2019-02-12T07:01:45-06:00 2018-03-31 KPMG LLP 1676 International Drive Ste 1200 McLean VA 22102 990 2017-04-01 522149962 In-Q-Tel Inc % MATTHEW STROTTMAN IN-Q 7032483000 2107 WILSON BLVD Suite 1100 ARLINGTON VA 22201 MATTHEW STROTTMAN EVP AND COO 7032483000 2019-02-11 true JG WHITE P01498698 7032868000 167.68.102.5 54028020190435000000 2019-02-12 P CD1E5CCB2BE3C840F7484A12C7B19BF4FDF69301 CD1E5CCB2BE3C840F7484A12C7B19BF4FDF69301 2017 2019-02-21 02:37:17Z CHRISTOPHER DARBY 2107 WILSON BLVD1100 ARLINGTON VA 22201 134154648 false X WWW.IQT.ORG X 1999 DE IN-Q-TEL (IQT) IDENTIFIES, ADAPTS, AND DELIVERS INNOVATIVE TECHNOLOGY SOLUTIONS THAT SERVE THE NATIONAL SECURITY INTERESTS OF THE UNITED STATES. 13 12 178 0 0 48792 127638926 92635358 0 0 12249940 24062610 35380 0 139924246 116697968 200000 300000 0 0 41084784 40947044 0 0 0 67319297 40764191 108604081 82011235 31320165 34686733 535480336 590691641 130364037 140872077 405116299 449819564 X IN-Q-TEL (IQT) IDENTIFIES, ADAPTS, AND DELIVERS INNOVATIVE TECHNOLOGY SOLUTIONS THAT SERVE THE NATIONAL SECURITY INTERESTS OF THE UNITED STATES. false false 64420968 300000 In-Q-Tel (IQT) was established in 1999 as a private, independent, not-for-profit corporation to help the CIA and broader U.S. Intelligence Community (IC) identify, adapt, and deliver cutting-edge technologies that address national security needs. IQT's strategic investment model gives it the agility often lacking within traditional government contracting approaches to find and nurture entrepreneurs and companies that can provide a supply chain of innovation which enables the IC to benefit from commercial technology advances. IQT's purpose is to take the calculated investment risks necessary to support leading-edge, but often unproven, technologies, and mature them to operational readiness to help the intelligence community achieve its missions. Approach: --------- IQT works as: - A strategic investor, investing in companies to help nascent commercial technologies mature into mission-ready products at a lower cost than alternative approaches; - A technology accelerator, fostering development and introduction of technologies needed by the IC; and - An idea lab and forum for innovation and exploration, providing the IC with insight and access into both new technologies and leading innovators and thinkers. Identifying Innovative Technologies: ---------------------------------------- As a strategic investor, IQT identifies startup companies that have commercially-focused, "ready-soon" innovative technologies, which are off-the-shelf products that do not require long-term development from the ground up. IQTs focus on this space means that it finds and delivers critical, innovative technology more quickly and cost effectively. IQT crafts work programs to adapt a companys technology to specific customer requirements and makes an investment towards that work program. IQT designs its strategic investments to accelerate product development and delivery, and to help companies add capabilities that its IC partners need. IQT also makes seed investments, which are investments in companies that hold promise for contributing to national security capabilities. These investments do not include a work program where the technology is modified. Seed investments provide access and educational insights about that technology area that serve IQTs government partners; these often become investments with a work program once the company has grown to take on this endeavor or a government partner is ready to evaluate and utilize that companys technology. IQT also serves as a technology consultant and advisor that provides market, technology, and venture capital insights to our government partners. Additionally, 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 more than sixteen dollars, helping to