Exempt Organizations Annual Reporting Requirements - Form 990, Part VII and Schedule J: Whose Compensation Must Be Reported in Part VII, Form 990
Which persons must be listed as officers, directors, trustees, key employees and five highest compensated employees on Part VII of Form 990?
The organization must list all of its current officers, directors and trustees, as those terms are defined in the Glossary in the instructions, regardless of whether any compensation was paid to such individuals. The organization must also list up to 20 current employees who satisfy the definition of key employee (persons with certain responsibilities and reportable compensation greater than $150,000 from the organization and related organizations), and its five current highest compensated employees with reportable compensation greater than $100,000 from the organization and related organizations who are not officers, directors, trustees or key employees of the organization.
Special filing amounts and requirements apply for a former--a person who was an officer, director, trustee, key employee or one of the organization’s five highest compensated employees, in one of the five prior reporting years.
TIP: All filing organizations (not just section 501(c)(3) organizations) must list and report compensation paid to the organization’s five highest compensated employees with reportable compensation greater than $100,000 from the organization and related organizations, as well as to its five highest compensated independent contractors to which the organization paid more than $100,000 for services. See Part VII and related instructions.