A tool storage and organization apparatus featuring a rotating tool carousel comprising a base to which two interconnected storage panels are attached which store and organize tools and hardware; a central axle extending through the intersection of the storage panels, the first end extends downwardly through the base and the second end extends upwardly past the storage panels; two mounting brackets for mounting to a wall; a base arm pivotally attached to each mounting bracket at the bottom end, the base arms cooperate to engage the first end of the axle; and a top arm pivotally attached to each mounting bracket at the top end, the top arms cooperate to engage the second end of the axle; wherein the tool carousel is permitted to rotate freely in a first direction or second direction either with respect to the axle or along with the axle.