Hyde Park Institute
- Assets
- $270.5k
- Revenue
- $339.5k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 04/2016
- Data as of
- 08/2022
- EIN
- 47-5549775
Organization Overview
Hyde Park Institute is located in Chicago, IL. The organization was established in 2016. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 08/2022, Hyde Park Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hyde Park Institute is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2022, Hyde Park Institute generated $339.5k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $481.4k during the year ending 08/2022. While expenses have increased by 22.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HPI CARRIED OUT A FULL PROGRAMMING SLATE IN THE 2021/22 ACADEMIC YEAR. ITS YEARLONG PROGRAMS, SCHOLARS IN ETHICS AND MEDICINE (25 PARTICIPANTS) AND MAROONS OF CHARACTER (17 PARTICIPANTS), HELD NORMAL PROGRAMMING: THEY OPENED AND CLOSED WITH DAY-LONG SEMINARS AND FEATURED MONTHLY SESSIONS THROUGHOUT THE ACADEMIC YEAR. THE CHICAGO MORAL PHILOSOPHY PROJECT SPONSORED FOUR FOR-CREDIT COURSES, EACH WITH STRONG ENROLLMENT. HPI DEBUTED PROGRAMMING FOR PROFESSIONAL STAFF WITH THE MEANING AND PURPOSE IN MEDICINE PROGRAM FOR DOCTORS, WHICH FEATURED A PRESENTATION BY A NATIONAL AUTHORITY ON PHYSICIAN WELLNESS FOLLOWED BY A ROBUST DISCUSSION AMONG DOCTORS IN THE UCHICAGO MEDICAL SYSTEM. THERE WERE THREE SESSIONS IN THE 2021/22 ACADEMIC YEAR. HPI HELD THREE CHARACTER AND ACTION SEMINARS LAST YEAR, EACH FEATURED THREE DISCUSSION SESSIONS. THE VIRTUE AND THE GOOD LIFE SEMINAR HAD FOUR SESSIONS IN 2021/22.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jim Palos Trustee/dire | Trustee | 40 | $116,391 |
Zachary Loveless Secretary | Officer | 40 | $80,363 |
Paul Marushka President | OfficerTrustee | 2 | $0 |
Jay Pinto Treasurer | OfficerTrustee | 1 | $0 |
Luis Tellez Director | Trustee | 1 | $0 |
Candace Vogler Director | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,501 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $339,501 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $339,501 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $217,765 |
| Compensation of current officers, directors, key employees. | $30,264 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $15,324 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,090 |
| Fees for services: Accounting | $24,592 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $152,825 |
| Advertising and promotion | $475 |
| Office expenses | $5,994 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $16,243 |
| Travel | $13,234 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246 |
| Insurance | $2,873 |
| All other expenses | $3,259 |
| Total functional expenses | $481,448 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $167,048 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $100,000 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,975 |
| Net Land, buildings, and equipment | $455 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $270,478 |
| Accounts payable and accrued expenses | $68,408 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $68,408 |
| Net assets without donor restrictions | $202,070 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $270,478 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hyde Park Institute has recieved totaling $335,000.
| Awarding Organization | Amount |
|---|---|
Foundation For Excellence In Higher Education Inc Princeton, NJ PURPOSE: GENERAL OPERATIONS | $250,000 |
J S Frank Foundation Deerfield, IL PURPOSE: GENERAL FUND RAISING | $50,000 |
Bradley Impact Fund Inc Milwaukee, WI PURPOSE: GENERAL CHARITABLE PURPOSES | $30,000 |
Helen Brach Foundation Chicago, IL PURPOSE: TO SUPPORT THE CHICAGO MORAL PHILOSOPHY PROJECT TO CREATE FOR-CREDIT COURSES AT THE UNIVERSITY OF CHICAGO ON CHARACTER FORMATION | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Northwestern Mutual Life Foundation Inc Milwaukee, WI | $106,326,341 | $38,353,841 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |
Des Moines Golf And Country Club West Des Moines, IA | $24,329,403 | $13,657,003 |
Ray And Kay Eckstein Charitable Trust Paducah, KY | $358,796,277 | $128,951,866 |
Professional Convention Management Association Chicago, IL | $13,503,434 | $11,522,188 |
Sigma Chi Foundation Evanston, IL | $40,441,719 | $12,690,646 |