University Development Strategies

Nonprofit profile at a glance

EIN
464993761
IRS 990 coverage
2016–2019
Forms available
Form 990 2019
Location
Columbus, OH, USA
Phone
6142925856
Rating confidence
Limited
Sector
University or Technological Institute

Reported finances

Revenue
$0
Expenses
$481,348
Assets
$0
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2019. Amounts in USD.

Leadership & pay

10 people listed

Executive titles in this filing

  • KEITH MYERS (PRESIDENT)

Highest reported compensation

  • MIKE PAPADAKIS (DIRECTOR): $838,489 total reported compensation
  • ANN GARCIA (DIRECTOR): $657,201 total reported compensation
  • JACK D KASEY (CHAIRMAN): $625,904 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2019. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Advancing, encouraging and promoting the industrial, economic, commercial and civil development of the areas surrounding or connected to the campuses of the Ohio state university (the "university") and its affiliates; (b) providing knowledgeable real estate advice and strategies based upon the fundamental economics of real estate and optimizing its value; (c) stimulating investment in the real estate connected to the university by providing real-world advice in a way that meets the needs of the university, faculty, staff, students, community members and business partners; and (d) engaging in any activity for which corporations may be formed under the nonprofit law of Ohio.

What it reported doing in 2019

Planning and development or redevelopment of communities surrounding Ohio state university.

Operating model

Revenue model
No positive adjusted resources. The filing reports no positive adjusted operating resources.
Distribution model
Direct operator. The filing allocates 83% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

- The available evidence is not sufficient to produce an overall rating for this filing. This is not a warning sign.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 68
  • Accountability: 52
  • Sustainability: 1
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: Limited
  • Program expense ratio: 96.3%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 79th percentile among comparable filings
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 57.1%; rating input score 57; 19th percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: Limited
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 88.6%; rating input score 4; 4th percentile among comparable filings

Growth

  • Program expense growth: -35.1% per year; rating input score 0; 12th percentile among comparable filings
  • Revenue growth: -47.5% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -38.7% per year; rating input score 0; 4th percentile among comparable filings

Details

  • Where the money goes: 96.3% of spending went to programs
  • Governance: 4 of 7 board members independent · 4 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $464K in reported program spending
  • Leadership: top reported pay $838K · 10 people listed · 0 of 6 pay-setting controls reported
  • Highest-paid contractors: 1 contractor listed · $385K reported
  • Consistency: 19 of 19 current checks pass
  • Schedules: 6 filed schedules · includes grants and executive pay
  • Filing history: 4 filing years from 2016 to 2019
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 5 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Independent voting board scored 57/100.
  • Moderate — Accountability: Governance controls: 4 of 8 not reported.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 4/100.
  • High — Growth: Asset growth scored 0/100.