2014-08-14T12:19:24-05:00 2013-12-31 742014723 LAUTERBACH BORSCHOW & COMPANY PC 4130 RIO BRAVO DRIVE EL PASO TX 79902 990 2013-01-01 742544266 READYONE INDUSTRIES INC READ 9158587277 1414 ABILITY DRIVE EL PASO TX 79936 RUSSELL GIBSON VICE-PRESIDENT, CFO 9158587277 2014-08-14 1 CINDY F LYONS CPA P00061457 9155446950 2014-08-05 2013 2015-11-30 17:44:51Z RUSSELL GIBSON 1414 ABILITY DRIVE EL PASO TX 79936 111606922 0 X WWW.READYONE.ORG X 1989 TX READYONE INDUSTRIES PROVIDES EMPLOYMENT OPPORTUNITIES TO PEOPLE WITH SEVERE (CONTINUED ON SCH. O) DISABILITIES, PRINCIPALLY THROUGH THE MANUFACTURE AND DELIVER OF PRODUCTS AND SERVICES TO THE FEDERAL GOVERNMENT UNDER THE ABILITYONE PROGRAM. OUR PRIMARY PRODUCTS ARE MILITARY UNIFORMS AND CARDBOARD PRODUCTS. 7 7 1542 0 0 0 72668716 100369387 8532345 10534299 618043 45566 583711 657670 82402815 111606922 3500 14064 0 0 27822476 28463009 0 0 0 57504030 82254803 85330006 110731876 -2927191 875046 78053305 71605954 14945652 7623255 63107653 63982699 TO PROVIDE EMPLOYMENT TO INDIVIDUALS WITH SIGNIFICANT DISABILITIES IN AN ENVIRONMENT THAT INSPIRES AND NURTURES SELF DETERMINATION AND SUCCESS. EMPLOYING 660 SEVERELY DISABLED INDIVIDUALS AT DECEMBER 31, 2013. 0 0 108740824 14064 10534299 TO PROVIDE EMPLOYMENT TO INDIVIDUALS WITH SIGNIFICANT DISABILITIES IN AN ENVIRONMENT THAT INSPIRES AND NURTURES SELF DETERMINATION AND SUCCESS. EMPLOYING 660 SEVERELY DISABLED INDIVIDUALS AT DECEMBER 31, 2013. 108740824 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 63 0 1 1542 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 RUSSELL GIBSON 9158587277 1414 ABILITY DRIVE EL PASO TX 79936 LEONARD GOODMAN CHAIRMAN 2.70 X X 41000 0 0 ARTHUR GREGG DIRECTOR 5.00 X 41000 0 0 MERRITT ALLEN SECRETARY 2.50 X X 27000 0 0 MARTIN BERKOWITZ DIRECTOR 1.80 X 22000 0 0 GARY HEDRICK DIRECTOR 2.70 X 25000 0 0 BOB ROCKEY DIRECTOR 1.00 X 6667 0 0 TONY MARTINEZ DIRECTOR 2.00 X 23167 0 0 MARINA ARDOVINO DIRECTOR 2.20 X 22000 0 0 TONY MARTINEZ CEO/PRESIDENT 52.00 X 15005 0 0 RUSSELL G GIBSON CFO/VICE PRESIDENT 52.00 X 228525 0 29931 CYNTHIA DEHARO VICE PRESIDENT OF PRODUCTS 55.00 X 180971 0 21369 JUAN BEZANILLA ENGINEERING MANAGER 47.00 X 109750 0 17631 FEDERICO SOSA SALES MANAGER 50.00 X 111227 0 12756 MIKE MASON CONTROLLER 50.00 X 104120 0 17004 THOMAS G AHMANN FORMER CEO/PRESIDENT 54.00 X 290536 0 1266 1247968 0 99957 6 1 1 0 VARAY SYSTEMS LLC 201 E MAIN ST 700 EL PASO TX 79901 COMPUTER SERVICES 273691 SECURITAS SECURITY SERVICES 1155 WESTMORELAND EL PASO TX 79935 SECURITY SERVICES 195467 MOUNCE GREEN MYERS SAFI & GALATZAN PO BOX 1977 EL PASO TX 79950 LEGAL SERVICES 172069 LAUTERBACH BORSCHOW & CO PC 4130 RIO BRAVO DR SUITE B EL PASO TX 79902 ACCOUNTING AND AUDITING SERVICES 129368 KORNFERRY INTERNATIONAL NW 5064 PO BOX 1450 MINNEAPOLIS MN 55485 