501(c) Agencies Trust announced today the addition of the Alaska-based Youth Advocates of Sitka as a new program participant.
501(c) Agencies Trust helps nonprofits across the country leave their state unemployment tax system and become employers who reimburse the state for their unemployment costs.
Youth Advocates is a community based nonprofit mental health agency founded in 1975 in Sitka, Alaska. They specialize in providing mental and behavioral health services to youth and their families.
By working with 501(c) Agencies Trust, Youth Advocates is taking advantage of their option to leave the Alaska unemployment insurance tax system. Federal law allows them and other 501(c)(3)s like them to stop paying their unemployment taxes and to self fund their own program. Doing so can save organizations 40 to 60 percent on those unemployment insurance cost. 501(c) Agencies Trust helps organizations manage these services and any future unemployment claims.
Youth Advocates joins nearly 1,500 nonprofits nationwide as plan participants who collectively save millions of dollars annually on unemployment costs by leaving the state unemployment tax system and become reimbursing employers.
“Youth Advocates’ mission is to support the mental health of Alaska’s youth and their families,” said John Huckstadt, Founder of 501(c) Agencies Trust. “Through their work with 501(c) Agencies Trust, we believe they will have more budget dollars to invest into that mission.”
501(c) Agencies Trust works closely with both large national organizations such as Boys and Girls Clubs, Y-USA, Feeding America and United Cerebral Palsy as well as smaller stand-alone organizations. Nonprofit services center around programs designed to save participating organizations money by helping them control unemployment costs while being supported by a team of experts with decades of experience.
Visit www.501cTrust.org and complete a free analysis to see if our program is right for your organization.