The Lonely Entrepreneur

Helping entrepreneurs turn their passion into success

aka The Lonely Entrepreneur   |   NEW YORK, NY   |  https://lonelyentrepreneur.org

Mission

The Lonely Entrepreneur seeks to empower 1 million entrepreneurs worldwide to turn their passion into success by providing them with the knowledge, tools and support they need to succeed.

Notes from the nonprofit

We believe that one of the most important ways to empower a group of people is to empower them with entrepreneurial skills. Virtually everyone is an entrepreneur, wants to be an entrepreneur, or will work with or for an entrepreneur. These skills are no longer “nice to have” but rather key skills to help individuals realize their potential – even if they do not call themselves entrepreneurs. In this day and age, entrepreneurism is the pathway to not only start or grow a business but to build a better life and realize potential. To do so, individuals must develop the knowledge and skills needed to be a successful entrepreneur. Even if they have passion, a great idea and capital, being a successful entrepreneur is a journey that requires a variety of skills to succeed. If we don’t empower them with these skills, their chance of success is severely diminished.

Ruling year info

2018

Executive Director

Yvette Donado

Main address

336 LEXINGTON AVE, STE 5

NEW YORK, NY 10016 USA

Show more contact info

EIN

82-5384709

NTEE code info

Educational Services and Schools - Other (B90)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Sign in or create an account to view Form(s) 990 for 2020.
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Communication

Blog

Programs and results

What we aim to solve

SOURCE: Self-reported by organization

Virtually everyone is an entrepreneur, wants to be an entrepreneur, or will work with or for an entrepreneur. These skills are no longer “nice to have” but rather key skills to help individuals realize their potential – even if they do not call themselves entrepreneurs. And the importance of entrepreneurism has grown due to the impact of COVID. For existing entrepreneurs, COVID has had a dramatic impact on their businesses. At the same time, entrepreneurs no longer have access to workspaces, incubators or startup ecosystems. Second, many people who have lost jobs as a result of COVID-19 will need to become entrepreneurs - either as a matter of choice or necessity. Whether you are in the inner city or corporate America, your path to a successful future will cross with the need for these entrepreneurial skills. In this day and age, entrepreneurism is the pathway to not only start or grow a business but to build a better life and realize their potential.

Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

The Lonely Entrepreneur Learning Community

Entrepreneurial skills are no longer a “nice to have,” they are key skills to help individuals realize their potential. We provide these skills via The Lonely Entrepreneur Learning Community platform.

The Learning Community is a one-stop shop for the knowledge, tools and support an individual needs to start or grow a business. It includes:

- Knowledge: 500 learning modules that cover the business and personal issues entrepreneurs face

- Tools: 100s of templates (e.g., business plans) and reviews of vendors (e.g., accounting)

- Ongoing Support: through two channels - an online community and group coaching - where they get questions answered

- 150+ Funding Sources: various funding sources available for entrepreneurs

- 100+ Vendors: reviews, discounts and a list of “vetted vendors”

- 200+ Procurement Opportunities: opportunities from governments and companies

See https://youtu.be/b-jV03qLVxc and https://lonelyentrepreneur.com/program-highlights to learn more.

Population(s) Served
Adults
Self-employed people
Ethnic and racial groups
Social and economic status
Adolescents

In 2020, The Lonely Entrepreneur launched a groundbreaking program called the Black Entrepreneur Initiative. The goal of the Black Entrepreneur Initiative is to empower 100,000 Black entrepreneurs by providing them with free access to the knowledge, tools and support they need to start or grow a business. The program has led to an unprecedented cooperation among corporations, philanthropies and governments including a partnership with the Milwaukee Bucks launched on Martin Luther King Day (https://rb.gy/gw6bp8) and with the iconic Richard Petty Motorsports where the Black Entrepreneur Initiative will appear on the iconic #43 race car throughout the NASCAR season (https://rb.gy/5kdryh).
Here is a video on the initiative: https://youtu.be/lXGGY9ddtLM

Supporters include UPS, Molson Coors, Microsoft, ESPN, AARP, Urban League, the Milwaukee Bucks, Black Chamber of Commerce, Ally Bank, Lakewood Church, Richard Petty, Urban Leadership Fund, the NFL Players Association, and many more.

Population(s) Served
People of African descent

The Lonely Entrepreneur created a FREE Entrepreneur Survival Guide – a program designed to give entrepreneurs the tools and action steps they need to survive (and even thrive in) the midst of COVID 19. This was given for free to over 10,000 entrepreneurs.

