IN-Q-TEL INC: Form 990, tax year 2023
View the entire original 990 at ProPublica ↗
- Organization
- IN-Q-TEL INC (EIN 52-2149962)
- Tax period
- 2023-04-01 to 2024-03-31
- Filed
- 2025-02-05
- IRS object ID
- 202510369349301901
- Schema version
- 2023v6.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2025-02-05T15:58:53-06:00 | ReturnTs |
| Tax Period End | 2024-03-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 135565207 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | KPMG LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 8350 BROAD STREET STE 900 | AddressLine1Txt |
| City | MCLEAN | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2023-04-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 522149962 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | IN-Q-TEL INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | IN-Q | BusinessNameControlTxt |
| Phone | 7032483000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1800 TYSONS BLVD 1200 | AddressLine1Txt |
| City | TYSONS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATTHEW STROTTMAN | PersonNm |
| Person Title | EVP, CHIEF OPERATING OFFICER | PersonTitleTxt |
| Phone | 7032483000 | PhoneNum |
| Signature | 2025-02-03 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | BRIAN KEARNS | PreparerPersonNm |
| PTIN | P02061479 | PTIN |
| Phone | 7032868000 | PhoneNum |
| Preparation | 2025-02-03 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2023 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MATTHEW STROTTMAN | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1800 TYSONS BLVD 1200 | AddressLine1Txt |
| City | TYSONS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $108,260,393 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.IQT.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1999 | FormationYr |
| Legal Domicile State | DE | LegalDomicileStateCd |
| Activity Or Mission | 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 221 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $124,324,509 | PYContributionsGrantsAmt |
| CY Contributions Grants | $103,330,066 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $49,550,698 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | -$9,177,136 | CYProgramServiceRevenueAmt |
| PY Investment Income | $9,987,386 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,810,116 | CYInvestmentIncomeAmt |
| PY Other Revenue | $257,273 | PYOtherRevenueAmt |
| CY Other Revenue | $297,347 | CYOtherRevenueAmt |
| PY Total Revenue | $184,119,866 | PYTotalRevenueAmt |
| CY Total Revenue | $108,260,393 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $2,753,424 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,699,303 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $58,259,029 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $67,108,736 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $56,529,330 | PYOtherExpensesAmt |
| CY Other Expenses | $72,806,949 | CYOtherExpensesAmt |
| PY Total Expenses | $117,541,783 | PYTotalExpensesAmt |
| CY Total Expenses | $141,614,988 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $66,578,083 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$33,354,595 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $1,028,036,177 | TotalAssetsBOYAmt |
| Total Assets EOY | $997,532,478 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $97,189,192 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $102,265,208 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $930,846,985 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $895,267,270 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | IQT SERVES AND POWERS THE U.S. NATIONAL SECURITY AND ITS ALLIES THROUGH CUTTING-EDGE TECHNOLOGY, STRATEGIC INVESTMENTS, EXPLORATION AND APPLIED RESEARCH, AND ACCELERATION OF CAPABILITIES WITH THE GENERAL PUBLIC ULTIMATELY BENEFITTING IQT'S WORK. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $112,993,087 | ExpenseAmt |
| Grant | $1,699,303 | GrantAmt |
| Revenue | -$8,879,789 | RevenueAmt |
| Desc | SEE SCHEDULE O | Desc |
| Total Program Service Expenses | $112,993,087 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | Yes (1) | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 96 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 221 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | AS | ForeignCountryCd |
| Foreign Country | GM | ForeignCountryCd |
| Foreign Country | SN | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | Yes (1) | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | IndependentVotingMemberCnt |
| Family Or Business Rln | Yes (1) | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CA | StatesWhereCopyOfReturnIsFldCd |
| States Where Copy Of Return Is Fld | MA | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MATTHEW STROTTMAN | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 7032483000 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1800 TYSONS BLVD 1200 | AddressLine1Txt |
| City | TYSONS | CityNm |
| State Abbreviation | VA | StateAbbreviationCd |
| ZIP | 22102 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (28 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|
| C DARBY | ||||||||
| CEO (END 9/8/23) & TRUSTEE | 40.00 | 0.00 | Yes (X) | Yes (X) | $4,957,127 | $0 | $75,864 | |
| S BOWSHER | ||||||||
| CEO (EFF 9/9/23) & TRUSTEE | 40.00 | 0.00 | Yes (X) | Yes (X) | $1,946,116 | $0 | $1,202,507 | |
| M CROW | ||||||||
| TRUSTEE, CHAIR, COMM CHAIR | 5.00 | 0.00 | Yes (X) | $42,500 | $0 | $0 | ||
| P BARRIS | ||||||||
| TRUSTEE & COMMITTEE CHAIR | 5.00 | 0.00 | Yes (X) | $37,500 | $0 | $0 | ||
| A JONES | ||||||||
| TRUSTEE & COMM CHAIR (END 12/13/23) | 5.00 | 0.00 | Yes (X) | $37,500 | $0 | $0 | ||
| H COX | ||||||||
| TRUSTEE & COMMITTEE CHAIR | 5.00 | 0.00 | Yes (X) | $37,500 | $0 | $0 | ||
