Add WIP content from Liv's document

next.config.js

@@ -73,6 +73,21 @@ const nextConfig = {
         destination: '/bank/first/',
         permanent: false
       },
+      {
+        source: '/fiscal-sponsorship/',
+        destination: '/bank/fiscal-sponsorship/',
+        permanent: false
+      },
+      {
+        source: '/fs/',
+        destination: '/bank/fiscal-sponsorship/',
+        permanent: false
+      },
+      {
+        source: '/bank/fs/',
+        destination: '/bank/fiscal-sponsorship/',
+        permanent: false
+      },
       { source: '/workshops/slack/', destination: '/slack/', permanent: true },
       { source: '/community/', destination: '/slack/', permanent: true },
       { source: '/hack_camp/', destination: '/camp/', permanent: true },
@@ -184,6 +199,10 @@ const nextConfig = {
         source: '/sunsetting-som/',
         destination: '/content/sunsetting-som/'
       },
+      {
+        source: '/bank/fiscal-sponsorship/',
+        destination: '/content/fiscal-sponsorship/'
+      },
       {
         source: '/bank/apply/success',
         destination: '/bank/success'

pages/content/fiscal-sponsorship.mdx

@@ -0,0 +1,118 @@
+import Letterhead from '../../components/letterhead'
+
+<Letterhead
+  title="Fiscal Sponsorship"
+  desc="A rundown on fiscal sponsorship, a fast track to 501(c)(3) nonprofit status for your organization."
+  img="https://workshop-cards.hackclub.com/Fiscal%20Sponsorship.png?theme=dark&md=1&fontSize=200px&caption=Hack%2520Club%2520Bank&images=https%3A%2F%2Fbank.hackclub.com%2Fbrand%2Fhcb-icon-icon-original.png"
+  path="fiscal-sponsorship.mdx"
+>
+
+Working on a project, event, or organization with a mission to serve the public good or your community? Obtaining 501(c)(3) public charity status in the US just got easier.
+
+Every year, hundreds of thousands of organizations from around the world apply for 501(c)(3) status with the IRS. From start to finish, the process for obtaining this status can take anywhere from 2-12 months, and as a nonprofit organizer, you have to be prepared for:
+
+- $3,000 in up-front costs, from filing the applications for forms to support from legal council
+  The potential for the IRS to reject your application (and you don’t get your $ back 😢)
+- An annual filing fee of $2,500
+- Maintaining a good standing with the IRS by hiring bookkeepers and accountants for upkeep and tax preparation
+- Closing down shop costs of up to $5,000 if you lose or terminate your status
+
+Unfortunately for many, these costs and the time needed to organize can act as barriers that prevent their charitable initiatives from exiting an idea phase to hitting the ground running.
+
+So why would you want to go through the hassle of applying for 501(c)(3) status?
+
+Check out some benefits of becoming a legally recognized 501(c)(3) nonprofit in the US:
+
+- The ability to receive tax deductible donations from sponsors
+- An incentive to U.S. donors to give to your organization (they can claim their gift on their personal taxes)
+- Exemption from U.S. federal income tax and unemployment tax
+- Potential exemption from state income, sales, and employment taxes
+- Potential for reduced rates on postage, marketing, advertising, legal counsel, and more!
+
+Fiscal sponsorship is a great way for anyone looking to avoid a headache with the traditional filing route to obtain the benefits of 501(c)(3) status.
+
+## So, why Hack Club Bank?
+
+Hack Club Bank wants to support passionate people and teams
+
+Info pulling
+
+Registered nonprofit organizations qualify for exemption from federal income and unemployment taxes in addition to possible exemption from state sales tax. With 501(c)(3) status, charitable organizations are able to receive grants and tax-deductible contributions that they otherwise would not be able to receive.
+
+Registering with the IRS is a long, tedious, and potentially expensive process. Organizations must have $500 to $3,000 set aside to afford the start-up costs of filing legal paperwork and potentially hiring lawyers. The wait time for the IRS to review submitted paperwork is anywhere from 2-12 months. On top of that, the nonprofit must pay up to $2,500 annually to stay in good standing with the IRS; this doesn’t include the costs of accounting and bookkeeping work. If an organization decides to terminate, the cost of filing the closing paperwork with the IRS amounts to around up to $5,000.
+
+As an alternative to the traditional process, people may choose to become fiscally sponsored by an existing registered nonprofit. Fiscal sponsorship provides an accessible avenue for small charitable organizations and student-led organizations to obtain all the benefits of 501(c)(3) status without having to deal with the IRS. These organizations piggy-back on the fiscal sponsor’s status and can pass certain overhead costs to the sponsor. In exchange, the sponsor typically requests a fee from revenue raised by these organizations.
