Civic Intelligence

University Development Group Inc

990EZ • Fiscal year 2013 • EIN 26-3118684

Jul 01, 2012 to Jun 30, 2013 • Filed on Oct 29, 2013

Organization ProfileNA
P O Box 33344240
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2013

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2013

Net Margin

58th percentile

6.3%

Higher net margin than 58% of similar nonprofits.

2013 filings • 501(c)3 • <$500k nonprofits • Source year 2013

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2013

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

$224,356

No earlier filing loaded for comparison.

Net Assets

$224,356

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin58th percentile

Revenue

$141,080

No earlier filing loaded for comparison.

Expenses

$132,245

No earlier filing loaded for comparison.

Net Income

$8,835

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$600K$400K$200K$0Assets 2013: $224,356Net Assets 2013: $224,3562013Assets 2014: $233,557Net Assets 2014: $233,5572014Assets 2015: $143,441Net Assets 2015: $143,4412015Assets 2016: $234,160Net Assets 2016: $234,1602016Assets 2017: $205,142Liabilities 2017: $0Net Assets 2017: $205,1422017Assets 2018: $203,374Liabilities 2018: $0Net Assets 2018: $203,3742018Assets 2019: $375,177Liabilities 2019: $0Net Assets 2019: $375,1772019Assets 2020: $375,764Liabilities 2020: $0Net Assets 2020: $375,7642020Assets 2021: $529,792Liabilities 2021: $0Net Assets 2021: $529,7922021Assets 2022: $65,873Liabilities 2022: $0Net Assets 2022: $65,8732022

Highlighted filing

2013

Assets$224,356
Liabilities-
Net Assets$224,356
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2013: $141,080Expenses 2013: $132,245Net Income 2013: $8,8352013Revenue 2014: $163,409Expenses 2014: $154,208Net Income 2014: $9,2012014Revenue 2015: $139,880Expenses 2015: $229,996Net Income 2015: -$90,1162015Revenue 2016: $183,775Expenses 2016: $93,056Net Income 2016: $90,7192016Revenue 2017: $139,087Expenses 2017: $168,105Net Income 2017: -$29,0182017Revenue 2018: $248,147Expenses 2018: $249,915Net Income 2018: -$1,7682018Revenue 2019: $211,843Expenses 2019: $40,040Net Income 2019: $171,8032019Revenue 2020: $230,737Expenses 2020: $230,150Net Income 2020: $5872020Revenue 2021: $203,182Expenses 2021: $49,154Net Income 2021: $154,0282021Revenue 2022: $230,679Expenses 2022: $694,598Net Income 2022: -$463,9192022

Highlighted filing

2013

Revenue$141,080
Expenses$132,245
Net Income$8,835
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2012 to Jun 30, 2013
Signed
Oct 29, 2013
Return Version
2012v2.3
Mission and Program Overview

Mission

University development group, inc was formed to manage property owned by kent state university and hold equity interests or licenses in start up entities. The companyis a conduit that helps in formation of new businesses, creation ofjobs and revitalization and growth in northeast ohio. They also promoteacademic achievement and enhance education by providing opportunities for students in the business and entrepreneurial areas.

