Form 990 Part VII and Schedule J - Reporting Executive Compensation - Compensation Reported in Prior Year (Tip #9) |
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Some amounts reported in the 2008 Form 990 as current year compensation may have also been reported in a prior year’s Form 990 or 990-EZ. This could overstate the cumulative compensation reported as paid to the individual. May the organization back out this duplicate amount on the 2008 form?
Part VII core form reporting does not permit amounts to be backed out if they were reported in a prior filing of Form 990; such double reporting may be explained in Schedule O. However, for persons listed in Schedule J, Part II, column (F) of that schedule allows for a listing of duplicate amounts that were included in the current year’s reportable compensation amount as well as in a prior year’s Form 990 filing. This may occur for compensation deferred in a prior year but paid in the current year. (It also may occur for a fiscal year organization that reported compensation on a calendar year basis for its 2008 Form 990 and on a fiscal year basis for its 2007 Form 990.) This allows the organization to depict more accurately the cumulative compensation paid to individuals listed on Schedule J.
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Page Last Reviewed or Updated: May 01, 2009