BryteBridge Acquires Foundation Group, a Nonprofit Compliance and Accounting Services Provider
Winter Park-based BryteBridge Group ("BryteBridge"), a provider of software, outsourced compliance, accounting, tax, and filing services to nonprofit organizations, announced that it has expanded its reach in the small to medium-sized nonprofit industry by acquiring Foundation Group ("Foundation Group" or the "Company") of Nashville, Tennessee.
Founded in 1995 by Greg McRay, Foundation Group has been a leading expert provider of nonprofit formation, compliance, tax, and accounting services. Over its thirty-year history, Foundation Group has assisted more than 25,000 organizations to achieve tax-exempt status and helped nonprofit leaders and board members navigate risk, shifting regulations and operational uncertainty.
Together, BryteBridge and Foundation Group create the most comprehensive service and software platform of its kind, combining unmatched levels of expertise, state-of-the-art technology, and increased market visibility to deliver enterprise-level support to small and medium-sized underserved nonprofits nationwide.
"We are thrilled to be joining forces with Greg and the rest of the team at Foundation Group. The Company brings a wealth of additional experience and subject-matter experts that will allow us to better serve our clients," said Mike Bryant, CEO of BryteBridge. "Foundation Group's Assurance membership program coupled with BryteBridge's Connect membership platform will provide our clients a full spectrum of expert help and resources that no other nonprofit-focused company can offer. Together, we will be the go-to resource for nonprofits seeking assistance for all of their formation, compliance, accounting, and tax-related needs."
"Foundation Group has found the perfect home with BryteBridge. It was clear since we first met the BryteBridge team that our cohesive mission and vision align perfectly. We're looking forward to the next chapter of growth for the combined organization and continued support for our nonprofit clients," added Greg McRay.
BryteBridge Group's portfolio now includes MoneyMinder, Nonprofit Suite, 501c3 Center, and Foundation Group. This latest acquisition builds on BryteBridge's recent growth, momentum and commitment to scaling support for mission-driven organizations. The combined platform now offers a full-service ecosystem, from nonprofit formation, reinstatement, and IRS recognition to compliance, accounting, financial tools, and educational resources. Backed by RFE Investment Partners and Knox Capital, the new combined BryteBridge Group will have collectively assisted over 70,000 nonprofits and brings together more than 50 years of experience in nonprofit support.
The preceding press release was provided by a company unaffiliated with NonProfit PRO. The views expressed within may not directly reflect the thoughts or opinions of the staff of NonProfit PRO.
