Thrivent Charitable Impact & Investing
84% goes to programs $2 to raise $100 Strong reserves Declining revenue
Thrivent Charitable Impact & Investing is a 501(c)(3) organization based in Minneapolis, Minnesota, registered in 1995, with $114,823,436 in FY2023 revenue. CharityIndex grades it A, and it directs about 84% of spending to programs.
600 Portland Ave Ste 4100, Minneapolis, MN, 55415 EIN 41-1802412 Since 1995
Revenue (FY2023)
$114.8M
▲ 12.8% vs prior year
Philanthropy median: $168K
Expenses (FY2023)
$89.4M
Net assets
$672.4M
Employees
1
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating84% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Thrivent Charitable Impact & Investing: 84% to programs · $2 to raise $100 earns a A on this criterion. See the exact thresholds →
B+Financial health25% of the rating90 mo reserves · +22% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Thrivent Charitable Impact & Investing: 90 mo reserves · +22% margin earns a B+ on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Thrivent Charitable Impact & Investing: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Thrivent Charitable Impact & Investing: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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A live seal — it updates automatically when the grade changes and links donors to this verified profile.
Mission
Serving the community through charitable planning, donor-advised funds, and endowments.
What they do
Infaith community foundation (the foundation) advanced its mission through a number of donor and program services in 2014. improved online services were introduced to donors in early 2014. through donorview at infaithfound.org, fund advisors now have access to a number of services to help manage their donor advised funds. new services include the option to go paperless with quarterly fund statements, request one-time or recurring grants from a donor advised fund or endowment, access fund documents, review the funds grant history and add online access for additional parties, such as family members and/or a financial advisor. in order to provide donors and organizations with more opportunity to recommend investment allocations for their dynamic donor advised fund and organizational endowment fund assets, the foundation introduced a new customized fund allocation option. donors may now recommend a custom asset allocation among the foundations growth portfolio, mission portfolio and/or income portfolio to match their grantmaking goals. infaiths website, infaithfound.org, was continually updated and refined to provide donor-friendly access to infaith giving options, tools and resources. program initiatives of the infaith collaborative fundsinfaith community foundations mission and vision are driven by a rich christian tradition of working together to address important and diverse societal issues with creativity, passion and purpose. through its collaborative funds, the foundation focuses on increasing the capacity of churches and other public charities by engaging in meaningful grantmaking with measurable results. donor gifts allow the foundation to facilitate larger impact grants that work alongside public charities at the ground level and create strategic responses to issues facing our shared community. donor interests, community assessment and research guide how the community benefits. gifts of any size are welcome to any of the infaith collaborative funds. following are 2014 grant highlights from infaith collaborative funds. the foundation continued its sponsorship of safe and healthy church workshops as part of its ending family violence initiative. this training is designed to help christian pastors and lay leaders understand the dynamics of domestic and sexual violence, and the ramifications of violence on individuals, the church and the community. church clergy and lay leaders who attended these workshops in 2014 returned to their churches equipped to respond to victims/survivors and be safe places for the most vulnerable from a faith-based perspective.
Infaith community fund: creation care environmental initiative this initiative takes a christian approach to building awareness of, and lasting change to, our relationship with gods creation. its focus is threefold: 1) help churches reduce their energy footprint; 2) promote leadership around creation care among pastors, laity and resident theologians within the christian community; and 3) engage donors around the concern of creation care and support their individual and collective efforts to make an impact.in 2014, the foundation granted to the minneapolis area synod of the evangelical lutheran church of america to initiate the nehemiah loan fund. this project will provide revolving loans to churches interested in reducing energy consumption and costs through building projects outside of their financial capacity. it also supported an intensive three-day conference of environmental directors who serve at outdoor ministry sites.
Contact & location
- Address
- 600 Portland Ave Ste 4100, Minneapolis, MN, 55415
- City
- Minneapolis
- State
- Minnesota
- Subcategory
- Public Foundations
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $29.8M (FY2013) to $114.8M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $129.3MNet assets $672.4M
Operating margin
22.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$801.7M
Total liabilities
$129.3M
Net assets
$672.4M
Salaries & benefits
$4.9M
6% of expenses
Board members
10
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $114,823,436▲12.8% | $89,438,156▲29.1% | $672,405,349▲16.5% | $801,749,092▲13.3% | 990 |
| 2022 | $101,828,070▼26.6% | $69,253,844▲5.9% | $577,074,133▼15.3% | $707,383,867▼12.6% | 990 |
| 2021 | $138,812,775▼23.0% | $65,425,483▲30.8% | $681,596,291▲20.1% | $809,708,853▲17.0% | 990 |
| 2020 | $180,241,401▲120% | $50,035,872▲20.8% | $567,426,324▲40.1% | $692,011,038▲32.1% | 990 |
