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        <Explanation>LANE ARTS COUNCIL'S FISCAL SPONSORSHIP SERVICE ALLOWS SMALL AND EMERGING ORGANIZATIONS TO RECEIVE SERVICES AND SUPPORT FROM LANE ARTS COUNCIL. THIS INCLUDES RECEIVING AND DISPERSING DESIGNATED FUNDS ACCORDING TO THE INSTRUCTIONS OF THE GRANTORS. IT ALSO INCLUDES BOOKKEEPING, RECORDKEEPING AND FINANCIAL REPORTING ASSOCIATED WITH MANAGEMENT OF THE FUNDS. IF ACCEPTED FOR THIS SERVICE, THE PRIMARY BENEFIT TO THE GRANTEE OF FISCAL SPONSORSHIP WILL BE THE EXPERTISE AND CREDIBILITY OF LANE ARTS COUNCIL. IT IS NOT FOR THE PURPOSE OF GUARANTEEING A TAX DEDUCTION UNDER THE TAX CODE. A PROJECT OR PROGRAM SEEKING LANE ARTS COUNCIL FISCAL SPONSORSHIP WILL BE EVALUATED ON THE FOLLOWING CRITERIA. THE PROJECT OR PROGRAM MUST SUBMIT APPROPRIATE MATERIAL INDICATING: 1. COMPATIBILITY WITH LAC'S GOALS AND OBJECTIVES FOR DEVELOPMENT AND PROMOTION OF COMMUNITY AND PROFESSIONAL ARTS AND ARTS EDUCATION. 2. A CLEARLY DEFINED ORGANIZATIONAL STRUCTURE AND A WELL-PLANNED PROJECT. 3. A BUDGET THAT SPECIFIES EXPENDITURES AND EXPECTED SOURCES OF INCOME. 4. PERFORMANCE CREDIBILITY OF THE PROGRAM OR PROJECT. LANE ARTS COUNCIL RECEIVES 3% FOR ONE TIME PROJECTS OR UP TO 5% FOR ONGOING PROJECTS. SERVICE FEES ARE ASSESSED QUARTERLY ON THE FUND FOR ALL INCOME RECEIVED FOR THE FISCAL PROJECT FROM ITS INCEPTION THROUGH THE END OF THAT QUARTER.</Explanation>
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        <Explanation>UNPAID BOARD OF DIRECTORS AND OTHER UNPAID VOLUNTEERS WORKING ON PROGRAMS AND IN THE OFFICE.</Explanation>
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        <Explanation>THE BOARD OF DIRECTORS DETERMINES THE SALARY FOR THE EXECUTIVE DIRECTOR AFTER CREATING A SALARY RANGE IN THE JOB DESCRIPTION AND THEN NEGOTIATING WITHIN THE SALARY RANGE CREATED.</Explanation>
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