Page 1 of 2
Greek Orthodox Archdiocese of America
Comparison of Budget and Actual
Three Months Ended March 31, 2021
Budget
Allocated toQuarter
AnnualRevenue
Parish Total Commitment Program
Total Commitment Revenue
Total Commitment Sharing for Metropolis
Metropolis TC Sharing reduction
Foundation Grant
Unrestricted Gifts
Revenue Enhancements
Investment Income - net
PPP Loan
Other Income
Total Revenues
Expenses
Ecumenical Patriarchate
Holy Cross / Hellenic College
Assembly of Canonical Orthodox Bishops/ OCMC
Subtotal
Metropolis Payroll, Payroll Tax, Liability Ins and Benefits
GOA Ministries/Departments/Offices
Administration & General Services
Communications
Marriage and Family - Center for Family Care
Greek Education
Ionian Village
Mission Church expansion
Orthodox Observer
Parish Software
Public Relations
Registry
Religious Education
Stewardship, Outreach and Evangelism
Subtotal - GOA Ministries/Departments
Ecumenical
Eparchial Synod & Archives
Finance
Information Technology
Internet Ministries
Office of the Archbishop
Correspondence
Office of the Chancellor
Philanthropy & Clergy AssistancePre-ordination evaluation
Retired & unassigned Bishops - annual accrual
Youth & Youth Safety
Subtotal - GOA Ministries/Departments/Offices$ 22,660,000(426,100)
250,000
1,200,000
250,000
349,000$ 24,282,900

$

$

$

1,518,000
3,500,000
25,0005,043,000
6,573,900
530,000
425,000
343,000
250,000
155,000
12,000360,000
1,000
405,000
250,000
2,731,000
481,000
288,000
720,000
650,000
615,000
777,000
254,000
425,000
100,000
100,000
300,000
520,000
7,961,000$

Actual(rounded)

5,665,000(106,525)
62,500950,000
62,50087,2506,720,725$

379,500
875,000
6,250
1,260,750
1,643,475$

132,500
106,250
85,75062,50038,7503,000
90,000250
101,250
62,500682,750
120,250
72,000180,000
162,500
153,750
194,250
63,500106,250
25,00025,00075,000130,000
1,990,250$

Variance:
Favorable(Unfavorable)

5,746,216(150,413)
950,000
64,104
10,724
1,915,000
65,2478,600,878$

379,500
866,953
1,246,453
1,520,473$

119,968
189,769
75,97759,36345,12130,353294
2,536
76,163
1,719
114,361
53,018768,642
93,524
48,789185,538
168,708
107,466
166,93155,621
100,375
1,229
1,699
110,000
88,206
1,896,728

81,216(106,388)
1,604(87,250)
10,724
1,915,000
65,247$ 1,880,153

8,047
6,250
14,297123,00212,532(83,519)
9,773
3,137
(45,121)
8,397
(294)
464
13,837(1,469)(13,111)
9,482(85,892)
26,72623,211(5,538)(6,208)46,28427,3197,879
5,875
23,771
23,301(35,000)
41,794
93,522

Page 2 of 2
Greek Orthodox Archdiocese of America
Comparison of Budget and Actual
Three Months Ended March 31, 2021
Budget
Allocated toQuarter
AnnualOperating expenses and affiliate support services
Affiliates and Other GOA Payroll, Payroll Tax, and Benefits
Reimbursements from Affiliates
Hellenic Cultural Center
Archdiocesan Council, Committee, & Synodal Meetings
Maintenance, Leases, & Other General Expenses
Property and Liability Insurance
Insurance Allocated to Metropolises
Utilities, Telephone, Postage, Printing
Legal, Audit & Contract Services
Sub-total
Additional pension plan contribution
Depreciation
Interest on loans
Amortization of loan costs
Legal and General Costs - Contingencies
Total Expenses

750,000(750,000)
100,000
440,000
1,700,000(850,000)
350,000
500,000
2,240,000
1,000,000
240,000
225,000
1,000,000$ 24,282,900$

187,500(187,500)
25,000110,000
425,000(212,500)
87,500125,000
560,000
250,000
60,00056,250250,000
6,070,725

Excess of Revenue over Expenses
Capital Budget
Building improvements
Principal payments
Less Depreciation
Retired Bishop Payments
Accrual for Bishop retirement fund
Capital budget needs$$

190,000(240,000)
410,000(225,000)
135,000$$

47,500(60,000)
102,500(56,250)
33,750

Actual(rounded)

Variance:
Favorable(Unfavorable)

$

6,308
127,301
363,952(186,833)
65,089113,090
488,907250,000
68,85353,412
10,420148,8425,684,088$$

2,916,790$ 2,266,790$

49,138(68,854)
87,575(110,000)(42,141)(1,638)8,854
14,92553,75075,891$$(6,308)25,000(17,301)
61,048(25,667)
22,411
11,91071,093(8,853)
2,838(10,420)
101,158
386,637