EIN 52-2149962


IRS 501(c) type
Num. employees
Year formed
Most recent tax filings
Iqt accelerates the development and delivery of cutting-edge technologies to u.s. government agencies that keep our nation safe.

Program areas at In-Q-Tel

In-Q-Tel (IQT) was established in 1999 as an independent, not-for-profit corporation to help the CIA and broader US Intelligence Community (IC) identify, adapt, and deliver cutting-edge technologies that address national security needs. IQT delivers sophisticated insights, investments, and brings unparalleled access to deep technological expertise. 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 building from the ground up and other alternative approaches. IQT's strategic investment model gives it the agility - often lacking within traditional government contracting mechanisms - to find and nurture entrepreneurs and startup companies that can provide a supply chain of innovation which enables the U.S. Intelligence and National Security community and its allies to benefit from commercial technology advances. - A technology accelerator, fostering development and introduction of technologies needed by the USG; 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 United States government (USG) achieve its missions. - An idea lab and forum providing the USG with insight and access in new technologies and leading innovators and thinkers through cutting-edge technology and applied research. Identifying Innovative Technologies: As a strategic investor, IQT scours the globe for startup technologies that have commercially focused, "ready-soon" innovative products. These off-the-shelf products do not require long-term development from the ground up. The company's focus on this space means that IQT finds and delivers critical, innovative technology more quickly and cost effectively. The hallmark of IQT's strategic and agile model is the development effort - aka work program - where the company collaborates with the startup to tailor a company's technology to specific government requirements and invests funds towards that work program. IQT designs its strategic investments to accelerate product development and delivery and to help companies add capabilities that its government 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 in service to the USG and its allies. IQT's seed investments often develop into a strategic investment 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 company's technology. IQT also serves as a technology consultant and advisor that provides market, technology, and venture capital insights to the USG and its allies. 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 $18 which helps ensure the company has financial backing to maintain support to the government. As of March 31, 2020, IQT technology focus areas are: autonomous systems, cybersecurity, infrastructure, data analytics, artificial intelligence, power and energy, applied biology, and communications. 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 USG and its allies. Through its strategic investments (those with a work program), IQT works with the company and the customer to adapt the technology according to customer need, works hand-in-hand with the company and government partner to test the tailored technology, and facilitates solution delivery. The advantages of this hands-on, collaborative approach to the USG are significant: lower initial and long-term costs, rapid development, testing and evaluation to determine effectiveness, and ongoing product enhancements to meet customer needs. Serving New Customers: 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), DHS (Department of Homeland Security), DIA (Defense Intelligence Organization), Air Force, and other DOD components. IQT also supports a tri-lateral partnership between the U.S., U.K. and Australia intelligence and national security community that was established in late 2018. Program Service Accomplishments: In furtherance of its exempt purposes, IQT has made more than 500 investments as of March 31, 2020, which includes more than 50 in the current tax year. These technologies have contributed directly to situational awareness and mission capabilities of the USG and its allies. 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 USG access to innovative technologies. This network has allowed IQT to leverage more than $30 billion in private-sector funds to support technology for the national security community. IQT furthered its work in support of the trilateral partnership between the U.S., U.K., and Australian intelligence and national security that was announced in late 2018. These efforts are conducted by IQTI LLC, a wholly owned US subsidiary of IQT, and IQT International UK Ltd and IQT International Australia Ltd as wholly owned subsidiaries of IQTI LLC in the United Kingdom and Australia, respectively. These offices have enabled the company 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 US and its allies. During the year ended March 31, 2020, these offices conducted outreach to the venture capital and startup communities and provided insights as to the world-class science and technology, and venture capital, ecosystems available in each region to continue IQT's national security mission for the USG and its allies. IQT Labs continued it exploratory, over-the-horizon applied research endeavors in emerging technology areas of interest to national security. IQT Labs reflect IQT's nonprofit mission, by developing collaborative arrangements that make private sector and academic technology accessible to the USG, fostering the development of technology that will benefit the public, private and academic sectors in the US and performing and promoting research in the field of technology. IQT Labs are funded by proceeds from investment realizations on portfolio company exits. As of March 31, 2020, IQT Labs focused on select technology domains critical to national security: AI and Machine Learning, Geospatial Analytics, Cyber, Bioinformatics, and Visualization. SpaceNet LLC, the wholly owned subsidiary of IQT Labs LLC continued its exploration of geospatial applications to accelerate geospatial machine learning. SpaceNet is dedicated to accelerating open source, artificial intelligence applied research for geospatial applications, specifically foundational mapping, by developing and providing publicly available commercial satellite imagery and labeled training data, as well as open sourcing computer vision algorithms and tools. 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 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. These agreements provide for appropriate insight and oversight of IQT by the government. The CIA and IQT keep Congress informed of IQT's activities.

Form 990s for In-Q-Tel

Fiscal year endingDate received by IRSFormPDF link
2019-032020-08-10990View PDF
2018-032019-05-14990View PDF
2017-032018-03-14990View PDF
2016-032017-03-20990View PDF
2015-032016-03-17990View PDF
...and 5 more Form 990s

Grants made by In-Q-Tel

GranteeGrant descriptionAmount
Cia Officers Memorial FoundationSee Part Iv$200,000

Financials for In-Q-Tel

RevenuesFYE 03/2020
Total grants, contributions, etc.$103,227,337
Program services$0
Investment income and dividends$8,126,228
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$21,972,235
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$91,723
Total revenues$133,417,523

Personnel at In-Q-Tel

C DarbyPresident , Chief Executive Officer and Trustee$1,654,057
Christopher DarbyPresident and Chief Executive Officer
Matt StrottmanEvp, Chief Operating Officer
 Subscribe to viewExecutive Vice President and Chief Operating Officer
 Subscribe to viewChief of Staff
...and 20 more key personnel

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Nonprofit Types
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General information
2107 WILSON BLVD Suite 1100
Arlington, VA 22201
Metro area
Washington-Arlington-Alexandria, DC-VA-MD-WV
Website URL
(703) 248-3000
IRS details
Fiscal year end
Taxreturn type
Form 990
Year formed
Eligible to receive tax-deductible contributions (Pub 78)
NTEE code, primary
U40: Engineering and Technology Research, Services
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status