True Blue Jazz Inc
Nonprofit profile at a glance
- EIN
- 471429059
- IRS 990-EZ coverage
- 2014–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2016
- Location
- Lewes, DE, USA
- Phone
- 6108045048
- Rating
- 94
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Performing Arts Organizations
Reported finances
- Revenue
- $110,225
- Expenses
- $102,036
- Assets
- $5,775
- Liabilities
- $36,841
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- SHERMAN WARD (PRESIDENT)
- MARGARET I RALEY-WARD (VICE PRESIDENT)
People named in this filing
- TERRY PLOWMAN (DIRECTOR)
- BARBARA PASSIKOFF (DIRECTOR)
- FRED HUGHES (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Cultivate support for a youth jazz program and assist students
What it reported doing in 2025
Jazz festival
Operating model
- Revenue model
- Donor-supported. 71% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 97% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Total assets are small relative to annual expenses; liquid coverage is unknown and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 94
- Transparency & Controls: 100
- Sustainability: 33
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 91.2%; rating input score 91
- Program expense ratio: 98.6%; rating input score 99
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: 7.4%; rating input score 50; 50th percentile among comparable filings
- Total-asset coverage ratio: 0.06; rating input score 8; 8th percentile among comparable filings
- Liabilities to assets ratio: 6.38; rating input score 1; 1st percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 9.9% per year; rating input score 100; 59th percentile among comparable filings
- Revenue growth: 11.2% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 5.1% per year; rating input score 100; 43rd percentile among comparable filings
Details
- Where the money goes: 91.2% of revenue deployed · 98.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $101K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 10 filing years from 2014 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Total-asset coverage ratio scored 8/100.
- Review — Sustainability: Operating margin scored 50/100.
- High — Sustainability: Liabilities to assets ratio scored 1/100.