Finances

We are commited to being transparent with our finances. All of our financial records are available on our public HCB account, and we are more than happy to answer any questions regarding them.

Hack Club Bank

HCB is an online banking service provided by Hack Club. It allows us to accept donations, pay for expenses, and manage our finances. We use it for the following:

• Sending invoices to sponsors to collect sponsor payments
• Receiving one-time or monthly tax-deductible donations
• Depositing checks made out to “The Hack Foundation” (our fiscal sponsor)
• Distributing physical and virtual debit cards to our volunteers
• Reimbursing volunteers for organization expenses
• Transferring money through ACH, PayPal, or mailed checks

Benefits

In addition to banking, HCB provides us with the following services:

• Google Workspace (e.g. support@hackplace.org) accounts for our volunteers
• The ability to issue Presidential Volunteer Service Awards to our volunteers
• Sendy, an application to send emails to our subscribers