The Lonely Entrepreneur

Helping entrepreneurs turn their passion into success

aka The Lonely Entrepreneur   |   NEW YORK, NY   |  https://lonelyentrepreneur.com/non-profit-home/

Mission

Our 501(c)(3) seeks to unlock the potential of 1 million entrepreneurs worldwide. We drive diversity, empower women, foster inclusion, prepare our youth, and transform athletes with entrepreneurial knowledge and support.

Ruling year info

2018

President

Ebony Young

Main address

336 LEXINGTON AVE, STE 5

NEW YORK, NY 10016 USA

Show more addresses

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

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 now key skills to help individuals realize their potential and to help our communities spur economic development and job growth.

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

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

Corporate, philanthropic and government partners throughout the country have been supporting and implementing the Lonely Entrepreneur's program including the Milwaukee Bucks, AARP, UPS, Lakewood Church, the Charlotte Hornets, American University, NFL Players’ Association, National Entrepreneur Center, NAACP, Richard Petty Motors, Urban Upbound, Wells Fargo, Winston & Strawn, 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.

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/

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

Where we work

Accreditations

RW Institute and Bill & Melinda Gates Foundation 2020

Fidelity Charity 2021

National Philanthropic Partners 2021

Jewish Communal Fund 2021

Awards

Market Player 2020

RW Institute and Bill & Melinda Gates Foundation

Affiliations & memberships

RW Institute and Bill & Melinda Gates Foundation 2020

Rutgers Center for Urban Entrepreneurship and Economic Development 2020

Bucknell University 2020

NAACP 2020

American University 2020

Wayne State University 2020

Richard Petty Motorsports 2021

Dell Women's Entrepreneur Network 2020

National Entrepreneur Center 2021

Hustle Mommies 2021

Future Founders 2020

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

TLE and the Learning Community were recently recognized as a market leader by the RW Foundation and the Bill and Melinda Gates Foundation. Our point of view about the role of entrepreneurism was recently featured in this article from Alliance Magazine – that even before COVID-19, entrepreneurism is a new frontier of giving.

TLE has also become an approved non-profit for a variety of financial and philanthropic organizations including Fidelity, National Philanthropic Trust, Jewish Communal Fund, Vanguard and many others.

TLE has worked with prestigious organizations in the corporate, philanthropic and economic development communities. Corporate, philanthropic and government partners throughout the country have been supporting and implementing the program including the Milwaukee Bucks, AARP, UPS, Lakewood Church, the Charlotte Hornets, American University, NFL Players’ Association, National Entrepreneur Center, NAACP, Richard Petty Motors, Urban Upbound, Wells Fargo, Winston & Strawn, Dell, Oracle, Staples, World Woman Foundation, City Current, Cambridge Innovation Center, NYU, Future Founders, Paul, Weiss, Future Business Leaders of America, Rutgers University, World Chicago, Bucknell University, and many others.

The Lonely Entrepreneur Learning Community has been deployed to support thousands of entrepreneurs throughout the world. Each of our programs are designed to serve the specific mission of our partner and at the same time contribute to our larger mission of serving 1 million entrepreneurs worldwide.

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

Some examples of our programs are:

• Black Entrepreneur Initiative: TLE launched the Black Entrepreneur Initiative to empower 100,000 current and aspiring Black entrepreneurs throughout the US.

• Entrepreneur Survival Guide: to help with the dramatic effects of COVID, TLE 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.

• Richard Petty Motorsports: a unique partnership to provide 4,300 Black entrepreneurs with free access to the Learning Community.

• Mother's Ball: TLE partnered with Mother’s Ball for its first ever event to empower women. TLE was the exclusive entrepreneur content partner and provided the Learning Community and additional content to all 1,000 attendees. The Mother’s Ball event was highlighted by an exclusive performance by Lauren Hill.

• The National Entrepreneur Center (NEC) Online: a partnership with the NEC and its President Jerry Ross (voted the Economic Development Leader of the Year" by I-4 Business Magazine) NEC funders include Disney and Florida Blue Cross Blue Shield.

The Learning Community has been deployed to support thousands of entrepreneurs throughout the world.

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.
  • 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?

    Participants in our programs were excited about the opportunity to get answers to their most pressing questions through our online community but were not sure how to ask questions. We increased the communication to our community and added product and explainer videos to make it crystal clear.

  • 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?

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback,

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

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 6/26/2021
SOURCE: Self-reported by organization
Board chair

Michael Dermer

TLE Enterprises LLC

Victoria Sherman

TLE Enterprises LLC

Marcel Portmann

Portmann Consulting Group

Sadiq Shariff

Naztec International Group

Yvette Donado

Educational Testing Service

Dale Moss

Moss Martin Media

Ebony Young

The Lonely Entrepreneur, Inc.

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? Not applicable
  • 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 04/25/2021

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
Black/African American/African
Gender identity
Female, Not transgender (cisgender)
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

 

Sexual orientation

Disability

Equity strategies

Last updated: 06/05/2020

Policies and practices developed in partnership with Equity in the Center, a project that works to shift mindsets, practices, and systems within the social sector to increase racial equity. 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.