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Nonprofiteer
← THRIVENT FINANCIAL FOR LUTHERANS

Form 990 for tax year 2022

Filed by THRIVENT FINANCIAL FOR LUTHERANS.

Totals

Total revenue
$10,282,948,737
Total expenses
$9,133,658,483
Contributions and grants received
$0
Grants paid
$92,520,672
Program service revenue
$6,573,165,918
Investment income
$2,164,929,805
Other revenue
$1,544,853,014
Total assets, end of year
$107,958,225,885
Total liabilities, end of year
$94,190,269,089
Net assets or fund balances, end of year
$13,767,956,796
Program services expenses (Part IX)
$9,133,658,483
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.

Listed in Part VII

  • TERESA RASMUSSEN

    CEO

    Total calculated
    $14,505,821
    From this org
    $6,920,027
    From related orgs
    $0
    Other
    $7,585,794
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $1,101,122
    Bonus
    $5,537,387
    Other
    $281,518
    Deferred
    $7,571,883
    Nontaxable benefits
    $13,911
    Filer's total
    $14,505,821

  • MARY JANE FORTIN

    EVP, CCO

    Total calculated
    $7,610,549
    From this org
    $4,734,598
    From related orgs
    $0
    Other
    $2,875,951
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $704,146
    Bonus
    $3,990,509
    Other
    $39,943
    Deferred
    $2,857,550
    Nontaxable benefits
    $18,401
    Filer's total
    $7,610,549

  • DAVID ROYAL

    EVP, CFO

    Total calculated
    $6,773,111
    From this org
    $4,581,478
    From related orgs
    $0
    Other
    $2,191,633
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $628,878
    Bonus
    $3,803,890
    Other
    $148,710
    Deferred
    $2,171,884
    Nontaxable benefits
    $19,749
    Filer's total
    $6,773,111

  • PAUL JOHNSTON

    EVP, GENERAL COUNSEL

    Total calculated
    $6,108,173
    From this org
    $3,583,874
    From related orgs
    $0
    Other
    $2,524,299
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $705,068
    Bonus
    $2,770,801
    Other
    $108,005
    Deferred
    $2,504,550
    Nontaxable benefits
    $19,749
    Filer's total
    $6,108,173

  • MATTHEW FINN

    VP, HEAD OF EQUITY FUNDS

    Total calculated
    $3,685,791
    From this org
    $2,661,718
    From related orgs
    $0
    Other
    $1,024,073
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $353,467
    Bonus
    $2,053,826
    Other
    $254,425
    Deferred
    $1,005,672
    Nontaxable benefits
    $18,401
    Filer's total
    $3,685,791

  • ERIC BILGER

    PRACTICE DEVELOPER

    Total calculated
    $3,574,832
    From this org
    $2,358,528
    From related orgs
    $1,176,101
    Other
    $40,203
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $1,113,491
    Other
    $1,245,037 + $1,176,101 related
    Deferred
    $6,913
    Nontaxable benefits
    $33,290
    Filer's total
    $2,398,731 + $1,176,101 related

  • RYAN ECKHARDT

    FINANCIAL ASSOCIATE

    Total calculated
    $2,865,205
    From this org
    $964,395
    From related orgs
    $1,850,195
    Other
    $50,615
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $526,837
    Other
    $437,558 + $1,850,195 related
    Deferred
    $18,925
    Nontaxable benefits
    $31,690
    Filer's total
    $1,015,010 + $1,850,195 related

  • VIBHU SHARMA

    EVP, CFO

    Total calculated
    $2,731,605
    From this org
    $2,693,775
    From related orgs
    $0
    Other
    $37,830
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    $192,543
    Bonus
    $2,498,540
    Other
    $2,692
    Deferred
    $33,550
    Nontaxable benefits
    $4,280
    Filer's total
    $2,731,605

  • DAVID GRANNER

    PRACTICE DEVELOPER

    Total calculated
    $2,690,705
    From this org
    $628,413
    From related orgs
    $2,023,690
    Other
    $38,602
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $201,741
    Other
    $426,672 + $2,023,690 related
    Deferred
    $6,913
    Nontaxable benefits
    $31,689
    Filer's total
    $667,015 + $2,023,690 related

  • DON KNOERNSCHILD

    PRACTICE DEVELOPER

    Total calculated
    $2,667,082
    From this org
    $597,014
    From related orgs
    $2,021,452
    Other
    $48,616
    Hours/week
    55

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $357,687
    Other
    $239,327 + $2,021,452 related
    Deferred
    $13,088
    Nontaxable benefits
    $35,528
    Filer's total
    $645,630 + $2,021,452 related

  • TERRY TIMM

    SVP, PRODUCT MANUFACT.(FORMER)

    Total calculated
    $506,273
    From this org
    $367,731
    From related orgs
    $0
    Other
    $138,542
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $367,731
    Other
    not reported
    Deferred
    $138,542
    Nontaxable benefits
    not reported
    Filer's total
    $506,273

  • BONNIE RAQUET

    CHAIR OF THE BOARD

    Total calculated
    $375,836
    From this org
    $373,036
    From related orgs
    $0
    Other
    $2,800
    Hours/week
    12

