Form 990

• In Part VII, Section A, Line 1a, of Form 990, an organization lists its current key employees and five highest-compensated employees. The organization also lists current and former employees, trustees or directors who receive(d) more than $100,000 in compensation. Your entries in Part VII, Section A, Line 1a determine if you must complete Schedule J.
  
  

Listing Key Employees

• Key employees, who must be listed in Part VII, Section A, Line 1a, of Form 990, are defined by the IRS as those whose compensation exceeds $150,000. Their position in the company is irrelevant--their compensation is the only criteria. If you have one employee with that compensation level, you must complete a Schedule J.
  
  

Schedule J

• If you list any employees in Part VII, Line 1a, you must answer "yes" to the question in Part IV, line 23 which asks if you listed any employees in Part VII, Section A, Line 1a. If you answer "yes," you are required to complete Schedule J.