In-Q-Tel Inc
- Assets
- $1.0b
- Revenue
- $166.2m
- Investments
- $0.0
- Employees
- 223
- Location
- Arlington, VA
- Founding
- 04/2001
- Data as of
- 03/2022
- EIN
- 52-2149962
Organization Overview
In-Q-Tel Inc is located in Arlington, VA. The organization was established in 2001. According to its NTEE Classification (Q43) the organization is classified as: National Security, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 03/2022, In-Q-Tel Inc employed 223 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. In-Q-Tel Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 03/2022, In-Q-Tel Inc generated $166.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 8.8% each year. All expenses for the organization totaled $116.4m during the year ending 03/2022. While expenses have increased by 7.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, In-Q-Tel Inc has awarded 12 individual grants totaling $2,394,335. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
IQT SERVES THE NATIONAL SECURITY INTERESTS OF THE U.S. & ITS ALLIES (SEE SCHEDULE O).IQT (IN-Q-TEL, INC.) SERVES THE NATIONAL SECURITY INTERESTS OF THE U.S. INTELLIGENCE AND NATIONAL SECURITY COMMUNITY AND ITS ALLIES, PROVIDING THE MOST SOPHISTICATED SOURCE OF STRATEGIC TECHNICAL KNOWLEDGE AND CAPABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
C Darby CEO & Trustee | OfficerTrustee | 40 | $2,049,812 |
S Bowsher President | Officer | 40 | $1,607,826 |
M Strottman Evp, Chief Operating Officer | Officer | 40 | $954,143 |
B Adams Evp, General Counsel | Officer | 40 | $695,886 |
P Tague Evp, Iqt Intl & Iqt Labs | Officer | 40 | $670,391 |
R Gleichauf Evp | 40 | $584,588 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Matterport Inc Technology Development | 3/30/22 | $1,525,000 |
Chainalysis Inc Technology Development | 3/30/22 | $1,644,487 |
Arlington Consultants Group Llc Consulting Services | 3/30/22 | $1,321,143 |
Somewear Labs Technology Development | 3/30/22 | $825,000 |
Garrison Technology Ltd Technology Development | 3/30/22 | $706,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $98,770,976 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $98,770,976 |
| Total Program Service Revenue | $62,311,772 |
| Investment income | $4,931,857 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $14,035 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $166,203,888 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,994,335 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $10,460,012 |
| Compensation of current officers, directors, key employees. | $5,630,037 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,213,763 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $5,564,706 |
| Payroll taxes | $2,199,923 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,239,934 |
| Fees for services: Accounting | $604,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,327,433 |
| Advertising and promotion | $124,962 |
| Office expenses | $2,015,080 |
| Information technology | $3,431,939 |
| Royalties | $0 |
| Occupancy | $4,244,784 |
| Travel | $969,324 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $255,331 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,473,691 |
| Insurance | $435,373 |
| All other expenses | $1,649,863 |
| Total functional expenses | $116,414,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $51,572,671 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $40,874,129 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,536,272 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,689,679 |
| Net Land, buildings, and equipment | $2,386,189 |
| Investments—publicly traded securities | $380,086,392 |
| Investments—other securities | $0 |
| Investments—program-related | $542,001,211 |
| Intangible assets | $0 |
| Other assets | $11,329,002 |
| Total assets | $1,033,475,545 |
| Accounts payable and accrued expenses | $58,393,117 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $10,071,482 |
| Total liabilities | $68,464,599 |
| Net assets without donor restrictions | $965,010,946 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,033,475,545 |
Grants Awarded
Over the last fiscal year, In-Q-Tel Inc has awarded $1,994,335 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Herndon, VA PURPOSE: SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. | $1,836,835 |
San Francisco, CA PURPOSE: SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. | $75,000 |
Falls Church, VA PURPOSE: SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. | $65,000 |
Leesburg, VA PURPOSE: SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. | $17,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
In-Q-Tel Inc Arlington, VA | $1,033,475,545 | $166,203,888 |
National Defense Industrial Association Arlington, VA | $76,480,857 | $24,007,674 |
Center For New American Security Inc Washington, DC | $13,596,395 | $11,475,266 |
Business Executives For National Security Washington, DC | $14,639,432 | $8,874,143 |
Secureamericanoworg Washington, DC | $977,210 | $5,395,068 |
Cybersecurity Maturity Model Certification Accreditation Body I National Harbor, MD | $4,694,208 | $5,044,364 |
National Defense Transportation Association Alexandria, VA | $8,458,090 | $2,983,526 |
National Defense Information Sharing And Analysis Center Washington, DC | $5,558,251 | $2,597,884 |
Asia America Initiative Washington, DC | $1,856,442 | $1,964,114 |
Surface Navy Association Springfield, VA | $3,249,191 | $967,886 |
Military Operations Research Society Inc Arlington, VA | $1,777,955 | $2,116,387 |
National Defense University Foundation Inc Fort Mcnair, DC | $1,465,889 | $2,026,239 |