Civic Intelligence

University Development Group Inc

990EZ • Fiscal year 2017 • EIN 26-3118684

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 08, 2017

Organization ProfileNA
P O Box 333Kent, OH 44240

(330) 678-5203

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

15th percentile

-21%

Higher net margin than 15% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

77th percentile

$3,000

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 2.2% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

26th percentile

-12%

Faster asset growth than 26% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

20th percentile

-24%

Faster revenue growth than 20% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$205,142

Down $29,018 (-12%) from 2016

Net Assets

Down

$205,142

Down $29,018 (-12%) from 2016

Liabilities

$0

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin15th percentile

Revenue

Down

$139,087

Down $44,688 (-24%) from 2016

Expenses

Up

$168,105

Up $75,049 (+81%) from 2016

Net Income

Down

-$29,018

Down $119,737 (-132%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth26th percentile

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

2017

Assets$205,142
Liabilities$0
Net Assets$205,142
Open 2017 Filing

Operations Trend

Revenue Growth20th percentile

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

2017

Revenue$139,087
Expenses$168,105
Net Income-$29,018
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 8, 2017
Return Version
2016v3.0
Gross Receipts
$139,087
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 opportunities for students in the business and entrepreneurial areas.

Program Services

DescriptionGrantsExpenses
FIRST ACCOMPLISHMENT 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.$0$162,614
Compensation and Service Providers
Top Officer Pay77th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
MICHAEL DREWPresident-$3,000-$3,000
LOWELL CROSKEYDirector-$0--
RICHARD WORTHINGDirector-$0--
Filing and Contact Details

Filer

Filer Name
University Development Group Inc
EIN
26-3118684
Phone
3306785203
Address
P O Box 333, Kent, OH 44240

Signing Officer

Name
Michael Drew
Title
President
Phone
3306785203
Signed
2017-11-08
Discuss with paid preparer
Yes

Preparer

Firm
Apple Growth Partners
Address
1540 WEST MARKET ST, AKRON, OH 44313
Preparer
Thomas R Hager CPA
Phone
3308677350
Supplemental Narrative

Additional Explanations

Form 990-EZ, Part I, Line 4 - Other Investment Income

“Description: INTEREST INCOME. Amount: 264.”

Form 990-EZ, Part I, Line 14

“Description: Depreciation. Amount: 6,429.”

Form 990-EZ, Part I, Line 16 - Other Expenses

“Description: INSURANCE. Amount: 7,213. Description: MANAGEMENT FEES. Amount: 145,862. Description: BUSINESS REGISTRATIONS. Amount: 100. Description: MEETING EXPENSE. Amount: 109. Total to Form 990-EZ, line 16: 153,284.”

Form 990-EZ, Part II, Line 24 - Other Assets

“Description: Other Depreciable Assets. Beg. of Year Amount: 54,648. End of Year Amount: 48,219.”

Raw XML Appendix157 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/ActivitiesNotPreviouslyRptInd00
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0Michael A Drew
IRS990EZ/BooksInCareOfDetail/PhoneNum03302833822
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO Box 333 PO Box 333
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Kent
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd044240
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0179512
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IRS990EZ/OccupancyRentUtltsAndMaintAmt06429
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt03.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0MICHAEL DREW
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1LOWELL CROSKEY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2RICHARD WORTHING
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OperateHospitalInd00
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd00
IRS990EZ/OrganizationHadUBIInd00
IRS990EZ/OtherAssetsTotalDetail/BOYAmt054648
IRS990EZ/OtherAssetsTotalDetail/EOYAmt048219
IRS990EZ/OtherChangesInNetAssetsAmt00
IRS990EZ/OtherExpensesTotalAmt0153284
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd00
IRS990EZ/PrimaryExemptPurposeTxt0UNIVERSITY 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 OPPORTUNITIES FOR STUDENTS IN THE BUSINESS AND ENTREPRENEURIAL AREAS.
IRS990EZ/PrintingPublicationsPostageAmt0492
IRS990EZ/ProgramServiceRevenueAmt0138823
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0FIRST ACCOMPLISHMENT 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/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt0162614
IRS990EZ/ProhibitedTaxShelterTransInd00
IRS990EZ/RelatedOrganizationCtrlEntInd00
IRS990EZ/SalariesOtherCompEmplBnftAmt03000
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0OH
IRS990EZ/SubjectToProxyTaxInd00
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IRS990EZ/TanningServicesProvidedInd00
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt0168105
IRS990EZ/TotalProgramServiceExpensesAmt0162614
IRS990EZ/TotalRevenueAmt0139087
IRS990EZ/TransactionWithControlEntInd00
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0NA
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0138823
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0183507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0139650
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0163313
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0140934
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0766227
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0264
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0268
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0230
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt096
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0146
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01004
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99870
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IRS990ScheduleA/PublicSupportTotal170Amt0766227
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0138823
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0183507
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0139650
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0163313
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0140934
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0766227
IRS990ScheduleA/TotalSupportAmt0767231
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description: INTEREST INCOME. Amount: 264.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Description: Depreciation. Amount: 6,429.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Description: INSURANCE. Amount: 7,213. Description: MANAGEMENT FEES. Amount: 145,862. Description: BUSINESS REGISTRATIONS. Amount: 100. Description: MEETING EXPENSE. Amount: 109. Total to Form 990-EZ, line 16: 153,284.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Description: Other Depreciable Assets. Beg. of Year Amount: 54,648. End of Year Amount: 48,219.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990-EZ, Part I, Line 4 - Other Investment Income
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990-EZ, Part I, Line 14
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990-EZ, Part I, Line 16 - Other Expenses
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990-EZ, Part II, Line 24 - Other Assets
ReturnHeader/BuildTS02018-03-14 21:41:22Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL DREW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03306785203
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0University Development Group Inc
ReturnHeader/Filer/BusinessNameControlTxt0UNIV
ReturnHeader/Filer/EIN0263118684
ReturnHeader/Filer/PhoneNum03306785203
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O Box 333
ReturnHeader/Filer/USAddress/CityNm0Kent
ReturnHeader/Filer/USAddress/StateAbbreviationCd0OH
ReturnHeader/Filer/USAddress/ZIPCd044240
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId008ED5B686DE506D2A2EA441460548006C50BA5AA
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0208.101.254.242
ReturnHeader/FilingSecurityInformation/IPDt02017-11-08
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ES
ReturnHeader/FilingSecurityInformation/IPTm009:41:22
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0341082617
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0APPLE GROWTH PARTNERS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01540 WEST MARKET ST
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0AKRON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd044313
ReturnHeader/PreparerPersonGrp/PhoneNum03308677350
ReturnHeader/PreparerPersonGrp/PreparationDt02017-11-08
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0THOMAS R HAGER CPA
ReturnHeader/ReturnTs02017-11-08T09:44:39-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-07-01
ReturnHeader/TaxPeriodEndDt02017-06-30
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2017 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$205,142
Liabilities
$0
Net assets
$205,142
Revenue
$139,087
Expenses
$168,105
Net income
-$29,018
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