Liabilities / Assets
91st percentile
Higher debt load relative to assets than 91% of similar nonprofits.
Softec Education Inc.
990EZ • Fiscal year 2020 • EIN 82-2164004
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.69x
Liabilities / Revenue
94th percentile
Higher debt load relative to revenue than 94% of similar nonprofits.
Net Margin
79th percentile
Higher net margin than 79% of similar nonprofits.
Top Officer Pay
76th percentile
Higher top officer pay than 76% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
75th percentile
Faster asset growth than 75% of similar nonprofits.
Revenue Growth
38th percentile
Faster revenue growth than 38% of similar nonprofits.
Balance Sheet
Assets
Up$188,260
Up $50,805 (+37%) from 2019
Net Assets
Up$59,301
Up $37,938 (+178%) from 2019
Liabilities
Up$128,959
Up $12,867 (+11%) from 2019
Revenue And Expenses
Revenue
Down$122,879
Down $45,778 (-27%) from 2019
Expenses
Down$84,940
Down $84,187 (-50%) from 2019
Net Income
Up$37,939
Up $38,409 (+8172%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2020 to Dec 31, 2020
- Signed
- May 24, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $122,879
Mission and Program Overview
Mission
Softec education, inc's mission is to provide a coordinated and collaborative educational training center pregram in the economically depressed northern counties, specifically burnett and the surrounding counties, of the state of wisconsin, to primarily unemployed and underemployed individuals.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| VIRTUAL REALITY TRAINING ON HEAVY EQUIPMENT, CNC MACHINE & INDUSTRIAL WELDING SIMULATORS TO TEACH AND DEVELOP SKILLS NEEDED TO OPERATE SAID EQUIPMENT SAFELY AND EFFECTIVELY IN A MUCH SMALLER AMOUNT OF TIME TYPICALLY REQUIRED IN A CLASSROOM CURRICULUM. | - | $51,905 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| BRUCE ALLEN | President/Se | - | $0 | - | - |
| JERRY TISCHER | Vice Preside | - | $0 | - | - |
| SUSAN ARMSTRONG | Director | - | $0 | - | - |
| GARY GERDS | Director | - | $0 | - | - |
| TIM TESSMAN | Director | - | $0 | - | - |
| MAUREEN WILSON | Director | - | $0 | - | - |
| PATRICIA SCHLACHTNER | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Softec Education Inc
- EIN
- 82-2164004
- Phone
- 7153497545
- Address
- PO BOX 451, SIREN, WI 54872
Signing Officer
- Name
- Bruce Allen
- Title
- President/secretary
- Phone
- 7156889629
- Signed
- 2021-05-24
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Adler Cpas & Advisors
- Address
- 1706 YORK ST STE 8, BLOOMER, WI 54724-1921
- Preparer
- David Adler
- Phone
- 7155685189
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses advertising 95 office 2,599 bank services charges 3 computer & internet 78 interest 8,215 building insurance 1,919 non-investment depreciation 270 total 13,179”
Form 990-ez, Part II, Line 24
“1,349 1,349 less accumulated depreciation 461 731 total 888 618”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 3,305 2,187 unsecured notes and loans payable 112,788 110,772 eidl loan 0 1,000 sba loan 0 15,000”
Form 990-ez, Part III
“Softec education, inc's mission is to provide a coordinated and collaborative educational training center pregram in the economically depressed northern counties, specifically burnett and the surrounding counties, of the state of wisconsin, to primarily unemployed and underemployed individuals.”
Form 990-ez, Part III, Line 28
“Virtual reality training on heavy equipment, cnc machine & industrial welding simulators to teach and develop skills needed to operate said equipment safely and effectively in a much smaller amount of time typically required in a classroom curriculum.”
