Webinars

During the school year, NBOA conducts a series of webinars on Thursdays. Our goal is to bring you the latest information that is most relevant to your job in the independent school business office, in an easy and accessible format.

All webinars take place at 4:00 PM ET and are FREE to NBOA Members and $89 for nonmember schools. To learn more about these presentations, as well as the system requirements to attend, please see our Webinar FAQs.

Questions? Contact Rini Sarmaroy at rini.sarmaroy@nboa.org or call 202-407-7139.

Watch Past Webinars
This service is available to NBOA members only.
Sponsor

This series is presented with generous support from ISM.

Winter Webinar Series

Implementing the New FASB Reporting Model and Revenue Recognition Rules

The Financial Accounting Standards Board (FASB) has issued several accounting standards updates (ASUs) that have direct applicability to nonprofit independent schools. Two of the standards will soon take effect, so schools should begin finalizing plans for adoption now to avoid facing delays when closing their books and prepare for annual audits. These ASUs apply to the financial reporting model used by nonprofit organizations (ASU 2016-14) and revenue recognition (ASU 2014-09) on sales of goods and services. The overhaul to the nonprofit financial reporting model will impact the external "GAAP" basis financial statements issued by schools in several areas, including net asset classification, expense reporting and liquidity disclosures. The revenue recognition principles will replace all previous industry guidance and preferences and will apply to major lines of service such as tuition and summer programs. Other pending ASUs may tweak how contributions are accounted for as well.

Learning Objective: Participants will learn practical implementation of these new standards for independent schools and review relevant examples/illustrations in order to create an action plan that their school can follow to be fully prepared for these changes.

Field of Study: Accounting
Delivery Method: Group Internet-Based
Program Level: Basic

Prerequisites: None
Advanced Preparation: None
Recommended CPE Credits: 1

Presented by:

Speaker

Thomas J. Sneeringer, CPA, Partner, Audit Services, RSM

Tom Sneeringer has over 20 years of audit and accounting experience, specializing in nonprofit organizations. His responsibilities include directing engagements, preparing financial statements, composing management letters and advising clients on accounting and internal control policies. Sneeringer's clients include 501(c)(3) organizations, colleges and universities, independent schools and national associations. In addition, he has extensive experience performing OMB Circular A-133 compliance audits and engagements in accordance with Yellow Book requirements. He frequently conducts seminars for clients, NBOA, the American Institute of Certified Public Accountants, the Greater Washington Society of Certified Public Accountants and other organizations on key issues facing nonprofit organizations.

Facilities Rentals: Risk Management and the Bottom Line

Along with opportunities to generate income through the rental of school facilities to third parties (summer camps, sports leagues, clubs, meetings, location filming) comes exposure to reputational risk and premises liability. Speakers will discuss potential risks from various users, practical risk mitigation techniques and legal considerations to protect your institution from risks associated with various activities.

Learning Objective: Participants will learn the risks associated with school facilities rentals and how to mitigate them for the benefit of the school's revenue.

Field of Study: Specialized Knowledge
Delivery Method: Group Internet-Based
Program Level: Basic

Prerequisites: None
Advanced Preparation: None
Recommended CPE Credits: 1

Presented by:

Speaker

Legal Counsel Participant: Christopher Frederick, Associate Attorney, Liebert Cassidy Whitmore

Christopher Frederick is an associate in Liebert Cassidy Whitmore's Los Angeles office. He has extensive experience defending clients in construction and leasing-related proceedings, as well as class action lawsuits involving wage and hour disputes. Prior to joining Liebert Cassidy Whitmore, Frederick worked for a national firm where his practice focused on construction and employment litigation. He received his B.A. from the University of California, Santa Barbara, where he was a Regent Scholarship recipient and his J.D. from Loyola Law School, where he served as an editor on the Entertainment Law Review.

Speaker

Darrow Milgrim, National Director, Independent School Practice and Camp Programs, Arthur J. Gallagher & Co.

