page 1
Greek Orthodox Archdiocese of America
Statements of Financial Position(Unaudited)
March 31, 2020

ASSETSCash and cash equivalents
Unrestricted
Restricted
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
Other 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
Deferred revenue
PPP loan sharing payable
Total commitment sharing payable
Grant payable
Due to related entities
Pension payable
Mortgage loan payable, net
Other postretirement benefits obligations
Liability for funds held for others
Total Liabilities
Commitments and Contingencies
Net Assets (Deficit)
Withour donor restrictions
With donor restrictions
Total Net Assets
Total Liabilities and Net Assets

$

$

$

June 30, 2020

September 30, 2020

September 30, 2019

December 31, 2019

1,956,736
2,963,427
66,195680,000
1,834,101
11,331,561
387,529
2,963,896
314,120
311,654
5,025,608
618,472
3,221,874
31,675,173$

653,127
1,564,955
126,549
295,731
917,348
10,739,857
520,5812,963,895
53,425
485,4155,275,805
589,943
2,771,778
26,958,409$

873,010
955,903
323,334
55,6504,995,679
2,433,834
3,221,874
12,859,284$

1,191,966
579,814622,500
37,50022,481
351,350
5,137,792
2,507,000
2,771,778
13,222,181$

2,342,484
3,374,134
143,634
1,195,050
156,050
9,862,811
442,463
2,963,896
304,339632,243
5,243,168
566,292
2,537,169
29,763,734$

2,427,699
3,051,280
93,467
1,180,000
1,386,016
10,829,565
409,370
2,963,896
237,547
433,549
5,171,461
594,330
3,017,584$ 31,795,764$

728,758
2,221,273$$

109,377
18,08853,1005,067,327
2,393,836
2,537,169
13,128,928-

806,899
15,827,907
16,634,806$ 29,763,734

666,983
1,375,676
1,000,000
204,669
60,9005,031,748
2,497,926
3,017,584
13,855,486

$

-

$

2,014,789
15,925,489
17,940,278
31,795,764

$

-

$

3,249,430
15,566,459
18,815,889
31,675,173

$

-

$

1,035,887
12,700,341
13,736,228
26,958,409

578,315
2,444,265
136,821
120,571936,819
11,237,187
434,128
2,963,896
83,042641,183
5,250,590
618,8312,930,675
28,376,323

954,836
126,362
773,476
38,056
5,102,912
2,407,169
2,930,675
12,333,486-$

1,291,570
14,751,267
16,042,837
28,376,323

page 2
Greek Orthodox Archdiocese of America
Statements of Activities(Unaudited)Three Months Ended March 31, 2020
Without Donor
Restrictions
Revenues and Other Support
Total commitmentContributions
In-kind contributions
Leadership 100 contributions
Patriarchal visit contributions
Faith Contributions
Ministries revenue
Dept of religious education - sales
Clergy Laity Congress contributions
Enthronement and luncheon
contributions, net
Investment Income
Change in fair value of beneficial
interest in split-interest trusts
Insurance proceeds
Other Income
Net assets released from restrictions
Total revenues and other support$Expenses
Program Services
Education
Metropolis Ministries
Orthodoxy Of The World
Communication
Community
St. Nicholas Greek Orthodox Churchand National Shrine
Enthronement contributions andexpenses
Clergy Laity CongressDisaster Relief
Total Program Services
Supporting Services
General Administrative
Fundraising
Total Supporting Services
Total Program and Supporting Services
Changes in Net Assets before Effects ofPPP Loan ForgivenessGovernment grant - PPP loan forgiveness
Share of Metropolises and other entities
Net
Changes in Net Assets
Net Assets (Deficit), beginning of period
Net Assets (Deficit), end of period

