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section 13 (a) or 15 (d) of the Securities Exchange Act of 1934 ( 15 <br /> U . S . C . 78m (a) , 78o (d)) or section 6104 of the Internal Revenue Code <br /> of 1986 . (To determine if the public has access to the compensation <br /> information , see the U . S . Security and Exchange Commission total <br /> compensation filings at httu : /hvw" . sec . gov/answers/execomp htm ) <br /> 2 . Where and when to report. You must report executive total compensation <br /> described in paragraph c . 1 . of this award term : <br /> a . To the recipient . <br /> b . By the end of the month following the month during which you make <br /> the subaward . For example , if a subaward is obligated on any date <br /> during the month of October of a given year (i . e . , between October 1 <br /> and 31 ) , you must report any required compensation information of the <br /> subrecipient by November 30 of that year . <br /> D . Exemptions <br /> 1 . If, in the previous tax year, you had gross income , from all sources, under <br /> $ 300 , 000 , you are exempt from the requirements to report : <br /> a . Subawards , and <br /> b . The total compensation of the five most highly compensated <br /> executives of any subrecipient . <br /> E . Definitions . For purposes of this award term : <br /> 1 . Entity means all of the following , as defined in 2 CFR part 25 : <br /> a. A Governmental organization , which is State , local government or <br /> Indian Tribe ; <br /> b . A foreign public entity ; <br /> c . A domestic or foreign nonprofit organization ; <br /> d . A domestic or foreign for-profit organization ; and <br /> e . A Federal agency , but only as a sub recipient under an award or <br /> subaward to a non -Federal entity . <br /> 2 . Executive means officers , managing partners , or any other employees in <br /> management positions . <br /> 3 . Subaward : <br /> a . This term means a legal instrument to provide support for the <br /> performance of any portion of the substantive project or program for <br /> which you received this award and that you as the recipient award to <br /> an eligible subrecipient . <br /> b . The term does not include your procurement of property and services <br /> needed to carry out the project or program (for further explanation , see <br /> 38 <br />