2016-08-15T12:54:56-05:00 2015-12-31 742014723 LAUTERBACH BORSCHOW & COMPANY PC 4130 RIO BRAVO STREET EL PASO TX 79902 990 2015-01-01 742544266 READYONE INDUSTRIES INC READ 9158587277 1414 ABILITY DRIVE EL PASO TX 79936 MICHAEL MASON CHIEF FINANCIAL OFFICER 9158587277 2016-08-15 1 GREGORY O HARTLEY CPA P01352160 9155446950 2016-08-10 2015 2016-12-15 16:53:06Z MICHAEL MASON 1414 ABILITY DRIVE EL PASO TX 79936 67075119 0 X WWW.READYONE.ORG X 1989 TX READYONE INDUSTRIES PROVIDES EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH (CONTINUED ON SCHEDULE O) SEVERE DISABILITIES, PRINCIPALLY THROUGH THE MANUFACTURE AND DELIVERY OF PRODUCTS AND SERVICES TO THE FEDERAL GOVERNMENT UNDER THE ABILITYONE PROGRAM. OUR PRIMARY PRODUCTS ARE MILITARY UNIFORMS AND CARDBOARD PRODUCTS. 7 7 1264 0 0 0 90619941 57367047 8727394 9428807 20662 24426 160989 254839 99528986 67075119 5603 2853 0 0 22936169 23079244 0 0 0 78280880 42710639 101222652 65792736 -1693666 1282383 69498686 72051331 7209654 8479916 62289032 63571415 TO PROVIDE EMPLOYMENT TO INDIVIDUALS WITH SIGNIFICANT DISABILITIES IN AN ENVIRONMENT THAT INSPIRES AND NURTURES SELF DETERMINATION AND SUCCESS. EMPLOYING 568 SIGNIFICANTLY DISABLED INDIVIDUALS AT DECEMBER 31, 2015. 0 0 63438399 2853 9428807 TO PROVIDE EMPLOYMENT TO INDIVIDUALS WITH SIGNIFICANT DISABILITIES IN AN ENVIRONMENT THAT INSPIRES AND NURTURES SELF DETERMINATION AND SUCCESS. EMPLOYING 568 SIGNIFICANTLY DISABLED INDIVIDUALS AT DECEMBER 31, 2015. 63438399 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 54 0 1 1264 1 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MICHAEL MASON 9158587277 1414 ABILITY DRIVE EL PASO TX 79936 LEONARD GOODMAN OUTGOING CHAIRMAN , DIRECTOR 1.90 X X 31633 0 0 GARY HEDRICK INCOMING CHAIRMAN, DIRECTOR 1.90 X X 32267 0 0 MARINA ARDOVINO DIRECTOR 2.10 X 22000 0 0 ROBERTO ROCKEY DIRECTOR 3.70 X 31000 0 0 NANCY HEIMBAUGH SECRETARY, DIRECTOR 3.90 X X 44466 0 0 LTG RET SOLOMON DIRECTOR 8.60 X 43000 0 0 BRADLEY DAVIS DIRECTOR 3.30 X 23750 0 0 CARMEN ARRIETA- CANDELARIA DIRECTOR 1.50 X 16750 0 0 MERRITT ALLEN DIRECTOR 1.20 X 8400 0 0 TONY MARTINEZ PRESIDENT 54.00 X 259687 0 6609 MICHAEL MASON CHIEF FINANCIAL OFFICER 60.00 X 197281 0 21073 CYNTHIA DEHARO VICE PRESIDENT 56.00 X 199252 0 16534 PATRICK O'CONNER VICE PRESIDENT 55.00 X 75898 0 7276 JUAN BEZANILLA KEY EMPLOYEE 45.00 X 107424 0 21963 RANDY INGEL KEY EMPLOYEE 50.00 X 110983 0 8733 1203791 0 82188 5 0 1 0 HOULIHAN LOKEY CONSULTING INC PO BOX 1977 EL PASO TX 79950 STRATEGIC BUSINESS CONSULTING 768141 K&L GATES PO BOX 841547 LOS ANGELES CA 900841547 LEGAL SERVICES 317550 VARAY SYSTEMS LLC 201 E MAIN ST 700 EL PASO TX 79901 COMPUTER SERVICES 260504 MANAGING PROCUREMENT SOLUTION ONE NORTH FRANKLIN STREEET SUITE 21 CHICAGO IL 60606 BUSINESS CONSULTING 148366 SECURITAS SECURITY SERVICES 1155 WESTMORELAND EL PASO TX 79935 SECURITY SERVICES 134631 5 57367047 57367047 GARMENT AND PACKAGING 310000 9428807 9428807 9428807 23576 23576 232217 0 232217 232217 232217 850 0 850 850 850 OTHER INCOME 900099 22622 22622 22622 67075119 9428807 0 279265 2853 2853 902682 623451 279231 18188770 17834690 354080 125871 124777 1094 2167616 2124264 43352 1694305 1662448 31857 421610 296038 125572 93778 93778 1020985 1020985 43508 43508 357570 357570 556359 556359 10094 10094 608312 608312 188175 188175 25400 25400 53125 53125 1422275 1378563 43712 291158 159358 131800 MATERIALS 34122724 34122724 NISH COMMISSIONS 2103062 2103062 FREIGHT 1049122 1049122 MISCELLANEOUS 173645 173645 169737 167631 2106 65792736 63438399 2354337 0 25985523 25167138 984674 1963543 5429980 2133977 14651742 21619803 404352 214474 41960964 21008568 22042415 20952396 69498686 72051331 4709654 2374943 4604973 2500000 1500000 7209654 8479916 X 62289032 63571415 62289032 63571415 69498686 72051331 1282383 0 X 0 1 X 1 0 X 94024481 72668716 100369387 90619941 57367047 