Hyde Park Institute
- Assets
- $378.5k
- Revenue
- $669.4k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 04/2016
- Data as of
- 08/2023
- EIN
- 47-5549775
Organization Overview
Hyde Park Institute is located in Chicago, IL. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 08/2023, Hyde Park Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyde Park Institute 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 08/2023, Hyde Park Institute generated $669.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 34.9% each year . All expenses for the organization totaled $522.1k during the year ending 08/2023. While expenses have increased by 30.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
HYDE PARK INSTITUTE PROMOTES THE UNDERSTANDING AND CULTIVATION OF VIRTUE AS AN ESSENTIAL COMPONENT OF LEADING A FULFILLING AND FLOURISHING LIFE. WE SEEK TO ENHANCE THE ROLE OF MORAL PHILOSOPHICAL THINKING THROUGHOUT THE UNIVERSITY OF CHICAGO COMMUNITY WITH AN EYE TOWARD INTEGRATING INTELLECTUAL, PROFESSIONAL, AND MORAL DEVELOPMENT. WE SERVE AS A RESOURCE FOR UNIVERSITY OF CHICAGO FACULTY, STUDENTS, STAFF, AND ALUMNI BY SPONSORING CURRICULAR INITIATIVES, EDUCATIONAL PROGRAMMING, AND ACADEMIC RESEARCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HPI CARRIED OUT A FULL PROGRAMMING SLATE IN THE 2022//23 ACADEMIC YEAR. ITS YEARLONG PROGRAMS, SCHOLARS IN ETHICS AND MEDICINE (27 PARTICIPANTS) AND MAROONS OF CHARACTER (20 PARTICIPANTS), HELD NORMAL PROGRAMMING: THEY OPENED AND CLOSED WITH DAY-LONG SEMINARS AND FEATURED MONTHLY SESSIONS THROUGHOUT THE ACADEMIC YEAR. THE CHICAGO MORAL PHILOSOPHY INITIATIVE SPONSORED FOUR FOR-CREDIT COURSES, EACH WITH STRONG ENROLLMENT. HPI AGAIN HELD PROGRAMMING FOR PROFESSIONAL STAFF WITH THE MEANING AND PURPOSE IN MEDICINE PROGRAM FOR DOCTORS, WHICH FEATURED PRESENTATIONS BY NATIONAL AUTHORITIES ON TOPICS RELATED TO PHYSICIAN WELLNESS FOLLOWED BY ROBUST DISCUSSIONS AMONG DOCTORS IN THE UCHICAGO MEDICAL SYSTEM. THERE WERE FIVE SESSIONS IN THE 2022/23 ACADEMIC YEAR. HPI HELD ONE CHARACTER AND ACTION SEMINAR LAST YEAR THAT FEATURED FIVE DISCUSSION SESSIONS. HPI ALSO RAN ITS ALUMNI DISCOURSE SERIES IN THE LAST ACADEMIC YEAR. THIS WAS A WEBINAR SERIES THAT ATTRACTED 194 ALUMNI FOR DISCUSSIONS ABOUT A 20TH CENTURY WORK ENTITLED, THE SOVEREIGNTY OF GOOD. HPI ALSO HELD A VIRTUE AND THE GOOD LIFE SEMINAR, WHICH DREW 57 PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Palos Trustee/dire | Trustee | 40 | $123,375 |
Zachary Loveless Secretary | Officer | 40 | $85,184 |
Paul Marushka President | OfficerTrustee | 2 | $0 |
Jay Pinto Treasurer | OfficerTrustee | 1 | $0 |
Luis Tellez Director | Trustee | 1 | $0 |
Candace Vogler Director | Trustee | 3 | $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 | $654,549 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $654,549 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $669,422 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $231,272 |
| Compensation of current officers, directors, key employees. | $43,535 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $16,306 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $680 |
| Fees for services: Accounting | $25,952 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $161,924 |
| Advertising and promotion | $669 |
| Office expenses | $6,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,672 |
| Travel | $17,823 |
| 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 | $243 |
| Insurance | $854 |
| All other expenses | $7,488 |
| Total functional expenses | $522,053 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $204,369 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $150,000 |
| Accounts receivable, net | $733 |
| 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 | $1,843 |
| Net Land, buildings, and equipment | $211 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $21,296 |
| Total assets | $378,452 |
| Accounts payable and accrued expenses | $7,717 |
| 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 | $21,296 |
| Total liabilities | $29,013 |
| Net assets without donor restrictions | $349,439 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $378,452 |