NBOA Net Assets

Governance

The Key Ingredient to the Head-CFOO Relationship Is Trust

A survey and interviews revealed how heads and business leaders most effectively align and where perspectives diverge.

Two silhouetted figures climb a mountain together at sunset

Leadership

Unreasonable Hospitality in Coaching and Community

Facilities

PPRRSM Wasn’t Designed for Extreme Weather

CEO Notebook

Leadership

Dolly Parton’s Business Savvy and the Business of Schools

Dolly Parton’s decorated life has inspired lessons for leaders in a cause dear to her heart, education.

5 min read

Leadership
| Technology

Your AI Questions, Answered: Insights from the Byte-Size AI Series

How independent school business leaders are experimenting with AI to save time, strengthen operations and rethink what’s possible.

8 min read

Businesswoman looking out from atop a pile of books

Governance
| Leadership

Reading the Room: What an Interim CFO Brings to a School

An interim CFO isn’t an argument against a permanent hire. Instead, the role can create space for positive change before a new hire settles in.

9 min read

Leadership
| Membership

Unsung Hero: Lori Weiland, All Saints Day School

Whether developing forecasting tools or helping families navigate sensitive situations, Weiland brings a thoughtful approach to financial leadership.

2 min read

CEO Notebook

Leadership
| Planning
| Research

Don’t Stop Thinking About Tomorrow

2026 Distinguished Business Officer Ann Marie Tidona shares how she uses data to guide high-level discussions and future-oriented decisions.

4 min read

Enrollment
| Leadership
| Membership

Unsung Hero: Tim Rutherford, Lakefield College School

From enrollment and fundraising to refereeing the hockey team, Rutherford pairs financial expertise with a people-first approach.

2 min read

Other Duties As Assigned

Leadership

Unreasonable Hospitality in Coaching and Community

A series of unexpected opportunities — each building on the last — has helped this assistant head connect with community.

4 min read

Leadership
| Membership
| Tuition

Unsung Hero: William A. Potter, Waring School

Potter transformed key business functions, from financial aid and retirement benefits to technology and campus planning.

2 min read

Projections

Enrollment
| Governance
| Planning

To Close or Not to Close: Is That the Question?

It need not be if leaders face their school’s financial reality with open eyes and engage in frank conversation.

7 min read

Endowment
| Leadership
| Membership

Unsung Hero: Bob Nicholson, Holy Trinity School

Nicholson created a first-of-its-kind online school and led the transition to a paperless business office.

3 min read

Governance
| Leadership

The Key Ingredient to the Head-CFOO Relationship Is Trust This item is protected.

A survey and interviews revealed how heads and business leaders most effectively align and where perspectives diverge.

7 min read

Leadership
| Membership
| Planning

Unsung Hero: Juliane McInnis, The Rashi School

McInnis reimagined auxiliary revenue while advancing the school's long-term financial planning.

2 min read

Collage of businessman and businesswoman shaking hands on colorful overlapping speech bubbles

Budget
| Change Management
| Planning

Mergers and Acquisitions: For Schools Considering Expansion This item is protected.

Combining with another school can strengthen finances and sustain mission. But where do school leaders even start their considerations?

7 min read

Leadership
| Membership

Unsung Hero: Jeff Martin, Norfolk Academy

Martin balances operational precision with strategic vision, advises school leadership and mentors a collaborative team.

2 min read

Accounting
| Leadership
| Planning

Mergers and Acquisitions: For Schools Facing Closure This item is protected.

Combining with another school can strengthen finances and sustain mission. But where do school leaders even start their considerations?

7 min read

Enrollment
| Leadership
| Membership

Unsung Hero: Cyndi Ludwinski, Miriam School and Learning Center

While the school grew exponentially, Ludwinski transformed systems and steadied the course in every operational area.

2 min read

Culture
| Leadership
| Technology

A Midsummer Reflection on AI and Generational Difference

A recent staff retreat at the turn of the fiscal year provided insights into two common challenges.

6 min read

Facilities
| Leadership
| Membership

Unsung Hero: Susie Fiorello, Paideia School

Fiorello led major capital projects, sustained annual surpluses and helped Paideia School expand without incurring debt.

2 min read

Compensation Strategies
| Leadership
| Membership

Unsung Hero: Jennifer Cookston, Webb School of Knoxville

Cookston advanced strategic talent initiatives through compensation analysis, performance-based rewards and investment in professional development across the business office.

3 min read

Leadership
| Membership

Unsung Hero: Cindy Stadulis, St. Stephen's Episcopal School

Stadulis strengthened budgeting practices, facilities strategy and financial aid programs while building alignment across school leadership.

3 min read

Facilities
| PPRRSM

PPRRSM Wasn’t Designed for Extreme Weather This item is protected.

In the age of climate change, traditional calculations warrant new considerations.

4 min read

CEO Notebook

Leadership
| Planning
| Research

Don’t Stop Thinking About Tomorrow

2026 Distinguished Business Officer Ann Marie Tidona shares how she uses data to guide high-level discussions and future-oriented decisions.

4 min read

Projections

Enrollment
| Governance
| Planning

To Close or Not to Close: Is That the Question?

