2025-03-17T13:18:03-05:00 2024-04-30 362985770 SELDEN FOX LTD ONE PARKVIEW PLAZA SUITE 710 OAKBROOK TERRACE IL 60181 990 2023-05-01 360860710 BUTTERFIELD COUNTRY CLUB BUTT 6303231000 2800 MIDWEST ROAD OAK BROOK IL 60523 PHILIP ALLEN PRESIDENT 6303231000 2025-03-12 1 1 STEVEN G PIERSON P00653362 6309541400 2023 2025-03-06 01:10:19Z PHILIP ALLEN 2800 MIDWEST ROAD OAK BROOK IL 60523 19893400 0 X WWW.BUTTERFIELDCC.ORG X 1920 IL THE CLUB IS ORGANIZED FOR PLEASURE, RECREATION, AND OTHER NONPROFITABLE PURPOSES IN ACCORDANCE WITH INTERNAL REVENUE CODE 501(C)(7) 13 13 461 13 1950739 327276 0 0 10611821 11738949 195542 354300 4507164 4460853 15314527 16554102 0 0 0 0 8755132 9233366 0 0 0 6047698 6153714 14802830 15387080 511697 1167022 37917624 38276230 7428255 6607953 30489369 31668277 THE CLUB IS ORGANIZED FOR PLEASURE, RECREATION, AND OTHER NONPROFITABLE PURPOSES IN ACCORDANCE WITH INTERNAL REVENUE CODE SECTION 501(C)(7). 0 0 PRIVATE SOCIAL CLUB PROVIDING GOLF, SWIMMING, RECREATIONAL, AND DININGFACILITIES FOR THE EXCLUSIVE BENEFIT OF ITS MEMBERS. 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 13 0 1 461 1 1 1 0 0 0 0 1497017 2212912 0 0 0 X 13 13 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X LAURYN TAYLOR 6303231000 2800 MIDWEST ROAD OAK BROOK IL 60523 JOHN HEALY PRESIDENT 5.00 X X 0 0 0 PHILIP ALLEN VICE PRESIDENT 5.00 X X 0 0 0 BRAD LIVINGSTON TREASURER 5.00 X X 0 0 0 KEVIN BASTUGA SECRETARY 5.00 X X 0 0 0 ROSIE CONWAY DIRECTOR 5.00 X 0 0 0 PHILLIP E GUTMAN JR DIRECTOR 5.00 X 0 0 0 CALVIN HALL DIRECTOR 5.00 X 0 0 0 GREG KOHUT DIRECTOR 5.00 X 0 0 0 SCOTT MCNAUGHTON DIRECTOR 5.00 X 0 0 0 JAMES MORRISSEY DIRECTOR 5.00 X 0 0 0 SEAN REYNOLDS DIRECTOR 5.00 X 0 0 0 DANIEL SENNETT DIRECTOR 5.00 X 0 0 0 COLLEEN MALLOY STOVER DIRECTOR 5.00 X 0 0 0 JAMIE WITT DIRECTOR 5.00 X 0 0 0 SCOTT AZINGER GENERAL MANAGER 40.00 X 323237 0 3934 MICHEAL VERCAUTREN GROUNDS SUPERINTENDENT 40.00 X 281584 0 26261 ERIC WIEMEYER EXECUTIVE CHEF 40.00 X 159080 0 19844 IAN BROWN HEAD GOLF PRO 40.00 X 191554 0 16740 AARON DROP ASSITANT CLUBHOUSE MANAGER 40.00 X 102172 0 7389 LAURYN TAYLOR CFO 40.00 X 153806 0 16380 1211433 0 90548 6 0 1 0 0 MEMBERSHIP DUES AND ASSESSMENTS 713910 5164557 5164557 INITIATION FEES AND CAPITAL ASSES 713910 2378642 2378642 GREENS FEES & GOLF OPERATIONS 713910 2089463 1661469 427994 FOOD DEPARTMENT 713910 716761 534716 182045 ENTERTAINMENT 713910 526070 526070 863456 777965 85491 11738949 341201 341201 13600 501 13099 13099 13099 7758382 3338797 4419585 3505577 914008 MISCELLANEOUS INCOME 713910 34007 34007 FINANCE CHARGES RECEIVED FROM MEM 713910 7261 7261 41268 16554102 14603363 1950739 0 1022233 6439225 958016 813892 65132 93242 360215 145509 627501 14427 3062 267713 2292992 SUPPLIES 984188 EVENTS/TOURNAMENTS 506603 EQUIPMENT RENTAL & MAIN 441068 UNIFORMS 79375 272687 15387080 709435 880356 6703929 7888533 972660 963213 1058171 797721 210698 208751 54949144 27771560 27906846 27177584 102967 110775 252918 249297 37917624 38276230 1584560 1291623 473132 580615 4922427 4386006 448136 349709 7428255 6607953 X 30489369 31668277 30489369 31668277 37917624 38276230 X 1167022 11886 X 0 1 X 1 0 56504 56504 30506156 12380205 18125951 8795748 6299352 2496396 15590736 9092003 6498733 27177584 DEFERRED COMPENSATION PLAN 110775 CAPITAL LEASE OBLIGATIONS 238934 349709 X 19902920 3350683 3350683 16552237 1865 1865 16554102 