Net Tuition Revenue and “The Gap” in K–12 Schools TM BY KATIE TURNER 2 800.443.9441 | www.blackbaud.com Net Tuition Revenue and “The Gap” in K–12 Schools Chief Financial Officers at K–12 private and independent schools have a tough job. Many fill the roles of both CFO and Chief Operations Officer, keeping an eye on the financial business as well as school operations. While this has its drawbacks, it also has its benefits. An enterprise view of school finances and operations can offer insight into the day-to- day activities that drive revenue and expenses and provide inspiration for managing both. Let’s consider the number one revenue stream for most private and independent K–12 schools: tuition. The National Business Officers Association (NBOA) reports that, on average, tui

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