| T SCHLEIN | ||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $35,000 | $0 | $0 | ||
| M MULLEN | ||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $35,000 | $0 | $0 | ||
| G TENET | ||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $35,000 | $0 | $0 | ||
| J SMITH | ||||||||
| TRUSTEE & COMM CHAIR (EFF 12/13/23) | 5.00 | 0.00 | Yes (X) | $35,000 | $0 | $0 | ||
| S CATZ | ||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| S O'SULLIVAN | ||||||||
| TRUSTEE | 5.00 | 0.00 | Yes (X) | $26,250 | $0 | $0 | ||
| W HURD | ||||||||
| TRUSTEE (END 5/31/23) | 5.00 | 0.00 | Yes (X) | $17,500 | $0 | $0 | ||
| B SASSE | ||||||||
| TRUSTEE (EFF 3/20/24) | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||
| J MISCIK | ||||||||
| TRUSTEE (END 3/22/23) | 5.00 | 0.00 | Yes (X) | $8,750 | $0 | $0 | ||
| M STROTTMAN | ||||||||
| CHIEF OPERATING OFFICER | 40.00 | 5.00 | Yes (X) | $1,061,426 | $0 | $491,377 | ||
| M DICKEN | ||||||||
| EVP, TECHNOLOGY PROGRAMS | 40.00 | 0.00 | Yes (X) | $707,713 | $0 | $138,432 | ||
| B ADAMS | ||||||||
| EVP, GENERAL COUNSEL | 40.00 | 5.00 | Yes (X) | $795,477 | $0 | $146,890 | ||
| G HOYEM | ||||||||
| EVP INVESTMENTS | 40.00 | 0.00 | Yes (X) | $795,489 | $0 | $259,604 | ||
| E FOX | ||||||||
| EVP, PRODUCT MKT & COMM | 40.00 | 0.00 | Yes (X) | $613,860 | $0 | $166,386 | ||
| Y ZHENG | ||||||||
| CHIEF OF STAFF (EFF 12/13/23) | 40.00 | 0.00 | Yes (X) | $336,434 | $0 | $140,097 | ||
| S SEWALL | ||||||||
| EVP, NAT INNOV POLICY | 40.00 | 0.00 | Yes (X) | $613,892 | $0 | $166,494 | ||
| J NELSON | ||||||||
| EVP INTERNATIONAL | 40.00 | 0.00 | Yes (X) | $667,413 | $0 | $166,377 | ||
| B JADEJA | ||||||||
| SENIOR PARTNER | 40.00 | 0.00 | $699,001 | $0 | $97,384 | Yes (X) | ||
| C GRAY | ||||||||
| SENIOR PARTNER | 40.00 | 0.00 | $637,127 | $0 | $116,844 | Yes (X) | ||
| D HANFLING | ||||||||
| VICE PRESIDENT, TECHNOLOGY | 40.00 | 0.00 | $597,970 | $0 | $44,556 | Yes (X) | ||
| T GILLESPIE | ||||||||
| MNG PTNR, WASHINGTON DC | 40.00 | 0.00 | $691,672 | $0 | $117,013 | Yes (X) | ||
| E CHIU | ||||||||
| SENIOR PARTNER | 40.00 | 0.00 | $646,196 | $0 | $116,980 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $16,114,413 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $3,446,805 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 164 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| HITT CONTRACTING INC | |||||
| 2900 FAIRVIEW PARK DRIVE | FALLS CHURCH | VA | 22042 | CONSTRUCTION | $23,160,837 |
| CASAPLEX LLC | |||||
| 10582 METROPOLITAN AVE | KENSINGTON | MD | 20895 | TECHNOLOGY SERVICES | $2,780,266 |
| ARLINGTON CONSULTANTS GROUP LLC | |||||
| 4601 N FAIRFAX DR STE 1200 | ARLINGTON | VA | 22203 | CONSULTING SERVICES | $1,379,050 |
| ACTIVE SECURITY CONSULTING | |||||
| PO BOX 2175 | MIDDLEBURG | VA | 20118 | CONSULTING SERVICES | $1,206,162 |
| LOOKING GLASS FACTORY INC | |||||
| 190 WEST STREET UNIT 18 | BROOKLYN | NY | 11222 | TECHNOLOGY DEVELOPMENT | $1,183,800 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 201 | CntrctRcvdGreaterThan100KCnt |
| Info In Schedule O Part VIII | Yes (X) | InfoInScheduleOPartVIIIInd |
| Government Grants | $103,330,066 | GovernmentGrantsAmt |
| Total Contributions | $103,330,066 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TECH INVEST - INT/DIV | 522100 | $625,327 | $625,327 |
| CEO SUMMIT REGIS FEES | 611430 | $249,624 | $249,624 |
| TECH INVEST - NET LOSS | 523000 | -$10,052,087 | -$10,052,087 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | -$9,177,136 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,810,116 | TotalRevenueColumnAmt |
| Exclusion | $13,810,116 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| I/C REV-PAYROLL SVC | 900099 | $213,095 | $213,095 |
| I/C REV-SVC LOAN INT | 900099 | $84,252 | $84,252 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $297,347 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $108,260,393 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | -$8,879,789 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $13,810,116 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,699,303 | TotalAmt |
| Program Services | $1,699,303 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,524,707 | TotalAmt |
| Program Services | $6,164,111 | ProgramServicesAmt |
| Management And General | $4,360,596 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,965,424 | TotalAmt |
| Program Services | $34,016,915 | ProgramServicesAmt |
| Management And General | $8,948,509 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,688,932 | TotalAmt |
| Program Services | $7,568,443 | ProgramServicesAmt |
| Management And General | $3,120,489 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,929,673 | TotalAmt |
| Program Services | $2,146,713 | ProgramServicesAmt |
| Management And General | $782,960 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,543,418 | TotalAmt |
| Program Services | $551,496 | ProgramServicesAmt |
| Management And General | $991,922 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $830,141 | TotalAmt |
| Program Services | $231,122 | ProgramServicesAmt |
| Management And General | $599,019 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,768,306 | TotalAmt |
| Program Services | $12,604,619 | ProgramServicesAmt |
| Management And General | $1,163,687 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $506,639 | TotalAmt |
| Program Services | $13,770 | ProgramServicesAmt |
| Management And General | $492,869 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,363,443 | TotalAmt |
| Program Services | $1,058,036 | ProgramServicesAmt |
| Management And General | $2,305,407 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,297,049 | TotalAmt |
| Program Services | $2,688,067 | ProgramServicesAmt |
