Butterfield Country Club Scholarship Program

The information for Butterfield Country Club Scholarship Program is as of the organization's most recent filing in December 2020. This organization is located in Oak Brook, IL. It has been in existence for 3 years, following its founding in 2017.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Butterfield Country Club Scholarship Program's NTEE code is B82. The "B" tells us that the organization is classified along with Education. The "82" tells us that the organization is a Scholarships & Student Financial Aid organization. The NTEE describes Scholarships & Student Financial Aid organizations as those that enable students who demonstrate financial need to obtain the financial assistance they require to meet their educational and living expenses while in school.

Every organization is also governed by a specific section of the Internal Revenue Code. The most common type is a 501(c)(3) organization. However, there are actually 29 different types of organizations that are identified by the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

The mission of the Butterfield Country Club Scholarship Program is to identify young men and women employed at Butterfield Country Club wishing to pursue higher education and provide them with financial assistance.

Board Governance

The Butterfield Country Club Scholarship Program is well governed and has a strong board of directors. The board consists of 10 voting members and 10 independent members, meaning that potential conflicts of interest do not exist. The organization has not delegated management to an outside firm and board meetings are documented. Committee meetings are also documented and the organization provides copies of the 990 to the board prior to filing. However, the organization does not have a conflict of interest policy, a written whistleblower policy, a document retention policy, or policies to substantiate and review leadership or officer's salaries.

Organization Growth

Overall, it appears that the Butterfield Country Club Scholarship Program has not grown over the past two years. Contributions & Grants Received and Total Revenue both decreased over this time period, while Grants Paid and Total Expenses increased. The total number of volunteers increased from 9 to 10, however the increase was not significant.