Thrivent Financial For Lutherans
- Assets
- $58.6k
- Revenue
- $44.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 03/1965
- Data as of
- 12/2022
- EIN
- 51-0200276
Organization Overview
Thrivent Financial For Lutherans is located in Minneapolis, MN. The organization was established in 1965. According to its NTEE Classification (Y41) the organization is classified as: Fraternal Beneficiary Societies, under the broad grouping of Mutual & Membership Benefit and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Thrivent Financial For Lutherans is a 501(c)(8) and as such, is described as a "Fraternal Beneficiary Society and/or Association" by the IRS.
For the year ending 12/2022, Thrivent Financial For Lutherans generated $44.8m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $44.8m during the year ending 12/2022. While expenses have increased by 1.3% per year over the past 3 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Thrivent Financial For Lutherans has awarded 827 individual grants totaling $20,879,946. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
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 2022, 98,782 INDIVIDUALS LED 145,543 THRIVENT ACTION TEAMS AROUND THE COUNTRY. THESE VOLUNTEER TEAMS ENGAGED NEARLY 1.9 MILLION VOLUNTEERS WHO TOGETHER CONTRIBUTED 12.7 MILLION HOURS OF VOLUNTEER TIME AND RAISED MORE THAN $190 MILLION FOR COMMUNITIES AND CAUSES NATIONWIDE
THRIVENT COMMUNITY IS A LOCAL AFFINITY GROUP WITHIN A THRIVENT MEMBER NETWORK. FINANCIAL ADVISORS BRING TOGETHER MEMBERS AND THEIR GUESTS TO SERVE OTHERS IN NEED, STRENGTHEN THEIR COMMUNITY AND POSITIVELY IMPACT SOCIETY. IN 2022, 286 THRIVENT COMMUNITIES HELD 848 EVENTS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $44,842,556 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,842,556 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $44,842,556 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $28,746,527 |
| Grants and other assistance to domestic individuals. | $10,427,472 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,102,292 |
| Office expenses | $40,427 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $377,793 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $120,804 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $44,815,315 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,623 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $58,623 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $58,623 |
| Total liabilities and net assets/fund balances | $58,623 |
Grants Awarded
Over the last fiscal year, Thrivent Financial For Lutherans has awarded $2,877,225 in support to 257 organizations.
| Grant Recipient | Amount |
|---|---|
AVIVO PURPOSE: General Support | $8,853 |
ADVENT LUTHERAN CHURCH PURPOSE: General Support | $7,264 |
ABIDING GRACE EVANGELICAL LUTHERAN CHURCH PURPOSE: General Support | $6,129 |
ALASKA MISSION FOR CHRIST LUTHERAN CHURCH MISSOURI PURPOSE: General Support | $5,902 |
AMERICAN LUTHERAN CHURCH PURPOSE: General Support | $6,583 |
AMERICAN CANCER SOCIETY PURPOSE: General Support | $25,651 |