Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
92nd percentile
Higher net margin than 92% of similar nonprofits.
Top Officer Pay
77th percentile
Higher top officer pay than 77% of similar nonprofits.
Top officer pay equals 1.6% of source-year revenue.
Asset Growth
87th percentile
Faster asset growth than 87% of similar nonprofits.
Revenue Growth
80th percentile
Faster revenue growth than 80% of similar nonprofits.
Balance Sheet
Assets
Up$234,160
Up $90,719 (+63%) from 2015
Net Assets
Up$234,160
Up $90,719 (+63%) from 2015
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$183,775
Up $43,895 (+31%) from 2015
Expenses
Down$93,056
Down $136,940 (-60%) from 2015
Net Income
Up$90,719
Up $180,835 (+201%) from 2015
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2015 to Jun 30, 2016
- Signed
- Nov 3, 2016
- Return Version
- 2015v2.1
- Gross Receipts
- $183,775
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.
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 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.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| MANAGEMENT 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. | - | $87,786 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MICHAEL DREW | President | - | $3,000 | - | $3,000 |
| LOWELL CROSKEY | Director | - | $0 | - | - |
| RICHARD WORTHING | Director | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- University Development Group Inc
- EIN
- 26-3118684
- Phone
- 3302833822
- Address
- P O BOX 333, KENT, OH 44240
Signing Officer
- Name
- Michael Drew
- Title
- President
- Phone
- 3306785203
- Signed
- 2016-11-03
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Schlabig & Associates Ltd
- Address
- 2275 STATE ROUTE 59, KENT, OH 44240-7143
- Preparer
- Thomas R Hager CPA
- Phone
- 3306785203
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 16
“Expenses insurance 7,256 management fees 70,984 business registrations 100 meeting expense 116 non-investment depreciation 6,430 total 84,886”
Form 990-ez, Part II, Line 24
“Leasehold improvements 192,877 192,877 less accumulated depreciation 131,799 138,229 basis in start-up companies 0 0 total 61,078 54,648”
Form 990-ez, Part III
“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 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.”
Form 990-ez, Part III, Line 28
“Management 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.”
Raw XML Appendix135 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | MICHAEL A DREW |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3302833822 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | PO BOX 333 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine2Txt | 0 | PO BOX 333 |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | KENT |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | OH |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 44240 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 82363 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 179512 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 90719 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 8040 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 143441 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 234160 |
| IRS990EZ/GrossReceiptsAmt | 0 | 183775 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 268 |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 143441 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 234160 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 143441 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 234160 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 3.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 1.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 3000 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MICHAEL DREW |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LOWELL CROSKEY |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | RICHARD WORTHING |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | DIRECTOR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | DIRECTOR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 61078 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 54648 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 84886 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | 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 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/PrintingPublicationsPostageAmt | 0 | 130 |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 183507 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | MANAGEMENT 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/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 87786 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | OH |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 93056 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 87786 |
| IRS990EZ/TotalRevenueAmt | 0 | 183775 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 183507 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 139650 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 163313 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 140934 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 176419 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 803823 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 268 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 230 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 96 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 146 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 28 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 768 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 183507 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 0.99900 |
| IRS990ScheduleA/PublicSupportPY170Pct | 0 | 0.99870 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 803823 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 183507 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 139650 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 163313 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt | 0 | 140934 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt | 0 | 176419 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 803823 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 804591 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | EXPENSES INSURANCE 7,256 MANAGEMENT FEES 70,984 BUSINESS REGISTRATIONS 100 MEETING EXPENSE 116 NON-INVESTMENT DEPRECIATION 6,430 TOTAL 84,886 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | LEASEHOLD IMPROVEMENTS 192,877 192,877 LESS ACCUMULATED DEPRECIATION 131,799 138,229 BASIS IN START-UP COMPANIES 0 0 TOTAL 61,078 54,648 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | 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 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/SupplementalInformationDetail/ExplanationTxt | 3 | MANAGEMENT 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/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART III, LINE 28 |
| ReturnHeader/BuildTS | 0 | 2017-02-10 21:41:12Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MICHAEL DREW |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3306785203 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2016-11-03 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | UNIVERSITY DEVELOPMENT GROUP INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | UNIV |
| ReturnHeader/Filer/EIN | 0 | 263118684 |
| ReturnHeader/Filer/PhoneNum | 0 | 3302833822 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | P O BOX 333 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | KENT |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 44240 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 340876435 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | SCHLABIG & ASSOCIATES LTD |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 2275 STATE ROUTE 59 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | KENT |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 442407143 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3306785203 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2016-11-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | THOMAS R HAGER CPA |
| ReturnHeader/ReturnTs | 0 | 2016-11-08T09:10:55-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2015-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2016-06-30 |
| ReturnHeader/TaxYr | 0 | 2015 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2016 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $234,160
- Liabilities
- -
- Net assets
- $234,160
- Revenue
- $183,775
- Expenses
- $93,056
- Net income
- $90,719