The American Conservative Union (ACU), the parent organization of the annual Conservative Political Action Conference (CPAC) led by chairman Matt Schlapp , faced significant revenue losses last year, according to a recent tax filing. The loss in revenue follows revelations that Schlapp was the subject of a lawsuit alleging the sexual battery of a young man, Republican strategist Carlton Huffman. The tax document revealed the ACU’s conference revenue dropped by over half, from $11.7 million to $5.4 million, marking the nonprofit’s lowest income since 2018.
The sexual assault allegations against Schlapp became public less than two months before CPAC 2023. As a result, attendance and sponsorships took a significant hit. The tax filing revealed that ACU’s overall revenue dropped substantially. The hefty salaries, including Schlapp’s personal income — at least $350,000 per year — contributed to ACU’s fiscal challenges. The wages rose by nearly $600,000 from the previous year, while […]
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