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Nonprofiteer
← THRIVENT FINANCIAL FOR LUTHERANS

Form 990 for tax year 2024

Filed by THRIVENT FINANCIAL FOR LUTHERANS.

Totals

Total revenue
$11,798,685,276
Total expenses
$11,201,117,675
Contributions and grants received
$0
Grants paid
$110,618,538
Program service revenue
$7,880,621,506
Investment income
$2,269,815,633
Other revenue
$1,648,248,137
Total assets, end of year
$117,961,275,629
Total liabilities, end of year
$103,433,167,208
Net assets or fund balances, end of year
$14,528,108,421
Program services expenses (Part IX)
$11,201,117,675
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Program services were 100.0% 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.

  • 2a · Program service revenue: PREMIUMS

    total $6,423,832,649 · related or exempt $6,423,832,649

  • 2b · Program service revenue: FEE INCOME

    total $1,368,852,323 · related or exempt $1,368,134,467 · excluded $717,856

  • 2c · Program service revenue: CONTRACT LOAN INTEREST

    total $76,172,075 · related or exempt $76,172,075

  • 2d · Program service revenue: RENTAL INCOME FROM CORPORATE HEADQUARTERS

    total $11,764,459 · related or exempt $11,764,459

  • 3 · Investment income

    total $2,392,100,018 · related or exempt $2,392,100,018

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6a · Gross rents

    personal property $757,726

  • 6c · Rental income or loss

    real property $0 · personal property $757,726

  • 6d · Net rental income or loss

    total $757,726 · related or exempt $757,726

  • 7a · Gross sales of assets other than inventory

    securities $11,787,983,700 · other assets $2,298,559,275

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

    securities $11,875,701,953 · other assets $2,333,125,406

  • 7c · Gain or loss

    securities -$87,718,253 · other assets -$34,566,131

  • 7d · Net gain or loss

    total -$122,284,385 · related or exempt -$154,525,691 · unrelated business $32,241,306

  • 8a · Fundraising events: gross income

    $0

  • 8b · Fundraising events: direct expenses

    $0

  • 8c · Net income from fundraising events

    total $0

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: MORTGAGE INTEREST

    total $436,356,880 · excluded $436,356,880

  • 11b · Other revenue: AFFILIATE EXPENSE REIMBURSEMENT

    total $132,459,104 · related or exempt $132,459,104

  • 11c · Other revenue: OTHER INVESTMENT INCOME

    total $1,047,248,565 · related or exempt $1,046,896,696 · unrelated business $351,869

  • 11d · All other revenue

    total $31,425,862 · related or exempt $29,394,043 · unrelated business $2,031,819

  • 11e · Other revenue, total

    $1,647,490,411

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $110,413,538 · program services $110,413,538

  • 2 · Grants to domestic individuals

    total $205,000 · program services $205,000

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $9,417,305,419 · program services $9,417,305,419

  • 5 · Compensation of officers, directors and key employees

    total $45,952,754 · program services $45,952,754

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $622,869,773 · program services $622,869,773

  • 8 · Pension plan contributions

    total $44,309,752 · program services $44,309,752

  • 9 · Other employee benefits

    total $50,917,924 · program services $50,917,924

  • 10 · Payroll taxes

    total $56,269,926 · program services $56,269,926

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $8,071,033 · program services $8,071,033

  • 11c · Fees: accounting

    total $2,287,616 · program services $2,287,616

  • 11d · Fees: lobbying

    total $799,878 · program services $799,878

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $0

  • 11g · Fees: other

    total $158,684,535 · program services $158,684,535

  • 12 · Advertising and promotion

    total $65,083,390 · program services $65,083,390

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $85,878,614 · program services $85,878,614

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $20,860,326 · program services $20,860,326

  • 17 · Travel

    total $21,525,912 · program services $21,525,912

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $25,879,581 · program services $25,879,581

  • 23 · Insurance

    total $1,845,499 · program services $1,845,499

  • 24a · Other expenses: COMMISSIONS

    total $316,749,179 · program services $316,749,179

  • 24b · Other expenses: REGIONAL FIELD OFFICE EXPENSE

    total $18,763,364 · program services $18,763,364

  • 24c · Other expenses: POSTAGE

    total $11,498,512 · program services $11,498,512

  • 24d · Other expenses: TELEPHONE

    total $2,196,046 · program services $2,196,046

  • 24e · All other expenses

    total $112,750,104 · program services $112,750,104

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,008,400,752 · end of year $1,437,112,717

