SMHA Fiscal Overview

During 2009, 88.7% of Southern Mutual's total budget was used to fund programs and initiatives, with 11.3% used for general administration and fund raising. SMHA received a "clean" audit for 2009 as it has for each of its 40-plus years of operation.

SMHA's total assets as of year-end 2009 were $12,667,150 with net assets of $6,015,198.

REVENUES 2009
Grants	$	1,214,102	55.6%
Contributions		361,023	16.5%
Events and Misc. Revenue		39,465	1.8%
Earned Income		570,883	26.1%
TOTAL	$	2,185,473

Major Funders of SMHA's Work

Major funders of SMHA's work during 2009 include the Mary Reynolds Babcock Foundation, the Marguerite Casey Foundation, the Ford Foundation, Oxfam America, the F. B. Heron Foundation, IBERIABANK, and LISC/Rural LISC. SMHA also has $4.6 million in low-interest investments from religious congregations and socially responsible investors across the country.


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