Feature
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Communication
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Leadership
How to create efficiency and effectiveness using the Entrepreneurial Operating System.
Digital education can support the independent school business model in two primary ways.
Business Intelligence
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Enrollment
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Research
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Tuition
A school’s location can play a role in their financial operations.
A strong partnership between the chief business officer and chief advancement officer leads to better outcomes in all areas of school business, from tuition revenue to planned giving.
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International
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Membership
Though NBOA has had schools outside the U.S. in its membership from very early days, the mid-2010s marked a period of growth for the organization’s international member base.
Data on discounting in terms of need, remission and other related data points by tuition levels.
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Diversity and Inclusion
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Financial Aid
Two schools share strategies for improving socioeconomic inclusion through voluntary, community-led programs and innovative fundraising efforts.
Feature
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Diversity and Inclusion
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Enrollment
Those in the business office have a distinct role to play in supporting economic diversity and inclusion efforts.
While the calculation requires collaboration, the results can help schools achieve their goals more efficiently.
Feature
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Enrollment
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Financial Aid
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Tuition
Four schools detail how they have enrolled students from the full range of family incomes — and the impacts on both school finance and culture.
Once an admissions “roadrunner,” this leading enrollment officer continually evolved in her role as the field did the same.
Benchmark and assess school finances using this metric: percentage of school operating expenses covered by net tuition and fees.
Feature
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Communication
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Leadership
Three business officers in Northern California banded together to improve transportation for their schools. Now a larger group of 20 is considering solutions across the business office.
Advancement teams are drowning in software, but it’s often de-centralized and doesn’t always meet every need. Is your school’s advancement tech stack moving you forward or holding you back?
Feature
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Enrollment
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Financial Aid
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Tuition
Implementing a net tuition revenue model and reconceptualizing financial aid helped
Moses Brown School return to full enrollment.
Lakeside School opened a no-frills micro-school that offers competitive teacher salaries and a tuition that is about half of neighboring independent schools. Lakeside School is one of three schools to receive this year's Innovation Excellence Award.
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Change Management
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Enrollment
Bennett Day School developed a project-based learning lab that has helped generate non-tuition revenue and expand its PK-12 program. Bennett Day is one of three schools to receive this year's Innovation Excellence Award.
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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.
Expanding online curriculum can also promote on-campus engagement opportunities.
Be it with a local college or business, a partnership may enable your school to offer distinctive opportunities that enhance value proposition and/or develop new revenue streams.
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