In-Q-Tel Inc
- Assets
- $1.0b
- Revenue
- $184.1m
- Investments
- $0.0
- Employees
- 237
- Location
- Tysons, VA
- Founding
- 04/2001
- Data as of
- 03/2023
- EIN
- 52-2149962
Organization Overview
In-Q-Tel Inc is located in Tysons, 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 03/2023, In-Q-Tel Inc employed 237 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 03/2023, In-Q-Tel Inc generated $184.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $117.5m during the year ending 03/2023. While expenses have increased by 1.1% 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 14 individual grants totaling $5,097,759. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
IQT IDENTIFIES, EVALUATES, AND LEVERAGES EMERGING COMMERCIAL TECHNOLOGIES FOR (SEE SCHEDULE O)THE NATIONAL SECURITY COMMUNITY. IQT (IN-Q-TEL, INC.) ACHIEVES ITS MISSION BY DELIVERING BEST-IN-CLASS CAPABILITIES, INSIGHTS, AND OTHER SERVICES TO OUR PARTNERS THROUGH A UNIQUE GLOBAL INVESTMENT PLATFORM.
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 | $2,202,392 |
M Crow Trustee, Chairman, Committee Chair | Trustee | 5 | $42,500 |
P Barris Trustee & Committee Chair | Trustee | 5 | $37,500 |
A Jones Trustee & Committee Chair | Trustee | 5 | $37,500 |
H Cox Trustee & Committee Chair | Trustee | 5 | $37,500 |
T Schlein Trustee | Trustee | 5 | $35,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Arlington Consultants Group Llc Consulting Services | 3/30/23 | $1,207,938 |
Auterion Tech. Development | 3/30/23 | $1,293,092 |
Sheraton San Diego Hotel Conference Facility | 3/30/23 | $1,107,669 |
Sayari Labs Tech. Development | 3/30/23 | $1,081,500 |
Bastille Networks Inc Tech. Development | 3/30/23 | $977,812 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $118,081,203 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,243,306 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,324,509 |
| Total Program Service Revenue | $49,550,698 |
| Investment income | $9,987,386 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| 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 | $184,119,866 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,753,424 |
| 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. | $12,190,818 |
| Compensation of current officers, directors, key employees. | $6,400,819 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $37,368,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,232,384 |
| Payroll taxes | $2,467,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,626,468 |
| Fees for services: Accounting | $822,341 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $13,134,279 |
| Advertising and promotion | $117,749 |
| Office expenses | $1,989,457 |
| Information technology | $3,116,181 |
| Royalties | $0 |
| Occupancy | $6,272,021 |
| Travel | $2,683,194 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,294,218 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,231,241 |
| Insurance | $474,201 |
| All other expenses | $2,168,078 |
| Total functional expenses | $117,541,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $17,888,324 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,494,134 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,354,599 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,857,522 |
| Net Land, buildings, and equipment | $19,649,452 |
| Investments—publicly traded securities | $431,034,899 |
| Investments—other securities | $0 |
| Investments—program-related | $471,897,819 |
| Intangible assets | $0 |
| Other assets | $39,859,428 |
| Total assets | $1,028,036,177 |
| Accounts payable and accrued expenses | $56,837,195 |
| Grants payable | $0 |
| Deferred revenue | $61,126 |
| 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 | $40,290,871 |
| Total liabilities | $97,189,192 |
| Net assets without donor restrictions | $930,846,985 |
| 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 | $1,028,036,177 |
Grants Awarded
Over the last fiscal year, In-Q-Tel Inc has awarded $2,753,424 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CIA OFFICERS MEMORIAL FOUNDATION PURPOSE: SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. | $1,874,662 |
LOGISTICS MANAGEMENT INSTITUTE (DBA NOBLEREACH FOUNDATION) PURPOSE: SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. | $708,762 |
THE UNITARY FUND PURPOSE: SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. | $112,500 |
THE OSS SOCIETY PURPOSE: SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. | $40,000 |
SPOOKSTOCK FOUNDATION PURPOSE: SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. | $17,500 |