Raw XML Appendix155 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
| Path | # | Value |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | BRUCE ALLEN |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | JERRY TISCHER |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | SUSAN ARMSTRONG |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 3 | GARY GERDS |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 4 | TIM TESSMAN |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 5 | MAUREEN WILSON |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 6 | PATRICIA SCHLACHTNER |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | SOFTEC EDUCATION INC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 7153497545 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 25070 HWY 35 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | SIREN |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | WI |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 54872 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 2653 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 56404 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 114229 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 37939 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 64982 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 137455 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 188260 |
| IRS990EZ/GrossReceiptsAmt | 0 | 122879 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 133914 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 131238 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 21362 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 59301 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 21362 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 59301 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 6779 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 2.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | BRUCE ALLEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | JERRY TISCHER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | SUSAN ARMSTRONG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | GARY GERDS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | TIM TESSMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | MAUREEN WILSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | PATRICIA SCHLACHTNER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT/SE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 888 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 618 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 13179 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | SOFTEC EDUCATION, INC'S MISSION IS TO PROVIDE A COORDINATED AND COLLABORATIVE EDUCATIONAL TRAINING CENTER PREGRAM IN THE ECONOMICALLY DEPRESSED NORTHERN COUNTIES, SPECIFICALLY BURNETT AND THE SURROUNDING COUNTIES, OF THE STATE OF WISCONSIN, TO PRIMARILY UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 8650 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | VIRTUAL REALITY TRAINING ON HEAVY EQUIPMENT, CNC MACHINE & INDUSTRIAL WELDING SIMULATORS TO TEACH AND DEVELOP SKILLS NEEDED TO OPERATE SAID EQUIPMENT SAFELY AND EFFECTIVELY IN A MUCH SMALLER AMOUNT OF TIME TYPICALLY REQUIRED IN A CLASSROOM CURRICULUM. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 51905 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 116093 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 128959 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 84940 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 51905 |
| IRS990EZ/TotalRevenueAmt | 0 | 122879 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | WWW.SOFTECEDUCATION.ORG |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 114229 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 162657 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 57404 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 334290 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 19275 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 334290 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 114229 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 162657 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 57404 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 334290 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 334290 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES ADVERTISING 95 OFFICE 2,599 BANK SERVICES CHARGES 3 COMPUTER & INTERNET 78 INTEREST 8,215 BUILDING INSURANCE 1,919 NON-INVESTMENT DEPRECIATION 270 TOTAL 13,179 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | 1,349 1,349 LESS ACCUMULATED DEPRECIATION 461 731 TOTAL 888 618 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 3,305 2,187 UNSECURED NOTES AND LOANS PAYABLE 112,788 110,772 EIDL LOAN 0 1,000 SBA LOAN 0 15,000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | SOFTEC EDUCATION, INC'S MISSION IS TO PROVIDE A COORDINATED AND COLLABORATIVE EDUCATIONAL TRAINING CENTER PREGRAM IN THE ECONOMICALLY DEPRESSED NORTHERN COUNTIES, SPECIFICALLY BURNETT AND THE SURROUNDING COUNTIES, OF THE STATE OF WISCONSIN, TO PRIMARILY UNEMPLOYED AND UNDEREMPLOYED INDIVIDUALS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | VIRTUAL REALITY TRAINING ON HEAVY EQUIPMENT, CNC MACHINE & INDUSTRIAL WELDING SIMULATORS TO TEACH AND DEVELOP SKILLS NEEDED TO OPERATE SAID EQUIPMENT SAFELY AND EFFECTIVELY IN A MUCH SMALLER AMOUNT OF TIME TYPICALLY REQUIRED IN A CLASSROOM CURRICULUM. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2022-09-23 18:48:47Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | BRUCE ALLEN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT/SECRETARY |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7156889629 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2021-05-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | SOFTEC EDUCATION INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | SOFT |
| ReturnHeader/Filer/EIN | 0 | 822164004 |
| ReturnHeader/Filer/PhoneNum | 0 | 7153497545 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 451 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | SIREN |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 54872 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 461661225 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | ADLER CPAS & ADVISORS |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 1706 YORK ST STE 8 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | BLOOMER |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | WI |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 547241921 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7155685189 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2021-05-25 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | DAVID ADLER |
| ReturnHeader/PreparerPersonGrp/SelfEmployedInd | 0 | X |
| ReturnHeader/ReturnTs | 0 | 2021-05-25T10:47:06-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | BRUCE |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | ALLEN |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-12-31 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $188,260
- Liabilities
- $128,959
- Net assets
- $59,301
- Revenue
- $122,879
- Expenses
- $84,940
- Net income
- $37,939