Six Months Ended June 30, 2019
Budget‐to‐Actual Comparison
Page 1 of 2

Greek Orthodox Archdiocese of America ‐ Adopted Budgets for 2018 and 2019

Revenue
Parish Total Commitment Program
Metropolis Total Commitment sharing
Foundation Grant
Sale of Donated Property
Unrestricted Gifts
Chapel ‐ Other Income
Other Income ‐ General Services
Other Income ‐ Total Commitment
Other Income ‐ Other Income
Other Income
Enthronement contributions
Investment Income
Total Revenues
Uses
Ecumenical Patriarchate
Holy Cross / Hellenic College
ST Nicholas Church & National Shrine Grant
St Nicholas Fundraising support
Metropolis Payroll, Payroll Tax, and Benefits
Metropolis Minimum support increase
Assembly of Canonical Orthodox Bishops/ OCMCGOA Ministries/Departments/Offices
Administration & General Services
Cathedral Fund Appropriation
Communications(net of revenue of $240,000 in each year)
Correspondence
Development
Ecumenical
Eparchial Synod & Archives
Marriage and Family(net of revenue of $22,000)
Finance
Greek Education(net of revenue of $55,000 in 2018 and $20,000 in 2019)
Information Technology
Internet Ministries(net of revenue of $55,000 in 2018 and $30,000 in 2019)
Ionian Village(net of revenue of $1,900,000 in 2018 and 1930,000 in 2019)
Office of the Archbishop(net of restricted revenue of $280,000 in 2018)
Office of the Archbishop ‐ Benevolence and Philanthropy, net
Office of the Chancellor(net of revenue of $3000 in 2018)
Orthodox Observer(net of revenue of $100,000 in 2018 and $60,000 in 2019)
Parish Software
Pre‐ordination evaluation
Philanthropy & Clergy Assistance(net of revenue of $25,000 in 2018)2018 Budget

2019 Budget$ 22,000,000(800,000)
1,200,000
350,000
‐
‐
‐
‐
‐
‐

$ 22,006,884(800,000)
1,200,000
240,000
250,000‐‐‐‐‐$ 11,003,442$(400,000)$
600,000$
120,000$
125,000‐‐‐‐‐‐
22,750,000‐
22,896,884‐
11,448,442$ 10,882,479(415,000)
1,200,000‐
82,796
1,918
4,976
(90)
1,000,900
20,588943,232
38,512
13,760,310

1,000,000
1,000,000
170,000

1,250,000
1,250,000‐
125,000
5,919,394
165,000
15,000$$$$625,000
625,000‐
62,5002,959,697
82,5007,500

590,632
949,398‐
53,4932,812,357‐‐

34,368(324,398)‐
9,008
147,340
82,5007,500

559,200‐
296,300
189,600
284,100
395,500
308,850
453,700
647,700
235,350
886,800
468,900
187,400
849,940‐345,300
508,400
143,000
100,000
100,000

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

279,600‐
148,150
94,800142,050
197,750
154,425
226,850
323,850
117,675
443,400
234,450
93,700424,970‐
172,650
254,200
71,50050,00050,000881,334
238,416
183,860
4,947
845
170,395
170,215
213,765
287,478
73,965
318,808
222,484(11,990)523,19744,500174,836
298,360
68,25019,314
154,414(601,734)(238,416)(35,710)89,853
141,205
27,355(15,790)
13,08536,372
43,710124,592
11,966105,690(98,227)(44,500)(2,186)(44,160)
3,250
30,686(104,414)

5,790,000
10,000438,400‐
275,000
186,600
447,400
294,800
450,400
645,000
240,800
880,600
437,900(21,600)
754,600‐
353,400
417,800
182,800
80,00055,000$$

Actual(Six Months)

Variance:
Favorable(Unfavorable)

First Half 2019
Budget$(120,963)(15,000)
600,000(120,000)(42,204)
1,918
4,976
(90)
1,000,900
20,588943,232
38,512
2,311,868

Six Months Ended June 30, 2019
Budget‐to‐Actual Comparison
Page 2 of 2

Greek Orthodox Archdiocese of America ‐ Adopted Budgets for 2018 and 20192018 Budget

2019 Budget

282,800
96,300723,400
300,000
284,800
529,800
8,636,000

329,100
31,000690,000
357,900
337,100
505,700
9,210,840

905,000(825,000)
300,000
215,000
635,000
1,100,000‐
348,000
565,000‐
1,686,000
215,000
1,000,000‐‐‐

708,600(637,950)
300,000
120,000
560,000
1,350,000(669,000)
350,000
555,000
500,000
300,000
525,000
1,000,000‐‐‐

Public Relations(net of revenue of $40,000 in 2018)
Registry(net of revenue of $20,000 in 2018)
Religious Education(net of revenue of $400,000 in 2018 and $560,000 in 2019)
Retired & unassigned Bishops
Stewardship, Outreach and Evangelism
Youth(net of revenue of $60,000 in 2018 and 114,400 in 2019)
Subtotal GOA Ministries/Departments/Offices
Operating expenses and affiliate support services
Affiliates and other GOA Payroll, Payroll Tax, and Benefits
Reimbursements from affiliates for payroll and related expenses
Archdiocesan Council, Committee, & Synodal Meetings
Building Repairs
Maintenance, Leases, & Other General Expenses
Property and Liability Insurance
Reimbursements from affiliates for payroll and related expensesUtilities, Telephone, Postage, Printing
Legal, Audit & Contract Services
Additional pension plan payment
Applied to Past Obligations and Reserves
New Bank loan & Interest payments
General and Legal Contingencies
DRE Expenses
Depreciation
Amortization of Loan Costs
Enthronement
Contributions raised for St. Nicholas
Enthronement expenses
Total Uses
Surplus (Deficit) before transfer of Archbishop's Benevolent Fund
Archbishop's Benevolent Fund transferred to Trakatellis Fellowship Fund
Change in net assets without donor restrictions

22,750,000$‐Actual(Six Months)

Variance:
Favorable(Unfavorable)

164,550
15,500345,000
178,950
168,550
252,850
4,605,420

161,370
27,526
463,565
535,158
134,363
193,472
5,552,847

3,180(12,026)(118,565)(356,208)
34,18759,378(947,427)

35,32545,024(9,699)$$$150,000
60,000280,000
340,500

19,162
56,646
118,025
143,605

130,838
3,354
161,975
196,895

$
$
$
$
$
$

175,000
277,500
250,000
150,000
262,500
500,000‐‐‐

99,973
260,114252,000‐
136,378‐(15,522)
125,000
36,30675,027
17,386(2,000)150,000
126,122500,000
15,522(125,000)(36,306)

11,448,442

260,313877,203
12,372,952(260,313)(877,203)(924,510)

1,387,358

1,387,358

First Half 2019
Budget
$$$$$$22,896,884
$

‐

$

‐
$

(386,637)
1,000,721$(386,637)
1,000,721