Southern Mutual Help Association, Inc.
Southern Mutual Help Association, Inc.
Rural Recovery
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Neighbor Works

SMHA 2006 Financials




REVENUES 2006    
Grants $ 4,633,051
Contributions   1,125,708
Earned Income   607,853
Annual Event and Misc.   84,223
TOTAL REVENUES $ 6,450,835




EXPENDITURES 2006    
Program Services $ 3,135,156
Gen. Admin. & Fund Raising   203,394
TOTAL EXPENDITURES $ 3,338,550
Rural Recovery and Other Programmatic Reserves $ 3,112,285


Major Funders of SMHA's Work

GRANTS/GIFTS RECEIVED 2006 ($25,000 and above)  
Louisiana Disaster Recovery Foundation 1,250,000
Marguerite Casey Foundation 800,000
Louisiana Oil & Gas Association 639,783
W. K. Kellogg Foundation 500,000
Community Foundation of Acadiana 289,000
Local Initiatives Support Corporation 212,000
F. B. Heron Foundation 125,000
John D. and Catherine T. MacArthur Foundation 125,000
AmeriCares Foundation 100,000
Evelyn & Walter Haas, Jr. Fund 100,000
Jewish FundS for Justice/Union for Reform Judaism 100,000
Jewish FundS for Justice/UJA Federation of New York 100,000
New York Community Trust 100,000
Associated Black Charities 50,000
Entergy Charitable Foundation 50,000
Fannie Mae Foundation 50,000
Jewish FundS for Justice/Jewish Community Relations Council of Greater Boston 50,000
ASC Foundation 30,000
Leonard C. and Mildred F. Ferguson Foundation 30,000
Fannie Mae Louisiana Community Business Center 25,000
Foundation for the MidSouth 25,000
   
   
SOCIALLY RESPONSIBLE LOANS
FROM RELIGIOUS
CONGREGATIONS /
NON-PROFITS / INDIVIDUALS

(Used for Working Capital and/or Interest Differential Income as well as Acquisition Financing for SMHA’s Teche Ridge subdivision)
$3.3 million
   
IN KIND SUPPORT FOR ORGANIZATIONAL DEVELOPMENT
(Technical Assistance, Training, Volunteer time, Space and/or Funds)

Rural LISC
Coastal Enterprises, Inc.
Inzerella Feldman & Co.
Neighborworks




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Southern Mutual Help Association’s budget for 2006 was $3.3 million, with an additional $3.1 million raised to support SMHA’s Rural Recovery Response to Hurricanes Katrina and Rita and other programs for use in 2007 and 2008.

During 2006, about 94 percent of Southern Mutual’s total budget was used to fund programs and initiatives, with six percent spent on general administration and fund raising.

Southern Mutual has a record of sound financial management as evidenced by the “clean” financial audits it has received for each of its 37-plus years of operation.