BryteBridge Expands Nonprofit Services with Foundation Group Acquisition

BryteBridge Group Acquires Foundation Group

In a pivotal move for the nonprofit sector, BryteBridge Group, headquartered in Winter Park, Florida, has announced its acquisition of the Nashville-based Foundation Group. This strategic acquisition aims to bolster the resources and services offered to small and medium-sized nonprofit organizations across the United States.

Overview of the Acquisition

Established in 2004, BryteBridge has become a notable provider in the nonprofit sector. It specializes in services such as accounting, compliance, tax preparation, and formation services for nonprofits. By acquiring Foundation Group, a well-established leader known for its compliance, accounting, and tax services for nonprofits, BryteBridge is set to deepen its expertise and enhance service offerings. Founded in 1995 by Greg McRay, Foundation Group has played a significant role in supporting over 25,000 nonprofit organizations in achieving their tax-exempt status and navigating the complexities of nonprofit regulation and compliance.

A Unique Offering for Nonprofits

The merger of these two organizations creates a robust service and software platform tailored for nonprofits.

As BryteBridge CEO Mike Bryant noted, the integration of Foundation Group brings a wealth of experience and expertise that will significantly enhance the level of support available to clients. The combined resources will enable BryteBridge to provide comprehensive assistance that covers every aspect of nonprofit needs. This includes not only traditional accounting and compliance services but also cutting-edge technology solutions that streamline operations for nonprofit organizations.

The introduction of the Assurance membership program from Foundation Group paired with BryteBridge's Connect membership platform will expand the array of resources and support available. This comprehensive suite aims to address all compliance, accounting, and tax-related matters, positioning BryteBridge as a one-stop resource for nonprofits.

Commitment to Nonprofit Growth

This acquisition comes at a time when the nonprofit sector is increasingly seeking innovative solutions to navigate challenges and operational uncertainties. BryteBridge's enhanced capabilities are aligned with its mission to support mission-driven organizations effectively. The combination of extensive experience, technological advancement, and heightened market visibility is set to redefine how small and medium nonprofits access necessary resources and expert guidance.

BryteBridge’s acquisition also signifies a broader trend of consolidation within the nonprofit support industry, reflecting a growing recognition of the need for integrated solutions that cater to diverse nonprofit needs.

BryteBridge's Expanding Portfolio

With this acquisition, BryteBridge now includes a suite of solutions under its banner — MoneyMinder, Nonprofit Suite, 501c3 Center, and now Foundation Group. Collectively, these platforms have assisted nearly 70,000 nonprofits in establishing and managing their operations, ensuring that they remain compliant while focusing on their core missions.

Response from Leadership

Both organizations' leadership expressed a shared enthusiasm for the future. Greg McRay, founder of Foundation Group, emphasized the alignment of missions and the complementary nature of their services. This merger not only symbolizes growth for both companies but represents a commitment to continued support for their shared clientele.

Conclusion

As BryteBridge Group moves forward with its expanded capabilities through the Foundation Group acquisition, it aims to enhance support for nonprofits, addressing the intricacies associated with compliance, tax, and operational management. With an enriched portfolio and a shared vision for empowering nonprofit organizations, BryteBridge is poised to lead in offering unparalleled services in the nonprofit sector, ensuring that these organizations can continue to thrive and make a meaningful impact within their communities.

For more information, visit BryteBridge and Foundation Group.