alchymyth on "Image for footer not showing but hyperlink works."

uploaded the picture that I am using on the media library

this should possibly have a structure like http://www.macpaint.net/wp-content/uploads/2014/03/Peninsula_Chamber_of_Commerce.png

to target that, try (untested):

<img src="<?php $upload_dir = wp_upload_dir(); echo $upload_dir['baseurl']; ?>/2014/03/Peninsula_Chamber_of_Commerce.png" alt="Virginia Peninsula Chamber of Commerce" />

http://codex.wordpress.org/Function_Reference/wp_upload_dir

in your code, you are aiming at a location within your theme's /images/ folder to which you possibly need to upload the image using FTP.