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Greek Orthodox Archdiocese of America
Budget-to-Actual Comparison
For the Nine Months Ended September 30, 2020
Nine Months
2020 Budget

Nine Months
2020 ActualVarianceFav (Unfav)$ 16,995,000(675,000)
900,000
180,000
187,500
131,250
17,718,750$ 15,551,508(125,052)$ (1,443,492)
549,9482,487,323(122,743)
1,200,000
143,112225,320704
48,013
122,697
52,10894,043
19,677,033

2,487,323(122,743)
300,000(36,888)
37,820(131,250)
704
48,013
122,697
52,10894,043
1,958,283

1,138,500
1,625,000
4,695,259
20,000250,000(122,509)(1,250)502,000
304,000
343,000
150,000
185,000
190,000
358,000
156,000
360,000
31,000617,000
343,000
3,539,000

1,138,500
1,875,000
4,572,750
18,750376,500
228,000
257,250
112,500
138,750
142,500
268,500
117,000
270,000
23,250462,750
257,250
2,654,250

363,054
390,379
221,496
100,634
151,620292,277
94,674
94,373
236,393
16,930361,618
178,476
2,501,924

13,446(162,379)
35,754
11,866(12,870)(149,777)
173,826
22,62733,607
6,320
101,132
78,774
152,326

432,000
330,000
705,000
1,000,000
580,000
777,000
154,000
345,000
100,000
100,000
150,000
599,000
8,811,000

324,000
247,500
528,750750,000
435,000
582,750
115,500
258,750
75,00075,000112,500
449,250
6,608,250(3,860)269,007
227,402552,099
616,876
307,039
610,634
113,442
316,651
78,22926,337
330,500
332,765
6,279,045

3,860
54,99320,098(23,349)
133,124
127,961(27,884)
2,058(57,901)(3,229)48,663(218,000)
116,485
329,2052020 Budget
Revenues
Parish Total Commitment Program
Metropolis Total Commitment Sharing
PPP loan forgivenessGovernment grant - PPP loan forgiveness
Share of other entities
Foundation Grant
Sale of Donated Property
Unrestricted Gifts
Youth Dept. Commitment
Chapel - Other Income
Prior-year restricted contributions released during the period
Insurance proceeds
Investment Income
Other Income - Other Income
Total Revenues
Uses
Ecumenical Patriarchate
Holy Cross/Hellenic College
Metropolis Payroll, Payroll Tax, Benefits, Insurance and Others
Assembly of Canonical Orthodox Bishops/OCMC
GOA Ministries/Departments
Administration & General Services
Communications
Marriage and Family
Mission Church expansion (St. Photios Shrine)
Greek Education
Ionian Village
Orthodox Observer
Parish Software
Public Relations
Registry
Religious Education
Stewardship, Outreach and Evangelism
Subtotal GOA/Ministries/Departments
Clergy Laity Congress
Ecumenical
Eparchial Synod & Archives
Finance
Information TechnologyInternet Ministries
Office of the Archbishop
Correspondence
Office of the Chancellor
Philanthropy & Clergy AssistancePre-ordination evaluation
Retired & unassigned bishops
Youth
Subtotal GOA/Ministries/Departments and Offices$ 22,660,000(900,000)
1,200,000
240,000
250,000
175,000
23,625,000

1,518,000
2,500,000
6,097,000
25,000page 2
Greek Orthodox Archdiocese of America
Budget-to-Actual Comparison
For the Nine Months Ended September 30, 2020
Operating expense and affiliate support services
Affiliates and other GOA Payroll, Payroll Tax and Benefits
Reimbursements from affiliates
Archdiocesan Council, Committee, & Synodal Meetings
Maintenance, Leases, & Other General Expenses
Property and Liability Insurance, net of allocation to Metropolises
Utilities, Telephone, Postage, and Printing
Legal, Audit & Contract Services
Hellenic Center
Additional pension plan payment
Interest on loans
General & Legal Contingencies
Depreciation
Amortization of Loan Costs
Restructuring costs
Total Uses
Excess of Revenues over Uses
Deduct Cathedral Fund Appropriations
Net Excess
Capital Budget (Estimated cash needs outside of operating budget)
Cash needs
Principal payment on mortgage
Building improvements
Retired bishop payments (4 Bishops)

750,000(750,000)
100,000
440,000
750,000
350,000
450,000
64,0001,000,000
280,000
1,000,000
240,000
23,625,000$$

Portion raised from operating budget through:Depreciation
Accrual for retired bishops' supplemental benefits
Net cash needs$-

190,000
100,000
410,000
700,000(240,000)(150,000)(390,000)
310,000

562,500(562,500)
75,000330,000
562,500
262,500
337,500
48,000750,000
210,000
750,000
180,000
17,718,750

$

$

$

-

142,500
75,000307,500
525,000(180,000)(112,500)(292,500)
232,500$$

970,482(970,482)
7,174
339,814602,204
152,295
452,500
47,4601,000,000
167,217
99,560
194,000
32,624
266,521
17,119,173(407,982)
407,982
67,826(9,814)(39,704)
110,205(115,000)
540(250,000)
42,783
650,440(14,000)(32,624)(266,521)
599,577

2,557,860(600,000)
1,957,860

2,557,860(600,000)$ 1,957,860

139,857
59,578314,081513,516(194,000)(330,500)(524,500)
N/A

$

$

2,643
15,422(6,581)
11,484n/an/a