| Management And General | $608,982 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,559,257 | TotalAmt |
| Program Services | $3,878,327 | ProgramServicesAmt |
| Management And General | $1,680,930 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,073,526 | TotalAmt |
| Program Services | $2,272,274 | ProgramServicesAmt |
| Management And General | $801,252 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,483,444 | TotalAmt |
| Program Services | $2,390,717 | ProgramServicesAmt |
| Management And General | $92,727 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,660,935 | TotalAmt |
| Program Services | $2,548,153 | ProgramServicesAmt |
| Management And General | $1,112,782 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $478,396 | TotalAmt |
| Management And General | $478,396 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | WORK PROGRAM EXPENSE | Desc |
| Total | $32,410,181 | TotalAmt |
| Program Services | $32,410,181 | ProgramServicesAmt |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,832,214 | TotalAmt |
| Program Services | $750,840 | ProgramServicesAmt |
| Management And General | $1,081,374 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $141,614,988 | TotalAmt |
| Program Services | $112,993,087 | ProgramServicesAmt |
| Management And General | $28,621,901 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,888,324 | BOYAmt |
| EOY | $34,825,174 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $43,494,134 | BOYAmt |
| EOY | $4,622,253 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,354,599 | BOYAmt |
| EOY | $1,163,959 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,857,522 | BOYAmt |
| EOY | $2,082,686 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $40,810,629 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $11,945,578 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,649,452 | BOYAmt |
| EOY | $28,865,051 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $431,034,899 | BOYAmt |
| EOY | $392,401,722 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $471,897,819 | BOYAmt |
| EOY | $496,965,790 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $39,859,428 | BOYAmt |
| EOY | $36,605,843 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,028,036,177 | BOYAmt |
| EOY | $997,532,478 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $56,837,195 | BOYAmt |
| EOY | $56,121,159 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $61,126 | BOYAmt |
| EOY | $48,993 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,290,871 | BOYAmt |
| EOY | $46,095,056 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $97,189,192 | BOYAmt |
| EOY | $102,265,208 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $930,846,985 | BOYAmt |
| EOY | $895,267,270 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $930,846,985 | BOYAmt |
| EOY | $895,267,270 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,028,036,177 | BOYAmt |
| EOY | $997,532,478 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$33,354,595 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$2,302,565 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $77,445 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $88,175,297 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $115,931,897 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $98,770,976 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $124,324,509 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $103,330,066 | CurrentTaxYearAmt |
| Total | $530,532,745 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $88,175,297 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $115,931,897 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $98,770,976 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $124,324,509 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $103,330,066 | CurrentTaxYearAmt |
| Total | $530,532,745 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $3,497,679 | SubstantialContributorsTotAmt |
| Public Support Total170 | $527,035,066 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $8,126,228 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $6,372,442 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $4,945,892 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $9,987,386 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,810,116 | CurrentTaxYearAmt |
| Total | $43,242,064 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $573,774,809 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $305,620,788 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.91850 | PublicSupportCY170Pct |
| Public Support PY170 | 0.92920 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $36,526,142 | OtherCostOrOtherBasisAmt |
| Depreciation | $9,380,950 | DepreciationAmt |
| Book Value | $27,145,192 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $2,439,134 | OtherCostOrOtherBasisAmt |
| Depreciation | $2,127,061 | DepreciationAmt |
| Book Value | $312,073 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $1,845,353 | OtherCostOrOtherBasisAmt |
| Depreciation | $437,567 | DepreciationAmt |
| Book Value | $1,407,786 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $28,865,051 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (11 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| PREFERRED STOCK | $194,170,650 | F |
| PREFERRED STOCK | $77,885,272 | C |
| COMMON STOCK | $9,555,196 | F |
| COMMON STOCK | $2,238,831 | C |
| PREFERRED WARRANT | $75,901,761 | F |
| PREFERRED WARRANT | $106,740,299 | C |
| COMMON WARRANT | $2,207,098 | F |
| COMMON WARRANT | $300 | C |
| CONVERTIBLE & PROMISSORY NOTES | $9,502,398 | F |
| CONVERTIBLE & PROMISSORY NOTES | $17,389,327 | C |
| LIMITED PARTNER INTEREST | $1,374,658 | F |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $496,965,790 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (2 entries)
