Sherburne Wesley Burnham discovered IC 115, along with IC 113, on 25 Jul 1890 with the 36-inch refractor at Lick Observatory while examining whether the nearby bright stars were double. He noted "vF, * 6m [94 Psc] 3.5' npp" and measured an accurate offset with respect to the star.

600/800mm - 24" (10/1/16): at 375x; fairly faint, fairly small, slightly elongated, 20" diameter, fairly even surface brightness. Located 3.4' SE of mag 5.5 94 Piscium and 9.6' NE of mag 5.4 Rho Piscium. IC 115 is the brightest cluster member of AGC 195.

Notes by Steve Gottlieb