The Balefire Awards are organized by First, Second, and Third. The prizes for each level is as follows:

       First Place - $150.00, a commemorative scroll stating the winner's name and field of service, and a statuette donated by Talismanic stores.
       Second Place - $100.00, a commemorative scroll stating the winner's name and field of service, and a necklace donated by Talismanic stores.
       Third Place - $50.00, a commemorative scroll stating the winner's name and field of service, and a pin donated by Talismanic stores.

       Non-winners will be put on the annual Wall of Honor, to be remembered for all time.