It need not be if leaders face their school’s financial reality with open eyes and engage in frank conversation.

7 min read

Endowment
| Leadership
| Membership

Unsung Hero: Bob Nicholson, Holy Trinity School

Nicholson created a first-of-its-kind online school and led the transition to a paperless business office.

3 min read

Leadership
| Membership
| Planning

Unsung Hero: Juliane McInnis, The Rashi School

McInnis reimagined auxiliary revenue while advancing the school's long-term financial planning.

2 min read

Budget
| Change Management
| Planning

Mergers and Acquisitions: For Schools Considering Expansion This item is protected.

Combining with another school can strengthen finances and sustain mission. But where do school leaders even start their considerations?

7 min read

Accounting
| Leadership
| Planning

Mergers and Acquisitions: For Schools Facing Closure This item is protected.

Combining with another school can strengthen finances and sustain mission. But where do school leaders even start their considerations?

7 min read

Accounting
| Cash Management
| Research

Declining Days of Cash on Hand This item is protected.

Fewer schools meet the 90-day benchmark as expenses rise and cash shrinks.

5 min read

CEO Notebook

Culture
| Leadership
| Planning

What a School Merger Looks Like 15 Years Later

Longtime independent school leader Frank Aloise reflects on the pressures, decisions and outcomes that defined a landmark school merger.

5 min read

Feature

Communication
| Endowment

Growing an Endowment: Four Schools' Stories (Part 2) This item is protected.

Four schools share how they launched and stewarded their endowment to bolster financial sustainability.

7 min read

Endowment
| Investments

Starting an Endowment: Four Schools' Stories (Part 1) This item is protected.

Four schools share how they launched and stewarded their endowment to bolster financial sustainability.

7 min read

Three stacks of wooden blocks with coins stacked on top

Business Intelligence

Endowment
| Research

How Much Endowment Is Enough? This item is protected.

The answer depends on an endowment’s goals, which may be based on tuitions covered, coverage of financial aid or the gap, emergency funding or other goals.

4 min read

CEO Notebook

Planning
| Research
| Tuition

Past the Pandemic Bounce: Five-Year Financial Trends that Should be Informing Your Strategy

Key financial indicators analyzed in the latest “Financial State of the Industry” report show some gains for the sector and also areas to train our attention.

4 min read

Budget
| Professional Development

A Rubric To Ensure PD Dollars are Mission-Aligned This item is protected.

A systems-level approach and practical rubric will help ensure spending on professional development aligns with institutional priorities and outcomes.

4 min read

Stock illustration of a businessman standing behind several glass columns

Leadership
| Planning

6 Steps to Future-Proofing Independent Schools This item is protected.

This six-pillar framework, developed by a cohort of the NBOA Leadership Academy, helps independent schools shift from reactive decision-making to intentional, long-term sustainability.

3 min read

Accounting
| Leadership
| Technology

Spotting Opportunity for Innovation: Leadership Tools and AI Workflows This item is protected.

Studying accounts payable and student attendance tracking revealed opportunities for larger systems integrations and efficiencies, using AI workflows.

4 min read

Illustration of a paper document surrounded by money and coin icons

Endowment
| Policy

Endowment Spend Policy: Methodology Matters

Which of the three most common methodologies most closely align with your school’s goals?

5 min read

Construction site with a skeletal steel frame building against a blue sky.

Feature

Budget
| Facilities

Controlling Construction Costs This item is protected.

As costs for materials and labor rise, school leaders are turning to planning, partnerships, and contract management to deliver projects on time and on budget.

14 min read

handshake with blue sleeve and green sleeve and yellow circle around hands

Strategies

Budget
| Contract
| Planning

Negotiating with Vendors: A Tip List This item is protected.

You don’t have to accept the first price any vendor offers your school. These 12 tips can help you secure the best deal and maximize spend on mission-aligned activities.

4 min read

stock image of water moving with bubbles

Endowment
| Investments
| Risk Management

How Much Endowment Liquidity Is Too Much?

Getting the balance right between liquidity and long-term growth is essential to meeting future spending needs.

7 min read

Diversity and Inclusion
| Hiring
| Performance Management

Nine Biases That Show Up in Hiring & HR Decisions — and How To Address Them This item is protected.

Practical steps such as hiring rubrics and questioning early consensus can help hiring teams avoid common bias traps.

5 min read

Employee Benefits
| Human Resources

If You Want Employees To Use Their Benefits, Teach Them How This item is protected.

Tips and tricks from NBOA’s Human Resources Council can help your school make the most of its significant investment in benefits.

8 min read

Budget
| Professional Development

A Rubric To Ensure PD Dollars are Mission-Aligned This item is protected.

A systems-level approach and practical rubric will help ensure spending on professional development aligns with institutional priorities and outcomes.

4 min read

Five employees stand in an illustrated chart, holding papers.

Employment
| Research
| Salary

Benchmarking Business Office Staff This item is protected.

Average salaries of hybrid staff were generally higher than in-person or remote staff, according to NBOA’s BIIS data analysis tool.

19 min read

Illustration of a hand holding a cracked lightbulb from which a rocket launches.

