Navigating Part VII of the Form 990

by Kristen M. Conway, CPA, Audit Manager

Posted on May 24, 2018

Each year non-profit organizations complete and file the IRS Form 990. The Form 990 requires the disclosure of certain compensation information for select individuals. Below are some pointers to help you navigate this portion of the Form 990.

Part VII distinguishes between those individuals who are considered current and those who are considered to be former. Current Individuals include those who served during the Organization’s tax year. Current individuals requiring disclosure include:

Directors, trustees, and officers regardless of compensation amount. This includes the top management and top financial officials for the Organization.
Up to 20 key employees with compensation over $150,000
The remaining 5 highest compensated employees over $100,000

Former individuals requiring disclosure include those previously reported on the Form 990 in one of the last five years and who received either $100,000 for officers and key employees and $10,000 for directors and trustees.

Non-profit organizations should review their Form 990 and ensure required individuals are included and properly disclosed.

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