CYMA Announces $2.5 Million Software Grant Program
CYMA Systems Inc. of Tempe, Ariz., has announced a grant program for charitable organizations. Under the grant program, CYMA, a leading developer of not-for-profit accounting software, will provide a grant of over $2,700 in accounting software to qualifying 501(c)(3) organizations. The program is limited to 500 recipients and applications must be received by December 31, 2006.
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“CYMA is proud of our association with the thousands of not-for-profit organizations who use our accounting software,” Shelia Merryman, CYMA Vice President of Operations said in a prepared statement. “We know that many charitable organizations who could benefit from a sophisticated accounting system like ours are strapped for operating funds due to reduced contributions and this is our way of helping.”
Under the terms of the grant program, grant proceeds are used to acquire CYMA not-for-profit accounting software and third party software from Pervasive Software and Systems Union Group. Approved non-profits will receive two user bundled versions of the CYMAIV Not-for-Profit Edition accounting system. Valued at $4,746.60, the bundle includes a System Manager, General Ledger, Accounts Payable, Payroll, Grant Tracking, third party software, and a yearly subscription for software updates. The CYMA grant program provided a $2,751.60 credit towards the total purchase, meaning the organizations must pay $1,995 for the bundle. To qualify, the organization must provide proof of the 501(c)(3) status, demonstrate that they meet revenue/operating budget provisions of the grant program and submit a grant request found on the CYMA web site at www.cyma.com/nfpgrant.
“Our goal is to assist as many small charitable organizations as possible,” Merryman said. “Proper not-for-profit accounting, especially in a fund-raising environment, requires a sophisticated accounting system. Many smaller organizations are using inexpensive ‘off-the-shelf’ systems that really aren’t suited for the financial reporting demands required by law. But they just can’t afford anything else. That’s where our grant program comes in.”
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