Human Resources
| Leadership
| Technology

6 Ways to Advance School Business Operations, from the 2025 NBOA Professional Achievement Award Recipients

By investing in systems, people and relationships, these independent school leaders strengthen both the bottom line and their school’s culture.

6 min read

Colorful, abstract figures are interconnected by lines on a grid, symbolizing a network of leadership.

Projections

Accounting
| Human Resources
| Leadership

Leadership Throughout the Business Office

Controllers and HR Directors have strategic roles to play — if we commit to making space for their voices.

5 min read

Employee Benefits
| Employee Leave
| Policy

Paid-Time-Off Benefits: 2024-2025 Benchmarks This item is protected.

Shifts from the 2022-23 school year were generally small, with notable increases in parental leave and decreases in sick leave.

7 min read

Human Resources
| Professional Development

Low and No-Cost Strategies to Retain Teachers This item is protected.

When the demand for high-quality teachers became greater than the supply, leaders at the Frances Xavier Warde School developed a new teacher retention system.

4 min read

Feature

Human Resources
| Leadership

Transition Tips from an HR Expert This item is protected.

Seven people‑centered steps to help CFOs transition smoothly to a new school.

2 min read

Three student hikers with large backpacks wade through a shallow river in a forested mountain area.

Culture
| Leadership
| Professional Development

The Big Move: Navigating a Career Transition This item is protected.

When it’s time to leave one school and start a new position at another, these considerations will make it easier on all parties – business leader, former school and new one.

14 min read

A close-up view of a stethoscope resting on a white calculator.

Feature

Employee Benefits
| Human Resources

Healthy Alternatives: The Health Insurance Trust Model This item is protected.

Independent schools are using benefits trusts to smooth rate increases and retain surplus.

4 min read

Students walking on Wilbraham & Monson Academy's campus

Feature

Employee Benefits
| Human Resources

Healthy Alternatives: Creating a MEWA This item is protected.

Pooled benefit strategies can smooth renewal volatility, though shared governance means individual employers may need to compromise on coverage choices.

5 min read

Feature

Hiring
| Technology

Byte-Size AI: Planning, Integrating Systems and Predicting This item is protected.

Pine Crest School has saved two weeks’ worth of work in the business office through automating just two processes, and that’s just the beginning.

7 min read

Feature

Employee Benefits
| Technology

Byte-Size AI: Automating Processes, Elevating Strategy This item is protected.

Aspen Academy’s business office has gained significant time savings through AI, which has allowed staff to focus on higher-level strategy.

6 min read

Pharmacist holding security device for customer in drug store

Feature

Employee Benefits
| Human Resources

Healthy Alternatives: Layering a MERP This item is protected.

The MERP allows employees in a high-deductible plan to pay their deductibles with a preloaded debit card.

3 min read

Stone archway adorned with pumpkins and flowers frames a historic building at Shattuck-St. Mary's School.

Employee Benefits
| Human Resources

Healthy Alternatives: ICHRA Plans This item is protected.

As health insurance premiums rise, some schools are adopting alternatives to fully insured plans, including ICHRAs, MERPs and MEWAs.

6 min read

Wooden judge gavel and flipping numbers 2025 and 2026 on cubes

Human Resources
| Legal
| Tax

2026 Updates To Mileage Rates, Contribution Limits and Charitable Giving This item is protected.

Annual adjustments from the IRS and Treasury as well as changes in labor law will impact operational costs at independent schools.

3 min read

Planning
| Professional Development
| Tuition

What Makes the Financial Model Work? This item is protected.

A data dive identified top levers schools can pull for financial success.

4 min read

An illustration of interconnected circles with family and healthcare icons.

Employee Benefits
| Human Resources

What Health Insurance Options Are Independent Schools Using? This item is protected.

An NBOA flash survey found most schools are using fully insured or captive/consortium plans, but alternatives are beginning to pick up as premiums rise.

6 min read

A group of La Pietra students dressed in white gowns, performing a traditional hula dance on a grassy area.

Feature

Human Resources
| Job Description
| Technology

A(I) Helping Hand for HR: School Use Cases (Part 1) This item is protected.

Some school HR pros are beginning to turn to AI for efficiencies, but bias, inaccuracy and liability remain risks that require vigilance.

7 min read

CEO Notebook

Cybersecurity
| Risk Management

What the Canvas Breach Tells Us About School Cyber Risk

Lessons from the Canvas breach, how AI is influencing cyber risk and resilience, and more from cyber risk expert Bob Olsen.

5 min read

Feature

Cybersecurity
| Risk Management

The New Rules of Cyber Risk: A Case Study and Checklist This item is protected.

Lessons from a recent attack and recovery, and 10 things your school needs to be doing to be equally prepared.

3 min read

Internet digital security technology concept

Feature

Cybersecurity
| Risk Management

The New Rules of Cyber Risk: Prevention and Resilience This item is protected.

Cybercrime is now highly organized crime, which means school cyber security requires enterprise level attention.

10 min read

Facilities
| Risk Management

How To Keep Slips and Falls from Becoming Major Disruptions This item is protected.

Among the most common claims on independent school campuses, slips and falls are now becoming more costly as well.

6 min read

Projections

Risk Management
| Safety and Security

Being Safe and Feeling Safe at School

Your school may be doing everything right to ensure campus is safe, but feeling safe on campus is another matter.

