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EIN 26-3118684

University Development Group

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Kent
State
Ohio
Year formed
2008
Most recent tax filings
2022-09-01
NTEE code, primary
S50: Nonprofit Management
Notice
This nonprofit is terminated or no longer active
University Development Group may be no longer active or terminated. Either the organization hasn't filed a Form 990 in many years and appears to no longer be active, or they marked in their most recent Form 990 that they have closed down.
Description
University Development Group manages property owned by Kent State University and holds equity interests or licenses in startup entities to help form new businesses, create jobs and revitalize communities. The company's first accomplishments include managing Centennial Research Park and securing lease agreements with the College of Business Administration's Center for Entrepreneurship & Business Innovation program and the College of Communication. The company is located in Kent, OH.
Total revenues
$230,679
2022
Total expenses
$694,598
2022
Total assets
$65,873
2022
Num. employees
0
2022

Program areas at University Development Group

First accomplishment management of centennial researchpark and lease agreements with the college of businessadministration's center for entrepreneurship & businessinnovation program and the college of communication.

Grants made by University Development Group

GranteeGrant descriptionAmount
Kent State University Research CorporationTransfer of Cash Balance Due To Organization Closure$49,800
Kent State University Research CorporationTransfer of Equity Ownership Due To Organization Closure$0
Kent State University Research CorporationTransfer of Equity Ownership Due To Organization Closure$0
...and 3 more grants made

Personnel at University Development Group

NameTitleCompensation
Michael DrewPresident$3,250

Financials for University Development Group

RevenuesFYE 06/2022
Total grants, contributions, etc.$0
Program services$230,358
Investment income and dividends$321
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$230,679

Form 990s for University Development Group

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-10990View PDF
2022-062023-03-03990View PDF
2021-062021-10-01990View PDF
2020-062020-12-18990View PDF
2019-062020-11-26990View PDF
...and 9 more Form 990s
Data update history
June 27, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 17, 2023
Posted financials
Added Form 990 for fiscal year 2022
June 12, 2023
Received grants
Identified 1 new grant, including a grant for $627,202 from University Development Group
August 23, 2021
Posted financials
Added Form 990 for fiscal year 2020
August 21, 2021
Posted financials
Added Form 990 for fiscal year 2019
Nonprofit Types
Business and community development organizationsReal estate organizations
Issues
Community improvement
Characteristics
Partially liquidatedState / local levelNo full-time employeesTerminated
General information
Address
PO Box 333
Kent, OH 44240
Metro area
Akron, OH
County
Portage County, OH
Phone
(330) 678-5203
IRS details
EIN
26-3118684
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2008
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S50: Nonprofit Management
NAICS code, primary
5313: Real Estate Services
Parent/child status
Independent
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