Hey Lynn,
We have an awards banquet at the end of every year and combine it with our clubs Annual General Meeting. The awards are broken up into two categories, serious division/class awards which are based on hit factor overall within division/class, and then we do a series of joke awards. The division/class awards are just simple plaques that do not cost much, but provide bragging rights.
We run IPSC matches every week, 48 weeks a year. So in order to qualify for a division/class award you must have attended at least 7 matches in your division/class.
The joke awards are always the highlight of the banquet. These are just computer generated awards that highlight some of the humorous things that happened during the year. These awards allow us to recognize people who might not otherwise win division/class awards, and what would IPSC be without a little friendly ribbing from fellow shooters!
Hope this helps, and good luck