Anselm House
Legal name: Friends of Anselm House
Nonprofit profile at a glance
- EIN
- 871627059
- IRS 990 coverage
- 2021–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024, Form 990-T 2024, Form 990-N 2020
- Location
- Minneapolis, MN, United States
- Phone
- 612-378-1935
- Rating
- 79
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Single Organization Support
- Affiliation
- Religious (unspecified)
Reported finances
- Revenue
- $317,338
- Expenses
- $465,117
- Assets
- $20,413,839
- Liabilities
- $5,997,018
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Executive titles in this filing
- Bryan Bademan (Executive Director)
Highest reported compensation
- Bryan Bademan (Executive Director): $148,868 total reported compensation
- Thomas Barclay (Finance Director): $24,811 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Anselm House exists to help students and faculty at the University of Minnesota connect faith & knowledge with all of life. You long for places where you can bring all of yourself—your ideas, your questions, your experiences, your personality—and be met with genuine embrace. You long to explore, to be challenged, and to order your life and learning around the love of God. At Anselm House, we’ve made it our mission to help you make these heart connections. We’re pursuing the integrated life—a life of wholeness—in the context of rich, Christian community. We're growing! We're seeking five new teammates to help us connect faith & knowledge at the University of Minnesota. View our careers and apply today.
What it reported doing in 2024
The mission of Friends of Anselm House is to support Anselm House in its stewardship of real estate assets. Melrose Station houses Anselm House and other businesses and represents the largest asset. River House hosts the residential fellows program that cultivates intentional Christian community among university students. An additional building may be used in the future to expand the residential community.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 89
- Transparency & Controls: 90
- Accountability: 68
- Sustainability: 38
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 85.7%; rating input score 86; 23rd percentile among comparable filings
- Governance controls: 4 of 9 controls in place; rating input score 44
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -46.6%; rating input score 6; 6th percentile among comparable filings
- Total-asset coverage ratio: 43.89; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: 0.29; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 1.2%; rating input score 36; 36th percentile among comparable filings
Growth
- Program expense growth: -15.9% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: -94.8% per year; rating input score 0; 0th percentile among comparable filings
- Asset growth: 3.1% per year; rating input score 100; 38th percentile among comparable filings
Details
- What they do: 1 programs and campaigns described on the official site · 1 operating location identified
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 6 of 7 board members independent · 4 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $465K in reported program spending
- Leadership: top reported pay $149K · 8 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 4 filed schedules
- Filing history: 4 filing years from 2021 to 2024
- Contacts: How to reach this organization
- Related organizations: 1 filed related-organization link
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Moderate — Accountability: Governance controls: 5 of 9 not reported.
- High — Sustainability: Operating margin scored 6/100.
- High — Growth: Program expense growth scored 0/100.
- High — Growth: Revenue growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 16/100.
- Moderate — Sustainability: Officer compensation ratio scored 36/100.