Page 1 of 3
Greek Orthodox Archdiocese of America
Statements of Financial Position(Unaudited)
March 31, 2021
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 revenueTotal commitment sharing payable
Grant payable
Due to related entities
Pension payable
Loan payable (EIDL)
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

March 31, 2020

7,983,752
3,252,486
52,314
2,617,100
1,219,972
12,570,577
379,255
2,963,896
311,743
428,082
4,942,543
674,087
3,458,400
40,854,207$

924,2092,332,212
153,205
512,500
67,350150,000
4,919,681
2,399,988
3,458,400
14,917,545

$

$

-

$

7,179,909
18,756,753
25,936,662
40,854,207

December 31, 2020

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$

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

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

Greek Orthodox Archdiocese of America
Statements of Activities(Unaudited)

Revenues and Other Support
Total commitment
Contributions
Special grant
Leadership 100 contributions
Clergy Laity Congress
Contributions
Program revenue
Patriarchal visit contributions
Ministries revenue
Dept of religious education - sales
Enthronement and luncheoncontributions, 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

Three Months Ended March 31, 2021
Without Donor With Donor
Restrictions
Restrictions
Total

Three Months Ended March 31, 2020
Without Donor
With Donor
Restrictions
Restrictions
Total

Year Ended December 31, 2020
Without Donor
With Donor
Restrictions
Restrictions
Total$$$ 22,047,356 $
489,3735,746,216
264,104-Expenses
Program Services
Education
Metropolis Ministries
Orthodoxy Of The World
Communication
CommunityClergy 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 (Deficit), beginning of year
Net Assets (Deficit), end of year

Page 2 of 3$$

645,220$

2,727,100

5,746,216
909,324

2,727,100

5,070,833 $
261,907-$
1,227,974
1,290,758

5,070,833
1,489,881
1,290,758-

107,537
175,000
116,243
71,254432,035
248,572

175,000-(124,964)
89,925
175,000
432,035
248,572-$ 22,047,356
3,332,307
3,821,680
2,388,000
2,388,000
1,275,758
1,275,758

12,28345,336-

12,28345,336116,243
71,254

107,537
175,000-(124,964)

10,725292,545

303,270

11,6182,500(920,732)

2,500(909,114)

61,8222,500
1,208,921

2,500
1,270,743

63,703
1,519,625
7,661,992

11,284
3,890(1,519,625)
2,160,414

11,284
67,5939,822,406

61,79819,731
753,858
6,367,242(52,539)(753,858)
1,076,640(52,539)
61,79819,731
7,443,882

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

43,972

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

89,9251,400,399
1,671,351
591,184
331,826
597,782
159
4,592,701-

1,400,399
1,671,351
591,184
331,826
597,782
159
4,592,701

1,399,068
1,579,624
672,959
343,939
1,127,306
22,7205,145,616-

1,399,068
1,579,624
672,959
343,939
1,127,306
22,7205,145,616

7,304,840
7,304,840
7,203,619
7,158,887
2,592,579
1,493,712
2,548,985
88,1491,089,397
50,00022,225,328

2,067,501
2,067,501
6,660,202-

2,067,501
2,067,501
6,660,202

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

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

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

1,001,790
1,915,000
2,916,790
4,263,119
7,179,909

2,160,414
2,160,414
16,596,339$ 18,756,753

3,162,204
1,915,000
5,077,204
20,859,458$ 25,936,662$$(484,671)
1,076,640
591,969(484,671)
1,076,640
591,969
1,291,570
14,751,267
16,042,837
806,899 $ 15,827,907 $ 16,634,806$(6,456,422)
1,845,072-

7,203,619
7,158,887
2,592,579
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
1,291,570
14,751,267
16,042,837
4,263,119 $ 16,596,339 $ 20,859,458

Page 3 of 3
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:
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 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
Grants payable
Due to related entities
Pension and other accrued retirement benefits
Net Cash Provided by (Used in) Operating Activities

Three Months
Ended March 31,2021

Three Months
Ended March 31,
2020

$

$

5,077,204

591,969

Year EndedDecember 31,
2020$

4,816,621

66,79010,420(271,490)(11,284)

64,854
10,933
953,61752,539(168,098)
275,41443,378(1,031,221)(43,972)

21,393(1,416,336)
4,798(139,164)
17,633
263,467
293,044
2,151,492
300,000
89,775
6,457,742(6,813)(1,074,479)(8,335)(221,297)
8,940
116,670(226,078)
2,094,911(19,968)
39,7672,377,230

63,114(1,080,193)
50,075(89,537)
195,468(1,166,891)(323,671)
54,358
212,500(38,056)(29,606)
1,739,683(3,616,397)
3,575,984-(2,251,581)
2,672,340(57,432)

Net Cash Provided by (Used in) Investing Activities(40,413)363,327(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(49,138)(49,138)(46,518)(46,518)

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

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

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

83,917$223,027

Cash Flows from Investing Activities
Purchases of investments
Proceeds from sales of investments
Purchases of fixed assets

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

6,368,191
4,868,047
11,236,238

Additional Cash Flow Information
Interest paid

$56,041