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
Due to related entities
Pension payable
Mortgage loan payable, net
Other postretirement benefits obligations
Liability for funds held for others
Total Liabilities

March 31, 2020

June 30, 2020

June 30, 2019

December 31, 2019$

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
93,468
1,180,000
1,181,347
10,829,565
409,369
2,963,896
237,547
433,549
5,171,461
594,330
3,017,584
31,591,095$

1,487,394
1,564,955
90,830830,750
800,560
10,595,854
554,4422,963,895
117,476
356,915
5,321,880
608,385
2,790,796
28,084,132$

728,758
2,221,273
109,377
18,08853,1005,067,327
2,393,836
2,537,169
13,128,928$

666,983
1,375,676
1,000,000
60,9005,031,748
2,497,926
3,017,584
13,650,817$

1,186,650
1,724,419
415,000
285,31336,655557,420
5,171,464
2,532,900
2,790,796
14,700,617

$

$

$

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

$

-

$

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

$

-

$

2,014,789
15,925,489
17,940,278
31,591,095

$

-

$

376,71113,006,804
13,383,515
28,084,132

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
16,042,83728,376,323

page 2
Greek Orthodox Archdiocese of America
Statements of Activities(Unaudited)

Revenues and Other Support
Total commitment
Contributions
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

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

Six Months Ended June 30, 2020
Without Donor
With Donor
Restrictions
Restrictions
Total

Six Months Ended June 30, 2019
Without Donor
With Donor
Restrictions
Restrictions
Total

Year Ended December 31, 2019
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
Enthronement contributions andexpenses
Clergy Laity Congress
Disaster 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 forgivenessMetropolises' shareNet
Changes in Net Assets
Net Assets (Deficit), beginning of period
Net Assets (Deficit), end of period

5,070,833
261,907-$116,243
71,254-

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

11,6182,500(920,732)

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

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

1,706,297
1,706,297
6,851,913$(484,671)(484,671)
1,291,570
806,899 $117,438
126,032-$
1,487,307
1,275,758
175,000(54,964)2,500(909,114)

38,3092,500
51,6922,500
90,001

38,512537,939889,251(52,539)
61,79819,731
7,443,882

109,070
54,3091,738,570
12,845,315(24,501)(1,738,570)
1,174,222(24,501)
109,070
54,30914,019,537

1,000,000
23,406
2,675,051
16,680,294

67,759(2,675,051)
1,235,935

2,653,068

29,1194,118,941
3,300,368
1,171,709
945,079
1,041,108

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

22,7205,145,616

5,070,833
1,489,881
1,290,758
175,000
116,243
71,254
107,537

10,296,881
364,706-$

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

10,296,881
1,852,013
1,275,758
175,000
117,438
126,032(54,964)

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

10,882,479
390,296
1,452,277
218,273-$

1,518,437
786,600
111,000-$

10,882,479
1,908,733
786,600
111,000
1,452,277
218,273-

22,335,894
319,194
80,493-$3,002,578
789,100$

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

537,939927,763

48,156

540,639
1,621,516

540,639
1,669,672

67,7591,000,000
23,406
17,916,229

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

78,206

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

4,118,941
3,300,368
1,171,709
945,079
1,041,108

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

53,669-53,669105,127(3,287,641)
2,980,398-

7,137,1396,886,636
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

732,223
11,363,097-732,223
11,363,097

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

3,938,299
3,938,299
15,301,396-

3,938,299
3,938,299
15,301,396

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

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

591,969
591,969
16,042,837
16,634,806(764,104)
2,487,323(1,000,000)
1,487,323
723,219
1,291,570
2,014,789 $

410,118
2,487,323(1,000,000)
1,487,323
1,897,441
16,042,837
17,940,278

1,378,898
1,378,898(1,002,187)
376,711 $2,614,833
2,614,833
10,768,682
13,383,515

2,293,757
2,293,757(1,002,187)
1,291,570 $1,076,640
1,076,640
14,751,267
15,827,907$$

1,174,222
1,174,222
14,751,267
15,925,489$$

1,235,935
1,235,935
11,770,869
13,006,804$$

2,980,398
2,980,398
11,770,869
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)

Cash Flows from Operating Activities
Changes in net assets
Adjustments to reconcile changes in net assets to net cash
provided by operating activities:
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
Grants payable
Due to related entities
Pension and other accrued retirement benefits
Net Cash Provided by (Used in) Operating Activities

Three Months
Ended March31, 2020

Six Months
Ended June 30,
2020

Six Months
Ended June 30,
2019Year Ended
December 31,
2019$$$$591,969

1,897,441

2,614,833

5,274,155

64,854
10,933
953,61752,539(2,487,323)
136,560
21,76926,45024,501

128,171
36,306(831,847)(67,760)

248,546
58,704(1,481,506)(78,206)(6,813)(1,074,479)(8,335)(221,297)
8,940
116,670(226,078)
2,094,911(19,968)
39,7672,377,230

43,353(1,059,429)
24,759(154,505)
207,634(18,004)(287,853)
1,249,314(38,056)
151,657(261,732)(699)(736,888)
63,420(115,145)
220(254,788)(470,916)(433,708)
1,622,185
285,313(18,608)
954,105
2,774,194(46,690)(26,709)
183,734(115,146)
34,654(539,056)(248,699)(665,522)
24,128(17,207)
270,954
2,876,134

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(2,251,581)
2,672,340(57,432)
363,327(7,591,721)
7,972,893(57,432)
323,740(2,703,542)
2,379,717(52,388)(376,213)(10,177,799)
9,862,300(101,473)(416,972)

Cash Flows from Financing Activities
Proceeds from loans
Payments on loans
Net Cash Used in (Provided by) Financing Activities(46,518)(46,518)

2,487,323(92,932)
2,394,391(2,089,641)(2,089,641)(2,180,591)(2,180,591)$

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

308,340
2,744,009
3,052,349$

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

111,578$

146,314$259,889

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

Additional Cash Flow Information
Interest paid

$56,041

page 4
Greek Orthodox Archdiocese of America
Schedule of Restricted Cash and Cash Equivalents(Unaudited)

Clergy-Laity Congress
Patriarchal Visit
Leadership 100
Lilly Endowment
Archbishop Demetrios Benevolent Fund
Archbishop Benevolence 2

March 31, 2020

June 30, 2020

June 30, 2019

December 31, 2019

$

$

$

$

226,481
225,523
1,734,652
1,145,581
41,898$ 3,374,134

82,758210,975
1,672,178
1,063,472
21,898$ 3,051,280

1,107,659
457,296$ 1,564,955

121,952
1,027,999
1,245,687
48,626$ 2,444,265