SMHA Fiscal Overview

During 2011, 93 percent of Southern Mutual's total budget was used to fund programs and initiatives, with 7 percent used for general administration and fund raising. SMHA received a "clean" audit for 2011 as it has for each of its 43 years of operation.

SMHA's total assets as of year-end 2011 were $11,982,103 with net assets of $6,281,545.

REVENUES 2011
Grants	$	1,822,936
Contributions		414,635
Events and Misc. Revenue		36,368
Earned Income		231,761
TOTAL	$	2,505,700

Major Funders of SMHA's Work

Major funders of SMHA's work during 2011 include the Mary Reynolds Babcock Foundation, Marguerite Casey Foundation, Community Foundation of Acadiana's Fund for Gulf Communities, Foundation for the Mid South, Hearst Foundation, F. B. Heron Foundation, LISC/Rural LISC, NeighborWorks® America, and the Open Society Foundations. SMHA also has $4.8 million in low-interest investments from religious congregations and socially responsible investors across the country.


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