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $0

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $0

  • 4 · Accounts receivable

    beginning of year $290,041,353 · end of year $251,003,373

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $2,437,239 · end of year $2,437,239

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $57,590,601 · end of year $55,357,023

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

    $170,236,975

  • 10b · Land, buildings and equipment: accumulated depreciation

    $96,585,169

  • 10c · Land, buildings and equipment, net

    beginning of year $103,325,103 · end of year $73,651,806

  • 11 · Investments: publicly traded securities

    beginning of year $49,326,637,567 · end of year $53,689,095,631

  • 12 · Investments: other securities

    beginning of year $23,119,630,386 · end of year $22,873,473,992

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $38,626,912,997 · end of year $39,579,143,848

  • 17 · Accounts payable and accrued expenses

    beginning of year $100,356,862 · end of year $94,120,592

  • 18 · Grants payable

    beginning of year $0 · end of year $0

  • 19 · Deferred revenue

    beginning of year $0 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $99,147,051,525 · end of year $103,339,046,616

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $14,287,567,611 · end of year $14,528,108,421

Mission and programs · 2024

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

Activities or mission (Part I)

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

  • 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.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Teresa Rasmussen

    CEO

    Total calculated
    $23,314,953
    From this org
    $11,703,049
    From related orgs
    $0
    Other
    $11,611,904
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $1,148,902
    Bonus
    $10,137,422
    Other
    $416,725
    Deferred
    $11,596,250
    Nontaxable benefits
    $15,654
    Filer's total
    $23,314,953

  • David Royal

    EVP, CFO

    Total calculated
    $8,627,405
    From this org
    $5,820,522
    From related orgs
    $0
    Other
    $2,806,883
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $716,250
    Bonus
    $4,864,567
    Other
    $239,705
    Deferred
    $2,784,617
    Nontaxable benefits
    $22,266
    Filer's total
    $8,627,405

  • Paul Johnston

    EVP, GENERAL COUNSEL

    Total calculated
    $6,940,042
    From this org
    $4,227,282
    From related orgs
    $0
    Other
    $2,712,760
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $728,923
    Bonus
    $3,314,057
    Other
    $184,302
    Deferred
    $2,690,494
    Nontaxable benefits
    $22,266
    Filer's total
    $6,940,042

  • Mary Jane Fortin

    EVP, COO (FORMER)

    Total calculated
    $5,787,096
    From this org
    $5,787,096
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $3,577,176
    Other
    $2,209,920
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $5,787,096

  • Eric Bilger

    FINANCIAL ASSOCIATE

    Total calculated
    $4,708,950
    From this org
    $3,173,697
    From related orgs
    $1,484,048
    Other
    $51,205
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $532,422
    Other
    $2,641,275 + $1,484,048 related
    Deferred
    $35,730
    Nontaxable benefits
    $15,475
    Filer's total
    $3,224,902 + $1,484,048 related

  • Jonathan Doering

    FINANCIAL ASSOCIATE

    Total calculated
    $4,490,793
    From this org
    $1,299,687
    From related orgs
    $3,133,288
    Other
    $57,818
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $458,144
    Other
    $841,543 + $3,133,288 related
    Deferred
    $35,730
    Nontaxable benefits
    $22,088
    Filer's total
    $1,357,505 + $3,133,288 related

  • Matthew Molstre

    FINANCIAL ASSOCIATE

    Total calculated
    $4,342,839
    From this org
    $1,129,489
    From related orgs
    $3,155,532
    Other
    $57,818
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $366,758
    Other
    $762,731 + $3,155,532 related
    Deferred
    $35,730
    Nontaxable benefits
    $22,088
    Filer's total
    $1,187,307 + $3,155,532 related

  • Ryan Eckhardt

    FINANCIAL ASSOCIATE

    Total calculated
    $4,055,283
    From this org
    $1,460,553
    From related orgs
    $2,536,927
    Other
    $57,803
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $436,071
    Other
    $1,024,482 + $2,536,927 related
    Deferred
    $35,730
    Nontaxable benefits
    $22,073
    Filer's total
    $1,518,356 + $2,536,927 related