18724012 3338797 3338797 15385215 1865 1865 15387080 PART X, LINE 2: THE CLUB IS A PRIVATE MEMBERSHIP CLUB AND IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(7) OF THE INTERNAL REVENUE CODE. UNDER THIS SECTION, UNRELATED BUSINESS INCOME AND INVESTMENT INCOME, AS DEFINED, ARE SUBJECT TO FEDERAL AND STATE TAXES AT CORPORATE RATES. AS OF APRIL 30, 2024, THE CLUB'S INCOME TAX RETURNS FOR FISCAL YEARS 2021 AND SUBSEQUENT ARE OPEN TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. ACCOUNTING STANDARDS CODIFICATION ("ASC") 740-10, "ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES," REQUIRES THAT UNCERTAIN INCOME TAX POSITIONS BE RECORDED IN THE FINANCIAL STATEMENTS AT AN AMOUNT THAT WOULD MOST LIKELY BE REALIZED ASSUMING A REVIEW BY THE TAX AUTHORITIES. MANAGEMENT HAS ASSESSED ITS INCOME TAX POSITIONS AND BELIEVES ANY POTENTIAL LIABILITY THAT MIGHT ARISE FROM A REVIEW BY TAX AUTHORITIES WOULD BE IMMATERIAL TO THE FINANCIAL STATEMENTS TAKEN AS A WHOLE. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - SALE OF INVENTORY 3,338,797. CHANGE IN FAIR VALUE OF INVESTMENT RATE SWAP LIABILITY 11,886. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME FROM DEFERRED COMPENSATION PLAN 1,865. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD - SALE OF INVENTORY 3,338,797. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT INCOME FROM DEFERRED COMPENSATION PLAN 1,865. X X X 1 1 1 SCOTT AZINGER GENERAL MANAGER 266297 0 48700 0 8240 0 0 0 3934 0 327171 0 0 0 MICHEAL VERCAUTREN GROUNDS SUPERINTENDENT 261539 0 10000 0 10045 0 19649 0 6612 0 307845 0 0 0 IAN BROWN HEAD GOLF PRO 156449 0 12600 0 22505 0 9919 0 6821 0 208294 0 0 0 ERIC WIEMEYER EXECUTIVE CHEF 139580 0 19500 0 0 0 16266 0 3578 0 178924 0 0 0 LAURYN TAYLOR CFO 139281 0 14525 0 0 0 9633 0 6747 0 170186 0 0 0 PART I, LINES 4A-C SUZETTE CASTILLO - $2,510 IAN BROWN - $20,000 FORM 990, PART VI, SECTION A, LINE 6 BUTTERFIELD COUNTRY CLUB IS A MEMBERSHIP CLUB WITH 330 REGULAR VOTING MEMBERS. FORM 990, PART VI, SECTION A, LINE 7A THESE REGULAR VOTING MEMBERS ELECT THE BOARD OF MANAGERS AT THE ANNUAL MEMBERSHIP MEETING. FORM 990, PART VI, SECTION A, LINE 7B THE BOARD OF MANAGERS GOVERNS IN ACCORDANCE WITH THE CLUB'S BYLAWS WHICH ARE APPROVED BY THE REGULAR VOTING MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY A PUBLIC ACCOUNTING FIRM, IT IS REVIEWED BY THE CHIEF FINANCIAL OFFICER, TREASURER AND FINANCE COMMITTEE. THE TREASURER MAKES A BRIEF REPORT ABOUT FORM 990 TO THE BOARD OF MANAGERS. FORM 990, PART VI, SECTION B, LINE 12C THE CLUB MONITORS THE CONFLICT OF INTEREST POLICY BY AGENDA FOR DISCUSSION OF THE BOARD OF MANAGERS AND BY MEMORANDUM OF DISCLOSURE TO OTHERS ON THE BOARD OF MANAGERS AND KEY EMPLOYEES. FORM 990, PART VI, SECTION B, LINE 15 THE PRESIDENT OF THE CLUB ANNUALLY REVIEWS THE COMPENSATION OF THE GENERAL MANAGER. THE COMPENSATION AMOUNT IS BASED ON PERFORMANCE, LENGTH OF SERVICE, AND COMPARABLE POSITIONS AT OTHER PRIVATE CLUBS. THE AGREEMENT IS DOCUMENTED. THE HEAD GOLF PROFESSIONAL, THE GROUNDS SUPERINTENDENT, AND OTHER KEY EMPLOYEES' (DEPARTMENT HEADS) COMPENSATION IS ANNUALLY REVIEWED BY THE CLUB OFFICERS AND THE GENERAL MANAGER. ALL COMPENSATION AMOUNTS ARE INCLUDED IN THE ANNUAL BUDGET WHICH IS APPROVED BY THE BOARD OF MANAGERS. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FAIR VALUE OF INTEREST RATE SWAP LIABILITY 11,886.