6 min read

Hand interacting with virtual system warning icon surrounded by AI and data graphics

Risk & Compliance

Legal
| Risk Management
| Technology

What Lawyers Want You To Know About AI Use Across the School This item is protected.

Be aware of the risks when school employees use AI in the academic program, admissions, enrollment, finance, operations, HR and governance.

8 min read

Endowment
| Investments
| Risk Management

How Much Endowment Liquidity Is Too Much?

Getting the balance right between liquidity and long-term growth is essential to meeting future spending needs.

7 min read

CEO Notebook

Crisis Management
| Legal

Immigration Enforcement: What Independent Schools STILL Need to Know

Growing concerns about immigration enforcement underscore the need for clear protocols, informed staff and steady leadership in independent schools.

5 min read

Flipping Wooden cube block for change fake to fact

Strategies

Communication
| Policy
| Risk Management

How To Stop Fake School News Before It Starts This item is protected.

A solid plan to counteract this risk draws on three key principles.

5 min read

Risk & Compliance

Communication
| Crisis Management
| Risk Management

Institutional Statements on Controversial Issues This item is protected.

When school leadership feels pressure to take a position, consider this framework.

4 min read

Feature

Risk Management
| Technology

A(I) Helping Hand for HR: Risk Mitigation (Part 2) This item is protected.

Some school HR pros are beginning to turn to AI for efficiencies, but bias, inaccuracy and liability remain risks that require vigilance.

8 min read

Stock image of two bandages in a cross shape.

Communication
| Risk Management

Reputation Repair: How Caring and Credibility Rebuild Broken Bonds

When reputational risks strike, how leaders communicate and connect can determine whether their schools emerge stronger or stumble.

7 min read

Hands plugging in charger to an electric bicycle battery.

Facilities
| Risk Management

How To Safely Handle Rechargeable Lithium-Ion Batteries on Campus

Follow these tips to reduce the dangers of lithium-ion batteries, be they in eBikes, eScooters, battery-powered golf carts or other devices.

2 min read

Silhouette of a person with binoculars displaying binary code on a red background.

Crisis Management
| Cybersecurity
| Risk Management

Six Cybersecurity Threats Every School Leader Should Know

From ransomware demands to supply chain risks, independent schools face cyber risks that demand top attention.

4 min read

Abstract design with text and geometric patterns in blue, green and white.

Strategies

Compliance
| Policy
| Procedures

Business Office Policies and Procedures

NBOA’s robust resource hub can be the starting point for a complete business office manual or ease the updating of an existing one.

2 min read

Silhouette of a head with a cut-out question mark filled with colorful puzzle pieces.

Risk & Compliance

Governance
| Leadership
| Risk Management

How To Handle an Unexpected Head Turnover This item is protected.

What you need to know from a legal standpoint when managing an unplanned head of school transition.

6 min read

CEO Notebook

Cybersecurity
| Risk Management

A Clear Guide for Assessing Cyber Risk and Mitigations

As cyber attacks continue grow for K12 schools, understanding what’s in your school’s cyber insurance is more important than ever.

3 min read

Temporary classroom of St. Matthew's Parish School

Crisis Management
| Facilities
| Risk Management

Pivoting the Business Office During a Crisis This item is protected.

A paperless business office with remote office practices was critical in maintaining business operations and ensuring continuity in the aftermath of the Palisades Fires.

4 min read

Feature

Risk Management
| Safety and Security

Safe and Culturally Sound This item is protected.

Beefing up school security can raise hackles. Two schools found ways to improve protocols without rocking school culture.

11 min read

A white person's hand going into a cookie jar

Feature

Compliance
| Policy
| Risk Management

10 Most Common Fraud Opportunities at Independent Schools — and How To Stop Them This item is protected.

Economic uncertainty and AI may create more opportunities for fraud. It’s critical to be aware of risk and mitigation measures.

6 min read

Leadership
| Technology

Your AI Questions, Answered: Insights from the Byte-Size AI Series

How independent school business leaders are experimenting with AI to save time, strengthen operations and rethink what’s possible.

8 min read

Facilities
| PPRRSM

PPRRSM Wasn’t Designed for Extreme Weather This item is protected.

In the age of climate change, traditional calculations warrant new considerations.

4 min read

CEO Notebook

Cybersecurity
| Risk Management

What the Canvas Breach Tells Us About School Cyber Risk

Lessons from the Canvas breach, how AI is influencing cyber risk and resilience, and more from cyber risk expert Bob Olsen.

5 min read

Culture
| Leadership
| Technology

A Midsummer Reflection on AI and Generational Difference

A recent staff retreat at the turn of the fiscal year provided insights into two common challenges.

6 min read

Black woman using a cellphone in an office

Strategies

Enrollment
| Technology

How Tapping a Mobile App Reinvented Reenrollment This item is protected.

By meeting their families where they are — on WhatsApp — one school has dramatically improved operational processes.

6 min read

Feature

Cybersecurity
| Risk Management

The New Rules of Cyber Risk: A Case Study and Checklist This item is protected.

Lessons from a recent attack and recovery, and 10 things your school needs to be doing to be equally prepared.

