Shepard School INC FY2021 filing

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The school's mission is the enhancement of educational and social functioning of each student with an eye toward the successful reintergration into public School. This is achieved through a persistent system of positive reinforcement, feedback, counseling, intervention and individual academic instruction. Shepard School strives to provide the best quality education to students by stimulating the growth and development of their moral, creative, intellectual and athletic skills. Our goal is improved academic performance and behavioral changes that will allow students to return to public School setting and/or achieve success in their post-secondary placements. We beleive any child, despite their presenting behavior and social background, wants acceptance, achievement, knowledge and the ability to interact with others. We strive to find the key that unlocks the potential of each student by providing a warm, nurturing environment so that each student's self-esteem and potential may flourish

Form 990 Part I, line 1, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3106512) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$252K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $40K a year · 0.8% of revenue · last 6 filings
A surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
93%
of spending
93% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$252K
to officers and key staff · 6% of spending
Pay to officers and key staff is 6% of spending.
Part VII, Section A
2.7 mo
of spending, in cash
2.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$522K
47% of total assets
Liabilities are 47% of assets.
Pt X · Ln 26
Independent board members
0
of 4 voting members
None of 4 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$4.4M
+2% vs prior year
Spent
$4.4M
To programs
93%
Net assets
$592K
By yearFY2020–FY2025
Revenue
$4.4M
FY2021▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.3M
FY2021$4.4M
FY2022$4.6M
FY2023$4.7M
FY2024$5.5M
FY2025$5.8M
Expenses
$4.4M
FY2021▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$4.3M
FY2021$4.4M
FY2022$4.5M
FY2023$4.7M
FY2024$5.5M
FY2025$5.7M
Net assets
$592K
FY2021▲ +8%
Tap a bar for its year
Net assets by fiscal year
FY2020$550K
FY2021$592K
FY2022$638K
FY2023$677K
FY2024$731K
FY2025$779K

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1993.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $4.1M Management & general 7% · $323K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

11 people listed on the 990; $252K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
President
$117,510Pt VII · Sec A
Principal-Sh
$73,076Pt VII · Sec A
$35,587Pt VII · Sec A
Accountant
$25,541Pt VII · Sec A
Teacher for
$0Pt VII · Sec A
Social Worke
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A

Frank Cocuzza’s $130K as President is at the 52nd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Frank Cocuzza$129,503$134,683$129,502$141,922$117,510$117,510
Katie Dulfer$118,485$110,000$103,350———
Pamela Perwein$105,158—————
Lauren Nava$84,471$83,265$80,408$88,119$73,076$70,715
Annmarie Scorzo$46,427$41,638$41,786$44,350$35,587$33,617
Florian Dilizia$31,831$28,848$28,951$31,830$25,541$25,540
Jeanne Cocuzza—$31,467$9,766———
Josie Viola$23,848—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Shepard School INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Shepard School INC is an education nonprofit based in Morristown, NJ, formed in 1991.

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1 program · $4.1M · in their own filed words · FY2020
01

