About NBOA

Founded in 1998, NBOA is a nonprofit membership association dedicated to advancing business excellence in independent schools. NBOA's continued success stems from its active and growing network of members who openly and collaboratively promote best practices and standards of excellence across all business operations within independent schools, including finance, accounting, human resources, information technology, risk management, tax compliance and facilities.

NBOA membership includes more than 1,200 schools from every region in the United States as well as international schools in Canada, Mexico and 13 other countries around the globe. Combined enrollment of member schools exceeds 226,000 students; combined budgets are nearly $5 billion.


NBOA develops, delivers, and promotes best business practices to advance independent schools.


NBOA member schools provide excellence in education supported by world-class business operations.

2016 Commonfund Benchmarks Study of Independent School Endowments


Each year, NBOA works with one of its founding business partners, Commonfund, to conduct a survey that assesses trends in independent school endowments. The study explores a number of constructive and timely topics, including total returns, asset allocation, spending-and-fund flows, and debt.

The NBOA Difference