Financial Management

Stock Bitcoins falling

Strategies  

  • Investments
  • | Policy
  • | Risk Management

Developing a Cryptocurrency Policy This item is protected.

Accepting cryptocurrency is relatively straightforward, but holding it requires careful consideration.
3 min read
Image of Zoe Schwam coaching hockey at Portledge School

Other Duties As Assigned  

  • Accounting
  • | Membership

If the Hat Fits, Wear It

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

CEO Notebook  

  • Membership
  • | Planning

NBOA’s New Strategy Begins and Ends With You

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
Photo of the Pine Crest School business office staff.

Voices from the Field  

  • Cash Management
  • | Reports

Piece by Piece

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
Miss Porter's School students
  • Diversity and Inclusion
  • | Endowment

Room to Grow: Becoming an Anti-Racist Institution

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  

  • Budget
  • | Change Management
  • | Leadership

Low-Cost, High-Impact Innovation

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
pie chart stock photo
  • Membership
  • | Planning

Strategies: Strategic Financial Planning for School Business Leaders

NBOA’s latest book provides key considerations to help professionals new to independent school business succeed in their leadership roles.
3 min read
  • Cash Management
  • | Financial Aid

Business Intelligence: Pandemic Predictions and Outcomes in School Finance

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
  • Compensation Strategies
  • | Employee Benefits
  • | Tax

Tax Implications of Head-of-School Compensation Packages

Fringe benefits included in head-of-school packages may help attract strong candidates, but be aware of compliance issues.
6 min read
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/EJyJ9skYTh2FdroPNxow_accounting.png
  • Accounting
  • | Audit

2022 Accounting and Tax Updates and Reminders for Independent Schools

A number of areas, including leases and employee retention credits, may require renewed attention this year.
7 min read
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/fvFNU4t0TEuZ3hbWPv0H_Bergin.png
  • Boards and Trustees
  • | Gift
  • | Leadership

Other Duties as Assigned: Who’s Asking?

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
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/ndOKkFrSnSmY2m3MekAg_Reichling%20Tax%20MA22.jpeg
  • Accounting
  • | Tax

A Practical Approach to Tax Compliance

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
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/2QXkUi6TRbSTrZ0xps2Z_Holmes%20Better%20World%20MA22.jpeg
  • Financing
  • | Investments

Financing a Better World: ESG and Credit Ratings This item is protected.

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
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/Q37QZ9nWSQugCEkwaCD1_bis%20intel%20(1).png

Business Intelligence  

  • Endowment
  • | Research

Business Intelligence: Larger Data Sets, Improved Tools

Look for new ways to filter data, create presentations and study endowment data with the latest BIIS updates.
3 min read
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/JeNaGCfTRAWltjGS0nSy_commonfund.png
  • Endowment
  • | Research

Independent Schools Report 25.8% Return on Endowment Assets for FY2021 This item is protected.

More independent schools are exploring responsible investing policies and practices.
4 min read
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/md11fDxxRtmPeRUjOixN_data%20sets.png

Strategies  

  • Financing
  • | Reports

Financial Reporting in a Flash

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
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/TUcPk2waTzG1sgDJugux_bis%20intel.png

Business Intelligence  

  • Enrollment
  • | Financing
  • | Salary

Business Intelligence: Fewer Students and More Staff Signal New Paradigms

While enrollment has declined slightly over the past few years, staffing has increased. How can schools offset increased costs?
4 min read
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/5K7IM0dlTkeTMtYqAy3y_crypto.png
  • Financing
  • | Investments
  • | Technology

FAQ: Cryptocurrency and the Business Office

What business officers need to know about the latest changes in technology and digital strategy.
3 min read
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/OT9D2l9NQ0eBYuRGd3wh_ERC%20guidance.png
  • Pandemic
  • | Tax

Employee Retention Credit Accounting Guidance for Independent Schools

Thorough and consistent documentation is key to success.
4 min read
https://higherlogicdownload.s3.amazonaws.com/NBOA/UploadedImages/c781eb1f-9fca-4408-b2f8-9bceec57f0af/NetAssets/2021/08/audit__1_.png
  • Audit
  • | Technology

The Future of Auditing in Schools

With careful planning, a mostly remote audit can improve teamwork and more meaningful communication between auditors and school staff.
7 min read

NET ASSETS PODCAST

Net Assets Podcast

Listen to the latest episode of the Net Assets podcast.

Get Net Assets NOW

Subscribe to NBOA's free twice-monthly newsletter.

SUBSCRIBE