Victory Television Network Inc

Organization Overview

Victory Television Network Inc is located in Little Rock, AR. The organization was established in 2015. According to its NTEE Classification (X82) the organization is classified as: Religious Television, under the broad grouping of Religion-Related and related organizations. As of 12/2020, Victory Television Network Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2020, Victory Television Network Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 3.7% each year. All expenses for the organization totaled $3.2m during the year ending 12/2020. While expenses have increased by 1.6% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2020

Describe the Organization's Mission:

Part 3 - Line 1

THE VICTORY TELEVISION NETWORK (VTN) IS A NETWORK OF FULL-POWERED, COMMERICAL TV STATIONS IN ARKANSAS, INCLUDING KVTN-DT IN LITTLE ROCK/PINEBLUFF, KVTH-DT IN HOT SPRINGS AND KVTJ-DT IN JONESBORO. FOUNDED BY PASTORS HAPPY AND JEANNE CALDWELL, VTN'S BOLD MISSION HAS ONE SIMPLE OBJECTIVE: TO REACH THE STATE OF ARKANSAS AND SURROUNDING COVERAGE AREAS IN MISSOURI, TENNESSEE AND MISSISSIPPI WITH THE LIFE-CHANGING MESSAGE OF JESUS CHRIST.

Describe the Organization's Program Activity:

Part 3 - Line 4a

AS THE ONLY CHRISTIAN TELEVISION NETWORK HEADQUARTERED IN ARKANSAS, THE ORGANIZATION'S OBJECTIVE IS TO REACH ACROSS ALL DENOMINATIONAL BARRIERS TO CONNECT ITS AUDIENCE WITH THE GOOD NEWS OF JESUS CHRIST THROUGH THE USE OF MASS COMMUNICATION THROUGH TELEVISION, THE INTERNET, AND DISTRIBUTION OF TEACHING MATERIALS IN THE FORM OF CDS, DVDS, AND OTHER LITERATURE. THE ORGANIZATION'S COVERAGE IS THE ENTIRE STATE OF ARKANSAS, SOUTHEAST MISSOURI, AND WESTERN TENNESSEE.


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Board, Officers & Key Employees

Name (title)Compensation
Rev James R Grant
Gen Manager
$95,752
Dr Happy Lcaldwell
President
$84,206
Mary S Kelemen
Secretary
$0
Rev Jeanne Caldwell
Vice President
$0
Dr Rex Horne
Director
$0
John Turver
Director
$0

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$1,001,992
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,001,992
Total Program Service Revenue$1,259,068
Investment income $333
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 $2,480,493

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