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Rachel Covey Foundation

Bridle Up Hope
  • Alpine, UT
  • Tax-exempt since April 2013
  • EIN: 46-1791738

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Health — General and Rehabilitative / Rehabilitative Medical Services (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.4M (2023)

Expenses
$1.27M (2023)

Total Assets
$9.18M (2023)

Total Liabilities
$18.9k (2023)

Source: Form 990 tax filings from 2013 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,404,952
Expenses
$1,272,753
Net Income
$132,199
Net Assets
$9,158,427
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,113,753
79.3%
Program Services $330,990
23.6%
Investment Income $2,141
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$34,425
Sales of Assets -$11,099
Net Inventory Sales -$2,408
Other Revenue $6,000
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $120,000
9.4%
Professional Fundraising Fees $120,000
9.4%
Other Salaries and Wages $413,670
32.5%
Assets/Debt
Total Assets $9,177,372
Total Liabilities $18,945
Net Assets $9,158,427
Compensation
Key Employees and Officers Compensation Related Other
Nicole Hadlock (Executive Director) $120,000 $0 $0
Sean Covey (Founder/Chairman) $0 $0 $0
Rebecca Covey (Founder) $0 $0 $0
Michael Sean Covey (Board Member) $0 $0 $0
Boyd Craig (Board Member) $0 $0 $0
Travis Hansen (Board Member) $0 $0 $0
Andrea Clarke (Board Member) $0 $0 $0
Karen Keller (Board Member) $0 $0 $0
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Document Links

990
Filed on Nov. 11, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$838,259
Expenses
$1,071,802
Net Income
-$233,543
Net Assets
$9,026,228
Notable Sources of Revenue Percent of Total Revenue
Contributions $479,688
57.2%
Program Services $375,196
44.8%
Investment Income $1,572
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$38,157
Sales of Assets $0
Net Inventory Sales $19,960
2.4%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $163,692
15.3%
Professional Fundraising Fees $91,000
8.5%
Other Salaries and Wages $350,322
32.7%
Assets/Debt
Total Assets $9,041,851
Total Liabilities $15,623
Net Assets $9,026,228
Compensation
Key Employees and Officers Compensation Related Other
Sean Covey (Founder/Chairman) $0 $0 $0
Rebecca Covey (Founder) $0 $0 $0
Sharyl Morrison Lewis (Former Executive Director) $0 $78,923 $0
Michael Sean Covey (Board Member) $0 $0 $0
Boyd Craig (Board Member) $0 $0 $0
Travis Hansen (Board Member) $0 $0 $0
Nicole Hadlock (Executive Director) $0 $84,769 $0
Andrea Clarke (Board Member) $0 $0 $0
Karen Keller (Board Member) $0 $0 $0
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Document Links

990
Filed on Nov. 15, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$5,260,162
Expenses
$937,620
Net Income
$4,322,542
Net Assets
$9,259,771
Notable Sources of Revenue Percent of Total Revenue
Contributions $4,861,150
92.4%
Program Services $281,056
5.3%
Investment Income $278
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$69,291
Sales of Assets $0
Net Inventory Sales $12,535
0.2%
Other Revenue $174,434
3.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $260,299
27.8%
Professional Fundraising Fees $0
Other Salaries and Wages $189,214
20.2%
Assets/Debt
Total Assets $9,292,199
Total Liabilities $32,428
Net Assets $9,259,771
Compensation
Key Employees and Officers Compensation Related Other
Nicole Hadlock (Executive Director) $88,269 $0 $0
Sharyl Morrison Lewis (Former Executive Director) $77,846 $0 $0
Sean Covey (Founder/Chairman) $0 $0 $0
Rebecca Covey (Founder) $0 $0 $0
Michael Sean Covey (Board Member) $0 $0 $0
Boyd Craig (Board Member) $0 $0 $0
Travis Hansen (Board Member) $0 $0 $0
Andrea Clarke (Board Member) $0 $0 $0
Karen Keller (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$866,679
Expenses
$1,132,926
Net Income
-$266,247
Net Assets
$4,937,229
Notable Sources of Revenue Percent of Total Revenue
Contributions $644,418
74.4%
Program Services $203,306
23.5%
Investment Income $36
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$11,665
Sales of Assets $0
Net Inventory Sales $30,584
3.5%
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $231,267
20.4%
Professional Fundraising Fees $0
Other Salaries and Wages $236,910
20.9%
Assets/Debt
Total Assets $6,917,918
Total Liabilities $1,980,689
Net Assets $4,937,229
Compensation
Key Employees and Officers Compensation Related Other
Michael Sean Covey (Executive Director) $62,115 $0 $0
Sean Covey (Founder/Chairman) $0 $0 $0
Rebecca Covey (Founder) $0 $0 $0
Boyd Craig (Director) $0 $0 $0
Travis Hansen (Director) $0 $0 $0
Andrea Clarke (Board Member) $0 $0 $0
Karen Keller (Board Member) $0 $0 $0
+ View more people

