Civic Intelligence

University Development Group Inc

990 • Fiscal year 2022 • EIN 26-3118684

Jul 01, 2021 to Jun 30, 2022 • Filed on Mar 03, 2023

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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

4th percentile

-201%

Higher net margin than 4% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

79th percentile

$3,250

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

4th percentile

-88%

Faster asset growth than 4% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

54th percentile

14%

Faster revenue growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$65,873

Down $463,919 (-88%) from 2021

Net Assets

Down

$65,873

Down $463,919 (-88%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin4th percentile

Revenue

Up

$230,679

Up $27,497 (+14%) from 2021

Expenses

Up

$694,598

Up $645,444 (+1313%) from 2021

Net Income

Down

-$463,919

Down $617,947 (-401%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth4th 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

2022

Assets$65,873
Liabilities$0
Net Assets$65,873
Open 2022 Filing

Operations Trend

Revenue Growth54th 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

2022

Revenue$230,679
Expenses$694,598
Net Income-$463,919
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
Mar 3, 2023
Return Version
2021v4.2
Gross Receipts
$230,679
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$128,997$0▼ $128,997
Rtn Earn Endowment Incm Other Fnds$529,792$65,873▼ $463,919
Cash and Non-Interest-Bearing Accounts$378,292$49,800▼ $328,492
Land, Buildings, and Equipment, Net$22,503$16,073▼ $6,430
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$529,792$65,873▼ $463,919
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$529,792$65,873▼ $463,919
Total Liabilities and Net Assets / Fund Balance$529,792$65,873▼ $463,919

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$16,073$176,804-
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleBaseTotal
Michael DrewPresident$3,250$3,250

Board Members and Trustees

NameTitle
Lowell CroskeyDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$230,358
Investment Income
$321
Other Revenue
$0
Change in Net Assets
$-463,919
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$627,202
Other Expenses$64,146
Salaries, Compensation, and Employee Benefits$3,250
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$627,202--$627,202
Insurance$14,389--$14,389
Depreciation Depletion$6,429--$6,429
Fees for Services Accounting$3,500--$3,500
Current Officers, Directors, Trustees, and Key Employees$3,250--$3,250
Fees for Services Legal$2,400--$2,400
Office Expenses-$802-$802
Other Expenses-$200-$200
Total Functional Expenses$657,170$37,428$0$694,598
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Ksu Research CorpKent, OH-Transfer of Cash Balance Due to Imminent Organization Closure$627,202
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“A copy of form 990 is given to the board for approval before filing.”

Form 990, Part VI, Section B, Line 12C

“Policies are reviewed at annual meeting”

Form 990, Part VI, Section C, Line 19

“AVAILABLE UPON REQUEST.”

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
2023-03-03
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Drew
Formed
2008
Legal Domicile
Oh
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
0

