Form 1np - Registration Report To Determine Liability For 501(C)(3) Nonprofit Organizations Page 2
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1
2EXPLANATIONS OF OPTIONS SHOWN IN ITEM 11
(1) Under this election the nonprofit organization or group of such organizations would pay contributions in the same manner
and at the same rates as for-profit employers subject to the law.
(2) Under this election the nonprofit organization or group of organizations agrees to pay the actual cost of benefit payments
based on wages reported by the organization or group of organizations. This election must be made within 30 days following the
date the nonprofit organization becomes subject to the law, and remains in effect for a period of at least two years. This election
can be terminated by filing a notice of termination with the South Dakota Department of Labor and Regulation, Unemployment
Insurance Division no later than 30 days before the beginning of a calendar year. The organization will be billed for benefit costs
each quarter and payment to the Unemployment Insurance Division must be made within 30 days after the date of billing.
(3) Nonprofit organizations or a group of organizations electing to pay the actual cost of benefits may make a further election to
pay equal amounts each calendar quarter regardless of benefit charges during that quarter, with an adjustment being made at
the end of each calendar year. This determination shall be based each year on the average benefit costs attributable to service
in the employ of nonprofit organizations during the preceding calendar year.
Any nonprofit organization or group of organizations which does not make an election under Options (2) or (3) described above
will automatically pay contributions under Option (1).
SURETY BOND REQUIRED. Organizations or a group of organizations electing to reimburse for benefits in lieu of contributions
in elections (2) and (3) above may at the discretion of the South Dakota Department of Labor and Regulation be required to
furnish a surety bond.
Quarterly wage reports will be required of all organizations regardless of the type of payment method selected.
COMMENTS: Please identify by number the question you are answering.
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