NonprofitsLonely Entrepreneur Inc

Education

Lonely Entrepreneur Inc

NEW YORK, NY

Total revenue

$4.1M

Total expenses

$3.7M

Net assets

$502K

Grants received

$602K

14 grants

EIN

825384709

Tax year

2024

Mission

To empower 1 million entrepreneurs (especially underserved entrepreneurs) to turn their passion into success by enabling them with the knowledge, tools and support they need to succeed

Programs

3 programs

The Lonely Entrepreneur partnered with Molson Coors as part of their social justice initiative to provide diverse entrepreneurs across Denver, Milwaukee, and Chicago with free access to the Learning Community. The program got into the hands of individuals through a variety of regional and national partnerships including 1871, Chambers of Commerce and community organizations.

Expenses: $76K

The Lonely Entrepreneurs participated in a Tennessee Placemakers program to provide the Learning Community to entrepreneurs in Kingston, Cookeville and Knoxville, Tennessee in partnership with Biz Foundry, Knoxville Entrepreneur Center and Sync Space.

Expenses: $66K

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.

Expenses: $3.2M

Financials

FY 2024

Revenue

Contributions & grants$3.0M
Program service revenue$1.1M
Investment income
Other revenue
Total revenue$4.1M

Expenses

Grants paid
Salaries & benefits
Fundraising$9K
Other expenses$3.7M
Total expenses$3.7M
Total assets$672K
Net assets$502K

People

8 listed

NameRoleCompensation

Yvette Donado

Board Member and Head Hispanic Entrepreneur Initiatives Lead

Board

20 hrs/wk

Dale Moss

Board Member

Board

10 hrs/wk

Marcel Portmann

Board Member

Board

20 hrs/wk

Sadiq Sharif

Board Member

Board

20 hrs/wk

Victoria Sherman

Vice President and Board Member

Board

20 hrs/wk

Michael Dermer

CEO and Board Member

Board

20 hrs/wk

Samantha Lankford

Executive Director of Entrepreneur Success

Staff

20 hrs/wk

Nolan McCants

Strategic Advisor

Staff

20 hrs/wk

Grants received

Showing 14 of 14

FromAmountPurposeYear
$125K
1 grant(s) for varying purposes
2024
$100K
SOCIAL SERVICES
2024
$100K
URBAN AFFAIRS
2023
$25K
GENERAL SUPPORT
2023
$10K
FOR RECIPIENT'S EXEMPT PURPOSE
2023
$50K
COMMUNITY & HUMAN SERVICES
2022
$50K
Diverse Entrepreneur Initiative
2022
$28K
In support of its Learning Community platform.
2021
$28K
In support of its Learning Community platform.
2021
$20K
SUPPORT OF LOCAL COMMUNITY EDUCATIONAL PROGRAMS
2021
$10K
ECONOMIC MOBILITY
2021
$10K
GENERAL OPERATING
2021
$30K
GENERAL OPERATING
2020
$16K
GENERAL OPERATING
2020

Funded by

$602K from 12 funders · 14 grants · 2020–2024

Columbus Foundation

$200K · 2 grants · 2023–2024

The Winston-Salem Foundation

$125K · 1 grant · 2024

The Chicago Community Trust

$56K · 2 grants · 2021

Gs Donor Advised Philanthropy Fund

$50K · 1 grant · 2022

Ally Charitable Foundation

$50K · 1 grant · 2022

Hamilton Community Foundation

$25K · 1 grant · 2023

Educational Testing Service

$20K · 1 grant · 2021

Details

EIN825384709
NTEE codeB90
Subsection03
Ruling date2018-06
Formed2018
Employees0
Volunteers43
LONELY ENTREPRENEUR INC — Mission, Financials & Grants Received | Grantivo