| CONFLICT OF INTEREST POLICY - PART VI, ITEM 12C |
THE THRIVENT FINANCIAL FOR LUTHERANS BOARD OF DIRECTORS REVIEWS THE CONFLICT OF INTEREST POLICY ON AN ANNUAL BASIS AND MAKES CHANGES AS NEEDED. DIRECTORS, OFFICERS, AND SOME OTHER EMPLOYEES ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE ON AN ANNUAL BASIS. THE QUESTIONNAIRE SEEKS TO OBTAIN INFORMATION ON CONFLICTS AND POTENTIAL CONFLICTS OF INTEREST THAT MAY IMPACT AN INDIVIDUAL'S ABILITY TO CARRY OUT THEIR RESPONSIBILITIES FOR THRIVENT OR ITS SUBSIDIARIES AND AFFILIATES. ALL RESPONSES ARE REVIEWED BY THE GENERAL COUNSEL'S OFFICE AND RESPONSES ARE ESCALATED IF POTENTIAL ISSUES/CONFLICTS ARE IDENTIFIED. DIRECTORS, OFFICERS, AND OTHER EMPLOYEES ARE ENCOURAGED TO CONTACT THE GENERAL COUNSEL'S OFFICE REGARDING CONFLICTS OR POTENTIAL CONFLICTS AS THEY ARISE. ADDITIONALLY, THE CODE OF CONFLICT HOTLINE CAN BE UTILIZED TO RAISE QUESTIONS OR CONCERNS REGARDING THE CONFLICT OF INTEREST POLICY OR SPECIFIC ISSUES. ******************************************************************* |
| DISCLOSURE POLICY - PART VI, LINE 19 |
THE ORGANIZATION'S GOVERNING DOCUMENTS, CONLFICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC AT ITS WEBSITE, WWW.THRIVENT.COM. ************************************************************** |
| FORM 990 REVIEW - PART VI, LINE 11 |
ALL BOARD MEMBERS RECEIVE A COPY OF THE FORM 990 PRIOR TO ITS EXTENDED FILING DATE OF NOVEMBER 15. PRIOR TO THE FILING OF FORM 990, THE FORM IS REVIEWED BY THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS. SELECTED TAX PERSONNEL AND MANAGEMENT OF THE ORGANIZATION PROVIDE A DETAILED OVERVIEW OF THE FORM DURING SUCH MEETING AND ANSWER ANY QUESTIONS RAISED BY THE AUDIT COMMITTEE. **************************************************************** |
| COMPENSATION REVIEW - PART VI, LINE 15 |
THE ORGANIZATION'S HUMAN RESOURCES COMMITTEE IS COMPRISED OF INDEPENDENT DIRECTORS. THE ORGANIZATION'S CHIEF EXECUTIVE OFFICER IS AN EX-OFFICIO, NON-VOTING MEMBER OF THIS COMMITTEE AND HAS THE POWER TO NAME A MANAGEMENT REPRESENTATIVE AND A SECRETARY TO COORDINATE ACTIVITIES OF THE COMMITTEE. FOR ALL PRINCIPAL OFFICERS, THE COMMITTEE ANNUALLY ENGAGES THE SERVICES OF INDEPENDENT COMPENSATION CONSULTANTS TO: PROVIDE MARKET COMPETITIVE DATA VIA COMPENSATION SURVEY TOOLS, CONDUCT COMPENSATION DATA ANALYSIS, AND REVIEW RECOMMENDATIONS REGARDING OFFICERS' COMPENSATION. COMPENSATION RECOMMENDATIONS FOR ALL PRINCIPAL OFFICERS ARE REVIEWED AND APPROVED BY THE HUMAN RESOURCES AND GOVERNANCE COMMITTEE (THE COMMITTEE HAS THE AUTHORITY TO MAKE CHANGES TO THE RECOMMENDATIONS) AND RATIFIED BY THE FULL BOARD OF DIRECTORS. ANY OFFICERS IN ATTENDANCE AT THE COMMITTEE MEETINGS ARE NOT INVOLVED IN THE APPROVAL OF THEIR OWN INDIVIDUAL COMPENSATION. THE DELIBERATIONS AND DECISIONS OF THE COMMITTEE ARE DOCUMENTED IN THE MINUTES OF THE DIRECTORS' MEETINGS. ************************************************************** |
