Monday, February 23, 2026

CPAC Tax Docs Reveal Massive Revenue Drop, Lowest Since 2018.

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 the revenue generated barely covered the $2.2 million paid out to the organization’s top 13 earners.

During the same period, the organization’s treasurer, Bob Beauprez, resigned, explaining: “Over three years ago, I had become quite concerned about the obvious unease, frustration, palpable tension and anxiety among staff, and high rate of turnover. Even from the outside, it was clear that things were not going well.”

He added: “I cannot deliver a financial report at the upcoming board meeting with any confidence in the accuracy of the numbers.”

Last year, it was revealed that Schlapp offered his alleged victim a six-figure payoff to drop the lawsuit. In February, Fox News host Sean Hannity and several former CPAC staffers were subpoenaed as part of the ongoing investigations into the allegations against Schlapp.

show less

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.

show more

Sean Hannity & Ex CPAC Staff Subpoenaed in Matt Schlapp Sex Assault Investigation.

Fox News host Sean Hannity, Bulwark writer Tim Miller, and a slew of former Conservative Political Action Conference (CPAC) staffers and board members have been subpoenaed as part of an ongoing investigation into accusations of sexual assault and defamation by CPAC chairman Matt Schlapp.

Carlton Huffman, a volunteer on the Hershel Walker campaign in Georgia in 2022. Schlapp, 55, denies the accusation that he grabbed Huffman’s crotch late at night after a heavy drinking session, though reports suggest Schlapp offered Huffman a six-figure settlement over the matter. The lawsuit is now said to be in the millions of dollars. CPAC board members and staff, including the Vice Chairman, have resigned en masse since the incident.

The 24sight website reported this week that Miller is being deposed after having corresponded with Huffman after the alleged incident, while Hannity is said to have received an email from Schlapp regarding the matter. Reports have also suggested subpoenaed individuals were present during a CPAC document shredding exercise in the aftermath of the incident.

The National Pulse understands that a number of former staff and board members, plus existing board members such as Carolyn Meadows, have also been subpoenaed, with testimonies set to begin as early as next week. Staffers from the Walker campaign have also been subpoenaed.

“Tragically, for those who are encouraging Matt to ‘fight this to the end,’ the costs are already staggering,” former CPAC Vice Chairman Charlie Gerow wrote to the board last year. The organization’s former treasurer, Bob Beauprez, has also resigned, alleging a “cancer” metastasizing the organization “for years” has now taken hold.

The National Pulse recently reported that Schlapp has taken Soros money into CPAC, using the cash for so-called “criminal justice reform” efforts.

show less
Fox News host Sean Hannity, Bulwark writer Tim Miller, and a slew of former Conservative Political Action Conference (CPAC) staffers and board members have been subpoenaed as part of an ongoing investigation into accusations of sexual assault and defamation by CPAC chairman Matt Schlapp. show more
schlapp

REPORT: Schlapps Considered Dumping Trump Over Immigration.

Sordid details about the “booze-fueled” life of American Conservative Union (ACU) Chairman and Conservative Political Action Conference (CPAC) honcho Matt Schlapp have come to light in a new book that the long-time Republican lobbyist co-operated for.

In The Big Break: The Gamblers, Party Animals, and True Believers Trying to Win in Washington While America Loses Its Mind, author Ben Terris spent time with Schlapp and his network, discovering details of the private life of one of the most prominent conservatives in the United States. Moreover, Terris reveals that Matt Schlapp and his wife Mercedes almost ditched their support for President Donald Trump due to his hardline stance on immigration (Mercedes is of Cuban origin) and the Access Hollywood tapes.

In one strange tale, Schlapp is said to have been cut off from his alcohol by his own young daughter, after he threatened to break into Disney World and “raid the Magic Kingdom”.

The details have been published in the Daily Mail, and come just one day after The National Pulse exclusively revealed the resignation of one of Schlapp’s closest allies Bob Beauprez. The former Congressman and ACU treasurer said there is a “cancer” at the heart of the organization and pointed to alleged financial mismanagement, as well as a recent massive staff exodus from the group.

One close associate, Ross Hemminger, told the book author that Schlapp is “conflicted” over the subject of homosexuality.