  • Brian Anderson

    FINANCIAL ASSOCIATE

    Total calculated
    $3,904,879
    From this org
    $2,636,042
    From related orgs
    $1,211,019
    Other
    $57,818
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $384,690
    Other
    $2,251,352 + $1,211,019 related
    Deferred
    $35,730
    Nontaxable benefits
    $22,088
    Filer's total
    $2,693,860 + $1,211,019 related

  • N Cornell Boggs

    CHAIR OF THE BOARD

    Total calculated
    $391,000
    From this org
    $391,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    12

    Schedule J breakdown matched by us

    Base
    $391,000
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $391,000

  • Bradford Creswell

    DIRECTOR

    Total calculated
    $268,750
    From this org
    $268,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $268,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $268,750

  • Eric Draut

    DIRECTOR

    Total calculated
    $268,750
    From this org
    $268,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $268,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $268,750

  • Kathryn Marinello

    DIRECTOR

    Total calculated
    $268,750
    From this org
    $268,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $268,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $268,750

  • Lynn Crump-Caine

    DIRECTOR

    Total calculated
    $268,750
    From this org
    $268,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $268,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $268,750

  • Angela Rieger

    DIRECTOR

    Total calculated
    $243,750
    From this org
    $243,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $243,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $243,750

  • Deborah Ackerman

    DIRECTOR

    Total calculated
    $243,750
    From this org
    $243,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $243,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $243,750

  • Jill Louis

    DIRECTOR

    Total calculated
    $243,750
    From this org
    $243,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $243,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $243,750

  • Kenneth Carow

    DIRECTOR

    Total calculated
    $243,750
    From this org
    $243,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $243,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $243,750

  • Nichole Pechet

    DIRECOTR

    Total calculated
    $243,750
    From this org
    $243,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $243,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $243,750

  • Brian McGrane

    DIRECTOR

    Total calculated
    $243,750
    From this org
    $243,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $243,750
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $243,750

  • Brad Hewitt

    CEO (FORMER)

    Total calculated
    $130,042
    From this org
    $130,042
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $130,042
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $130,042

  • Mark Jeske

    DIRECTOR

    Total calculated
    $41,245
    From this org
    $29,328
    From related orgs
    $0
    Other
    $11,917
    Hours/week
    10

  • Kirk Farney

    DIRECTOR

    Total calculated
    $26,769
    From this org
    $23,790
    From related orgs
    $0
    Other
    $2,979
    Hours/week
    10

  • Frederick Kraegel

    DIRECTOR (FORMER)

    Total calculated
    $26,052
    From this org
    $24,911
    From related orgs
    $0
    Other
    $1,141
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $24,911
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,141
    Nontaxable benefits
    not reported
    Filer's total
    $26,052

  • Alice Richter

    DIRECTOR (FORMER)

    Total calculated
    $24,997
    From this org
    $24,911
    From related orgs
    $0
    Other
    $86
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $24,911
    Bonus
    not reported
    Other
    not reported
    Deferred
    $86
    Nontaxable benefits
    not reported
    Filer's total
    $24,997

  • Bonnie Raquet

    DIRECTOR (FORMER)

    Total calculated
    $19,585
    From this org
    $17,324
    From related orgs
    $0
    Other
    $2,261
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $17,324
    Bonus
    not reported
    Other
    not reported
    Deferred
    $2,261
    Nontaxable benefits
    not reported
    Filer's total
    $19,585

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

  • 1a · First-class or charter travel
  • 1a · Travel for companions
  • 1a · Tax indemnification and gross-up payments
  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

