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← THRIVENT CHARITABLE IMPACT & INVESTING

Form 990 for tax year 2022

Filed by THRIVENT CHARITABLE IMPACT & INVESTING.

Totals

Total revenue
$101,828,070
Total expenses
$69,253,844
Contributions and grants received
$83,141,115
Grants paid
$61,860,798
Program service revenue
$0
Investment income
$18,520,007
Other revenue
$166,948
Total assets, end of year
$707,383,867
Total liabilities, end of year
$130,309,734
Net assets or fund balances, end of year
$577,074,133
Program services expenses (Part IX)
$62,303,854
Management and general expenses
$3,991,830
Fundraising expenses
$2,958,160
Program service expenses (Part III)
$62,303,854

Program services were 90.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $83,141,115

  • 1g · Noncash contributions included above

    $19,750,721

  • 3 · Investment income

    total $13,769,432 · excluded $13,769,432

  • 5 · Royalties

    total $36,141 · excluded $36,141

  • 7a · Gross sales of assets other than inventory

    securities $173,068,131

  • 7b · Less cost or other basis and sales expenses

    securities $168,317,556

  • 7c · Gain or loss

    securities $4,750,575

  • 7d · Net gain or loss

    total $4,750,575 · excluded $4,750,575

  • 11d · All other revenue

    total $130,807 · excluded $130,807

  • 11e · Other revenue, total

    $130,807

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $61,860,798 · program services $61,860,798

  • 5 · Compensation of officers, directors and key employees

    total $621,391 · program services $44,491 · management and general $405,085 · fundraising $171,815

  • 7 · Other salaries and wages

    total $2,691,312 · program services $192,698 · management and general $1,754,466 · fundraising $744,148

  • 9 · Other employee benefits

    total $605,891 · program services $43,382 · management and general $394,980 · fundraising $167,529

  • 10 · Payroll taxes

    total $208,586 · program services $14,935 · management and general $135,977 · fundraising $57,674

  • 11b · Fees: legal

    total $12,367 · program services $1,235 · management and general $8,328 · fundraising $2,804

  • 11c · Fees: accounting

    total $69,000 · management and general $69,000

  • 11f · Fees: investment management

    total $1,482,167 · fundraising $1,482,167

  • 11g · Fees: other

    total $481,660 · program services $55,011 · management and general $301,814 · fundraising $124,835

  • 12 · Advertising and promotion

    total $56,645 · program services $5,659 · management and general $38,145 · fundraising $12,841

  • 13 · Office expenses

    total $15,343 · program services $1,533 · management and general $10,332 · fundraising $3,478

  • 14 · Information technology

    total $498,486 · program services $49,799 · management and general $335,680 · fundraising $113,007

  • 16 · Occupancy

    total $100,000 · program services $9,990 · management and general $67,340 · fundraising $22,670

  • 17 · Travel

    total $142,057 · program services $14,192 · management and general $95,661 · fundraising $32,204

  • 23 · Insurance

    total $13,628 · program services $1,362 · management and general $9,177 · fundraising $3,089

  • 24a · Other expenses: DUES, FEES, & SUBSCRIPT

    total $59,401 · program services $5,934 · management and general $40,001 · fundraising $13,466

  • 24b · Other expenses: SPECIAL PROJECTS

    total $12,732 · program services $1,272 · management and general $8,574 · fundraising $2,886

  • 24e · All other expenses

    total $322,380 · program services $1,563 · management and general $317,270 · fundraising $3,547

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $27,134,751 · end of year $20,450,123

  • 2 · Savings and temporary cash investments

    beginning of year $1,185,769 · end of year $4,692,608

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,412 · end of year $35,324

  • 10a · Land, buildings and equipment: cost or other basis

    $475,000

  • 10c · Land, buildings and equipment, net

    beginning of year $891,100 · end of year $475,000

  • 11 · Investments: publicly traded securities

    beginning of year $708,381,773 · end of year $609,400,642

  • 13 · Investments: program-related

    beginning of year $306,738 · end of year $0

  • 15 · Other assets

    beginning of year $71,802,310 · end of year $72,330,170

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,105,119 · end of year $1,282,456

