Midnight Sun INC V C/O UBS Farmland Investors LLC EIN 61-1563035

Midnight Sun INC V C/O UBS Farmland Investors LLC

EIN  61-1563035 Mutual-benefit / member-serving Hartford, CT Founded 2008
Form 990 (PDF) Compare with another nonprofit →
Verified accurate 8/31/26 · see original filing: IRS
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Size
$1–10M
What they do
Acquires and holds property, collecting income to pay shareholders.
Leadership
Cullum Jefferies · Director - Vice President
Money in and out
$2.7M revenue, $1.0M expenses
Bottom line
+62% surplus margin

Acquires and holds property, collecting income to pay shareholders. For fiscal year 2024 it reported $2.7M in revenue, $1.0M in expenses, and $105.7M in net assets.Pt I

Reported financial activity · FY2024
Total revenue
$2.7M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$105.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $1.7M
Surplus margin
+62%
revenue over expenses, this year▲ +3% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$2.7M
FY2024▲ +2%
Expenses
$1.0M
FY2024▼ -3%
Total assets
$106.2M
FY2024▼ -6%
Total liabilities
$507K
FY2024▲ +1%
Total revenue
$2.7M
Pt VIII · Ln 12
Total expenses
$1.0M
Pt IX · Ln 25
Net assets
$105.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$1.7M
Total assetsPt X · Ln 16$106.2M
Program-expense ratioPt IX · col B
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 43
Mission & Programs · Part III

Where the work happens

1 program service, described in the organization's own filed words · FY2024.
01

The organization acquires, holds title to, and collects income from real property. It remits the entire amount, less expenses, to its owner(s).

Pt IX · col B

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMidnight Sun INC V C/O UBS Farmland Investors LLC
EINHdr · item D61-1563035
Principal addressHdr · item CHartford, CT
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2008
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(25) · active
NTEE classificationIRS BMFCommunity Development (S47)
Ruling yearIRS BMFJul 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director - Vice President
$0Pt VII · Sec A
Director - Vice President
$0Pt VII · Sec A
Director - President/Treasurer
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
See Midnight Sun INC V C/O UBS Farmland Investors LLC executive salaries →

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Statement of Revenue

Part VIII
Program service revenue$2.7M · 99%
Other revenue$15K · 1%
Program service revenue99%$2.7M
Other revenue1%$15K
Total revenueLn 12$2.7M

Balance Sheet

Part X · end of year
CashLn 1$189K
Total assetsLn 16$106.2M
Total liabilitiesLn 26$507K
Total net assetsLn 32$105.7M
Months of cash on handcomputed2.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $189K · Operating expenses/yr $1.0M
2.2 months
Where the money goes
Program services
Program services — · Total expenses $1.0M
Management & General
Management & general — · Total expenses $1.0M
Fundraising
Fundraising — · Total expenses $1.0M
Cost to raise $1
Fundraising expense — · Solicited contributions —
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $2.7M
0%
Government reliance
Government grants — · Total revenue $2.7M
Earned-income share
Program service revenue $2.7M · Total revenue $2.7M
99%
Investment reliance
Investment income $0 · Total revenue $2.7M
0%
Program self-sufficiency
Program service revenue $2.7M · Total expenses $1.0M
260%
Growth & trend
Revenue growth (YoY)
This year $2.7M · Prior year $2.6M
+2%
Revenue CAGR
FY2019 $2.4M · FY2024 $2.7M
+2%
Net-asset trend (YoY)
End of year $105.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $2.7M · Expenses $1.0M
+62%
Liabilities-to-Assets
Total liabilities — · Total assets $106.2M
Net-asset ratio
Net assets $105.7M · Total assets $106.2M
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $106.2M
0%
People & payroll
Highest Reported Total Compensation
Individual Cullum Jefferies · Reported title DIRECTOR - VICE PRESIDENT · Highest reported compensation $0 · Total expenses $1.0M
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $0 · Total expenses $1.0M
0%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Revenue growth 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024$2.6M revenue · ⤓ 990 PDF
FY2023$2.5M revenue · ⤓ 990 PDF
FY2022$2.5M revenue · ⤓ 990 PDF
FY2021$2.5M revenue · ⤓ 990 PDF
FY2020$2.4M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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