| DescDesc | AmtAmt |
|---|---|
| LEASE LIABILITY | $45,932,438 |
| NET CASH BALANCE PLAN LIABILITY | $162,618 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $46,095,056 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART X, LINE 2: | FormAndLineReferenceDesc |
| Explanation | ON JULY 30, 2003, THE COMPANY RECEIVED A FINAL DETERMINATION FROM THE INTERNAL REVENUE SERVICE THAT THE COMPANY IS A PUBLIC CHARITY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. FURTHER, THE COMPANY HAS NOT IDENTIFIED ANY UNRELATED BUSINESS TAXABLE INCOME. ACCORDINGLY, NO INCOME TAX PROVISION IS RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. | ExplanationTxt |
Schedule F IRS990ScheduleF
Account Activities Outside US AccountActivitiesOutsideUSGrp (4 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| NORTH AMERICA | 0 | 0 | PROGRAM SERVICES | TECHNOLOGY DEVELOPMENT | $14,914,315 |
| EUROPE | 0 | 0 | PROGRAM SERVICES | TECHNOLOGY DEVELOPMENT | $35,454,380 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | PROGRAM SERVICES | TECHNOLOGY DEVELOPMENT | $12,526,332 |
| MIDDLE EAST AND NORTH AFRICA | 0 | 0 | PROGRAM SERVICES | TECHNOLOGY DEVELOPMENT | $2,596,533 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $65,491,560 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $65,491,560 | TotalSpentAmt |
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 3: | FormAndLineReferenceDesc |
| Explanation | IQT SECONDED EMPLOYEES TO WORK FULL-TIME FOR IQT INTERNATIONAL UK LTD. (IQT UK). THESE INDIVIDUALS PERFORM SERVICES FOR THE BENEFIT OF IQT UK AND ARE COMPENSATED BY IQT UK. IQT CONTRACTS WITH IQT UK FOR SERVICES PROVIDED. IN ADDITION, IQT UK, IQT INTERNATIONAL AUSTRALIA PTY. LTD. AND IQT INTERNATIONAL SINGAPORE PTE. LTD. EMPLOY LOCALLY HIRED INDIVIDUALS THAT PERFORM SERVICES FOR THE BENEFIT OF THESE ENTITIES. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Non Cash AssistanceNonCashAssistanceAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|---|
| CIA OFFICERS MEMORIAL FOUNDATION | ||||||||
| 2251 CORP PARK DRIVE 3RD FL | HERNDON | VA | 20171 | 522360463 | 501(C)(3) | $1,488,503 | $0 | SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. |
| THE OSS SOCIETY | ||||||||
| 7700 LEESBURG PIKE SUITE 324 | FALLS CHURCH | VA | 22043 | 550810619 | 501(C)(3) | $60,800 | $0 | SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. |
| THE UNITARY FUND | ||||||||
| 340 S LEMON AVE 7770 | WALNUT | CA | 91789 | 831592799 | 501(C)(3) | $150,000 | $0 | SEE SUPPLEMENTAL SECTION FOR GRANT PURPOSE. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 3 | Total501c3OrgCnt |
| Total Other Org | 0 | TotalOtherOrgCnt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE I, PART II - CIA OFFICERS MEMORIAL FOUNDATION | IQT MADE A GRANT TO THE CIA OFFICERS MEMORIAL FOUNDATION (COMF) OF $1,487,043. COMF IS A 501(C)(3) PUBLIC CHARITY AND THE DONATION WAS MADE TO PROVIDE SUPPORT TO THE FAMILIES OF CIA OFFICERS WHO HAVE DIED WHILE ON ACTIVE DUTY. |
| SCHEDULE I, PART II - THE OSS SOCIETY | IQT MADE A GRANT TO THE OSS SOCIETY IN THE AMOUNT OF $60,800. THE OSS SOCIETY IS A 501(C)(3) PUBLIC CHARITY THAT PUBLISHES THE OSS SOCIETY JOURNAL, PROVIDES SPEAKERS TO EDUCATIONAL AND MILITARY ORGANIZATIONS, PRESENTS THE WILLIAM J. DONOVAN AWARD ANNUALLY, ESTABLISHES OSS MEMORIALS IN THE UNITED STATES AND EUROPE, OFFERS RESEARCH ASSISTANCE, AND IS BUILDING AN OSS MUSEUM. |
| SCHEDULE I, PART II - UNITARY FUND | IQT LABS LLC, A DISREGARDED ENTITY OF IN-Q-TEL, INC. HAS AGREED TO PROVIDE UP TO THREE YEARS OF FUNDING TO UNITARY FUND TO ESTABLISH A NEW QUANTUM TECHNOLOGY BENCHMARKING STANDARD. DURING THE REPORTING PERIOD, IQT MADE A $150,000 GRANT TO SUPPORT THE EFFORT. UNITARY FUND IS A 501(C)(3) NON-PROFIT WHOSE MISSION IS TO ACCELERATE THE DEVELOPMENT OF A QUANTUM TECHNOLOGY INDUSTRY THAT BENEFITS THE MOST PEOPLE. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| First Class Or Charter Travel | Yes (X) | FirstClassOrCharterTravelInd |
| Idemnification Gross Up Pmts | Yes (X) | IdemnificationGrossUpPmtsInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (15 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| C DARBY | ||||||||||||||
| CEO (END 9/8/23) & TRUSTEE | $723,638 | $0 | $3,934,932 | $0 | $298,557 | $0 | $53,671 | $0 | $22,193 | $0 | $5,032,991 | $0 | $2,000,000 | $0 |
| S BOWSHER | ||||||||||||||
| CEO (EFF 9/9/23) & TRUSTEE | $880,430 | $0 | $1,062,500 | $0 | $3,186 | $0 | $1,171,211 | $0 | $31,296 | $0 | $3,148,623 | $0 | $0 | $0 |
| M STROTTMAN | ||||||||||||||
| CHIEF OPERATING OFFICER | $580,520 | $0 | $472,000 | $0 | $8,906 | $0 | $460,100 | $0 | $31,277 | $0 | $1,552,803 | $0 | $0 | $0 |
| G HOYEM | ||||||||||||||
| EVP INVESTMENTS | $453,486 | $0 | $337,500 | $0 | $4,503 | $0 | $235,100 | $0 | $24,504 | $0 | $1,055,093 | $0 | $0 | $0 |
| B ADAMS | ||||||||||||||
| EVP, GENERAL COUNSEL | $453,603 | $0 | $334,152 | $0 | $7,722 | $0 | $135,100 | $0 | $11,790 | $0 | $942,367 | $0 | $0 | $0 |
| M DICKEN | ||||||||||||||
| EVP, TECHNOLOGY PROGRAMS | $409,877 | $0 | $293,571 | $0 | $4,265 | $0 | $135,100 | $0 | $3,332 | $0 | $846,145 | $0 | $0 | $0 |
| J NELSON | ||||||||||||||
| EVP INTERNATIONAL | $388,228 | $0 | $261,429 | $0 | $17,756 | $0 | $135,100 | $0 | $31,277 | $0 | $833,790 | $0 | $0 | $0 |
| T GILLESPIE | ||||||||||||||
| MNG PTNR, WASHINGTON DC | $429,811 | $0 | $256,875 | $0 | $4,986 | $0 | $85,700 | $0 | $31,313 | $0 | $808,685 | $0 | $0 | $0 |
| B JADEJA | ||||||||||||||
| SENIOR PARTNER | $427,970 | $0 | $256,875 | $0 | $14,156 | $0 | $85,700 | $0 | $11,684 | $0 | $796,385 | $0 | $0 | $0 |
| S SEWALL | ||||||||||||||
| EVP, NAT INNOV POLICY | $347,472 | $0 | $261,056 | $0 | $5,364 | $0 | $135,100 | $0 | $31,394 | $0 | $780,386 | $0 | $0 | $0 |
