It is surprising how few people who serve on boards of directors of US non-profit corporations know about their responsibilities and usually know nothing about some of the risks, such as "Intermediate Sanctions" - Draconian.
And because those sanctions are an excise tax it is questionable whether they can be insured against via omissions and errors insurance.
https://www.irs.gov/charities-non-profits/charitable-organizations/intermediate-sanctions
