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Human Resources
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Investments
Is it time to reassess your school’s 403(b) default investment strategy? QDIAs gain traction as options for retirement readiness.
5 min read
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Accounting
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Risk Management
Why using COSO’s time-tested framework for internal controls may be in your school’s best interest
7 min read
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Key Strategic Finance
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Planning
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Risk Management
A dashboard tells you where you have been. A “heat map” reveals your progress toward your destination.
8 min read
The chair of NBOA’s Board of Directors reflects on the not-for-profit difference, the CFO-head of school partnership and the omnipresent topic of financial sustainability.
10 min read
Schools are using reports and models that move school leaders away from minutiae and toward mission-motivated planning and action. “We tell a story.”
10 min read
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Employee Benefits
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Facilities
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Tax
Tax-free or subsidized on- or off-campus housing is among independent schools’ most generous fringe benefits for select staff, as well as among the most misunderstood in terms of potential tax liability.
7 min read
Seeking new long-term revenue sources without losing sight of their missions, independent schools get entrepreneurial in digging into their real estate. “Land is an asset you can’t get back.”
11 min read
Establishing or reallocating capital funds for PPRRSM is one of the greatest intergenerational gifts an institution can make.
6 min read
For most independent schools, there is no better marketing expenditure than investing in facilities.
3 min read
As schools consider adding innovative new learning spaces, business officers must evaluate possibilities through the lens of their budgets and strategic goals.
13 min read
As technology advances, so does the proliferation of more complex fraud schemes—sometimes involving staff.
11 min read
I saw the transformation firsthand in higher education. As technology played a larger role within academic programs, and colleges and universities migrated more operations online, technology directors—who typically repor
2 min read
Financial dashboards brighten as tools for helping schools recognize trends and engage constituencies. The key is knowing which data and metric points to measure.
8 min read
With the spring thaw comes the inevitable rush of construction activity on independent school campuses. This year, the shadow of financial sustainability might make those mounting expenditures even more concerning than u
2 min read
Tips for ensuring the fringe benefits that help make your school such a nice place to work are also compliant with the law.
10 min read
STEM, STEAM, making, tinkering. Innovators, collaborators, self-directed learners. Idea labs, learning commons, makerspaces. The maker movement is a big deal for independent schools, an exciting reality playing out in ne
2 min read
It's widely accepted as best practice for independent schools to maintain three percent of the total cost of replacing the physical plant in a separate budget called PPRRSM (provision for plant replacement, renewal and s
2 min read
What’s in the FASB’s proposed changes to nonprofit financial statements? A look ahead.
6 min read
Without shame or apology I admit that I'm a change addict. I firmly believe that any organization, program or resource can be made better. "No status quo," in fact, is a mantra I developed with my friend and colleague Gr
3 min read
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Cash Management
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Culture
A California independent school teaches real-world business and investing skills through a hands-on business curriculum.
9 min read
