"[2] The Society was founded in June 1977 when cartoonists Sergio Aragones of Mad Magazine, Don Rico of Marvel Comics, and writer Mark Evanier sought to create a non-profit monthly social group for fellow members of the profession.

[6][2] Today, the 2022-2023 CAPS Board of Directors includes President: Christie Shinn, Vice-President: Bradley C. Rader, Treasurer: Jim MacQuarrie, and Secretary: Jose Pimienta.

[8] In May 2012, CAPS hosted an original art auction to benefit the Hairy Cell Leukemia Foundation in remembrance of comic artist Dave Stevens.

[9][10] In 2014 CAPS hosted a series of original art auctions to benefit comic artist Stan Sakai and his wife with medical bills.

[11][12] CAPS also collaborated with Dark Horse Comics on an oversized, 160 page hardcover benefit book The Sakai Project: Artists celebrate 30 years of Usagi Yojimbo.