Document Links

990
Filed on Nov. 16, 2021

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
XML

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,354,838
Expenses
$885,311
Net Income
$469,527
Net Assets
$5,203,476
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,219,315
90.0%
Program Services $160,799
11.9%
Investment Income $95
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$28,955
Sales of Assets -$762
Net Inventory Sales $0
Other Revenue $4,346
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $239,911
27.1%
Professional Fundraising Fees $0
Other Salaries and Wages $19,273
2.2%
Assets/Debt
Total Assets $6,955,548
Total Liabilities $1,752,072
Net Assets $5,203,476
Compensation
Key Employees and Officers Compensation Related Other
Michael Sean Covey (Executive Director) $109,250 $0 $0
Sean Covey (Founder/Chairman) $0 $0 $0
Rebecca Covey (Founder) $0 $0 $0
Boyd Craig (Director) $0 $0 $0
Travis Hansen (Director) $0 $0 $0
Julie Pierce (Director/Treasurer) $0 $0 $0
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990
Filed on Nov. 13, 2020

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,118,783
Expenses
$594,770
Net Income
$1,524,013
Net Assets
$4,733,949
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,939,171
91.5%
Program Services $87,579
4.1%
Investment Income $339
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $85,496
4.0%
Sales of Assets $4,600
0.2%
Net Inventory Sales $0
Other Revenue $1,598
0.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $169,919
28.6%
Professional Fundraising Fees $0
Other Salaries and Wages $73,222
12.3%
Assets/Debt
Total Assets $6,371,214
Total Liabilities $1,637,265
Net Assets $4,733,949
Compensation
Key Employees and Officers Compensation Related Other
Michael Sean Covey (Executive Director) $72,000 $0 $0
Nicole Hadlock (Program Manager) $29,792 $0 $0
Brittany Hanks (Barn Manager) $25,313 $0 $0
Lori Zitzman (Program Manager) $15,875 $0 $0
Charyce Mcgregor (Program Manager) $13,556 $0 $0
Whitney Wood (Barn Manager) $10,000 $0 $0
Alexandria White (Barn Manager) $3,383 $0 $0
Sean Covey (Founder/Chairman) $0 $0 $0
Rebecca Covey (Founder) $0 $0 $0
Boyd Craig (Director) $0 $0 $0
Travis Hansen (Director) $0 $0 $0
Julie Pierce (Director) $0 $0 $0
Jordan Powell (Director) $0 $0 $0
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Document Links

990
Filed on Nov. 14, 2019

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,297,730
Expenses
$417,159
Net Income
$1,880,571
Net Assets
$3,209,936
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,139,353
93.1%
Program Services $41,560
1.8%
Investment Income $296
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $119,307
5.2%
Sales of Assets -$2,789
Net Inventory Sales $0
Other Revenue $3
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $96,217
23.1%
Professional Fundraising Fees $0
Other Salaries and Wages $1,589
0.4%
Assets/Debt
Total Assets $4,825,778
Total Liabilities $1,615,842
Net Assets $3,209,936
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Michael Sean Covey (Executive Director) $39,000 $0 $0
Lori Zitzman (Program Manager) $29,700 $0 $0
Alex White (Barn Manager) $13,980 $0 $0
Brittany Hanks (Barn Manager) $10,374 $0 $0
Tessie Garrett (Barn Manager) $3,163 $0 $0
Sean Covey (Founder/Chairman) $0 $0 $0
Rebecca Covey (Founder) $0 $0 $0
Boyd Craig (Director) $0 $0 $0
Travis Hansen (Director) $0 $0 $0
Julie Pierce (Director) $0 $0 $0
Jordan Powell (Director) $0 $0 $0
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Document Links

