Website Manager

Lawrence Hamnett Soccer Association

Lawrence Hamnett Soccer Association



Teams are responsible for paying referees, gym/field rentals (Not provided by the club), and much more. One of your functions as a team manager is to oversee these financial activities. Some of these functions can be creating a team budget, maintain a checking account, and request funds from the LHSA Treasurer to pay the team's financial obligations in a timely manner. In this section, you will find all the tools to assist you, from opening a team checking account to paying your team's expenses. If you have any questions about all this, you can contact Ernie Cerone, Treasurer/Club Administrator, at [email protected]

Budget Information

For Player's Registration Fees for 2022/2023 Carding Season.

  • Fall 2022/Spring 2023 Fee:  $750
  • Spring 2023 Fee:                  $500


What does your registration fees cover:

Open A Team Bank Account

What you need to open a bank account depends on how your team or club is set up and each bank’s policies. Banks need to collect a lot of information to prevent financial crimes and comply with federal regulation.

Since LHSA is incorporated as a 501(c)(3) Non-Profit,  you will need to provide the following to open a checking account:

  1. An Employer Identification Number (EIN) and sometimes the EIN verification letter from the IRS
    A Tax ID, also known as an Employee Identification Number (EIN), is required by banks to open an account for a team or club that is distinct from you personally. The EIN is a unique number that identifies the organization to the Internal Revenue Service. To apply for an EIN, complete an "SS-4" application through the Internal Revenue Service. You can request an EIN from the IRS and receive an EIN verification letter in PDF format in minutes. The process is easy and can be completed online. Note: if you are unincorporated, you can choose "View Additional Types, Including Tax-Exempt and Governmental Organizations" on the Identify step.

  2. Two Forms of Identification & Social Security Number for Each Person on the account

    The bank you choose you to create the team account. Each person who will be on the account will need to be present and bring two forms of identification. One of the forms of identification most commonly will need to have a photo, such as a driver's license or passport. Each person will also need to know their social security number, as this will be a part of the account paperwork. Check with the branch to confirm acceptable forms of ID.  

  3. Copy of LHSA Articles of Incorporation/Organization or 501(c)(3) Nonprofit Status Letter from the IRS

    LHSA is incorporated; you will likely need to provide a copy of LHSA 501(c)(3) status from the IRS to prove your team is part of a non-profit. You can obtain a copy of this from Ernie Cerone, Treasurer/Club Administrator, by emailing him at [email protected].

  4. A minimum deposit
    The bank my require you to deposit a certain amount to open the checking account.

Requesting a check for team expenses

How does my team get reimbursed for related expenses? 

Requests for checks should be emailed to Ernie Cerone, Treasurer/Club Administrator, at [email protected]  and should include the following information;

  • Check made payable to
  • The amount
  • Detailed reason for the check. 

 All check requests will be ready 5 to 7 business days from the date of the email.  An email will be sent to you once the check is ready for pick.  If a check is needed before the 5 to 7 business days, please indicate its urgency on the email and every effort will be made to accommodate the request. 

What To Look For In A Bank Account For Your Club


A good team bank account should have low fees and offer all of the perks of a standard bank account, including features such as a debit card, online banking, checks, and mobile deposits.

Because group bank accounts often fall under the “small business” umbrella for banks, it is important to understand the features of the bank account before you apply.

Make sure to find an account that will allow you to make all of the transactions that you need to process on a monthly basis, as some bank accounts have limits on cash deposits or the total number of transactions.

Most banks will charge a small monthly maintenance fee for a group account but offer to waive it if certain conditions are met. Some of these conditions may include keeping a minimum monthly balance in the account or using the account’s debit card a certain number of times. This can be difficult for youth sports teams and booster clubs, as bank activity differs significantly between in-season and out-of-season months. It is worth having a conversation with your bank to find the best way to avoid these fees.







Using Your Team Bank Account

Once your team’s bank account is set up, you can immediately start to collect checks in the team’s name and payout expenses from the team’s account. This will help you keep track of expenses and other essential steps to handle your team’s money effectively.



Contact

Lawrence Hamnett Soccer Assocciation
P.O. Box 6844 
Lawrence Township, New Jersey 08648

Email: [email protected]