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Organizations Thrivent Financial for Lutherans

Thrivent Financial for Lutherans

Fiscal year ending 2021. Filed on November 14, 2022.

600 Portland Ave S Msc 7300
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 2021 IRS Form 990 filing, Thrivent Financial for Lutherans, a 501(c)(8) fraternal beneficiary society, reported compensation for 37 out of 7,920 total employees. Among the employees shown here, the average compensation is $1,487,947. The highest compensated employee at Thrivent Financial for Lutherans is Teresa Rasmussen with fiscal year 2021 compensation of $10,731,943.

Revenue, expenses, and employee compensation

Revenue

$11,411,972,004

Expenses

$8,849,883,063

Employee compensation

$657,550,333
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Teresa Rasmussen
Chief Executive Officer
$10,731,943
$5,254,762 No related comp$5,477,181
Mary Jane Fortin
Executive Vice President, CCO
$6,016,394
$3,005,470 No related comp$3,010,924
David Royal
Executive Vice President, CIO
$5,341,816
$3,140,859 No related comp$2,200,957
Paul Johnston
Executive Vice President and General Counsel
$4,816,908
$2,156,520 No related comp$2,660,388
Vibhu Sharma
Executive Vice President and Chief Financial Officer
$4,770,869
$2,345,551 No related comp$2,425,318
Matthew Finn
Vice President, HEAD of Equity Funds
$3,849,699
$2,798,578 No related comp$1,051,121
Eric Bilger
Practice Developer
$3,427,642
$2,250,392 $1,139,393 $37,857
Mark Simenstad
Vp,Chief Investment Strategist
$3,214,605
$2,685,742 No related comp$528,863
Ryan Eckhardt
Financial Associate
$2,516,689
$841,059 $1,628,470 $47,160
Donald Knoernschild
Practice Developer
$2,504,821
$683,252 $1,776,056 $45,513
Terry Timm
Senior Vice President, Product Manufact.(Former)
$1,784,524
$1,316,121 No related comp$468,403
Randall Boushek
Executive Vice President, CFO (Former)
$994,294
$644,849 No related comp$349,445

Benchmark Employee Compensation

Non-Employee Board Members

Frederick Kraegel
Director
$44,398
$41,003 No related comp$3,395

Contractors

Canvas Worldwide LLC
Digital Consultant
$45,520,522
Mckinsey Company Inc.
Management Consultant
$36,255,109
Deloitte Consulting LLP
Management Consultant
$21,883,240
Coforge Inc.
IT Contractor
$12,458,451
Prophet Brand Strategy
Brand Strategy
$11,444,258

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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Other organizations also named Thrivent Financial for Lutherans

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