| E FOX | ||||||||||||||
| EVP, PRODUCT MKT & COMM | $348,957 | $0 | $261,429 | $0 | $3,474 | $0 | $135,100 | $0 | $31,286 | $0 | $780,246 | $0 | $0 | $0 |
| E CHIU | ||||||||||||||
| SENIOR PARTNER | $401,995 | $0 | $243,000 | $0 | $1,201 | $0 | $85,700 | $0 | $31,280 | $0 | $763,176 | $0 | $0 | $0 |
| C GRAY | ||||||||||||||
| SENIOR PARTNER | $400,805 | $0 | $234,000 | $0 | $2,322 | $0 | $85,700 | $0 | $31,144 | $0 | $753,971 | $0 | $0 | $0 |
| D HANFLING | ||||||||||||||
| VICE PRESIDENT, TECHNOLOGY | $301,581 | $0 | $291,025 | $0 | $5,364 | $0 | $13,200 | $0 | $31,356 | $0 | $642,526 | $0 | $0 | $0 |
| Y ZHENG | ||||||||||||||
| CHIEF OF STAFF (EFF 12/13/23) | $258,868 | $0 | $75,250 | $0 | $2,316 | $0 | $138,200 | $0 | $1,897 | $0 | $476,531 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | IQT'S CORPORATE TRAVEL POLICY STATES, FOR DOMESTIC TRAVEL, "ALL IQT EMPLOYEES, OTHER THAN THE CEO, PRESIDENT, COO, GC OR EXECUTIVE VICE PRESIDENTS, ARE REQUIRED TO TRAVEL IN COACH OR ECONOMY CLASS." FOR FLIGHTS OVER APPROXIMATELY FIVE HOURS EMPLOYEES MAY BOOK ECONOMY PLUS AIRFARE. ON INTERNATIONAL FLIGHTS, IF AN EMPLOYEE IS EXPECTED TO WORK ON THE DAY OF ARRIVAL OR HAS WORKED THE FULL DAY OF DEPARTURE, THE EMPLOYEE MAY UPGRADE TO BUSINESS CLASS AIRFARE. WHILE THE CORPORATE TRAVEL POLICY SPECIFICALLY ADDRESSES IQT EMPLOYEE TRAVEL, IQT BOARD OF TRUSTEES ARE PROVIDED THE OPTION TO TRAVEL TO QUARTERLY BOARD MEETINGS IN BUSINESS CLASS AND RECEIVE REIMBURSEMENT. IQT GROSSES UP THE AMOUNT ADDED TO WAGES FOR THE CEO TO COMPENSATE FOR THE INCOME TAX LIABILITY ASSOCIATED WITH PAYING A LIFE INSURANCE PREMIUM ON HIS BEHALF. |
| PART I, LINE 4B | THE COMPENSATION OF THE CEO, COO AND PRESIDENT IS NOT PAID FOR WITH GOVERNMENT FUNDING. IN ADDITION, ALL INDIVIDUAL EMPLOYEE COMPENSATION IN EXCESS OF $619,000 FOR CALENDAR YEAR 2023 IS ALSO NOT PAID FOR WITH GOVERNMENT FUNDING. MR. DARBY'S EMPLOYMENT TERMINATED ON SEPTEMBER 8, 2023. FOR CALENDAR YEAR 2023, MR. DARBY'S EMPLOYMENT ARRANGEMENT WAS AS FOLLOWS: - BASE SALARY OF $1,000,000 PRORATED THROUGH SEPTEMBER 8, 2023; - SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION AS A RETENTION MECHANISM PAID PRO-RATA FOR THE PERIOD OF THE CONTRACT SERVED. MR. BOWSHER ASSUMED THE ROLE OF CEO EFFECTIVE SEPTEMBER 9, 2023 AND HIS BASE SALARY WAS INCREASED FROM $850,000 TO $1,000,000 PRORATED FOR THE REMAINDER OF THE CALENDAR YEAR 2023. MR. BOWSHER'S EMPLOYMENT ARRANGEMENT IS AS FOLLOWS: - BASE SALARY OF $850,000 JANUARY 1, 2023 - SEPTEMBER 8, 2023; $1,000,000 SEPTEMBER 9, 2023 - DECEMBER 31, 2023; - AN ANNUAL PERFORMANCE BASED BONUS DECIDED BY THE BOARD BASED ON PRESET CRITERIA; - SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION AS A RETENTION MECHANISM, PAYABLE UPON COMPLETION OF THE CONTRACT TERM. FOR CALENDAR YEAR 2023, MR. STROTTMAN'S EMPLOYMENT ARRANGEMENT IS AS FOLLOWS: - BASE SALARY OF $590,000; - AN ANNUAL PERFORMANCE BASED BONUS DECIDED BY THE BOARD BASED ON PRESET CRITERIA; - SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION AS A RETENTION MECHANISM, PAYABLE UPON COMPLETION OF THE CONTRACT TERM. |
| PART VII & SCHEDULE J, PART II | IN ADDITION TO MR. DARBY'S RESPONSIBILITIES AS CEO OF IQT, MR. DARBY SERVES AS A TRUSTEE ON THE COMPANY'S BOARD OF TRUSTEES. MR. DARBY WILL CONTINUE TO SERVE AS A TRUSTEE ON THE BOARD FOR A ONE YEAR PERIOD FOLLOWING HIS DEPARTURE. MR. DARBY HAS WAIVED ANY COMPENSATION RELATED TO HIS TRUSTEE DUTIES AND HIS INCOME AS REPORTED IN THIS FORM IS ENTIRELY ATTRIBUTABLE TO HIS DUTIES AS CEO. IN ADDITION TO MR. BOWSHER'S RESPONSIBILITIES AS CEO, HE ALSO BECAME A TRUSTEE ON THE COMPANY'S BOARD. MR. BOWSHER HAS WAIVED ANY COMPENSATION RELATED TO HIS TRUSTEE DUTIES AND HIS INCOME AS REPORTED IN THIS FOR IS ENTIRELY ATTRIBUTABLE TO HIS DUTIES AS PRESIDENT AND CEO. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART III, LINE 4A | IQT WAS ESTABLISHED IN 1999 AS AN INDEPENDENT, NOT-FOR-PROFIT CORPORATION TO HELP THE CIA AND BROADER U.S. INTELLIGENCE COMMUNITY TO IDENTIFY INNOVATIVE TECHNOLOGIES ARISING FROM THE VENTURE-BACKED STARTUP COMMUNITY AND HARNESS THEM FOR NATIONAL SECURITY. IT IS A ONE-OF-A-KIND ORGANIZATION THAT CONSISTENTLY DELIVERS SOPHISTICATED INSIGHTS AND INVESTMENTS, AND UNPARALLELED ACCESS TO DEEP TECHNOLOGICAL EXPERTISE, ULTIMATELY PROVIDING MISSION-IMPACTFUL TECHNOLOGY CAPABILITIES WHILE SIMULTANEOUSLY INNOVATING TO SERVE IQT'S PARTNERS IN NEW WAYS. APPROACH: - IQT'S APPROACH SHOULD BE CONSIDERED "GLOBAL SECURITY INVESTING" (GSI). THIS ENCOMPASSES TRADITIONAL TERMS SUCH AS A DEFENSE TECH AND MISSION TECH, YET PLACES GREATER EMPHASIS ON LEVERAGING EXISTING AND OVER-THE-HORIZON COMMERCIAL TECHNOLOGY TO SUSTAIN MILITARY AND INTELLIGENCE OVERMATCH AGAINST ADVERSARIES. THIS APPROACH RECOGNIZES THAT IF THE U.S. IS TO WIN THE INNOVATION WARS, WE NEED NEW WAYS TO CATALYZE INVESTMENT IN UNDERFUNDED AREAS CRITICAL TO NATIONAL SECURITY AND PROMOTING ECONOMIC PROSPERITY. - AS A STRATEGIC INVESTOR IN GSI, THE COMPANY FUNDS STARTUP COMPANIES TO HELP MATURE NASCENT, DUAL-USE COMMERCIAL TECHNOLOGIES INTO MISSION-READY PRODUCTS AT A LOWER COST THAN BUILDING FROM THE GROUND UP AND OTHER ALTERNATIVE APPROACHES. IQT'S STRATEGIC AND GLOBAL INVESTMENT MODEL ENABLES AGILITY OFTEN LACKING WITHIN TRADITIONAL GOVERNMENT CONTRACTING MECHANISMS. - IQT FINDS AND NURTURES ENTREPRENEURS AND STARTUP COMPANIES THAT CAN PROVIDE A SUPPLY CHAIN OF INNOVATION WHICH ENABLES THE U.S. INTELLIGENCE AND DEFENSE COMMUNITIES AND ITS ALLIES TO BENEFIT FROM ADVANCES IN COMMERCIAL TECHNOLOGIES. - UNLIKE TRADITIONAL GOVERNMENT CONTRACTORS THAT ADDRESS LIMITED AND DIRECT GOVERNMENT NEEDS, IQT HELPS THE U.S. INTELLIGENCE AND DEFENSE COMMUNITIES, AND ITS ALLIES UNDERSTAND THE TECHNOLOGY LANDSCAPE WHICH FURTHERS THE OVERALL NATIONAL SECURITY EFFORTS OF THE GOVERNMENT AND PROVIDES A