Financial Management

summer camp stock image

Business Intelligence  

  • Budget
  • | Extended Day
  • | Summer Camp

Financial Trends in Auxiliary Programs 3 min read This item is protected.

Auxiliary programs brought in higher revenues late pandemic (2021–22) than they did pre-pandemic, and with lower expenses.
Artificial intelligence

Feature  

  • Accounting
  • | Audit
  • | Legal
  • | Technology

DIY AI: Business Applications (Part 2) 13 min read This item is protected.

AI has never been more accessible, and it will impact every corner of the independent school business office.
Unsung  Paul Silva
  • Membership
  • | Planning

Unsung Hero: Paul Silva, Cushing Academy 2 min read

Silva's skilled financial management resulted in substantial tuition revenue increases backed by a long-term financial model, ensuring his school’s long-term sustainability.
Unsung Robert A. Orenstein
  • Membership
  • | Planning

Unsung Hero: Robert A. Orenstein, Avon Old Farms School 2 min read

Orenstein's dedicated approach to school finances extends to his work with the broader business officer community.
Joan McCabe
  • Debt
  • | Membership

Unsung Hero: Joan McCabe, Pinecrest Academy 2 min read

McCabe's financial skills resulted in successful debt refinancing, reduced interest rates and enhanced financial stability.

Strategies  

  • Boards and Trustees
  • | Budget

A Snapshot of School Finances 5 min read This item is protected.

This one-pager provides trustees with the information they need to spend their time together on strategy.
financial model
  • Budget
  • | Planning

Business Office Basics: The Importance of Using a Long-Range Financial Model 4 min read

The answer to some trustee questions should always be “Yes” — including, “Does the school have long-term financial projections?”
clean energy

Strategies  

  • Budget
  • | Environmental Sustainability
  • | Facilities

Creating a Clean Energy Consortium 7 min read This item is protected.

Seven independent schools and an arts education center came together to create a hydroelectric power consortium. Annual savings per school are in the tens of thousands.
firm foundations

Projections  

  • Budget
  • | Facilities

Firm Foundations Against Inflation 7 min read

School leaders are finding constructive ways to pursue capital projects despite higher materials costs, supply chain disruptions and rising interest rates.
stock image of audit button
  • Audit
  • | Budget

Business Office Basics: Know Your Audit, Part 2 5 min read

Tips on explaining to the board how the Statement of Activities relates to the operating statement, and on improving the audit note about the flow of Temporary Restricted Net Assets.
nboa member

Feature  

  • Endowment
  • | Membership

Celebrate! 25 Years of NBOA: The Endowment Landscape 13 min read

A deep dive into independent school endowments trends FY2005-FY2022, including analysis of asset allocation, performance, spending and contributions, plus a perspective on future developments.
money image

Feature  

  • Facilities
  • | Financing

Where the Money Goes 12 min read This item is protected.

When everything costs more, considered and strategic facilities spending is a must.
school solar panels
  • Budget
  • | Environmental Sustainability
  • | Facilities

Inflation Reduction Act Opens Solar Opportunities for Schools 8 min read

The IRA opens the door for nonprofits to take advantage of tax credits associated with solar power.
stock image of audit button
  • Audit
  • | Leadership

Business Office Basics: Know Your Audit, Part 1 3 min read

Mapping your school’s trial balance to the audit’s financial statements helps both you and the audit process.

CEO Notebook  

  • Investments
  • | Leadership

Perspective: A Tool You Need To Lead 4 min read

Two new research reports on critical aspects of independent school business can help your school understand its financial position and strengthen it.
investment report stock image
  • Governance
  • | Investments

Business Office Basics: The CFO’s Investment Committee Report 3 min read

Tips on sharing how the school’s portfolio has changed since the last board meeting.
stock image of wooden blocks on dollar bills
  • Endowment
  • | Publications
  • | Research

Independent School Endowments Down 11.3% for Fiscal 2022 3 min read

This year’s Communfund Benchmarks Study reveals the largest year-over-year reversal in average annual independent school endowment returns since the study began.
maximize cash
  • Cash Management
  • | Investments

Maximizing Interest on Cash 7 min read

While it’s prudent to have some liquid resources on hand, your school can be earning money at the same time through a variety of strategies.
  • Budget
  • | Facilities

Business Office Basics: The Annual Capital Budget & The Multi-Year Plant Renewals Schedule 4 min read

These two schedules go hand in hand – each supports the other.

Feature  

  • Boards and Trustees
  • | Budget
  • | Leadership

Strategic Financial Planning with the NBOA Heat Map 16 min read

The financial sustainability heat map has helped schools in areas from board communication to strategic planning. Here are four school’s stories.

ON THE HORIZON

15

years is the target ceiling for a school plant's financial "age."

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