Page 1 of 2

Greek Orthodox Archdiocese of America
Comparison of Budget and Actual
Nine Months Ended September 30, 2021
Budget
Allocated toQuarters 1 to 3
AnnualRevenue
Parish Total Commitment Program
Total Commitment Revenue
Total Commitment Sharing for Metropolis
Metropolis TC Sharing reduction
Foundation Grant
Unrestricted Gifts, excluding Bequests
Bequests
Revenue Enhancements
Investment Income - net
PPP2 Loan (forgiven)
Praesidium refund
Other Income
Total Revenues
Expenses
Ecumenical Patriarchate
Holy Cross / Hellenic College
Assembly of Canonical Orthodox Bishops/ OCMC
Subtotal
Metropolis Payroll, Payroll Tax, Liability Ins and Benefits
GOA Ministries/Departments/Offices
Administration & General Services
Communications
Marriage and Family - Center for Family Care
Greek Education
Ionian Village
Mission Church expansion/St. Photios
Parish Software
Public Relations
Registry
Religious Education
Stewardship, Outreach and Evangelism
Subtotal - GOA Ministries/Departments
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 - annual accrual
Youth & Youth Safety
Subtotal - GOA Ministries/Departments/Offices$ 22,660,000(426,100)
250,000
1,200,000
250,000$ 16,995,000(319,575)
187,500
900,000
187,500

349,000-261,750-$ 24,282,900$

1,518,000
3,500,000
25,0005,043,000
6,573,900
530,000
425,000
343,000
250,000
155,000
12,000360,000
1,000
405,000
250,000
2,731,000
481,000
288,000
720,000
650,000
615,000
777,000
254,000
425,000
100,000
100,000
300,000
520,000
7,961,000

Actual(rounded)$ 17,110,349(225,840)

Variance:
Favorable(Unfavorable)$$ 18,212,175

1,250,000
47,207940,000
24,644
1,915,000
45,450122,990$ 21,229,800

$

$

$

$

1,138,500
2,625,000
18,7503,782,250
4,930,425
397,500
318,750
257,250
187,500
116,250
9,000
270,000750
303,750
187,500
2,048,250
360,750
216,000
540,000
487,500
461,250
582,750
190,500
318,750
75,00075,000225,000
390,000
5,970,750

1,146,000
2,618,719
3,764,719
4,729,140
413,121
254,836
229,676
176,349
72,009124,280
2,545
238,511750
314,473
152,749
1,979,300
291,967
156,540
542,673
488,625
315,725
567,485
166,576
303,02236,056
9,799
279,936
296,349
5,434,053

115,349(93,765)
350,000(140,293)
940,000(261,750)
24,644
1,915,000
45,450122,9903,017,625(7,500)6,281
18,75017,531
201,285(15,621)63,91427,574
11,151(72,009)(8,030)6,455
31,489(10,723)
34,751
68,95068,78359,460(2,673)(1,125)145,525
15,26523,924
15,72838,94465,201(54,936)
93,651
536,697

Page 2 of 2

Greek Orthodox Archdiocese of America
Comparison of Budget and Actual
Nine Months Ended September 30, 2021
Budget
Allocated toQuarters 1 to 3AnnualOperating expenses 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
Insurance Allocated to Metropolises
Utilities, Telephone, Postage, Printing
Legal, Audit & Contract Services
Sub-total
Additional pension plan contribution
Depreciation
Interest on loans
Amortization of loan costs
Legal and General Costs - Contingencies
Total Expenses

750,000(750,000)
100,000
440,000
1,700,000(850,000)
350,000
500,0002,240,000
1,000,000
240,000
225,000
1,000,000$ 24,282,900

562,500(562,500)
75,000330,000
1,275,000(637,500)
262,500
375,000
1,680,000
750,000
180,000
168,750750,000$ 18,212,175

Excess of Revenue over Expenses
Capital Budget
Building improvements
Principal payments
Less Depreciation
Retired Bishop Payments
Accrual for Bishop retirement fund
Capital budget needs$$

190,000(240,000)
410,000(225,000)
135,000$$

142,500(180,000)
307,500(168,750)
101,250

Actual(rounded)

Variance:
Favorable(Unfavorable)

1,260.00
469,443
415,392

73,740(139,443)
222,108

155,668
219,245
1,261,007.83
751,400
206,561
160,420
31,297433,991$ 16,772,589$

106,832
155,755
418,992(1,400)(26,561)
8,330(31,297)
316,0091,439,586$

4,457,211$

4,457,211$

146,652(206,561)
262,975(279,936)(76,870)$(4,152)
26,561
44,525111,186
178,120$