“You think he picks a gay vice president?” Matt said to colleagues of Senator Tim Scott, who is unmarried and childless, but never come out as gay. “You think that’s going to work out great? I’m okay with it, if you’re okay with it?”

Schlapp recently said transgender athlete Lia Thomas “deserves our compassion” and referred to the “trans woman” as a “she/her”.

show less
Sordid details about the "booze-fueled" life of American Conservative Union (ACU) Chairman and Conservative Political Action Conference (CPAC) honcho Matt Schlapp have come to light in a new book that the long-time Republican lobbyist co-operated for. show more

Editor’s Notes

Behind-the-scenes political intrigue exclusively for Pulse+ subscribers.

RAHEEM J. KASSAM Editor-in-Chief
Where to start with this? The Daily Mail article contains a LOT of nods to certain behavior Schlapp is known for
Where to start with this? The Daily Mail article contains a LOT of nods to certain behavior Schlapp is known for show more
for exclusive members-only insights
cpac

EXC: CPAC Treasurer Resigns Alleging ‘Cancer in Organization Metastasizing for Years’.

The National Pulse has seen a copy of a 13-page resignation letter from former Member of Congress and recent American Conservative Union (ACU) Treasurer Bob Beauprez. The ACU is the parent organization of the Conservative Political Action Conference (CPAC), considered a powerful organization on the political right since its inception in 1974.

The organization has been run by former Bush appointee Matt Schlapp, a lobbyist for big tech firms as well as pharmaceuticals giants, since 2014.

Finances.

The letter – sent on May 23rd to Schlapp and all other members of the board – begins with Mr. Beauprez declaring “I cannot deliver a financial report at the upcoming board meeting with any confidence in the accuracy of the numbers,” before going on to reveal a “mass exodus of staff shortly before and immediately after CPAC 2023.”

He had served in the role for eight years, almost as long as Schlapp, and was considered a key Schlapp ally on the board.

The letter also establishes that the organizations chief financial officer was recently removed from his post and replaced with Schlapp’s friend Frank Sadler, campaign manager for failed presidential candidate Carly Fiorina. The subject of financial rectitude is an overarching theme of the letter, which also contains the personal and private information of ACU staff and board members, as well as allegedly maligned young staff members.

Staff ‘in Therapy’, ‘On Drugs’.

“Over three years ago I had become quite concerned about the obvious unease, frustration, palpable tension and anxiety among staff, and high rate of turnover. Even from the outside, it was clear that things were not going well,” Beauprez wrote.

Details of the matters include: “more than a few [staff] have succumbed to professional therapists and prescription drugs. There are reports of staff escaping to the restroom and being discovered crying openly. One employee became so despondent that she stepped away from a group of friends at a restaurant and was later rescued outside on the street walking aimlessly in traffic.”

Compliance.

The document also asserts the organization under Schlapp’s stewardship is not in compliance with a number of its own bylaws, and warns about potential investigation by district attorneys. Beauprez stunningly warns: “…in some cases, our operating procedures are in direct conflict with our own bylaws. Thus, [we’re] feeding red meat to the lions!”

The letter and the further investigations it is likely to spark will concern the other members of the board, which includes the Leadership Institute’s Morton Blackwell, the Young America’s Foundation’s Ron Robinson, as well as donors such as Elaine Beck, and ex-NRA President Carolyn Meadows.

The CPAC event this year in Washington, D.C. was sparsely attended. Once drawing over 10,000 people, the 2023 event scarcely reached 2,500 attendees.

 

 

show less
The National Pulse has seen a copy of a 13-page resignation letter from former Member of Congress and recent American Conservative Union (ACU) Treasurer Bob Beauprez. The ACU is the parent organization of the Conservative Political Action Conference (CPAC), considered a powerful organization on the political right since its inception in 1974. show more

Editor’s Notes

Behind-the-scenes political intrigue exclusively for Pulse+ subscribers.

RAHEEM J. KASSAM Editor-in-Chief
The reason this is important is that the ACU was first set up in 1974, and is still a potentially influential pressure group, conference, and conservative ratings organization
The reason this is important is that the ACU was first set up in 1974, and is still a potentially influential pressure group, conference, and conservative ratings organization show more
for exclusive members-only insights