3 min read

Feature

Cybersecurity
| Risk Management

The New Rules of Cyber Risk: Prevention and Resilience This item is protected.

Cybercrime is now highly organized crime, which means school cyber security requires enterprise level attention.

10 min read

Facilities
| Leadership
| Membership

Unsung Hero: Susie Fiorello, Paideia School

Fiorello led major capital projects, sustained annual surpluses and helped Paideia School expand without incurring debt.

2 min read

CEO Notebook

Enrollment
| Extended Day
| Summer Camp

Make Camp Count

Don’t leave revenue on the table — or miss the opportunity to build a strong connection between your school and the broader community.

6 min read

Facilities
| Risk Management

How To Keep Slips and Falls from Becoming Major Disruptions This item is protected.

Among the most common claims on independent school campuses, slips and falls are now becoming more costly as well.

6 min read

Technology

Byte-Size AI: Early Use Cases of AI Agents This item is protected.

Leaders from ATLIS share how schools are beginning to explore agentic AI — and why it’s okay to still be at square one.

6 min read

Leadership
| Technology

Securing the Future of Independent Schools: Tools and Frameworks This item is protected.

The NBOA Leadership Academy conducted research and developed practical tools to support stronger decision-making in school business

5 min read

Projections

Risk Management
| Safety and Security

Being Safe and Feeling Safe at School

Your school may be doing everything right to ensure campus is safe, but feeling safe on campus is another matter.

6 min read

Risk & Compliance

Legal
| Risk Management
| Technology

What Lawyers Want You To Know About AI Use Across the School This item is protected.

Be aware of the risks when school employees use AI in the academic program, admissions, enrollment, finance, operations, HR and governance.

8 min read

Illustration of a scale balancing AI and documents, surrounded by icons of tech, law, and governance, symbolizing AI ethics and regulation.

Governance
| Technology

Governing AI Integration: An Inventory Tool for Leaders This item is protected.

A structured inventory and heat map can help school leaders see where AI is creating value, raising risks and needs clearer guidance.

6 min read

CEO Notebook

Change Management
| Technology

Seizing the AI Opportunity

Distinguished business officer and long-time innovator Nancy Greene explains how to turn curiosity about AI into real operational gains.

6 min read

Accounting
| Leadership
| Technology

Spotting Opportunity for Innovation: Leadership Tools and AI Workflows This item is protected.

Studying accounts payable and student attendance tracking revealed opportunities for larger systems integrations and efficiencies, using AI workflows.

4 min read

Feature

Budget
| Facilities

Controlling Construction Costs This item is protected.

As costs for materials and labor rise, school leaders are turning to planning, partnerships, and contract management to deliver projects on time and on budget.

14 min read

Human Resources
| Leadership
| Technology

6 Ways to Advance School Business Operations, from the 2025 NBOA Professional Achievement Award Recipients

By investing in systems, people and relationships, these independent school leaders strengthen both the bottom line and their school’s culture.

6 min read

CEO Notebook

Leadership
| Membership
| Technology

My Top 3 Takeaways from the 2026 NBOA Annual Meeting

Tucker Bryant and Heather McGowan shared how we can seize the moment in this time of technological change and move our schools forward.

7 min read

Enrollment
| Leadership
| Membership

Unsung Hero: Tim Rutherford, Lakefield College School

From enrollment and fundraising to refereeing the hockey team, Rutherford pairs financial expertise with a people-first approach.

2 min read

Leadership
| Membership
| Tuition

Unsung Hero: William A. Potter, Waring School

Potter transformed key business functions, from financial aid and retirement benefits to technology and campus planning.

2 min read

Projections

Enrollment
| Governance
| Planning

To Close or Not to Close: Is That the Question?

It need not be if leaders face their school’s financial reality with open eyes and engage in frank conversation.

7 min read

Enrollment
| Leadership
| Membership

Unsung Hero: Cyndi Ludwinski, Miriam School and Learning Center

While the school grew exponentially, Ludwinski transformed systems and steadied the course in every operational area.

2 min read

Strategies

Enrollment
| Technology

How Tapping a Mobile App Reinvented Reenrollment This item is protected.

By meeting their families where they are — on WhatsApp — one school has dramatically improved operational processes.

6 min read

CEO Notebook

Enrollment
| Extended Day
| Summer Camp

Make Camp Count

Don’t leave revenue on the table — or miss the opportunity to build a strong connection between your school and the broader community.

6 min read

Communication
| Culture
| Leadership

Practical Steps for Rebuilding School Trust This item is protected.

Sudden leadership changes, faculty departures, and a unionization effort left one school community unsettled. This is how they recovered their equilibrium.

8 min read

Feature

Communication
| Endowment

Growing an Endowment: Four Schools' Stories (Part 2) This item is protected.

Four schools share how they launched and stewarded their endowment to bolster financial sustainability.

7 min read

CEO Notebook

Planning
| Research
| Tuition

Past the Pandemic Bounce: Five-Year Financial Trends that Should be Informing Your Strategy

Key financial indicators analyzed in the latest “Financial State of the Industry” report show some gains for the sector and also areas to train our attention.

