HACKER Q&A
📣 toomuchtodo

Stripe Atlas equivalent for 501c3 non profit?


I’m seeking a solution similar to Stripe Atlas but for a 501c3 organization. Incorporation, IRS filing, and bank account. Credit card processing will be performed with Stripe, commercial mail processing by a commodity processor. All recommendations are welcome.

Thank you in advance.


  👤 zachlatta Accepted Answer ✓
I run a nonprofit that serves teenage hackers and one of the services we provide is called Hack Club 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/. 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), 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.


👤 tdeck
Not sure if this is relevant in your case, but if you can become a chapter of an existing national nonprofit then a lot of the paperwork is already done for you.