+
+supports passionate people with charitable by easing many of the start-up constraints and allows teams to direct their focus as much as possible towards their missions.
+
+## What is the point of fiscal sponsorship?
+
+Obtaining 501(c)(3) status from the IRS in the U.S. qualifies an organization as a public charity. The reason many individuals seek out this status is due to the following benefits:
+
+Exemption from Federal income tax
+Exemption from Federal unemployment tax.
+Possible exemption from state income, sales, and employment taxes
+Tax-exempt financing
+Tax-deductible donations
+Reduced postal rates
+And much more...
+
+To gain 501(c)(3) status, an organization has two options ahead of them:
+
+File with the IRS to gain their own nonprofit status.
+Become fiscally sponsored by an existing nonprofit.
+
+Filing to become a nonprofit with the IRS means expecting the following:
+
+Accruing around $3,000 in start-up costs for filing fees and lawyers
+Waiting 2-12 months for the IRS to review submitted paperwork and either approve or deny the request
+Spending $2500 annually to maintain nonprofit status
+Maintaining good standing by hiring bookkeepers and accountants
+Saving near $5,000 for closing costs in case the 501(c)(3) status is revoked
+
+Seeking fiscal sponsorship offered by an existing nonprofit can guarantee:
+
+Receiving access to legal 501(c)(3) status after agreeing to the nonprofit’s terms and conditions
+Having confidence that backend paperwork and taxes can be taken care of by the nonprofit
+Agreeing on a fixed fee structure and not paying individual legal operating costs
+Being able to terminate and file status separately at a given point in time
+
+Fiscal sponsorship provides a great avenue for small start-up projects, student-led organizations, and anyone looking to avoid a headache with the IRS to obtain all the benefits of nonprofit status. It is also a great way for beginners to manage their finances and gauge whether becoming an independent nonprofit down the line is practical and financially feasible.
+A 501(c)(3) is considered a public charity by the IRS. This means that the nonprofit has to go through the registration process in order to gain the following benefits:
+
+Exemption from Federal income tax;
+Tax-deductible contributions;
+Possible exemption from state income, sales, and employment taxes;
+Reduced postal rates;
+Exemption from Federal unemployment tax; and.
+Tax-exempt financing.
+
+In addition to acting as a fiscal sponsor for many amazing projects and teams from all over, Hack Club Bank strives to provide a user experience that is constantly improving and unique in its kind. Here are some of the benefits we offer to the hundreds of organizations that join us every year:
+
+A beautiful web interface that looks and operates like a bank account
+Unlimited amount of debit cards for spending funds
+Fee-free invoicing, sent checks, domestic bank transfers, and reimbursements
+An individualized donation URL with the ability to be embedded on web pages
+Additional perks like PVSA certification, Sendy, and Google Workspace
+Optional transparency mode to showcase finances publically
+24 hour turnaround time on all applications and responses to queries
+No annual or monthly operating fees
+Instantaneous access to nonprofit status after signing
+Ability to leave at any point in time with no costs
+
+Check out Hack Pennsylvania’s fully transparent finances on Hack Club Bank to visualize all of this!
+
+So, what does signing a fiscal sponsorship agreement with Hack Club Bank involve? Here are the only two items we ask of our fiscally sponsored projects and events:
+
+Commitment to being non-political and not for-profit to follow IRS guidelines
+A 10% fee on every incoming donation to Hack Club Bank
+
+Pitch
+As a fiscal sponsorship platform built by teens and engineers at Hack Club, Hack Club Bank provides nonprofit status and a financial toolkit to various charitable orgs from around the world.
+
+In the early stages of organizing a nonprofit, between start-up costs and legal paperwork, there are huge barriers in place that can prevent many initiatives from exiting their idea phases. By providing nonprofit status and finance management software to students, adults, and communities with different passions, Hack Club Bank eases many start-up constraints and allows teams to direct their focus as much as possible towards their missions.
+
+At its core, Hack Club is a nonprofit that encourages teens to learn how to code by building and making cool projects. Hack Club Bank was entirely built out by teens at Hack Club, and continues to be a real-world space that teens can hack on every day.
+supports passionate people organizing their nonprofits and working towards their goals, whether those include starting the first coding club in their high school or supporting journalists on the ground right now in Ukraine.
+
+</Letterhead>