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UNO charter schools now target of IRS audit over bonds

UNO Soccer Academy  |   Sun-Times files

UNO Soccer Academy | Sun-Times files

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Updated: September 4, 2014 9:25AM

The United Neighborhood Organization’s charter-school network is facing possible new legal troubles, with an IRS audit of bonds issued for its Chicago schools. The Internal Revenue Service audit involves nearly $37 million in bonds issued in 2011 for the UNO Charter School Network Inc., which has 16 campuses across the city that receive a total of about $50 million a year in funding from the Chicago Public Schools.

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