Laserfiche WebLink
highly compensated executives for the subrecipient's preceding completed fiscal <br /> year, if- <br /> a . In the subrecipient' s preceding fiscal year, the subrecipient received - <br /> i . 80 percent or more of its annual gross . revenues from Federal <br /> procurement contracts (and subcontracts) and Federal financial <br /> assistance subject to the Transparency Act , as defined at 2 CFR <br /> 170 . 320 (and subawards) ; and <br /> ii . $25 , 000 , 000 or more in annual gross revenues from Federal <br /> procurement contracts (and subcontracts) , and Federal financial <br /> assistance subject to the Transparency Act (and subawards) ; and <br /> b . The public does not have access to information about the compensation of <br /> the executives through periodic reports filed under section 13 (a ) or 15 (d) <br /> of the Securities Exchange Act of 1934 ( 15 U . S . C . 78m (a) , 78o (d )) or <br /> section 6104 of the Internal Revenue Code of 1986 . (To determine if the <br /> public has access to the compensation information , see the U . S . Security <br /> and Exchange Commission total compensation filings. at <br /> http ://www . sec. gov/answers/ex6comp . htm <br /> 2 . Where and when to report . You must report executive total compensation <br /> described in paragraph c. 1of this award term : <br /> . a . To the recipient. <br /> b . By the end of the month following the month during which you make the <br /> subaward . For example , if a subaward is obligated on any date during the <br /> month of October of a given year (i . e . , between October 1 and 31 ) , you <br /> must report any required compensation information of the subrecipient by <br /> 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 executives of <br /> 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 /> L_ <br /> 1 <br />