990
Filed on Aug. 1, 2018

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$276,927
Expenses
$439,864
Net Income
-$162,937
Net Assets
$1,329,365
Notable Sources of Revenue Percent of Total Revenue
Contributions $281,211
> 100%
Program Services $5,120
1.8%
Investment Income $26
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$9,442
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $114,516
26.0%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $3,258,365
Total Liabilities $1,929,000
Net Assets $1,329,365
Compensation
Key Employees and Officers Compensation Related Other
Stefan Harlan (Director) $5,000 $0 $0
Sean Covey (Founder/Chairman) $0 $0 $0
Rebecca Covey (Founder) $0 $0 $0
Michael Sean Covey (Director) $0 $0 $0
Boyd Craig (Director) $0 $0 $0
Travis Hansen (Director) $0 $0 $0
Julie Pearce (Director) $0 $0 $0
Jordan Powell (Director) $0 $0 $0
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990
Filed on Nov. 16, 2017

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$416,771
Expenses
$345,541
Net Income
$71,230
Net Assets
$1,492,302
Notable Sources of Revenue Percent of Total Revenue
Contributions $414,403
99.4%
Program Services $3,077
0.7%
Investment Income $5
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$714
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,868,872
Total Liabilities $1,376,570
Net Assets $1,492,302
Compensation
Key Employees and Officers Compensation Related Other
Sean Covey (Founder/Chai) $0 $0 $0
Rebecca Covey (Founder) $0 $0 $0
Michael Sean Covey (Director) $0 $0 $0
Boyd Craig (Director) $0 $0 $0
Travis Hansen (Director) $0 $0 $0
Julie Pearce (Director) $0 $0 $0
Jordan Powell (Director) $0 $0 $0
+ View more people

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990
Filed on Nov. 16, 2016

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,658,184
Expenses
$267,899
Net Income
$1,390,285
Net Assets
$1,421,072
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,671,427
> 100%
Program Services $2,865
0.2%
Investment Income $9
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$16,117
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $2,661,072
Total Liabilities $1,240,000
Net Assets $1,421,072
Compensation
Key Employees and Officers Compensation Related Other
Stefan Harlan (Exec Dir) $60,000 $0 $0
Sean Covey (Founder/Chai) $0 $0 $0
Rebecca Covey (Founder) $0 $0 $0
Michael Sean Covey (Director) $0 $0 $0
Boyd Craig (Director) $0 $0 $0
Travis Hansen (Director) $0 $0 $0
Stephen Mongie (Director) $0 $0 $0
Julie Pearce (Director) $0 $0 $0
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990
Filed on Nov. 13, 2015

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing
PDF XML

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$191,296
Expenses
$161,816
Net Income
$29,480
Net Assets
$30,525
Notable Sources of Revenue Percent of Total Revenue
Contributions $190,486
99.6%
Program Services $770
0.4%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $40
0.0%
Other Revenue $0
Assets/Debt
Total Assets $30,525
Total Liabilities $0
Net Assets $30,525

Document Links

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF
PDF (2 of 3) PDF (3 of 3)

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
  • Exempt Organization profiles. Includes organization names, addresses, etc. You can merge this with the raw filing data using EIN numbers.
  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
  • Form 990 documents as XML files. Includes complete filing data (financial details, names of officers, tax schedules, etc.) in machine-readable format. Only available for electronically filed documents. Electronic data released prior to October 2021 is also available through Amazon Web Services.
  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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About Nonprofit Explorer

Nonprofit Explorer

Browse millions of annual returns filed by tax-exempt organizations with ProPublica’s Nonprofit Explorer. See details like executive compensation, revenue, expenses and more. Search for an organization or a person, or search the full text of filings.

By Andrea Suozzo, Alec Glassford, Ash Ngu and Brandon Roberts.

Design by Jeff Frankl. Additional development by Ken Schwencke, Mike Tigas, and Sisi Wei.

E-file viewer adapted from IRS e-File Viewer by Ben Getson. Code for scraping audit documents adapated from Govwiki.

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