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← READYONE INDUSTRIES INC

Form 990 for tax year 2024

Filed by READYONE INDUSTRIES INC.

Totals

Total revenue
$65,442,321
Total expenses
$61,001,544
Contributions and grants received
$59,205,925
Grants paid
$0
Program service revenue
$1,512,277
Investment income
$4,407,654
Other revenue
$316,465
Total assets, end of year
$84,173,812
Total liabilities, end of year
$29,469,166
Net assets or fund balances, end of year
$54,704,646
Program services expenses (Part IX)
$59,625,810
Management and general expenses
$1,375,734
Fundraising expenses
$0
Program service expenses (Part III)
$59,625,810

Program services were 97.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • BRADLEY DAVIS

    DIRECTOR

    Total calculated
    $31,020
    From this org
    $31,020
    From related orgs
    $0
    Other
    $0
    Hours/week
    21.25

  • RENE PENA

    DIRECTOR

    Total calculated
    $26,620
    From this org
    $26,620
    From related orgs
    $0
    Other
    $0
    Hours/week
    7.22

  • THOMAS ROBINSON

    DIRECTOR

    Total calculated
    $22,092
    From this org
    $22,092
    From related orgs
    $0
    Other
    $0
    Hours/week
    5.89

  • JOYCE A WILSON

    DIRECTOR

    Total calculated
    $24,200
    From this org
    $24,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    6.98

  • LTG RET LARRY WYCHE

    DIRECTOR

    Total calculated
    $25,300
    From this org
    $25,300
    From related orgs
    $0
    Other
    $0
    Hours/week
    10.6

  • CARMEN ARRIETA- CANDELARIA

    CHAIRMAN, DIRECTOR

    Total calculated
    $49,940
    From this org
    $49,940
    From related orgs
    $0
    Other
    $0
    Hours/week
    21.5

  • EDUARDO MONAREZ

    SECRETARY, DIRECTOR

    Total calculated
    $29,920
    From this org
    $29,920
    From related orgs
    $0
    Other
    $0
    Hours/week
    17.39

  • WESLEY WELLONS

    PRESIDENT/COO

    Total calculated
    $304,192
    From this org
    $281,198
    From related orgs
    $0
    Other
    $22,994
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $243,698
    Bonus
    $37,500
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $22,994
    Filer's total
    $304,192

  • MARIA G SOTO

    CHIEF FINANCIAL OFFICER

    Total calculated
    $197,695
    From this org
    $176,272
    From related orgs
    $0
    Other
    $21,423
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $176,272
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $21,423
    Filer's total
    $197,695

  • MARK SHORT

    VICE PRESIDENT OF BUSINESS DEVELOPMENT

    Total calculated
    $170,467
    From this org
    $163,884
    From related orgs
    $0
    Other
    $6,583
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $163,884
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $6,583
    Filer's total
    $170,467

  • MACRINA RIVERA

    HR DIRECTOR

    Total calculated
    $142,154
    From this org
    $118,211
    From related orgs
    $0
    Other
    $23,943
    Hours/week
    50

  • ABEL JAQUEZ

    ASSISTANT DIRECTOR OF FINANCIAL PLANNING

    Total calculated
    $124,335
    From this org
    $115,416
    From related orgs
    $0
    Other
    $8,919
    Hours/week
    50

  • MARIA I MERAZ

    DIRECTOR OF CONTRACTS ADMI

    Total calculated
    $116,998
    From this org
    $107,879
    From related orgs
    $0
    Other
    $9,119
    Hours/week
    50

  • GERONIMO MEDINA

    FORMER - GENERAL MANAGER GARMENT

    Total calculated
    $143,077
    From this org
    $143,077
    From related orgs
    $0
    Other
    $0
    Hours/week
    60

    Schedule J breakdown matched by us

    Base
    $143,077
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $143,077

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 $2,192,434 · controlled entity

    Directly controlled by READYONE INDUSTRIES INC

Provenance

Return type
form_990
Tax year
2024
Filed
7 November 2025
IRS schema version
2024v5.2
Source object
202543219349317369

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