Financial Management

Stock art concept for conference table

Other Duties As Assigned  

  • Accounting
  • | Leadership
  • | Membership

A Seat at the FASB Table 4 min read

This business officer represents independent schools on the FASB Not-for-Profit Advisory Committee.
Stock Bitcoins falling

Strategies  

  • Investments
  • | Policy
  • | Risk Management

Developing a Cryptocurrency Policy 3 min read This item is protected.

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

Other Duties As Assigned  

  • Accounting
  • | Membership

If the Hat Fits, Wear It 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.

CEO Notebook  

  • Membership
  • | Planning

NBOA’s New Strategy Begins and Ends With You 5 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.
Photo of the Pine Crest School business office staff.

Voices from the Field  

  • Cash Management
  • | Reports

Piece by Piece 9 min read

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

Room to Grow: Becoming an Anti-Racist Institution 4 min read

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.

CEO Notebook  

  • Budget
  • | Change Management
  • | Leadership

Low-Cost, High-Impact Innovation 5 min read

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.
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  • Membership
  • | Planning

Strategies: Strategic Financial Planning for School Business Leaders 3 min read

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

Business Intelligence: Pandemic Predictions and Outcomes in School Finance 4 min read

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.
  • Employee Benefits
  • | Tax

Tax Implications of Head-of-School Compensation Packages 6 min read

Fringe benefits included in head-of-school packages may help attract strong candidates, but be aware of compliance issues.
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  • Accounting
  • | Audit

2022 Accounting and Tax Updates and Reminders for Independent Schools 7 min read

A number of areas, including leases and employee retention credits, may require renewed attention this year.
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  • Boards and Trustees
  • | Gift
  • | Leadership

Other Duties as Assigned: Who’s Asking? 5 min read

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.
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  • Accounting
  • | Tax

A Practical Approach to Tax Compliance 6 min read

NBOA’s new guide outlines the essentials of not-for-profit independent school tax compliance and how to treat compliance risks strategically.
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  • Financing
  • | Investments

Financing a Better World: ESG and Credit Ratings 10 min read 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.
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Business Intelligence  

  • Endowment
  • | Research

Business Intelligence: Larger Data Sets, Improved Tools 3 min read

Look for new ways to filter data, create presentations and study endowment data with the latest BIIS updates.
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  • Endowment
  • | Research

Independent Schools Report 25.8% Return on Endowment Assets for FY2021 4 min read This item is protected.

More independent schools are exploring responsible investing policies and practices.
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Strategies  

  • Financing
  • | Reports

Financial Reporting in a Flash 6 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.
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Business Intelligence  

  • Enrollment
  • | Financing
  • | Salary

Business Intelligence: Fewer Students and More Staff Signal New Paradigms 4 min read

While enrollment has declined slightly over the past few years, staffing has increased. How can schools offset increased costs?
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  • Financing
  • | Investments
  • | Technology

FAQ: Cryptocurrency and the Business Office 3 min read

What business officers need to know about the latest changes in technology and digital strategy.
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  • Pandemic
  • | Tax

Employee Retention Credit Accounting Guidance for Independent Schools 4 min read

Thorough and consistent documentation is key to success.

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