Serra International
- Assets
- $344.9k
- Revenue
- $691.2k
- Investments
- $262.0
- Employees
- 5
- Location
- Chicago, IL
- Founding
- 09/1949
- Data as of
- 12/2022
- EIN
- 36-2193607
Organization Overview
Serra International is located in Chicago, IL. The organization was established in 1949. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Serra International employed 5 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Serra International 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 12/2022, Serra International generated $691.2k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $735.3k during the year ending 12/2022. 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
TO FOSTER AND PROMOTE VOCATIONS TO THE MINISTERIAL PRIESTHOOD IN THE CATHOLIC CHURCH AS A PARTICULAR VOCATION TO SERVICE, SUPPORT PRIESTS IN THEIR SACRED MINISTRY, ENCOURAGE AND AFFIRM VOCATIONS TO CONSECRATED RELIGIOUS LIFE IN THE CATHOLIC CHURCH AND TO ASSIST ITS MEMBERS TO RECOGNIZE AND RESPOND IN THEIR OWN LIVES TO GOD'S CALL TO HOLINESS IN JESUS CHRIST AND THROUGH THE HOLY SPIRIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2022 SERRA INTERNATIONAL SOUGHT TO INCREASE ITS GLOBAL ACCESSIBILITY TO ALL OF ITS MEMBERS. WE CONTINUED ISSUING COMMUNICATIONS IN OUR FOUR OFFICIAL LANGUAGES: ENGLISH, SPANISH, ITALIAN, AND PORTUGUESE. ADDITIONALLY, WE IMPROVED OUR WEBSITE AND EXPANDED THE SERVICES OFFERED TO MEMBERS. THESE EFFORTS HAVE RE-ENERGIZED SERRANS IN THEIR WORK OF FOSTERING AND PROMOTING VOCATIONS TO THE MINISTERIAL PRIESTHOOD AND CONSECRATED RELIGIOUS LIFE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard Arians Trustee | Trustee | 2 | $0 |
Michael Bragg Past Preside | OfficerTrustee | 5 | $0 |
Jo-Ann Bresowar Trustee | Trustee | 2 | $0 |
Bob Campney Treasurer | OfficerTrustee | 5 | $0 |
Emanuele Costa VP Vocations | OfficerTrustee | 5 | $0 |
Jeanette D'souza Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $346,856 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $887 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $347,743 |
| Total Program Service Revenue | $125,714 |
| Investment income | $23 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,572 |
| 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 | $1,587 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $691,230 |
| 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. | $162,540 |
| Compensation of current officers, directors, key employees. | $29,357 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $119,027 |
| Pension plan accruals and contributions | $6,649 |
| Other employee benefits | $43,518 |
| Payroll taxes | $21,151 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $28,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,124 |
| Advertising and promotion | $0 |
| Office expenses | $37,519 |
| Information technology | $24,940 |
| Royalties | $0 |
| Occupancy | $62,193 |
| Travel | $12,242 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,879 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $25,568 |
| Insurance | $2,851 |
| All other expenses | $10,681 |
| Total functional expenses | $735,292 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,131 |
| Savings and temporary cash investments | $4,023 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $43,489 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $6,684 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $14,878 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $262 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $159,419 |
| Total assets | $344,886 |
| Accounts payable and accrued expenses | $57,446 |
| 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 | $160,814 |
| Total liabilities | $218,260 |
| Net assets without donor restrictions | $126,626 |
| 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 | $344,886 |