| ORGANIZATION'S MEMBERS - PART VI, LINE 6 |
THE ORGANIZATION HAS THE FOLLOWING CLASSES OF MEMBERS: BENEFIT MEMBERS A BENEFIT MEMBER IS AN INDIVIDUAL AGE 16 OR OLDER WHO HAS APPLIED FOR AND BEEN ACCEPTED FOR MEMBERSHIP IN ACCORDANCE WITH OUR MEMBERSHIP ELIGIBILITY RULES AND WHO HAS A QUALIFIED CONNECTION TO AN INSURANCE OR ANNUITY PRODUCT OF THRIVENT FINANCIAL FOR LUTHERANS OR RECEIVED A SETTLEMENT FROM SUCH INSURANCE. BENEFIT MEMBERS MAY PARTICIPATE IN THE AFFAIRS AND ACTIVITIES OF THE LOCAL LODGE IN WHICH THEY ARE MEMBERS AND MAY HOLD OFFICE THEREIN. BENEFIT MEMBERS SHALL ALSO HAVE THE RIGHT TO VOTE IN THE CORPORATE AND INSURANCE AFFAIRS OF THRIVENT. ASSOCIATE MEMBER AN ASSOCIATE MEMBER IS AN INDIVIDUAL AGE 16 OR OLDER WHO HAS APPLIED FOR AND BEEN ACCEPTED FOR MEMBERSHIP AND IS ISSUED A CERTIFICATE OF MEMBERSHIP. THESE ARE MEMBERS WHO DO NOT HAVE A QUALIFIED CONNECTION TO AN INSURANCE OR ANNUITY PRODUCT FROM THRIVENT FINANCIAL FOR LUTHERANS. ASSOCIATE MEMBERS MAY PARTICIPATE IN THE AFFAIRS AND ACTIVITIES OF THE LOCAL LODGE IN WHICH THEY ARE MEMBERS, AND MAY HOLD OFFICE THEREIN, BUT SHALL NOT HAVE THE RIGHT TO VOTE IN THE CORPORATE AND INSURANCE AFFAIRS OF THRIVENT. YOUTH MEMBER A YOUTH MEMBER IS AN INDIVIDUAL AGE 15 OR YOUNGER WHO HAS BEEN ACCEPTED FOR MEMBERSHIP AND WHO IS ISSUED A CERTIFICATE OF MEMBERSHIP OR A CERTIFICATE OF MEMBERSHIP AND INSURANCE. AT AGE 16, MEMBERSHIP TRANSITIONS TO THE APPROPRIATE MEMBERSHIP CLASSIFICATION (BENEFIT OR ASSOCIATE). IF THE INDIVIDUAL HAS A QUALIFIED CONNECTION TO A THRIVENT FINANCIAL FOR LUTHERANS INSURANCE OR ANNUITY PRODUCT, HE OR SHE WILL BECOME A BENEFIT MEMBER AT AGE 16. OTHERWISE, THE PERSON WILL BECOME AN ASSOCIATE MEMBER. YOUTH MEMBERS MAY PARTICIPATE IN THE AVAILABLE AFFAIRS AND ACTIVITIES OF THE LOCAL LODGE IN WHICH THEY ARE MEMBERS, BUT SHALL NOT HAVE THE RIGHT TO HOLD OFFICE OR VOTE IN THE LOCAL LODGE AFFAIRS OR VOTE IN THE CORPORATE AND INSURANCE AFFAIRS OF THRIVENT. ***************************************************************** |
| BOARD OF DIRECTORS - PART VI, LINE 7A |
THE ORGANIZATION'S SUPREME GOVERNING BODY SHALL BE A BOARD OF DIRECTORS MADE UP OF BENEFIT MEMBERS OF THIS FRATERNAL BENEFIT SOCIETY. THE BOARD SHALL CONSIST OF NO FEWER THAN 10 BUT NO MORE THAN 12 ELECTIVE DIRECTORS, SUCH APPOINTIVE DIRECTORS AS THE BOARD MAY APPOINT AND NOT MORE THAN TWO PRINCIPAL OFFICERS OF THE SOCIETY DESIGNATED BY THE BOARD FROM TIME TO TIME, ALL IN A MANNER PRESCRIBED IN THE BYLAWS. THE ELECTIVE DIRECTORS SHALL BE ELECTED BY THE BENEFIT MEMBERS IN A MANNER PRESCRIBED IN THE BYLAWS, AND SHALL CONSTITUTE NOT LESS THAN TWO-THIRDS OF THE MEMBERS OF THE BOARD IN NUMBER. THE BOARD MAY APPOINT UP TO FOUR BENEFIT MEMBERS OF THE SOCIETY TO SERVE AS APPOINTIVE DIRECTORS FOR A TERM OF OFFICE OF UP TO ONE YEAR. ********************************************************** |
