Civic Intelligence

Hyde Park Institute

990 • Fiscal year 2020 • EIN 47-5549775

Sep 01, 2019 to Aug 31, 2020 • Filed on May 14, 2020

Organization ProfileHYDEPARKINSTITUTE.ORG
1407 E 60th StChicago, IL 60637

(773) 420-3665

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

69th percentile

0.04x

Higher debt load relative to assets than 69% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

67th percentile

0.03x

Higher debt load relative to revenue than 67% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

14th percentile

-41%

Higher net margin than 14% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

98th percentile

$115,490

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 32.9% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

12th percentile

-37%

Faster asset growth than 12% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

25th percentile

-45%

Faster revenue growth than 25% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets69th percentile

Assets

Down

$248,005

Down $143,447 (-37%) from 2019

Net Assets

Down

$238,365

Down $144,810 (-38%) from 2019

Liabilities

Up

$9,640

Up $1,363 (+16%) from 2019

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin14th percentile

Revenue

Down

$351,442

Down $286,658 (-45%) from 2019

Expenses

Up

$496,252

Up $130,620 (+36%) from 2019

Net Income

Down

-$144,810

Down $417,278 (-153%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$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

2020

Assets$248,005
Liabilities$9,640
Net Assets$238,365
Open 2020 Filing

Operations Trend

Revenue Growth25th percentile

Revenue, expenses, and net income across loaded years, with this 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

2020

Revenue$351,442
Expenses$496,252
Net Income-$144,810
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Sep 1, 2019 to Aug 31, 2020
Signed
May 14, 2020
Return Version
2019v5.0
Gross Receipts
$351,442
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$187,320$224,049▲ $36,729
Accounts Receivable-$13,500-
Pledges and Grants Receivable$200,000$6,500▼ $193,500
Prepaid Expenses and Deferred Charges$1,685$2,489▲ $804
Land, Buildings, and Equipment, Net$2,447$1,467▼ $980
Total Assets$391,452$248,005▼ $143,447
Liabilities
Accounts Payable and Accrued Expenses$8,277$9,640▲ $1,363
Total Liabilities$8,277$9,640▲ $1,363
Net Assets / Fund Balance
Net Assets With Donor Restrictions$250,274--
Net Assets Without Donor Restrictions$132,901$238,365▲ $105,464
Total Net Assets Fund Balance$383,175$238,365▼ $144,810
Total Liabilities and Net Assets / Fund Balance$391,452$248,005▼ $143,447

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,467$1,953$3,420
Compensation and Service Providers
Top Officer Pay98th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Jim PalosTrustee/direFT$106,090$9,400$115,490
Zachary LovelessSecretaryFT$73,250$6,500$79,750
Candace VoglerDirector-$10,000-$10,000

Board Members and Trustees

NameTitle
Paul MarushkaPresident
Anne SnyderDirector
Luis TellezDirector
Jay PintoTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
University Of ChicagoTeaching5801 S ELLIS AVE, Chicago, IL 60637$124,764
Revenue and Support

Revenue Composition

Contributions and Grants
$351,442
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$311,242
Change in Net Assets
$-144,810

Audited Revenue Reconciliation

Revenue per Audited Statements
$351,442
Total Revenue per Audited Statements
$351,442
Total Revenue per Form 990
$351,442
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$274,997
Salaries, Compensation, and Employee Benefits$221,255
Total Fundraising Expense$15,467
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$203,896$842-$204,738
Current Officers, Directors, Trustees, and Key Employees$171,949$6,824$10,567$189,340
Fees for Services Accounting-$19,667-$19,667
Other Employee Benefits$14,888$1,843$1,222$17,953
Occupancy$14,803$583$818$16,204
Payroll Taxes$12,619$286$1,057$13,962
Office Expenses$12,161$621$293$13,075
Fees for Services Legal-$8,160-$8,160
Travel$1,345$1,142$1,109$3,596
Insurance-$2,124-$2,124
Depreciation Depletion$896$35$50$981
Other Expenses$812$789$124$812
All Other Expenses$109$3$5$117
Total Functional Expenses$436,552$44,233$15,467$496,252

