The Dream Foundry is a nonprofit organization that is “dedicated to helping new professionals in the speculative genres.”
They are currently hosting their annual contest for people who are new to writing. To join the contest, you must not have published more than 4,000 words of paid speculative fiction in English, or earned a total of more than $320 USD.
According to their website:
The Dream Foundry Contest for Emerging Writers is an annual no submission fees contest with cash prizes! Every year our contest coordinator selects ten finalists from a pool of submissions from writers around the world. In addition to their cash prizes, winners get featured at Flights of Foundry, an annual convention where professionals from all over the industry come to discuss all things related to the speculative arts.
You can see a list of our past finalists and winners on our Winners Page.
To enter the contest, submit a finalized speculative fiction story up to 10,000 words via their submission manager.
The contest has a total of $1700 in prizes, including a $1000 first place prize.
They have an easy to use submission form directly on their website.
To learn more, read their contest page here.