2014-11-10T14:16:19-06:00 2014-06-30 340876435 SCHLABIG & ASSOCIATES LTD 2275 STATE ROUTE 59 KENT OH 442407143 990EZ 2013-07-01 263118684 UNIVERSITY DEVELOPMENT GROUP INC UNIV 3302833822 P O BOX 333 KENT OH 44240 MICHAEL DREW PRESIDENT 3302833822 2014-10-28 true THOMAS R HAGER CPA P00358675 3306785203 2014-11-10 2013 2015-11-30 17:44:51Z X X N/A X X 163409 X 163313 96 163409 7788 133 146287 154208 9201 224356 233557 X 150420 166050 73936 67507 224356 233557 224356 233557 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. 149403 149403 MICHAEL DREW PRESIDENT 3.00 3250 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 243377 124290 176419 140934 163313 848333 243377 124290 176419 140934 163313 848333 848333 200 66 28 146 96 536 387 387 849256 163313 0.99890 X PART II, LINE 10 OTHER INCOME 387 FORM 990-EZ, PART I, LINE 16 EXPENSES OFFICE SUPPLIES 34 INSURANCE 6,105 MANAGEMENT FEES 133,485 BUSINESS REGISTRATIONS 100 MEETING EXPENSE 134 NON-INVESTMENT DEPRECIATION 6,429 TOTAL 146,287 FORM 990-EZ, PART II, LINE 24 LEASEHOLD IMPROVEMENTS 192,877 192,877 LESS ACCUMULATED DEPRECIATION 118,941 125,370 BASIS IN START-UP COMPANIES 0 0 TOTAL 73,936 67,507 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. MICHAEL DREW LOWELL CROSKEY RICHARD WORTHING