Center for Non-Profits

Transcription

1 About the Center for Non-Profits NON-PROFIT EMPLOYERS: S-T-R-E-T-C-H your employee benefit & volunteer resources Debbie Duncan Director of Communications and Member Services OUR MISSION: To build the power of New Jersey s non-profit community by serving as the premier voice and comprehensive resource for and about our sector Livingston Avenue North Brunswick, NJ Fax center@njnonprofits.org Photo: Dondada Innovations About the Center for Non-Profits About the Center for Non-Profits For over 25 years, the Center has been providing leadership and services. Remains New Jersey s only umbrella organization for all charities in the state. Advocacy/Public Education Promoting New Jersey s non-profit community Educating on public policy Non-profit sector research (statistics, trends) Capacity Building Legal/management assistance Workshops/seminars Publications Member Services 500 members Discounts & cost-saving programs (insurance, employee benefits, unemployment, free job postings, payroll services, training and more!) Member Benefits Discounts on Center publications Direct from the Providers Learn how to save money and increase your effectiveness through the Center s Cost Saving relationships. Partners for 3 years Primepoint - Payroll and HR services Partners for 20 years: The CIMA Companies Directors' and Officers' Liability Insurance Volunteer Insurance Today we are featuring: UST Alternative to State Unemployment Insurance Our newest offering: M Employee Benefits Health, Wellness, Retirement & Succession Keith MacDonald Aaron Jones Vicky Brooks Adam Thorn Matt Arbo

2 Primepoint: Non-Profit Specialists Call: (609) Keith MacDonald Stand Alone or Integrated Services Payroll Processing & HR Management Systems Human Resource Related Business Services Time and Labor Management Online Employee Benefits Enrollment (HeartSTONE Group) Pay-as-you-go Workers Compensation Administration Human Resource Consulting Services Whether You Pay One Employee or Thousands Use a Payroll Service or Handle It In-house You ll Streamline Your Process & Save Money With Primepoint! Why Primepoint? Better Technology for easier payroll processing and easier/better reporting. Better Service for team-like support in system development and customer service. Better Value through fees that are less expensive, integration of services, and greater efficiencies. How & Why Primepoint Can Help You Significant Non-profit Experience On-Staff Programmers Created Technology Customer Service Staff That You Get To Know No Down-Time After Transmitting Payroll (because there s no transmission) Change The Grouping of Employee(s) Each Pay Period No Need to be a Programmer to Create Reports No Software to Maintain at Your Location Many Customizations Built at Set-Up Custom Check Sorting For Easy Distribution Real-Time Changes (no upload/download synchronization 24/7 Internet Access with a Java Enabled PC Paperless options Allocating To Multiple Cost Centers & Departments Create Up-to 10 Groups Location Department Program Grants Etc. to 10 Create an Unlimited Number of Allocation Levels in Each Group

3 Create an Unlimited Number of Additional Pay Rates Clearly Label Rates Pay Individual Employees Different Rates By Task Allocate Rates to Multiple Locations Jobs Departments Ect. Multiple Pay Rates Per Employee Create as Many Worksheets as Needed Enables Very Flexible Allocations Customized Data Entry Worksheets Experienced Helping Non-profits Create Unique Worksheets Role-Based Security Fully Customized to Your Organization Enables Management to Delegate Responsibilities Allows Middle Management to Participate When Appropriate Can Increase Efficiency of the Payroll Process Robust Allocation Features Flexible Pay-rate Features Multiple Customized Worksheets Role Based Security The Combination Creates a Very Powerful Tool Center for Non-Profits Primepoint: QUESTIONS? Non-Profit Specialists Call: (609) Keith MacDonald

