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Organizations Thrivent Financial for Lutherans

Thrivent Financial for Lutherans

Fiscal year ending 2020. Filed on November 11, 2021.

600 Portland Ave S Msc 4200
Minneapolis, Minnesota 55415

Thrivent Financial for Lutherans (EIN: 39-0123480) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2020 IRS Form 990 filing, Thrivent Financial for Lutherans, a 501(c)(8) fraternal beneficiary society, reported compensation for 36 out of 8,562 total employees. Among the employees shown here, the average compensation is $1,284,512. The highest compensated employee at Thrivent Financial for Lutherans is Teresa Rasmussen with fiscal year 2020 compensation of $6,822,006.

Revenue, expenses, and employee compensation

Revenue

$9,215,966,710

Expenses

$8,558,921,003

Employee compensation

$536,524,764
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Teresa Rasmussen
Chief Executive Officer
$6,822,006
$3,420,400 No related comp$3,401,606
David S Royal
Executive Vice President, Chief Investment Officer
$4,213,213
$2,344,824 No related comp$1,868,389
Paul Johnston
Executive Vice President, General Counsel and SEC
$3,903,013
$2,034,624 No related comp$1,868,389
Matthew Finn
Vice President, HEAD of Equity Funds
$3,254,586
$2,311,678 No related comp$942,908
Bradford Hewitt
Former Chief Executive Officer
$2,880,444
$2,311,000 No related comp$569,444
Terry Timm
Senior Vice President, Product MFG (Former)
$2,812,064
$1,935,632 No related comp$876,432
Eric W Bilger
Practice Developer
$2,571,297
$1,653,256 $881,075 $36,966
Vibhu Sharma
Chief Financial Officer and Executive Vice President and Treasurer
$2,546,334
$2,172,075 No related comp$374,259
Mark L Simenstad
Vice President, Chief Investment Strat.
$2,443,056
$2,324,109 No related comp$118,947
Randall Boushek
Executive Vice President, CFO and Treasurer (Former)
$2,302,477
$1,580,734 No related comp$721,743
Jim Thomsen
Senior Vice President, Distribution (Former)
$2,111,682
$1,730,357 No related comp$381,325
Donald Knoernschild
Practice Developer
$2,067,856
$717,013 $1,306,794 $44,049

Benchmark Employee Compensation

Non-Employee Board Members

Alice M Richter
Director
$41,546
$38,064 No related comp$3,482

Contractors

Prophet Brand Strategy
Brand Consultant
$10,523,001
Canvas Worldwide LLC
Digital Consultant
$9,387,821
Beacon Hills Staffing Group
IT Contractor
$4,715,248
Teksystems
IT Contractor
$3,416,194
Pricewaterhousecoopers LLP
Auditors
$2,440,400

Mission Statement

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

Revisions to this organization profile

November 13, 2025:
2024 Thrivent Financial for Lutherans 990 filed
November 14, 2024:
2023 Thrivent Financial for Lutherans 990 filed
November 12, 2023:
2022 Thrivent Financial for Lutherans 990 filed

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Thrivent Financial for Lutherans-Group
Minneapolis, Minnesota
Thrivent Financial for Lutherans Foundation
Minneapolis, Minnesota