Totals
- Total revenue
- $47,555,263
- Total expenses
- $50,037,001
- Contributions and grants received
- $41,763,571
- Grants paid
- $0
- Program service revenue
- $4,847,373
- Investment income
- $385,564
- Other revenue
- $558,755
- Total assets, end of year
- $56,295,886
- Total liabilities, end of year
- $4,381,873
- Net assets or fund balances, end of year
- $51,914,013
- Program services expenses (Part IX)
- $48,753,103
- Management and general expenses
- $1,283,898
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $48,753,103
Program services were 97.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$41,763,571
-
2a · Program service revenue: GARMENT AND PACKAGING
total $4,847,373 · related or exempt $4,847,373
-
3 · Investment income
total $363,930 · excluded $363,930
-
6a · Gross rents
real property $235,218
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $235,218
-
6d · Net rental income or loss
total $235,218 · excluded $235,218
-
7a · Gross sales of assets other than inventory
other assets $79,367
-
7b · Less cost or other basis and sales expenses
other assets $57,733
-
7c · Gain or loss
other assets $21,634
-
7d · Net gain or loss
total $21,634 · related or exempt $21,634
-
11a · Other revenue: OTHER INCOME
total $323,537 · excluded $323,537
-
11e · Other revenue, total
$323,537
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $1,410,231 · program services $1,105,692 · management and general $304,539
-
7 · Other salaries and wages
total $9,532,291 · program services $9,213,381 · management and general $318,910
-
8 · Pension plan contributions
total $71,355 · program services $69,320 · management and general $2,035
-
9 · Other employee benefits
total $1,244,440 · program services $1,244,440
-
10 · Payroll taxes
total $860,825 · program services $828,588 · management and general $32,237
-
11a · Fees: management
total $250,411 · management and general $250,411
-
11b · Fees: legal
total $66,468 · management and general $66,468
-
11g · Fees: other
total $137,362 · management and general $137,362
-
12 · Advertising and promotion
total $3,286 · program services $3,286
-
13 · Office expenses
total $316,331 · program services $316,331
-
14 · Information technology
total $397,236 · program services $397,236
-
16 · Occupancy
total $750,209 · program services $750,209
-
17 · Travel
total $87,718 · program services $87,718
-
19 · Conferences, conventions and meetings
total $1,345 · program services $1,345
-
22 · Depreciation, depletion and amortization
total $1,141,467 · program services $1,141,467
-
23 · Insurance
total $368,189 · program services $207,100 · management and general $161,089
-
24a · Other expenses: MATERIALS
total $31,775,864 · program services $31,775,864
-
24b · Other expenses: NISH COMMISSIONS
total $871,577 · program services $871,577
-
24c · Other expenses: FREIGHT
total $642,566 · program services $642,566
-
24d · Other expenses: FACTORY CLEANING SUPPLI
total $96,817 · program services $96,817
-
24e · All other expenses
total $11,013 · program services $166 · management and general $10,847
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $9,635,037 · end of year $7,344,067
-
4 · Accounts receivable
beginning of year $15,964,967 · end of year $17,762,542
-
8 · Inventories for sale or use
beginning of year $16,073,737 · end of year $13,367,853
-
9 · Prepaid expenses and deferred charges
beginning of year $461,491 · end of year $438,039
-
10a · Land, buildings and equipment: cost or other basis
$35,553,477
-
10b · Land, buildings and equipment: accumulated depreciation
$22,301,135
-
10c · Land, buildings and equipment, net
beginning of year $14,045,108 · end of year $13,252,342
-
12 · Investments: other securities
beginning of year $4,000,000 · end of year $4,000,000
-
15 · Other assets
beginning of year $0 · end of year $131,043
-
17 · Accounts payable and accrued expenses
beginning of year $5,489,045 · end of year $4,147,264
-
24 · Unsecured notes and loans payable
beginning of year $295,544 · end of year $105,553
-
25 · Other liabilities
beginning of year $0 · end of year $129,056
-
27 · Net assets without donor restrictions
beginning of year $54,395,751 · end of year $51,914,013
Mission and programs · 2022
Mission
TO PROVIDE EMPLOYMENT TO INDIVIDUALS WITH SIGNIFICANT DISABILITIES IN AN ENVIRONMENT THAT INSPIRES AND NURTURES SELF DETERMINATION AND SUCCESS. EMPLOYING 178 SEVERELY DISABLED INDIVIDUALS AT DECEMBER 31, 2022.
Activities or mission (Part I)
READYONE INDUSTRIES IS COMMITTED TO PROVIDING A COMPETITIVELY INTEGRATED (CONTINUED ON SCHEDULE O) EMPLOYMENT ENVIRONMENT OFFERING OPPORTUNITIES FOR THOSE OF ALL ABILITIES, ETHNICITIES AND ORIENTATIONS TO ENSURE A DIVERSE AND INCLUSIVE WORKFORCE WHILE SUPPORTING OPPORTUNITIES FOR SELF-DETERMINATION AND SUCCESS IN BOTH PERSONAL AND PROFESSIONAL SETTINGS FOR THOSE WITH DISABILITIES.
