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Bold Makeovers Enhance Schools' Value Propositions

(from the Nonprofit Quarterly) As enrollment and financial challenges mount for many colleges and universities (as well as K-12 independent schools), some have achieved remarkable success in boldly rethinking their business models. The key is "to create a successful business model that attracts...

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New Tool to Analyze College Expenditures

(from Inside Higher Ed) The American Council of Trustees and Alumni earlier this month released a new website on college expenditures. Drawn from federal data, the site provides eight years of the most recently available figures on administrative and instructional spending patterns for 1...

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Risk & Compliance: Jump-Starting Enterprise Risk Management

Risk Management | Knowing the top risks other independent schools face can help your school avoid getting stuck in the early phases of a risk management program. Article by Constance Neary and Alex Miller, United Educators From the January/February 2019 Net Assets magazine You’re...

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Business Intelligence: Independent School Finances Gained Ground in Fiscal 2018

Financial Management | Data from NBOA’s Business Intelligence for Independent Schools reveals modest financial gains for schools on almost all fronts. Article by Jim Pugh, James Pugh & Associates, and Mary Kay Markunas From the March/April 2019 Net Assets magazine Financially...

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School Seeks Partnership

(from the Chronicle of Higher Education) Earlier this week , Hampshire College in Massachusetts announced it was seeking a partner to help sustain itself financially. College officials stress that Hampshire is not closing, but a letter from the president said the institution may choose not to...

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Advance Closure Notice Draws Praise

(from Inside Higher Ed) Boston's Newbury College announced Friday that it will close at the end of the spring 2019 semester, drawing support from state regulators and others for "making this difficult choice in an orderly way that helps maximize opportunities for students," said a spokeswoman...

Blog Entry
Using Head, Not Heart in School Emergency Planning

Risk Management | While active shooter events draw overwhelming attention, sympathy and concern, reactions to them should not drive a school’s safety and preparedness policies, said safety experts from Kiernan Group Holdings in a recent NBOA webinar . “Emotion and perceptions lead to very...

Blog Entry
An Open Letter from Jeff Shields To NBOA Members About BIIS

CEO Notebook | How is the BIIS data-collection platform different, and how can it help you? Jeffrey Shields, FASAE, CAE NBOA President and CEO Dear Colleagues: During this frantic data-collection season, you may be scratching your head, wondering, “Why would NBOA, my professional...

Blog Entry
How to Access Benchmarking Data When You Need It

Financial Management | At some point this year, you will be looking for data points that could help with setting your school’s budget, preparing a board report or outlining a strategic plan. The time to prepare is now. Enter your school’s data into BIIS between now and Friday, October...

Blog Entry
Sustainable in Seattle

Financial Management | Webinar explored Lakeside School’s use of “sustainability markers” for continued success. Featured image: Classroom in The Downtown School, a Lakeside School, in Seattle To better track financial health and plan for the future, independent schools can look to five...