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I run a nonprofit that serves teenage hackers and one of the services we provide is called Hack Club Bank (https://hackclub.com/bank/ https://hackclub.com/bank/
by zachlatta 5y ago
I run a nonprofit that serves teenage hackers and one of the services we provide is called Hack Club Bank (https://hackclub.com/bank/ https://hackclub.com/bank/), which gets you 501(c)(3) status under our legal entity, The Hack Foundation, and a powerful web platform for managing your finances. 331 organizations run on Hack Club Bank today, and we take care of all of the financial administration, including filings with the IRS. It's kind of like Stripe Atlas for nonprofits.
There's an application form at the bottom of https://hackclub.com/bank/ https://hackclub.com/bank/. While we started by only serving teenagers starting organizations, we recently started working with adults too. Some organizations that run on Hack Club Bank now have budgets in the $100,000s.
We operate as a fiscal sponsor (https://en.wikipedia.org/wiki/Fiscal_sponsorship https://en.wikipedia.org/wiki/Fiscal_sponsorship), which is a common practice in nonprofits. So while you'd legally be operating as an independent sub-project of The Hack Foundation, you'd be totally autonomous in your brand and operations (and get the benefits of having us take care of all of the bookkeeping and filings with states and the federal government).
If you have any questions, please feel free to email me at zach (at) hackclub.com.