BROAD-BASED BENEFIT TO THE PUBLIC. - IQT ALSO OPERATES AS A TECHNOLOGY ACCELERATOR, FOSTERING DEVELOPMENT AND INTRODUCTION OF TECHNOLOGIES TO IMPROVE THE NATIONAL SECURITY CAPABILITIES OF THE U.S. GOVERNMENT; IQT'S GLOBAL SOURCING, RIGOROUS AND THOROUGH MARKET RESEARCH, AND BUSINESS ACUMEN ENABLE IT TO PROVIDE MEANINGFUL INSIGHTS TO U.S. GOVERNMENT PARTNERS AND TAKE CALCULATED INVESTMENT RISKS NECESSARY TO ADAPT AND MATURE NASCENT, LEADING-EDGE TECHNOLOGIES TO OPERATIONAL READINESS TO HELP THE U.S. GOVERNMENT ACHIEVE ITS MISSIONS. - AN EXPLORATORY IDEA LAB PROVIDING THE U.S. GOVERNMENT WITH AWARENESS AND ACCESS TO OPEN-SOURCE TECHNOLOGIES AND LEADING INNOVATORS AND THINKERS THROUGH CUTTING-EDGE TECHNOLOGY AND COLLABORATIVE RESEARCH. IDENTIFYING INNOVATIVE TECHNOLOGIES: AS A STRATEGIC INVESTOR, IQT SCOURS THE GLOBE FOR STARTUP TECHNOLOGIES WITH DUAL-USE CAPABILITIES - TECHNOLOGIES AND SERVICES APPLICABLE TO NEEDS OF THE COMMERCIAL MARKETS AND NATIONAL SECURITY MISSION - DELIVERING INSIGHTS, TECHNOLOGY COMPONENTS, AND SOLUTIONS. THESE OFF-THE-SHELF PRODUCTS DO NOT REQUIRE LONG-TERM DEVELOPMENT FROM THE GROUND UP. RATHER THEY CAN BE ADAPTED FOR "READY-SOON" TESTING AND MISSION USE CASES. BY FOCUSING ON DUAL-USE TECHNOLOGY, IQT IDENTIFIES AND DELIVERS CRITICAL, INNOVATIVE TECHNOLOGY MORE QUICKLY AND COST EFFECTIVELY. THE FOUNDATIONAL ELEMENTS OF IQT'S STRATEGIC APPROACH ARE ITS RIGOROUS DILIGENCE, TECHNOLOGY AND BUSINESS ACUMEN, AND THE AGILITY OF TECHNOLOGY DEVELOPMENT EFFORTS - AKA WORK PROGRAMS - WHERE IQT COLLABORATES WITH THE STARTUP TO TAILOR A COMPANY'S TECHNOLOGY TO THE CAPABILITIES NEEDED BY ITS GOVERNMENT PARTNERS AND INVESTS TOWARDS THAT WORK PROGRAM. IQT DESIGNS ITS STRATEGIC INVESTMENTS TO ACCELERATE PRODUCT DEVELOPMENT AND DELIVERY AND TO HELP COMPANIES ADD CAPABILITIES THAT WILL HELP OUR GOVERNMENT PARTNERS FUNCTION MORE EFFECTIVELY AND EFFICIENTLY. IQT ALSO MAKES MODEST, EQUITY-ONLY INVESTMENTS. THESE INVESTMENTS DO NOT INCLUDE A WORK PROGRAM WHERE THE TECHNOLOGY IS MODIFIED, YET IQT BELIEVES THE TECHNOLOGICAL CAPABILITIES HOLD POTENTIAL TO SUPPORT THE NATIONAL SECURITY MISSION, AND ULTIMATELY THE GENERAL PUBLIC. IQT ALSO SERVES AS A TECHNOLOGY CONSULTANT AND ADVISOR THAT PROVIDES MARKET, TECHNOLOGY, AND VENTURE CAPITAL INSIGHTS TO THE U.S. INTELLIGENCE AND DEFENSE COMMUNITIES AND ITS ALLIES. IQT EFFECTIVELY LEVERAGES A SIGNIFICANT AMOUNT OF PRIVATE SECTOR FUNDS, OFTEN FROM TOP-TIER VENTURE CAPITAL FIRMS, TO CO-INVEST IN OUR PORTFOLIO COMPANIES. ON AVERAGE, FOR EVERY DOLLAR THAT IQT INVESTS IN A COMPANY, THE VENTURE CAPITAL COMMUNITY HAS INVESTED $40 WHICH HELPS ENSURE THE COMPANY HAS FINANCIAL BACKING TO MAINTAIN SUPPORT TO THE GOVERNMENT WITHOUT THE GOVERNMENT BEING THE SOLE OR PRIMARY FUNDER. AS OF MARCH 31, 2024, IQT TECHNOLOGY FOCUS AREAS ARE ARTIFICIAL INTELLIGENCE, CYBER, ENERGY, ENTERPRISE, ADVANCED HARDWARE SYSTEMS, LIFE SCIENCES AND BIOTECHNOLOGY, QUANTUM, MICROELECTRONICS, AND SPACE. BUILDING STRONG COMPANIES FOR STRONG TECHNOLOGIES: USING PRODUCT DEVELOPMENT FUNDING AND EQUITY INVESTING, IQT INCENTIVIZES COMPANIES TO PUT THEIR BEST TALENT INTO SOLVING THE TOUGHEST TECHNOLOGY PROBLEMS FACING THE U.S. NATIONAL SECURITY COMMUNITY AND ITS ALLIES. THROUGH ITS STRATEGIC INVESTMENTS PARTNERSHIPS (THOSE WITH A WORK PROGRAM), IQT WORKS WITH THE COMPANY AND ITS GOVERNMENT PARTNERS TO ADAPT THE TECHNOLOGY TO HELP THE GOVERNMENT OPERATE MORE EFFECTIVELY AND EFFICIENTLY. THROUGH COLLABORATION AND COORDINATION, IQT WORKS WITH THE COMPANY AND GOVERNMENT PARTNER TO TEST THE TAILORED TECHNOLOGY, PROVIDE ASSESSMENT ABOUT FUNCTIONALITY, AND FACILITATE SOLUTION DELIVERY. THE ADVANTAGES OF THIS HANDS ON, COLLABORATIVE APPROACH IS SIGNIFICANT: LOWER INITIAL AND LONG-TERM COSTS, RAPID DEVELOPMENT, TESTING AND EVALUATION TO DETERMINE EFFECTIVENESS, AND ONGOING PRODUCT ENHANCEMENTS TO ENSURE UTILITY FOR THE NATIONAL SECURITY MISSION. SUPPORTING AND ESTABLISHING NEW PARTNERS: TODAY IQT IS A PARTNER TO MULTIPLE AGENCIES COMMITTED TO NATIONAL SECURITY INCLUDING CIA (CENTRAL INTELLIGENCE AGENCY), FBI (FEDERAL BUREAU OF INVESTIGATION), NSA (NATIONAL SECURITY AGENCY), NGA (NATIONAL GEOSPATIAL-INTELLIGENCE AGENCY), NRO (NATIONAL RECONNAISSANCE OFFICE), CBP (CUSTOMS AND BORDER PROTECTION), DHS (DEPARTMENT OF HOMELAND SECURITY) AND OTHER DHS COMPONENTS, DIA (DEFENSE INTELLIGENCE AGENCY), AND U.S. CYBER COMMAND. IQT WELCOMED NEW U.S. GOVERNMENT PARTNERS IN FY24: U.S. SPACE FORCE, U.S. CENTRAL COMMAND, AND NAVALX THROUGH THE OFFICE OF NAVAL RESEARCH. PROGRAM SERVICE ACCOMPLISHMENTS: IQT MAKES APPROXIMATELY 70 INVESTMENTS EACH YEAR. AS OF MARCH 31, 2024 IQT HAS MADE APPROXIMATELY 700 INVESTMENTS AND HAS TRANSITIONED ALMOST 500 PORTFOLIO TECHNOLOGIES TO DELIVER ON THE NEEDS OF OUR GOVERNMENT PARTNERS. IQT IS A CHAMPION OF INNOVATION, COUNTING INVESTMENTS IN 35+ STATES AND NEARLY 20 COUNTRIES. THESE TECHNOLOGIES HAVE CONTRIBUTED DIRECTLY TO SITUATIONAL AWARENESS AND MISSION CAPABILITIES OF THE U.S. INTELLIGENCE AND NATIONAL SECURITY COMMUNITY AND ITS ALLIES. TECHNOLOGY DELIVERED BY IQT, FOR EXAMPLE, MAKES IT POSSIBLE TO FUSE DATA FROM MAPS, IMAGES, TEXT, AND OTHER SOURCES; VISUALIZE PHYSICAL SPACES AND INFORMATION IN WAYS NOT PREVIOUSLY POSSIBLE; RAPIDLY PROCESS VAST AMOUNTS OF INFORMATION IN MULTIPLE LANGUAGES; MAKE SENSE OF SEEMINGLY UNCONNECTED INFORMATION; AND IDENTIFY CRITICAL INTELLIGENCE FASTER AND MORE EFFECTIVELY. SIMULTANEOUSLY, IQT HAS CULTIVATED A NETWORK OF MORE THAN 200 VENTURE CAPITAL FIRMS AND MORE THAN 100 LABS AND RESEARCH ORGANIZATIONS, FURTHER BROADENING THE U.S. GOVERNMENT ACCESS TO INNOVATIVE TECHNOLOGIES. THIS NETWORK HAS ALLOWED IQT TO LEVERAGE MORE THAN $62 BILLION IN PRIVATE-SECTOR FUNDS TO SUPPORT TECHNOLOGY FOR THE NATIONAL SECURITY COMMUNITY. AS A GLOBAL INVESTMENT PLATFORM, IQT MAINTAINED ITS WORK SUPPORTING