Preparer

Firm
Apple Growth Partners
Address
1540 WEST MARKET ST, AKRON, OH 44313
Preparer
Robert W Fisher CPA
Phone
3308677350
Raw XML Appendix335 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
IRS990/AccountantCompileOrReviewInd00
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0UNIVERSITY 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.
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MICHAEL A DREW
IRS990/BooksInCareOfDetail/PhoneNum03302833822
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 333
IRS990/BooksInCareOfDetail/USAddress/CityNm0KENT
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd044240
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CapStkTrPrinCurrentFundsGrp/BOYAmt00
IRS990/CapStkTrPrinCurrentFundsGrp/EOYAmt00
IRS990/CashNonInterestBearingGrp/BOYAmt0378292
IRS990/CashNonInterestBearingGrp/EOYAmt049800
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt03250
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt03250
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/ContractTerminationInd0X
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt00
IRS990/CYGrantsAndSimilarPaidAmt0627202
IRS990/CYInvestmentIncomeAmt0321
IRS990/CYOtherExpensesAmt064146
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0230358
IRS990/CYRevenuesLessExpensesAmt0-463919
IRS990/CYSalariesCompEmpBnftPaidAmt03250
IRS990/CYTotalExpensesAmt0694598
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0230679
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/DepreciationDepletionGrp/ProgramServicesAmt06429
IRS990/DepreciationDepletionGrp/TotalAmt06429
IRS990/Desc0FIRST ACCOMPLISHMENT MANAGEMENT OF CENTENNIAL RESEARCHPARK AND LEASE AGREEMENTS WITH THE COLLEGE OF BUSINESSADMINISTRATION'S CENTER FOR ENTREPRENEURSHIP & BUSINESSINNOVATION PROGRAM AND THE COLLEGE OF COMMUNICATION.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0657170
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt03500
IRS990/FeesForServicesAccountingGrp/TotalAmt03500
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02400
IRS990/FeesForServicesLegalGrp/TotalAmt02400
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt03.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt11.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/PersonNm0MICHAEL DREW
IRS990/Form990PartVIISectionAGrp/PersonNm1LOWELL CROSKEY
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt03250
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02008
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedInd00
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt02
IRS990/GrantAmt0627202
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0627202
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0627202
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0230679
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt02
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt014389
IRS990/InsuranceGrp/TotalAmt014389
IRS990/InvestmentIncomeGrp/ExclusionAmt0321
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0321
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt03
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0176804
IRS990/LandBldgEquipBasisNetGrp/BOYAmt022503
IRS990/LandBldgEquipBasisNetGrp/EOYAmt016073
IRS990/LandBldgEquipCostOrOtherBssAmt0192877
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0UNIVERSITY 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt0529792
IRS990/NetAssetsOrFundBalancesEOYAmt065873
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt0802
IRS990/OfficeExpensesGrp/TotalAmt0802
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrgDoesNotFollowFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0MAINTENANCE
IRS990/OtherExpensesGrp/Desc1BUSINESS REGISTRATION F
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt036426
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt1200
IRS990/OtherExpensesGrp/TotalAmt036426
IRS990/OtherExpensesGrp/TotalAmt1200
IRS990/OtherOrganizationDsc0NONPROFIT ORGANIZATION
IRS990/PartialLiquidationInd01
IRS990/PdInCapSrplsLandBldgEqpFundGrp/BOYAmt00
IRS990/PdInCapSrplsLandBldgEqpFundGrp/EOYAmt00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL DREW
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0230358
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0230358
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0505
IRS990/PYOtherExpensesAmt046154
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0202677
IRS990/PYRevenuesLessExpensesAmt0154028
IRS990/PYSalariesCompEmpBnftPaidAmt03000
IRS990/PYTotalExpensesAmt049154
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0203182
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-463919
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0230358
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0529792
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt065873
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0128997
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0230358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0202677
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0229635
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0210945
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0247882
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01121497
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0321
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0505
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01102
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0898
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0265
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03091
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99730
IRS990ScheduleA/PublicSupportPY170Pct00.99710
IRS990ScheduleA/PublicSupportTotal170Amt01121497
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0230358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0202677
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0229635
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0210945
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0247882
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01121497
IRS990ScheduleA/TotalSupportAmt01124588
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt016073
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0176804
IRS990ScheduleD/LeaseholdImprovementsGrp/InvestmentCostOrOtherBasisAmt0192877
IRS990ScheduleD/TotalBookValueLandBuildingsAmt016073
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0627202
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TRANSFER OF CASH BALANCE DUE TO IMMINENT ORGANIZATION CLOSURE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0KSU RESEARCH CORP
IRS990ScheduleI/RecipientTable/RecipientEIN0263118684
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0800 EAST SUMMIT STREET ROOM 207
IRS990ScheduleI/RecipientTable/USAddress/CityNm0KENT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0OH
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd044242
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleN/DirectorOfSuccessor2Ind00
IRS990ScheduleN/DispositionOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0CASH FUNDS
IRS990ScheduleN/DispositionOfAssetsDetail/BusinessName/BusinessNameLine1Txt0KSU RESEARCH CORP
IRS990ScheduleN/DispositionOfAssetsDetail/DistributionDt02022-06-24
IRS990ScheduleN/DispositionOfAssetsDetail/EIN0263118684
IRS990ScheduleN/DispositionOfAssetsDetail/FairMarketValueOfAssetAmt0627202
IRS990ScheduleN/DispositionOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/DispositionOfAssetsDetail/MethodOfFMVDeterminationTxt0FMV DETERMINED FROM CASH FUND AMOUNT TRANSFERRED
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/AddressLine1Txt0800 EAST SUMMIT STREET ROOM 2
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/CityNm0KENT
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/StateAbbreviationCd0OH
IRS990ScheduleN/DispositionOfAssetsDetail/USAddress/ZIPCd044240
IRS990ScheduleN/EmployeeOfSuccessor2Ind00
IRS990ScheduleN/OwnerOfSuccessor2Ind00
IRS990ScheduleN/ReceiveCompensation2Ind00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0A COPY OF FORM 990 IS GIVEN TO THE BOARD FOR APPROVAL BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1POLICIES ARE REVIEWED AT ANNUAL MEETING
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0529792
IRS990/TotalAssetsEOYAmt065873
IRS990/TotalAssetsGrp/BOYAmt0529792
IRS990/TotalAssetsGrp/EOYAmt065873
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037428
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0657170
IRS990/TotalFunctionalExpensesGrp/TotalAmt0694598
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0529792
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt065873
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0657170
IRS990/TotalProgramServiceRevenueAmt0230358
IRS990/TotalReportableCompFromOrgAmt03250
IRS990/TotalRevenueGrp/ExclusionAmt0321
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0230358
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0230679
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0529792
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt065873
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0129 ELMWOOD DRIVE
IRS990/USAddress/CityNm0KENT
IRS990/USAddress/StateAbbreviationCd0OH
IRS990/USAddress/ZIPCd044240
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0NA
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd03
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL DREW
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03306785203
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-03-03
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
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/PreparationDt02023-03-03
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT W FISHER CPA
ReturnHeader/ReturnTs02023-03-03T13:55:36-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0MICHAEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0DREW
ReturnHeader/TaxPeriodBeginDt02021-07-01
ReturnHeader/TaxPeriodEndDt02022-06-30
ReturnHeader/TaxYr02021

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$65,873
Liabilities
$0
Net assets
$65,873
Revenue
$230,679
Expenses
$694,598
Net income
-$463,919
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