Greek Orthodox Archdiocese of America
Statements of Financial Position(Unaudited)
March 31, 2019ASSETSCash and cash equivalents
Accounts receivable
Contributions receivable
Total commitments receivable
Investments, at fair value
Inventory, net
Due from St. Nicholas Greek Orthodox Church and National Shrine
Due from related entities
Miscellaneous receivable and other assets
Fixed assets
Beneficial interest in split‐interest trusts
Investments held for others
Total Assets
LIABILITIES AND NET ASSETS
Liabilities
Accounts payable and accrued expenses
Line of credit loan
Deferred revenue
Total commitment sharing payable
Grants payable
Due to related entities
Due to pension plan
Mortgage loan, net
Other postretirement benefits obligations
Liability for funds held for others
Total Liabilities

$

$

$

December 31, 2018

2,512,801
125,941
92,307
908,663
10,048,422
625,7392,927,388
142,905
132,967
5,346,080
590,219
2,723,248
26,176,680$

1,111,494
761,773
1,644,887
799,031
25,00074,36755,9005,184,064
2,136,215
2,723,235
14,515,966$$

2,744,009
90,131
93,862744,644
9,440,182
617,862
2,848,750117,696
102,127
5,397,663
540,625
2,549,259
25,286,810

1,620,358
2,000,000
102,234
830,000‐
55,263‐5,224,799
2,136,215
2,549,259
14,518,128

Commitments and Contingencies
Net Assets (Deficit)
Withour donor restrictions
With donor restrictions
Total Net Assets
Total Liabilities and Net Assets$(601,383)
12,262,097
11,660,714
26,176,680$(1,002,187)
11,770,869
10,768,682
25,286,810

Greek Orthodox Archdiocese of America
Statements of Activities(Unaudited)

Revenues and Other Support
Total commitment
Contributions and grants
In‐kind contributionContributions L100
Faith Contributions
Ministries
Dept of religious education ‐ sales
Clergy Laity Revenue
Investment Income
Change in fair value of beneficial interest
Other Income
Net assets released from restrictions
Total revenues and other support

Three Months Ended March 31, 2019
Without Donor With Donor
Restrictions
Restrictions
Total

Year Ended December 31, 2018
Without Donor With Donor
Restrictions
Restrictions
Total$Expenses
Program Services
Education
Metropolis Ministries
Orthodoxy Of The World
Communication
Community
St. Nicholas Greek Orthodox Churchand National Shrine
Clergy Laity Congress
Disaster Relief
Total Program ServicesSupporting Services
General Administrative
Fundraising
Total Supporting Services
Total Program and Supporting Services
Changes in Net Assets
Net Assets (Deficit), beginning of year
Net Assets (Deficit), end of year$

5,489,965 $
127,422‐‐‐
346,394
114,935‐
20,802‐
6,695
235,658
6,341,871‐$
22,510‐‐‐‐‐‐654,782
49,594‐(235,658)
491,228

5,489,965
149,932‐‐‐
346,394
114,935‐
675,584
49,594
6,695‐
6,833,099$ 22,090,389 $
817,041
1,355,823‐‐
2,274,004
569,579
909,641
60,983‐
83,311
3,216,528
31,377,299

1,035,742
1,636,415
573,942
333,708
393,855‐‐‐‐‐

1,035,742
1,636,415
573,942
333,708
393,855

6,430,416
6,882,667
1,958,897
1,947,355
1,953,175

‐
‐
‐
‐
‐

6,430,416
6,882,667
1,958,897
1,947,355
1,953,175

27,17913,051‐
4,013,892‐‐‐‐

27,17913,051‐
4,013,892

1,449,765
1,113,973
333,903
22,070,151

‐
‐
‐
‐

1,449,765
1,113,973
333,903
22,070,151

1,926,330‐
1,926,330
845‐
845
1,927,175‐
1,927,175
5,941,067‐
5,941,067
400,804
491,228
892,032(1,002,187)
11,770,869
10,768,682(601,383) $ 12,262,097 $ 11,660,714‐$ 22,090,389
1,908,321
2,725,362‐
1,355,823
1,219,463
1,219,463
112,200
112,200‐
2,274,004‐
569,579
419,250
1,328,891(37,989)
22,994(60,599)(60,599)‐
83,311(3,216,528)‐
344,118
31,721,417

5,737,913‐
5,737,913
111,682‐
111,6825,849,595‐
5,849,595
27,919,746‐
27,919,746
3,457,553
344,118
3,801,671(4,459,740)
11,426,751
6,967,011$ (1,002,187) $ 11,770,869 $ 10,768,682

Greek Orthodox Archdiocese of America
Statements of Cash Flows(Unaudited)

Cash Flows from Operating Activities
Changes in net assets
Adjustments to reconcile changes in net assets to net cash
provided by operating activities:
Depreciation
Amortization of loan costs
Net change in fair value of investments
Change in fair value of beneficial interest in split‐interest trusts
Changes in assets and liabilities
Accounts receivable
Contributions receivable
Inventory, net
Due from St. Nicholas Greek Orthodox Church and National Shrine
Due from related entities
Miscellaneous receivables and other assets
Total commitment, net
Accounts payable and accrued expenses
Deferred revenue
Grants payable
Due to related entities and liability for funds held for others
Pension and other accrued retirement benefits
Net Cash Provided by (Used in) Operating Activities

Three Months
Ended March 31,2019Year Ended
December 31, 2018$$

892,032

3,801,671

62,5004,475(623,464)(49,594)

243,2179,260
130,696
60,599(35,810)
1,555(7,877)(78,638)(25,209)(30,840)(194,988)(508,864)
1,542,653
25,00019,091
55,9001,047,922(3,105)(93,862)
73,285(2,848,750)
100,028
283,127(14,232)(1,136,968)
102,234(1,250,000)(4,675,248)
247,978(4,970,070)

Cash Flows from Investing Activities
Purchases of investments
Proceeds from sales of investments
Purchases of fixed assets
Net Cash Provided by (Used in) Investing Activities(1,199,493)
1,214,717(10,917)
4,307(16,473,896)
16,402,396(213,632)(285,132)

Cash Flows from Financing ActivitiesProceeds from loans
Payments on loans
Loan costs paid
Net Cash Used in (Provided by) Financing Activities‐(1,283,437)‐(1,283,437)

7,500,000(557,385)(212,076)
6,730,539

Net (Decrease) Increase in Cash and Cash Equivalents
Cash and Cash Equivalents, beginning of year
Cash and Cash Equivalents, end of year$(231,208)
2,744,009
2,512,801$

1,475,337
1,268,672
2,744,009

Additional Cash Flow Information
Interest paid$

83,917$145,013