Overview
What is Softec Education Inc?
Softec Education Inc is a nonprofit organization situated in the economically depressed northern counties of Wisconsin, specifically Burnett and its surrounding areas. Their primary focus is to support the unemployed and underemployed individuals in this region by offering a collaborative and coordinated educational training program. Using virtual reality simulators, they provide comprehensive training in operating heavy equipment, CNC machines, and industrial welding safely and effectively. This innovative approach significantly reduces the time typically required in a traditional classroom curriculum, thereby equipping individuals with valuable skills needed in the industry. The organization's mission is to contribute to the economic development of these areas by empowering its residents with the necessary skills for employment opportunities.
Official website here: www.softeceducation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement (Two-Star out of Four Stars) with an overall score of 61%. This rating indicates that while Softec Education Inc demonstrates some strong practices, particularly in areas like board independence and asset management, there are significant areas needing attention, particularly regarding accountability and financial transparency.
The nonprofit has received full points for having a majority independent board and for its program expense ratio, which is exceptionally high at 92.19%. This suggests a strong commitment to programmatic spending, ensuring that a large portion of resources directly supports its mission. However, the organization lacks several critical policies, such as conflict of interest and whistleblower protections, which are essential for maintaining accountability and trust.
Additionally, Softec Education Inc has not provided necessary financial documentation on its website, contributing to its lower accountability score. The liabilities to assets ratio is concerning at 74.09%, reflecting potential financial instability. Addressing these governance and transparency issues could significantly enhance the organization's effectiveness and credibility.
This AI summary has been generated from information found on Charity Navigator.
Is Softec Education Inc legitimate?
Softec Education Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Softec Education Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Official website here: www.softeceducation.org
What is the mission statement of Softec Education Inc?
Softec Education Inc's mission is to establish a collaborative and coordinated educational training program primarily for unemployed and underemployed individuals in economically depressed regions, specifically Burnett and its surrounding counties, within Wisconsin. The organization aims to accomplish this goal by offering virtual reality training in heavy equipment operation, CNC machines, and industrial welding, which allows individuals to develop necessary skills more efficiently than traditional classroom methods. This training program is designed to equip them with the necessary knowledge and expertise to operate these equipment safely and effectively.
Official website here: www.softeceducation.org
Who is the CEO of Softec Education Inc?
Bruce Allen is the President/Se of Softec Education Inc.
Official website here: www.softeceducation.org
What is the revenue of Softec Education Inc?
Softec Education Inc's revenue in 2022 was $74,397.
Official website here: www.softeceducation.org
Who are the executives of Softec Education Inc and what are their salaries?
Here are 5 key members and their salaries:
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Official website here: www.softeceducation.org
Where can I find the form 990 for Softec Education Inc?
Softec Education Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.softeceducation.org
Learn more at the official website: www.softeceducation.org
Mission Statement of Softec Education Inc
Softec Education Inc, a nonprofit organization, is dedicated to providing a collaborative and coordinated educational training program in economically depressed northern counties, specifically Burnett and the surrounding areas, within Wisconsin. The primary focus of this mission is to support primarily unemployed and underemployed individuals in the region. To achieve this goal, Softec Education Inc employs virtual reality training simulations for heavy equipment, CNC machines, and industrial welding. These simulations allow individuals to develop the necessary skills to operate these machines safely and effectively in a significantly shorter time frame compared to traditional classroom curriculums.
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Impact
August, 2024
Softec Education Inc's impact lies in providing virtual reality training on heavy equipment, CNC machine, and industrial welding simulators. This training helps individuals, particularly the unemployed and underemployed in economically depressed northern counties of Wisconsin, develop the skills necessary to operate such equipment safely and effectively in a shorter time frame than traditional classroom curriculums. By offering this specialized training program, Softec Education Inc aims to empower individuals with the skills needed to secure employment opportunities and improve their economic prospects.
This information is meant to be a general summary of Softec Education Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $74,397
Assets and Liabilities:
- Total Assets: $153,961
- Total Liabilities: $121,613
- Net Assets: $32,348
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Organization Details
Founding Year
2018
Phone
(715) 349-7545Principal Officer
Bruce Allen
Main Address
PO BOX 451, SIREN, WI, 54872
Website
www.softeceducation.orgNTEE Category
Code: B30 - Education
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