-
TO PROVIDE EMPLOYMENT TO INDIVIDUALS WITH SIGNIFICANT DISABILITIES IN AN ENVIRONMENT THAT INSPIRES AND NURTURES SELF DETERMINATION AND SUCCESS. EMPLOYING 178 SEVERELY DISABLED INDIVIDUALS AT DECEMBER 31, 2022.
Expenses $48,753,103 · Revenue $4,869,007
As filed on the 2022 return.
Listed in Part VII
-
Adolpho TellesADOLPHO TELLES
DIRECTOR
- Total calculated
- $17,875
- From this org
- $17,875
- From related orgs
- $0
- Other
- $0
- Hours/week
- 13.96
-
Robert RockeyROBERT ROCKEY
CHAIRMAN, DIRECTOR
- Total calculated
- $39,604
- From this org
- $39,604
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12.21
-
Nancy HeimbaughNANCY HEIMBAUGH
SECRETARY, DIRECTOR
- Total calculated
- $29,920
- From this org
- $29,920
- From related orgs
- $0
- Other
- $0
- Hours/week
- 10.25
-
Ltg Ret SolomonLTG RET SOLOMON
DIRECTOR
- Total calculated
- $35,200
- From this org
- $35,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 22.72
-
Bradley DavisBRADLEY DAVIS
DIRECTOR
- Total calculated
- $32,150
- From this org
- $32,150
- From related orgs
- $0
- Other
- $0
- Hours/week
- 16.5
-
Carmen Arrieta- CandelariaCARMEN ARRIETA- CANDELARIA
DIRECTOR
- Total calculated
- $33,573
- From this org
- $33,573
- From related orgs
- $0
- Other
- $0
- Hours/week
- 12.25
-
Stephanie KarrSTEPHANIE KARR
DIRECTOR
- Total calculated
- $8,800
- From this org
- $8,800
- From related orgs
- $0
- Other
- $0
- Hours/week
- 4.21
-
Rene PenaRENE PENA
DIRECTOR
- Total calculated
- $4,217
- From this org
- $4,217
- From related orgs
- $0
- Other
- $0
- Hours/week
- 9
-
Eduardo MonarezEDUARDO MONAREZ
DIRECTOR
- Total calculated
- $4,217
- From this org
- $4,217
- From related orgs
- $0
- Other
- $0
- Hours/week
- 1.96
-
Wesley WellonsWESLEY WELLONS
PRESIDENT/COO
- Total calculated
- $285,054
- From this org
- $260,000
- From related orgs
- $0
- Other
- $25,054
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $250,000
- Bonus
- $10,000
- Other
- $0
- Deferred
- $2,600
- Nontaxable benefits
- $22,454
- Filer's total
- $285,054
-
Maria G SotoMARIA G SOTO
CHIEF FINANCIAL OFFICER
- Total calculated
- $223,704
- From this org
- $201,250
- From related orgs
- $0
- Other
- $22,454
- Hours/week
- 60
Schedule J breakdown matched by us
- Base
- $192,500
- Bonus
- $8,750
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $22,454
- Filer's total
- $223,704
-
Mark ShortMARK SHORT
VICE PRESIDENT OF BUSINESS DEVELOPMENT
- Total calculated
- $165,846
- From this org
- $158,654
- From related orgs
- $0
- Other
- $7,192
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $158,654
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $7,192
- Filer's total
- $165,846
-
Geronimo MedinaGERONIMO MEDINA
GENERAL MANAGER GARMENT DI
- Total calculated
- $140,993
- From this org
- $140,000
- From related orgs
- $0
- Other
- $993
- Hours/week
- 60
-
Loretta HemsworthLORETTA HEMSWORTH
DIRECTOR OF CORRUGATED
- Total calculated
- $140,134
- From this org
- $129,600
- From related orgs
- $0
- Other
- $10,534
- Hours/week
- 50
-
Maria E GomezMARIA E GOMEZ
DIRECTOR OF ENGINEERING
- Total calculated
- $119,977
- From this org
- $112,035
- From related orgs
- $0
- Other
- $7,942
- Hours/week
- 40
-
Maria I MerazMARIA I MERAZ
DIRECTOR OF CONTRACTS ADMI
- Total calculated
- $113,160
- From this org
- $103,155
- From related orgs
- $0
- Other
- $10,005
- Hours/week
- 60
-
Loretta EnriquezLORETTA ENRIQUEZ
DIRECTOR OF HUMAN RESOURCE
- Total calculated
- $123,393
- From this org
- $120,000
- From related orgs
- $0
- Other
- $3,393
- Hours/week
- 50
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 5a · Pay contingent on this organization's revenues
- 6a · Pay contingent on this organization's net earnings
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5b · Pay contingent on a related organization's revenues
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 5
- REVENUES WERE ONE OF SEVERAL FACTORS IN DETERMINING CEO'S COMPENSATION.
- PART I, LINE 6
- NET EARNINGS WAS ONE OF THE SEVERAL FACTORS IN DETERMINING THE CEO'S COMPENSATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
READYONE HOLDINGS LLC
INACTIVE · TX
Directly controlled by READYONE INDUSTRIES INC
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
ROICOM USA LLC
C · GARMENT MANUFACTURING · TX · 100% owned · share of assets $1,449,945 · controlled entity
Directly controlled by READYONE INDUSTRIES INC
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 13 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323199349324697
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.