Musser Davis Land Company

Kansas City, MO
EIN: 44-0365680

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Graduate, Professional Schools (Separate Entities) (B54I) (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2023 tax filing, this nonprofit:

Reported conflict of interest transactions

Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Revenue

$3.05M (2023)

Expenses

$2.01M (2023)

Total Assets

$19.6M (2023)

Total Liabilities

$0 (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$3,046,103

Expenses

$2,009,572

Net Income

$1,036,531

Net Assets

$19,614,975

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$267,294	8.8%
Bond Proceeds	$0
Royalties	$984,470	32.3%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,126,064	37.0%
Net Inventory Sales	$0
Other Revenue	$668,275	21.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,450	0.5%

Assets/Debt
Total Assets	$19,614,975
Total Liabilities	$0
Net Assets	$19,614,975

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
J Brooks Jackson (Dir)	$0	$1,056,215	$60,869
Mark Henrichs (Dir)	$0	$856,961	$59,500
James Jorgensen (Dir., Vp)	$0	$403,651	$50,144
Terry L Johnson (Dir, Pres.,T)	$0	$358,067	$60,119
Rodney Lehnertz (Dir., Chr.)	$0	$350,963	$58,934
Jason Haddy (Dir)	$0	$327,788	$52,714
Susan Klatt (Dir)	$0	$269,958	$37,969
David Kieft (Asst Tr)	$0	$185,236	$28,923
Caroll Reasoner (Dir., Vp)	$0	$6,390	$639
Jonathan Dilly (Dir., Sec)	$0	$0	$0

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990

Filed on Aug. 26, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

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Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$2,559,453

Expenses

$1,479,785

Net Income

$1,079,668

Net Assets

$18,578,444

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$242,705	9.5%
Bond Proceeds	$0
Royalties	$1,669,845	65.2%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$418,599	16.4%
Net Inventory Sales	$0
Other Revenue	$228,304	8.9%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,450	0.6%

Assets/Debt
Total Assets	$18,578,444
Total Liabilities	$0
Net Assets	$18,578,444

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
J Brooks Jackson (Dir)	$0	$1,277,995	$69,212
Mark Henrichs (Dir)	$0	$845,658	$63,112
Caroll Reasoner (Dir., Vp)	$0	$390,548	$127,880
Terry L Johnson (Dir, Pres.,T)	$0	$364,735	$55,308
Rodney Lehnertz (Dir., Chr.)	$0	$346,317	$60,940
Jason Haddy (Dir)	$0	$320,843	$55,676
Susan Klatt (Dir)	$0	$268,937	$39,733
David Kieft (Asst Tr)	$0	$182,209	$29,665
Jonathan Dilly (Dir., Sec)	$0	$0	$0

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990

Filed on Sept. 6, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

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PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,666,095

Expenses

$1,919,935

Net Income

-$253,840

Net Assets

$17,498,776

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$247,002	14.8%
Bond Proceeds	$0
Royalties	$991,105	59.5%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$215,034	12.9%
Net Inventory Sales	$0
Other Revenue	$212,954	12.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,950	0.5%

Assets/Debt
Total Assets	$17,498,776
Total Liabilities	$0
Net Assets	$17,498,776

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
J Brooks Jackson (Dir)	$0	$1,151,394	$46,328
Bradley Haws (Dir)	$0	$647,776	$41,584
Terry L Johnson (Dir, Pres.,T)	$0	$392,583	$53,463
Rodney Lehnertz (Dir., Chr.)	$0	$374,372	$52,376
Caroll Reasoner (Dir., Vp)	$0	$377,568	$46,328
Jason Haddy (Dir)	$0	$317,222	$46,794
Susan Klatt (Dir)	$0	$285,250	$33,780
David Kieft (Asst Tr)	$0	$162,925	$23,942
Jonathan Dilly (Dir., Sec)	$0	$0	$0
James R Mueller (Dir)	$0	$0	$0

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990

Filed on Sept. 28, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2020

Revenue

$1,736,334

Expenses

$2,364,774

Net Income

-$628,440

Net Assets

$17,752,616

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$247,360	14.2%
Bond Proceeds	$0
Royalties	$663,844	38.2%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$371,821	21.4%
Net Inventory Sales	$0
Other Revenue	$453,309	26.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,450	0.4%

