Public Charity

UNIVERSITY DEVELOPMENT GROUP INC

UNIVERSITY DEVELOPMENT GROUP INC is a Public Charity headquartered in KENT, OH. Financial data from the 2022 filing: $66K expenses. 1 publicly reported grants to this organization, totaling roughly $627K, appear in IRS filings.

EIN: 263118684 KENT, OH General Support NTEE: DEFAULT Latest filing: 2022
Total Expenses$66K
Grant Records1
Funding Total$627K
Filing Years2018–2022

Mission

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 COMPANYIS A CONDUIT THAT HELPS IN FORMATION OF NEW BUSINESSES, CREATION OFJOBS AND REVITALIZATION AND GROWTH IN NORTHEAST OHIO. THEY ALSO PROMOTEACADEMIC ACHIEVEMENT AND ENHANCE EDUCATION BY PROVIDING OPPORTUNITIES FOR STUDENTS IN THE BUSINESS AND ENTREPRENEURIAL AREAS.

Sample Grants Received

2021
TRANSFER OF CASH BALANCE DUE TO IMMINENT ORGANIZATION CLOSURE
$627,202

Showing up to 5 of 1 total records — full history available with membership.

Officers & Directors

DIRECTOR Lowell Croskey
PRESIDENT Michael Drew

Officer compensation and complete director data available with membership.

Top Grant Purposes

TRANSFER OF CASH BALANCE DUE TO IMMINENT ORGANIZATION CLOSURE
$627,202 1 grant

Financial Trends

Year Revenue Expenses Assets
2022 $66K
2021 $203K $49K $530K
2020 $231K $230K $376K
2019 $212K $40K $375K
2018 $248K $250K $203K

Between 2018 and 2021, reported annual revenue declined from $248K to $203K (-18%).

Interactive year-over-year charts and full filing details available with membership.

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