THE TRILATERAL PARTNERSHIP BETWEEN THE U.S., AUSTRALIAN, AND U.K. INTELLIGENCE AND NATIONAL SECURITY COMMUNITIES. IQT DIRECTS IQT'S INTERNATIONAL EFFORTS VIA IQTI, LLC (IQTI), A WHOLLY OWNED U.S. SUBSIDIARY OF IQT. IQT INTERNATIONAL AUSTRALIA PTY. LTD., IQT INTERNATIONAL SINGAPORE PTE. LTD., AND IQT INTERNATIONAL U.K. LTD. ARE WHOLLY OWNED SUBSIDIARIES OF IQTI. DURING THE TAX YEAR, IQT ESTABLISHED ITS PRESENCE IN SINGAPORE AND MUNICH AND OPERATES AS IQT INTERNATIONAL SINGAPORE PTE. LTD., AND IQTI GMBH, RESPECTIVELY, WHICH ARE WHOLLY OWNED SUBSIDIARIES OF SINGAPORE AND IQTI. THESE OFFICES HAVE ENABLED IQT TO STRENGTHEN ITS ABILITY TO REACH STARTUPS AND THE VENTURE CAPITAL COMMUNITY OUTSIDE THE UNITED STATES AND BETTER CONTRIBUTE TO THE NATIONAL SECURITY OF THE U.S. INTELLIGENCE AND NATIONAL SECURITY COMMUNITY AND ITS ALLIES. DURING THE YEAR ENDED MARCH 31, 2024, THESE OFFICES ENGAGED WITH THE TECHNOLOGY, VENTURE, ACADEMIC, AND STARTUP ECOSYSTEMS IN THEIR RESPECTIVE GEOGRAPHIES AND RECOMMENDED STRATEGIC INVESTMENTS THAT FURTHER ENABLED IQT'S NATIONAL SECURITY MISSION FOR THE U.S. INTELLIGENCE AND DEFENSE COMMUNITIES AND ITS ALLIES. |
| FORM 990, PART III, LINE 4A | IQT LABS CONTINUED ITS COLLABORATIVE, EXPLORATORY RESEARCH ENDEAVORS TO OFFER INSIGHT INTO ADDRESSING LARGE, COMPLEX PROBLEMS FACING NATIONAL SECURITY. IQT LABS EXECUTED ON ITS CONTRACT WITH THE OFFICE OF THE DIRECTOR OF NATIONAL INTELLIGENCE (ODNI) TO EXPERIMENT, TEST AND PROTOTYPE, AND DEVELOP TECHNIQUES TO ADDRESS HARD PROBLEMS WHICH DO NOT HAVE AN IMMEDIATE OR OBVIOUS COMMERCIAL SOLUTION. IQT LABS REFLECTS IQT'S NONPROFIT MISSION BY ENGAGING WITH THE OPEN SOURCE DIGITAL COMMONS AND GLOBAL MAKER MOVEMENT TO DE-RISK EMERGING TECHNOLOGY IN MYRIAD DOMAINS. IQT LABS ARE FUNDED, IN PART, BY PROCEEDS FROM INVESTMENT REALIZATIONS ON PORTFOLIO COMPANY EXITS AND THE CONTRACT WITH THE OFFICE OF THE DIRECTOR OF NATIONAL INTELLIGENCE (ODNI). IQT CONTINUES TO BE A RESOURCE TO CONGRESS AND THE BROADER POLICY COMMUNITY; THE ORGANIZATION SUPPORTS REQUESTS FOR DISCUSSION ABOUT THE INNOVATION ECOSYSTEM FROM THE STARTUP AND VENTURE COMMUNITY AND THE INTERSECTION WITH NATIONAL SECURITY; CONSIDERATIONS ABOUT ENGINEERED BIOLOGY AND NEXT-GENERATION POWER AND ENERGY; MICROELECTRONICS AND INNOVATIVE APPROACHES THE U.S. GOVERNMENT COULD TAKE TO ENSURE STABILITY IN THIS SUPPLY CHAIN. THESE ACTIVITIES INCLUDE NONPARTISAN RESEARCH AND ANALYSIS BRIEFINGS TO MEMBERS AND STAFF OF THE EXECUTIVE AND LEGISLATIVE BRANCHES AND WRITTEN AND PERSONAL TESTIMONY TO CONGRESS. THEY INCLUDE SUFFICIENTLY FULL AND FAIR EXPOSITION OF THE PERTINENT FACTS TO ENABLE THE AUDIENCE TO FORM AN INDEPENDENT OPINION OR CONCLUSION. IQT IS GOVERNED BY AN INDEPENDENT BOARD OF TRUSTEES COMPRISED OF FORMER OFFICIALS FROM THE DEFENSE AND INTELLIGENCE COMMUNITIES, AS WELL AS CURRENT OR FORMER CEOS OF MAJOR COMPANIES, AND UNIVERSITY AND INVESTMENT INDUSTRY LEADERS. IQT IS AN INDEPENDENT, NOT-FOR-PROFIT CORPORATION. IQT IS NEITHER PART OF THE CIA NOR IS IT A GOVERNMENT AGENCY. HOWEVER, IQT IS PARTY TO AND BOUND BY A CHARTER AGREEMENT AND ANNUAL CONTRACTS WITH THE CIA. |
| FORM 990, PART III, LINE 4A AND PART VIII, LINE 2 | THE PRIMARY PURPOSE OF IQT IS TO IDENTIFY, EVALUATE, AND LEVERAGE EMERGING COMMERCIAL TECHNOLOGIES FOR THE NATIONAL SECURITY COMMUNITY. IQT ACHIEVES ITS MISSION BY DELIVERING BEST-IN-CLASS CAPABILITIES, INSIGHTS, AND OTHER SERVICES TO OUR PARTNERS THROUGH A UNIQUE GLOBAL INVESTMENT PLATFORM. THESE INVESTMENTS ARE REPORTED UNDER PROGRAM SERVICE REVENUE. HOWEVER, THE NET REALIZED GAINS AND LOSSES OF THE INVESTMENTS RESULTED IN A NEGATIVE RETURN DUE TO MARKET FLUCTUATIONS AND UNFORESEEN CHALLENGES IN THE TECHNOLOGY SECTOR DURING THIS YEAR. |
| FORM 990, PART VI, SECTION A, LINE 2 | BUSINESS RELATIONSHIPS DURING THE REPORTING PERIOD, THERE WERE BUSINESS RELATIONSHIPS BETWEEN STEPHEN BOWSHER AND CHRIS DARBY. THEY EACH SERVED AS AN OFFICER AND/OR DIRECTOR OF CHAIN BRIDGE I, A SPECIAL PURPOSE ACQUISITION COMPANY, OR CHAIN BRIDGE GROUP, THE ORIGINAL SPONSOR OF CHAIN BRIDGE I. THEY ARE ALSO SHAREHOLDERS OF CHAIN BRIDGE GROUP. AS OF DECEMBER 29, 2023, EACH OF THEM RESIGNED THEIR POSITIONS WITH CHAIN BRIDGE I. CHAIN BRIDGE GROUP REMAINS A SHAREHOLDER OF CHAIN BRIDGE I. MR. BOWSHER AND MR. DARBY ARE ALSO CO-MANAGERS OF ALIAS PARTNERS LLC, AN INVESTMENT VEHICLE. THERE IS A BUSINESS RELATIONSHIP BETWEEN C. DARBY (TRUSTEE) AND S. O'SULLIVAN (TRUSTEE) AS THEY BOTH SERVED AS BOARD MEMBERS OF THE CIA OFFICERS MEMORIAL FOUNDATION UNTIL JUNE 2023 WHEN MRS. O'SULLIVAN DEPARTED HER ROLE ON THE BOARD OF THE CIA OFFICERS MEMORIAL FOUNDATION. |
| FORM 990, PART VI, SECTION B, LINE 11B | REVIEW OF FORM 990 THE FORM 990 WAS PREPARED BY THE COMPANY'S EXTERNAL TAX ADVISORY FIRM WITH THE ASSISTANCE OF IQT'S FINANCE TEAM. THE FORM 990 WAS ALSO REVIEWED BY CERTAIN MEMBERS OF THE COMPANY'S EXECUTIVE TEAM, INCLUDING THE COO AND GENERAL COUNSEL. ADDITIONALLY, THE AUDIT AND ETHICS COMMITTEE OF THE BOARD OF TRUSTEES REVIEWED THE FORM 990 DURING ONE OF ITS QUARTERLY MEETINGS. AFTER REVIEW BY THE AUDIT AND ETHICS COMMITTEE, THE FORM 990 WAS DISTRIBUTED TO ALL MEMBERS OF THE BOARD OF TRUSTEES PRIOR TO FILING. |
