Nonprofit · EIN 52-2149962
IN-Q-TEL INC
Tax-exempt · MC LEAN, VA 22102
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $132,130,603 | $134,107,295 | -$1,976,692 | $980,596,953 | $100,178,887 | $880,418,066 |
| March 31, 2024 | 990 | $108,260,393 | $141,614,988 | -$33,354,595 | $997,532,478 | $102,265,208 | $895,267,270 |
| March 31, 2023 | 990 | $184,119,866 | $117,541,783 | $66,578,083 | $1,028,036,177 | $97,189,192 | $930,846,985 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $114,227,920
- of which government grants
- $114,227,920
- Program service revenue
- $2,127,894
- Investment income
- $15,465,649
- Other revenue
- $309,140
Expenses
- Grants and similar amounts paid
- $105,000
- Compensation of officers, directors and key employees
- $10,410,555
- Other salaries and wages
- $44,247,705
- Salaries, compensation and benefits (total)
- $69,193,778
- Professional fundraising fees
- $0
- Legal fees
- $1,429,444
- Accounting fees
- $1,014,809
- Occupancy
- $4,325,985
- Travel
- $3,262,281
- Depreciation
- $4,988,701
- Program services (functional)
- $104,689,504
- Management and general (functional)
- $29,417,791
Balance sheet and other
- Total assets, start of year
- $997,532,478
- Total assets, end of year
- $980,596,953
- Total liabilities, end of year
- $100,178,887
- Net assets, end of year
- $880,418,066
- Land, buildings and equipment
- $26,873,438
- Publicly traded securities
- $362,067,251
- Net assets without donor restrictions
- $880,418,066
- Gross receipts
- $132,130,603
- Employees
- 206
- Volunteers
- 0
- Year formed
- 1999
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| S BOWSHER | PRESIDENT/CEO & TRUSTEE Trustee or director, Officer | 40 | $2,436,535 | $1,520,309 |
| M STROTTMAN | EVP, CHIEF OPERATING OFFICER Officer | 40 | $1,170,398 | $448,485 |
| G HOYEM | EVP, INVESTMENTS Officer | 40 | $1,177,013 | $155,139 |
| B ADAMS | EVP, GENERAL COUNSEL Officer | 40 | $852,809 | $152,975 |
| A BERTONE | MNG PTNR, CALIFORNIA Highest-paid employee | 40 | $804,106 | $181,265 |
| J SOBRAL | CHIEF PEOPLE OFFICER Highest-paid employee | 40 | $764,026 | $191,833 |
| M DICKEN | EVP, CAPABILITIES Officer | 40 | $789,043 | $145,564 |
| J NELSON | EVP, INTERNATIONAL Officer | 40 | $774,358 | $142,737 |
| B JADEJA | SENIOR PARTNER Highest-paid employee | 40 | $742,728 | $122,943 |
| T GILLESPIE | MNG PTNR, WASHINGTON DC Highest-paid employee | 40 | $746,229 | $100,565 |
| E CHIU | SENIOR PARTNER Highest-paid employee | 40 | $700,589 | $118,635 |
| E FOX | EVP, PRODUCT MKT & COMM Officer | 40 | $666,179 | $146,053 |
| S SEWALL | EVP, STRATEGIC ISSUES Officer | 40 | $648,908 | $158,110 |
| Y ZHENG | EVP, CHIEF OF STAFF Officer | 40 | $658,894 | $118,698 |
| M CROW | CHAIRMAN & COMMITTEE CHAIR Trustee or director | 5 | $42,500 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| H COX END 123124 | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $37,500 |
| P BARRIS | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $37,500 |
| J SMITH END 123124 | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $37,500 |
| T SCHLEIN | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $35,000 |
| M MULLEN | TRUSTEE Trustee or director | 5 | $35,000 |
| S O'SULLIVAN | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $35,000 |
| B SASSE | TRUSTEE Trustee or director | 5 | $35,000 |
| G TENET | TRUSTEE Trustee or director | 5 | $17,500 |
| C DARBY END 9824 | TRUSTEE Trustee or director | 5 | $0 |
