Abstract: An ice fishing bucket for organizing and transporting ice fishing rods and tackle. The invention includes a plastic bucket with a removable lid, the lid having a large hole cut in it and a foam ring fitted around the inner periphery of the hole. Slits are cut radially along the inner circumference of the foam ring for securing fishing rods. A foam disk with holes for receiving the handle ends of ice fishing rods is fitted into the bottom of the bucket. The holes are spaced in vertical alignment with the slits in the foam ring above. To organize the fishing rods, the handle of a rod is placed in one of the holes in the foam disk and the rod is then pushed into the corresponding slit in the foam ring on the bucket lid. Friction between the rod and the slits in the foam ring holds the rods in place. Other items such as tackle and lures may be placed in the center of the bucket.