Other Duties As Assigned
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Accounting
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Leadership
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Membership
This business officer represents independent schools on the FASB Not-for-Profit Advisory Committee.
4 min read
Strategies
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Investments
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Policy
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Risk Management
Accepting cryptocurrency is relatively straightforward, but holding it requires careful consideration.
3 min read
Holding roles as diverse as hockey coach and human resources director, this now director of financial reporting has deep connections across her school.
3 min read
Member insights were crucial in developing NBOA’s new strategic framework – and we’ll need your feedback today and going forward to assess its progress.
5 min read
Voices from the Field
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Cash Management
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Reports
The 2022 recipient of the Ken White Distinguished Business Officer Award, Nancy Greene, is known for mastering advanced strategies in finance and risk, and communicating their importance to colleagues and peers.
9 min read
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Diversity and Inclusion
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Endowment
Miss Porter’s School has leveraged its large endowment and operating budget to challenge systemic racism. Miss Porter's is one of three schools to receive this year's Innovation Excellence Award.
4 min read
CEO Notebook
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Budget
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Change Management
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Leadership
As we move away from the forced changes of pandemic years and into intentional innovation, consider a few low- to no-cost efforts successfully undertaken by colleges and universities.
5 min read
NBOA’s latest book provides key considerations to help professionals new to independent school business succeed in their leadership roles.
3 min read
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Cash Management
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Financial Aid
Mid–2020, business officers predicted a bumpier outcome for FY21 than came to pass. Deficits and cash draws were smaller, while aid awards were higher.
4 min read
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Compensation Strategies
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Employee Benefits
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Tax
Fringe benefits included in head-of-school packages may help attract strong candidates, but be aware of compliance issues.
6 min read
A number of areas, including leases and employee retention credits, may require renewed attention this year.
7 min read
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Boards and Trustees
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Gift
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Leadership
A strong relationship with a long-time donor made this business officer the best person to make a major ask to fulfill a pressing need.
5 min read
NBOA’s new guide outlines the essentials of not-for-profit independent school tax compliance and how to treat compliance risks strategically.
6 min read
Environmental, social and governance practices can impact a school’s credit profile, and mitigating associated risks is key to long-term financial health.
10 min read
Look for new ways to filter data, create presentations and study endowment data with the latest BIIS updates.
3 min read
More independent schools are exploring responsible investing policies and practices.
4 min read
Focusing on 19 key financial indicators over nearly 20 years has helped one business officer ensure her school leverages resources for maximum impact.
6 min read
Business Intelligence
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Enrollment
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Financing
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Salary
While enrollment has declined slightly over the past few years, staffing has increased. How can schools offset increased costs?
4 min read
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Financing
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Investments
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Technology
What business officers need to know about the latest changes in technology and digital strategy.
3 min read
Thorough and consistent documentation is key to success.
4 min read
