Page 1
Greek Orthodox Archdiocese of America
Statements of Financial Position(Unaudited)

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
Total commitment sharing payable
Grant payable
Pension payable
Loan payable (EIDL)
Mortgage loan payable, net
Other postretirement benefits obligations
Liability for funds held for others
Total Liabilities

September 30, 2021

June 30, 2021

September 30, 2020

December 31, 2020$

9,072,867
4,100,436
44,4946,070,760
1,352,715
13,100,969
332,165
2,963,896
483,038
1,190,662
4,782,836
685,458
3,699,725
47,880,021$ 5,934,412
3,610,463
57,416
1,767,500
1,487,786
13,117,747
349,733
2,963,896
376,911
1,318,588
4,851,689
709,473
3,719,873$ 40,265,487$

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$

726,355
999,072
441,655
2,512,500
51,470150,000
4,843,044
2,395,588
3,699,725
15,819,409$$

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

$

$

$

Commitments and Contingencies
Net Assets (Deficit)
Withour donor restrictions
With donor restrictions
Total Net Assets
Total Liabilities and Net Assets-$

8,720,330
23,340,282
32,060,612
47,880,021

756,728
1,796,813
311,051
137,500
51,276150,000
4,881,624
2,312,313
3,719,873
14,117,178$-

7,648,642
18,499,667
26,148,309$ 40,265,487

$

-

$

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

2,357,080
2,510,967
73,7071,200,764
2,183,437
12,258,674
384,053
2,963,896
172,579445,715
5,009,333
662,8033,375,376
33,598,384

631,165
180,720853,203
212,500
150,000
4,958,399
2,377,563
3,375,376
12,738,926-$4,263,119
16,596,339
20,859,458
33,598,384

Page 2

Greek Orthodox Archdiocese of America
Statements of Activities(Unaudited)

Revenues and Other Support
Total commitment
Contributions
BequestSpecial grant
Leadership 100 contributions
Clergy Laity Congress
Contributions
Program revenue
Patriarchal visit contributions
Ministries revenue
Dept of religious education - sales
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
Patriarchal Visit
Communication
Community
Clergy Laity Congress
Covid-19 Relief
Disaster Relief
Total Program Services
Supporting Services
General Administrative
Total Supporting Services
Total Program and Supporting Services
Changes in Net Assets before Government
Grant
Government Grant, Net
Changes in Net Assets
Net Assets, beginning of year
Net Assets, end of year

Nine Months Ended September 30, 2021
Without
Donor
With Donor
Restrictions Restrictions
Total

Six Months Ended June 30, 2021
WithoutDonor
With Donor
Restrictions
Restrictions
Total

Nine Months Ended September 30, 2020WithoutDonor
With Donor
Restrictions
Restrictions
Total

Without Donor
Restrictions$ 17,110,350
297,207940,000$ 11,488,210
286,511$ 15,551,508 $$ 15,551,508
426,024
1,830,759
2,356,783$ 22,047,356 $$ 22,047,356
489,373
3,232,307
3,721,680$