deliver crucial new capabilities at lower cost to the government. As of March 31, 2018, IQTs areas of technology focus are: Architecture, Field Technologies, and Enterprise Technologies. Building Strong Companies for Strong Technologies: ------------------------------------------------------ Using product development funding and equity investing, IQT creates incentives for companies to put their best talent into solving the toughest technology problems facing the Intelligence Community. Once an investment is made, IQT works with the company and the customer to adapt the technology according to customer need, and facilitates solution delivery. The advantages to the IC are significant: lower initial and long-term costs, faster development, and ongoing product enhancements to meet IC needs. Serving New Intelligence Community Customers: ---------------------------------------------------- Since its inception, IQT has expanded its IC partnerships to include the CIA, the FBI, the Defense Intelligence Agency (DIA), the Department of Homeland Security Science & Technology Directorate (DHS S&T), the National Geospatial-Intelligence Agency (NGA), the Department of Defense (DOD) and others. Program Service Accomplishments: ------------------------------------- In furtherance of its exempt purposes, IQT has made more than 400 investments as of March 31, 2018, which includes more than 50 in the current tax year. These technologies have contributed directly to situational awareness and mission capabilities of the intelligence and defense agencies. Technology delivered by IQT, for example, makes it possible to fuse data from maps, images, text, and other sources; visualize 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 IC's access to innovative technologies. This network has allowed IQT to leverage more than $11.4 billion in private-sector funds to support technology for the IC. In addition, IQT established IQT Labs, which explore the art of the possible in emerging technology areas bearing on national security, including cybersecurity, biotechnology, commercial space, and advanced data analytics. IQT Labs reflect IQTs nonprofit mission, including fostering collaborative arrangements that make private sector and academic technology accessible to the government, fostering the development of technology that will benefit the public, private and academic sectors in the United States and performing and promoting research in the field of technology. IQT Labs are funded by proceeds from investment realizations on portfolio company exits. IQT Labs include B.Next, CosmiQ Works, Cyber Reboot, and Lab41, which are described below: * B.Next seeks to better understand and communicate the impact of emerging life science technologies; * CosmiQ Works researches geospatial-related technology advances developed by the open source community, venture-backed startups, technology companies, and governmental organizations; * Cyber Reboot challenges how we think about cybersecurity and develops strategies to improve todays cybersecurity approach; and * Lab41 explores how to work with and better use advanced data analytics. Governance and Oversight: ------------------------------- 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 a private, 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. These agreements provide for appropriate insight and oversight of IQT by the Government. 