Serra International Foundation
- Assets
- $2.4m
- Revenue
- $200.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Chicago, IL
- Founding
- 01/1953
- Data as of
- 12/2022
- EIN
- 36-6084012
Organization Overview
Serra International Foundation is located in Chicago, IL. The organization was established in 1953. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Serra International Foundation 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 Foundation generated $200.2k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $246.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Serra International Foundation has awarded 27 individual grants totaling $360,934. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND PROGRAMS THAT FOSTER AND PROMOTE VOCATIONS TO THE MINISTERIAL PRIESTHOOD OF THE CATHOLIC CHURCH AS A PARTICULAR VOCATION TO SERVICE; TO FUND PROGRAMS OF FORMATION FOR MEN AND WOMEN IN CONSECRATED RELIGIOUS LIFE IN THE CATHOLIC CHURCH; AND TO ENHANCE RECOGNITION OF SERRA INTERNATIONAL AS THE GLOBAL LAY APOSTOLATE FOR VOCATIONS IN THE CATHOLIC CHURCH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FUND PROGRAMS THAT FOSTER AND PROMOTE VOCATIONS TO THE MINISTERIAL PRIESTHOOD OF THE CATHOLIC CHURCH AS A PARTICULAR VOCATION TO SERVICE; TO FUND PROGRAMS OF FORMATION FOR MEN AND WOMEN IN CONSECRATED RELIGIOUS LIFE IN THE CATHOLIC CHURCH; AND TO ENHANCE RECOGNITION OF SERRA INTERNATIONAL AS THE GLOBAL LAY APOSTOLATE FOR VOCATIONS IN THE CATHOLIC CHURCH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cecilia Adkindale Trustee | Trustee | 2 | $0 |
Cynthia Bell Secretary | OfficerTrustee | 5 | $0 |
Michael Bragg Past Preside | Trustee | 5 | $0 |
Alehandro Carbajal Trustee | Trustee | 2 | $0 |
Alex Duncan Trustee | Trustee | 2 | $0 |
Robert Goldsmith Trustee | Trustee | 2 | $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 | $177,261 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $177,261 |
| Total Program Service Revenue | $0 |
| Investment income | $41,805 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$18,859 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,207 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $67,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $24,300 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $578 |
| Fees for services: Management | $50,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,353 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,305 |
| Fees for services: Other | $11,666 |
| Advertising and promotion | $0 |
| Office expenses | $10,995 |
| Information technology | $20 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $838 |
| 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 | $3,632 |
| Insurance | $6,990 |
| All other expenses | $0 |
| Total functional expenses | $246,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,973 |
| Savings and temporary cash investments | $2,952 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,068 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,643 |
| Investments—publicly traded securities | $2,306,793 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,369,429 |
| Accounts payable and accrued expenses | $17,270 |
| 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 | $17,270 |
| Net assets without donor restrictions | $2,337,484 |
| Net assets with donor restrictions | $14,675 |
| 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 | $2,369,429 |
Grants Awarded
Over the last fiscal year, Serra International Foundation has awarded $50,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
SERRA'S NATIONAL COUNCIL FOR THE US PURPOSE: VOCATION SUPPORT | $15,000 |
PONTIFICAL NORTH AMERICAN COLLEGE PURPOSE: VOCATION SUPPORT | $25,000 |
INSTITUTE FOR PRIESTLY FORMATION PURPOSE: VOCATION SUPPORT | $10,000 |