Musser-Davis Land Company
- Assets
- $17.5m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 1
- Location
- Kansas City, MO
- Founding
- 00/0000
- Data as of
- 12/2021
- EIN
- 44-0365680
Organization Overview
Musser-Davis Land Company is located in Kansas City, MO. The organization was established in 0000. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Musser-Davis Land Company is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Musser-Davis Land Company generated $1.7m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (14.5%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (34.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE EXCLUSIVE PURPOSE AND ACTIVITY OF THE ORGANIZATION IS TO COLLECT INCOME FROM ITS INVESTMENTS AND TO DISBURSE THE NET INCOME FOR THE BENEFIT OF THE ORGANIZATION'S SOLE BENEFICIARY, THE COLLEGE OF MEDICINE OF THE UNIVERSITY OF IOWA. ACCORDINGLY, THE SOLE BENEFICIARY OF DISBURSEMENTS IS "AUTOMATICALLY" DETERMINED AND QUALIFIED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE 4.D.
COLLEGE OF MEDICINE
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rodney Lehnertz Dir., Chr. | OfficerTrustee | $0 | |
Caroll Reasoner Dir., VP | OfficerTrustee | $0 | |
Terry L Johnson Dir, Pres.,t | OfficerTrustee | $0 | |
Jonathan Dilly Dir., Sec | OfficerTrustee | $0 | |
James R Mueller Dir | OfficerTrustee | $0 | |
David Kieft Asst Tr | Officer | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $247,002 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $991,105 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $215,034 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,666,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $9,950 |
| Pension plan accruals and contributions | $995 |
| Other employee benefits | $4,331 |
| Payroll taxes | $761 |
| Fees for services: Management | $94,454 |
| Fees for services: Legal | $9,366 |
| Fees for services: Accounting | $17,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $690 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $33,476 |
| All other expenses | $6,413 |
| Total functional expenses | $1,919,935 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $244,347 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $1,788,722 |
| Investments—publicly traded securities | $15,465,707 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,498,776 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $57,900 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $17,440,876 |
| Total liabilities and net assets/fund balances | $17,498,776 |
Endowment Analysis
| Beg. Balance | $15,861,155 |
| Earnings | $582,079 |
| Admin Expense | $120,058 |
| Net Contributions | $642,531 |
| Grants | $1,500,000 |
| Ending Balance | $15,465,707 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Salina Health Education Foundaton Salina, KS | $29,953,883 | $21,379,365 |
Medical Educatiion & Research Instutute Memphis, TN | $23,598,104 | $14,599,708 |
Musser-Davis Land Company Kansas City, MO | $17,498,776 | $1,666,095 |
University Medical Foundation Inc Louisville, KY | $12,425,544 | $1,582,627 |
Council Of Medical Specialty Societies Chicago, IL | $3,906,097 | $1,843,688 |
Sarah C Upham Clinic Tr 2 P10303009 Chicago, IL | $7,388,989 | $410,128 |
American College Of Medical Quality Lombard, IL | $201,349 | $238,231 |
Chicago Committee On Trauma Of The American College Of Surgeons Bolingbrook, IL | $129,114 | $391,129 |
Health Occupations Students Of America Nashville, TN | $488,292 | $282,930 |
Stuttgart Memorial Hospital Foundation Stuttgart, AR | $3,561,770 | $427,715 |
Cedar Rapids Medical Education Foundation Cedar Rapids, IA | $89,049 | $206,062 |
Lexington Clinic Foundation For Medical Education And Research Inc Lexington, KY | $676,643 | $195,952 |