EIN 82-5384709

Lonely Entrepreneur

IRS 501(c) type
501(c)(3)
Num. employees
0
Year formed
2018
Most recent tax filings
2023-12-01
NTEE code, primary
Description
Lonely Entrepreneur empowers 1 million entrepreneurs, especially underserved ones, to turn their passion into success. It partners with corporations and philanthropies to provide free access to knowledge, tools, and support for entrepreneurs. It also collaborated with the First Citizens Foundation to provide underserved entrepreneurs access to the Learning Community in various locations served by First Citizens. Lonely Entrepreneur is located in New York, NY.
Total revenues
$3,180,996
2023
Total expenses
$2,932,479
2023
Total assets
$879,275
2023
Num. employees
0
2023

Program areas at Lonely Entrepreneur

The Lonely Entrepreneur partnered with the Columbus Foundation to empower Black, Hispanic and social entrepreneurs with free access to the Learning Community throughout Columbus. The program was made available in partnership with a variety of Columbus organizations.
The United Way of Central Maryland partnered with The Lonely Entrepreneur and its Black Entrepreneur Initiative to provide the Learning Community to Black entrepreneurs in Baltimore as part of their Changemaker Challenge. According to the CEO, Franklyn Baker, "We believe our commitment to The Lonely Entrepreneur strengthens the communities we serve, fuels the economy, and builds on our initiatives like our Changemaker Challenge and Neighborhood Grants. The Lonely Entrepreneur is a creative solution to addressing many of the challenges individuals face in starting or growing a business. First, it empowers underserved entrepreneurs by providing them with free access to its Learning Community - a one-stop shop for the knowledge, tools, and coaching support critical to their growth. Second, it provides organizations like United Way and others with the opportunity to drive social impact, innovation, job creation and equity."
The Lonely Entrepreneur partnered with UPS as part of its UPS Ignite program to provide free access to the Learning Community to Black, Latin, Asian, LGBTQ+ and other entrepreneurs throughout the United States. The program got into the hands of individuals through a variety of regional and national partnerships including the National Urban League, US Hispanic Chamber of Commerce, National ACE and was featured in several publications including Black Enterprise Magazine.
The Lonely Entrepreneur has partnered with corporations and philanthropies to enable corporate and philanthropic partners to empower the entrepreneurs of their choice with free access to the knowledge, tools and support they need to start or grow a business. We do this by providing our platform - called the Learning Community - free to entrepreneurs through sponsorships and support of corporate and philanthropic partners.

Who funds Lonely Entrepreneur

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Ally Charitable FoundationDiverse Entrepreneur Initiative$50,000
Goldman Sachs Philanthropy Fund (GSPF)Community & Human Services$50,000
The Chicago Community TrustIn Support of Its Learning Community Platform.$28,000
...and 2 more grants received

Personnel at Lonely Entrepreneur

NameTitleCompensation
Michael DermerChief Executive Officer$0
Samantha LankfordBoard Member$0
Kevin AspegrenDirector of Revenue$0
Melanie LuceGrants Director$49,450
Sara OrellanaDirector of Entrepreneur Success$40,729
...and 7 more key personnel

Financials for Lonely Entrepreneur

RevenuesFYE 12/2023
Total grants, contributions, etc.$2,307,732
Program services$873,264
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$3,180,996

Form 990s for Lonely Entrepreneur

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-08990View PDF
2022-122023-04-09990View PDF
2021-122023-01-23990View PDF
2021-122022-03-07990View PDF
2020-122021-05-25990View PDF

Organizations like Lonely Entrepreneur

OrganizationLocationRevenue
National Council for Financial OpportunitiesTacoma, WA$2,250,554
Inner ExplorerFranklin, MA$3,240,905
ReWrite LifeGrand Rapids, MI$878,682
Notley ImpactAustin, TX$1,230,295
United Community SchoolsNew York, NY$9,158,374
The Relational CenterLos Angeles, CA$1,142,626
University at Buffalo Foundation IncubatorBuffalo, NY$888,027
EdnavigatorOak Park, IL$2,056,719
TeachUNITEDFort Collins, CO$1,876,592
ElgNorfolk, VA$829,232
Data update history
July 19, 2024
Updated personnel
Identified 2 new personnel
November 27, 2023
Updated personnel
Identified 3 new personnel
October 26, 2023
Received grants
Identified 4 new grant, including a grant for $50,000 from Ally Charitable Foundation
June 20, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 15, 2023
Posted financials
Added Form 990 for fiscal year 2022
Nonprofit Types
SchoolsEducational service providersFamily service centersCharities
Issues
Education
Characteristics
National levelTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
336 Lexington Ave Suite 5
New York, NY 10016
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
tlefoundation.org/ 
Phone
(201) 686-9684
IRS details
EIN
82-5384709
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2018
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B90: Educational Services
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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