The shepard school is a state approved school for handicapped students. The students are provided with a program designed to improve each student's academic functioning and behavior to a level where they will be able to be successfully re-intergrated into the public schools.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 22-3106512) · Dispute this line
$4.1Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Fees for servicesLn 2g$4.4M
Other incomeLn 4–11$2K
Gifts and grantsLn 1h$1K
Money outPt IX
$4.4M
Ln 25
Programscol B$4.1M
Managementcol C$323K
Owns and owesPt X
$592K
net assets · Ln 32
Cash and savingsLn 1–2$997K
Total assetsLn 16$1.1M
LiabilitiesLn 26$522K
PeoplePt VI, VII
11
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1K
Fees for servicesLn 2g$4.4M
Investment incomeLn 3$14
Other incomeLn 4–11$2K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
CashLn 1$997K
Cash and savings togetherLn 1–2$997K
Accounts receivableLn 4$73K
Prepaid expenses and deferred chargesLn 9$23K
Land, buildings, equipmentLn 10c$5K
Other assetsLn 15$16K
Total assetsLn 16$1.1M
LiabilitiesLn 26$522K
Net assetsLn 32$592K
OperationsPt I, VI
EmployeesI 593
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.4M$997K
Land, buildings, equipmentLn 10c$8K$5K
Total assetsLn 16$1.7M$1.1M
LiabilitiesLn 26$1.2M$522K
Net assetsLn 32$550K$592K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$153K$59K$94K
Other salaries and wagesLn 7$2.5M$2.4M$63K
Pension plan contributionsLn 8$289K$253K$35K
Other employee benefitsLn 9$347K$327K$21K
Payroll taxesLn 10$216K$203K$13K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$15K$15K
Advertising and promotionLn 12$775$775
OccupancyLn 16$237K$237K
TravelLn 17$1K$1K
Conferences, conventions and meetingsLn 19$2K$2K
InterestLn 20$3K$3K
Depreciation, depletion and amortizationLn 22$3K$3K
InsuranceLn 23$81K$43K$38K
Other expenses (24a–d)Ln 24$497K$479K$19K
All other expensesLn 24e$85K$64K$21K
Total functional expensesLn 25$4.4M$4.1M$323K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 6, 2026 $5.8M$5.7M$48K$779K 990 PDF
FY2024Filed with the IRS May 9, 2025 $5.5M$5.5M$54K$731K 990 PDF
FY2023Filed with the IRS May 9, 2024 $4.7M$4.7M$39K$677K 990 PDF
FY2022Filed with the IRS May 8, 2023 $4.6M$4.5M$46K$638K 990 PDF
FY2021 ViewingFiled with the IRS Apr 19, 2022 $4.4M$4.4M$42K$592K 990 PDF
FY2020Filed with the IRS May 7, 2021 $4.3M$4.3M$10K$550K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2021 990
Part I · Summary $4,434,235 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,500$1,000
I-9 Program service revenuePrior year $4,332,583$4,431,560
I-10 Investment incomePrior year $17$14
I-11 Other revenuePrior year $1,014$1,661
I-12 Total revenuePrior year $4,336,114$4,434,235
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $3,173,946$3,464,609
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $1,152,495$927,481
I-18 Total expensesPrior year $4,326,441$4,392,090
I-19 Revenue less expensesPrior year $9,673$42,145
Part VI · Governance 0 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $4,434,235 across 6 lines filed
VIII-1f All other contributions, gifts and grants$1,000
VIII-1h Total contributions, gifts and grants$1,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,431,560$4,431,560
VIII-3 Investment incomeRelated to mission $14$14
VIII-8 Net income from fundraising eventsExcluded from tax $1,661$1,661
VIII-12 Total revenueRelated to mission $4,431,574 · Excluded from tax $1,661$4,434,235
Part IX · Statement of functional expenses $4,392,090 across 16 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $58,755 · Management $94,342$153,097
IX-7 Other salaries and wagesPrograms $2,396,310 · Management $62,704$2,459,014
IX-8 Pension plan contributionsPrograms $253,432 · Management $35,163$288,595
IX-9 Other employee benefitsPrograms $326,629 · Management $20,849$347,478
IX-10 Payroll taxesPrograms $203,439 · Management $12,986$216,425
IX-11b Legal feesManagement $3,153$3,153
IX-11c Accounting feesManagement $15,435$15,435
IX-12 Advertising and promotionManagement $775$775
IX-16 OccupancyPrograms $237,060$237,060
IX-17 TravelPrograms $1,216$1,216
IX-19 Conferences, conventions and meetingsPrograms $1,636$1,636
IX-20 InterestPrograms $2,537$2,537
IX-22 Depreciation, depletion and amortizationPrograms $2,848$2,848
IX-23 InsurancePrograms $42,518 · Management $38,020$80,538
IX-24 Other expenses (24a–d)Programs $478,646 · Management $18,604$497,250
IX-24e All other expensesPrograms $64,176 · Management $20,857$85,033
IX-25 Total functional expensesPrograms $4,069,202 · Management $322,888 · Fundraising $0$4,392,090
Part X · Balance sheet $1,113,802 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,433,765$996,580
X-4 Accounts receivableStart of year $239,156$73,379
X-9 Prepaid expenses and deferred chargesStart of year $39,511$23,065
X-10c Land, buildings and equipment, netStart of year $7,626$4,778
X-15 Other assetsStart of year $16,000$16,000
X-16 Total assetsStart of year $1,736,058$1,113,802
X-17 Accounts payable and accrued expensesStart of year $700,683$521,609
X-26 Total liabilitiesStart of year $1,186,010$521,609
X-27 Net assets without donor restrictionsStart of year $33,710$36,375
X-28 Net assets with donor restrictionsStart of year $516,338$555,818
X-32 Total net assets or fund balancesStart of year $550,048$592,193
X-33 Total liabilities and net assetsStart of year $1,736,058$1,113,802
Part XI · Reconciliation of net assets $592,193 net assets at year end
XI-1 Total revenue$4,434,235
XI-2 Total expenses$4,392,090
XI-3 Revenue less expenses$42,145
XI-4 Net assets at start of year$550,048
XI-10 Net assets at end of year$592,193

Form 990 e-file FY2021 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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