EXECUTIVE SEARCH SERVICES 113906 6 100369387 100369387 GARMENT AND PACKAGING 310000 10534299 10534299 10534299 19696 19696 25870 0 25870 25870 25870 INSURANCE REIMBURSEMEN 900099 503282 503282 OTHER INCOME 900099 154388 154388 657670 111606922 10534299 0 703236 14064 14064 1270152 1015577 254575 22299827 21904607 395220 178654 176894 1760 2763312 2714125 49187 1951064 1916290 34774 334699 55080 279619 129460 129460 555534 555534 29828 29828 429901 429901 424212 424212 1223806 1223806 841374 841374 272807 272807 6209 6209 1391207 1347590 43617 305612 164280 141332 MATERIALS 72684030 72684030 NISH COMMISSIONS 2130965 2130965 FREIGHT 1165544 1165544 FACTORY CLEANING SUPPLI 165040 165040 164575 58601 105974 110731876 108740824 1991052 0 12268930 11549224 2213077 1965758 7758194 8402209 32103476 26697153 200235 209569 40895480 18113439 23509393 22782041 78053305 71605954 5637255 3873255 9308397 3750000 14945652 7623255 X 63107653 63982699 63107653 63982699 78053305 71605954 875046 0 X 0 1 X 1 0 X 138266244 104798298 94024481 72668716 100369387 510127126 8318142 6014622 7657139 8532345 10534299 41056547 29236 132186 81685 2378619 25870 2647596 146613622 110945106 101763305 83579680 110929556 553831269 0 0 0 553831269 335091 92341 70799 24684 19696 542611 335091 92341 70799 24684 19696 542611 2411190 71407 26171 583711 657670 3750149 149359903 111108854 101860275 84188075 111606922 558124029 0.99230 0.97310 0.00100 0.00300 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4927122 4927122 20142041 6299505 13842536 10874741 8117185 2757556 4951576 3696749 1254827 22782041 NOTES PAYABLE 3750000 3750000 X 111606922 0 111606922 0 111606922 110731876 0 110731876 0 110731876 PART X, LINE 2: THE ORGANIZATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE (IRC), THOUGH IT WOULD BE SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSES (UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE IRC). ACCORDINGLY, THE ACCOMPANYING FINANCIAL STATEMENTS DO NOT REFLECT A PROVISION OR LIABILITY FOR FEDERAL OR STATE INCOME TAXES. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY (OR ASSET) IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE INTERNAL REVENUE SERVICE. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY (OR ASSET) OR DISCLOSURE IN THE FINANCIAL STATEMENTS. 1 X X X X 0 0 0 1 0 1 0 0 0 RUSSELL G GIBSON CFO/VICE PRESIDENT 202525 0 26000 0 0 0 17300 0 12631 0 258456 0 0 0 CYNTHIA DEHARO VICE PRESIDENT OF PRODUCTS 157971 0 23000 0 0 0 13659 0 7710 0 202340 0 0 0 THOMAS G AHMANN FORMER CEO/PRESIDENT 256411 0 34125 0 0 0 1266 0 0 0 291802 0 0 0 PART I, LINE 5 REVENUES WERE ONE OF SEVERAL FACTORS IN DETERMINING CEO'S COMPENSATION. PART I, LINE 6 NET INCOME 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. FORM 990 IS AVAILABLE ON GUIDESTAR.ORG.