| S CATZ | TRUSTEE Trustee or director | 5 | $0 |
| S PRESTON EFF 1125 | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $0 |
| A CHANDNA EFF 1125 | TRUSTEE Trustee or director | 5 | $0 |
990 for the year ended March 31, 2024: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| C DARBY | CEO (END 9/8/23) & TRUSTEE Trustee or director, Officer | 40 | $4,957,127 | $75,864 |
| S BOWSHER | CEO (EFF 9/9/23) & TRUSTEE Trustee or director, Officer | 40 | $1,946,116 | $1,202,507 |
| M STROTTMAN | CHIEF OPERATING OFFICER Officer | 40 | $1,061,426 | $491,377 |
| G HOYEM | EVP INVESTMENTS Officer | 40 | $795,489 | $259,604 |
| B ADAMS | EVP, GENERAL COUNSEL Officer | 40 | $795,477 | $146,890 |
| M DICKEN | EVP, TECHNOLOGY PROGRAMS Officer | 40 | $707,713 | $138,432 |
| J NELSON | EVP INTERNATIONAL Officer | 40 | $667,413 | $166,377 |
| T GILLESPIE | MNG PTNR, WASHINGTON DC Highest-paid employee | 40 | $691,672 | $117,013 |
| B JADEJA | SENIOR PARTNER Highest-paid employee | 40 | $699,001 | $97,384 |
| S SEWALL | EVP, NAT INNOV POLICY Officer | 40 | $613,892 | $166,494 |
| E FOX | EVP, PRODUCT MKT & COMM Officer | 40 | $613,860 | $166,386 |
| E CHIU | SENIOR PARTNER Highest-paid employee | 40 | $646,196 | $116,980 |
| C GRAY | SENIOR PARTNER Highest-paid employee | 40 | $637,127 | $116,844 |
| D HANFLING | VICE PRESIDENT, TECHNOLOGY Highest-paid employee | 40 | $597,970 | $44,556 |
| Y ZHENG | CHIEF OF STAFF (EFF 12/13/23) Officer | 40 | $336,434 | $140,097 |
| M CROW | TRUSTEE, CHAIR, COMM CHAIR Trustee or director | 5 | $42,500 | $0 |
| P BARRIS | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $37,500 | $0 |
| A JONES | TRUSTEE & COMM CHAIR (END 12/13/23) Trustee or director | 5 | $37,500 | $0 |
| H COX | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $37,500 | $0 |
| T SCHLEIN | TRUSTEE Trustee or director | 5 | $35,000 | $0 |
| M MULLEN | TRUSTEE Trustee or director | 5 | $35,000 | $0 |
| G TENET | TRUSTEE Trustee or director | 5 | $35,000 | $0 |
| J SMITH | TRUSTEE & COMM CHAIR (EFF 12/13/23) Trustee or director | 5 | $35,000 | $0 |
| S O'SULLIVAN | TRUSTEE Trustee or director | 5 | $26,250 | $0 |
| W HURD | TRUSTEE (END 5/31/23) Trustee or director | 5 | $17,500 | $0 |
| J MISCIK | TRUSTEE (END 3/22/23) Trustee or director | 5 | $8,750 | $0 |
| S CATZ | TRUSTEE Trustee or director | 5 | $0 | $0 |
| B SASSE | TRUSTEE (EFF 3/20/24) Trustee or director | 5 | $0 | $0 |
990 for the year ended March 31, 2023: 28 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| C DARBY | CEO & TRUSTEE Trustee or director, Officer | 40 | $2,202,392 | $1,066,325 |
| S BOWSHER | PRESIDENT Officer | 40 | $1,693,854 | $866,263 |
| M STROTTMAN | CHIEF OPERATING OFFICER Officer | 40 | $1,056,830 | $366,244 |
| M DICKEN | EVP, TECHNOLOGY PROGRAMS Officer | 40 | $834,126 | $40,253 |
| G HOYEM | MANAGING PARTNER, WEST COAST Officer | 40 | $644,435 | $159,993 |
| B ADAMS | EVP, GENERAL COUNSEL Officer | 40 | $721,098 | $47,936 |
| E FOX | EVP, PRODUCT MARKETING & COMM. Officer | 40 | $633,148 | $66,225 |
| S DAVIDSON | EVP, IQT EMERGE (UNTIL 12/31/22) Officer | 40 | $614,331 | $66,373 |
| B JADEJA | SENIOR PARTNER Highest-paid employee | 40 | $640,771 | $24,176 |
| D LOBOSCO | SVP, TECHNOLOGY Highest-paid employee | 40 | $592,498 | $69,997 |
| S SEWALL | EVP, STRATEGIC ISSUES Officer | 40 | $587,137 | $66,452 |
| T GILLESPIE | MANAGING PARTNER, WASHINGTON DC Highest-paid employee | 40 | $600,161 | $41,880 |