Filing and Contact Details

Filer

EIN
26-3118684
Raw XML Appendix140 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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CompensationExplanation/Compensation/PersonName1LOWELL CROSKEY
CompensationExplanation/Compensation/PersonName2RICHARD WORTHING
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IRS990EZ/DoesOrgHaveHospital0false
IRS990EZ/EngagedInExcessBenefitTrans0false
IRS990EZ/EngageInLobbyingActivities0false
IRS990EZ/EngagePoliticalCmpgnActivities0false
IRS990EZ/ExcessOrDeficitForYear08835
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IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName1LOWELL CROSKEY
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/PersonName2RICHARD WORTHING
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeKeyEmpl/Title2DIRECTOR
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IRS990EZ/OtherAssetsTotal/EOY073936
IRS990EZ/OtherExpensesTotal0121096
IRS990EZ/PartVIAHghstPaidCntrctProfSer0NONE
IRS990EZ/PartVIOfCompOfHighestPaidEmpl0NONE
IRS990EZ/PrimaryExemptPurpose0UNIVERSITY DEVELOPMENT GROUP, INC WAS FORMED TO MANAGE PROPERTY OWNED BY KENT STATE UNIVERSITY AND HOLD EQUITY INTERESTS OR LICENSES IN START UP ENTITIES. THE COMPANY IS A CONDUIT THAT HELPS IN FORMATION OF NEW BUSINESSES, CREATION OF JOBS AND REVITALIZATION AND GROWTH IN NORTHEAST OHIO. THEY ALSO PROMOTE ACADEMIC ACHIEVEMENT AND ENHANCE EDUCATION BY PROVIDING OPPPORTUNITIES FOR STUDENTS IN THE BUSINESS AND ENTREPRENEURIAL AREAS.
IRS990EZ/PrintingPublicationsPostage0129
IRS990EZ/ProgramServiceAccomplishment/DescriptionProgramServiceAccom0MANAGEMENT OF CENTENNIAL RESEARCH PARK AND LEASE AGREEMENTS WITH THE COLLEGE OF BUSINESS ADMINISTRATION'S CENTER FOR ENTREPRENEURSHIP & BUSINESS INNOVATION PROGRAM AND THE COLLEGE OF COMMUNICATION.
IRS990EZ/ProgramServiceAccomplishment/ProgramServiceExpenses0123655
IRS990EZ/ProgramServiceRevenue0140934
IRS990EZ/ProhibitedTaxShelterTrans0false
IRS990EZ/RelatedOrgControlledEntity0false
IRS990EZ/ScheduleBNotRequired0X
IRS990EZ/StatesWhereCopyOfReturnIsFiled0OH
IRS990EZ/SubjectToProxyTax0false
IRS990EZ/TanningServicesProvided0false
IRS990EZ/TheBooksAreInCareOf/AddressUS/AddressLine10PO BOX 333
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IRS990EZ/TheBooksAreInCareOf/AddressUS/City0KENT
IRS990EZ/TheBooksAreInCareOf/AddressUS/State0OH
IRS990EZ/TheBooksAreInCareOf/AddressUS/ZIPCode044240
IRS990EZ/TheBooksAreInCareOf/NamePerson0MICHAEL A DREW
IRS990EZ/TheBooksAreInCareOf/TelephoneNumber03302833822
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IRS990EZ/TotalExpenses0132245
IRS990EZ/TotalProgramServiceExpenses0123655
IRS990EZ/TotalRevenue0141080
IRS990EZ/TransactionWithControlEntity0false
IRS990EZ/TrnsfrsExemptNonCharRelatedOrg0false
IRS990EZ/WebSite0N/A
IRS990ScheduleA/First5Years1700X
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYear0140934
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus1Year0176419
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus2Years0124290
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus3Years0243377
IRS990ScheduleA/GiftsGrantsContribReceived170/CurrentTaxYearMinus4Years025000
IRS990ScheduleA/GiftsGrantsContribReceived170/Total0710020
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYear0146
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus1Year028
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus2Years066
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus3Years0200
IRS990ScheduleA/GrossInvestmentIncome170/CurrentTaxYearMinus4Years0145
IRS990ScheduleA/GrossInvestmentIncome170/Total0585
IRS990ScheduleA/GrossReceiptsFromAdmissionsEtc0140934
IRS990ScheduleA/OtherIncome170/CurrentTaxYearMinus2Years0387
IRS990ScheduleA/OtherIncome170/Total0387
IRS990ScheduleA/PubliclySupportedOrg170b1Avi0X
IRS990ScheduleA/PublicSupportTotal1700710020
