HCB

• [[go]] https://hackclub.com/fiscal-sponsorship
• In a nutshell: Hack Club’s in-house platform¹ for its [fiscal sponsorship program][wikipedia] for high schoolers-led clubs, hackathons and nonprofits, previously Hack Club Bank
• benefits
  • restricted fund under a US 501(c)(3) legal entity with dedicated account details on Column
    • note that Direct Debit is disabled on these accounts, so you have to manually transfer funds back to Stripe for refunds
  • dedicated point of contact with 24-hour SLA on weekdays via email/HC Slack (for high schoolers and alumni)
  • discounts and perks from its partners (see Perks page once activated)
    • most non-profit programs from companies like Google don’t allow fiscally-sponsored orgs due to requirements like DUNS number and other things
• tech stack (currently not open-source at the moment)[^2]
  • Ruby on Rails for backend, hosted on Heroku
  • Stripe for processing online donations, invoices and virtual/physical cards
  • Column for bank account details for each organization, virtual check deposits and bank transfers (both incoming and outgoing over ACH/wire)
• launch post from 2019 in Medium: https://medium.com/hackclub/hack-club-bank-is-now-live-for-everyone-including-you-884f7f54836f
• currently the legal home of Recap Time Squad and its projects (e.g. Community Lorebooks)

[wikipedia]: https://en.wikipedia.org/wiki/Fiscal_sponsorship pull