Program Information Festival Ballet Theatre Company was founded by Salwa Rizkalla in 1988 and named Outstanding Arts Organization of the Year in 2001 by Arts Orange County, Festival Ballet Theatre Company has become one of Southern California’s most vibrant and accomplished regional ballet companies. Festival Ballet Theatre (FBT), a non-profit 501 (C) (3) corporation dedicated to providing young dancers with performance opportunities that meet professional standards of artistic development, performance values and production qualities.