Here's my analysis of a rejection that came recently from the Parthenon Prize in Fiction: It's very nice paper stock and letter head. Also, this outfit has a nice website. They must have a lot of dough. The stakes for winning were high: $15K prize and publishing contract with Hooded Friar Press (whatever that is). There was no reading fee, and I think it had something to do with Frank Lloyd Wright, but I don't remember what.