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Victory Television Network Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Religion-Related, Spiritual Development / Religious Television (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$2.14M (2023)

Expenses
$3.11M (2023)

Total Assets
$9.87M (2023)

Total Liabilities
$398k (2023)

Source: Form 990 tax filings from 2016 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,137,178
Expenses
$3,112,794
Net Income
-$975,616
Net Assets
$9,473,772
Notable Sources of Revenue Percent of Total Revenue
Contributions $818,841
38.3%
Program Services $1,318,310
61.7%
Investment Income $27
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,129,497
36.3%
Assets/Debt
Total Assets $9,871,466
Total Liabilities $397,694
Net Assets $9,473,772
Compensation
Key Employees and Officers Compensation Related Other
Rev James R Grant (Director) $100,090 $0 $0
Dr Happy Lcaldwell (President) $84,139 $0 $0
Rev Jeanne Caldwell (Vice President) $0 $0 $0
Mary S Kelemen (Secretary/Treasurer) $0 $0 $0
Rev Ronnie Caldwell (Director) $0 $0 $0
Dr Rex Horne (Director) $0 $0 $0
John Turver (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,289,666
Expenses
$3,031,707
Net Income
-$742,041
Net Assets
$10,449,388
Notable Sources of Revenue Percent of Total Revenue
Contributions $945,742
41.3%
Program Services $1,343,924
58.7%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,082,982
35.7%
Assets/Debt
Total Assets $10,859,854
Total Liabilities $410,466
Net Assets $10,449,388
Compensation
Key Employees and Officers Compensation Related Other
Rev James R Grant (Gen Manager) $98,422 $0 $0
Dr Happy Lcaldwell (President) $84,139 $0 $0
Rev Jeanne Caldwell (Vice President) $0 $0 $0
Mary S Kelemen (Secretary) $0 $0 $0
Rev Ronnie Caldwell (Director) $0 $0 $0
Dr Rex Horne (Director) $0 $0 $0
John Turver (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,438,439
Expenses
$3,005,505
Net Income
-$567,066
Net Assets
$11,191,429
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,176,666
48.3%
Program Services $1,261,739
51.7%
Investment Income $34
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,061,964
35.3%
Assets/Debt
Total Assets $11,559,580
Total Liabilities $368,151
Net Assets $11,191,429
Compensation
Key Employees and Officers Compensation Related Other
Rev James R Grant (Gen Manager) $97,599 $0 $0
Dr Happy Lcaldwell (President) $84,139 $0 $0
Rev Jeanne Caldwell (Vice President) $0 $0 $0
Mary S Kelemen (Secretary) $0 $0 $0
Rev Ronnie Caldwell (Director) $0 $0 $0
Dr Rex Horne (Director) $0 $0 $0
John Turver (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,480,493
Expenses
$3,194,912
Net Income
-$714,419
Net Assets
$11,758,495
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,001,992
40.4%
Program Services $1,259,068
50.8%
Investment Income $333
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $219,100
8.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,053,737
33.0%
Assets/Debt
Total Assets $11,932,707
Total Liabilities $174,212
Net Assets $11,758,495
Compensation
Key Employees and Officers Compensation Related Other
Rev James R Grant (Gen Manager) $95,752 $0 $0
Dr Happy Lcaldwell (President) $84,206 $0 $0
Rev Jeanne Caldwell (Vice President) $0 $0 $0
Mary S Kelemen (Secretary) $0 $0 $0
Rev Ronnie Caldwell (Director) $0 $0 $0
Dr Rex Horne (Director) $0 $0 $0
John Turver (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,119,688
Expenses
$3,092,472
Net Income
-$972,784
Net Assets
$12,472,914
Notable Sources of Revenue Percent of Total Revenue
Contributions $828,638
39.1%
Program Services $1,256,986
59.3%
Investment Income $67
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets -$137,756
Net Inventory Sales $0
Other Revenue $171,753
8.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,041,494
33.7%
Assets/Debt
Total Assets $12,614,822
Total Liabilities $141,908
Net Assets $12,472,914
Compensation
Key Employees and Officers Compensation Related Other
Rev James R Grant (Gen Manager) $98,764 $0 $0
Dr Happy Lcaldwell (President) $84,182 $0 $0
Rev Jeanne Caldwell (Vice President) $0 $0 $0
Mary S Kelemen (Secretary) $0 $0 $0
Rev Ronnie Caldwell (Director) $0 $0 $0
Dr Rex Horne (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$6,638,683
Expenses
$2,987,963
Net Income
$3,650,720
Net Assets
$13,445,698
Notable Sources of Revenue Percent of Total Revenue
Contributions $635,653
9.6%
Program Services $1,281,942
19.3%
Investment Income $61
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $4,721,027
71.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,024,093
34.3%
Assets/Debt
Total Assets $14,139,671
Total Liabilities $693,973
Net Assets $13,445,698
Compensation
Key Employees and Officers Compensation Related Other
Rev James R Grant (Gen Manager) $98,342 $0 $0
Dr Happy Lcaldwell (President) $84,175 $0 $0
Rev Jeanne Caldwell (Vice President) $0 $0 $0
Mary S Kelemen (Secretary) $0 $0 $0
Rev Ronnie Caldwell (Director) $0 $0 $0
Dr Rex Horne (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,020,707
Expenses
$2,967,853
Net Income
-$947,146
Net Assets
$9,794,980
Notable Sources of Revenue Percent of Total Revenue
Contributions $725,325
35.9%
Program Services $1,295,321
64.1%
Investment Income $61
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,026,460
34.6%
Assets/Debt
Total Assets $9,929,958
Total Liabilities $134,978
Net Assets $9,794,980
Compensation
Key Employees and Officers Compensation Related Other
Rev James R Grant (Gen Manager) $98,933 $0 $0
Dr Happy Lcaldwell (President) $84,092 $0 $0
Rev Jeanne Caldwell (Vice President) $0 $0 $0
Mary S Kelemen (Secretary) $0 $0 $0
Rev Ronnie Caldwell (Director) $0 $0 $0
Dr Dwain Miller (Director) $0 $0 $0
Dr Rex Horne (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,072,149
Expenses
$2,953,561
Net Income
-$881,412
Net Assets
$10,742,126
Notable Sources of Revenue Percent of Total Revenue
Contributions $727,242
35.1%
Program Services $1,344,817
64.9%
Investment Income $90
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $1,042,625
35.3%
Assets/Debt
Total Assets $10,856,132
Total Liabilities $114,006
Net Assets $10,742,126
Compensation
Key Employees and Officers Compensation Related Other
Rev James R Grant (Gen Manager) $105,987 $0 $405
Dr Happy Lcaldwell (President) $87,319 $0 $0
Rev Jeanne Caldwell (Vice President) $0 $0 $0
Mary S Kelemen (Secretary) $0 $0 $0
Rev Ronnie Caldwell (Director) $0 $0 $0
Dr Dwain Miller (Director) $0 $0 $0
Dr Rex Horne (Director) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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