Lonely Entrepreneur Inc

Organization Overview

Lonely Entrepreneur Inc is located in New York, NY. The organization was established in 2018. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lonely Entrepreneur Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Lonely Entrepreneur Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 52.1% each year . All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 55.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE LONELY ENTREPRENEUR PARTNERED WITH THE FIRST CITIZENS FOUNDATION TO EMPOWER UNDERSERVED ENTREPRENEURS WITH FREE ACCESS TO THE LEARNING COMMUNITY THROUGHOUT THE GEOGRAPHIES SERVED BY FIRST CITIZENS. THE PROGRAM WAS MADE AVAILABLE TO A MIX OF INDIVIDUALS INCLUDING LOW AND MODERATE INCOME, INDIVIDUALS REJECTED FOR SBA AND OTHER LOANS AND OTHER BANK CONSTITUENTS. THE PROGRAM WAS PART OF FIRST CITIZENS $16 BILLION COMMUNITY BENEFITS PLAN-DEVELOPED IN COLLABORATION WITH THE NATIONAL COMMUNITY REINVESTMENT COALITION (NCRC)-THAT BUILDS ON ITS WORK TO REINVEST IN LOW- AND MODERATE-INCOME (LMI) COMMUNITIES AND NEIGHBORHOODS OF COLOR.


THE LONELY ENTREPRENEUR PARTNERED DISCOVER FINANCIAL TO PROVIDE FREE ACCESS TO THE LEARNING COMMUNITY TO MEMBERS OF CHICAGO SCHOLARS, A CHICAGO BASED NON-PROFIT THAT EMPOWERS BLACK YOUTH BY UNIQUELY SELECTIN, TRAINING, AND MENTORING ACADEMICALLY AMBITIOUS STUDENTS FROM UNDER-RESOURCED COMMUNITIES TO BECOME THE NEXT GENERATION OF LEADERS WHO WILL TRANSFORM THEIR NEIGHBORHOODS AND OUR CITY. SEE THE FOLLOWING VIDEO - HTTPS://TINYURL.COM/2EX97TTA


THE CISCO FOUNDATION PARTNERED WITH THE LONELY ENTREPRENEUR AND ITS BLACK ENTREPRENEUR INITIATIVE TO PROVIDE THE PROGRAM TO STUDENTS AT VARIOUS HISTORICALLY BLACK COLLEGES AND UNIVERSITIES (HBCUS) ACROSS VARIOUS INSTITUTIONS.


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. SUPPORTERS INCLUDE MICROSOFT, ESPN, AARP, URBAN LEAGUE, THE MILWAUKEE BUCKS, ALLY BANK, LAKEWOOD CHURCH, RICHARD PETTY MOTORSPORTS, THE NFL PLAYERS ASSOCIATION, THE CHARLOTTE HORNETS, CERNER, AMERICAN UNIVERSITY, WELLS FARGO, 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 MORE.


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Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$781,850
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$153,142
Noncash contributions included in lines 1a–1f $888,926
Total Revenue from Contributions, Gifts, Grants & Similar$934,992
Total Program Service Revenue$1,163,500
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,098,492

Grants Recieved

Over the last fiscal year, we have identified 3 grants that Lonely Entrepreneur Inc has recieved totaling $60,000.

Awarding OrganizationAmount
Webster Bank Charitable Foundation

Wilmington, DE

PURPOSE: BLACK ENTREPRENEUR INITIATIVE

$25,000
Aarp

Washington, DC

PURPOSE: Sponsorship of the Learning Community BIPOC 50+ program

$25,000
Olive Smith Browning Charitable Tr

Las Vegas, NV

PURPOSE: GENERAL OPERATING

$10,000
View Grant Recipient Profile

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