OTHER BENEFITS
"FIRST-CLASS TRAVEL" WAS ELIGIBLE TO BE UNDERTAKEN EXCLUSIVELY FOR BUSINESS PURPOSES BY ALL DIRECTORS, AND AS SUCH, WAS NOT TREATED AS TAXABLE COMPENSATION. "CHARTER TRAVEL" WAS UNDERTAKEN EXCLUSIVELY FOR BUSINESS PURPOSES BY SELECTED OFFICERS, AND AS SUCH, WAS NOT TREATED AS TAXABLE COMPENSATION. "TRAVEL FOR COMPANIONS" INCLUDES SPOUSAL/COMPANION TRAVEL FOR THE FOLLOWING LISTED PERSONS, AS WELL AS A TAX "GROSS-UP PAYMENT" (IF APPLICABLE): PERSON AND AMOUNT TERESA RASMUSSEN - $ 26,801 PAUL JOHNSTON - $30,312 ALL OF THE ABOVE AMOUNTS WERE TREATED AS TAXABLE COMPENSATION TO THE APPLICABLE LISTED PERSON. "SOCIAL CLUB DUES" WERE PAID BY THE ORGANIZATION ON BEHALF OF TWO OFFICERS. AS THE CLUB IS USED EXCLUSIVELY FOR BUSINESS PURPOSES, THE AMOUNTS WERE NOT TREATED AS TAXABLE COMPENSATION. THE ORGANIZATION DID NOT PAY ANY "HEALTH CLUB DUES" ON BEHALF OF ANY OFFICERS DURING THE YEAR. **********************************************************
SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS - SCH. J, PART I, LINE 4B
PERSON AND AMOUNT PAID: TERESA RASMUSSEN - $314,427 DAVID ROYAL - $224,155 PAUL JOHNSTON - $106,669 A BRIEF EXPLANATION OF THE SUPPLEMENTAL NONQUALIFIED RETIREMENT PLAN PRESENTLY OFFERED IS AS FOLLOWS: KEY EMPLOYEE RESTORATION PLAN - THE PURPOSE OF THIS PLAN IS TO PROVIDE SUPPLEMENTAL BENEFITS TO ELIGIBLE KEY EMPLOYEES. THE PLAN IS INTENDED TO BE AN UNFUNDED PLAN MAINTAINED PRIMARILY FOR THE PURPOSE OF PROVIDING DEFERRED COMPENSATION FOR A SELECT GROUP OF MANAGEMENT OR HIGHLY COMPENSATED EMPLOYEES AS DESCRIBED IN SECTIONS 201(2), 301(A)(3) AND 401(A)(1) OF THE EMPLOYEE RETIREMENT INCOME SECURITY ACT OF 1974 (ERISA). AMOUNTS ACCRUED BUT UNPAID DURING THE CURRENT YEAR ARE REPORTED IN SCHEDULE J, PART II, COLUMN C ABOVE AS RETIREMENT AND OTHER DEFERRED COMPENSATION. ADDITIONALLY, SELECTED SUPPLEMENTAL NONQUALIFIED RETIREMENT PLANS WERE OFFERED IN PRIOR YEARS UNDER PERMISSIBLE TAX REGULATIONS AS THEY EXISTED AT THAT TIME, BUT ARE NO LONGER OPEN FOR PARTICIPATION. HOWEVER, PAYMENTS FROM THESE NONQUALIFIED PLANS MAY OCCUR IN SUBSEQUENT YEARS AND WILL BE REPORTED AS TAXABLE INCOME AT SUCH TIME. AS THE ABOVE PLANS ARE IN RUN-OFF STATUS DUE TO GRANDFATHERING PROVISIONS, FURTHER DETAILS ARE AVAILABLE UPON REQUEST. *******************************************************

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

  • Thrivent Member Network - Greater Iowa (365)

    $3,970,349

    General Support

  • Thrivent Member Network - Northland (435)

    $3,684,118

    General Support

  • Thrivent Member Network - South Wisconsin (523)

    $3,648,266

    General Support

  • Thrivent Member Network - East WI & Upper MI (3

    $3,454,289

    General Support

  • Thrivent Member Network - Southeast (190)

    $3,306,473

    General Support

  • Thrivent Member Network - Heartland (528)

    $2,797,162

    General Support

  • Thrivent Member Network - Twin Cities (283)

    $2,615,671

    General Support

  • Thrivent Member Network - Great Lakes (240)

    $2,473,809

    General Support

  • Thrivent Member Network - Kansas & Missouri (410

    $2,404,345

    General Support

  • Thrivent Member Network - Mid-America (270)

    $2,235,052

    General Support

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

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • THRIVENT FINANCIAL FOR LUTHERANS EMP PAC

