2013-10-31T13:07:46-05:00 2013-06-30 SCHLABIG & ASSOCIATES LTD 2275 STATE ROUTE 59 KENT OH 442407143 990EZ 2012-07-01 263118684 UNIVERSITY DEVELOPMENT GROUP INC UNIV 3306785203 P O BOX 333 KENT OH 44240 MICHAEL DREW 3306785203 2013-10-29 true THOMAS R HAGER CPA 3306785203 2013-10-29 2012 2016-02-24 21:20:13Z X X N/A X 141080 X 140934 146 141080 11020 129 121096 132245 8835 215521 224356 X 135156 150420 80365 73936 215521 224356 215521 224356 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. 123655 123655 MICHAEL DREW 3.00 3000 LOWELL CROSKEY 1.00 0 RICHARD WORTHING 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 25000 243377 124290 176419 140934 710020 25000 243377 124290 176419 140934 710020 710020 145 200 66 28 146 585 387 387 710992 140934 X OTHER EXPENSES FORM 990-EZ, PART I, LINE 16 EXPENSES OFFICE SUPPLIES 241 INSURANCE 5,978 MANAGEMENT FEES 107,548 BUSINESS REGISTRATIONS 200 FACILITIES EXPENSE 177 REPAIRS 523 NON-INVESTMENT DEPRECIATION 6,429 TOTAL 121,096 OTHER ASSETS FORM 990-EZ, PART II, LINE 24 LEASEHOLD IMPROVEMENTS 192,877 192,877 LESS ACCUMULATED DEPRECIATION 112,512 118,941 BASIS IN START-UP COMPANIES 0 0 TOTAL 80,365 73,936 PRIMARY EXEMPT PURPOSE 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. FIRST ACCOMPLISHMENT 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