Nonprofit · EIN 82-5384709
LONELY ENTREPRENEUR INC
Tax-exempt · NEW YORK, NY 10016
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,825,351 | $4,432,348 | $393,003 | $244,889 | $324,953 | -$80,064 |
| December 31, 2024 | 990 (amended) | $4,110,180 | $3,692,070 | $418,110 | $672,386 | $169,953 | $502,433 |
| December 31, 2023 | 990 | $3,180,996 | $2,932,479 | $248,517 | $879,275 | $64,952 | $814,323 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,660,151
- Program service revenue
- $1,165,200
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $20,000
- Accounting fees
- $10,000
- Program services (functional)
- $4,227,348
- Management and general (functional)
- $205,000
Balance sheet and other
- Total assets, start of year
- $672,386
- Total assets, end of year
- $244,889
- Total liabilities, end of year
- $324,953
- Net assets, end of year
- -$80,064
- Net assets without donor restrictions
- -$80,064
- Gross receipts
- $4,825,351
- Employees
- 0
- Volunteers
- 53
- Year formed
- 2018
- State of legal domicile
- NJ
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Samantha Lankford | Executive Director of Entrepreneur Success Key employee | 20 | $0 | $150,000 |
| Yvette Donado | Board Member and Head Hispanic Entrepreneur Initiatives Lead Trustee or director | 20 | $0 | $0 |
| Dale Moss | Board Member Trustee or director | 10 | $0 | $0 |
| Marcel Portmann | Board Member Trustee or director | 20 | $0 | $0 |
| Sadiq Sharif | Board Member Trustee or director | 20 | $0 | $0 |
| Victoria Sherman | Vice President and Board Member Trustee or director, Officer, Key employee | 20 | $0 | $0 |
| Michael Dermer | CEO and Board Member Trustee or director, Officer, Key employee | 20 | $0 | $0 |
| Nolan McCants | Strategic Advisor Trustee or director | 20 | $0 | $0 |
990 for the year ended December 31, 2024: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Samantha Lankford | Executive Director of Entrepreneur Success Key employee | 20 | $0 | $150,000 |
| Yvette Donado | Board Member and Head Hispanic Entrepreneur Initiatives Lead Trustee or director | 20 | $0 | $0 |
| Dale Moss | Board Member Trustee or director | 10 | $0 | $0 |
| Marcel Portmann | Board Member Trustee or director | 20 | $0 | $0 |
| Sadiq Sharif | Board Member Trustee or director | 20 | $0 | $0 |
| Victoria Sherman | Vice President and Board Member Trustee or director, Officer | 20 | $0 | $0 |
| Michael Dermer | CEO and Board Member Trustee or director, Officer, Key employee | 20 | $0 | $0 |
| Nolan McCants | Strategic Advisor Key employee | 20 | $0 | $0 |
990 for the year ended December 31, 2023: 8 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Samantha Lankford | Executive Director of Entrepreneur Success Officer, Key employee | 20 | $0 | $130,000 |
| Yvette Donado | Board Member and Head Hispanic Entrepreneur Initiatives Lead Trustee or director | 20 | $0 | $0 |
| Dale Moss | Board Member Trustee or director | 10 | $0 | $0 |
| Marcel Portmann | Board Member Trustee or director | 20 | $0 | $0 |
| Sadiq Sharif | Board Member Trustee or director | 20 | $0 | $0 |
| Nolan McCants | Strategic Advisor Institutional trustee | 20 | $0 | $0 |
| Victoria Sherman | Vice President and Board Member Officer | 20 | $0 | $0 |
| Michael Dermer | CEO and Board Member Officer, Key employee | 20 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 336 LEXINGTON AVE APT 5, NEW YORK, NY 10016-0936
- Mailing address (990-N for 2018)
- 336 Lexington Avenue Suite 5, New York NY 10016
- Principal officer (990 for 2025)
- Michael Dermer, 336 Lexington Avenue, Suite 5, New York, NY 10016
- Principal officer (990-N for 2018)
- Michael Dermer, 336 Lexington Avenue Suite 5, New York NY 10016
- Signed the 990
- Michael Dermer, CEO
- Phone
- (201) 686-9684
Mission
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
Program accomplishments
- The Lonely Entrepreneur partnered with the Appalachian Sustainable Development to provide rural residents in Appalacia with free access to the Learning Community.Expenses $163,997 · revenue $50,000
- The Lonely Entrepreneur partnered with the United Way of Central Maryland to provide rural residents in Appalacia with free access to the Learning Community throughout central MarlandExpenses $172,862 · revenue $39,000
- 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 $150,700 · revenue $25,000
- 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 $3,739,789 · revenue $1,051,201
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-5384709
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B90)
- Assets (IRS master file)
- $244,889
- Income (IRS master file)
- $4,825,351
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,825,351 | $4,432,348 | $244,889 | XML |
| 990 | December 2024 | $4,110,180 | $3,692,070 | $672,386 | IRS |
| 990 | December 2023 | $3,180,996 | $2,932,479 | $879,275 | XML |
| 990 | December 2022 | $2,098,492 | $1,845,918 | $913,238 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2018 Officer: Michael Dermer | December 31, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-5384709).
Questions about LONELY ENTREPRENEUR INC
- What is the EIN of LONELY ENTREPRENEUR INC?
- The employer identification number (EIN) of LONELY ENTREPRENEUR INC is 82-5384709.
- Is LONELY ENTREPRENEUR INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to LONELY ENTREPRENEUR INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LONELY ENTREPRENEUR INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LONELY ENTREPRENEUR INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LONELY ENTREPRENEUR INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of LONELY ENTREPRENEUR INC?
- The 990 for the year ended December 31, 2025 names Michael Dermer.
- Who are the officers and directors of LONELY ENTREPRENEUR INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does LONELY ENTREPRENEUR INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,825,351, expenses of $4,432,348 and total assets of $244,889 at year end.
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