5,070,833
261,907-With Donor
Restrictions
$

Total
$$

$

$ 16,442,329
432,670
2,331,172
215,515-$TotalWithout Donor
Restrictions

With Donor
Restrictions$2,50090,001

52,1082,500
553,695

2,500
605,803

46,910537,939
1,069,504

537,939
1,116,414

48,156

540,639
1,621,516

540,639
1,669,672

61,79819,731
753,858
6,367,242(52,539)(753,858)
1,076,640(52,539)
61,79819,731
7,443,882(24,501)(1,738,570)
1,174,222(24,501)
109,070
54,30914,019,537

122,697
237,155
3,034,197
19,832,629(359)(3,034,197)
815,192(359)
122,697
237,155
20,647,821

1,000,000
76,8163,135,011
23,680,423

49,318(3,135,011)
929,472

49,3181,000,000
76,816
24,609,895

1,485,276
154,759
3,287,641
30,618,478

78,206109,070
54,3091,738,570
12,845,315

78,206
1,485,276
154,759
33,598,876

1,399,068
1,579,624
672,959
343,939
1,127,306-

1,399,068
1,579,624
672,959
343,939
1,127,306

2,557,842
3,166,714
1,334,929
589,632
1,529,930

2,557,842
3,166,714
1,334,929
589,632
1,529,930

3,451,865
4,853,644
1,963,572
932,588
2,120,889

3,451,865
4,853,644
1,963,572
932,588
2,120,889

5,883,814
5,112,791
1,812,385
1,325,216
1,469,610-

5,883,814
5,112,791
1,812,385
1,325,216
1,469,610

7,137,139
6,886,636
2,366,077
1,910,073
2,297,601

77,157-

77,157105,127(484,671)(484,671)
1,291,570
806,899 $

-

-

-

-

1,507,622
789,100
111,000-$ 16,442,329
1,940,292
789,100
111,000
2,331,172
215,515-$ 22,335,894
319,194
80,493
-

Total

2,500
51,692-$ 15,551,508
1,930,759
2,356,783
1,275,758
1,275,758
175,000
175,000
134,122
184,968(87,964)
1,886With Donor
Restrictions

38,309-15,551,508
426,024
134,122
184,968
89,850Without Donor
Restrictions

2,500(909,114)-$ 10,296,881
1,487,307
1,852,013
1,275,758
1,275,758
175,000
175,000
117,438
126,032(54,964)(54,964)

Total

2,500
(920,732)

117,438
126,032-$With Donor
Restrictions

Year Ended December 31, 201911,618

1,706,297
1,706,297
6,851,913$ 10,296,881
364,706-

Without Donor
Restrictions

Nine Months Ended September 30, 2019116,243
71,254-22,7205,145,616

5,070,833
1,489,881
1,290,758175,000
116,243
71,254
107,537

Nine Months Ended September 30, 2020

1,227,974
1,290,758
175,000
107,537-$

Six Months Ended June 30, 2020
WithoutDonor
With Donor
Restrictions
Restrictions
Total

3,002,578
789,100$ 22,335,894
3,321,772
80,493
789,100

2,480,286
426,779-

111,000
125,000

111,000
2,480,286
426,779
125,000(3,287,641)
2,980,398-

7,137,139
6,886,636
2,366,077
1,910,073
2,297,601
105,127-

22,7205,145,616

56,574363,354
9,598,975-

56,574363,354
9,598,975

86,990636,936
14,046,484-

86,990636,936
14,046,484

734,992
16,415,965-

734,992
16,415,965

744,692
1,359
126,000
21,574,704-

744,692
1,359
126,000
21,574,704-

1,706,297
1,706,297
6,851,913

4,010,444
4,010,444
13,609,419-

4,010,444
4,010,444
13,609,419

6,192,865
6,192,865
20,239,349-

6,192,865
6,192,865
20,239,349

5,226,384
5,226,384
21,642,349-

5,226,384
5,226,384
21,642,349

6,750,017
6,750,017
28,324,721-

6,750,017
6,750,017
28,324,721

1,076,640
1,076,640
14,751,267
15,827,907$

591,969
591,969
16,042,837
16,634,806(764,104)
1,174,222
2,487,323(1,000,000)
1,487,323
723,219
1,174,222
1,291,570
14,751,267$ 2,014,789 $ 15,925,489

