2024-05-08T20:24:35-07:00 2023-12-31 990 2023-01-01 825384709 LONELY ENTREPRENEUR INC LONE 2016869684 336 Lexington Avenue Suite 5 New York NY 10016 Michael Dermer CEO 2016869684 2024-03-15 Michael Dermer 999009999 1 1 11 1 AAL2 X 2023 2023-04-26 12:10:37Z Michael Dermer 336 Lexington Avenue Suite 5 New York NY 10016 3180996 0 X https://tlefoundation.org/ X 2018 NJ 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 6 6 0 27 0 0 934992 2307732 1163500 873264 0 0 0 0 2098492 3180996 0 0 0 0 0 0 201549 109999 109999 1644369 2822480 1845918 2932479 252574 248517 913238 879275 347432 64952 565806 814323 To empower one million entrepreneurs (especially underserved entrepreneurs) to turn their passion into success by enabling them with the knowledge, tools and support they need to succeed 0 0 116358 0 100000 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. 71808 0 48750 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. 58619 0 25000 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." 2430695 0 230000 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. 2430695 0 230000 2677480 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA HI MA MD NC NJ NY OH PA TN X The Lonely Entrepreneur Inc 2016869684 336 Lexington Avenue Suite 5 New York NY 10016 Samantha Lankford Executive Director of Entrepreneur Success 20 20 X X 0 130000 0 Yvette Donado Board Member and Head Hispanic Entrepreneur Initiatives Lead 20 0 X 0 0 0 Dale Moss Board Member 10 0 X 0 0 0 Marcel Portmann Board Member 20 0 X 0 0 0 Sadiq Sharif Board Member 20 0 X 0 0 0 Nolan McCants Strategic Advisor 20 0 X 0 0 0 Victoria Sherman Vice President and Board Member 20 20 X 0 0 0 Michael Dermer CEO and Board Member 20 20 X X 0 0 0 0 130000 0 1 0 0 0 Heather Frank 7704 Los Cruces Ave Bakersfield CA 93309 Connects with fundraisers and partners with grant writing team. 110000 1 0 0 0 1949848 0 357884 0 2307732 Columbus Foundation 923110 100000 100000 0 0 UPS 923110 48750 48750 0 0 First Citizens 923110 100000 100000 0 0 United Way Central Maryland 923110 25000 25000 0 0 Molson Coors 923110 70000 70000 0 0 529514 529514 0 0 873264 0 0 0 0 0 0 3180996 873264 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 130000 0 130000 0 5000 0 5000 0 2500 0 2500 0 0 0 0 0 109999 109999 0 0 0 0 7500 0 7500 0 0 0 0 0 0 0 0 0 1000000 1000000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1553 1553 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Program Development (Board and Ambassadors) 137694 137694 0 0 Program Marketing 360336 360336 0 0 Operations 929296 929296 0 0 Bad Debt and Misc 248601 248601 0 0 2932479 2677480 145000 109999 14638 92543 0 0 0 0 898600 786732 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 913238 879275 232260 22400 0 0 0 0 0 0 0 0 0 0 0 0 0 0 115172 42552 347432 64952 X 565806 814323 0 0 565806 814323 913238 879275 X 248517 0 0 0 0 0 X 0 1 X 0 0 X 198000 595989 1076574 2098492 3180996 7150051 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 198000 595989 1076574 2098492 3180996 7150051 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 7150051 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 198000 595989 1076574 2098492 3180996 7150051 1 1 0 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED Line of Credit 42552 42552 3180996 0 0 0 0 0 3180996 0 0 0 3180996 2932479 0 0 0 0 0 2932479 0 0 0 2932479 X X X X X 1 Heather Frank 7704 Las Cruces Avenue Bakersfield CA 93309 Connects with fundraisers and partners with grant writing team. 0 0 109999 -109999 0 109999 -109999 All States TLE Enterprises LLC TLE Enterprises LLC is 90 percent owned by Michael Dermer 1000000 The related party provides In-Kind Contributions of 4000 Licenses of the Learning Community valued at $250 per license pursuant to a License Agreement. 0 TLE Enterprises LLC TLE Enterprises LLC is 90 percent owned by Michael Dermer 195000 The relatedd party forgave payments due for Licenses of the Learning Community. This reduced payables and was added to Miscelleaneou Income 0 TLE Enterprises LLC TLE Enterprises LLC is 90 percent owned by Michael Dermer 928987 The related party provides IN-Kind Contributions of free hours of staff time to the entity free of charge. 0 TLE Enterprises LLC TLE Enterprises LLC is 90 percent owned by Michael Dermer 74000 The related party provides a Line of Credit of up to $500,000 to the entity pursuant to a Line of Credit Agreement. This amount was repaid under the Line of Credit to leave a balance of $42,552. 0 TLE Enterprises LLC TLE Enterprises LLC is 90 percent owned by Michael Dermer 274482 The related party pays for a portion of staff time of staff that provide services to the related party. 0 Form 990, Part VI, Section A, Line 6 Form 990, Part VI, Section A, Line 6 - The company is a "C" corporation with stockholders. Form 990, Part VI, Section A, Line 7a The company is a "C" corporation with stockholders that have the right to elect the Board of Directors (the governing body). Form 990, Part VI, Section A, Line 7b The company is a "C" corporation with stockholders that have the right to elect the Board of Directors and approve certain other fundamental transactions. Form 990, Part VI, Section B, Line 11b The review process involves the submission of a final draft and to the Board of Directors who provide feedback. The Form is provided with Financial Statements and Program Documents that are used to provide the answers to various questions jn the Form. The Board reviews the form with leadership who provided answers to any questions. After completion, the Board approved the Form for filing. Form 990, Part VI, Section B, Line 12c As part of all Board meetings and supplemental Board calls, all Board members are asked to provide any potential conflicts or to affirm that no such conflicts exist and compliance with the Conflict of Interest Policy. Form 990, Part VI, Section B, Line 15 Neither the CEO or the Head of Operations receive any compensation from the company for their services. Form 990, Part VI, Section C, Line 19 These documents are available via the our web site (https://lonelyentrepreneur.org) or via our GuideStar Profile (https://www.guidestar.org/profile/82-5384709) Form 990, Part XI, Line 9 To adjust for dollar rounding TLE ENTERPRISES LLC 336 Lexington Avenue Suite 5 New York NY 10016 475068952 education services NJ N/A Related 0 0 0 0 0 1 0 1 0 0 0 0 0 1 0 1 1 1 0 0 0 0 TLE ENTERPRISES LLC m 1000000 The related party provides In-Kind Contributions of 4000 Licenses of the Learning Community valued at $250 per license pursuant to a License Agreement. TLE ENTERPRISES LLC e 195000 The related party forgave payments due for Licenses of the Learning Community. This reduced payables and was added to Miscellaneous Income TLE ENTERPRISES LLC o 928987 The related party provides IN-Kind Contributions of free hours of staff time to the entity free of charge. TLE ENTERPRISES LLC e 74000 The related party provides a Line of Credit of up to $500,000 to the entity pursuant to a Line of Credit Agreement. Repayment of $74,000 on the line of credit. TLE ENTERPRISES LLC o 274482 The related party pays for a portion of staff time of staff that provide services to the related party.