Nonprofit · EIN 39-0123480
THRIVENT FINANCIAL FOR LUTHERANS
Tax-exempt · MINNEAPOLIS, MN 55415
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,798,685,276 | $11,201,117,675 | $597,567,601 | $117,961,275,629 | $103,433,167,208 | $14,528,108,421 |
| December 31, 2023 | 990 | $10,636,579,694 | $10,123,126,946 | $513,452,748 | $113,534,975,998 | $99,247,408,387 | $14,287,567,611 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $7,880,621,506
- Investment income
- $2,269,815,633
- Net rental income
- $757,726
- Net gain from sales of assets
- -$122,284,385
- Other revenue
- $1,648,248,137
Expenses
- Grants and similar amounts paid
- $110,618,538
- Benefits paid to members
- $9,417,305,419
- Compensation of officers, directors and key employees
- $45,952,754
- Other salaries and wages
- $622,869,773
- Salaries, compensation and benefits (total)
- $820,320,129
- Professional fundraising fees
- $0
- Legal fees
- $8,071,033
- Accounting fees
- $2,287,616
- Occupancy
- $20,860,326
- Travel
- $21,525,912
- Depreciation
- $25,879,581
- Program services (functional)
- $11,201,117,675
Balance sheet and other
- Total assets, start of year
- $113,534,975,998
- Total assets, end of year
- $117,961,275,629
- Total liabilities, end of year
- $103,433,167,208
- Net assets, end of year
- $14,528,108,421
- Land, buildings and equipment
- $73,651,806
- Publicly traded securities
- $53,689,095,631
- Gross unrelated business income
- $34,624,994
- Gross receipts
- $26,007,512,635
- Employees
- 8,385
- Volunteers
- 2,200,000
- Year formed
- 1902
- State of legal domicile
- WI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERESA RASMUSSEN | CEO Trustee or director, Officer | 55 | $11,703,049 | $0 | $11,611,904 |
| DAVID ROYAL | EVP, CFO Officer | 55 | $5,820,522 | $0 | $2,806,883 |
| PAUL JOHNSTON | EVP, GENERAL COUNSEL Officer | 55 | $4,227,282 | $0 | $2,712,760 |
| MARY JANE FORTIN | EVP, COO (FORMER) Former | 0 | $5,787,096 | $0 | $0 |
| ERIC BILGER | FINANCIAL ASSOCIATE Highest-paid employee | 55 | $3,173,697 | $1,484,048 | $51,205 |
| JONATHAN DOERING | FINANCIAL ASSOCIATE Highest-paid employee | 55 | $1,299,687 | $3,133,288 | $57,818 |
| MATTHEW MOLSTRE | FINANCIAL ASSOCIATE Highest-paid employee | 55 | $1,129,489 | $3,155,532 | $57,818 |
| RYAN ECKHARDT | FINANCIAL ASSOCIATE Highest-paid employee | 55 | $1,460,553 | $2,536,927 | $57,803 |
| BRIAN ANDERSON | FINANCIAL ASSOCIATE Highest-paid employee | 55 | $2,636,042 | $1,211,019 | $57,818 |
| N CORNELL BOGGS | CHAIR OF THE BOARD Trustee or director | 12 | $391,000 | $0 | $0 |
| BRADFORD CRESWELL | DIRECTOR Trustee or director | 10 | $268,750 | $0 | $0 |
| ERIC DRAUT | DIRECTOR Trustee or director | 10 | $268,750 | $0 | $0 |
| KATHRYN MARINELLO | DIRECTOR Trustee or director | 10 | $268,750 | $0 | $0 |
| LYNN CRUMP-CAINE | DIRECTOR Trustee or director | 10 | $268,750 | $0 | $0 |
| ANGELA RIEGER | DIRECTOR Trustee or director | 10 | $243,750 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| DEBORAH ACKERMAN | DIRECTOR Trustee or director | 10 | $243,750 | $0 |
| JILL LOUIS | DIRECTOR Trustee or director | 10 | $243,750 | $0 |
| KENNETH CAROW | DIRECTOR Trustee or director | 10 | $243,750 | $0 |
| NICHOLE PECHET | DIRECOTR Trustee or director | 10 | $243,750 | $0 |
| BRIAN MCGRANE | DIRECTOR Trustee or director | 10 | $243,750 | $0 |
| BRAD HEWITT | CEO (FORMER) Former | 0 | $130,042 | $0 |
| MARK JESKE | DIRECTOR Trustee or director | 10 | $29,328 | $11,917 |
