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Nonprofiteer
← HYDE PARK INSTITUTE

Form 990 for tax year 2022

Filed by HYDE PARK INSTITUTE.

Totals

Total revenue
$669,422
Total expenses
$522,053
Contributions and grants received
$654,549
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$14,873
Total assets, end of year
$378,452
Total liabilities, end of year
$29,013
Net assets or fund balances, end of year
$349,439
Program services expenses (Part IX)
$414,415
Management and general expenses
$89,600
Fundraising expenses
$18,038
Program service expenses (Part III)
$414,415

Program services were 79.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $654,549

  • 11a · Other revenue: EMPLOYEE RETENTION TAX CREDIT

    total $14,873 · excluded $14,873

  • 11e · Other revenue, total

    $14,873

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $231,272 · program services $174,387 · management and general $43,535 · fundraising $13,350

  • 10 · Payroll taxes

    total $16,306 · program services $12,338 · management and general $3,044 · fundraising $924

  • 11b · Fees: legal

    total $680 · management and general $680

  • 11c · Fees: accounting

    total $25,952 · management and general $25,952

  • 11g · Fees: other

    total $161,924 · program services $161,021 · management and general $903

  • 12 · Advertising and promotion

    total $669 · management and general $669

  • 13 · Office expenses

    total $6,425 · program services $4,965 · management and general $1,128 · fundraising $332

  • 16 · Occupancy

    total $16,672 · program services $13,269 · management and general $2,608 · fundraising $795

  • 17 · Travel

    total $17,823 · program services $11,965 · management and general $5,186 · fundraising $672

  • 22 · Depreciation, depletion and amortization

    total $243 · program services $188 · management and general $43 · fundraising $12

  • 23 · Insurance

    total $854 · program services $662 · management and general $150 · fundraising $42

  • 24a · Other expenses: SUPPLIES & CONSUMABLES

    total $24,865 · program services $23,799 · management and general $832 · fundraising $234

  • 24b · Other expenses: LICENSES, PERMITS & FEES

    total $3,866 · program services $3,500 · management and general $366

  • 24c · Other expenses: SUBSCRIPTIONS & PUB.

    total $3,568 · program services $2,763 · management and general $628 · fundraising $177

  • 24d · Other expenses: ACCOMODATIONS

    total $3,446 · program services $3,446

  • 24e · All other expenses

    total $7,488 · program services $2,112 · management and general $3,876 · fundraising $1,500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $167,048 · end of year $204,369

  • 3 · Pledges and grants receivable

    beginning of year $100,000 · end of year $150,000

  • 4 · Accounts receivable

    end of year $733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,975 · end of year $1,843

  • 10a · Land, buildings and equipment: cost or other basis

    $3,420

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,209

  • 10c · Land, buildings and equipment, net

    beginning of year $455 · end of year $211

  • 15 · Other assets

    end of year $21,296

  • 17 · Accounts payable and accrued expenses

    beginning of year $68,408 · end of year $7,717

  • 25 · Other liabilities

    end of year $21,296

  • 27 · Net assets without donor restrictions

    beginning of year $202,070 · end of year $349,439

Mission and programs · 2022

Mission

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.

  • 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.

    Expenses $414,415

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Palos

    TRUSTEE/DIRE

    Total calculated
    $139,930
    From this org
    $123,375
    From related orgs
    $0
    Other
    $16,555
    Hours/week
    40
  • Zachary Loveless

    SECRETARY

    Total calculated
    $91,342
    From this org
    $85,184
    From related orgs
    $0
    Other
    $6,158
    Hours/week
    40
  • Paul Marushka

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Jay Pinto

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Luis Tellez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Candace Vogler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 January 2024
IRS schema version
2022v5.0
Source object
202440379349300519

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