Darrow Milgrim serves as the national director of Arthur J. Gallagher & Co.'s Schools & Camps Practice. Milgrim has been in the insurance industry for over 25 years and specializes in independent schools, camps and the nonprofit sector. He serves on the executive board of the California Collaboration for Youth, representing nonprofit organizations in legislative advocacy. Additionally, he serves on advisory councils, including the United Educators National Broker Advisory Council, Hartford Trumble Council and the Philadelphia Preferred Agent Council.

Speaker

School Participant: Whitney Walters-Sachs, Chief Administrative Officer and General Counsel, Pine Crest School

Whitney Walters-Sachs serves as the chief administrative officer and general counsel at Pine Crest School, and is a seasoned litigator with over 18 years of experience. Prior to joining Pine Crest in 2015, she was a partner at Sheppard, Mullin, Richter & Hampton LLP in the firm's Business Trials and Entertainment, Technology and Advertising practice groups. Walters-Sachs graduated cum laude from Brooklyn Law School, received her B.S.F.S. from the Edmund A. Walsh School of Foreign Service at Georgetown University, and is a proud graduate of Pine Crest School's Class of 1992.

Speaker

John Watson, Executive Director, Education Practice, Arthur J. Gallagher & Co.

John E. Watson is the executive director of Arthur J. Gallagher & Co.'s Higher Education Practice. He is a national resource dedicated to working exclusively with AJG's higher education clients in the development and implementation of cost effective risk management programs. Prior to joining Gallagher in 2003, Watson spent 16 years as the founding director of risk management for Pepperdine University. In addition to serving on the URMIA Board of Directors for 12 years, he is a recipient of the Distinguished Risk Manager designation. He has served on the United Educators Risk Management Advisory Council, UE's Brokers Advisory Council, and the Board of Directors of College Liability Insurance Company (CLIC).

Better Your School with NBOA Data: Benchmarking and Analysis with BIIS

NBOA's new data collection platform, BIIS: Business Intelligence for Independent Schools, opened for reporting in December 2017. The platform consolidates and streamlines NBOA's previous surveys as well as expands the data sets for compensation and staffing. Learn how the reporting will greatly expand your benchmarking and analysis capabilities through the platform's ability to produce reports specific to your situation. Experienced colleagues will share their insights into selecting peer groups for different data points, the data results that may inform questions to ask, and a sample board report with data highlights.

Learning Objective: Participants will learn data reporting and analysis techniques as well as industry best practices.

Field of Study: Specialized Knowledge
Delivery Method: Group Internet-Based
Program Level: Basic

Prerequisites: None
Advanced Preparation: None
Recommended CPE Credits: 1

Presented by:

Speaker

Mary Kay Markunas, Director, Research and Member Resources, NBOA

Mary Kay Markunas serves as the director, research and member resources at NBOA, and has over 24 years of experience supporting management teams in independent schools and Fortune 100 companies. In this capacity, she manages all of NBOA's research efforts and surveys, as well as online resources and toolkits. Prior to joining NBOA, Markunas served as the director of finance and operations at The Avery Coonley School for 12 years. She holds a B.S. from Purdue University and an MBA from the University of Michigan.

Speaker

Jennifer Osland Hillen, CPA, CGMA, Director, Accounting, Finance and Tax Programs, NBOA

Jennifer Osland Hillen, CPA, CGMA, is NBOA's director, accounting, finance & tax programs and interim director, professional development. She plays an integral leadership role in the development and delivery of professional development, finance, accounting and tax content. She also serves as liaison to the controller community and NBOA member accounting and audit firms. Hillen comes to NBOA from eight years at the Harpeth Hall School, where she served as the associate director of finance and operations, following service as controller and manager of accounting. Prior to joining Harpeth Hall, Jennifer was a lead senior auditor with Ernst & Young. She has extensive not-for-profit board leadership and governance experience and is the president-elect of the Junior League of Nashville.

CPE

NASBA Information

NBOA is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Featured

Capitol Building

Withholding Guidance to Change Following Tax Overhaul

The GOP’s recent, sweeping tax legislation retains important aspects of current law favorable to independent schools — thanks, in part, to the advocacy efforts of NBOA and NAIS. But changes will still impact independent schools. Read about the latest implications.

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