Nonprofit · EIN 74-2544266
READYONE INDUSTRIES INC
Tax-exempt · EL PASO, TX 79936
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $65,442,321 | $61,001,544 | $4,440,777 | $84,173,812 | $29,469,166 | $54,704,646 |
| December 31, 2023 | 990 | $46,888,319 | $48,538,463 | -$1,650,144 | $69,176,353 | $18,912,484 | $50,263,869 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $59,205,925
- of which government grants
- $59,205,925
- Program service revenue
- $1,512,277
- Investment income
- $4,407,654
- Net rental income
- $20,485
- Net gain from sales of assets
- $3,559,269
- Other revenue
- $316,465
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,556,675
- Other salaries and wages
- $11,483,488
- Salaries, compensation and benefits (total)
- $15,052,512
- Professional fundraising fees
- $0
- Legal fees
- $85,368
- Accounting fees
- $82,756
- Occupancy
- $528,700
- Travel
- $102,810
- Depreciation
- $1,084,283
- Program services (functional)
- $59,625,810
- Management and general (functional)
- $1,375,734
Balance sheet and other
- Total assets, start of year
- $69,176,353
- Total assets, end of year
- $84,173,812
- Total liabilities, end of year
- $29,469,166
- Net assets, end of year
- $54,704,646
- Land, buildings and equipment
- $11,313,230
- Net assets without donor restrictions
- $54,704,646
- Gross receipts
- $68,341,082
- Employees
- 724
- Volunteers
- 0
- Year formed
- 1989
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WESLEY WELLONS | PRESIDENT/COO Officer | 60 | $281,198 | $22,994 |
| MARIA G SOTO | CHIEF FINANCIAL OFFICER Officer | 60 | $176,272 | $21,423 |
| MARK SHORT | VICE PRESIDENT OF BUSINESS DEVELOPMENT Officer | 50 | $163,884 | $6,583 |
| GERONIMO MEDINA | FORMER - GENERAL MANAGER GARMENT Former | 60 | $143,077 | $0 |
| MACRINA RIVERA | HR DIRECTOR Highest-paid employee | 50 | $118,211 | $23,943 |
| ABEL JAQUEZ | ASSISTANT DIRECTOR OF FINANCIAL PLANNING Highest-paid employee | 50 | $115,416 | $8,919 |
| MARIA I MERAZ | DIRECTOR OF CONTRACTS ADMI Highest-paid employee | 50 | $107,879 | $9,119 |
| CARMEN ARRIETA- CANDELARIA | CHAIRMAN, DIRECTOR Officer | 21.5 | $49,940 | $0 |
| BRADLEY DAVIS | DIRECTOR Trustee or director | 21.25 | $31,020 | $0 |
| EDUARDO MONAREZ | SECRETARY, DIRECTOR Officer | 17.39 | $29,920 | $0 |
| RENE PENA | DIRECTOR Trustee or director | 7.22 | $26,620 | $0 |
| LTG RET LARRY WYCHE | DIRECTOR Trustee or director | 10.6 | $25,300 | $0 |
| JOYCE A WILSON | DIRECTOR Trustee or director | 6.98 | $24,200 | $0 |
| THOMAS ROBINSON | DIRECTOR Trustee or director | 5.89 | $22,092 | $0 |
990 for the year ended December 31, 2023: 17 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| WESLEY WELLONS | PRESIDENT/COO Officer | 60 | $256,465 | $22,946 |
| MARIA G SOTO | CHIEF FINANCIAL OFFICER Officer | 60 | $173,795 | $21,423 |
| MARK SHORT | VICE PRESIDENT OF BUSINESS Officer | 50 | $163,594 | $6,583 |
| GERONIMO MEDINA | GENERAL MANAGER GARMENT DI Highest-paid employee | 60 | $152,692 | $0 |
| LORETTA HEMSWORTH | DIRECTOR OF CORRUGATED Highest-paid employee | 50 | $138,167 | $9,718 |
| MARIA E GOMEZ | DIRECTOR OF ENGINEERING Highest-paid employee | 50 | $111,409 | $6,911 |
| MARIA I MERAZ | DIRECTOR OF CONTRACTS ADMI Highest-paid employee | 40 | $104,122 | $9,051 |
