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Nonprofit · EIN 46-1791738

RACHEL COVEY FOUNDATION

Also known as BRIDLE UP HOPE

Tax-exempt · ALPINE, UT 84004

Financials

$1.4M$1.3M2023$1.4M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of RACHEL COVEY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,440,968$1,337,306$103,662$9,314,473$50,215$9,264,258
December 31, 2023990$1,404,952$1,272,753$132,199$9,177,372$18,945$9,158,427
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$961,552
of which government grants
$148,000
Program service revenue
$347,685
Investment income
$5,113
Net income from fundraising events
$113,621
Other revenue
$126,618

Expenses

Grants and similar amounts paid
$105,200
Compensation of officers, directors and key employees
$124,942
Other salaries and wages
$371,892
Salaries, compensation and benefits (total)
$532,313
Professional fundraising fees
$132,000
Legal fees
$3,815
Accounting fees
$23,135
Occupancy
$28,941
Travel
$3,178
Depreciation
$177,843
Program services (functional)
$935,329
Management and general (functional)
$267,175
Fundraising (functional)
$134,802

Balance sheet and other

Total assets, start of year
$9,177,372
Total assets, end of year
$9,314,473
Total liabilities, end of year
$50,215
Net assets, end of year
$9,264,258
Land, buildings and equipment
$7,826,209
Publicly traded securities
$92,806
Net assets without donor restrictions
$9,234,258
Net assets with donor restrictions
$30,000
Gross receipts
$1,453,847
Employees
59
Volunteers
300
Year formed
2013
State of legal domicile
UT

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Nicole HolgreenExecutive Director
Officer
40$124,942
Sean CoveyChair
Trustee or director
1$0
Rebecca CoveyBoard Member
Trustee or director
1$0
Andrea ClarkeBoard Member
Trustee or director
1$0
Karen KellerBoard Member
Trustee or director
1$0
Boyd CraigBoard Member
Trustee or director
1$0
Travis HansenBoard Member
Trustee or director
1$0
Sean Michael CoveyBoard Member
Trustee or director
1$0
990 for the year ended December 31, 2023: 8 people
NameTitleHours / weekCompensation
NICOLE HADLOCKEXECUTIVE DIRECTOR
Trustee or director
50$120,000
SEAN COVEYFOUNDER/CHAIRMAN
Trustee or director
2$0
REBECCA COVEYFOUNDER
Trustee or director
25$0
MICHAEL SEAN COVEYBOARD MEMBER
Trustee or director, Officer
0$0
BOYD CRAIGBOARD MEMBER
Trustee or director
1$0
TRAVIS HANSENBOARD MEMBER
Trustee or director
1$0
ANDREA CLARKEBOARD MEMBER
Trustee or director
1$0
KAREN KELLERBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
1141 E WATKINS LANE, ALPINE, UT 84004-0000
Principal officer (990 for 2024)
Nicole Holgreen, 1141 East Watkins Lane, Alpine, UT 84004
Signed the 990
Nicole Holgreen, Executive Director
Phone
(801) 709-3339
Return prepared by
Squire & Company PC

Mission

To inspire hope, confidence, and resilience in girls and women through horses and habits.

990 for the year ended December 31, 2024

Program accomplishments

  • Bridle Up Hope is designed to provide a transformational experience for girls and women at a time when life has never been harder on them. They face relentless pressure to live up to impossible expectationsto have the perfect body, be skinny, be pretty, be popular, get perfect grades, be athletic, and so forthwhich often leads to low self-worth, anxiety, depression, and related challenges.Our unique Equine-Assisted Learning (EAL) curriculum teaches girls and women to recognize their inherent worth and potential, and to approach life with correct paradigms of themselves and others. The program combines equestrian training, life skills development, service at the barn, and self-renewal activities, with principles from The 7 Habits of Highly Effective People integrated throughout.
    Expenses $935,329 · grants $105,200 · revenue $347,685

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
46-1791738
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Health care (E50)
Assets (IRS master file)
$9,314,473
Income (IRS master file)
$1,453,847

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,440,968$1,337,306$9,314,473XML
990December 2023$1,404,952$1,272,753$9,177,372XML
990December 2022$838,259$1,071,802$9,041,851IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-1791738).

Questions about RACHEL COVEY FOUNDATION

What is the EIN of RACHEL COVEY FOUNDATION?
The employer identification number (EIN) of RACHEL COVEY FOUNDATION is 46-1791738.
Is RACHEL COVEY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to RACHEL COVEY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does RACHEL COVEY FOUNDATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of RACHEL COVEY FOUNDATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did RACHEL COVEY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of RACHEL COVEY FOUNDATION?
The 990 for the year ended December 31, 2024 names Nicole Holgreen.
Who are the officers and directors of RACHEL COVEY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 8 people; 1 received compensation from the organization, the highest $124,942 (Nicole Holgreen, Executive Director).
How much revenue does RACHEL COVEY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,440,968, expenses of $1,337,306 and total assets of $9,314,473 at year end.

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