| Notes |
"Here’s how the relationship between the parent company and the charter schools worked. Technically, UNO’s charter school network, UCSN, was separate from UNO. But the two entities shared the same CEO (Rangel, who made $250,000 a year) and COO (Mullins, who made $190,000) and even the same board members—a situation fraught with potential conflicts of interest.[...]UNO did just that—and began paying itself a “management fee” of $1 of every $10 it received from local, state, and federal sources. (Some years UCSN kicked up more. In 2012, those fees totaled $5 million.) Under Rangel and Mullins, UNO had control over how that cash was spent." |