What is considered as a parachute payment in Form 990?
5.4k views | Last modified 12/26/2023 4:41:51 AM EST |

Applicable To
990-PF 990-N 990-EZ 990 8868 1120-POL

Parachute payments are considered payments that include compensations, bonuses, severances, payments that occur due to a change in control of the organization, and other similar payments. 

An organization that makes a parachute payment of more than $1,00,000 to any covered employee is required to file Form 4270. 

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