Population(s) Served
Ethnic and racial groups
Age groups
Social and economic status
Work status and occupations

Where we work

Accreditations

Great Non-Profits 2021

Fidelity Charity 2021

National Philanthropic Partners 2021

Jewish Communal Fund 2021

RW Institute and Bill & Melinda Gates Foundation 2019

CISCO Employee Charitable Fund 2022

Awards

Great Non-Profits 2021 2021

Great Non-Profits

Great Non-Profits 2021 2021

Great Non-Profits

Force for Change 2020

Leading Women

Market Player 2019

RW Institute and Bill & Melinda Gates Foundation

Affiliations & memberships

National Urban League 2022

US Hispanic Chamber of Commerce 2022

National ACE 2022

Black Chamber of Commerce 2022

UPS 2022

Wayne State University 2020

Richard Petty Motorsports 2021

Charlotte Hornetts 2022

NFL Players Association 2022

American University 2022

Urban Ubnound 2022

Rutgers Center for Urban Entrepreneurship and Economic Development 2022

HISPA 2022

Microsoft 2022

ESPN 2022

Lakewood Church 2022

Our results

SOURCE: Self-reported by organization

How does this organization measure their results? It's a hard question but an important one.

Number of current or aspiring entrepreneurs that have used the Learning Community

This metric is no longer tracked.
Totals By Year
Population(s) Served

Ethnic and racial groups, Age groups, Social and economic status, Self-employed people

Related Program

The Lonely Entrepreneur Learning Community

Type of Metric

Output - describing our activities and reach

Direction of Success

Increasing

Context Notes

Through our various partnerships and programs, we have been able to serve these number of individuals.

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

The Lonely Entrepreneur, Inc. (TLE) is a 501(c)(3) corporation formed in 2018 and based in New York City. It is the sister company of TLE Enterprises LLC, founded in 2015. Since its founding in 2015, and with the creation of its non-profit in 2018, TLE has provided solutions to thousands of entrepreneurs worldwide through The Lonely Entrepreneur Learning Community, an online platform that is a one-stop shop for the knowledge, tools and support entrepreneurs need (the “Learning Community”).

TLE’s Mission is to empower 1 million entrepreneurs worldwide and to help individuals of all races, creeds, and geographies (and especially underserved communities) with access to the entrepreneurial knowledge, skills and tools they need to start or grow a business, build a better life and realize their potential.

What began as a mission in 2015 has now become a mandate. In a post-COVID-19 world, we believe virtual any-time anywhere access to entrepreneurial knowledge, skills and tools will play a vital part in our economic recovery.

TLE is dedicated to providing individuals of all races, creeds, and geographies (and especially underserved communities) with access to the entrepreneurial knowledge, skills and tools they need to start or grow a business, build a better life and realize their potential.

TLE empowers individuals with the knowledge, tools and support to start or grow a business. We do this by giving them free access to The Lonely Entrepreneur Learning Community. Because the Learning Community provides an individual what they need to start or grow a business, it can be applied to meet multiple objectives:

Our Funder's Priorities: the specific demographic, location, industry, stage or focus of our funding partner.

Black Entrepreneur Initiative: this initiative seeks to empower 100,000 current and aspiring Black entrepreneurs with the knowledge, tools and ongoing support they need. It combines the core elements of the Learning Community with additional rich content addressing the issues and opportunities facing the Black Community. Learn more here: https://youtu.be/lXGGY9ddtLM

Geography-Based Initiatives: we can apply the program to the specific geography of our funding partner. In these programs, we take the core Learning Community and add "local" content to provide the community with the solution it needs.

The Learning Community is a proven program that has been implemented throughout the world for thousands of entrepreneurs. It is supported by a distinguished set of board members, advisors and partners.

For more information, please see the following links:

• Program Highlights: https://lonelyentrepreneur.com/program-highlights
• Board: https://lonelyentrepreneur.com/board/
• Advisors: https://lonelyentrepreneur.com/advisors
• Partners: https://lonelyentrepreneur.com/partners-and-supporters/

The Lonely Entrepreneur has created the Learning Community - a one-stop shop for much of the knowledge, tools and ongoing support an individual needs to start or grow a business. It includes the elements necessary to empower current and aspiring entrepreneurs:

- Knowledge: 350 learning modules that cover both the business and personal issues entrepreneurs face

- Tools: 100s of templates (e.g., business plans, legal agreements) and reviews of the top vendors and solution providers they need (e.g., accounting software)

- Ongoing Support and Community: through two channels - an online community and weekly group coaching - where they can get their daily questions answered

- Funding Sources: various funding sources available for entrepreneurs

- Vendors: vendor reviews, discounts and a list of “vetted vendors” (including some free resources)

- Procurement/Revenue Opportunities: opportunities made available by governments and private companies to service their organizations

- Access: 24/7 access from any desktop or mobile device – a key element during COVID

Having the Learning Community at every step of the journey significantly increases an individual's chance of success. Here is a video to learn more: https://youtu.be/b-jV03qLVxc

TLE has the flexibility to provide the Learning Community to the individuals you would like to support. This can be any of the following:

· Geography: individuals in designated zip codes
· Demographic: selection based on race, gender, age or other demographic criteria
· Type: segments such as military, urban, mothers or other segments
· Group: a specific group you currently support or work with
· Industry: a specific industry

See Program Highlights for some of the programs and the various audiences we serve.
https://lonelyentrepreneur.com/program-highlights

The Learning Community is a proven program that has been implemented throughout the world for thousands of entrepreneurs. TLE and the Learning Community have served over 71,000 entrepreneurs in 192 countries throughout the world. Most importantly, it’s impact has been felt by current and aspiring entrepreneurs – and especially entrepreneurs in our underserved communities. Visit https://lonelyentrepreneur.com/bei-impact/ to hear from some of those entrepreneurs.

