2016-11-08T09:10:55-06:00 2016-06-30 340876435 SCHLABIG & ASSOCIATES LTD 2275 STATE ROUTE 59 KENT OH 442407143 990EZ 2015-07-01 263118684 UNIVERSITY DEVELOPMENT GROUP INC UNIV 3302833822 P O BOX 333 KENT OH 44240 MICHAEL DREW PRESIDENT 3306785203 2016-11-03 true THOMAS R HAGER CPA P00358675 3306785203 2016-11-08 2015 2017-02-10 21:41:12Z X X N/A X X 183775 X 183507 268 183775 8040 130 84886 93056 90719 143441 234160 X 82363 179512 61078 54648 143441 234160 143441 234160 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 OPPPORTUNITIES FOR STUDENTS IN THE BUSINESS AND ENTREPRENEURIAL AREAS. 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. 87786 87786 MICHAEL DREW PRESIDENT 3.00 3000 LOWELL CROSKEY DIRECTOR 1.00 0 RICHARD WORTHING DIRECTOR 1.00 0 false false false false false false false false false OH MICHAEL A DREW PO BOX 333 PO BOX 333 KENT OH 44240 3302833822 false false false false false false false false false false false NONE NONE true X 176419 140934 163313 139650 183507 803823 176419 140934 163313 139650 183507 803823 803823 28 146 96 230 268 768 804591 183507 0.99900 0.99870 X 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.