    527 · P.A.C. · WI · controlled entity

    Directly controlled by TFL

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • GOLD RING HOLDINGS LLC

    INVESTMENTS · DE · income $125,282 · assets $16,903,291

    Directly controlled by TFL

  • NEWMAN FINANCIAL SERVICES LLC

    INSUR. SALES · MN · income $1,333,039 · assets $391,203

    Directly controlled by TIA

  • THRIVENT EDUCATION FUNDING LLC

    LENDING · DE · income $191,521,691 · assets $687,093,343

    Directly controlled by TFL

  • THRIVENT DISTRIBUTORS LLC

    BROKER/DEALER · DE · income $92,579,314 · assets $18,923,971

    Directly controlled by HOLDINGS

  • THRIVENT ASSET MANAGEMENT LLC

    INVEST ADVICE · DE · income $186,881,462 · assets $16,674,655

    Directly controlled by HOLDINGS

  • THRIVENT ADVISOR NETWORK LLC

    INVEST ADVICE · DE · income $65,066,637 · assets $10,740,116

    Directly controlled by HOLDINGS

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • PACIFIC STREET FUND II LP

    EXCLUDED · INVESTMENTS · DE · 99.26% owned · share of income $16,575,417 · share of assets $101,216,729

    Directly controlled by TFL

  • PACIFIC STREET FUND III LP

    EXCLUDED · INVESTMENTS · DE · 99.42% owned · share of income $121,130,241 · share of assets $295,539,942

    Directly controlled by TFL

  • PACIFIC STREET FUND IV LP

    EXCLUDED · INVESTMENTS · DE · 89.97% owned · share of income $66,886,568 · share of assets $548,876,026

    Directly controlled by TFL

  • PACIFIC STREET FUND V LP

    EXCLUDED · INVESTMENTS · DE · 78.98% owned · share of income $24,740,296 · share of assets $476,711,125

    Directly controlled by TFL

  • PACIFIC STREET FUND VI LP

    EXCLUDED · INVESTMENTS · DE · 84.27% owned · share of income -$1,556,846 · share of assets $65,255,617

    Directly controlled by TFL

  • PACIFIC STREET FUND LP

    EXCLUDED · INVESTMENTS · DE · 99.87% owned · share of income $5,214,022 · share of assets -$27,739,170

    Directly controlled by TFL

  • TWIN BRIDGE NARROW GATE FUND LP

    EXCLUDED · INVESTMENTS · DE · 79.52% owned · share of income -$2,937,889 · share of assets $285,753,163

    Directly controlled by TFL

  • TWIN BRIDGE TITAN FUND LP

    EXCLUDED · INVESTMENTS · DE · 69.1% owned · share of income $263,434 · share of assets $84,548,812

    Directly controlled by TFL

  • THRIVENT WHITE ROSE ENDURANCE FUND LP

    EXCLUDED · INVESTMENTS · DE · 99.29% owned · share of income $28,888,351 · share of assets $422,551,900

    Directly controlled by TFL

  • THRIVENT WHITE ROSE ENDURANCE FUND II L

    EXCLUDED · INVESTMENTS · DE · 99.96% owned · share of income $22,675,294 · share of assets $402,961,950

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FOF XIV

    EXCLUDED · INVESTMENTS · DE · 99.46% owned · share of income $9,556,369 · share of assets $670,140,100

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND GP I LLC

    EXCLUDED · INVESTMENTS · DE · 85.01% owned · share of income $2,019 · share of assets $0

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND GP III LLC

    EXCLUDED · INVESTMENTS · DE · 77.49% owned · share of income $303 · share of assets $1,467,580

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND GP IV LLC

    EXCLUDED · INVESTMENTS · DE · 75.26% owned · share of income $6,851 · share of assets $1,572,862

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND GP V LLC

    EXCLUDED · INVESTMENTS · DE · 56.93% owned · share of income $56,235 · share of assets $147,953

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND II FOF LP

    EXCLUDED · INVESTMENTS · DE · 98.69% owned · share of income -$1,275,332 · share of assets $1,066,873

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND III FOF LP

    EXCLUDED · INVESTMENTS · DE · 99.81% owned · share of income $288,581 · share of assets $42,460,839

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND IV EQUITY DIREC

    EXCLUDED · INVESTMENTS · DE · 98.94% owned · share of income $1,941,622 · share of assets $9,182,460

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND IV FOF LP

    EXCLUDED · INVESTMENTS · DE · 99.83% owned · share of income -$1,027,090 · share of assets $21,594,956

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND IX EQUITY DIREC

    EXCLUDED · INVESTMENTS · DE · 98.7% owned · share of income $5,935,837 · share of assets $56,480,471

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND IX FUND OF FUND

    EXCLUDED · INVESTMENTS · DE · 51.09% owned · share of income $18,332,264 · share of assets $82,939,565

