Heat a large, heavy skillet over medium high heat. When the skillet is hot, add ½ pound bacon and cook until crispy. Transfer the bacon to a dish lined with paper towels to soak up excess grease. Discard all but one tablespoon of the bacon grease.
Add 16 ounces baby bella or button mushrooms to the skillet and a pinch of salt. Cook, stirring occasionally until the mushrooms give up their liquid and begin to brown.
In a large bowl, combine 5 cups stale Italian or Sourdough bread, crisped bacon, browned mushrooms and 1 cup caramelized onions. The caramelized onions may stick together, so use your fingers to spread them apart and toss the mixture until everything is evenly combined.
Add ¼ cup chopped parsley and 2 cups shredded mozzarella cheese, then toss again to distribute the ingredients evenly.
Spray a 2 quart casserole with vegetable spray. Transfer the bread mixture to the casserole and spread evenly.
In a small bowl, whisk together 5 large eggs, 1 ¼ cups milk, ½ teaspoon kosher salt, ¼ teaspoon white pepper, ⅛ teaspoon cayenne pepper, ¼ teaspoon dry mustard, ½ teaspoon dried thyme and ½ teaspoon onion powder. Pour the egg mixture evenly over the strata. Cover with plastic wrap and refrigerate for several hours or overnight.
Remove the casserole from the refrigerator about half an hour before baking to take the chill off.
Preheat the oven to 375°. When the oven has heated, place the casserole in the center of the oven and bake for 50-60 minutes, or until the center has cooked through and the top is golden and puffed.
Remove from the oven and let rest for 10 minutes before serving.
Notes
If you don't have caramelized onions at the ready, peel and slice one medium onion. Add 1 tablespoon of oil to a skillet and sauté the onions over medium heat, stirring occasionally until they're softened and lightly browned. About 5-8 minutes. Continue with the recipe.To check for doneness: slip a knife into the center of the strata and gently pull to one side. If the egg is still liquid inside, continue to bake.If the casserole browns too quickly, rest a piece of aluminum foil over the top to prevent burning.