| COMPENSATION - PART VII, SECTION A |
INCLUDED IN THE RESPONSE TO FORM 990, PART VII ARE AMOUNTS PAID TO THE TOP FIVE HIGHEST COMPENSATED EMPLOYEES OTHER THAN OFFICERS AND DIRECTORS. THRIVENT EMPLOYS FULL-TIME LIFE INSURANCE SALESPERSONS WHO ARE INCLUDED IN THESE REQUIRED DISCLOSURES. IT SHOULD BE NOTED THAT THE AMOUNTS REPORTED FROM FORM 1099-MISC ARE BEFORE THE SUBSTANTIAL OUT-OF-POCKET EXPENSES INCURRED BY THESE INDIVIDUALS FOR ITEMS SUCH AS SALARIES, RENT, INSURANCE AND TRAVEL. AS SUCH, THE INCOME REPORTED ON PART VII IS NOT REFLECTIVE OF THEIR TRUE ECONOMIC INCOME. ***************************************************************** |
| TOTAL NUMBER OF VOLUNTEERS - PART I, LINE 6 |
THRIVENT FINANCIAL FOR LUTHERANS IS A FRATERNAL BENEFIT SOCIETY WITH APPROXIMATELY 2.2 MILLION MEMBERS AND LOCAL LODGES LOCATED THROUGHOUT THE UNITED STATES. WE HAVE A PROCESS TO ESTIMATE BOTH THE NUMBER OF VOLUNTEERS AND THE NUMBER OF VOLUNTEER HOURS FOR EACH YEAR. FOR 2018, WE ESTIMATE THE NUMBER OF INDIVIDUALS WHO PROVIDED VOLUNTEER SERVICES TO THRIVENT FINANCIAL TO BE 890,000 AND THE NUMBER OF VOLUNTEER HOURS THEY PROVIDED TO BE 17.2 MILLION HOURS. ************************************************************** |
| AVERAGE HOURS PER WEEK - PART VII, SECTION A, COLUMN B |
THE OFFICERS AND EMPLOYEES OF THRIVENT FINANCIAL FOR LUTHERANS DEVOTE A SUBSTANTIAL NUMBER OF HOURS EACH WEEK TOWARD THE MANAGEMENT AND OPERATION OF THRIVENT FINANCIAL AND ITS RELATED ORGANIZATIONS. BECAUSE THE DAILY ACTIVITIES AND DECISIONS OF THE OFFICERS AND EMPLOYEES OFTEN AFFECTS BOTH THRIVENT FINANCIAL AND ITS RELATED ORGANIZATIONS, IT WOULD BE DIFFICULT TO LIST A SPECIFIC NUMBER OF HOURS DEVOTED TO EACH RELATED ORGANIZATION. ***************************************************************** |
| AFFILIATE EXPENSE REIMBURSEMENT - PART VIII, LINE 11B |
THE AMOUNT ON PART VIII, LINE 11B, DESCRIBED AS "AFFILIATE EXPENSE REIMBURSEMENT" REPRESENTS PAYMENTS RECEIVED FROM THRIVENT FINANCIAL'S SUBSIDIARIES DURING 2019 IN RETURN FOR EXPENSES INCURRED BY THRIVENT FINANCIAL WHICH PROVIDED BENEFIT TO THE AFFILIATES. THE AMOUNTS WERE ALLOCATED TO THE AFFILIATES IN ACCORDANCE WITH THE PRINCIPLES OF INTERNAL REVENUE CODE SECTION 482. ************************************************************** |
| ORGANIZATION'S LODGE SYSTEM - PART VI, LINE 10A |
THRIVENT FINANCIAL FOR LUTHERANS CONDUCTS ITS FRATERNAL ACTIVITIES PRIMARILY THROUGH ITS LODGE SYSTEM, WHICH IS MADE UP OF LOCAL LODGES IN 50 STATES, WHOSE MEMBERS PARTICIPATE IN LOCALLY SPONSORED CHARITABLE, EDUCATIONAL, AND SOCIAL ACTIVITIES. ******************************************************************** |
