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
Line of credit loan
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$$$Commitments and Contingencies
Net Assets (Deficit)
Withour donor restrictions
With donor restrictions
Total Net Assets
Total Liabilities and Net Assets

March 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$

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

$

$

-

$

815,855
15,818,951
16,634,806
29,763,734

December 31, 2019869,567
1,643,234
125,941
92,307
908,663
10,048,422
625,7392,927,388
142,905
132,967
5,346,080
590,219
2,723,248
26,176,680$

1,111,494
761,773
1,644,887
799,031
25,00074,36755,9005,184,064
2,136,215
2,723,235
14,515,966

$

$

-

$

(601,383)
12,262,097
11,660,714
26,176,680

578,315
2,444,265
136,821
120,571936,819
11,237,187434,128
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-$

1,300,526
14,742,311
16,042,837
28,376,323

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, netInvestment 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 Donor
Restrictions
Restrictions
Total

Three Months Ended March 31, 2019
Without Donor
With Donor
Restrictions
Restrictions
Total

Year Ended December 31, 2019
Without Donor
With Donor
Restrictions
Restrictions
Total

$$

$ 22,335,894 $
319,194
80,493-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
Net Assets (Deficit), beginning of year
Net Assets (Deficit), end of year

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

1,227,974
1,190,758
275,000
107,537$

5,070,833
1,489,881
1,190,758
275,000
116,243
71,254
107,537

5,489,965 $
127,422
346,394
114,935-$
22,510-11,6182,500(920,732)

2,500(909,114)

20,802654,782

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

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

5,489,965
149,932
346,394
114,935-$ 22,335,894
3,002,578
3,321,772
80,493
789,100
789,100

2,480,286
426,779-

111,000
125,000

111,000
2,480,286
426,779
125,000

675,584

57,112

540,639
1,612,560

540,639
1,669,672

49,594

49,59478,206

6,695
235,658
6,341,871(235,658)
491,228

6,695
6,833,099

1,485,276
154,759
3,287,641
30,627,434

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

1,035,742
1,636,415
573,942
333,708
474,666-

1,035,742
1,636,415
573,942
333,708
393,855

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

27,179-27,179105,127

13,051
4,094,703-

13,051
4,013,892

744,692
1,359
126,000
21,574,704(3,287,641)
2,971,442

66,701
1,399,068
1,579,624
672,959
343,939
1,127,306
22,7205,145,616$-

1,706,297
1,706,297
6,851,913(484,671)
1,076,640
1,300,526
14,742,311
815,855 $ 15,818,951

22,7205,145,616

1,706,297
1,706,297
6,851,913
591,969
16,042,837$ 16,634,806$

1,845,519
1,926,330
845
845
1,846,364
1,927,175
5,941,067
5,941,067
400,804
491,228
892,032(1,002,187)
11,770,869
10,768,682(601,383) $ 12,262,097 $ 11,660,714-

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

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

6,750,017
6,750,017
6,750,017
6,750,01728,324,721
28,324,721
2,302,713
2,971,442
5,274,155(1,002,187)
11,770,869
10,768,682$ 1,300,526 $ 14,742,311 $ 16,042,837

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:
Contribution 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 liabilitiesAccounts 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,
2020

Three Months
Ended March 31,
2019

$

$

591,969

892,032

Year Ended
December 31,
2019$5,274,155

64,854
10,933
953,61752,53962,5004,475(623,464)(49,594)

40,000248,546
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(35,810)
1,555(7,877)(78,638)(25,209)(30,840)(194,988)(508,864)
1,542,653
25,00019,091
55,9001,047,922(46,690)(26,709)
183,734(115,146)
34,654(539,056)(248,699)(665,522)
24,128(17,207)
270,954
2,916,134

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(1,199,493)
1,214,717(10,917)
4,307(10,177,799)
9,862,300(141,473)(456,972)

Cash Flows from Financing Activities
Payments on loans
Net Cash Used in (Provided by) Financing Activities(46,518)(46,518)(1,283,437)(1,283,437)(2,180,591)(2,180,591)(231,208)
2,744,009
2,512,801$

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

83,917$

259,889

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

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

Additional Cash Flow Information
Interest paid$

56,041$