T2L2 Inc

EIN 88-2905638 • 501(c)3 • Springville, IN

Profile

T2L Inc doing business as the Joint Experimentation and Technology Accelerator JETX provides a comprehensive range of services that emphasize professional consortium management rapid test and assessment and facilitated acquisition support.

90 Randy Smith DrSpringville, IN 47462

www.techaccelerator.us

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

0.14x

Higher debt load relative to assets than 81% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

0.10x

Higher debt load relative to revenue than 83% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

55%

Higher net margin than 91% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

$5,058

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 1.2% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

2776%

Faster asset growth than 99% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2022 to 2024

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2024

Balance Sheet

Liabilities / Assets81st percentile

Assets

$297,734

Up $297,374 (+82604%) from 2022

Liabilities

$41,000

Up $40,640 (+11289%) from 2022

Net Assets

$256,734

Up $256,734 from 2022

Operations

Liabilities / Revenue83rd percentile Net Margin91st percentile

Revenue

$409,682

Up $409,682 from 2022

Expenses

$182,590

Up $182,230 (+50619%) from 2022

Net Income

$227,092

Up $227,452 (+63181%) from 2022

Trend Graphs

Balance Sheet Trend

Asset Growth99th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

Highlighted filing

2024

Assets$297,734

Liabilities$41,000

Net Assets$256,734

Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

Highlighted filing

2024

Revenue$409,682

Expenses$182,590

Net Income$227,092

Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $297,734
Liabilities: $41,000
Net assets: $256,734
Revenue: $409,682
Expenses: $182,590
Net income: $227,092

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.	$2.98	$0.41	$2.57	$4.10	$1.83	$2.27
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00

Latest Filing Detail

Jump To

Filing Snapshot

Filing Period: Jan 1, 2024 to Dec 31, 2024
Signed: Jun 16, 2025
Return Version: 2024v5.1
Gross Receipts: $409,682

Mission and Program Overview

Mission

T2L Inc doing business as the Joint Experimentation and Technology Accelerator JETX provides a comprehensive range of services that emphasize professional consortium management to include project management and acquisition mangement support.

Balance Sheet Detail

Line	Beginning	End	Change
Assets
Cap Stk Tr Prin Current Funds	$29,642	$256,734	▲ $227,092
Cash and Non-Interest-Bearing Accounts	$27,648	$254,210	▲ $226,562
Receivables From Officers Etc	$41,000	$41,000	→ $0
Loans From Officers Directors	$41,000	$41,000	→ $0
Savings and Temporary Cash Investments	$1,994	$2,524	▲ $530
Accounts Receivable	$0	$0	→ $0
Other Notes and Loans Receivable, Net	$0	$0	→ $0
Pledges and Grants Receivable	$0	$0	→ $0
Receivable From Disqualified Prsn	$0	$0	→ $0
Investments Other Securities	$0	$0	→ $0
Investments Program Related	$0	$0	→ $0
Investments in Publicly Traded Securities	$0	$0	→ $0
Land, Buildings, and Equipment, Net	$0	$0	→ $0
Pd in Cap Srpls Land Bldg Eqp Fund	$0	$0	→ $0
Rtn Earn Endowment Incm Other Fnds	$0	$0	→ $0
Intangible Assets	$0	$0	→ $0
Inventories for Sale or Use	$0	$0	→ $0
Prepaid Expenses and Deferred Charges	$0	$0	→ $0
Total Assets	$70,642	$297,734	▲ $227,092
Other Assets Total	$0	$0	→ $0
Liabilities
Accounts Payable and Accrued Expenses	$0	$0	→ $0
Grants Payable	$0	$0	→ $0
Mortgage Notes Payable Secured by Investment Property	$0	$0	→ $0
Unsecured Notes Loans Payable	$0	$0	→ $0
Other Liabilities	$0	$0	→ $0
Deferred Revenue	$0	$0	→ $0
Escrow Account Liability	$0	$0	→ $0
Tax Exempt Bond Liabilities	$0	$0	→ $0
Total Liabilities	$41,000	$41,000	→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance	$29,642	$256,734	▲ $227,092
Total Liabilities and Net Assets / Fund Balance	$70,642	$297,734	▲ $227,092

