THRIVENT FINANCIAL FOR LUTHERANS Charity Report

Public IRS 990 nonprofit record

THRIVENT FINANCIAL FOR LUTHERANS

EIN 39-0123480 · Religion-Related (X)

What they do

THRIVENT FINANCIAL for LUTHERANS is A NOT-FOR-PROFIT MEMBERSHIP ORGANIZATION of CHRISTIANS. for MORE THAN A CENTURY, ITS PURPOSE HAS BEEN to SERVE ITS MEMBERS and SOCIETY BY GUIDING BOTH to BE WISE WITH MONEY and LIVE GENEROUSLY. THRIVENT BELIEVES THAT ALL WE HAVE is A GIFT FROM GOD and THAT GENEROSITY is AN EXPRESSION of FAITH. THRIVENT SUCEEEDS WHEN ITS MEMBERS, THEIR FAMILIES, and THEIR COMMUNITIES THRIVE. AS STATED IN ITS ARTICLES of INCORPORATION, THRIVENT ENABLES MEMBERS THROUGH THEIR MEMBERSHIP to AID THEMSELVES and OTHERS IN THESE WAYS: * BY OFFERING PROGRAMS of INSURANCE and OTHER BENEFITS PERMISSIBLE UNDER THE LAWS GOVERNING FRATERNAL BENEFIT SOCIETIES. * THROUGH FRATERNAL and BENEVOLENT ACTIVITIES IN LOCAL LODGES. * BY PROVIDING ASSISTANCE to LUTHERAN and OTHER CHRISTIAN COMMUNITIES and THEIR INSTITUTIONS. * BY ASSISTING WITH OTHER LAWFUL ENDEAVORS AS THE BOARD of DIRECTORS MAY DETERMINE, INCLUDING THOSE THAT ARE SOCIAL, INTELLECTUAL, EDUCATIONAL, CHARITABLE, BENEVOLENT, MOR

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $100.00 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders26 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

77.55%of revenue went to mission work100.0% of expenses · Program services

$94.94spent for every $100 of revenueRevenue covered expenses this year.

$10.53in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $23,314,953 for TERESA RASMUSSEN (CEO). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$11,411,972,004

Mission workProgram services$8,849,883,06377.55% of revenue100.0% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$2,562,088,94122.45% of revenueShown in gray on the chart

Total expenses$8,849,883,06377.55% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2021CurrentExpense mix: 100.0% mission · 0.0% management · 0.0% fundraisingTotal expenses: 77.55% of revenue

2020Expense mix: 85.5% mission · 14.5% management · 0.0% fundraisingTotal expenses: 92.87% of revenue

2019Expense mix: 85.4% mission · 14.6% management · 0.0% fundraisingTotal expenses: 89.68% of revenue

2018Expense mix: 85.6% mission · 14.4% management · 0.0% fundraisingTotal expenses: 87.38% of revenue

2017Expense mix: 87.0% mission · 13.0% management · 0.0% fundraisingTotal expenses: 94.51% of revenue

2016Expense mix: 87.5% mission · 12.5% management · 0.0% fundraisingTotal expenses: 94.20% of revenue

Money in and money out

Revenue$11,798,685,276

Expenses$11,201,117,675

Annual surplus $597,567,601 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$8,849,883,063 · 79.0% of expenses

See all reported dollar amounts

Revenue$11,798,685,276

Expenses$11,201,117,675

Assets$117,961,275,629

Income$26,007,512,635

Mission work (program services)$8,849,883,063

Grants given$687,747,126

Average grant$45,813

Stocks and bonds$53,689,095,631

Accounting fees$2,287,616

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

TERESA RASMUSSENCEO · 55 hrs/week $23,314,953Base $11,703,049 · Other $11,611,904

DAVID ROYALEVP, CFO · 55 hrs/week $8,627,405Base $5,820,522 · Other $2,806,883

PAUL JOHNSTONEVP, GENERAL COUNSEL · 55 hrs/week $6,940,042Base $4,227,282 · Other $2,712,760

MARY JANE FORTINEVP, COO (FORMER) $5,787,096

ERIC BILGERFINANCIAL ASSOCIATE · 55 hrs/week $3,224,902Base $3,173,697 · Other $51,205

BRIAN ANDERSONFINANCIAL ASSOCIATE · 55 hrs/week $2,693,860Base $2,636,042 · Other $57,818

RYAN ECKHARDTFINANCIAL ASSOCIATE · 55 hrs/week $1,518,356Base $1,460,553 · Other $57,803

JONATHAN DOERINGFINANCIAL ASSOCIATE · 55 hrs/week $1,357,505Base $1,299,687 · Other $57,818

MATTHEW MOLSTREFINANCIAL ASSOCIATE · 55 hrs/week $1,187,307Base $1,129,489 · Other $57,818

N CORNELL BOGGSCHAIR OF THE BOARD · 12 hrs/week $391,000

ERIC DRAUTDIRECTOR · 10 hrs/week $268,750

KATHRYN MARINELLODIRECTOR · 10 hrs/week $268,750

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (26)

TERESA RASMUSSENCEO

DAVID ROYALEVP, CFO

PAUL JOHNSTONEVP, GENERAL COUNSEL

MARY JANE FORTINEVP, COO (FORMER)

ERIC BILGERFINANCIAL ASSOCIATE

BRIAN ANDERSONFINANCIAL ASSOCIATE

RYAN ECKHARDTFINANCIAL ASSOCIATE

JONATHAN DOERINGFINANCIAL ASSOCIATE

MATTHEW MOLSTREFINANCIAL ASSOCIATE

N CORNELL BOGGSCHAIR OF THE BOARD

ERIC DRAUTDIRECTOR

KATHRYN MARINELLODIRECTOR

BRADFORD CRESWELLDIRECTOR

LYNN CRUMP-CAINEDIRECTOR

ANGELA RIEGERDIRECTOR

DEBORAH ACKERMANDIRECTOR

NICHOLE PECHETDIRECOTR

KENNETH CAROWDIRECTOR

JILL LOUISDIRECTOR

BRIAN MCGRANEDIRECTOR

BRAD HEWITTCEO (FORMER)

MARK JESKEDIRECTOR

KIRK FARNEYDIRECTOR

FREDERICK KRAEGELDIRECTOR (FORMER)

ALICE RICHTERDIRECTOR (FORMER)

BONNIE RAQUETDIRECTOR (FORMER)

About this charity

Recognized since: January 1965
Location: 600 PORTLAND AVE S MSC 7300, MINNEAPOLIS, MN 554154402
County: Hennepin
In care of: TERESA RASMUSSEN
Primary officer: TERESA RASMUSSEN, CEO

How to reach them

WebsiteVisit the charity’s website Phone(612) 844-4249 Officer phone(612) 844-7143

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
NTEE classification: Religion-Related (X)
IRS tax category: Religion-Related
Grant-giving organization: Yes