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. Prepare Form 990, Part VII - Compensation of officers, etc. To complete officer compensation, this article applies to: Use screen OFF to get officer and contraction information to flow to Part VII on Form 990 in Drake Tax. Part VII, Column D lists the compensation included on an employee's Form W-2 and a director's Form 1099-MISC. Each year at tax preparation time, your tax advisor or auditor should request an updated listing of your board of directors. Let's see a complete instruction guide on how to fill out Form 990. Part VII – Compensation: (cont.) ▫ The following must be reported: • Current officers, directors, and trustees (no minimum compensation.