| G GAFFNEY | EVP, SENIOR FELLOW Highest-paid employee | 40 | $612,308 | $16,006 |
| E CHIU | SENIOR PARTNER Highest-paid employee | 40 | $561,515 | $41,863 |
| J NELSON | EVP, INT'L & CHIEF OF STAFF Officer | 40 | $464,396 | $66,218 |
| P TAGUE UNTIL 040122 | FORMER EVP, IQT INTL & IQT LABS Former | 0 | $409,791 | $18,241 |
| M CROW | TRUSTEE, CHAIRMAN, COMMITTEE CHAIR Trustee or director | 5 | $42,500 | $0 |
| P BARRIS | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $37,500 | $0 |
| A JONES | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $37,500 | $0 |
| H COX | TRUSTEE & COMMITTEE CHAIR Trustee or director | 5 | $37,500 | $0 |
| T SCHLEIN | TRUSTEE Trustee or director | 5 | $35,000 | $0 |
| M MULLEN | TRUSTEE Trustee or director | 5 | $35,000 | $0 |
| G TENET | TRUSTEE Trustee or director | 5 | $35,000 | $0 |
| J SMITH | TRUSTEE Trustee or director | 5 | $35,000 | $0 |
| S O'SULLIVAN | TRUSTEE Trustee or director | 5 | $35,000 | $0 |
| W HURD | TRUSTEE Trustee or director | 5 | $35,000 | $0 |
| J MISCIK | TRUSTEE Trustee or director | 5 | $35,000 | $0 |
| S CATZ | TRUSTEE Trustee or director | 5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1800 TYSONS BLVD STE 1200, MC LEAN, VA 22102-4261
- In care of
- % MATTHEW STROTTMAN
- Principal officer (990 for 2024)
- MATTHEW STROTTMAN, 1800 TYSONS BLVD 1200, TYSONS, VA 22102
- Signed the 990
- MATTHEW STROTTMAN, EVP, CHIEF OPERATING OFFICER
- Phone
- (703) 248-3000
- Website
- WWW.IQT.ORG
- Return prepared by
- KPMG LLP
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 FROM IQT'S WORK.
Program accomplishments
- SEE SCHEDULE OExpenses $104,689,504 · grants $105,000 · revenue $2,437,034
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 52-2149962
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2001
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q43)
- Assets (IRS master file)
- $980,596,953
- Income (IRS master file)
- $132,130,603
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $132,130,603 | $134,107,295 | $980,596,953 | XML |
| 990 | March 2024 | $108,260,393 | $141,614,988 | $997,532,478 | XML |
| 990 | March 2023 | $184,119,866 | $117,541,783 | $1,028,036,177 | XML |
| 990 | March 2022 | $166,203,888 | $116,414,366 | $1,033,475,545 | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
| 990 | March 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-2149962).
Questions about IN-Q-TEL INC
- What is the EIN of IN-Q-TEL INC?
- The employer identification number (EIN) of IN-Q-TEL INC is 52-2149962.
- Is IN-Q-TEL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
- Are donations to IN-Q-TEL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does IN-Q-TEL INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of IN-Q-TEL INC due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did IN-Q-TEL INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of IN-Q-TEL INC?
- The 990 for the year ended March 31, 2025 names MATTHEW STROTTMAN.
- Who are the officers and directors of IN-Q-TEL INC?
- The 990 for the year ended March 31, 2025 lists 27 people; 23 received compensation from the organization, the highest $2,436,535 (S BOWSHER, PRESIDENT/CEO & TRUSTEE).
- How much revenue does IN-Q-TEL INC have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $132,130,603, expenses of $134,107,295 and total assets of $980,596,953 at year end.
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