| 2019 | $81,831,339▲23.8% | $41,424,143▲28.7% | $405,159,088▲24.5% | $523,936,676▲21.8% | 990 |
| 2018 | $66,081,685▼2.2% | $32,189,286▲15.9% | $325,352,252▼2.9% | $430,311,771▼3.0% | 990 |
| 2017 | $67,534,941▲80.5% | $27,770,587▲38.7% | $335,126,855▲18.6% | $443,814,264▲17.6% | 990 |
| 2016 | $37,406,604▼32.5% | $20,020,103▼5.6% | $282,630,045▲12.4% | $377,492,652▲10.4% | 990 |
| 2015 | $55,437,524▲15.8% | $21,212,681▲8.9% | $251,495,280▲0.4% | $341,909,103▼0.1% | 990 |
| 2014 | $47,871,716▲60.5% | $19,487,755▲30.9% | $250,404,103▲5.6% | $342,233,642▲5.1% | 990 |
| 2013 | $29,831,861 | $14,883,268▲16.5% | $237,205,519▲16.1% | $325,625,929▲13.4% | 990 |
| 2012 | — | $12,775,693▼3.6% | $204,270,371▲17.2% | $287,070,606▲16.5% | 990 |
| 2011 | — | $13,252,806▲2.0% | $174,290,659▼0.2% | $246,502,070▼0.1% | 990 |
| 2010 | — | $12,987,057 | $174,701,416 | $246,774,399 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Mandy Tuong — $651,360 (0.73% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mandy Tuong | President & Ceo | 40 | $651,360 |
| Abe Sheikh | Director | 2 | — |
| Alesia Frerichs | Director | 2 | — |
| Carolyn Sakstrup | Director | 2 | — |
| Cindy Nigbur | Secretary | 2 | — |
| Gregory Allen | Assistant Treasurer | 40 | — |
| Greg Shamey | Vice President | 40 | — |
| James H Scott Jr | Vice Chair | 2 | — |
| Jim Odland | Director | 2 | — |
| Kimberly Spears | Director | 2 | — |
| Kim Borton | Vice President | 40 | — |
| Kurt Senske | Chair | 2 | — |
| Mark Smith | Director | 2 | — |
| Max Erickson | Assistant Secretary | 40 | — |
| Michelle Clary | Director | 2 | — |
| Nicholas Cecere | Director | 2 | — |
| Nicki Schuman | Treasurer | 5 | — |
| Rebecca Stibbe | Senior Vice President (thru 7/23) | 40 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Thrivent Financial | Admin & Management Services | $4,421,167 |
| Cambridge Associates | Investment Management | $790,097 |
| Stellar Technology Solutions LLC | Technology Services | $280,889 |
| Wipfli LLP | Technology Services | $136,051 |
| Altravue Capital LLC | Investment Management | $117,977 |
Grants received · $9.8M total
71 grants to Thrivent Charitable Impact & Investing totaling $9.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Dechomai Foundation Inc | Unrestricted | 2024 | $984,229 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $643,600 |
| American Online Giving Foundation Inc | General support | 2024 | $84,722 |
| Thrivent Financial For Lutherans | General support | 2024 | $63,027 |
| American Endowment Foundation | Philanthropy | 2024 | $40,000 |
| National Christian Charitable Foundation | Giving and generosity | 2024 | $30,000 |
| Raymond James Charitable Endowment Fund | General support | 2023 | $500,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $198,575 |
| American Online Giving Foundation Inc | General support | 2023 | $108,715 |
| Thrivent Financial For Lutherans | General support | 2023 | $99,732 |
| American Endowment Foundation | Philanthropy | 2023 | $41,000 |
| National Christian Charitable Foundation | Support | 2023 | $20,000 |
| Saint Paul & Minnesota Foundation | Multiple grants for programs, operations, or other purposes | 2023 | $6,600 |
| American Endowment Foundation | General operating support | 2022 | $1,011,256 |
| Dechomai Foundation Inc | Unrestricted | 2022 | $600,437 |
Grants made · $65.7M in FY2023
2,127 grants totaling $65.7M in FY2023 — showing the 15 largest. All grants made by Thrivent Charitable Impact & Investing →
| Recipient | Purpose | Amount |
|---|---|---|
| Flathead Valley Community College Foundation Inc | General support | $3,714,000 |
| Augustana Lutheran Church | General support | $3,484,011 |
| National Christian Charitable Foundation | General support | $3,194,173 |
| Concordia College Corporation | General support | $2,516,817 |
| Christian Community Foundation Inc | General support | $1,020,000 |
| South Dakota State University Foundation | General support | $745,054 |
| Lutheran World Relief Inc | General support | $585,255 |
| Victory Church & Victory Ministries Holdings LLC | General support | $569,400 |
| Morgan Stanley Global Impact Funding Trust Inc | General support | $542,371 |
| Adams County Agricultural Land Preservation Program | General support | $505,514 |
| Lutheran High School Association of Orange County | General support | $500,000 |
| The Kings Academy | General support | $500,000 |
| Saint Michael Evangelical Lutheran Church | General support | $453,555 |
| Journey Church Colorado | General support | $449,984 |
| Adventures In Missions Inc | General support | $441,799 |
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Frequently asked questions
- Is Thrivent Charitable Impact & Investing a legitimate nonprofit?
- Yes. Thrivent Charitable Impact & Investing is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 41-1802412, based in Minneapolis, Minnesota. Donations are tax-deductible.
- What is Thrivent Charitable Impact & Investing's EIN?
- Thrivent Charitable Impact & Investing's Employer Identification Number (EIN) is 41-1802412.
- How much revenue does Thrivent Charitable Impact & Investing report?
- Thrivent Charitable Impact & Investing reported $114,823,436 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Thrivent Charitable Impact & Investing's spending goes to programs?
- Thrivent Charitable Impact & Investing spends about 84% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Thrivent Charitable Impact & Investing have?
- CharityIndex grades Thrivent Charitable Impact & Investing A, based on program efficiency and fundraising cost.
- How much does Thrivent Charitable Impact & Investing's highest-paid employee make?
- The highest reported compensation on Thrivent Charitable Impact & Investing's latest Form 990 is $651,360, paid to Mandy Tuong (President & Ceo).
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Data for Thrivent Charitable Impact & Investing (EIN 41-1802412) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.