It was founded at New York University at a meeting held on October 5, 1904. Their charter was officially issued by the state of New York on May 20, 1905. Today there are over 260 chapters and over 80 alumni chapters throughout the United States, making Alpha Kappa Psi one of the largest professional fraternities. The Upsilon Chapter at the University of Missouri-Columbia was installed on May 5, 1920.
Today there are approximately sixty active members.
The Upsilon chapter participates in many different activities throughout the school year. One of the main objectives of Alpha Kappa Psi is brotherhood. This is reflected in the variety of social events the fraternity sponsors throughout the year. In addition, each semester there is a big brother party, pledge party, and a semiformal banquet. The banquet is held near the end of each semester, and it recognizes the new initiates and the most dedicated actives.