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND V EQUITY DIRECT

    EXCLUDED · INVESTMENTS · DE · 99.08% owned · share of income $1,205 · share of assets $507,011

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND V FUND OF FUNDS

    EXCLUDED · INVESTMENTS · DE · 98.57% owned · share of income $5,545,288 · share of assets $34,338,542

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND VI FUND OF FUND

    EXCLUDED · INVESTMENTS · DE · 99.87% owned · share of income $816,865 · share of assets $37,078,236

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND VII EQUITY DIRE

    EXCLUDED · INVESTMENTS · DE · 99.35% owned · share of income -$16,460,304 · share of assets $7,143,917

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND VII FUND OF FUN

    EXCLUDED · INVESTMENTS · DE · 99.79% owned · share of income $15,276,715 · share of assets $96,088,442

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND VIII EQUITY DIR

    EXCLUDED · INVESTMENTS · DE · 98.63% owned · share of income -$2,003,999 · share of assets $0

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND X EQUITY DIRECT

    EXCLUDED · INVESTMENTS · DE · 98.3% owned · share of income $1,148,658 · share of assets $35,466,157

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND X FUND OF FUNDS

    EXCLUDED · INVESTMENTS · DE · 99.43% owned · share of income $32,841,549 · share of assets $135,530,417

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND XI EQUITY DIREC

    EXCLUDED · INVESTMENTS · DE · 94.86% owned · share of income $28,073,951 · share of assets $88,154,908

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND XI FUND OF FUND

    EXCLUDED · INVESTMENTS · DE · 70.59% owned · share of income $30,256,285 · share of assets $300,044,993

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND XII EQUITY DIRE

    EXCLUDED · INVESTMENTS · DE · 99.11% owned · share of income $65,407,270 · share of assets $150,168,495

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND XII FUND OF FUN

    EXCLUDED · INVESTMENT · DE · 71.16% owned · share of income $25,626,180 · share of assets $393,697,614

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND XIII EQUITY DIR

    EXCLUDED · INVESTMENTS · DE · 97% owned · share of income $65,036,031 · share of assets $173,598,119

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND XIII FUND OF FU

    EXCLUDED · INVESTMENTS · DE · 99.4% owned · share of income $24,244,961 · share of assets $524,575,162

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND XIV EQUITY DIRE

    EXCLUDED · INVESTMENTS · DE · 97.79% owned · share of income $24,610,094 · share of assets $631,618,729

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND XV EQUITY DIREC

    EXCLUDED · INVESTMENTS · DE · 98.48% owned · share of income -$4,552,169 · share of assets $515,594,447

    Directly controlled by TFL

  • THRIVENT WHITE ROSE FUND XV FUND OF FUND

    EXCLUDED · INVESTMENTS · DE · 99.79% owned · share of income $541,005 · share of assets $149,606,350

    Directly controlled by TFL

  • THRIVENT WHITE ROSE GP II LLC

    EXCLUDED · INVESTMENTS · DE · 77.5% owned · share of income -$1,338 · share of assets $30,939

    Directly controlled by TFL

  • THRIVENT WHITE ROSE OPPORTUNITY FUND L

    EXCLUDED · INVESTMENTS · DE · 100% owned · share of income $19,838,964 · share of assets $95,809,412

    Directly controlled by TFL

  • THRIVENT WHITE ROSE REAL ESTATE FUND I F

    EXCLUDED · INVESTMENTS · DE · 98.89% owned · share of income $5,578,155 · share of assets $153,233,385

    Directly controlled by TFL

  • THRIVENT WHITE ROSE REAL ESTATE FUND II

    EXCLUDED · INVESTMENTS · DE · 99.36% owned · share of income $21,677,207 · share of assets $264,056,775

    Directly controlled by TFL

  • THRIVENT WHITE ROSE REAL ESTATE FUND III

    EXCLUDED · INVESTMENTS · DE · 99.95% owned · share of income -$5,234,506 · share of assets $370,559,422

    Directly controlled by TFL

  • THRIVENT WHITE ROSE REAL ESTATE FUND IV

    EXCLUDED · INVESTMENTS · DE · 99.89% owned · share of income -$788,020 · share of assets $223,594,722

    Directly controlled by TFL

  • WHITE ROSE ENDURANCE FUND III LP

    EXCLUDED · INVESTMENTS · DE · 99.85% owned · share of income $3,432,995 · share of assets $86,520,122

