> For the complete documentation index, see [llms.txt](https://policies.recaptime.dev/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://policies.recaptime.dev/meta/fiscal-sponsorship.md).

# Fiscal sponsorship status and information

## Basics

Recap Time Squad is a [fiscally sponsored](https://hackclub.com/fiscal-sponsorship) [(Wikipedia page)](https://en.wikipedia.org/wiki/Fiscal_sponsorship) open-source organization, alongside its projects such as Community Lorebooks, by [The Hack Foundation](https://hackfoundation.org/) (d.b.a [Hack Club](https://hackclub.com/)), a US 501(c)(3) non-profit with EIN `81-2908499`.

You can learn more about HCB (previously Hack Club Bank), the in-house fiscal sponsorship platform that Hack Club built and developed since 2018, at [the program landing page](https://hackclub.com/fiscal-sponsorship?ref=policies.recaptime.dev) or [its open source repository at GitHub](https://github.com/hackclub/hcb).

### Why fiscal sponsorship instead of forming a (non-profit) legal entity?

We opt for the fiscal sponsorship route so that we can focus more on building and maintaining great open-source projects and initiatives rather than doing the legal paperwork of forming one (it's a complicated mess if you ask that in the Philippines context), in exchange for having financial oversight over our operations under the terms of fiscal sponsorship.

## The legal documents

{% hint style="info" %}
We don't typically provide anyone a copy of the signed agreement itself or bank account verification letter for privacy concerns (i.e., the mailing address itself of the primary organization contact on our side (aka our BDFL)) unless otherwise requested in written form via email. We can point you to the fiscal sponsorship agreement template that the HCB Operations team uses as part of their onboarding flow for new organizations.
{% endhint %}

* Confirmation letters:
  * Recap Time Squad: [meta repo](https://gitlab.com/recaptime-dev/squad/meta/-/blob/ee5ef6e5fb043503eaadfc5dcb7d5a03179b87a2/internals/fiscal-sponsorships/hackclub/confirmation-letters/fiscal_sponsorship_letter-recaptime-dev.pdf) (dated May 23, 2025)
  * Community Lorebooks: [meta repo](https://gitlab.com/recaptime-dev/squad/meta/-/blob/ee5ef6e5fb043503eaadfc5dcb7d5a03179b87a2/internals/fiscal-sponsorships/hackclub/confirmation-letters/fiscal_sponsorship_letter-lorebooks-wiki.pdf) (dated May 23, 2025)
* The fiscal sponsorship agreement terms as of August 23, 2023: TBD