Civic Intelligence

Hyde Park Institute

EIN 47-5549775 • 501(c)3 • Chicago, IL

Profile

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.

1407 E 60th StChicago, IL 60637

hydeparkinstitute.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

84th percentile

0.25x

Higher debt load relative to assets than 84% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

86th percentile

0.20x

Higher debt load relative to revenue than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

16th percentile

-42%

Higher net margin than 16% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

100th percentile

$106,329

Higher top officer pay than 100% of similar nonprofits.

Top officer pay equals 70.9% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

29th percentile

-22%

Faster asset growth than 29% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-32%

Faster revenue growth than 24% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets84th percentile

Assets

Up

$387,833

Up $9,381 (+2.5%) from 2023

Liabilities

Down

$18,396

Down $10,617 (-37%) from 2023

Net Assets

Up

$369,437

Up $19,998 (+5.7%) from 2023

Operations
Liabilities / Revenue86th percentileNet Margin16th percentile

Revenue

Down

$483,854

Down $185,568 (-28%) from 2023

Expenses

Down

$463,856

Down $58,197 (-11%) from 2023

Net Income

Down

$19,998

Down $127,371 (-86%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth29th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2016: $15,452Liabilities 2016: $347Net Assets 2016: $15,1052016Assets 2017: $50,045Liabilities 2017: $682Net Assets 2017: $49,3632017Assets 2018: $110,361Liabilities 2018: $1,290Net Assets 2018: $109,0712018Assets 2019: $391,452Liabilities 2019: $8,277Net Assets 2019: $383,1752019Assets 2020: $248,005Liabilities 2020: $9,640Net Assets 2020: $238,3652020Assets 2021: $345,764Liabilities 2021: $1,747Net Assets 2021: $344,0172021Assets 2022: $270,478Liabilities 2022: $68,408Net Assets 2022: $202,0702022Assets 2023: $378,452Liabilities 2023: $29,013Net Assets 2023: $349,4392023Assets 2024: $387,833Liabilities 2024: $18,396Net Assets 2024: $369,4372024

Highlighted filing

2024

Assets$387,833
Liabilities$18,396
Net Assets$369,437
Open 2024 Filing

Operations Trend

Revenue Growth24th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2016: $150,000Expenses 2016: $140,166Net Income 2016: $9,8342016Revenue 2017: $251,060Expenses 2017: $215,688Net Income 2017: $35,3722017Revenue 2018: $383,747Expenses 2018: $324,556Net Income 2018: $59,1912018Revenue 2019: $638,100Expenses 2019: $365,632Net Income 2019: $272,4682019Revenue 2020: $351,442Expenses 2020: $496,252Net Income 2020: -$144,8102020Revenue 2021: $495,879Expenses 2021: $390,229Net Income 2021: $105,6502021Revenue 2022: $339,501Expenses 2022: $481,448Net Income 2022: -$141,9472022Revenue 2023: $669,422Expenses 2023: $522,053Net Income 2023: $147,3692023Revenue 2024: $483,854Expenses 2024: $463,856Net Income 2024: $19,9982024

Highlighted filing

2024

Revenue$483,854
Expenses$463,856
Net Income$19,998
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$387,833
Liabilities
$18,396
Net assets
$369,437
Revenue
$483,854
Expenses
$463,856
Net income
$19,998
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.88$0.18$3.69$4.84$4.64$0.20
2023Detailed filing. Detailed filing data is available for this year.$3.78$0.29$3.49$6.69$5.22$1.47
2022Detailed filing. Detailed filing data is available for this year.$2.70$0.68$2.02$3.40$4.81$1.42
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.46$0.02$3.44$4.96$3.90$1.06
2020Detailed filing. Detailed filing data is available for this year.$2.48$0.10$2.38$3.51$4.96$1.45
2019Summary only. Only limited summary data is available for this year.$3.91$0.08$3.83$6.38$3.66$2.72
2018Summary only. Only limited summary data is available for this year.$1.10$0.01$1.09$3.84$3.25$0.59
2017Summary only. Only limited summary data is available for this year.$0.50$0.01$0.49$2.51$2.16$0.35
2016Detailed filing. Detailed filing data is available for this year.$0.15$0.00$0.15$1.50$1.40$0.10
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Sep 1, 2023 to Aug 31, 2024
Signed
Jan 14, 2025
Return Version
2023v6.0
Gross Receipts
$483,854
Mission and Program Overview

