Registration is closed for this event


Thursday, February 25, 2021
10:00 a.m – 11:30 a.m. (PT)

Event Description

2021 Annual Nonprofit GAAP Update

Gary McGee, CPA, Founder and Managing Partner, Gary McGee & Co. LLP 

Please join us for NAO’s annual nonprofit accounting and auditing update.

In this session, you will learn about new and proposed accounting and auditing standards, and how they will affect nonprofit organizations and their auditors.

Topics will include Financial Accounting Standards Board (FASB) guidance specific to nonprofit entities, AICPA accounting and auditing activities, and a Single Audit update.  We’ll discuss the latest developments, including the continuing effects of important accounting pronouncements already issued (ASU 2016-14 and 2018-08), as well as recently issued standards like ASU 2020-07, which seeks greater transparency in the reporting of contributed nonfinancial assets (gifts-in-kind).  Finally, we will cover recently effective date deferrals and other COVID-19-related financial reporting matters, key implementation matters on the new leases and other standards, and current FASB projects on goodwill and other areas.  A Q&A is included, so be sure to bring your questions.

Please send questions and comments ahead of the session to

Please note that a recording of this webinar will be sent to registrants after the event.

About the Presenter

Gary McGee, CPA, Founder and Managing Partner, Gary McGee & Co. LLP 

Gary McGee, CPA, is the founder and managing partner of Gary McGee & Co., a highly specialized independent accounting firm based in Portland, Oregon that works exclusively with nonprofit, tax-exempt organizations, and their donors. Formed in 1992, the firm provides audit, tax, accounting and advisory services to nonprofit clients throughout the U.S. and to many of Oregon’s best known and most respected public and private tax-exempt institutions.

Gary has worked in the tax-exempt community for more than thirty years and represents a broad range of nonprofit organizations including private foundations, charities, U.S. affiliates of foreign charities, associations, and organizations interested in public policy.

Gary studied philosophy and the humanities at Portland State University, and received training as a classical musician at The Juilliard School and at the Institut de Hautes Etudes, St. Moritz, Switzerland, receiving M.M. and B.M. degrees from Juilliard in 1975 and 1974. His formal accounting education was taken at the Lubin Graduate School of Business at Pace University, New York, where he received an M.S. degree in accounting, summa cum laude, in 1985. He is a member of the American Institute of Certified Public Accountants, the Oregon Society of Certified Public Accountants, and the New York State Society of Certified Public Accountants.


Thank You Funders and Supporters

Thank you to the following FUNDERS and SPONSORS who are supporting NAO’s online events and communications during these challenging times. Their support is vital in helping NAO to bring much-needed resources and information to Oregon’s nonprofits – thank you.

Funders: Meyer Memorial Trust, The Ford Family Foundation, M.J. Murdock Charitable Trust, The Collins Foundation, Oregon Community Foundation, The Kinsman Foundation, First Interstate BancSystem Foundation, The Carpenter Foundation, and Gordon Elwood Foundation
Friend Plus Partner Sponsor: Columbia Bank and Heritage Bank
Friend Plus Sponsors: Miller Nash Graham & Dunn LLP, McDonald Jacobs, Bliss Sequoia Insurance & Risk Advisors, CFO Selections and The Standard
Friend Sponsor: Nonprofit Professionals Now, Portland General Electric and Impact Benefits & Retirement


$15 for NAO Members
$30 for Yet To Be Members

A link to access this webinar will be provided in registration confirmation e-mail and e-mail reminder prior to event date.

If you have any questions or trouble registering contact



February 25th, 2021 10:00 AM through 11:30 AM
Online Event
Event Fee
Price $ 30.00
Event Particulars
City Online learning
NAO Event? Yes
Topic Advocacy and Public Policy, Development & Fundraising, Financial Management, Fundraiser or Festival, Operations & Planning, Public Meeting or Info Session
Event Region Central Oregon, Eastern Oregon, Metropolitan Portland, North Coast, Northern Willamette Valley, South Coast, Southern Oregon, Southern Willamette Valley
Programmatic Approach Capacity Builiding, Thought Leadership, Voice