TLE has been consistently recognized as a market leader.

• In 2021, TLE was named a "Great Non- Profit" by Great Non-Profits and earned the Platinum Seal of Transparency from Guidestar, the world’s largest database of nonprofit organizations.

• In 2020, in the wake of the George Floyd tragedy, TLE launched its Black Entrepreneur Initiative with the goal to empower 100,000 current and aspiring Black entrepreneurs with the knowledge, tools and support they need to start or grow a business. The program has already helped 19,000 Black entrepreneurs. Here is a video on the initiative.

• In 2020, in midst of COVID-19, TLE launched its “Entrepreneur Survival Guide” - a program designed to give entrepreneurs the tools and action steps they need to survive (and even thrive! in) this harrowing economic climate. This survival guide (which was built with much of the know-how developed by founder Michael Dermer in his journey through the 2008 financial crisis) was provided free to over 11,000 entrepreneurs throughout the world. Visit https://lonelyentrepreneur.com/survival-guide/.

• In 2020, TLE won the "Force for Change Award" recognizing organizations for leading innovations in the area of entrepreneurship

• In 2019, TLE was recently recognized as a market leader by the RW Foundation and the Bill and Melinda Gates Foundation.

TLE has had the privilege of working with esteemed organizations including UPS, Molson Coors, Microsoft, ESPN, the New York Stock Exchange, National Urban League, US Hispanic Chamber of Commerce, National ACE, National Urban League, AARP, One Columbus, Bank of America, PNC Bank, the Milwaukee Bucks, Black Chamber of Commerce, Ally Bank, Lakewood Church, Richard Petty Motorsports, Urban Leadership Fund, the NFL Players Association, the Charlotte Hornets, Cerner, Sherman Phoenix, West Side United, American University, Wells Fargo, African American Chamber of Commerce, Urban Upbound, Winston & Strawn, Wayne State University, Ice Miller, Sterling National Bank, Dell, Oracle, Staples, World Woman Foundation, City Current, Cambridge Innovation Center, NYU, Future Founders, Paul, Weiss, Rifkind, Wharton & Garrison, Future Business Leaders of America, Rutgers Center for Urban Entrepreneurship & Economic Development, World Chicago, Bucknell University, and many others.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • Who are the people you serve with your mission?

    We believe that one of the most important ways to empower a group of people is to empower them with entrepreneurial skills. Virtually everyone is an entrepreneur, wants to be an entrepreneur, or will work with or for an entrepreneur. These skills are no longer “nice to have” but rather key skills to help individuals realize their potential – even if they do not call themselves entrepreneurs.

  • How is your organization collecting feedback from the people you serve?

    SMS text surveys, Electronic surveys (by email, tablet, etc.), Constituent (client or resident, etc.) advisory committees, Suggestion box/email,

  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To identify where we are less inclusive or equitable across demographic groups, To strengthen relationships with the people we serve,

  • What significant change resulted from feedback?

    On the heels of our Black Entrepreneur Initiative we launched a Hispanic Entrepreneur Initiative with the goal of empowering 100,000 Hispanic entrepreneurs with the knowledge, tools and support they need to succeed.

  • With whom is the organization sharing feedback?

    The people we serve, Our staff, Our board, Our funders, Our community partners,

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We look for patterns in feedback based on demographics (e.g., race, age, gender, etc.), We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.), We engage the people who provide feedback in looking for ways we can improve in response, We act on the feedback we receive,

  • What challenges does the organization face when collecting feedback?

    The people we serve tell us they find data collection burdensome,

Financials

The Lonely Entrepreneur
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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lock

Connect with nonprofit leaders

Subscribe

Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

The Lonely Entrepreneur

Board of directors
as of 06/13/2022
SOURCE: Self-reported by organization
Board chair

Michael Dermer

TLE Enterprises LLC

Term: 2018 -

Victoria Sherman

The Lonely Entrepreneur

Marcel Portmann

Portmann Consulting Group

Sadiq Shariff

Naztec International Group

Yvette Donado

Consultant

Dale Moss

Moss Martin Media

Michael Dermer

The Lonely Entrepreneur

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable

Organizational demographics

SOURCE: Self-reported; last updated 6/13/2022

Who works and leads organizations that serve our diverse communities? GuideStar partnered on this section with CHANGE Philanthropy and Equity in the Center.

Leadership

The organization's leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

Equity strategies

Last updated: 06/05/2020

GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more

Data
  • We ask team members to identify racial disparities in their programs and / or portfolios.
  • We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
  • We have long-term strategic plans and measurable goals for creating a culture such that one’s race identity has no influence on how they fare within the organization.
Policies and processes
  • We use a vetting process to identify vendors and partners that share our commitment to race equity.
  • We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
  • We have community representation at the board level, either on the board itself or through a community advisory board.
  • We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
  • We engage everyone, from the board to staff levels of the organization, in race equity work and ensure that individuals understand their roles in creating culture such that one’s race identity has no influence on how they fare within the organization.