    Directly controlled by TFL

  • WHITE ROSE FUND I FUND OF FUNDS LP

    EXCLUDED · INVESTMENTS · DE · 99.83% owned · share of income $715 · share of assets $0

    Directly controlled by TFL

  • WHITE ROSE REAL ESTATE FUND V LP

    EXCLUDED · INVESTMENTS · DE · 99.88% owned · share of income -$3,772,056 · share of assets $145,148,430

    Directly controlled by TFL

  • BAIN CAPITAL GLOBAL DIRECT LENDING FUND

    EXCLUDED · INVESTMENTS · DE · 51.95% owned · share of income $2,556,355 · share of assets $14,792,591

    Directly controlled by TFL

  • BLUE ROCK HOLDCO LLC

    EXCLUDED · INVESTMENTS · DE · 69.58% owned · share of income -$1,483,777 · share of assets $475,896,947

    Directly controlled by HOLDINGS

  • MERIDIAN REALTY PARTNERS TE I LP

    EXCLUDED · INVESTMENTS · DE · 99.59% owned · share of income $30,354 · share of assets $9,693,689

    Directly controlled by TFL

  • ROYALS INVESTMENT FUND LLC

    EXCLUDED · INVESTMENTS · DE · 81.63% owned · share of income $70,436 · share of assets $1,531,612

    Directly controlled by TFL

Related corporations and trusts

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

  • THRIVENT FINANCIAL HOLDINGS INC

    C · HOLDING CO. · DE · 100% owned · share of income $9,110,478 · share of assets $378,604,430

    Directly controlled by TFL

  • THRIVENT TRUST COMPANY

    C · BANKING · MN · 100% owned · share of income $9,540,683 · share of assets $14,347,790

    Directly controlled by HOLDINGS

  • NORTH MEADOWS INVESTMENT LTD

    C · REAL ESTATE · WI · 100% owned · share of income $13,334 · share of assets $340,683

    Directly controlled by HOLDINGS

  • THRIVENT INVESTMENT MANAGEMENT INC

    C · BROKER/DEALER · DE · 100% owned · share of income $656,968,506 · share of assets $96,240,787

    Directly controlled by HOLDINGS

  • THRIVENT FINANCIAL INVESTOR SERVICES INC

    C · TRANSFER AGEN · PA · 100% owned · share of income $33,617,761 · share of assets $49,229,686

    Directly controlled by HOLDINGS

  • THRIVENT INSURANCE AGENCY INC

    C · INS BROKERAGE · MN · 100% owned · share of income $8,483,031 · share of assets $876,914

    Directly controlled by HOLDINGS

  • THRIVENT SERIES FUND INC

    C · MUTUAL FUND · MN · share of income $1,154,413,747 · share of assets $44,441,795,749

    Directly controlled by TFL

  • THRIVENT CASH MANAGEMENT TRUST

    C · MUTUAL FUND · MA · share of income $22,150,175 · share of assets $481,457,576

    Directly controlled by TFL

  • WHITE ROSE VII EQUITY DIRECT CORPORATION

    P · INVESTMENTS · DE · 98.86% owned · share of income $1,519,427 · share of assets $1,454,505

    Directly controlled by WHITE ROSE VII

  • WHITE ROSE X EQUITY DIRECT CORPORATION I

    P · INVESTMENTS · DE · 98.3% owned · share of income $8,230 · share of assets $160,526

    Directly controlled by WHITE ROSE X

  • WHITE ROSE XI EQUITY DIRECT CORP II

    P · INVESTMENTS · DE · 97.99% owned · share of income $435,961 · share of assets $4,841,239

    Directly controlled by WHITE ROSE XI

  • WHITE ROSE XII EQUITY DIRECT CORP I

    P · INVESTMENTS · DE · 99.11% owned · share of income $30,372,686 · share of assets $66,045,276

    Directly controlled by WHITE ROSE XII

  • WHITE ROSE XII EQUITY DIRECT CORP II

    P · INVESTMENT · DE · 98.33% owned · share of income $227,259 · share of assets $36,971,683

    Directly controlled by WHITE ROSE XII

Provenance

Return type
form_990
Tax year
2024
Filed
6 May 2025
IRS schema version
2024v5.2
Source object
202543179349302929

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