University Development Group Inc.
University Development Group Inc.
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About this organization
Revenue
$211,843
Expenses
$40,040
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 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.
About
First accomplishment management of Centennial Researchpark and lease agreements with the College of Business Administration's Center for Entrepreneurship & Business Innovation Program and the College of Communication.
Interesting data from their 2020 990 filing
The purpose of the non-profit, as set forth in the filing, is “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.”.
When discussing its purpose, they were characterized as: “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.”.
- The state in which the non-profit is legally authorized to operate is OH, as reported.
- The filing confirms that the non-profit's address in 2020 was 129 ELMWOOD DRIVE, KENT, OH, 44240.
- The form of the non-profit reports 0 employees as of 2020.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is $171,803.
- The organization has 3 independent voting members.
- The organization was formed in 2008.
- The organization pays $3,000 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.