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Nonprofiteer
← HYDE PARK INSTITUTE

Form 990 for tax year 2023

Filed by HYDE PARK INSTITUTE.

Totals

Total revenue
$483,854
Total expenses
$463,856
Contributions and grants received
$483,854
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$387,833
Total liabilities, end of year
$18,396
Net assets or fund balances, end of year
$369,437
Program services expenses (Part IX)
$364,669
Management and general expenses
$78,304
Fundraising expenses
$20,883
Program service expenses (Part III)
$364,669

Program services were 78.6% 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

    $483,854

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $246,379 · program services $205,697 · management and general $24,988 · fundraising $15,694

  • 10 · Payroll taxes

    total $17,297 · program services $14,161 · management and general $2,012 · fundraising $1,124

  • 11b · Fees: legal

    total $29,793 · management and general $29,793

  • 11g · Fees: other

    total $76,962 · program services $74,905 · management and general $2,057

  • 12 · Advertising and promotion

    total $9,821 · program services $1,560 · management and general $8,261

  • 13 · Office expenses

    total $7,941 · program services $6,750 · management and general $748 · fundraising $443

  • 16 · Occupancy

    total $14,632 · program services $12,552 · management and general $1,301 · fundraising $779

  • 17 · Travel

    total $9,725 · program services $5,396 · management and general $2,973 · fundraising $1,356

  • 22 · Depreciation, depletion and amortization

    total $440 · management and general $440

  • 23 · Insurance

    total $860 · management and general $860

  • 24a · Other expenses: SUPPLIES & CONSUMABLES

    total $28,073 · program services $27,482 · management and general $358 · fundraising $233

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

    total $7,349 · program services $7,000 · management and general $349

  • 24c · Other expenses: SUBSCRIPTIONS & PUB.

    total $3,871 · program services $3,308 · management and general $352 · fundraising $211

  • 24d · Other expenses: MEALS AND ENTERTAINMENT

    total $3,332 · program services $683 · management and general $2,106 · fundraising $543

  • 24e · All other expenses

    total $7,381 · program services $5,175 · management and general $1,706 · fundraising $500

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $204,369 · end of year $236,973

  • 3 · Pledges and grants receivable

    beginning of year $150,000 · end of year $138,000

  • 4 · Accounts receivable

    beginning of year $733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,843 · end of year $3,136

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

    $4,676

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

    $3,647

  • 10c · Land, buildings and equipment, net

    beginning of year $211 · end of year $1,029

  • 15 · Other assets

    beginning of year $21,296 · end of year $8,695

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,717 · end of year $9,701

  • 25 · Other liabilities

    beginning of year $21,296 · end of year $8,695

  • 27 · Net assets without donor restrictions

    beginning of year $349,439 · end of year $261,437

  • 28 · Net assets with donor restrictions

    end of year $108,000

Mission and programs · 2023

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 2023//24 ACADEMIC YEAR. ITS YEARLONG PROGRAMS, SCHOLARS IN ETHICS AND MEDICINE (31 PARTICIPANTS) AND MAROONS OF CHARACTER (86 PARTICIPANTS) HELD NORMAL PROGRAMMING: THEY OPENED AND CLOSED WITH SEMINARS AND FEATURED MONTHLY SESSIONS THROUGHOUT THE ACADEMIC YEAR. HPI INTRODUCED A THIRD YEARLONG PROGRAM ENTITLED LEADERS IN LAW AND CHARACTER (13 PARTICIPANTS), WHICH IS AIMED AT UNDERGRADUATE PRE- LAW STUDENTS. LLC IS SIMILAR IN PROGRAM STRUCTURE TO SEM AND MOC. LLC AIMS TO HELP PARTICIPANTS GROW IN VIRTUES THAT ARE ESSENTIAL TO THE PRACTICE OF LAW. THE CHICAGO MORAL PHILOSOPHY INITIATIVE SPONSORED TWO FOR-CREDIT COURSES, EACH WITH STRONG ENROLLMENT AND A TOTAL OF 68 STUDENTS ENROLLED IN THE TWO COURSES. HPI AGAIN HELD PROGRAMMING FOR PROFESSIONAL STAFF WITH THE MEANING AND PURPOSE IN MEDICINE (MPM) 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. MPM HELD SEVEN SESSIONS IN THE 2023/24 ACADEMIC YEAR. HPI ALSO RAN ITS ALUMNI DISCOURSE SERIES IN THE LAST ACADEMIC YEAR. THIS WAS A THREE-PART WEBINAR SERIES THAT ATTRACTED MORE THAN 400 ALUMNI AND CONTINUING EDUCATION STUDENTS FOR DISCUSSIONS ABOUT THREE ESSAYS BY ENGLISH PHILOSOPHER BERNARD WILLIAMS. HPI OFFERED ONE MINI SEMINAR, WHICH MET THREE TIMES AND AVERAGED NINE PARTICIPANTS PER SESSION. HPI INTRODUCED A NEW PROGRAM ENTITLED, BECOMING A GOOD DOCTOR, A THREE-PART DISCUSSION SERIES FOR GRADUATING MEDICAL SCHOOL STUDENTS ON THEIR WAY TO RESIDENCY. ELEVEN STUDENTS PARTICIPATED.

    Expenses $364,669

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Palos

    TRUSTEE/DIRE

    Total calculated
    $148,332
    From this org
    $130,777
    From related orgs
    $0
    Other
    $17,555
    Hours/week
    40

  • Zachary Loveless

    SECRETARY

    Total calculated
    $98,045
    From this org
    $90,845
    From related orgs
    $0
    Other
    $7,200
    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
    2

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
2023
Filed
14 January 2025
IRS schema version
2023v6.0
Source object
202510179349301211

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