General Compensation Reporting Requirements
Most organizations exempt from federal income tax under section 501(a) of the Internal Revenue Code (Code) are required to file Form 990, Return of Organization Exempt from Income Tax, and report the compensation of officers, directors, and trustees, as well as certain key employees with significant responsibilities in terms of decision-making for the organization’s operations.1 In addition, the five highest paid employees who receive payment over a threshold of $100,0002 from the reporting organization and any related organizations are also disclosed.