Financial Management

Projections  

  • Budget
  • | Financing

Today’s Price for Timeless Value 6 min read

Resist letting fears of escalating inflation hijack your tuition-setting and budget-setting conversations this school year.
stock image of two women looking at document
  • Budget
  • | Forms
  • | Planning

Business Office Basics: The Department Budget Request Form 4 min read

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.
stock art of one hundred dollar bill

Strategies  

  • Budget
  • | Enrollment

The Cost-Per-Enrollment Calculation 5 min read This item is protected.

While the calculation requires collaboration, the results can help schools achieve their goals more efficiently.
inflation concept art
  • Budget
  • | Financing
  • | Investments

Independent Schools Brace for the Headwinds of Inflation 5 min read This item is protected.

To react quickly and appropriately to new market conditions, independent schools should understand inflation trends and prepare for potential outcomes.
stock image of person looking at financial spreadsheet
  • Accounting
  • | Financing
  • | Procedures

Business Office Basics: The Monthly Operating Statement (P&L) and Quarterly Balance Sheet 4 min read

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.
  • Facilities
  • | Planning

Wellness by Design: Ideas and Actions for a Healthier Campus 7 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.

CEO Notebook  

  • Reports
  • | Research

Context Makes School Data Actionable 4 min read

When presented with purpose, financial data can make all the difference in preparing your school for the road ahead.
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.
pie chart stock photo
  • 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.

ON THE HORIZON

15

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

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