HYDE PARK INSTITUTE

EIN: 475549775 501(c)(3) Education

CHICAGO, IL

Total Revenue
$437,524
Total Expenses
$477,230
Total Assets
$336,286
Net Assets
$318,117
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2015
Legal Domicile
IL
Principal Officer
PAUL MARUSHKA
Phone
7734203665
Tax Period
2024-09-01 to 2025-08-31

HYDE PARK INSTITUTE, founded in 2015, is a small nonprofit in the Education sector that reported $438K in total revenue in fiscal year 2024. Revenue decreased 10% compared to the prior year.

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.

Program Service Accomplishments

Program 1
Expenses: $396,121

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...

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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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $437,524
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $437,524

Expense Breakdown

Grants Paid $0
Salaries & Benefits $275,033
Fundraising Expenses $13,068
Program Expenses $396,121
Other Expenses $202,197
TOTAL EXPENSES $477,230

Year-over-Year Comparison

2024 2023 Change
Revenue $437,524 $483,854 -0.1%
Expenses $477,230 $463,856 +0.0%
Net Income $-39,706 $19,998 -3.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
5
Independent Members
4
Employees
2
Volunteers
40

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$257,237
Total Directors
5
$152,277
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JIM PALOS EXECUTIVE DI 40.00
Officer Director
$136,008 $16,269 $152,277
ZACHARY LOVELESS SECRETARY 40.00
Officer
$93,907 $11,053 $104,960
PAUL MARUSHKA PRESIDENT 2.00
Officer Director
$0 $0 $0
JAY PINTO TREASURER 1.00
Officer Director
$0 $0 $0
WILLIAM SWEE DIRECTOR 1.00
Director
$0 $0 $0
LUIS TELLEZ DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $437,524 $477,230 $336,286 $-39,706
2024 $483,854 $463,856 $387,833 $19,998
2023 $669,422 $522,053 $378,452 $147,369
2022 $339,501 $481,448 $270,478 $-141,947
2021 $495,879 $390,229 $345,764 $105,650
2020 $351,442 $496,252 $248,005 $-144,810
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