What FUND E-Z Development Corporation does

Fund E-Z Development Corporation is a privately held, bootstrapped software company founded in 1994 and headquartered in White Plains, New York, that develops Fund EZ, a Windows-native fund accounting platform purpose-built for nonprofit organizations. The core product delivers fund, grant, and cost-center accounting constructs (including a multi-segment chart of accounts, direct/indirect allocations, and FASB ASU 2016-14 reporting) that standard bookkeeping software does not provide, and is sold as a perpetual on-premise license or via Fund EZ Hosted, a cloud deployment on Microsoft Azure. The platform is extended by optional add-on modules covering fundraising and donor management, fixed-asset depreciation, HIPAA-compliant Medicaid billing (837I/837P, 835 remittances), and specialized foster care accounting for New York and Pennsylvania agencies, with technology built on .NET 4.6+ and SQL Server/SQL Express backends.

The company sells exclusively through direct sales (phone and demo), with no resellers or channel partners, and uses a consultative needs-assessment motion that issues customized quotes based on concurrent user licenses, modules, and database requirements. Revenue is generated through perpetual software licenses, an annual maintenance agreement starting at $495/year that bundles upgrades, telephone support, and remote PC access, instructor-led online training at $295 per person per class, and recurring cloud-hosting fees for Fund EZ Hosted. Key integrations include AvidXchange for electronic Bill Pay, NELCO for compatible preprinted forms, Positive Pay file generation, and Microsoft Excel/CSV import-export.

Fund EZ claims thousands of nonprofit customers across general nonprofits, Medicaid-funded human services organizations, and NY/PA foster care agencies, supported by 11-50 employees with no external funding, no acquisitions, and no leadership changes documented. The firm has operated continuously for 30+ years and continues to ship platform updates (Version 14 released in 2026), suggesting a stable, niche-focused business without significant scaling momentum.

Name

FUND E-Z Development Corporation

Legal name

Fund EZ Development Corporation

Website

https://fundez.com

Company type

Private

Founded year

1994

Operating status

Operating

Headcount range

11–50 employees

Short description

Fund E-Z Development Corporation builds Fund EZ, a Windows-native fund accounting software platform for nonprofit organizations, offering perpetual licensing, cloud hosting on Azure, and add-on modules for fundraising, Medicaid billing, and foster care agencies.

Ownership category

akta.pro rank

Product category

Nonprofit Fund Accounting Software

akta.pro primary industry

Fund Services & NAV Support (Fund Accounting Interfaces) (FSAFALAJ)

Keywords

• Nonprofit fund accounting
• Fund accounting software
• Donor management software
• Medicaid billing software
• Foster care accounting

Headquarters

HQ city

White Plains

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Software Licenses (Perpetual): Fund EZ sells perpetual software licenses (single-user and multi-user/network). Customers purchase the software outright and own the license. Multi-user licensing covers concurrent users as specified at purchase.
2. Annual Maintenance: Annual maintenance agreement (required for support) running for 12 months, covering version 10 or above. Includes software upgrades, revisions, unlimited telephone assistance, and free access to Fund EZ support center with remote PC access capability. Cost starts at $495.00 per year.
3. Training Services: Online instructor-led training at $295 per person per class (4 hours, two sessions). Group rates available. On-site training for implementation, in-house classroom training, chart of accounts configuration, and custom reporting development.
4. Add-On Modules: Optional add-on modules including Fund EZ PRO, Fund EZ Hosted (cloud), Fixed Assets, Fundraising, Medicaid Billing, and Foster Care. Each is sold as an additional module/license on top of the base Fund EZ accounting platform.
5. Cloud Hosting (Fund EZ Hosted): Cloud-based hosted solution with managed and maintained software, continuous data protection, automatic version upgrades, data security, and support helpdesk. Provided via Microsoft Azure infrastructure.