4 min read

CEO Notebook

Communication
| Leadership

When Trust Needs Rebuilding, Reset the Story

What a high‑profile reset reveals about letting go of what no longer works — and why that matters for schools.

4 min read

Accounting
| Legal
| Regulatory Updates
| Tuition

OFAC Sanctions Compliance and Independent Schools: New Guidance

IMG Academy was fined $1.72 million for violations of U.S. sanctions laws.

2 min read

Two speak bubbles against a black background

Feature

Communication
| Summer Camp
| Technology

Byte-Size AI: Strong Prompts, Market Analysis and Role Play This item is protected.

Jonathan Schmid is using generative AI to tap into market analysis, generate Excel formulas and role play difficult interactions.

4 min read

Strategies

Communication
| Policy
| Risk Management

How To Stop Fake School News Before It Starts This item is protected.

A solid plan to counteract this risk draws on three key principles.

5 min read

Risk & Compliance

Communication
| Crisis Management
| Risk Management

Institutional Statements on Controversial Issues This item is protected.

When school leadership feels pressure to take a position, consider this framework.

4 min read

Planning
| Professional Development
| Tuition

What Makes the Financial Model Work? This item is protected.

A data dive identified top levers schools can pull for financial success.

4 min read

Feature

Gift
| Marketing

Shifts in Donor Dollars: Institutional Giving Trends This item is protected.

Recent trends in giving may inspire school leaders to rethink traditional fundraising strategies.

12 min read

Communication
| Risk Management

Reputation Repair: How Caring and Credibility Rebuild Broken Bonds

When reputational risks strike, how leaders communicate and connect can determine whether their schools emerge stronger or stumble.

7 min read

CEO Notebook

Change Management
| Communication
| Leadership

The Surprising Strengths of a Vulnerable Leader

It may seem counterintuitive, but vulnerability can be a great strength for independent school business leaders.

4 min read

Three bright arrows pointing down a dark blue background.

Voices from the Field

Key Enrollment
| Leadership
| Tuition

Data, Design and the Future of Enrollment

The merger of EMA and ERB will provide school business leaders with more data and a more integrated experience.

7 min read

Two wooden blocks on a diagonal orange and blue background; one block has a green plus sign, the other has a red minus sign.

Business Intelligence

Cash Management
| Research
| Tuition

Is Your School’s Working Capital Working? This item is protected.

In 2023–24, most independent schools had a positive working capital ratio.

3 min read

Diversity and Inclusion
| Hiring
| Performance Management

Nine Biases That Show Up in Hiring & HR Decisions — and How To Address Them This item is protected.

Practical steps such as hiring rubrics and questioning early consensus can help hiring teams avoid common bias traps.

5 min read

Silhouettes portraits of women and men in a vibrant watercolor design

Voices from the Field

Culture
| Diversity and Inclusion
| Leadership

What’s Next for Diversity and Inclusion in Independent Schools? This item is protected.

Two school leaders share insights on how DEI work has shifted in the past year and how anchoring in mission can help schools navigate the moment.

8 min read

Strategies

Diversity and Inclusion
| Policy
| Procedures

An Inclusion Tool for the Whole School

Business leaders can play a critical role in steering school-wide equity and inclusion efforts, through assessing the impact of school business practices.

2 min read

CEO Notebook

Culture
| Diversity and Inclusion
| Membership

How Business Leaders Can Be a Leading Voice for Inclusion Efforts

NBOA has released a new Operational Equity and Inclusion Inventory to help business leaders make the school community more welcoming for faculty, staff and families.

3 min read

CEO Notebook

Diversity and Inclusion
| Leadership
| Research

The Business of You

NBOA’s new research report, “Demographics of the Independent School Business Office,” reveals trends across schools, positions and individual career backgrounds and satisfaction.

4 min read

CEO Notebook

Diversity and Inclusion
| Membership
| Research

How Do You Measure 2024?

Among this year’s many efforts to enhance your professional development opportunities, these four stand out.

4 min read

Strategies

Culture
| Diversity and Inclusion
| Financial Aid

Clarifying Financial Aid for Multilingual Families This item is protected.

Making the process clearer to parents whose dominant language is not English can result in significant community enrichment.

4 min read

Other Duties As Assigned

Change Management
| Diversity and Inclusion
| Leadership

The Cost of Protest

At Dunn School, a proactive approach to discussing events of October 7 and the ensuing war resulted in positive educational outcomes with minimal impact to budget and operations.

5 min read

CEO Notebook

Boards and Trustees
| Diversity and Inclusion
| Leadership

In Their Own Words: Heads and Business Officers Talk Partnership

Role clarity, communication and joint investment in DEI efforts all help bolster the head-business officer partnership.

5 min read

Culture
| Diversity and Inclusion
| Professional Development

Creating an Equitable Workplace

When remote work is an option for some employees but not others, how can school leaders foster inclusion and belonging among all faculty and staff members?

5 min read

CEO Notebook

Diversity and Inclusion
| Leadership

Morale Boosters on a Budget

Regularly recognizing small wins can have a significant impact on staff wellbeing and retention.

5 min read

Feature

Culture
| Diversity and Inclusion
| Leadership

2024 NBOA Annual Meeting: Bertice Berry: Smarter Together

Drawing on her perspectives as both a sociologist and a comedian, NBOA Luncheon Award speaker Bertice Berry discusses the importance of learning from each other.