  • 25 · Other liabilities

    beginning of year $127,007,443 · end of year $129,027,278

  • 27 · Net assets without donor restrictions

    beginning of year $649,019,969 · end of year $548,625,838

  • 28 · Net assets with donor restrictions

    beginning of year $32,576,322 · end of year $28,448,295

Mission and programs · 2022

Mission

THRIVENT CHARITABLE IMPACT & INVESTING BRINGS HOPE TO THE WORLD BY EMPOWERING PEOPLE TO CREATE THE CHANGE THAT MATTERS MOST TO THEM. WE OPEN THE JOY OF GENEROSITY TO ALL BY MAKING IT EASY FOR ANYONE TO GIVE TO THE CAUSES THEY CHERISH. WE TAKE A HOLISTIC, PERSONALIZED APPROACH TO HELP OUR DONORS CREATE STRATEGIC CHARITABLE PLANS, ILLUMINATING NEW PATHS TO PERSONALIZED IMPACT THROUGH VISIONARY MODELS, TAILORED SERVICE AND DEEP EXPERTISE. SUPPORTED BY OUR FAITH, WE ARE PASSIONATE ABOUT CREATING POSITIVE IMPACT AND INSPIRING LASTING CHANGE IN OUR COMMUNITIES.

Activities or mission (Part I)

SERVING THE COMMUNITY THROUGH CHARITABLE PLANNING, DONOR-ADVISED FUNDS, AND ENDOWMENTS.

  • THRIVENT CHARITABLE'S MISSION IS DRIVEN BY A FAITH-FILLED TRADITION OF WORKING TOGETHER TO ADDRESS IMPORTANT AND DIVERSE SOCIETAL ISSUES WITH PASSION AND PURPOSE. IN 2022, $62 MILLION WAS DISTRIBUTED TO OVER 8,000 CHARITIES THROUGHOUT OUR LOCAL, NATIONAL AND GLOBAL COMMUNITIES. THROUGH DONOR ADVISED FUNDS, DONORS GRANT TO CHARITIES AT TIMES OF THEIR CHOOSING. THROUGH DESIGNATED FUNDS, DONORS DESIGNATE ORGANIZATIONS OR CAUSES TO RECEIVE AUTOMATIC ANNUAL GRANTS. AND THROUGH OUR IMPACT FUNDS, DONORS MAKE GIFTS TO POOL WITH OTHER GENEROUS DONORS TO ACHIEVE A GREATER IMPACT ON AN ISSUE OR FIELD OF INTEREST. IN ADDITION, THRIVENT CHARITABLE SUPPORTS THE GENEROSITY OF DONORS AFFILIATED WITH THRIVENT BY PROCESSING DONATIONS MADE VIA THRIVENT'S PERSONAL GIVING PROGRAM.

    Expenses $62,303,854 · Grants $61,860,798

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Mandy Tuong

    PRESIDENT & CEO

    Total calculated
    $621,392
    From this org
    $570,144
    From related orgs
    $0
    Other
    $51,248
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $448,644
    Bonus
    $115,500
    Other
    $6,000
    Deferred
    $50,773
    Nontaxable benefits
    $475
    Filer's total
    $621,392

  • Rebecca Stibbe

    SENIOR VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Kim Borton

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Greg Shamey

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Nicki Schuman

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Cindy Nigbur

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Gregory Allen

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    40

  • Max Erickson

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    40

  • Kurt Senske

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • James H Scott Jr

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Michelle Clary

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Sheri Cooper

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alesia Frerichs

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jim Hushagen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Darcy Berube Johnson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Jim Odland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carolyn Saskstrup

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Abe Sheikh

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Mark Smith

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Kimberly Spears

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2022
Filed
7 September 2023
IRS schema version
2022v5.0
Source object
202302569349301225

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