Today, we at 501(c) Agencies Trust announce the addition of YMCA of Western North Carolina as a new program participant.
501(c) Agencies Trust is a group of 1,500 nonprofits 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 Western North Carolina began as a local young men’s christian association in the fall of 1889. Today this Y has more than 45,000 members and offers programs ranging from after school child care and a summer day camp to an overnight camp (Camp Watia) and nutrition programs (Healthy Living Food Pantry and the Healthy Living Mobile Market and Mobile Kitchens). They have an operating budget of nearly $17 million.
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 employers with a certified educational series, provide separated employees with reemployment services and offer 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.
Visit 501cTrust.org and complete a free analysis to see if our program is right for your organization.