4 Your Insurance Program The CIMA Companies, Inc Killarney Dr., Suite 202 Woodbridge VA One of the benefits of Center for Non-Profits membership! The CIMA Companies, Inc. provides both directors and officers (D&O) liability insurance and volunteer insurance for nonprofit organizations -- in New Jersey and nationwide -- through its Volunteers Insurance Service (VIS ) program. The company, based in Woodbridge, VA, has a long history of developing programs that address the real risks that nonprofit organizations face. While other insurance programs have come and gone, depending on market conditions, CIMA always has come through with practical alternatives at reasonable rates. For Center members, there's an added benefit The $135 annual fee that normally is required for membership in VIS is waived. Directors and Officers Insurance Directors and Officers Insurance Directors and officers of nonprofit organizations face virtually the same exposures to lawsuits as do corporate directors and officers. Among nonprofits, the most frequent allegation involving board liability is employment practices -- wrongful termination, for example, or discrimination in hiring practices. Traditional, commercial general liability insurance usually does not respond to such allegations, or to most other legal actions nonprofit boards are likely to face. Here is a look at some of the key features of the D&O coverage available through CIMA, for Center members All past, present and future directors, officers, employees, volunteers, trustees, committee and the entity itself are covered. What's more, the severability feature protects all the remaining insureds if it transpires that any individual insured provided false information on the application. Employment practices are covered. Wrongful termination; failure to hire or promote; discrimination, including sexual harassment; and other such practices are covered. So are claims alleging mental anguish and emotional distress. Punitive damages can be covered in states where those damages are insurable. The insurer pays all defense costs up front. The organization does not have to hire attorneys or in any other way manage its own defense. Coverage for what many carriers exclude. Here are some examples of allegations that can be made against the organization that are covered, in the CIMA program: Libel, slander or defamation; invasion of privacy; wrongful entry or eviction; false arrest; false imprisonment; malicious prosecution; and infringement of copyright, or trademark or other unauthorized use of title; plagiarism or other misappropriation of ideas. Volunteer Insurance Volunteer Insurance Center members volunteers do so much to meet the needs of others. CIMA has the insurance program for their needs! If a volunteer is injured or injures someone else, his or her own insurance probably will not be enough to take care of the damage. That's where the VIS program comes in. It's a great benefit for volunteers, and a great recruiting tool! For only a few dollars a year, the organization can provide the extra protection that volunteers often need. The VIS program offers three coverages, separately or in any combination: Accident medical reimbursement -- Up to $50,000, for $3.75 per volunteer per year; Volunteer liability -- Up to $1 million, for $1.72 per volunteer per year ($100 minimum premium); Excess automobile liability -- Up to $500,000, for $6.04 per volunteer per year ($100 minimum premium) Total cost if all three coverages are elected: $11.51 for each volunteer. CIMA takes care of all aspects of administration, and claims-handling. Once a year, we invoice the Center member for the greatest number of volunteers it expects to have at any given time in the next 12 months. We keep it simple!

5 Insurance for office operations Contact Information We also can provide coverage for CNPC members office operations, in addition to covering volunteers, directors and officers allowing members to have their entire insurance program in one place. Coverages for operations can include: Property Commercial general liability Business auto Electronic data processing Crime Building ordinance Umbrella Professional liability, if applicable Center members may contact Aaron Jones at CIMA or Or, you can go to click on "Directors and Officers Liability," and go directly to a description of the program and an application. Center members may contact Vicki Brooks at CIMA or vbrooks@cimaworld.com. Or, you may go to click on "Volunteer Insurance" on the left side of the page, and find complete information. Center for Non-Profits Center for Non-Profits QUESTIONS? NON-PROFIT EMPLOYERS: S-T-R-E-T-C-H your employee benefit & volunteer resources Webinar - October 26, 2010

6 Ready for a significant increase in unemployment taxes? It s s coming but you can stop it. The Center for Non-Profits Overview Discussion of the unemployment system and the cost savings options awarded to nonprofits What UST offers nonprofits How to minimize your unemployment costs by turning a tax into an asset 2010 Facts Unemployment is at highest point since the 1980s Benefits are lasting longer Most states are borrowing money to pay unemployment Nonprofits are feeling the effects Keys to Managing your Unemployment Costs Explore cost saving alternatives to the state UI system Utilizing unemployment claims management reduces costs and staff time Insure you assets Create protection for unplanned layoffs Options for Nonprofits Pay State UI taxes Self-Reimburse Unemployment Services Trust UST Paying State UI Tax Benefits: State always pays all claims Best for small agencies Challenges: Tax rates & wages going up 20% Average rate hike for NJ employers You re helping to subsidize high claims employers

7 Self Reimburse Benefits: Pay only for actual claims Risk/Challenges: Unexpected claims Budget planning Managing and fighting claims can be time consuming Costly professional assistance Unemployment Services Trust Benefits: UST works with you to determine the best option for your agency Reduce your UI costs by up to 50% Own your account balance An asset instead of a tax Expert claims monitoring 4 equal payments allow for budget allocation Your contribution rate covers all costs Experience Credits Claims Monitor Audits of claims Protests and appeals Online training for supervisors Dedicated representative Telephone consultation Online access to your account and reports Savings Guaranteed first 2 years 30-50% average overall savings Agency ownership Experience Credits Investment earnings offset expenses and increase agency account values Consistent provenlong-term savings history Is UST Right for You? Factors to consider: 10 + FTEs Unemployment Claims history Your current position on the State Tax Rate Scale Any planned staff growth/reductions Whether currently a reimbursing employer Join UST Request a Quote Call Bill Downey (888) x info@chooseust.org Deadline to opt out of State February 1 st