| KIRK FARNEY | DIRECTOR Trustee or director | 10 | $23,790 | $2,979 |
| FREDERICK KRAEGEL | DIRECTOR (FORMER) Former | 0 | $24,911 | $1,141 |
| ALICE RICHTER | DIRECTOR (FORMER) Former | 0 | $24,911 | $86 |
| BONNIE RAQUET | DIRECTOR (FORMER) Former | 0 | $17,324 | $2,261 |
990 for the year ended December 31, 2023: 30 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| TERESA RASMUSSEN | CEO Officer | 55 | $7,555,786 | $0 | $9,972,704 |
| DAVID ROYAL | EVP, CFO Officer | 55 | $4,111,642 | $0 | $2,543,933 |
| PAUL JOHNSTON | EVP, GENERAL COUNSEL Officer | 55 | $3,800,930 | $0 | $2,583,147 |
| MARY JANE FORTIN | EVP, COO Officer | 55 | $4,113,361 | $0 | $2,191,850 |
| CAROLYN SAKSTRUP | EVP, GROWTH & GENEROSITY Highest-paid employee | 55 | $2,448,074 | $0 | $1,847,876 |
| MATTHEW FINN | VP, HEAD OF EQUITY FUNDS Highest-paid employee | 55 | $3,698,110 | $0 | $538,270 |
| JONATHAN DOERING | FINANCIAL ASSOCIATE Highest-paid employee | 55 | $1,428,519 | $2,364,377 | $55,018 |
| ERIC BILGER | FINANCIAL ASSOCIATE Highest-paid employee | 55 | $2,365,860 | $1,310,671 | $43,244 |
| RYAN ECKHARDT | PRACTICE DEVELOPER Highest-paid employee | 55 | $1,065,533 | $2,015,666 | $55,018 |
| N CORNELL BOGGS | CHAIR OF THE BOARD Trustee or director | 12 | $378,833 | $0 | $2,064 |
| KIRK FARNEY | DIRECTOR Trustee or director | 10 | $254,167 | $0 | $516 |
| BRADFORD CRESWELL | DIRECTOR Trustee or director | 10 | $254,167 | $0 | $0 |
| ERIC DRAUT | DIRECTOR Trustee or director | 10 | $254,167 | $0 | $0 |
| KATHRYN MARINELLO | DIRECTOR Trustee or director | 10 | $254,167 | $0 | $0 |
| LYNN CRUMP-CAINE | DIRECTOR Trustee or director | 10 | $252,083 | $0 | $0 |
| ANGELA RIEGER | DIRECTOR Trustee or director | 10 | $229,167 | $0 | $0 |
| DEBORAH ACKERMAN | DIRECTOR Trustee or director | 10 | $229,167 | $0 | $0 |
| JILL LOUIS | DIRECTOR Trustee or director | 10 | $229,167 | $0 | $0 |
| KENNETH CAROW | DIRECTOR Trustee or director | 10 | $229,167 | $0 | $0 |
| MARK JESKE | DIRECTOR Trustee or director | 10 | $229,167 | $0 | $0 |
| NICHOLE PECHET | DIRECTOR Trustee or director | 10 | $229,167 | $0 | $0 |
| BRIAN MCGRANE | DIRECTOR Trustee or director | 10 | $191,667 | $0 | $0 |
| TERRY TIMM | SVP, PRODUCT MANUFACT.(FORMER) Former | 0 | $186,782 | $0 | $0 |
| JAMES THOMSEN | SVP, DISTRIBUTION (FORMER) Former | 0 | $179,449 | $0 | $0 |
| RANDY BOUSHEK | EVP, CFO (FORMER) Former | 0 | $130,326 | $0 | $0 |
| BRAD HEWITT | CEO(FORMER) Former | 0 | $118,403 | $0 | $0 |
| BONNIE RAQUET | DIRECTOR Trustee or director | 10 | $81,824 | $0 | $0 |
| FREDERICK KRAEGEL | DIRECTOR (FORMER) Former | 0 | $25,993 | $0 | $0 |
| ALICE RICHTER | DIRECTOR (FORMER) Former | 0 | $24,986 | $0 | $0 |
| MARK KUHLMANN | DIRECTOR (FORMER) Former | 0 | $23,978 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 600 PORTLAND AVENUE SOUTH, MINNEAPOLIS, MN 55415-4401
- In care of
- % DAVID ROYAL
- Principal officer (990 for 2024)
- TERESA RASMUSSEN, 600 PORTLAND AVE S MSC 7300, MINNEAPOLIS, MN 554154402
- Signed the 990
- TERESA RASMUSSEN, CEO
- Phone
- (612) 844-4249
- Website
- WWW.THRIVENT.COM
Mission
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
Program accomplishments
- AS A FRATERNAL BENEFIT SOCIETY, THRIVENT HAS A LEGAL PURPOSE TO PROVIDE FOR THE PAYMENT OF LIFE AND OTHER BENEFITS TO ITS MEMBERS. THESE BENEFITS ARE IN THE FORM OF LIFE INSURANCE AND ANNUITIES, DISABILITY INCOME INSURANCE, LONG-TERM CARE INSURANCE, AND MEDICARE SUPPLEMENT INSURANCE.