    Schedule J breakdown matched by us

    Base
    $373,036
    Bonus
    not reported
    Other
    not reported
    Deferred
    $2,800
    Nontaxable benefits
    not reported
    Filer's total
    $375,836

  • RANDALL BOUSHEK

    EVP, CFO (FORMER)

    Total calculated
    $375,369
    From this org
    $278,702
    From related orgs
    $0
    Other
    $96,667
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    not reported
    Bonus
    $278,702
    Other
    not reported
    Deferred
    $96,667
    Nontaxable benefits
    not reported
    Filer's total
    $375,369

  • DOUGLAS BEARROOD

    VP, CORP. ACTUARIAL (FORMER)

    Total calculated
    $334,324
    From this org
    $249,721
    From related orgs
    $0
    Other
    $84,603
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $2,480
    Bonus
    $222,859
    Other
    $24,382
    Deferred
    $84,543
    Nontaxable benefits
    $60
    Filer's total
    $334,324

  • KIRK FARNEY

    Director

    Total calculated
    $244,428
    From this org
    $244,017
    From related orgs
    $0
    Other
    $411
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $244,017
    Bonus
    not reported
    Other
    not reported
    Deferred
    $411
    Nontaxable benefits
    not reported
    Filer's total
    $244,428

  • BRADFORD CRESWELL

    DIRECTOR

    Total calculated
    $244,017
    From this org
    $244,017
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $244,017
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $244,017

  • ERIC DRAUT

    DIRECTOR

    Total calculated
    $244,017
    From this org
    $244,017
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $244,017
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $244,017

  • KATHRYN MARINELLO

    DIRECTOR

    Total calculated
    $244,017
    From this org
    $244,017
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $244,017
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $244,017

  • N CORNELL BOGGS

    DIRECTOR

    Total calculated
    $244,017
    From this org
    $244,017
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $244,017
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $244,017

  • MARK JESKE

    DIRECTOR

    Total calculated
    $221,075
    From this org
    $219,433
    From related orgs
    $0
    Other
    $1,642
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $219,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,642
    Nontaxable benefits
    not reported
    Filer's total
    $221,075

  • ANGELA RIEGER

    DIRECTOR

    Total calculated
    $219,433
    From this org
    $219,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $219,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $219,433

  • DEBORAH ACKERMAN

    DIRECTOR

    Total calculated
    $219,433
    From this org
    $219,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $219,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $219,433

  • JILL LOUIS

    DIRECTOR

    Total calculated
    $219,433
    From this org
    $219,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $219,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $219,433

  • KENNETH CAROW

    DIRECTOR

    Total calculated
    $219,433
    From this org
    $219,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $219,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $219,433

  • LYNN CRUMP-CAINE

    DIRECTOR

    Total calculated
    $219,433
    From this org
    $219,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $219,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $219,433

  • NICHOLE PECHET

    DIRECOTR

    Total calculated
    $219,433
    From this org
    $219,433
    From related orgs
    $0
    Other
    $0
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $219,433
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $219,433

  • JAMES THOMSEN

    SVP, DISTRIBUTION (FORMER)

    Total calculated
    $117,348
    From this org
    $117,348
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $117,348
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $117,348

  • ALICE RICHTER

    DIRECTOR (FORMER)

    Total calculated
    $24,755
    From this org
    $23,078
    From related orgs
    $0
    Other
    $1,677
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $23,078
    Bonus
    not reported
    Other
    not reported
    Deferred
    $1,677
    Nontaxable benefits
    not reported
    Filer's total
    $24,755

  • MARK KUHLMAN

    DIRECTOR (FORMER)

    Total calculated
    $23,949
    From this org
    $23,078
    From related orgs
    $0
    Other
    $871
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $23,078
    Bonus
    not reported
    Other
    not reported
    Deferred
    $871
    Nontaxable benefits
    not reported
    Filer's total
    $23,949

  • FRANK HENRY MOELLER

    DIRECTOR (FORMER)

    Total calculated
    $23,148
    From this org
    $23,078
    From related orgs
    $0
    Other
    $70
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $23,078
    Bonus
    not reported
    Other
    not reported
    Deferred
    $70
    Nontaxable benefits
    not reported
    Filer's total
    $23,148

  • ALLAN SPIES

    DIRECTOR (FORMER)

    Total calculated
    $23,148
    From this org
    $23,078
    From related orgs
    $0
    Other
    $70
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $23,078
    Bonus
    not reported
    Other
    not reported
    Deferred
    $70
    Nontaxable benefits
    not reported
    Filer's total
    $23,148

  • FREDERICK KRAEGEL

    DIRECTOR (FORMER)

    Total calculated
    $23,078
    From this org
    $23,078
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $23,078
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $23,078

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 - $ 12,021 MARY JANE FORTIN - $ 13,975 PAUL JOHNSTON - $2,395 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 ONE OFFICER. 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: MATTHEW FINN - $197,481 TERESA RASMUSSEN - $233,402 DAVID ROYAL - $133,190 PAUL JOHNSTON - $86,702 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

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.

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.

Related partnerships

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

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
27 April 2023
IRS schema version
2022v5.0
Source object
202343169349300754

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