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels7 records

Core offering

Fund EZ is a purpose-built fund accounting software platform for nonprofit organizations, providing general ledger, bank reconciliation, budgeting, accounts payable/receivable, purchase orders, encumbrances, direct and indirect allocations, and custom reporting. The core platform is sold via perpetual license with optional add-on modules for fundraising, fixed assets, HIPAA-compliant Medicaid billing, and NY/PA foster care billing, plus a cloud-hosted deployment option (Fund EZ Hosted) and annual maintenance and training services.

Product overview

Fund E-Z Development Corporation offers Fund EZ, a comprehensive fund accounting software platform built specifically for nonprofit organizations. The product architecture consists of a core Fund Accounting platform as the foundation, with several optional add-on modules: Fund EZ PRO (advanced features for complex organizations), Fund EZ Hosted (cloud deployment option), Fund EZ Fundraising (donor and gift management), Fund EZ Fixed Assets (depreciation and asset tracking), Fund EZ Medicaid (HIPAA-compliant billing), and Fund EZ Foster Care (specialized billing for NY/PA foster care agencies). The software supports Windows environments with SQL Server databases, offers both on-premise and cloud-hosted deployment options, and includes instructor-led training services. The company has served nonprofits for over 30 years, positioning Fund EZ as an affordable, purpose-built alternative to generic accounting software.

Differentiator

Problem solved

Functional benefit

Products and services

• Fund EZ Core Fund Accounting Core fund accounting software built specifically for nonprofit organizations, providing general ledger, bank reconciliation, budgeting, accounts payable/receivable, purchase orders, encumbrances, direct/indirect allocations, and custom reporting for organizations with complex cost structures across multiple entities, funds, and programs.
• Fund EZ PRO Advanced add-on module adding a user-definable chart of accounts (up to 10 segments), enhanced custom reporting, batch entry with review, purchasing/encumbrance management, indirect allocations, interfund balancing, auto-offsets, security groups, segment-level security, and company consolidation.
• Fund EZ Hosted Cloud-hosted version of Fund EZ on Microsoft Azure, providing managed and maintained software, guaranteed uptime, continuous data protection, automatic backups, and version upgrades with secure access from anywhere and no local IT maintenance required.
• Fund EZ Fundraising Donor and gift management add-on that can operate standalone or integrate with core Fund EZ Accounting, tracking donors, households, gifts, pledges, campaigns, appeals, and sub-appeals with custom donor fields, mail merge, reports, and full general ledger integration so gifts post as G/L cash receipts and pledges as A/R invoices.
• Fund EZ Fixed Assets Fixed asset accounting module that automates depreciation allocation across complex organizational structures, with asset entry, disposal handling, depreciation suppression for simplified reporting, back-depreciation calculations for mid-life additions, and detailed reporting of asset depreciation.
• Fund EZ Medicaid Billing HIPAA-compliant electronic Medicaid billing system for nonprofit healthcare and human services organizations, creating native 837I and 837P billing files, reading 999 response files and 835 electronic remittances, and auto-creating accounting transactions for billings, payments, adjustments, and voids in Fund EZ Accounting.
• Fund EZ Foster Care Specialized foster care accounting and billing solution for New York and Pennsylvania foster care agencies, tracking each foster child as an A/R client, automating A/P checks to foster parents, coordinating Medicaid claims through Fund EZ Medicaid, and handling retroactive rate adjustments for rebilling.
• Fund EZ Training Instructor-led training courses for Fund EZ customers and prospects, offered online ($295 per person per class, four hours across two sessions, with group rates available) or on-site, covering Accounting 101/201/301, Fundraising 101/201, Medicaid Billing Private Training, chart of accounts configuration, and custom reporting development.
• Fund EZ Maintenance Plan Annual maintenance agreement (12 months, required for support) covering version 10 and above, including software upgrades, revisions, unlimited telephone assistance, and free access to the Fund EZ support center with remote PC access capability, starting at $495 per year.

Quantifiable outcome

• Reduce overhead so nonprofits have more money for programs
• +1 more outcomes

Named customers1 record

Segments3 records

Ideal customer profiles3 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration4 records

Feature15 records

Partnerships

Three partnerships are on record, tiered supporting.