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DEVELOPMENT 1448409 MesoSphere Inc 88 Stevenson St SAN FRANCISCO CA 94105 TECH. DEVELOPMENT 1150000 MEMSQL INC 534 4TH STREET SAN FRANCISCO CA 94107 TECH. DEVELOPMENT 1000000 KENSHO TECHNOLOGIES INC 17 Dunster St Suite 300 CAMBRIDGE MA 02138 TECH. DEVELOPMENT 725000 EPIQ DESIGN SOLUTIONS INC 165 Commerce Dr Suite 204 SCHAUMBURG IL 60173 TECH. DEVELOPMENT 720350 99 92635358 92635358 0 1351417 1351417 0 0 0 0 0 40167873 17456680 22711193 22711193 22711193 0 0 0 0 0 0 0 0 0 0 116697968 24062610 X 300000 300000 0 0 0 7426416 3573987 3852429 0 28147765 23839194 4308571 0 3754504 2914897 839607 1618359 1311611 306748 0 804759 273667 531092 277333 277333 0 0 0 3408695 2989128 419567 299011 204597 94414 1040656 181840 858816 1597723 79785 1517938 0 4024243 3412609 611634 2686835 2110877 575958 0 1473558 1346236 127322 0 0 2799724 2799724 348520 348520 WORK PROGRAM FOR CUSTOMERS 19454832 19329592 125240 SOFTWARE LICENSING 963994 402474 561520 RESEARCH MATERIALS 645581 640856 4725 EQUIPMENT 381637 34434 347203 557090 1475184 -918094 82011235 64420968 17590267 0 0 0 77173699 76423522 0 0 23998557 18458768 0 0 0 0 0 0 0 0 1942949 2156274 21647579 13283290 6993303 8364289 131709137 167878316 6004020 5431373 283748817 310162180 0 0 3909854 1816919 535480336 590691641 51531438 46588986 0 0 78832599 94283091 0 0 0 0 0 0 0 0 0 0 0 0 130364037 140872077 X 405116299 449819564 0 0 0 0 405116299 449819564 535480336 590691641 34686733 10016532 X false true X true false X 84293380 93878682 91423952 127638926 92635358 489870298 0 0 84293380 93878682 91423952 127638926 92635358 489870298 0 489870298 2277943 1998677 1200908 160324 1351417 6989269 0 0 496859567 0.98593 0.98790 X 0 13812530 7072614 6739916 0 7162226 5786367 1375859 0 672823 424309 248514 8364289 PREFERRED STOCK 150238642 F COMMON STOCK 9779411 F WARRANTS - PREFERRED 140483283 F WARRANTS - COMMON 6854851 F CONVERTIBLE NOTE 6170863 F 313527050 0 0 X SCHEDULE D, PART X, LINE 2 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. Accordingly, no income tax provision is recorded in the accompanying financial statements. North America Program Services TECHNOLOGY DEVELOPMENT 2131169 Europe (Including Iceland and Greenland) Program Services TECHNOLOGY DEVELOPMENT 970967 East Asia and the Pacific Program Services TECHNOLOGY DEVELOPMENT 24750 North America Investments 14089974 Europe (Including Iceland and Greenland) Investments 4055893 21272753 21272753 true false true false false false true CIA OFFICERS' MEMORIAL FOUNDATION 2251 CORP PARK DR 3RD FL HERNDON VA 20171 522360463 501(C)(3) 200000 SEE PART IV NATIONAL CRYPTOLOGIC MUSEUM FOUNDATION PO BOX 1682 FORT MEADE MD 20755 521986104 501(C)(3) 100000 SEE PART IV 2 PART I, LINE 2 & PART II, LINE 1, COLUMN (H) THE IQT BOARD OF TRUSTEES APPROVED A GRANT OF UP TO $1M TO THE CIA OFFICERS' MEMORIAL FOUNDATION. THE GRANTEE IS A 501(C)(3) PUBLIC CHARITY AND THE GRANT WAS MADE SOLELY FOR CHARITABLE PURPOSES TO PROVIDE SUPPORT TO THE FAMILIES OF CIA OFFICERS WHO HAVE DIED WHILE ON ACTIVE DUTY. THE GRANT IS TO BE MADE IN $200K ANNUAL INSTALLMENTS UPON IQT'S SATISFACTION THAT THE GRANTEE IS STILL ADEQUATELY PERFORMING ITS CHARITABLE PURPOSE. IN ADDITION, IQT ALSO MADE A DONATION OF $100K TO THE NATIONAL CRYPTOLOGIC MUSEUM FOUNDATION CYBER CENTER FOR EDUCATION AND INNOVATION, A 501(C)(3) PUBLIC CHARITY, SOLELY FOR CHARITABLE PURPOSES TO SUPPORT THE CENTER. X true true X X X X X false true true false false false false false false C DARBY PRESIDENT, CEO & TRUSTEE 741358 0 750000 0 100509 0 532400 0 29464 0 2153731 0 0 0 S BOWSHER EVP & MANAGING GENERAL PARTNER 668508 0 675000 0 1882 0 432400 0 27228 0 1805018 0 0 0 M STROTTMAN EVP & COO 398721 0 266669 0 1612 0 32400 0 28330 0 727732 0 0 0 B ADAMS EVP & GENERAL COUNSEL 352802 0 227500 0 3423 0 32400 0 17644 0 633769 0 0 0 R GLEICHAUF EVP, IC SUPPORT 328566 0 198000 0 3564 0 32400 0 20409 0 582939 0 0 0 T O'TOOLE EVP & SENIOR FELLOW 328827 0 196500 0 6858 0 32400 0 3443 0 568028 0 0 0 E POULOS EVP & CHIEF OF STAFF 323385 0 196500 0 2314 0 32400 0 22297 0 576896 0 0 0 W RADOSEVICH EVP, IC SUPPORT 305047 0 183000 0 1882 0 32400 0 22369 0 544698 0 0 0 L PORTER EVP & DIRECTOR OF IQT LABS 336742 0 245615 0 1242 0 82400 0 9463 0 675462 0 