While the Folger Theater is a real place in Washington, D.C. where Mr. B. and I have enjoyed many a play, its regular season ends in the spring, so the summer setting of Method Acting makes this very much a work of fiction. If you are interested in finding out more about this incredible cultural institution, please visit https://www.folger.edu/folger-theatre.
The USA Science Talent Fair doesn’t exist, but it is modeled on a similar long-running event which has been sponsored by various companies over the years, currently Regeneron. You can find out more about it here: https://www.societyforscience.org/regeneron-sts/