Assets/Debt
Total Assets	$17,752,616
Total Liabilities	$0
Net Assets	$17,752,616

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
J Brooks Jackson (Dir)	$0	$942,095	$45,048
Bradley Haws (Dir)	$0	$678,823	$46,548
Terry L Johnson (Dir, Pres.,T)	$0	$338,542	$52,576
Caroll Reasoner (Dir., Vp)	$0	$341,572	$45,048
Rodney Lehnertz (Dir., Chr.)	$0	$332,244	$51,510
Jason Haddy (Dir)	$0	$296,847	$47,730
Susan Klatt (Dir)	$0	$256,545	$10,876
David Kieft (Asst Tr)	$0	$155,733	$23,963
James R Mueller (Dir)	$0	$0	$0
Jonathan Dilly (Sec)	$0	$0	$0

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990

Filed on Sept. 16, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

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XML

Fiscal Year Ending Dec.
2019

Revenue

$2,922,851

Expenses

$2,564,561

Net Income

$358,290

Net Assets

$18,381,056

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$270,755	9.3%
Bond Proceeds	$0
Royalties	$1,485,017	50.8%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$92,129	3.2%
Net Inventory Sales	$0
Other Revenue	$1,074,950	36.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$9,225	0.4%

Assets/Debt
Total Assets	$18,381,056
Total Liabilities	$0
Net Assets	$18,381,056

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
J Brooks Jackson (Dir)	$0	$992,701	$43,084
Bradley Haws (Dir)	$0	$664,558	$44,500
Terry L Johnson (Dir, Pres.,T)	$0	$331,878	$50,320
Caroll Reasoner (Dir., Vp)	$0	$334,115	$43,084
Rodney Lehnertz (Dir., Chr.)	$0	$327,355	$49,456
Susan Klatt (Dir)	$0	$298,199	$43,995
Jason Haddy (Dir)	$0	$291,389	$46,772
David Kieft (Asst Tr)	$0	$152,450	$23,295
Cynthia Bartels (Dir)	$0	$84,882	$13,828
James R Mueller (Sec, Dir)	$0	$0	$0

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990

Filed on Oct. 21, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2018

Revenue

$2,971,032

Expenses

$2,848,004

Net Income

$123,028

Net Assets

$18,022,766

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$285,536	9.6%
Bond Proceeds	$0
Royalties	$2,149,118	72.3%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$376,708	12.7%
Net Inventory Sales	$0
Other Revenue	$159,670	5.4%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$0
Professional Fundraising Fees	$0
Other Salaries and Wages	$21,071	0.7%

Assets/Debt
Total Assets	$18,022,766
Total Liabilities	$0
Net Assets	$18,022,766

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
J Brooks Jackson (Dir)	$0	$955,920	$27,500
Terry L Johnson (Dir, Pres.,T)	$0	$364,935	$33,211
Rodney Lehnertz (Dir., Chr.)	$0	$353,763	$32,040
Caroll Reasoner (Dir., Vp)	$0	$350,656	$27,500
Jason Haddy (Dir)	$0	$300,056	$25,000
Doug True (Dir)	$0	$206,988	$16,365
Cynthia Bartels (Dir)	$0	$164,443	$7,076
James R Mueller (Sec, Dir)	$0	$0	$0
David Kieft (Asst Tr)	$0	$159,517	$15,039

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990

Filed on Sept. 19, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2017

Revenue

$3,392,204

Expenses

$17,348,133

Net Income

-$13,955,929

Net Assets

$17,899,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$284,545	8.4%
Bond Proceeds	$0
Royalties	$1,605,329	47.3%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,294,402	38.2%
Net Inventory Sales	$0
Other Revenue	$207,928	6.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$34,418	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$125,316	0.7%

Assets/Debt
Total Assets	$17,899,738
Total Liabilities	$0
Net Assets	$17,899,738

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis R Austin (Ast Tres)	$34,418	$0	$3,441
Jean Robillard (Dir)	$0	$836,525	$27,000
Kenneth I Fisher (Dir)	$0	$451,987	$27,000
Terry L Johnson (Dir, Pres.,T)	$0	$360,473	$32,560
Caroll Reasoner (Dir., Vp)	$0	$347,416	$30,736
Rodney Lehnertz (Dir., Chr.)	$0	$344,867	$28,920
Mark Hingtgen (Dir)	$0	$291,349	$23,244
Cynthia Bartels (Dir)	$0	$207,251	$20,824
James R Mueller (Sec, Dir)	$0	$0	$0
David Kieft (Ast Treasure)	$0	$150,508	$14,888
Robert A Stopperan (Ast Sec)	$0	$0	$0