IRS990ScheduleA/Total170/CurrentTaxYear0140934
IRS990ScheduleA/Total170/CurrentTaxYearMinus1Year0176419
IRS990ScheduleA/Total170/CurrentTaxYearMinus2Years0124290
IRS990ScheduleA/Total170/CurrentTaxYearMinus3Years0243377
IRS990ScheduleA/Total170/CurrentTaxYearMinus4Years025000
IRS990ScheduleA/Total170/Total0710020
IRS990ScheduleA/TotalSupport0710992
IRS990ScheduleO/GeneralExplanation/Explanation0EXPENSES OFFICE SUPPLIES 241 INSURANCE 5,978 MANAGEMENT FEES 107,548 BUSINESS REGISTRATIONS 200 FACILITIES EXPENSE 177 REPAIRS 523 NON-INVESTMENT DEPRECIATION 6,429 TOTAL 121,096
IRS990ScheduleO/GeneralExplanation/Explanation1LEASEHOLD IMPROVEMENTS 192,877 192,877 LESS ACCUMULATED DEPRECIATION 112,512 118,941 BASIS IN START-UP COMPANIES 0 0 TOTAL 80,365 73,936
IRS990ScheduleO/GeneralExplanation/Explanation2UNIVERSITY DEVELOPMENT GROUP, INC WAS FORMED TO MANAGE PROPERTY OWNED BY KENT STATE UNIVERSITY AND HOLD EQUITY INTERESTS OR LICENSES IN START UP ENTITIES. THE COMPANY IS A CONDUIT THAT HELPS IN FORMATION OF NEW BUSINESSES, CREATION OF JOBS AND REVITALIZATION AND GROWTH IN NORTHEAST OHIO. THEY ALSO PROMOTE ACADEMIC ACHIEVEMENT AND ENHANCE EDUCATION BY PROVIDING OPPPORTUNITIES FOR STUDENTS IN THE BUSINESS AND ENTREPRENEURIAL AREAS.
IRS990ScheduleO/GeneralExplanation/Explanation3MANAGEMENT OF CENTENNIAL RESEARCH PARK AND LEASE AGREEMENTS WITH THE COLLEGE OF BUSINESS ADMINISTRATION'S CENTER FOR ENTREPRENEURSHIP & BUSINESS INNOVATION PROGRAM AND THE COLLEGE OF COMMUNICATION.
IRS990ScheduleO/GeneralExplanation/Identifier0OTHER EXPENSES
IRS990ScheduleO/GeneralExplanation/Identifier1OTHER ASSETS
IRS990ScheduleO/GeneralExplanation/Identifier2PRIMARY EXEMPT PURPOSE
IRS990ScheduleO/GeneralExplanation/Identifier3FIRST ACCOMPLISHMENT
IRS990ScheduleO/GeneralExplanation/ReturnReference0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/GeneralExplanation/ReturnReference1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/GeneralExplanation/ReturnReference2FORM 990-EZ, PART III
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ReturnHeader/Filer/EIN0263118684
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ReturnHeader/Officer/Name0MICHAEL DREW
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ReturnHeader/Officer/Title0PRESIDENT
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ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode0442407143
ReturnHeader/Preparer/Name0THOMAS R HAGER CPA
ReturnHeader/Preparer/Phone03306785203
ReturnHeader/ReturnType0990EZ
ReturnHeader/TaxPeriodBeginDate02012-07-01
ReturnHeader/TaxPeriodEndDate02013-06-30
ReturnHeader/TaxYear02012
ReturnHeader/Timestamp02013-10-31T13:07:46-05:00

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2013 • Form 990EZFacts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$224,356
Liabilities
-
Net assets
$224,356
Revenue
$141,080
Expenses
$132,245
Net income
$8,835
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2022Detailed filing. Detailed filing data is available for this year.$0.66$0.00$0.66$2.31$6.95$4.64
2021Detailed filing. Detailed filing data is available for this year.$5.30$0.00$5.30$2.03$0.49$1.54
2020Detailed filing. Detailed filing data is available for this year.$3.76$0.00$3.76$2.31$2.30$0.01
2019Detailed filing. Detailed filing data is available for this year.$3.75$0.00$3.75$2.12$0.40$1.72
2018Detailed filing. Detailed filing data is available for this year.$2.03$0.00$2.03$2.48$2.50$0.02
2017Detailed filing. Detailed filing data is available for this year.$2.05$0.00$2.05$1.39$1.68$0.29
2016Detailed filing. Detailed filing data is available for this year.$2.34$2.34$1.84$0.93$0.91
2015Detailed filing. Detailed filing data is available for this year.$1.43$1.43$1.40$2.30$0.90
2014Detailed filing. Detailed filing data is available for this year.$2.34$2.34$1.63$1.54$0.09
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.24$2.24$1.41$1.32$0.09