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$496,252
Total Expenses per Audited Statements$496,252
Total Expenses per Form 990$496,252
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
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
2020-05-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Paul Marushka
Formed
2015
Legal Domicile
Il
Voting Board Members
6
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 CPA
Phone
3124747763
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, Part IX, Line 11G

“OTHER FEES 203,896 842 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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IRS990/ReportOtherLiabilitiesInd0false
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0150000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt025000
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0150000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt025000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0351442
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0150000
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IRS990ScheduleD/EquipmentGrp/BookValueAmt01467
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01953
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03420
IRS990ScheduleD/ExpensesSubtotalAmt0496252
IRS990ScheduleD/RevenueSubtotalAmt0351442
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01467
IRS990ScheduleD/TotalExpensesPerForm990Amt0496252
IRS990ScheduleD/TotalRevenuePerForm990Amt0351442
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0351442
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0496252
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
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/ExplanationTxt1THE 990 WAS REVIEWED BY THE TREASURER AND FORWARDED TO THE ENTIRE BOARD OF DIRECTORS FOR THEIR REVIEW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2IN 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/ExplanationTxt3COMPENSATION WAS REVIEWED AND COMPARED TO COMPARABLE COMPENSATION INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4COMPENSATION WAS REVIEWED AND COMPARED TO COMPARABLE COMPENSATION INFORMATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER FEES 203,896 842 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
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IRS990/SignificantChangeInd0false
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IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalCompGreaterThan150KInd0false
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IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt015467
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044233
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0436552
IRS990/TotalFunctionalExpensesGrp/TotalAmt0496252
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IRS990/TotalLiabilitiesEOYAmt09640
IRS990/TotalLiabilitiesGrp/BOYAmt08277
IRS990/TotalLiabilitiesGrp/EOYAmt09640
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0238365
IRS990/TotalOtherCompensationAmt015900
IRS990/TotalProgramServiceExpensesAmt0436552
IRS990/TotalReportableCompFromOrgAmt0189340
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0351442
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0248005
IRS990/TravelGrp/FundraisingAmt01109
IRS990/TravelGrp/ManagementAndGeneralAmt01142
IRS990/TravelGrp/ProgramServicesAmt01345
IRS990/TravelGrp/TotalAmt03596
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01407 E 60TH ST
IRS990/USAddress/CityNm0CHICAGO
IRS990/USAddress/StateAbbreviationCd0IL
IRS990/USAddress/ZIPCd060637
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0HYDEPARKINSTITUTE.ORG
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0JIM PALOS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TRUSTEE/DIRECTOR
ReturnHeader/BusinessOfficerGrp/PhoneNum03125239076
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0HYDE PARK INSTITUTE
ReturnHeader/Filer/BusinessNameControlTxt0HYDE
ReturnHeader/Filer/EIN0475549775
ReturnHeader/Filer/PhoneNum07734203665
ReturnHeader/Filer/USAddress/AddressLine1Txt01407 E 60TH ST
ReturnHeader/Filer/USAddress/CityNm0CHICAGO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0IL
ReturnHeader/Filer/USAddress/ZIPCd060637
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ANDERSON FINANCIAL MGMT & ACTG LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01722 W RUSTY DR
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MOUNT PROSPECT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd060065
ReturnHeader/PreparerPersonGrp/PhoneNum03124747763
ReturnHeader/PreparerPersonGrp/PreparationDt02021-05-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JEFFREY A ANDERSON CPA
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02021-05-14T09:14:51-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-09-01
ReturnHeader/TaxPeriodEndDt02020-08-31
ReturnHeader/TaxYr02019

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$248,005
Liabilities
$9,640
Net assets
$238,365
Revenue
$351,442
Expenses
$496,252
Net income
-$144,810
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