12 min read

Diversity and Inclusion
| Financial Aid
| Research

Telling Our Financial Aid Story

The financial aid plot is shifting as dollars increase and diversity numbers fall.

6 min read

CEO Notebook

Culture
| Diversity and Inclusion
| Leadership

Healing and Humor in Atlanta

A message of humor and inspiration from 2024 NBOA Annual Meeting Speaker Bertice Berry.

4 min read

Feature

Boards and Trustees
| Diversity and Inclusion
| Leadership

The Business Case for DEI: Supporting the Board’s DEI Goals This item is protected.

Tracking data, assessing vendors and working with the investment committee are just a few ways business officers can play a role in board level DEI work.

12 min read

Risk & Compliance

Diversity and Inclusion
| Legal

Transgender Student Participation in Athletics: Legal Implications for Independent Schools This item is protected.

What to know about federal and state laws and athletic governing bodies, and tips on crafting a policy.

9 min read

Diversity and Inclusion
| Technology

Tech-Enabled DEI Solutions

Independent schools can operationalize their DEI goals using technology.

3 min read

Feature

Diversity and Inclusion
| Facilities

The Business Case for DEI: Accessible, Affordable Facilities This item is protected.

Investing in accessible facilities goes beyond compliance for most schools — and can have unexpected dividends.

13 min read

Diversity and Inclusion
| Membership

Celebrate! 25 Years of NBOA: Who Was at the Table?

NBOA explores how efforts centered around inclusion and belonging within a diverse workforce have impacted the association and its members over the past 25 years.

8 min read

stock image of two women supporting each other

Voices from the Field

Diversity and Inclusion
| Human Resources

Critical Compassion

Those whose work touches human resources have a special role to play in creating accessible, equitable school communities.

6 min read

Leadership
| Membership

Unsung Hero: Lori Weiland, All Saints Day School

Whether developing forecasting tools or helping families navigate sensitive situations, Weiland brings a thoughtful approach to financial leadership.

2 min read

Enrollment
| Leadership
| Membership

Unsung Hero: Tim Rutherford, Lakefield College School

From enrollment and fundraising to refereeing the hockey team, Rutherford pairs financial expertise with a people-first approach.

2 min read

Leadership
| Membership
| Tuition

Unsung Hero: William A. Potter, Waring School

Potter transformed key business functions, from financial aid and retirement benefits to technology and campus planning.

2 min read

Endowment
| Leadership
| Membership

Unsung Hero: Bob Nicholson, Holy Trinity School

Nicholson created a first-of-its-kind online school and led the transition to a paperless business office.

3 min read

Leadership
| Membership
| Planning

Unsung Hero: Juliane McInnis, The Rashi School

McInnis reimagined auxiliary revenue while advancing the school's long-term financial planning.

2 min read

Leadership
| Membership

Unsung Hero: Jeff Martin, Norfolk Academy

Martin balances operational precision with strategic vision, advises school leadership and mentors a collaborative team.

2 min read

Enrollment
| Leadership
| Membership

Unsung Hero: Cyndi Ludwinski, Miriam School and Learning Center

While the school grew exponentially, Ludwinski transformed systems and steadied the course in every operational area.

2 min read

Facilities
| Leadership
| Membership

Unsung Hero: Susie Fiorello, Paideia School

Fiorello led major capital projects, sustained annual surpluses and helped Paideia School expand without incurring debt.

2 min read

Compensation Strategies
| Leadership
| Membership

Unsung Hero: Jennifer Cookston, Webb School of Knoxville

Cookston advanced strategic talent initiatives through compensation analysis, performance-based rewards and investment in professional development across the business office.

3 min read

Leadership
| Membership

Unsung Hero: Cindy Stadulis, St. Stephen's Episcopal School

Stadulis strengthened budgeting practices, facilities strategy and financial aid programs while building alignment across school leadership.

3 min read

CEO Notebook

Leadership
| Membership
| Technology

My Top 3 Takeaways from the 2026 NBOA Annual Meeting

Tucker Bryant and Heather McGowan shared how we can seize the moment in this time of technological change and move our schools forward.

7 min read

Attendees gather at the NBOA Annual Meeting opening reception.

Leadership
| Membership

Everything Under the Sun: New Ideas and Learning Pathways at the 2026 NBOA Annual Meeting

From live podcast conversations to dynamic keynotes, this Annual Meeting brought fresh ideas and renewed community connections.

5 min read

Membership
| Publications

Meeting You Where You Are

With a new digital-first publishing strategy, Net Assets has been redesigned to capture more voices in the NBOA community — concisely.

2 min read

CEO Notebook

Legal
| Membership

Collaborating To Make SGO Policies Work For Your School

NBOA has joined other associations in advocating for clarity in new federal SGO policy that will optimize impact for independent schools.

4 min read

Leadership
| Membership

Best of Net Assets Magazine 2025

From salary transparency to AI governance, these 13 standout Net Assets articles cover the most pressing issues for independent school business offices.