| CARMEN ARRIETA- CANDELARIA | CHAIRMAN, DIRECTOR Trustee or director, Officer | 21.5 | $48,290 | $0 |
| BRADLEY DAVIS | DIRECTOR Trustee or director | 22.67 | $33,715 | $0 |
| EDUARDO MONAREZ | SECRETARY, DIRECTOR Trustee or director, Officer | 16.6 | $30,213 | $0 |
| RENE PENA | DIRECTOR Trustee or director | 8.76 | $26,015 | $0 |
| LTG RET SOLOMON | DIRECTOR Trustee or director | 17.68 | $24,720 | $0 |
| ROBERT ROCKEY | DIRECTOR Trustee or director | 11.11 | $23,375 | $0 |
| JOYCE A WILLSON | DIRECTOR Trustee or director | 4.15 | $17,875 | $0 |
| THOMAS ROBINSON | DIRECTOR Trustee or director | 10.35 | $15,858 | $0 |
| NANCY HEIMBAUGH | DIRECTOR Trustee or director | 11.13 | $15,558 | $0 |
| LARRY WYCHE | DIRECTOR Trustee or director | 8 | $10,633 | $0 |
Address and contacts
- Address (IRS master file)
- 1414 ABILITY DR, EL PASO, TX 79936-6415
- Principal officer (990 for 2024)
- LUPE SOTO, 1414 ABILITY DRIVE, EL PASO, TX 79936
- Signed the 990
- LUPE SOTO, CHIEF FINANCIAL OFFICER
- Phone
- (915) 858-7277
- Website
- WWW.READYONE.ORG
- Return prepared by
- LAUTERBACH BORSCHOW & COMPANY PC
Mission
TO MANUFACTURE AND DELIVER INNOVATIVE AND HIGH-QUALITY GARMENTS FOR THE U.S. MILITARY WHILE EMPLOYING AND EMPOWERING A DISABLED WORKFORCE IN A COMPETITIVELY INTEGRATED EMPLOYMENT ENVIRONMENT.
Program accomplishments
- TO PROVIDE EMPLOYMENT TO INDIVIDUALS WITH SIGNIFICANT DISABILITIES IN AN ENVIRONMENT THAT INSPIRES AND NURTURES SELF DETERMINATION AND SUCCESS. EMPLOYING 304 SEVERELY DISABLED INDIVIDUALS AT DECEMBER 31, 2024.Expenses $59,625,810 · revenue $5,071,546
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2544266
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1990
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J30Z)
- Assets (IRS master file)
- $84,173,812
- Income (IRS master file)
- $68,341,082
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $65,442,321 | $61,001,544 | $84,173,812 | IRS |
| 990 | December 2023 | $46,888,319 | $48,538,463 | $69,176,353 | XML |
| 990 | December 2022 | $47,555,263 | $50,037,001 | $56,295,886 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2544266).
Questions about READYONE INDUSTRIES INC
- What is the EIN of READYONE INDUSTRIES INC?
- The employer identification number (EIN) of READYONE INDUSTRIES INC is 74-2544266.
- Is READYONE INDUSTRIES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1990.
- Are donations to READYONE INDUSTRIES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does READYONE INDUSTRIES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of READYONE INDUSTRIES INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did READYONE INDUSTRIES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of READYONE INDUSTRIES INC?
- The 990 for the year ended December 31, 2024 names LUPE SOTO.
- Who are the officers and directors of READYONE INDUSTRIES INC?
- The 990 for the year ended December 31, 2024 lists 14 people; 14 received compensation from the organization, the highest $281,198 (WESLEY WELLONS, PRESIDENT/COO).
- How much revenue does READYONE INDUSTRIES INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $65,442,321, expenses of $61,001,544 and total assets of $84,173,812 at year end.
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