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.


Advertisement


Low Cost Accounting Software Support

Provider of low cost support, consulting, training and custom report writing for MAS 90, MAS 200 and MAS 500 accounting software systems. Call us toll free at 1-866-762-3990 to learn how we can help. http://www.saveonsupport.com


“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.”

You may like these other stories...

IRS Commissioner John Koskinen said last week that critics of a new form intended to speed small charities through the application process for tax-exempt status are “wrong for several reasons” and that the form...
A new form introduced by the IRS on Tuesday is expected to help speed up the approval process for small charities and nonprofit groups that have applied for 501(c)(3) tax-exempt status.The new Form 1023-EZ, Streamlined...
Accountants are  always welcome members on the boards of nonprofits, thanks to their experience with business and finance. It's a chance for accountants to do some good works, but it's also an opportunity to...

Already a member? log in here.

Upcoming CPE Webinars

Sep 24
In this jam-packed presentation Excel expert David Ringstrom, CPA will give you a crash-course in creating spreadsheet-based dashboards. A dashboard condenses large amounts of data into a compact space, yet enables the end user to easily drill down into details when warranted.
Sep 30
This webcast will include discussions of important issues in SSARS No. 19 and the current status of proposed changes by the Accounting and Review Services Committee in these statements.
Oct 21
Kristen Rampe will share how to speak and write more effectively by understanding your own and your audience's communication style.
Oct 23
Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.