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990

Filed on Oct. 19, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2016

Revenue

$2,957,216

Expenses

$14,179,287

Net Income

-$11,222,071

Net Assets

$31,855,667

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$442,191	15.0%
Bond Proceeds	$0
Royalties	$1,687,421	57.1%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$680,584	23.0%
Net Inventory Sales	$0
Other Revenue	$147,020	5.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$36,036	0.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$139,865	1.0%

Assets/Debt
Total Assets	$31,855,667
Total Liabilities	$0
Net Assets	$31,855,667

Reported conflict of interest transactions

Compensation

Key Employees and Officers	Compensation	Related	Other
Dennis R Austin (Ast Tres)	$36,036	$0	$3,604
Jean Robillard (Dir)	$0	$995,017	$26,500
Kenneth I Fisher (Dir)	$0	$669,172	$26,500
Debra Schwinn (Dir)	$0	$645,008	$26,373
Mark Hingtgen (Dir)	$0	$366,775	$26,500
Terry L Johnson (Dir, Pres.,T)	$0	$326,768	$31,443
Rodney Lehnertz (Dir., Chr.)	$0	$310,419	$26,500
Caroll Reasoner (Dir., Vp)	$0	$301,616	$26,500
Cynthia Bartels (Dir)	$0	$213,513	$20,549
James R Mueller (Sec, Dir)	$0	$0	$0
Robert A Stopperan (Ast Sec)	$0	$0	$0

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990

Filed on Oct. 24, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

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Fiscal Year Ending Dec.
2015

Revenue

$4,971,322

Expenses

$35,760,809

Net Income

-$30,789,487

Net Assets

$43,077,738

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$979,562	19.7%
Bond Proceeds	$0
Royalties	$2,589,447	52.1%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,155,417	23.2%
Net Inventory Sales	$0
Other Revenue	$246,896	5.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$56,274	0.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$105,036	0.3%

Assets/Debt
Total Assets	$43,077,738
Total Liabilities	$0
Net Assets	$43,077,738

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$10,538,756

Expenses

$6,252,177

Net Income

$4,286,579

Net Assets

$73,867,225

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,135,651	10.8%
Bond Proceeds	$0
Royalties	$8,025,893	76.2%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,183,870	11.2%
Net Inventory Sales	$0
Other Revenue	$193,342	1.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$76,026	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$206,827	3.3%

Assets/Debt
Total Assets	$73,867,225
Total Liabilities	$0
Net Assets	$73,867,225

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$12,224,199

Expenses

$6,330,625

Net Income

$5,893,574

Net Assets

$69,580,646

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,092,301	8.9%
Bond Proceeds	$0
Royalties	$10,424,504	85.3%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$126,237	1.0%
Net Inventory Sales	$0
Other Revenue	$581,157	4.8%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$74,346	1.2%
Professional Fundraising Fees	$0
Other Salaries and Wages	$219,073	3.5%

Assets/Debt
Total Assets	$69,580,646
Total Liabilities	$0
Net Assets	$69,580,646

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$20,954,227

Expenses

$6,738,647

Net Income

$14,215,580

Net Assets

$63,687,070

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$1,012,009	4.8%
Bond Proceeds	$0
Royalties	$18,862,505	90.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$402,042	1.9%
Net Inventory Sales	$0
Other Revenue	$677,671	3.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$56,340	0.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$214,173	3.2%

Assets/Debt
Total Assets	$63,686,802
Total Liabilities	-$268
Net Assets	$63,687,070

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$28,170,531

Expenses

$6,636,006

Net Income

$21,534,525

Net Assets

$49,471,491

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$902,139	3.2%
Bond Proceeds	$0
Royalties	$25,763,105	91.5%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$1,079,408	3.8%
Net Inventory Sales	$0
Other Revenue	$425,879	1.5%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$65,604	1.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$204,368	3.1%

Assets/Debt
Total Assets	$49,471,491
Total Liabilities	$0
Net Assets	$49,471,491

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

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Musser Davis Land Company

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $3.05M (2023)

Expenses $2.01M (2023)

Total Assets $19.6M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

Revenue

$3.05M (2023)

Expenses

$2.01M (2023)

Total Assets

$19.6M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004

Fiscal Year Ending Dec.
2003

Fiscal Year Ending Dec.
2002

Fiscal Year Ending Dec.
2001