501(C)(3) NONPROFIT

CFL Nonprofit Compliance

Capital Forge League is a registered 501(c)(3) nonprofit educational organization. Our programs are built around education, competition, and community development — not capital formation.

We Are Not a Broker-Dealer

CFL does not facilitate securities offerings, hold investor funds, or act as a funding portal or investment adviser. We are an educational competition organization, full stop.

Education-Only Programs

All CFL competitions, rankings, scoring, and awards are components of an educational, game-based program. Nothing we do constitutes an investment recommendation, endorsement, or financial advice.

Separate from StateCF.com

StateCF.com is an independent, licensed intermediary. CFL and StateCF.com are legally and operationally distinct entities. Any capital formation activity is conducted solely by StateCF.com under their own regulatory framework.

Donations Support Education

Contributions to CFL support our general charitable educational programs. Donations are not equity investments and carry no expectation of financial return.

CFL's 7 Core Principles

Transparent operations — no hidden agreements
Founder dignity — we never exploit participants
Educational integrity — programs are learning-first
Community focus — Florida-first mission
Conflict of interest disclosure — full transparency always
Data privacy — participant information is protected
Ongoing accountability — periodic nonprofit audits

Compliance Questions?

For questions about CFL's nonprofit status or educational programs, contact our team directly.

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For questions about StateCF.com's regulatory framework, visit StateCF.com directly.

Visit StateCF.com →

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Capital Forge League (CFL) is a 501(c)(3) nonprofit educational organization. CFL does not function as a broker-dealer, funding portal, or investment adviser. Content on this site is for educational purposes and does not constitute an offer to buy or sell securities or professional investment advice. League competitions, rankings, and awards are components of an educational, game-based program and do not represent investment recommendations, endorsements, or financial guarantees. Any capital formation for CFL-affiliated ventures occurs exclusively through StateCF.com or other licensed intermediaries under their respective regulatory frameworks. Donations to CFL support general charitable programming rather than specific equity investments. All disputes are subject to mandatory mediation in Hillsborough County, Florida.