What Is a "Propaedeutic Phase"?: The Serran Magazine Is Here

June 16, 2021 | Issue 175

What Is a "Propaedeutic Phase"?

Pictured with seminarian Jimmy Velasco at Mass in Bishop White Seminary chapel in 2019, Serra's USA Council Episcopal Adviser Most. Rev. Thomas Daly of Spokane is leading the charge on seminary accommodation and adaptation to new Vatican requirements set to change the face of priestly formation.

Find out about the sweeping changes, read a message to Serrans from Venerable Archbishop Fulton Sheen, and more in the June 2021 edition of The Serran Magazine.

The Serran Magazine

Important news for club treasurers and presidents:

TAX FORM 990 UPDATE

from Serra's USA Council Treasurer Bob Campney

For Serra Clubs who never lost their tax exemption:

Reclassification of Serra International with the IRS has been successful – result:

Clubs with annual revenue less than $50,000 can now file a 990N (quick “post-card” electronic filing)
The “supporting” (donor deductibility) issue is removed.

However, the IRS Master File records may not have been fully updated for a few clubs. This may affect their ability to file a 990N. A request to correct this was filed with the IRS in early May. Contact Bob Campney at campneybob@cox.net should you have any filing issues. These can be resolved.

For Serra Clubs whose exemption was revoked:

Tax exemption has been reinstated for 59 clubs. Reinstated clubs need to resume filing of their required annual Form 990.

But 23 clubs have yet to coordinate and pursue reinstatement. These clubs can contact Bob Campney at campneybob@cox.net to pursue their reinstatement.

Form 990 Filing Guidance – for Serra Clubs:

Clubs with annual revenue less than $50,000 can now file a Form 990N (quick “post-card” electronic filing). This includes roughly 95% of all Serra clubs. The 990 alternative forms are a Form 990EZ or full Form 990.

An email is being sent mid-June to all Presidents & Treasurers, which will include a 990N Filing Guidance document.

990 filing due date is the 15^th of the 5^th month following a club’s tax year end.

Most Serra clubs tax year end is May 31st – filing due October 15^th.

We strongly suggest you file the annual 990 within 30 days following year end (i.e., file in June for clubs with a tax year end of May 31^st).

Cautions:

Expect the IRS to again begin to assess a Late Filing Fee – up to $25/day.
Go-forward, expect these to be difficult to attain a waiver.
Automatic Revocation of tax exemption occurs when a club fails to file a Form 990 for 3 consecutive years.

Do not hesitate – feel free to contact Bob Campney at campneybob@cox.net or cell phone 402-639-4849, with questions.

Watch Now:

Serra Meets Chainarong Monthienvichienchai

On June 12, 2021, Past Serra International President and Chancellor of St. Joseph University Chainarong Monthienvichienchai spoke live to Serrans from Bangkok about helping young people to discern their vocation. Click below to view his information-packed presentation.

Serra Meets Chainarong Monthienvichienchai

What could be better than a hot slice of Chicago deep dish pizza on a cool October day?

Serra's 78th International Convention

October 7-10, 2021

Have you registered for our international convention in Chicago yet?

Don't delay -- the registration fee goes up from $350 to $450 on July 31!

Serra's 78th International Convention Page

Convention Agenda as of May 7, 2021

Serra's USA Council | www.serraus.org