Thrivent Financial For Lutherans

Thrivent Financial For Lutherans Overview

Thrivent Financial For Lutherans is located in Minneapolis, MN. The organization was established in 1965. According to its NTEE classification (Y40) the organization is classified as: Fraternal Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. As of 12/2019, Thrivent Financial For Lutherans employed 8,415 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes.

For the year ending 12/2019, Thrivent Financial For Lutherans generated $9.6b in total revenue. The organization has seen a slow decline revenue. Over the past 5 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $8.6b during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (0.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Thrivent Financial For Lutherans has awarded 12,143 individual grants totaling $402,042,438. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

THRIVENT FINANCIAL FOR LUTHERANS IS A FRATERNAL BENEFIT SOCIETY OPERATING UNDER THE LODGE SYSTEM AND PROVIDING LIFE, HEALTH, AND OTHER BENEFITS TO ITS MEMBERS & DEPENDENTS

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE COMMON BOND AMONG THRIVENT MEMBERS IS CHRISTIANITY. THRIVENT WELCOMES AS MEMBERS, CHRISTIANS AND THEIR FAMILIES WHO SUPPORT THE MISSION OF THE SOCIETY. AS A FRATERNAL BENEFIT SOCIETY, THRIVENT PROVIDES ASSISTANCE TO THE CHARITABLE, PATRIOTIC, RELIGIOUS, EDUCATIONAL OR MEMBER SOCIAL ENDEAVORS OF AND FOR OUR MEMBERS. THRIVENT ALSO PROVIDES LIFE, HEALTH, ACCIDENT AND OTHER BENEFITS TO MEMBERS. THESE BENEFITS ARE IN THE FORM OF LIFE INSURANCE AND ANNUITIES, DISABILITY INCOME INSURANCE, LONG-TERM CARE INSURANCE, AND MEDICARE SUPPLEMENT INSURANCE. ************************************************


THRIVENT FINANCIAL AND ITS MORE THAN 2 MILLION MEMBERS CONDUCT FRATERNAL ACTIVITIES PRIMARILY THROUGH ITS LODGE SYSTEM, WHICH IS MADE UP OF LODGES THROUGHOUT THE UNITED STATES. OUR MEMBERS PARTICIPATE IN EDUCATIONAL, SOCIAL AND VOLUNTEER LODGE ACTIVITIES. EACH LODGE HAS A LEADERSHIP BOARD CONSISTING OF THRIVENT MEMBERS. LODGE SERVICE TEAMS ARE FORMED TO CONDUCT FUNDRAISERS AND SERVICE ACTIVITIES TO HELP INDIVIDUALS AND FAMILIES IN NEED, OR TO PROVIDE SUPPORT TO NOT-FOR-PROFIT ORGANIZATIONS. DURING 2019 THRIVENT MEMBERS VOLUNTEERED 17.2 MILLION HOURS THROUGH LODGE PROJECTS AND ACTIVITIES. THRIVENT AND ITS MEMBERS (THROUGH LODGE FUNDRAISING EVENTS AND RESOURCES ADDED TO COMMUNITY FUNDRAISERS) RAISED, CONTRIBUTED AND DONATED MORE THAN $333 MILLION TO HELP COMMUNITIES, CHURCHES AND INDIVIDUALS IN NEED.


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Thrivent Financial For Lutherans Board, Officers & Key Employees

Name (title)Compensation
David S Royal
Svp, Chief Investment Officer
$2,508,714
Randall L Boushek
Svp, CFO & Treasurer
$1,804,859
Doug Bearrood
Vp, Corporate Actuarial
$362,534
Kathryn V Marinello
Director
$199,500
Nikki Pechet
Director
$189,742
Frederick M Kuhlmann
Director
$36,696
Vendor Name (Service)Compensation
Haworth Marketing Media
Advertising
$2,870,146
Venable Llp
Legal Consultants
$1,032,723
Teksystems
It Contractor
$2,950,389
Pricewaterhousecoopers
Auditors
$2,410,400
The Ellig Group Llc
Executive Search
$1,032,723
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$0
Total Program Service Revenue$6,369,010,371
Investment income $1,963,595,372
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $1,032,501
Net Gain/Loss on Asset Sales $23,511,490
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $9,585,386,020

Thrivent Financial For Lutherans Grants Awarded

Over the last fiscal year, Thrivent Financial For Lutherans has awarded $91,827,218 in support to 1,952 organizations.

Grant RecipientAmount

HABITAT FOR HUMANITY INTERNATIONAL

Org PageRecipient Profile

Saint Peter, MN

PURPOSE: GENERAL SUPPORT

$10,283,587

THRIVENT FINANCIAL FOR LUTHERANS FOUNDATION

PURPOSE: GENERAL SUPPORT

$5,000,000

THRIVENT MEMBER NETWORK - NORTHLAND

Org PageRecipient Profile

Overland Park, KS

PURPOSE: GENERAL SUPPORT

$3,835,392

THRIVENT MEMBER NETWORK - SOUTHEAST

Org PageRecipient Profile

Northglenn, CO

PURPOSE: GENERAL SUPPORT

$3,725,903

THRIVENT MEMBER NETWORK - TWIN CITIES

Org PageRecipient Profile

Lancaster, PA

PURPOSE: GENERAL SUPPORT

$3,295,845

THRIVENT MEMBER NETWORK - SOUTH WISCONSIN

PURPOSE: GENERAL SUPPORT

$3,121,535
View Grant Profile

Thrivent Financial For Lutherans Grants Recieved

Over the last fiscal year, we have identified 18 grants that Thrivent Financial For Lutherans has recieved totaling $5,309,900.

Awarding OrganizationAmount
Thrivent Financial For Lutherans

Minneapolis, MN

PURPOSE: GENERAL SUPPORT

$5,000,000
Thrivent Financial For Lutherans

Minneapolis, MN

PURPOSE: GENERAL SUPPORT

$29,400
Thrivent Financial For Lutherans

Minneapolis, MN

PURPOSE: GENERAL SUPPORT

$28,500
Thrivent Financial For Lutherans

Minneapolis, MN

PURPOSE: GENERAL SUPPORT

$26,800
Thrivent Financial For Lutherans

Minneapolis, MN

PURPOSE: GENERAL SUPPORT

$25,500
Thrivent Financial For Lutherans

Minneapolis, MN

PURPOSE: GENERAL SUPPORT

$23,600
View Grant Recipient Profile

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