415049572 7657139 8532345 10534299 8727394 9428807 44879984 593359 139392 232217 964968 101681620 81794420 110903686 99486727 67028071 460894524 0 0 0 460894524 70799 24684 19696 16515 23576 155270 70799 24684 19696 16515 23576 155270 0 26171 583711 657670 21597 22622 1311771 101778590 82402815 111581052 99524839 67074269 462361565 0.99680 0.99660 0.00030 0.00040 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4927122 4927122 20415321 7503032 12912289 11431045 9271205 2159840 5187476 4234331 953145 20952396 X PART X, LINE 2: PART IX, QUESTION 2: ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE AGENCY AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE AGENCY HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE AGENCY, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2015, NO UNCERTAIN POSITIONS HAVE BEEN TAKEN OR ARE EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. X X X X 0 0 0 1 0 1 0 0 0 TONY MARTINEZ PRESIDENT 247187 0 12500 0 0 0 96 0 6513 0 266296 0 0 0 MICHAEL MASON CHIEF FINANCIAL OFFICER 177281 0 20000 0 0 0 7059 0 14014 0 218354 0 0 0 CYNTHIA DEHARO VICE PRESIDENT 164839 0 17000 0 17413 0 10021 0 6513 0 215786 0 16000 0 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. FORM 990, PART VI, SECTION B, LINE 11 THE AGENCY SENT THE COMPLETED FORM 990 TO EACH OF ITS BOARD MEMBERS AS WELL AS EXECUTIVE MANAGEMENT AND OUTSIDE COUNSEL FOR THEIR REVIEW. THE PARTIES PROVIDED COMMENTS TO THE CFO WHO THEN DISCUSSED THEM WITH THE CHAIR OF THE AUDIT COMMITTEE AND AGENCY MANAGEMENT. THE AGENCY MADE APPROPRIATE CHANGES TO THE RETURN, AND REPORTED BACK TO THE BOARD OF DIRECTORS, WHO THEN APPROVED THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY STATES THAT EACH DIRECTOR, OFFICER, KEY EMPLOYEE AND COMMITTEE MEMBER MUST INFORM THE BOARD OF ANY POSITION HELD OR ANY ACTIVITY THAT MAY RESULT IN A POSSIBLE CONFLICT OF INTEREST OR BIAS AT THE TIME THE TRANSACTION IS UNDER CONSIDERATION BY THE BOARD. THE BOARD, DURING ITS MEETINGS, REGULARLY REMINDS ITS MEMBER OF DISCLOSING CONFLICTS OF INTEREST DURING ITS DISCUSSIONS. THE BOARD STRENGTHENED ITS POLICY BY REQUIRING EACH COVERED PERSON TO ANNUALLY AFFIRM COMPLIANCE WITH THE POLICY. FORM 990, PART VI, SECTION B, LINE 15 THE AGENCY HAS A COMPENSATION POLICY THAT GOVERNS THE PROCESS BY WHICH THE BOARD OF DIRECTORS ESTABLISHES COMPENSATION PAID TO ITS OFFICERS, DIRECTORS, AND KEY EMPLOYEES. A CRITICAL COMPONENT OF THE POLICY IS TO PREVENT READYONE FROM ENTERING INTO AN EXCESS BENEFIT TRANSACTION AND TO AFFORD THE PROTECTIONS OF THE REBUTTABLE PRESUMPTION OF REASONABLENESS WITH RESPECT TO KEY COMPENSATION ARRANGEMENTS. THE POLICY REQUIRES THAT AN ANNUAL REVIEW BE CONDUCTED OF OFFICERS, DIRECTORS AND KEY EMPLOYEES, AND THAT EACH DIRECTOR SIGN A STATEMENT AFFIRMING THE POLICY EACH YEAR. THE BOARD IS ALSO REQUIRED TO DETERMINE THAT EACH DIRECTOR VOTING ON THE COMPENSATION ARRANGEMENTS DOES NOT HAVE A CONFLICT OF INTEREST. AS PART OF THE ANNUAL REVIEW, EACH YEAR THE BOARD ENGAGES AN INDEPENDENT, QUALIFIED CONSULTING OR ACCOUNTING FIRM WITH EXPERTISE IN ESTABLISHING REASONABLE COMPENSATION. OFFICER AND KEY EMPLOYEE COMPENSATION IS ANALYZED ONE YEAR AND THE BOARD OF DIRECTOR'S COMPENSATION IS ANALYZED ALTERNATELY THE FOLLOWING YEAR, RESULTING IN A STUDY PERFORMED EVERY TWO YEARS FOR EACH CATEGORY OF COMPENSATION. IN ADDITION TO THE STUDY, THE BOARD AND MANAGEMENT REVIEW THE PROPOSED COMPENSATION FOR REASONABLENESS BY STUDYING COMPENSATION LEVELS BY SIMILAR TYPE ORGANIZATIONS, BOTH TAXABLE AND TAX EXEMPT, THE AVAILABILITY OF SIMILAR SERVICES IN THE AGENCY'S GEOGRAPHIC AREA, CURRENT COMPENSATION SURVEYS BY INDEPENDENT FIRMS, AND ACTUAL WRITTEN OFFERS FROM SIMILAR INSTITUTIONS. FORM 990, PART VI, SECTION C, LINE 19 THE AGENCY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. 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