Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Mar 1990.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
99 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
14 people listed on the 990; $1.5M paid to officers and key staff.
Wesley Wellons’s $281K as President/COO is at the 64th percentile of top reported officer pay among 414 $10–100M employment nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Luis Alvarez | — | — | — | $144,375 | $449,625 |
| Wesley Wellons | $281,198 | $256,465 | $260,000 | $230,385 | $197,308 |
| Maria G Soto | $176,272 | $173,795 | $201,250 | $150,481 | $103,846 |
| Mark Short | $163,884 | $163,594 | $158,654 | — | — |
| Geronimo Medina | $143,077 | $152,692 | $140,000 | $145,385 | $145,385 |
| Loretta Hemsworth | — | $138,167 | $129,600 | $129,600 | $134,585 |
| Loretta Enriquez | — | — | $120,000 | $115,865 | — |
| Macrina Rivera | $118,211 | — | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides integrated employment opportunities for people with disabilities, fostering self-determination and success.
Questions for Readyone Industries INC
Your first name shows with your question. Readyone Industries INC answers here, for everyone.
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To provide employment to individuals with significant disabilities in an environment that inspires and nurtures self determination and success. Employing 307 severely disabled individuals at december 31, 2020.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $5.3M | $2.3M |
| InvestmentsLn 11–13 | $4.0M | $4.0M |
| Land, buildings, equipmentLn 10c | $15.3M | $15.0M |
| Total assetsLn 16 | $75.8M | $82.4M |
| LiabilitiesLn 26 | $14.6M | $21.7M |
| Net assetsLn 32 | $61.1M | $60.7M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $1.1M | $852K | $261K | |
| Other salaries and wagesLn 7 | $13.5M | $13.1M | $355K | |
| Pension plan contributionsLn 8 | $107K | $105K | $2K | |
| Other employee benefitsLn 9 | $1.8M | $1.8M | ||
| Payroll taxesLn 10 | $1.4M | $1.3M | $36K | |
| Legal feesLn 11b | $75K | $75K | ||
| Accounting feesLn 11c | $116K | $116K | ||
| Other fees for servicesLn 11g | $134K | $134K | ||
| Advertising and promotionLn 12 | $57K | $57K | ||
| Office expensesLn 13 | $226K | $226K | ||
| Information technologyLn 14 | $683K | $683K | ||
| RoyaltiesLn 15 | $27K | $27K | ||
| OccupancyLn 16 | $565K | $565K | ||
| TravelLn 17 | $109K | $109K | ||
| Depreciation, depletion and amortizationLn 22 | $1.2M | $1.2M | ||
| InsuranceLn 23 | $325K | $173K | $152K | |
| Other expenses (24a–d)Ln 24 | $81.5M | $81.4M | $9K | |
| All other expensesLn 24e | $214K | $78K | $135K | |
| Total functional expensesLn 25 | $103.1M | $101.8M | $1.3M | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $65.4M | $61.0M | $4.4M | $54.7M | 990 PDF |
| FY2023 | $46.9M | $48.5M | −$1.7M | $50.3M | 990 PDF |
| FY2022 | $47.6M | $50.0M | −$2.5M | $51.9M | 990 PDF |
| FY2021 | $73.6M | $79.8M | −$6.3M | $54.4M | 990 PDF |
| FY2020 Viewing | $102.6M | $103.1M | −$458K | $60.7M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $102,603,923 revenue, 12 lines filed
Part VI · Governance 7 of 7 board members independent, no flags
Part VIII · Statement of revenue $102,603,923 across 8 lines filed
Part IX · Statement of functional expenses $103,061,758 across 18 lines filed
Part X · Balance sheet $82,380,053 assets, 14 lines filed
Part XI · Reconciliation of net assets $60,660,417 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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