Compensation and Service Providers

Top Officer Pay83rd percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
Larry Solliday	President and COO	FT	$58	$5,000	$5,058
Travis Hayes	Evp	FT	$5,000	$58	$5,058
Terry Witte	Chairman and CEO	FT	$5,000	-	$5,000

Revenue and Support

Revenue Composition

Contributions and Grants: $0
Program Service Revenue: $409,682
Investment Income: $0
Other Revenue: $0
All Other Contributions: $0
Change in Net Assets: $227,092

Expenses and Functional Allocation

Major Expense Lines

Line Item	Amount
Other Expenses	$167,567
Salaries, Compensation, and Employee Benefits	$15,023
Grants and Similar Amounts Paid	$0
Professional Fundraising Fees	$0
Total Fundraising Expense	$0

Functional Expense Allocation

Line Item	Program	Management	Fundraising	Total
Fees for Services Management	$0	$135,277	$0	$135,277
Travel	$0	$21,660	$0	$21,660
Current Officers, Directors, Trustees, and Key Employees	$0	$15,023	$0	$15,023
Other Expenses	$0	$7,168	$0	$7,168
Fees for Services Accounting	$0	$1,125	$0	$1,125
Information Technology	$845	$0	$0	$845
Advertising	$624	$0	$0	$624
Office Expenses	$0	$517	$0	$517
Insurance	$0	$351	$0	$351
Total Functional Expenses	$1,469	$181,121	$0	$182,590

Fundraising, Events, and Gaming

Fundraising activities: No
Gaming activities: No
Professional fundraiser used: No

Fundraising and Gaming Totals

Line Item	Amount
Fundraising Direct Expenses	$0
Fundraising Gross Income	$0
Gaming Direct Expenses	$0
Gaming Gross Income	$0
Professional Fundraising Fees	$0

Political and Lobbying Activity

Political campaign activity: No
Lobbying activity: No
Subject to proxy tax: No

Insider Transactions and Loans

Loans and Receivables

Line Item	Beginning	End	Change
Loans from Officers, Directors, Trustees, and Key Employees	$41,000	$41,000	→ $0
Receivables from Officers, Directors, Trustees, and Key Employees	$41,000	$41,000	→ $0
Receivables from Disqualified Persons	$0	$0	→ $0

Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant: No
Annual disclosure for covered persons: Yes
Business relationship with 35% controlled entity: No
Business relationship with family members: No
Business relationship with organization members: No
Material changes to governing documents: No
Compensation from other sources disclosed: No
CEO compensation reviewed: Yes
Other officer compensation reviewed: Yes
Conflict-of-interest policy: Yes
Audited financial statements prepared: No
Key decisions subject to board approval: No
Management duties delegated: No

Governance Explanations

Part VI, Section B, Line 11B

“The organization employed a multi-stage process to prepare and review Form 990 including early planning maintaining precise financial records internal reviews by key stakeholders and IRS guideline compliance.”

Part VI, Section B, Line 12C

“Established a comprehensive policy implemented a disclosure process conducted regular risk assessments and provided training to relevant individuals. Ensured all board members and key personnel completed annual conflict of interest disclosure forms. Documented all conflicts and their management in board meeting minutes.”