50000 0 T SHEA EVP - TECHNOLOGY PROGRAMS 334300 0 196500 0 2322 0 32400 0 3088 0 568610 0 0 0 G HOYEM MANAGING PARTNER 316854 0 185900 0 3394 0 10800 0 29448 0 546396 0 0 0 P BORBELY SVP, IC SUPPORT 294409 0 162054 0 6858 0 10800 0 12442 0 486563 0 0 0 FORM 990, SCHEDULE J THE COMPENSATION OF THE CEO, COO AND MANAGING GENERAL PARTNER IS NOT PAID FOR WITH GOVERNMENT FUNDING. IN ADDITION, ALL INDIVIDUAL EMPLOYEE COMPENSATION IN EXCESS OF $487,000 IS ALSO NOT PAID FOR WITH GOVERNMENT FUNDING. FORM 990, PART VII & SCHEDULE J, PART II IN ADDITION TO C. DARBY'S RESPONSIBILITIES AS PRESIDENT AND CEO OF IQT, MR. DARBY SERVES AS A TRUSTEE ON THE COMPANY'S BOARD OF TRUSTEES. 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 PRESIDENT AND CEO. FORM 990, SCHEDULE J, PART I, LINE 1A IQT'S CORPORATE TRAVEL POLICY STATES, "WITH THE EXCEPTION OF FOREIGN BUSINESS TRAVEL, AND NOTWITHSTANDING THE CEO AND EXECUTIVE VICE PRESIDENTS, ALL OTHER IQT EMPLOYEES ARE REQUIRED TO TRAVEL IN COACH OR ECONOMY CLASS. EXCEPTIONS MUST BE PRE-APPROVED BY THE CEO OR COO. WHILE ON FOREIGN BUSINESS TRIPS, EMPLOYEES TRAVELING ON NONSTOP FLIGHTS LONGER THAN SIX HOURS ARE ELIGIBLE TO UPGRADE TO BUSINESS CLASS OR FIRST CLASS IF BUSINESS CLASS IS NOT AVAILABLE." 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. FORM 990, SCHEDULE J, LINE 4B FOR CALENDAR YEAR 2017, MR. DARBYS EMPLOYMENT ARRANGEMENT IS AS FOLLOWS: - BASE SALARY OF $750,000 - 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. THE AMOUNT ACCRUED DURING CALENDAR YEAR 2017 WAS $500,000. FOR CALENDAR YEAR 2017, MR. BOWSHERS EMPLOYMENT ARRANGEMENT IS AS FOLLOWS: - BASE SALARY OF $675,000 - 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. THE AMOUNT ACCRUED DURING CALENDAR YEAR 2017 WAS $400,000. FOR CALENDAR YEAR 2017, THE FOLLOWING INDIVIDUALS RECEIVED SUPPLEMENTAL NON-QUALIFIED DEFERRED COMPENSATION AS A RETENTION MECHANISM. THE AMOUNT PAID OUT DURING CALENDAR YEAR 2017 IS: L. PORTER $50,000 FORM 990, SCHEDULE J, PART I, LINE 4C PLEASE REFER TO THE SCHEDULE R, PART VII DISCLOSURE ON IN-Q-TEL EMPLOYEE FUND, LLC. PART VI, 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. PART VI, LINE 12C CONFLICT OF INTEREST POLICY DISCLOSURE AND RECUSAL ARE REQUIRED FOR ALL CONFLICTS OF INTEREST UNDER THE CONFLICTS OF INTEREST POICIES FOR TRUSTEES, OFFICERS AND EMPLOYEES. FOR EVERY TRANSACTION SUBJECT TO BOARD/COMMITTEE APPROVAL, THE MEMBERS OF THE BOARD AND COMMITTEE ARE ASKED TO DICLOSE 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 IQTS 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 COPORATIONS 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, ANNUALLY, EMPLOYEES ARE REQUIRED TO DISCLOSE OUTSIDE ACTIVITIES. PART VI, LINE 15A & 15B COMPENSATON 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"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. PART VI, LINE 19 DOCUMENTS AVAILABLE TO THE PUBLIC IQT DOES NOT MAKE THIS INFORMATION AVAILABLE TO THE PUBLIC. PART IX, LINE 1 THE IQT BOARD OF TRUSTEES HAS APPROVED A $1,000,000 PAYMENT, PAYABLE ANNUALLY OVER FIVE YEARS, TO THE CIA OFFICERS' MEMORIAL FOUNDATION AND HAS PAID $800,000 OF THAT COMMITMENT AS OF 3/31/2018. LAB41 LLC 800 EL CAMINO REAL STE 300 MENLO PARK CA 94025 461185334 CHALLENGE LAB CA 0 0 IN-Q-TELINC IQT EMPL FUND LLC PO BOX 749 ARLINGTON VA 22216 542043626 INVESTMENTS DE NA EXCLUDED 257932 614622 true 0 true 0.24526 false false false false false false false false false false false true false false false false false false true SCHEDULE R, PART V EIP DISCLOSURE STATEMENT IQT MAINTAINS AN INVESTMENT IN A SEPARATE RELATED ENTITY CALLED IN-Q-TEL EMPLOYEE FUND, LLC. THIS ENTITY WAS CREATED AS PART OF AN EMPLOYEE INCENTIVE PROGRAM (EIP) WHICH INVOLVED MAKING SIDE-BY-SIDE EQUITY INVESTMENTS WITH IQT. THE EIP WAS SUSPENDED IN JUNE 2007 AND NO FURTHER INVESTMENTS ARE BEING MADE.