| THRIVENT SERIES FUND, INC. - SCHEDULE R, PART IV AND V |
ON FORM 990, SCHEDULE R, PART IV AND V, WE LIST THE "THRIVENT SERIES FUND, INC." AS A RELATED ORGANIZATION. THE THRIVENT SERIES FUND, INC. IS ACTUALLY COMPOSED OF 29 PORTFOLIOS, EACH TREATED AS A SEPARATE CORPORATION PURSUANT TO IRC SECTION 851(G)(1). EACH PORTFOLIO IS A REGULATED INVESTMENT COMPANY ("A MUTUAL FUND") FOR TAX PURPOSES. RATHER THAN LISTING EACH PORTFOLIO SEPARATELY, WE HAVE CONSOLIDATED ALL OF THE INCOME, ASSETS, AND RELATED TRANSACTIONS FOR ALL 29 PORTFOLIOS UNDER THE NAME OF THE THRIVENT SERIES FUND, INC. FURTHER DETAIL IS AVAILABLE UPON REQUEST. ******************************************************************** |
| OTHER CHANGES IN NET ASSETS - PART XI, LINE 9 |
$ 19,357,144 CHANGE IN NET UNREAL. FOREIGN EXCH. CAP GAIN (LOSS) $ ( 19,907,060) CHANGE IN NONADMITTED ASSETS $ ( 448,653,400) CHANGE IN ASSET VALUATION RESERVE $ 32,794,414 OTHER CHANGES IN SURPLUS IN SEPARATE ACCOUNTS $ ( 18,651,473) PENSION LIABILITY ADJUSTMENT $ ( 19,084,720) AMORT'N OF DEFERRED GAIN ON SALE OF OFFICE BLDG $ ( 3,698,843) CHANGE IN NET DEFERRED INCOME TAX $( 457,843,938) TOTAL - OTHER CHANGES IN NET ASSETS **************************************************************** |
| BOARD OF DIRECTORS COMMITTEES - PART VI, LINE 1A |
THE BOARD OF DIRECTORS HAS ESTABLISHED AN EXECUTIVE COMMITTEE, FINANCE AND AUDIT COMMITTEE, GOVERNANCE COMMITTEE, A HUMAN RESOURCE COMMITTEE, INVESTMENT COMMITTEE AND A STRATEGY COMMITTEE. IN ADDITION, THE BOARD HAS FORMED AN ELECTION COMMITTEE FOR PURPOSES OF DECLARING THE RESULTS OF THE BOARD OF DIRECTORS ELECTION. THE BOARD OF DIRECTORS HAS DELEGATED LIMITED SCOPE AUTHORITY TO THE ABOVE LISTED COMMITTEES AS DOCUMENTED IN THE RESPECTIVE COMMITTEE CHARTERS. THE BOARD OF DIRECTORS HAS PROVIDED AUTHORIZATION TO THE EXECUTIVE COMMITTEE AS PROVIDED BY WISCONSIN STATUTES TO ACT ON BEHALF OF THE BOARD OF DIRECTORS WHEN THE BOARD IS NOT IN SESSION, BUT THIS AUTHORITY IS INTENDED TO BE USED ONLY FOR URGENT MATTERS THAT REQUIRE AN IMMEDIATE DECISION. THE EXECUTIVE COMMITTEE HAS RARELY ACTED ON BEHALF OF THE FULL BOARD. *********************************************** |
| GOVERNANCE DECISIONS - PART VI, LINE 7B |
THE ARTICLES OF INCORPORATION OF THE ORGANIZATION MAY BE AMENDED OR REPEALED IN WHOLE OR IN PART BY A MAJORITY OF THE VOTES CAST BY BENEFIT MEMBERS. BEFORE SUBMITTING SUCH CHANGES TO A VOTE OF THE BENEFIT MEMBERS, THE BOARD OF DIRECTORS SHALL APPROVE SUCH CHANGES BY AN AFFIRMATIVE VOTE OF A MAJORITY OF THE FULL BOARD. ************************************************************* |
| CHANGES TO GOVERNING DOCUMENTS - PART VI, SECTION A, LINE 4 |
IN 2019, THERE WERE NO AMENDMENTS TO THE ARTICLES OF INCORPORATION. ******************************************************************** |
Attach to Form 990 or 990-EZ.