410,118
2,487,323(1,000,000)
1,487,323
1,897,441
16,042,837$ 17,940,278$(406,720)
815,192
2,487,323(122,743)
2,364,580
1,957,860
815,192
1,291,570
14,751,267
3,249,430 $ 15,566,459

408,472
2,487,323(122,743)
2,364,580
2,773,05216,042,837$ 18,815,889

2,038,074
929,472
2,038,074
929,472(1,002,187)
11,770,869$ 1,035,887 $ 12,700,341

2,967,546
2,967,546
10,768,682$ 13,736,228

2,293,757
2,980,398
2,293,757
2,980,398(1,002,187)
11,770,869$ 1,291,570 $ 14,751,267

5,274,155
5,274,155
10,768,682$ 16,042,837

page 3
Greek Orthodox Archdiocese of America
Statements of Cash Flows(Unaudited)Three Months
Ended March31, 2020

Six Months
Ended June30, 2020

Nine Months
Nine Months
Ended
Ended
September 30, September 30,2020
2019Year Ended
December 31,2019$591,969$ 1,897,441$ 2,773,052$ 2,967,546$ 5,274,155

64,854
10,933
953,617(2,487,323)
136,560
21,76926,450(143,112)(2,487,323)
202,560
32,624(442,322)

128,171
36,306(831,847)

248,546
58,704(1,481,506)

52,53924,501

359(67,760)(78,206)(6,813)(1,074,479)(8,335)43,353(1,059,429)
24,75970,626(559,429)
46,599(699)(736,888)
63,420(46,690)(26,709)
183,734(221,297)
8,940
116,670(226,078)
2,094,911(154,505)
207,634(1,018,004)(287,853)
1,249,314
1,000,000(38,056)
151,657(261,732)(231,078)
329,529(1,347,424)(81,826)
829,541(38,056)
82,315(963,365)(115,145)
220(254,788)(470,916)(433,708)
1,622,185
285,313(18,608)
954,105
3,126,907(115,146)
34,654(539,056)(248,699)(665,522)
24,128(17,207)
270,954
2,876,134

363,327(7,591,721)
7,972,893(57,432)
323,740(10,054,406)
10,402,354(59,578)
225,112513,482(2,703,542)
2,379,717(52,388)(376,213)(10,177,799)
9,862,300(101,473)(416,972)(46,518)(46,518)

2,487,323(92,932)
2,394,391

2,487,323(139,857)
2,347,466(2,089,641)(2,089,641)(2,180,591)(2,180,591)

Net (Decrease) Increase in Cash and Cash Equivalents
Cash and Cash Equivalents, beginning of period
Cash and Cash Equivalents, end of period

2,694,039
3,022,580$ 5,716,619

2,456,399
3,022,580$ 5,478,979

1,897,583
3,022,580$ 4,920,163

661,053
2,744,009$ 3,405,062

278,5712,744,009$ 3,022,580

Additional Cash Flow Information
Interest paid

$$$

$

$

Cash Flows from Operating Activities
Changes in net assets
Adjustments to reconcile changes in net assets to net cash
provided by operating activities:
Gain on sale of property (included in other income)Accrual of grant revenue from PPP loan forgiveness
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
Other receivables and other assets
Total commitment, net
Accounts payable and accrued expenses
Deferred revenue
PPP loan sharing payable
Grants payable
Due to related entities
Pension and other accrued retirement benefits
Net Cash Provided by (Used in) Operating Activities(19,968)
39,7672,377,230

Cash Flows from Investing Activities
Purchases of investments
Proceeds from sales of investments
Purchases of fixed assetsProceeds from sale of property
Net Cash Provided by (Used in) Investing Activities(2,251,581)
2,672,340(57,432)

Cash Flows from Financing Activities
Proceeds from loans
Payments on loans
Net Cash Used in (Provided by) Financing Activities

56,041

111,578

167,217

146,314259,889