[2] He served as president of the International Baseball Federation (FIBA) in two periods (1946–1947; 1951–1952), and also took the reins of the organizing committee of the 1944 Amateur World Series held in Caracas.

[3][2] Along with business partner Oscar Prieto Ortiz, Morales helped found the Caribbean Series, an international club championship for the Latin American winter leagues.

[4] Likewise, the first ever Caribbean Series tournament was the brainchild of Morales and Oscar Prieto Ortiz,[5] his business partner since 1936, who devised the idea during Morales' IBF tenure and after seeing the success of the Serie Interamericana in 1946, which featured the clubs Brooklyn Bushwicks from the United States, Cervecería Caracas from Venezuela, Sultanes de Monterrey from Mexico, and an All-Star team from Cuba.

Morales and Prieto then presented their idea to baseball representatives of Cuba, Panama and Puerto Rico during a meeting held in Havana on August 21, 1948.

[6] The representatives then agreed to stage a four-country, round-robin tournament 12-game to be known as the Serie del Caribe, to be launched in Cuba from February 20–25 of 1949.