8 Center for Non-Profits QUESTIONS? Insurance, Employee Benefits, Asset Management, & Qualified Retirement Plan Administration PO Box 3610 Baltimore, Maryland PO Box 68 New Brunswick, New Jersey T: F: ADVISORY SERVICES OFFERED THROUGH INVESTMENT ADVISORS, A DIVISION OF PROEQUITIES, INC., A REGISTERED INVESTMENT ADVISOR. SECURITIES OFFERED THROUGH PROEQUITIES, INC., A REGISTERED BROKER-DEALER, MEMBER, FINRA & SIPC. M EMPLOYEE BENEFITS IS INDEPENDENT OF PROEQUITIES. At M Employee Benefits, we believe what distinguishes our organization from other firms in our industry is a coordinated effort among our four core competencies to provide a high level of technical expertise, forward thinking, and innovative financial services. History Endorsed broker by state non profit association in 1996 Association extended endorsement for retirement planning in 2001 Employee Benefits MEDICAL INSURANCE PROGRAMS FULLY INSURED MEDICAL PLANS PARTIALLY SELF-INSURED MEDICAL PLANS WELLNESS PROGRAMS DENTAL INSURANCE LIFE INSURANCE SHORT TERM DISABILITY PLANS LONG TERM DISABILITY PLANS Retirement Planning & Asset Management 401(K) PLANS 403(B) PLANS PROFIT SHARING PLANS PENSION PLANS ASSET MANAGEMENT I.R.A.s E.S.O.P.s THIRD PARTY ADMINISTRATION Property & Casualty WORKERS COMPENSATION GENERAL LIABILITY DIRECTORS & OFFICERS INSURANCE AUTO PROPERTY & CASUALTY PROFESSIONAL LIABILITY ERRORS & OMISSIONS EMPLOYMENT PRACTICES LIABILITY BONDS Individual Financial Services ESTATE PLANNING BUSINESS SUCCESSION PLANNING EXECUTIVE BENEFITS LIFE INSURANCE DISABILITY INSURANCE LONG TERM CARE INSURANCE ANNUITIES Recognized as one of only a few third party administrators experienced in 403(b) administration and design. Client retention rate is in excess of 95%, which is one of the highest in our industry VOLUNTARY EMPLOYEE BENEFITS EMPLOYEE ASSISTANCE PROGRAMS LONG TERM CARE PLANS VISION CARE Recent surveys indicate 9 out of 10 respondents would highly recommend our services to a colleague CAFETERIA PLAN DESIGN Potential for The Center for Non-Profits of NJ members Potential for The Center for Non-Profits of NJ members Non profit experience has enabled us to understand your culture and challenges. Association Programs for health and retirement planning. Market analysis and experience to offer expanded options. No additional costs to members of the association Utilization of our services helps The Center Discounts available to members: Third Party Administrator Fees Investment Management Services Compliance

9 Potential for The Center for Non-Profits of NJ members Value Added Services Employee Benefits: Employee advocacy A proprietary web site that nonprofit clients use for HR and benefit communication Total compensation statements to enable nonprofit clients to illustrate the value of the hidden paycheck Online enrollment and education Wellness programs that are in the process of getting a copyright Innovative funding arrangements including partial self insurance, health reimbursement accounts, and health savings accounts Large group expertise A proprietary underwriting model to project health reimbursement claims Potential for The Center for Non-Profits of NJ members Value Added Services Retirement Planning: Trustee review based on DOL requirements Individual employee education and family retirement review Web Education Financial education and planning Reduced administrative costs from consolidation with M Extensive expertise in 403(b) regulations Center Cost Saving Partners Summary 15 years of Nonprofit experience with Large and Small Non Profits 16 dedicated employees to employee benefit and retirement planning solutions Endorsed benefit broker for The Center of non-profits of New Jersey Your advocate for Service and Financial Management Questions and Answers QUESTIONS? Thank you, Presenters and Participants! More Cost Saving Partners Technical assistance, materials and tools on issues related to liability, risk management and insurance. Center members get discounts on several services and products. Phone & web conferencing services: Center Members receive special pricing over already low non-profit rate Online event registration, management and web site creation, site selection and online surveys. Publications on non-profit management and legal topics: Center Members receive 15% discount Strengthening NJ Non-Profits Join the Center! Take advantage of discounts and cost saving opportunities Dues start at only $65 a year! Support the Center s 1. Advocacy 2. Education 3. Research Our members Also Benefit from: Technical Assistance: Training, HelpDesk & more Legal and management support Free services: job posting, resource lists and much more

10 UPCOMING EVENTS! UPCOMING EVENTS! Center for Non-Profits Annual Conference Wednesday, December 8, AM 4 PM New Jersey Non-Profits: Standing Strong, Standing Together Workshops, exhibits and speakers on current issues affecting New Jersey non-profit organizations Discounted registration for Center members WORKSHOPS: Advocacy Employment & H.R. Social Entrepreneurship Technology Ask the Expert Partnerships & Collaboration Fundraising Marketing & Communications Exhibits Exhibitors from a wide variety of service providers like: Insurance, Energy Alternatives, Training and Technical Assistance, much more. (Exhibit spaces are still available) Registration will be open soon! Visit our Web site for more events across the state Thank you to our Cost Saving partners Unique or more detailed questions requiring more in-depth response, presenter will contact you directly. Contact the presenters: Go to the Center Web site Click on the Group Buying button, Then, click on the link to the provider s Web site. Contact the Center for Non-Profits: Call ; fax ; center@njnonprofits.org visit the Web site at /