• Microsoft AzuresupportingTechnology or IntegrationMicrosoft Azure provides the cloud infrastructure for Fund EZ Hosted. Cloud clients' hosted instances are backed by Azure with automated, redundant backups and secure remote access for hosted installations.
• NELCOsupportingChannel Partner/ Reseller/ DistributorNELCO is the exclusive provider of Fund EZ-compatible preprinted forms (computer checks, 1099s, 1096s) and envelopes. Fund EZ software code 505 must be specified when ordering to ensure proper processing. Forms are available via NELCO's website or phone (1-800-266-4669).
• AvidXchangesupportingTechnology or IntegrationFund EZ optionally integrates with AvidXchange's Bill Pay service for electronic payment processing through the accounts payable module, allowing nonprofits to pay vendors electronically.

Scale indicators2 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Aplos Software: Aplos is a cloud-native fund accounting platform purpose-built for nonprofits and churches. It directly competes with Fund EZ in the small/mid nonprofit segment on chart of accounts, donor tracking, and online accessibility — Fund EZ's on-prem Windows stack vs. Aplos's browser-based delivery makes them direct competitors for similar buyer profiles.
• MIP Fund Accounting (Community Brands): MIP Fund Accounting is one of the most established on-prem fund accounting products for nonprofits and government entities, marketed heavily to accounting firms. It targets the same use cases as Fund EZ (fund, grant, and allocation accounting) for mid-market nonprofits and is frequently compared head-to-head in nonprofit IT evaluations.
• Serenic Navigator: Serenic builds fund accounting and grant management solutions on Microsoft Dynamics (NAV/Business Central). It serves nonprofits and NGOs with similar fund accounting requirements as Fund EZ and shares a Microsoft technology lineage, making it a directly comparable peer for nonprofit decision-makers in that stack.
• Cougar Mountain Software (Denali Fund Accounting): Cougar Mountain's Denali Fund Accounting targets small and mid-sized nonprofits with on-premise accounting software. It directly overlaps with Fund EZ's feature set (chart of accounts, allocations, modules for nonprofits) and competes for the same on-prem-loving buyer profile.

Broad incumbents

• Blackbaud Financial Edge NXT: Blackbaud's cloud accounting suite for nonprofits is the dominant incumbent in the segment, often bundled with the broader Blackbaud ecosystem (Raiser's Edge, etc.). It competes with Fund EZ across mid-market and larger nonprofits and sets the upper-end benchmark for nonprofit accounting functionality and pricing.
• Sage Intacct for Nonprofits: Sage Intacct is a cloud financial ERP with a dedicated nonprofit edition covering fund accounting, grant tracking, and allocations. It competes with Fund EZ for growing nonprofits and nonprofits that want a broader-than-accounting financial platform, positioning it as a broader incumbent rather than a pure fund accounting specialist.
• Abila (Community Brands): Abila offers a broader nonprofit software suite (fund accounting plus member/CRM-adjacent tools) under Community Brands, frequently going head-to-head with Fund EZ in mid-market RFPs. It's a broader incumbent rather than a pure accounting specialist.
• Microsoft Dynamics 365 Business Central: Dynamics 365 Business Central is a broad ERP platform that some nonprofits adopt (often with third-party ISVs like Serenic) for accounting. It is a broader incumbent option that competes with Fund EZ when nonprofits want a general ERP rather than a purpose-built fund accounting tool.

Emerging players

• QuickBooks Online for Nonprofits: QuickBooks Online is widely adopted by very small nonprofits that may not need true fund accounting. It competes with Fund EZ at the bottom of the market (small nonprofits with simple structures) and represents the price-sensitive entry point that Fund EZ is also targeting.
• Xero for Nonprofits: Xero is a cloud accounting platform with a nonprofit vertical positioning. It overlaps with Fund EZ for small nonprofits and represents an emerging cloud-native alternative in markets where Fund EZ's on-prem stack is a disadvantage.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about FUND E-Z Development Corporation