Today, we at 501(c) Agencies Trust announce the addition of YMCA of Trenton 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.
YMCA of Trenton is an organization with a long standing history in the Mercer County area of New Jersey. Founded in 1856, YMCA of Trenton is one of the very first Ys in the United States, considering that YMCA’s did not come to the USA until 1850. The very first professional basketball game was played at the YMCA of Trenton.
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.