4 min read

Stock image of a microphone on a flat surface

CEO Notebook

Leadership
| Membership

11 Podcasts I Enjoyed Hosting in 2025 – and Some of Their Best Takeaways

Before we turn the page to 2026, let’s revisit top leadership lessons from the Net Assets Podcast this year.

7 min read

CEO Notebook

Leadership
| Membership
| Research

Fueling Financial Strategy with Data

Make sure your numbers are working as hard as you are.

5 min read

Leadership
| Membership

Unsung Hero: Michael Toohey, George School

Toohey led George School through a critical financial turnaround, fostering long-term stability and building a collaborative, empowered team along the way.

4 min read

Photo of Erin Summers in front of a blue and green NBOA background.

Leadership
| Membership

Unsung Hero: Erin Summers, St. Albans School

Summers led efforts to align budgeting and resource allocation while advocating for diversity, equity and inclusion both in financial planning and through personal advocacy.

2 min read

Leadership
| Membership

Unsung Hero: Marlys Schoenwetter, New Covenant Academy

Schoenwetter served in a 13-year dual headship role overseeing non-academic operations, during which she modernized compensation practices and secured critical funding for the school.

2 min read

CEO Notebook

Leadership

Dolly Parton’s Business Savvy and the Business of Schools

Dolly Parton’s decorated life has inspired lessons for leaders in a cause dear to her heart, education.

5 min read

Leadership
| Technology

Your AI Questions, Answered: Insights from the Byte-Size AI Series

How independent school business leaders are experimenting with AI to save time, strengthen operations and rethink what’s possible.

8 min read

Governance
| Leadership

Reading the Room: What an Interim CFO Brings to a School

An interim CFO isn’t an argument against a permanent hire. Instead, the role can create space for positive change before a new hire settles in.

9 min read

Facilities
| PPRRSM

PPRRSM Wasn’t Designed for Extreme Weather This item is protected.

In the age of climate change, traditional calculations warrant new considerations.

4 min read

Leadership
| Membership

Unsung Hero: Lori Weiland, All Saints Day School

Whether developing forecasting tools or helping families navigate sensitive situations, Weiland brings a thoughtful approach to financial leadership.

2 min read

CEO Notebook

Leadership
| Planning
| Research

Don’t Stop Thinking About Tomorrow

2026 Distinguished Business Officer Ann Marie Tidona shares how she uses data to guide high-level discussions and future-oriented decisions.

4 min read

Enrollment
| Leadership
| Membership

Unsung Hero: Tim Rutherford, Lakefield College School

From enrollment and fundraising to refereeing the hockey team, Rutherford pairs financial expertise with a people-first approach.

2 min read

Other Duties As Assigned

Leadership

Unreasonable Hospitality in Coaching and Community

A series of unexpected opportunities — each building on the last — has helped this assistant head connect with community.

4 min read

Leadership
| Membership
| Tuition

Unsung Hero: William A. Potter, Waring School

Potter transformed key business functions, from financial aid and retirement benefits to technology and campus planning.

2 min read

Projections

Enrollment
| Governance
| Planning

To Close or Not to Close: Is That the Question?

It need not be if leaders face their school’s financial reality with open eyes and engage in frank conversation.

7 min read

Endowment
| Leadership
| Membership

Unsung Hero: Bob Nicholson, Holy Trinity School

Nicholson created a first-of-its-kind online school and led the transition to a paperless business office.

3 min read

CEO Notebook

Cybersecurity
| Risk Management

What the Canvas Breach Tells Us About School Cyber Risk

Lessons from the Canvas breach, how AI is influencing cyber risk and resilience, and more from cyber risk expert Bob Olsen.

5 min read

Governance
| Leadership

The Key Ingredient to the Head-CFOO Relationship Is Trust This item is protected.

A survey and interviews revealed how heads and business leaders most effectively align and where perspectives diverge.

7 min read

Leadership
| Membership
| Planning

Unsung Hero: Juliane McInnis, The Rashi School

McInnis reimagined auxiliary revenue while advancing the school's long-term financial planning.

2 min read

Budget
| Change Management
| Planning

Mergers and Acquisitions: For Schools Considering Expansion This item is protected.

Combining with another school can strengthen finances and sustain mission. But where do school leaders even start their considerations?

7 min read

Leadership
| Membership

Unsung Hero: Jeff Martin, Norfolk Academy

Martin balances operational precision with strategic vision, advises school leadership and mentors a collaborative team.

2 min read

Accounting
| Leadership
| Planning

Mergers and Acquisitions: For Schools Facing Closure This item is protected.

Combining with another school can strengthen finances and sustain mission. But where do school leaders even start their considerations?

7 min read

Enrollment
| Leadership
| Membership

Unsung Hero: Cyndi Ludwinski, Miriam School and Learning Center

While the school grew exponentially, Ludwinski transformed systems and steadied the course in every operational area.

2 min read

Culture
| Leadership
| Technology

A Midsummer Reflection on AI and Generational Difference

A recent staff retreat at the turn of the fiscal year provided insights into two common challenges.

6 min read

Strategies

Enrollment
| Technology

How Tapping a Mobile App Reinvented Reenrollment This item is protected.

By meeting their families where they are — on WhatsApp — one school has dramatically improved operational processes.

6 min read