- THRIVENT ACTION TEAMS IS A VOLUNTEER PROGRAM THAT OFFERS A SIMPLE, FLEXIBLE WAY FOR MEMBERS TO BRING FRIENDS, FAMILIES, NEIGHBORS, AND OTHER THRIVENT MEMBERS TOGETHER TO MAKE AN IMMEDIATE IMPACT AND STRENGTHEN THEIR COMMUNITIES THROUGH SERVICE PROJECTS. IN 2024, 115,848 INDIVIDUALS LED 174,716 THRIVENT ACTION TEAMS AROUND THE COUNTRY. THESE VOLUNTEER TEAMS ENGAGED NEARLY 2.2 MILLION VOLUNTEERS WHO TOGETHER CONTRIBUTED 14.8 MILLION HOURS OF VOLUNTEER TIME AND RAISED MORE THAN $228 MILLION FOR COMMUNITITES AND CAUSES NATIONWIDE.
- THE THRIVENT CHOICE PROGRAM CROWD-SOURCES GENEROSITY. MEMBERS NOMIMATE NONPROFIT ORGANIZATIONS TO BE ENROLLED IN THE PROGRAM. THE NOMINATED ORGANIZATIONS ARE THEN REVIEWED AND APPROVED OR REJECTED BY THE MEMBER LEADERS OF THRIVENT'S CHAPTERS. QUALIFYING MEMBERS CAN THEN REQUEST THAT THRIVENT SUPPORT ENROLLED ORGANIZATIONS WITH DONATIONS. THRIVENT CHOICE ALSO ENABLES MEMBERS AND NONMEMBERS ALIKE TO MAKE FEE-FREE ONLINE DONATIONS OF THEIR OWN MONEY TO ENROLLED ORGANIZATIONS. IN 2024, 244,805 THRIVENT MEMBERS AND 5,497 OTHERS PARTICIPATED IN THRIVENT CHOICE, WITH $33.5 MILLION IN FUNDING DISTRIBUTED TO 36,000 ORGANIZATIONS.
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 39-0123480
- Tax-exempt status
- 501(c)(8): Fraternal beneficiary society
- Donations deductible (Pub 78)
- Organization other than a public charity or private foundation; Group exemption; Fraternal lodge, deductible only for charitable purposes
- Exempt since
- 1965
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Group exemption
- 0285 (10 member organizations)
- Assets (IRS master file)
- $117,961,275,629
- Income (IRS master file)
- $26,007,512,635
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $11,798,685,276 | $11,201,117,675 | $117,961,275,629 | IRS |
| 990 | December 2023 | $10,636,579,694 | $10,123,126,946 | $113,534,975,998 | XML |
| 990 | December 2022 | $10,282,948,737 | $9,133,658,483 | – | IRS |
| 990 | December 2021 | $11,411,972,004 | $8,849,883,063 | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 39-0123480).
Questions about THRIVENT FINANCIAL FOR LUTHERANS
- What is the EIN of THRIVENT FINANCIAL FOR LUTHERANS?
- The employer identification number (EIN) of THRIVENT FINANCIAL FOR LUTHERANS is 39-0123480.
- Is THRIVENT FINANCIAL FOR LUTHERANS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(8) since 1965.
- Are donations to THRIVENT FINANCIAL FOR LUTHERANS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Organization other than a public charity or private foundation; Group exemption; Fraternal lodge, deductible only for charitable purposes).
- Which annual return does THRIVENT FINANCIAL FOR LUTHERANS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of THRIVENT FINANCIAL FOR LUTHERANS due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THRIVENT FINANCIAL FOR LUTHERANS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THRIVENT FINANCIAL FOR LUTHERANS?
- The 990 for the year ended December 31, 2024 names TERESA RASMUSSEN.
- Who are the officers and directors of THRIVENT FINANCIAL FOR LUTHERANS?
- The 990 for the year ended December 31, 2024 lists 26 people; 26 received compensation from the organization, the highest $11,703,049 (TERESA RASMUSSEN, CEO).
- How much revenue does THRIVENT FINANCIAL FOR LUTHERANS have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,798,685,276, expenses of $11,201,117,675 and total assets of $117,961,275,629 at year end.
Organizations in its group exemption (10)
- THRIVENT FINANCIAL FOR LUTHERANS EIN 51-0200276 · MINNEAPOLIS, MN · last filed 990 for 2024
Other nonprofits in MINNEAPOLIS
- UCARE MINNESOTA EIN 36-3573805 · last filed 990 for 2025
- ALLINA HEALTH SYSTEM EIN 36-3261413 · last filed 990 for 2024
- FAIRVIEW HEALTH SERVICES EIN 41-0991680 · last filed 990 for 2024
- HENNEPIN HEALTHCARE SYSTEM INC EIN 42-1707837 · last filed 990 for 2024
- STRATACOR EIN 41-1852523 · last filed 990 for 2024
- CHILDRENS HEALTH CARE EIN 41-1754276 · last filed 990 for 2024
- UNIVERSITY OF MINNESOTA PHYSICIANS EIN 41-1843943 · last filed 990 for 2025
- NATIONAL MARROW DONOR PROGRAM EIN 84-0865803 · last filed 990 for 2025