Legal Status/Disclaimer

Purpose

SEFCEDA is organized for charitable, educational, and public services purposes and is organized under Nonprofit Corporation Law, commencing with California Corporations Code section 5000. The specific purpose of this corporation is to operate a community economic development nonprofit corporation.

The incorporation of SEFCEDA as a nonprofit organization was approved by the California Secretary of State on March 24, 2011. On April 12, 2011 SEFCEDA filed an application for tax-exempt designation by the Internal Revenue Service and the Franchise Tax Board. The Franchise Tax Board has approved SEFCEDA's application and its State tax exempt status is effective retroactive to 02/24/2011.   The federal tax-exempt  was also approved by the IRS effective 02/24/2011. 

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