National Standard 8: Board and CEO Compensation
A community foundation's governing body oversees a clearly articulated process for board governance and serves without compensation (exclusive of the chief executive officer).
8.1 Do any of your board members receive compensation from the community foundation for their service as a board member exclusive of the chief executive officer? The reviewer will cross check this information against your Form 990.
8.2 Is your CEO’s compensation recorded on the Form 990? The CEO’s compensation must be listed regardless of what that salary is. Here is the IRS citation for more information http://www.irs.gov/Charities-&-Non-Profits/Form-990-Part-VII-and-Schedule-J-Reporting-Executive-Compensation-Individuals-Included-(Tip-%231)