UPDATE (10/31/15):  UNFORTUNATELY, THESE REGULATIONS WERE PROMULGATED AND WILL BE EFFECTIVE AS OF JANUARY 1, 2016. WE WILL BE FOLLOWING UP WITH A POST ON THE IMPORTANCE OF MAKING NONPROFITS AWARE OF THE NEW RULES AND OF INCORPORATING AN ANNUAL CHECKLIST AS PART OF EVERY BOARD CALENDAR. In a previous post, we warned our readers […]