredited by the Accrediting Commission for Community and Junior Colleges of the Western Association of Schools and Colleges, is the only American campus of the Tokai University Educational System of Japan.
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 are the administrator of 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.