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.
Financial Overview
From 2022 IRS Form 990-PF · View filing
Total Assets
$66K
-87.6% YoY
Annual Giving
$627K
Grant Count
1
Avg Grant Size
$627K
About University Development Group Inc
Based on IRS filings
University Development Group Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in KENT, OH. IRS filing data is available from 2020 through 2022. As of 2022, the organization holds $66K in total assets. In 2022, it awarded 1 grants totaling $627K. Net investment income was $321.
Focus Areas
Ready to take the next step with University Development Group Inc?
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2022 | 2021 | 2020 |
|---|---|---|---|
| Total Assets | $65,873 | $529,792 | $375,764 |
| Revenue | $230,679 | $203,182 | $230,737 |
| Expenses | $694,598 | $49,154 | $230,150 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $321 | $505 | $1,102 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 1 recipients in 2022
Grant Size Distribution
1 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2022 grants, the largest include Ksu Research Corp ($627,202).
| Recipient | Purpose | Amount |
|---|---|---|
| KSU RESEARCH CORP KENT, OH | TRANSFER OF CASH BALANCE DUE TO IMMINENT ORGANIZATION CLOSURE | $627,202 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2022 IRS filing
From 2022 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| MICHAEL DREW | PRESIDENT | 3 | $3,250 |
| LOWELL CROSKEY | DIRECTOR | 1 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is University Development Group Inc?
University Development Group Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in KENT, OH. It holds $66K in total assets as of 2022.
How large is University Development Group Inc?
As of 2022, University Development Group Inc holds $66K in total assets with $231K in annual revenue. It awarded 1 grants totaling $627K in 2022.
Where does University Development Group Inc operate?
University Development Group Inc has awarded grants in Ohio.
What size grants does University Development Group Inc award?
In 2022, University Development Group Inc awarded 1 grants totaling $627K — an average of about $627K per grant, based on its IRS Form 990 filings.
What is University Development Group Inc's EIN?
University Development Group Inc's EIN (Employer Identification Number) is 26-3118684. IRS Form 990 filing data is available on this page for 2020–2022.
Explore Open Grants
Browse active grant opportunities in University Development Group Inc's focus areas in our free grants database
Related Funders
Similar funders by location and focus area
Cooper Tire Foundation Inc
AKRON, OH
Assets
$71K
Grants
2
Total Given
$67K
Auburn Education Foundation
CONCORD TOWNSHIP, OH
Assets
$352K
Grants
2
Total Given
$214K
Galpin-white Ta
BROOKLYN, OH
Assets
$16K
Grants
1
Total Given
$887
The Cleveland Superior Arts
CLEVELAND, OH
Assets
$5K
Grants
1
Total Given
$251K
Mary E H Rutter Tr Para 28
BROOKLYN, OH
Assets
$401K
Grants
1
Total Given
$26K
Carrie Peska Memorial Scholarship Fund
ANDOVER, OH
Assets
$19K
Grants
1
Total Given
$4K
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
What could you do with University Development Group Inc on Grantable?
- Assess strategic fit with your organization
- Draft a tailored letter of inquiry
- Find open RFPs from this funder
- Monitor for new funding opportunities
Go from researching University Development Group Inc to a real strategy.