Part VI, Section B, Line 15

“| Name of the Person:, The process used to establish compensation of the person who served in:|, The year in which this process was last undertaken:| Lawrence Solliday, Reasonableness of compensation was determined using data from public sources and the organizations financial capacity., 2024|”

Part VI, Section C, Line 19

“No documents available to the public”

Filing and Contact Details

Filer

Filer Name: T2l2 Inc
EIN: 88-2905638
In Care Of: % Larry Solliday
Address: 90 RANDY SMITH DR, SPRINGVILLE, IN 47462
Doing Business As: Joint Experimentation and Technology Accelerator

Signing Officer

Name: Lawrence Solliday
Title: President and COO
Signed: 2025-06-16
Discuss with paid preparer: No

Organization Details

Principal Officer: Larry Solliday
Formed: 2022
Legal Domicile: In
Voting Board Members: 3
Independent Board Members: 2
Employees: 5
Volunteers: 0

Supplemental Narrative

Additional Explanations

Other Doing Business As Names

“| Joint Innovation and Technology Accelerator| JETX| Tech Accelerator| Technology Accelerator|”

Part III, line 2

“Consoritum Manager for the Advanced Prototyping and Experimentation APEX Consortium.”

Raw XML AppendixShowing 400 of 487 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OrgDoesNotFollowFASB117Ind	0	X
IRS990/OtherAssetsTotalGrp/BOYAmt	0	0
IRS990/OtherAssetsTotalGrp/EOYAmt	0	0
IRS990/OtherChangesInNetAssetsAmt	0	0
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt	0	0
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt	0	0
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt	0	0
IRS990/OtherEmployeeBenefitsGrp/TotalAmt	0	0
IRS990/OtherExpensesGrp/Desc	0	Miscellaneous expenses.
IRS990/OtherExpensesGrp/FundraisingAmt	0	0
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt	0	7168
IRS990/OtherExpensesGrp/ProgramServicesAmt	0	0
IRS990/OtherExpensesGrp/TotalAmt	0	7168
IRS990/OtherLiabilitiesGrp/BOYAmt	0	0
IRS990/OtherLiabilitiesGrp/EOYAmt	0	0
IRS990/OtherRevenueTotalAmt	0	0
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt	0	0
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt	0	0
IRS990/OtherSalariesAndWagesGrp/TotalAmt	0	0
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt	0	0
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt	0	0
IRS990/PartialLiquidationInd	0	false
IRS990/PaymentsToAffiliatesGrp/FundraisingAmt	0	0
IRS990/PaymentsToAffiliatesGrp/ManagementAndGeneralAmt	0	0
IRS990/PaymentsToAffiliatesGrp/ProgramServicesAmt	0	0
IRS990/PaymentsToAffiliatesGrp/TotalAmt	0	0
IRS990/PayrollTaxesGrp/FundraisingAmt	0	0
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt	0	0
IRS990/PayrollTaxesGrp/ProgramServicesAmt	0	0
IRS990/PayrollTaxesGrp/TotalAmt	0	0
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt	0	0
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt	0	0
IRS990/PensionPlanContributionsGrp/FundraisingAmt	0	0
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt	0	0
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt	0	0
IRS990/PensionPlanContributionsGrp/TotalAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt	0	0
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt	0	0
IRS990/PoliticalCampaignActyInd	0	false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt	0	0
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt	0	0
IRS990/PrincipalOfficerNm	0	Larry Solliday
IRS990/PriorPeriodAdjustmentsAmt	0	0
IRS990/ProfessionalFundraisingInd	0	false
IRS990/ProgramServiceRevenueGrp/BusinessCd	0	541712
IRS990/ProgramServiceRevenueGrp/BusinessCd	1	541712
IRS990/ProgramServiceRevenueGrp/Desc	0	Consortium management.
IRS990/ProgramServiceRevenueGrp/Desc	1	Research and Development in the Physical Engineering and Life Sciences except Biotechnology.
IRS990/ProgramServiceRevenueGrp/ExclusionAmt	0	0
IRS990/ProgramServiceRevenueGrp/ExclusionAmt	1	0
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	400000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt	1	9682
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	0	400000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt	1	9682
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt	0	0
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt	1	0
IRS990/ProhibitedTaxShelterTransInd	0	false
IRS990/PYExcessBenefitTransInd	0	false
IRS990/PymtTravelEntrtnmntPubOfclGrp/FundraisingAmt	0	0
IRS990/PymtTravelEntrtnmntPubOfclGrp/ManagementAndGeneralAmt	0	0
IRS990/PymtTravelEntrtnmntPubOfclGrp/ProgramServicesAmt	0	0
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt	0	0
IRS990/RcvblFromDisqualifiedPrsnGrp/BOYAmt	0	0
IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt	0	0
IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt	0	41000