2,592,159
5,870,591$ 17,110,350
2,889,366
6,810,591-

1,927,100

1,927,100-

439,018
227,801

480,000-

480,000
439,018
227,801

60,697123,076

24,644

866,098

890,742

279,615
5,014,660
24,333,295

22,655(5,014,660)
6,743,943

22,655
279,615
31,077,238$

1,724,968$ 11,488,210
2,011,479

1,727,100

1,727,100-

1,275,758

1,275,758-

60,697123,076

89,850134,122
184,968(87,964)
275,000-(87,964)
89,850175,000
134,122
184,968

432,035
248,572

18,142855,968

874,110

52,1082,500
553,695

2,500
605,803

255,306
2,455,268
14,687,210

46,6703,890(2,455,268)
1,903,328

46,670259,196
16,590,538

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

5,004,741
4,949,209
1,791,60796,154
1,007,523
3,407,642
159
16,257,035-

5,004,741
4,949,209
1,791,607
96,154
1,007,523
3,407,642
159
16,257,035

3,110,487
3,354,552
1,187,472
14,795688,976
1,026,597
159
9,383,038-

3,110,487
3,354,552
1,202,267
1,202,267
688,976
1,026,597
159
10,585,305

86,990636,936
14,046,484-

5,534,049
5,534,049
21,791,084-

5,534,049
5,534,049
21,791,084

3,833,649
3,833,649
13,216,687-

3,833,649
3,833,649
14,418,954

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

9,286,154$ 1,915,000
11,201,154
20,859,458$ 32,060,612

1,470,523
1,915,000
3,385,523
4,263,119$ 7,648,642

2,542,211
1,915,000
4,457,211
4,263,119$ 8,720,330

6,743,943
6,743,943
16,596,339$ 23,340,282

Year Ended December 31, 2020

1,903,328
1,903,328
16,596,339$ 18,499,667

2,171,584
1,915,000
4,086,584
20,859,458$ 24,946,042

3,451,865
4,853,644
1,904,209
59,363
932,588
2,120,889

With Donor
Restrictions

Total

2,388,000
1,275,758

2,388,000
1,275,758(124,964)
275,000-(124,964)
89,925275,000
432,035
248,572

61,8222,500
1,208,921

2,500
1,270,743(359)
122,697
237,155
20,647,821

122,697369,6216,456,422
30,317,823

43,972

43,972
122,697369,621
32,162,895

3,451,865
4,853,644
1,904,209
59,363
932,588
2,120,889
86,990636,936
14,046,484

7,304,840
7,304,840
7,203,619
7,158,887
2,533,216
59,363
1,493,712
2,548,985
88,1491,089,397
50,00022,225,328

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

7,485,526
7,485,526
29,710,854(406,720)
815,192
408,472
2,364,580
2,364,580
1,957,860
815,192
2,773,052
1,291,570
14,751,267
16,042,837$ 3,249,430 $ 15,566,459 $ 18,815,889-

89,925(6,456,422)
1,845,072-

7,203,619
7,158,887
2,533,216
59,363
1,493,712
2,548,985
88,1491,089,397
50,00022,225,328-

7,485,526
7,485,526
29,710,854

606,969
1,845,072
2,452,041
2,364,580
2,364,580
2,971,549
1,845,072
4,816,621
1,291,57014,751,267
16,042,837$ 4,263,119 $ 16,596,339 $ 20,859,458

Page 3
Greek Orthodox Archdiocese of America
Statements of Cash Flows(Unaudited)
Nine Months
Nine Months
EndedSix Months
Ended
September 30, Ended June 30, September 30,
2021
2021
2020
Cash Flows from Operating Activities
Changes in net assets
Adjustments to reconcile changes in net assets to net cash
provided by operating activities:
Disposition of fixed assets (gain on sale of property)
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 related entities
Other receivables and other assets
Total commitment, net
Accounts payable and accrued expenses
Deferred revenue
Grants payable
Due to related entities
Pension and other accrued retirement benefits
Net Cash Provided by (Used in) Operating Activities$ 11,201,154$

5,288,851$

2,773,052$

4,816,621

22,000204,497
31,297(788,137)(22,655)

22,000135,643
20,853(815,869)(46,670)(143,112)
202,560
32,624(442,322)
359(168,098)
275,41443,378(1,031,221)(43,972)

29,213(4,869,996)
51,888(310,459)(744,947)
419,174
95,190818,352
2,300,000
69,4958,506,066

16,291(566,736)
34,320(204,332)(872,873)
153,499
125,563
1,616,093(75,000)(13,974)
4,817,659

70,626(559,429)
46,599(231,078)
329,529(1,347,424)(81,826)
829,541(38,056)
82,315
1,523,958

63,114(1,080,193)
50,075(89,537)
195,468(1,166,891)(323,671)
54,358212,500(38,056)(29,606)
1,739,683

Cash Flows from Investing Activities
Purchases of investments
Proceeds from sales of investments
Purchases of fixed assets
Proceeds from sale of fixed assets
Net Cash Provided by (Used in) Investing Activities(9,179,439)
9,125,281(54,158)(6,430,438)
6,387,236(43,202)(10,054,406)
10,402,354(59,578)
225,112513,482(14,671,033)
14,680,767(116,157)
250,098
143,675

Cash Flows from Financing Activities
Proceeds from loans
Payments on loans
Net Cash Used in (Provided by) Financing Activities(146,652)(146,652)(97,629)(97,629)(139,857)(139,857)

150,000(187,891)(37,891)

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

8,305,256
4,868,047$ 13,173,303$

4,676,828
4,868,047
9,544,875$

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

1,845,467
3,022,580
4,868,047

Additional Cash Flow Information
Interest paid$$

107,831$

111,578$

223,027

160,420