| FORM 990, PART VI, SECTION B, LINE 12C | CONFLICT OF INTEREST POLICY DISCLOSURE AND RECUSAL ARE REQUIRED FOR ALL CONFLICTS OF INTEREST UNDER THE CONFLICTS OF INTEREST POLICIES FOR TRUSTEES, OFFICERS AND EMPLOYEES. FOR EVERY TRANSACTION SUBJECT TO BOARD/COMMITTEE APPROVAL, THE MEMBERS OF THE BOARD AND COMMITTEE ARE ASKED TO DISCLOSE ANY CONFLICTS UNDER THE POLICIES. FOR EACH TRANSACTION, IQT ALSO IDENTIFIES AND DISCLOSES ANY CONFLICTS INVOLVING IQT TRUSTEES, OFFICERS AND EMPLOYEES. EACH TRUSTEE, OFFICER AND EMPLOYEE WHO HAS A CONFLICT IS RECUSED FROM PARTICIPATING IN IQT'S DELIBERATIONS OF, OR VOTES TO AUTHORIZE, RATIFY OR CONFIRM THE TRANSACTION THAT IS THE SUBJECT OF THE CONFLICT UNLESS A WAIVER IS GIVEN BY A MAJORITY OF THE DISINTERESTED MEMBERS OF THE BOARD (IN THE EVENT OF A TRUSTEE OR OFFICER), THE BOARD, OR THE CORPORATION'S ETHICS OFFICER (IN THE EVENT OF AN EMPLOYEE WHO IS NOT A TRUSTEE OR OFFICER.) ADDITIONALLY, EACH YEAR, ALL IQT TRUSTEES AND OFFICERS ARE REQUIRED TO COMPLETE A QUESTIONNAIRE AS TO WHETHER THE TRUSTEES ARE INDEPENDENT AND WHETHER THE OFFICERS OR TRUSTEES HAVE A FAMILY RELATIONSHIP OR A BUSINESS RELATIONSHIP WITH ANY OTHER OFFICER, DIRECTOR, TRUSTEE, OR KEY EMPLOYEE OF IQT. IN ADDITION, THROUGHOUT THE YEAR, EMPLOYEES ARE REQUIRED TO DISCLOSE OUTSIDE ACTIVITIES AS THEY ARISE. |
| FORM 990, PART VI, SECTION B, LINE 15 | COMPENSATION EXPLANATION IN FORMULATING IQT'S COMPENSATION SYSTEM, THE BOARD OF TRUSTEES COMPLIES WITH ITS RESPONSIBILITIES UNDER THE INTERNAL REVENUE CODE OF 1986, AS AMENDED ("CODE"), TO PAY REASONABLE COMPENSATION TO IQT'S EMPLOYEES AND TO AVOID ANY "EXCESS BENEFIT TRANSACTIONS" UNDER SECTION 4958 OF THE CODE. IN OVERSEEING IQT'S COMPENSATION SYSTEM, THE BOARD ADHERES TO THE FOLLOWING PRINCIPLES: - THE COMPENSATION SYSTEM IS APPROVED BY THE BOARD OR A COMMITTEE OF THE BOARD COMPOSED ENTIRELY OF INDEPENDENT TRUSTEES WHO ARE NOT EMPLOYEES OF, OR INDEPENDENT CONTRACTORS TO, IQT. - THE BOARD, OR COMMITTEE THEREOF, OBTAINS AND RELIES UPON APPROPRIATE COMPENSATION DATA FOR COMPARABLE ENTITIES PRIOR TO MAKING COMPENSATION DETERMINATIONS; AND - THE BASIS FOR ITS DETERMINATION IS DOCUMENTED CONCURRENTLY WITH THE BOARD OR COMMITTEE MAKING THAT DETERMINATION. IQT'S HUMAN RESOURCES AND COMPENSATION COMMITTEE (THE "HR AND COMPENSATION COMMITTEE OR "COMMITTEE") HAS BEEN CHARGED BY THE BOARD OF TRUSTEES TO ASSIST THE BOARD IN OVERSEEING IQT'S COMPENSATION SYSTEM. SPECIFICALLY, THE COMMITTEE PERFORMS THE FOLLOWING DUTIES: - ENSURES THAT IQT'S COMPENSATION PROGRAM AND OTHER EMPLOYEE BENEFITS ARE COMPARABLE TO APPROPRIATE MARKETS. - CONDUCTS AN ANNUAL REVIEW OF THE CHIEF EXECUTIVE OFFICER'S ("CEO'S") PERFORMANCE AND MAKES RECOMMENDATIONS TO THE BOARD OF TRUSTEES ON THE CEO'S COMPENSATION AND BENEFITS FOR THE NEXT YEAR. - ON AN ANNUAL BASIS, REVIEWS THE CEO'S RECOMMENDATIONS REGARDING THE COMPENSATION AND BENEFITS OF THE OTHER DISQUALIFIED PERSONS, AS DEFINED IN SECTION 4958 OF THE INTERNAL REVENUE CODE, AND DETERMINES THEIR COMPENSATION AND BENEFITS FOR THE NEXT YEAR. - ON AN ANNUAL BASIS, REVIEWS THE DETERMINATION OF COMPENSATION AND BENEFITS OF THE OTHER EMPLOYEES MADE BY THE CEO OR THE CEO'S DESIGNEE. - ENGAGES AN INDEPENDENT COMPENSATION CONSULTING FIRM TO PERFORM A PERIODIC STUDY OF IQT'S COMPENSATION PROGRAM AND ADMINISTRATION, OR PARTS THEREOF. (THIS STUDY INCLUDES, BUT IS NOT LIMITED TO, A REVIEW OF DATA THE COMPANY USED TO BENCHMARK POSITIONS, DOCUMENTATION OF BASE SALARY ADJUSTMENTS, AND ANNUAL INCENTIVE PLAN AWARDS.) FOLLOWING COMPLETION OF SUCH STUDY, THE COMPENSATION CONSULTING FIRM DELIVERS A REPORT TO THE HUMAN RESOURCES AND COMPENSATION COMMITTEE DISCUSSING IQT'S ADHERENCE TO ITS COMPENSATION POLICIES. - WORKS WITH IQT'S IN-HOUSE AND OUTSIDE COUNSEL TO ENSURE THAT IQT'S COMPENSATION STRUCTURE AND PLANS COMPLY WITH INTERNAL REVENUE CODE AND OTHER LEGAL REQUIREMENTS. - KEEPS THE BOARD OF TRUSTEES INFORMED OF KEY COMPENSATION AND HUMAN RESOURCE ISSUES AFFECTING IQT. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS AVAILABLE TO THE PUBLIC IQT DOES NOT MAKE THIS INFORMATION AVAILABLE TO THE PUBLIC. |
| FORM 990, PART XI, LINE 9: | GAIN/LOSS ON FIXED ASSET DISPOSAL -139,478. GAIN/LOSS ON CASH BALANCE PLAN 216,923. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| IQTI LLC | |||||||||
| 1800 TYSONS BLVD SUITE 1200 | TYSONS | VA | 22102 | 831904400 | INVESTMENTS | DE | $0 | $0 | IN-Q-TELINC |
| IQT LABS LLC | |||||||||
| 1800 TYSONS BLVD SUITE 1200 | TYSONS | VA | 22102 | 832261314 | RESEARCH | DE | $0 | $0 | IN-Q-TELINC |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)
| Address Line1ForeignAddress/AddressLine1Txt | CityForeignAddress/CityNm | CountryForeignAddress/CountryCd | Foreign PostalForeignAddress/ForeignPostalCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Entity TypeEntityTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | OwnershipOwnershipPct | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| IQT INTERNATIONAL UK LTD | ||||||||||||
| FIRST FLOOR 17 DUKE OF YORK STREET | LONDON | UK | SW1Y 6LB | 999999999 | CONSULTING | UK | IN-Q-TELINC | C | $4,472,672 | $3,198,106 | 1.00000 | Yes (1) |
| IQT INTERNATIONAL AUSTRALIA PTY LTD | ||||||||||||
| 2 BLIGH STREET | SYDNEY | AS | 2000 | 999999999 | CONSULTING | AS | IN-Q-TELINC | C | $3,281,786 | $2,573,503 | 1.00000 | Yes (1) |
| IQT INTERNATIONAL SINGAPORE PTE LTD | ||||||||||||
| 8 MARINA BOULEVARD 14-01 MBFC TOW | SINGAPORE | SN | 018981 | 999999999 | CONSULTING | SN | IN-Q-TELINC | C | $2,546,341 | $1,459,124 | 1.00000 | Yes (1) |
| IQTI GMBH | ||||||||||||
| MAXIMILIANSTRASSE 54 | MUNICH | GM | 80538 | 999999999 | CONSULTING | GM | IN-Q-TELINC | C | $106,114 | $32,192 | 1.00000 | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | Yes (1) | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (9 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| IQT INTERNATIONAL UK LTD | ||
| M | $4,252,414 | FMV |
| IQT INTERNATIONAL AUSTRALIA PTY LTD | ||
| M | $3,251,286 | FMV |
| IQT INTERNATIONAL SINGAPORE PTE LTD | ||
| M | $2,510,649 | FMV |
| IQTI GMBH | ||
| M | $96,621 | FMV |
| IQT INTERNATIONAL UK LTD | ||
| L | $92,149 | FMV |
| IQT INTERNATIONAL AUSTRALIA PTY LTD | ||
| L | $69,112 | FMV |
| IQT INTERNATIONAL UK LTD | ||
| R | $1,500,000 | FMV |
| IQT INTERNATIONAL AUSTRALIA PTY LTD | ||
| R | $3,491,010 | FMV |
| IQT INTERNATIONAL SINGAPORE PTE LTD | ||
| R | $1,000,000 | FMV |
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