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Filing year 2023

Thrivent Financial for Lutherans

Minneapolis, Minnesota·EIN 39-0123480·501(c)(8)
Total revenue
$10.6B
Total assets
$113.5B
Total expenses
$10.1B
Reported officers
30
Mission

THRIVENT FINANCIAL FOR LUTHERANS ("THRIVENT") 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, BE

Executive compensation, broken down

Form 990 · Part VII & Schedule J · 30 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at nonprofits nationwide, across all sectors.

CEO
Above 90th percentile
$17.5M
$19.2M
Base
$1.1M
Bonus
$5.9M
Other
$569k
Benefits
$15k
Evp, CFO
Above 90th percentile
$6.7M
$7.3M
Base
$685k
Bonus
$3.2M
Other
$196k
Benefits
$21k
Evp, General Counsel
Executive Vice President
Above 90th percentile
$6.4M
$7M
Base
$714k
Bonus
$3M
Other
$112k
Benefits
$21k
Evp, COO
Above 90th percentile
$6.3M
$6.9M
Base
$610k
Bonus
$3.4M
Other
$78k
Benefits
$13k
Evp, Growth & Generosity
Executive Vice President
Above 90th percentile
$4.3M
$4.7M
Base
$593k
Bonus
$1.8M
Other
$39k
Benefits
$1k
Vp, Head of Equity Funds
Board Vice President
Above 90th percentile
$4.2M
$4.6M
Base
$360k
Bonus
$3.1M
Other
$268k
Benefits
$15k
Financial Associate
Highest Compensated Employee
Above 90th percentile
$2.4M
$2.6M
Base
Bonus
$584k
Other
$1.8M
Benefits
$9k
Financial Associate
Highest Compensated Employee
Above 90th percentile
$1.5M
$1.6M
Base
Bonus
$256k
Other
$1.2M
Benefits
$21k
Practice Developer
Highest Compensated Employee
Above 90th percentile
$1.1M
$1.2M
Base
Bonus
$429k
Other
$636k
Benefits
$21k
Chair of the Board
Board Chair
Above 90th percentile
$381k
$416k
Base
$379k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$255k
$278k
Base
$254k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$254k
$278k
Base
$254k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$254k
$278k
Base
$254k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$254k
$278k
Base
$254k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$252k
$275k
Base
$252k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$229k
$250k
Base
$229k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$229k
$250k
Base
$229k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$229k
$250k
Base
$229k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$229k
$250k
Base
$229k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$229k
$250k
Base
$229k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$229k
$250k
Base
$229k
Bonus
Other
Benefits
Director
Board Member
Above 90th percentile
$192k
$209k
Base
$192k
Bonus
Other
Benefits
Svp, Product Manufact.(former)
Senior Vice President
25th percentile to median
$187k
$204k
Base
$187k
Bonus
Other
Benefits
Svp, Distribution (former)
Senior Vice President
25th percentile to median
$179k
$196k
Base
$179k
Bonus
Other
Benefits
Evp, CFO (former)
Median to 75th percentile
$130k
$142k
Base
$130k
Bonus
Other
Benefits
Ceo(former)
Median to 75th percentile
$118k
$129k
Base
$118k
Bonus
Other
Benefits
Director
Board Member
75th to 90th percentile
$82k
$89k
Director (former)
Former Officer/director/trustee
10th to 25th percentile
$26k
$28k
Base
$24k
Bonus
Other
$2k
Benefits
Director (former)
Former Officer/director/trustee
10th to 25th percentile
$25k
$27k
Base
$24k
Bonus
Other
$1k
Benefits
Director (former)
Former Officer/director/trustee
10th to 25th percentile
$24k
$26k
Base
$24k
Bonus
Other
$82
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

FAQ

Common questions about Thrivent Financial for Lutherans

What does the Chief Executive Officer of Thrivent Financial for Lutherans earn?

In 2023, the Chief Executive Officer of Thrivent Financial for Lutherans received $17,528,490 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among nonprofits nationwide, across all sectors: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Chief Executive Officer pay at Thrivent Financial for Lutherans compare with similar nonprofits?

Compared with the same role at nonprofits nationwide, across all sectors, the 2023 pay of the Chief Executive Officer at Thrivent Financial for Lutherans falls in the top 10%.

What are Thrivent Financial for Lutherans's revenue and expenses?

In 2023, Thrivent Financial for Lutherans reported $10.6B in total revenue and $10.1B in total expenses on its IRS Form 990.

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