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Greek Orthodox Archdiocese of America
Adopted Budgets for 2018 and 2019 andBudget‐to‐Actual Comparison for the Nine Months Ended September 30, 2019Revenue
Parish Total Commitment Program
Metropolis Total Commitment sharing
Foundation Grant
Sale of Donated Property
Unrestricted Gifts
Other Income ‐ General Services
Other Income
Enthronement and luncheon 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
Clergy Laity Congress
Communications(net of revenue)
Correspondence
Development
Ecumenical(net of revenue)
Eparchial Synod & Archives
Marriage and Family
Finance
Greek Education(net of revenue)
Information Technology
Internet Ministries(net of revenue)
Ionian Village(net of revenue)
Office of the Archbishop(net of revenue)
Office of the Archbishop ‐ Benevolence and Philanthropy, net
Office of the Chancellor(net of revenue)
Orthodox Observer(net of revenue)
Parish Software

2018 Budget(Annual)

2019 Budget(Annual)2019 Budget(Nine Months)

Actual(Nine Months)

Variance:
Favorable(Unfavorable)$ 22,000,000$ 22,006,884$ 16,505,163$ 16,442,329$(800,000)
1,200,000
350,000‐‐‐(800,000)
1,200,000
240,000
250,000‐‐(600,000)
900,000
180,000
187,500‐‐‐
22,750,000‐
22,896,884‐
17,172,663(622,500)
1,200,000‐
40,870754
1,076,816(10,000)
46,91018,175,180(22,500)
300,000(180,000)(146,630)
754
1,076,816(10,000)
46,9101,002,517

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

1,250,000
1,250,000‐
125,000
5,919,394
165,000
15,000937,500
937,500‐
93,7504,439,546
123,750
11,250942,000
1,500,000‐
77,157
4,448,624‐
10,725(4,500)(562,500) (A)‐16,593(9,078)
123,750525

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

419,400‐‐
222,225
142,200
213,075
296,625
231,638

459,179
238,416214
165,639‐‐
275,420
256,844(39,779)(238,416)(214)
56,586142,200
213,075
21,205(25,206)

340,275
485,775
176,513665,100351,675
140,550
637,455‐
258,975
381,300
107,250

332,091
520,490
93,801
508,066
334,173(249,445)
568,560
173,556
188,555
316,367
113,5118,184(34,715)
82,712
157,035
17,502389,995
68,895(173,556)
70,42064,933(6,261)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(62,834)

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Greek Orthodox Archdiocese of America
Adopted Budgets for 2018 and 2019 andBudget‐to‐Actual Comparison for the Nine Months Ended September 30, 20192018 Budget(Annual)2019 Budget(Annual)2019 Budget(Nine Months)

Actual(Nine Months)

Variance:
Favorable(Unfavorable)

80,00055,000282,800
96,300723,400
300,000
284,800
529,800
8,636,000

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

75,00075,000246,825
23,250517,500
268,425
252,825
379,275
6,908,130

37,583
2,538
234,137
49,232
679,861
682,346
198,894
324,957
6,504,982

37,417
72,463
12,688(25,982)(162,361)(413,921)
53,931
54,318403,14852,988

52,754

233
168,732(40,161)
340,799
180,414Pre‐ordination evaluation
Philanthropy & Clergy Assistance
Public Relations
Registry
Religious Education(net of revenue)
Retired & unassigned Bishops
Stewardship, Outreach and Evangelism (net of revenue)
Youth
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 ExpensesProperty and Liability Insurance
Reimbursements from affiliates for payroll and related expenses
Utilities, 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
Depreciation
Amortization of Loan Costs
Enthronement and luncheon
Contributions raised for St. Nicholas
Enthronement and luncheon 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$

905,000

708,600(825,000)
300,000
215,000
635,000
1,100,000‐
348,000
565,000‐
1,686,000
215,000
1,000,000‐‐(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‐‐

225,000
90,000420,000
510,750‐
56,268130,161
79,201
330,336

262,500
416,250
375,000
225,000
393,750750,000‐‐

208,634
313,832
877,000‐
194,029
10,651
187,500
47,55353,866
102,418(502,000) (B)
225,000
199,721739,349(187,500)(47,553)

22,750,000‐‐
22,896,884‐‐
17,172,663

260,313‐
16,231,720(260,313)‐
940,943

1,943,459(386,637)
1,556,823

1,943,459(386,637)
1,556,823

‐

$

‐

$

‐
$$(A) In July 2019, the contribution to Hellenic College was increased to provide for an additional commitment of up to $1.5 million to cover operating deficit during the school year ending June30, 2020.
(B) The additional pension contribution was increased to $1.0 million due to additional sources in 2019, consistent with the 2018 Clergy Laity Congress resolution.