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$204,369$236,973▲ $32,604
Pledges and Grants Receivable$150,000$138,000▼ $12,000
Prepaid Expenses and Deferred Charges$1,843$3,136▲ $1,293
Land, Buildings, and Equipment, Net$211$1,029▲ $818
Accounts Receivable$733--
Total Assets$378,452$387,833▲ $9,381
Other Assets Total$21,296$8,695▼ $12,601
Liabilities
Accounts Payable and Accrued Expenses$7,717$9,701▲ $1,984
Other Liabilities$21,296$8,695▼ $12,601
Total Liabilities$29,013$18,396▼ $10,617
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$349,439$261,437▼ $88,002
Net Assets With Donor Restrictions-$108,000-
Total Net Assets Fund Balance$349,439$369,437▲ $19,998
Total Liabilities and Net Assets / Fund Balance$378,452$387,833▲ $9,381

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,029$3,647$4,676
Compensation and Service Providers
Top Officer Pay100th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim PalosTrustee/direFT$130,777$17,555$148,332
Zachary LovelessSecretaryFT$90,845$7,200$98,045

Board Members and Trustees

NameTitle
Paul MarushkaPresident
Candace VoglerDirector
Luis TellezDirector
Jay PintoTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$483,854
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$483,854
Change in Net Assets
$19,998

Audited Revenue Reconciliation

Revenue per Audited Statements
$483,854
Total Revenue per Audited Statements
$483,854
Total Revenue per Form 990
$483,854
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$263,676
Other Expenses$200,180
Total Fundraising Expense$20,883
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$205,697$24,988$15,694$246,379
Fees for Services Other$74,905$2,057-$76,962
Fees for Services Legal-$29,793-$29,793
Payroll Taxes$14,161$2,012$1,124$17,297
Occupancy$12,552$1,301$779$14,632
Advertising$1,560$8,261-$9,821
Travel$5,396$2,973$1,356$9,725
Office Expenses$6,750$748$443$7,941
All Other Expenses$5,175$1,706$500$7,381
Other Expenses$683$2,106$543$3,332
Insurance-$860-$860
Depreciation Depletion-$440-$440
Total Functional Expenses$364,669$78,304$20,883$463,856

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$463,856
Total Expenses per Audited Statements$463,856
Total Expenses per Form 990$463,856
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease$8,695
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“The 990 was reviewed by the treasurer and forwarded to the entire board of directors for their review.”

Form 990, Page 6, Part VI, Line 12C

“In connection with any actual or possible conflict of interest, an interested person must disclose the existence of the financial interest and be given the opportunity to disclose all material facts to the directors and members of committees with governing board delegated powers considering the proposed transaction or arrangement.”

Form 990, Page 6, Part VI, Line 15A

“Compensation was reviewed and compared to comparable compensation information.”

Form 990, Page 6, Part VI, Line 15B

“Compensation was reviewed and compared to comparable compensation information.”

Form 990, Page 6, Part VI, Line 19

“Governing documents are available upon request”

Filing and Contact Details

Filer

Filer Name
Hyde Park Institute
EIN
47-5549775
Phone
7734203665
Address
1407 E 60TH ST, CHICAGO, IL 60637

Signing Officer

Name
Jim Palos
Title
Trustee/director
Phone
3125239076
Signed
2025-01-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Marushka
Formed
2015
Legal Domicile
Il
Voting Board Members
5
Independent Board Members
4
Employees
2

Preparer

Firm
Anderson Financial Mgmt & Actg LLC
Address
1722 W RUSTY DR, MOUNT PROSPECT, IL 60065
Preparer
Jeffrey a Anderson
Phone
2065955114
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S 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.”

Form 990, Page 2, Part III, Line 4A

“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.”

Form 990, Part IX, Line 11G

“Other fees 74,905 2,057 0”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0HYDE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1HPI 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 990 WAS REVIEWED BY THE TREASURER AND FORWARDED TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST AND BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION WAS REVIEWED AND COMPARED TO COMPARABLE COMPENSATION INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5COMPENSATION WAS REVIEWED AND COMPARED TO COMPARABLE COMPENSATION INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
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