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt	0	41000
IRS990/ReconcilationRevenueExpnssAmt	0	227092
IRS990/RegularMonitoringEnfrcInd	0	true
IRS990/RelatedEntityInd	0	false
IRS990/RelatedOrganizationCtrlEntInd	0	false
IRS990/RelatedOrganizationsAmt	0	0
IRS990/ReportInvestmentsOtherSecInd	0	false
IRS990/ReportLandBuildingEquipmentInd	0	false
IRS990/ReportOtherAssetsInd	0	false
IRS990/ReportOtherLiabilitiesInd	0	false
IRS990/ReportProgramRelatedInvstInd	0	false
IRS990/RevenueAmt	0	400000
IRS990/RoyaltiesGrp/FundraisingAmt	0	0
IRS990/RoyaltiesGrp/ManagementAndGeneralAmt	0	0
IRS990/RoyaltiesGrp/ProgramServicesAmt	0	0
IRS990/RoyaltiesGrp/TotalAmt	0	0
IRS990/RoyaltiesRevenueGrp/ExclusionAmt	0	0
IRS990/RoyaltiesRevenueGrp/RelatedOrExemptFuncIncomeAmt	0	0
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt	0	0
IRS990/RoyaltiesRevenueGrp/UnrelatedBusinessRevenueAmt	0	0
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt	0	0
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt	0	0
IRS990/SavingsAndTempCashInvstGrp/BOYAmt	0	1994
IRS990/SavingsAndTempCashInvstGrp/EOYAmt	0	2524
IRS990ScheduleA/First5Years509Ind	0	X
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	9682
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt	0	0
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	0
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt	0	0
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	9682
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportTotal509Amt	0	5000
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearAmt	0	4682
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus1YearAmt	0	0
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt	0	0
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt	0	0
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt	0	4682
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt	0	4682
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus3YearsAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt	0	4682
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	9682
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	0
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	0
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	0
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/Total509Grp/TotalAmt	0	9682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	9682
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	0
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	0
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	0
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt	0	0
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	9682
IRS990/ScheduleBRequiredInd	0	false
IRS990/ScheduleJRequiredInd	0	false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	0	41000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BalanceDueAmt	1	41000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	0	true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/BoardOrCommitteeApprovalInd	1	true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	0	false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/DefaultInd	1	false
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	0	Startup funds.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanPurposeTxt	1	Startup funding to cover startup expenses.
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd	0	X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/LoanToOrganizationInd	1	X
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt	0	41000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/OriginalPrincipalAmt	1	41000
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm	0	Terry Witte
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/PersonNm	1	Terry Witte
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt	0	Chairman and CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/RelationshipWithOrgTxt	1	Chairman and CEO
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd	0	true
IRS990ScheduleL/LoansBtwnOrgInterestedPrsnGrp/WrittenAgreementInd	1	true
IRS990ScheduleL/TotalBalanceDueAmt	0	82000
IRS990/ScheduleORequiredInd	0	true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	\| Joint Innovation and Technology Accelerator\| JETX\| Tech Accelerator\| Technology Accelerator\|
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	Consoritum Manager for the Advanced Prototyping and Experimentation APEX Consortium.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	The organization employed a multi-stage process to prepare and review Form 990 including early planning maintaining precise financial records internal reviews by key stakeholders and IRS guideline compliance.