Readyone Industries Inc
- Assets
- $69.2m
- Revenue
- $46.9m
- Investments
- $4.0m
- Employees
- 632
- Location
- El Paso, TX
- Founding
- 03/1990
- Data as of
- 12/2023
- EIN
- 74-2544266
Organization Overview
Readyone Industries Inc is located in El Paso, TX. The organization was established in 1990. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 12/2023, Readyone Industries Inc employed 632 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Readyone Industries Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Readyone Industries Inc generated $46.9m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (3.9%) each year. All expenses for the organization totaled $48.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (3.3%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
READYONE INDUSTRIES CREATES A SUPPORTIVE EMPLOYMENT ENVIRONMENT THAT (CONTINUED ON SCHEDULE O) CHAMPIONS DIVERSITY, EQUITY, AND INCLUSION, PROVIDING MEANINGFUL WORK OPPORTUNITIES FOR INDIVIDUALS OF ALL ABILITIES, ETHNICITIES, AND ORIENTATIONS. OUR MISSION EMPHASIZES NOT ONLY THE EMPOWERMENT OF PERSONS WITH DISABILITIES BUT ALSO EXTENDS OUR SUPPORT TO MILITARY VETERANS, ENSURING PATHWAYS FOR SELF-DETERMINATION AND SUCCESS IN BOTH PERSONAL AND PROFESSIONAL LIVES. WITH A COMMITMENT TO SKILL DEVELOPMENT, WE STRIVE TO ENRICH THE LIVES OF OUR WORKFORCE WHILE ATTRACTING FUTURE SUPPORT FROM GRANTING ORGANIZATIONS THAT RECOGNIZE THE PROFOUND IMPACT OF OUR PROGRAMS ON BOTH THE WORKFORCE AND THE BROADER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO PROVIDE EMPLOYMENT TO INDIVIDUALS WITH SIGNIFICANT DISABILITIES IN AN ENVIRONMENT THAT INSPIRES AND NURTURES SELF DETERMINATION AND SUCCESS. EMPLOYING 254 SEVERELY DISABLED INDIVIDUALS AT DECEMBER 31, 2023.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert Rockey Director | Trustee | 11.11 | $23,375 |
Nancy Heimbaugh Director | Trustee | 11.13 | $15,558 |
Ltg Ret Solomon Director | Trustee | 17.68 | $24,720 |
Bradley Davis Director | Trustee | 22.67 | $33,715 |
Carmen Arrieta- Candelaria Chairman, Director | OfficerTrustee | 21.5 | $48,290 |
Rene Pena Director | Trustee | 8.76 | $26,015 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sourceamerica Consulting | 12/30/23 | $870,276 |
Exenta Inc (Fka Simparel Inc) Consulting | 12/30/23 | $166,769 |
Rmp Temps Incorporated Contract Labor | 12/30/23 | $205,077 |
Mike Garcia Merchant Security Llc Contract Labor | 12/30/23 | $124,454 |
Dc Holdings Llc Consulting | 12/30/23 | $130,615 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,854,080 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $40,854,080 |
| Total Program Service Revenue | $4,448,149 |
| Investment income | $749,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $240,498 |
| Net Gain/Loss on Asset Sales | $2,188 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $46,888,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,497,264 |
| Compensation of current officers, directors, key employees. | $312,278 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,494,391 |
| Pension plan accruals and contributions | $46,639 |
| Other employee benefits | $815,430 |
| Payroll taxes | $935,584 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $175,229 |
| Fees for services: Accounting | $112,145 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $218,729 |
| Advertising and promotion | $542 |
| Office expenses | $310,894 |
| Information technology | $452,831 |
| Royalties | $0 |
| Occupancy | $451,018 |
| Travel | $73,445 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,781 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,088,802 |
| Insurance | $397,048 |
| All other expenses | $32,948 |
| Total functional expenses | $48,538,463 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,241,383 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $20,435,108 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $21,185,991 |
| Prepaid expenses and deferred charges | $338,189 |
| Net Land, buildings, and equipment | $12,905,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,000,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $70,585 |
| Total assets | $69,176,353 |
| Accounts payable and accrued expenses | $8,292,743 |
| Grants payable | $0 |
| Deferred revenue | $10,545,393 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $5,264 |
| Other liabilities | $69,084 |
| Total liabilities | $18,912,484 |
| Net assets without donor restrictions | $50,263,869 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $69,176,353 |