The organization must list all of its current officers, directors, and trustees, as those terms are defined in the Glossary contained in the instructions. The following tips and FAQs relate to core form Part VII and Schedule J executive compensation reporting.View and print all executive compensation tips PDF. Form 990 Part IPart XII (12 pages). Part VII, Column D lists the compensation included on an employee's Form W-2 and a director's Form 1099-MISC. Section B of Part VII requires the listing and reporting of compensation of the organization's top 5 highest paid independent contractors that receive more than. Prepare Form 990, Part VII - Compensation of officers, etc. To complete officer compensation, this article applies to: FORM 990 PART VII, SECTION A., 1a. Let's see a complete instruction guide on how to fill out Form 990.