This award recognizes NBOA member schools that have demonstrated innovation in school business operations, through approaches, programs and/or practices that may serve as a model in our independent schools community.
For developing the Remote Net Metering Credit Consortium, a partnership of seven independent schools and an arts education center to create a hydroelectric power consortium. Read in Net Assets magazine about creating a clean energy consortium.
For former business officer Chad Stacy’s development of the Financial Sustainability Heat Map, which has been used by schools across the country to improve their financial position. Read in Net Assets magazine about how four schools have used the Heat Map since it was first shared in 2016.
For the Sea Lab project, which answered a question of deferred maintenance with enhanced program, critical enrollment gains, stronger community ties, alternative revenue and social impact. Read in Net Assets magazine about the SeaLab program and the school's strategy to use maintenance projects to enhance learning and impact.
For developing a project-based learning lab that has helped generate non-tuition revenue and expand the school’s PK-12 program. Read in Net Asset magazine about learning labs as external revenue streams.
For launching a no-frills micro-school that offers competitive teacher salaries and a tuition that is half of neighboring independent schools. Read in Net Assets magazine about the vision and execution of The Downtown School.
For leveraging its endowment and operating budget to challenge systemic racism. Read in Net Asset magazine about how the school is working towards becoming an anti-racist institution through school business.
For developing community COVID-19 testing at the beginning of the pandemic and developing the Baylor Esoteric and Molecular Laboratory. Read in Net Assets magazine about the innovative science lab that developed critical tests.
For developing Mount Vernon Ventures, an educational consulting service and design studio. Read in Net Assets magazine about the teacher training program that generates non-tuition revenue.
Honorable Mention
For the Tuition Guarantee Program, which resulted in predictable budgeting, increased retention and enhanced financial partnerships with families. Read in Net Assets magazine about the tuition price lock and its financial impacts.
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