501(c) Agencies Trust announced today the addition of Sonrise Christian Schools (Sonrise) 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.
Sonrise is a four decades old Christian school of more than 400 children that strives to provide a safe place where students are dearly loved and grow both spiritually and academically.
By working with 501(c) Agencies Trust, Sonrise is taking advantage of their option to leave the California 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 programs. Doing so can save organizations 40 to 60 percent on those unemployment insurance costs. 501(c) Agencies Trust helps organizations manage these services and any future unemployment claims.
Sonrise 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 to become reimbursing employers.
“Sonrise Christian provides an environment where children can grow in wisdom and stature,” said John Huckstadt, Founder of 501(c) Agencies Trust. “By working with 501(c) Agencies Trust, we believe they will have more budget flexibility allowing them to better serve their students.”
501(c) Agencies Trust is a national organization created by a dozen nonprofits in 1982 that helps organizations like yours leave the state unemployment tax system and become reimbursing employers. 501(c) Agencies Trust works closely with 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 www.501cTrust.org and complete a free analysis to see if our program is right for your organization.
