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Page 47 of 52 <br />report any required compensation information of the subrecipient by <br />November 30 of that year. <br />d. Exemptions <br />If, in the previous tax year, you had gross income, from all sources, under $300,000, <br />you are exempt from the requirements to report: <br />i. Subawards, and <br />ii. The total compensation of the five most highly compensated executives of any <br />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 Governmental organization, which is a State, local government, or Indian <br />tribe; <br />ii. A foreign public entity; <br />iii. A domestic or foreign nonprofit organization; <br />iv. A domestic or foreign for -profit organization; <br />v. A Federal agency, but only as a subrecipient under an award or subaward to a <br />non -Federal entity. <br />2. Executive means officers, managing partners, or any other employees in <br />management positions. <br />3. Subaward: <br />i. This term means a legal instrument to provide support for the performance of <br />any portion of the substantive project or program for which you received this <br />award and that you as the recipient award to an eligible subrecipient. <br />ii. The term does not include your procurement of property and services needed <br />to carry out the project or program (for fii ther explanation, see Sec. .210 <br />of the attachment to OMB Circular A-133, "Audits of States, Local <br />Governments, and Non -Profit Organizations"). <br />iii. A subaward may be provided through any legal agreement, including an <br />agreement that you or a subrecipient considers a contract. <br />Agreement No. R18AP00081 Agreement Template <br />20 D-51 `03/2019) <br />