2017-11-08T09:44:39-06:00 2017-06-30 341082617 APPLE GROWTH PARTNERS 1540 WEST MARKET ST AKRON OH 44313 990EZ 2016-07-01 263118684 University Development Group Inc UNIV 3306785203 P O Box 333 Kent OH 44240 MICHAEL DREW PRESIDENT 3306785203 2017-11-08 1 THOMAS R HAGER CPA P00358675 3308677350 2017-11-08 208.101.254.242 2017-11-08 09:41:22 ES P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 08ED5B686DE506D2A2EA441460548006C50BA5AA 2016 2018-03-14 21:41:22Z X X NA X X 139087 X 138823 264 139087 3000 4900 6429 492 153284 168105 -29018 234160 0 205142 X 179512 156923 54648 48219 234160 205142 0 0 234160 205142 X 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. 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 162614 162614 MICHAEL DREW PRESIDENT 3.00 3000 0 0 LOWELL CROSKEY DIRECTOR 1.00 0 0 0 RICHARD WORTHING DIRECTOR 1.00 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 OH Michael A Drew PO Box 333 PO Box 333 Kent OH 44240 3302833822 0 0 0 0 0 0 0 0 0 0 0 NONE NONE 1 X 140934 163313 139650 183507 138823 766227 140934 163313 139650 183507 138823 766227 766227 146 96 230 268 264 1004 767231 0.99870 0.99900 X 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.