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Nonprofiteer
← HYDE PARK INSTITUTE

Form 990 for tax year 2024

Filed by HYDE PARK INSTITUTE.

Totals

Total revenue
$437,524
Total expenses
$477,230
Contributions and grants received
$437,524
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$336,286
Total liabilities, end of year
$18,169
Net assets or fund balances, end of year
$318,117
Program services expenses (Part IX)
$396,121
Management and general expenses
$68,041
Fundraising expenses
$13,068
Program service expenses (Part III)
$396,121

Program services were 83.0% 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

    $437,524

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $257,236 · program services $225,752 · management and general $21,518 · fundraising $9,966

  • 10 · Payroll taxes

    total $17,797 · program services $15,660 · management and general $1,470 · fundraising $667

  • 11c · Fees: accounting

    total $26,228 · management and general $26,228

  • 11g · Fees: other

    total $88,420 · program services $85,191 · management and general $2,599 · fundraising $630

  • 12 · Advertising and promotion

    total $6,318 · program services $5,010 · management and general $1,308

  • 13 · Office expenses

    total $3,137 · program services $2,500 · management and general $353 · fundraising $284

  • 16 · Occupancy

    total $12,160 · program services $10,816 · management and general $955 · fundraising $389

  • 17 · Travel

    total $12,864 · program services $9,397 · management and general $3,247 · fundraising $220

  • 22 · Depreciation, depletion and amortization

    total $255 · management and general $255

  • 23 · Insurance

    total $1,024 · management and general $1,024

  • 24a · Other expenses: SUPPLIES & CONSUMABLES

    total $30,025 · program services $29,607 · management and general $183 · fundraising $235

  • 24b · Other expenses: ACCOMODATIONS

    total $8,041 · program services $8,041

  • 24c · Other expenses: SUBSCRIPTIONS & PUB.

    total $3,889 · program services $3,460 · management and general $305 · fundraising $124

  • 24d · Other expenses: RENTAL SPACE FOR PROGRAMS

    total $3,641 · management and general $3,641

  • 24e · All other expenses

    total $6,195 · program services $687 · management and general $4,955 · fundraising $553

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $236,973 · end of year $288,732

  • 3 · Pledges and grants receivable

    beginning of year $138,000 · end of year $26,386

  • 9 · Prepaid expenses and deferred charges

    beginning of year $3,136 · end of year $8,954

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

    $774

  • 10c · Land, buildings and equipment, net

    beginning of year $1,029 · end of year $774

  • 15 · Other assets

    beginning of year $8,695 · end of year $11,440

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,701 · end of year $6,729

  • 25 · Other liabilities

    beginning of year $8,695 · end of year $11,440

  • 27 · Net assets without donor restrictions

    beginning of year $261,437 · end of year $283,117

  • 28 · Net assets with donor restrictions

    beginning of year $108,000 · end of year $35,000

Mission and programs · 2024

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 2024/25 ACADEMIC YEAR. ITS YEARLONG PROGRAMS, SCHOLARS IN ETHICS AND MEDICINE (40 PARTICIPANTS), LEADERS IN LAW AND CHARACTER (20 PARTICIPANTS) AND MAROONS OF CHARACTER (70 PARTICIPANTS) HELD NORMAL PROGRAMMING: THEY OPENED AND CLOSED WITH SEMINARS AND FEATURED MONTHLY SESSIONS THROUGHOUT THE ACADEMIC YEAR. THE CHICAGO MORAL PHILOSOPHY INITIATIVE SPONSORED TWO FOR-CREDIT 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 SIX SESSIONS IN THE 2024/25 ACADEMIC YEAR.

    Expenses $396,121

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jim Palos

    EXECUTIVE DI

    Total calculated
    $152,277
    From this org
    $136,008
    From related orgs
    $0
    Other
    $16,269
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $136,008
    Bonus
    not reported
    Other
    not reported
    Deferred
    $16,269
    Nontaxable benefits
    not reported
    Filer's total
    $152,277

  • Zachary Loveless

    SECRETARY

    Total calculated
    $104,960
    From this org
    $93,907
    From related orgs
    $0
    Other
    $11,053
    Hours/week
    40

  • Paul Marushka

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Jay Pinto

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • William Swee

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Luis Tellez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
12 May 2026
IRS schema version
2024v5.0
Source object
202601329349302180

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