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Budget
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Forms
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Planning
Distributing a budget request form in the fall will build good will across the school and give you a comprehensive view of school needs and wants.
4 min read
While the calculation requires collaboration, the results can help schools achieve their goals more efficiently.
5 min read
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Budget
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Financing
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Investments
To react quickly and appropriately to new market conditions, independent schools should understand inflation trends and prepare for potential outcomes.
5 min read
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Accounting
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Financing
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Procedures
These financial reporting strategies can help business officers and their finance teams focus on value-added initiatives and strategic work to to improve their school's governance and control.
4 min read
To help combat adolescent stress and to give both students and staff a breather, schools are investing in school wellness centers that emphasize connectedness.
7 min read
When presented with purpose, financial data can make all the difference in preparing your school for the road ahead.
4 min read
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
